Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
QQQ	INVESCO QQQ TR	16,300	$12M	9.4%	—	—	PUT	46090E103
EA	ELECTRONIC ARTS INC	46,000	$9.432M	7.4%	—	—	PUT	285512109
FEMY	FEMASYS INC	1,867,987	$7.808M	6.1%	$4.18	—	COM NEW	31447E204
SMH	VANECK ETF TRUST	7,100	$4.657M	3.7%	—	—	PUT	92189F676
XBI	SPDR SER TR	20,000	$3.165M	2.5%	—	—	PUT	78464A870
VLO	VALERO ENERGY CORP	10,620	$2.766M	2.2%	$260.44	—	COM	91913Y100
IRS	IRSA INVERSIONES Y REP S A	126,542	$1.954M	1.5%	$15.44	—	SPON GDS ECH 10	450047303
LOMA	LOMA NEGRA CORP	115,186	$1.319M	1.0%	$11.45	—	SPONSORED ADS	54150E104
GOOG	ALPHABET INC	3,500	$1.237M	1.0%	—	—	CALL	02079K107
AMZN	AMAZON COM INC	4,400	$1.049M	0.8%	—	—	CALL	023135106
MSFT	MICROSOFT CORP	2,800	$1.044M	0.8%	—	—	CALL	594918104
NOW	SERVICENOW INC	10,200	$1.013M	0.8%	$99.28	—	COM	81762P102
META	MESA PLATFORMS INC	1,700	$958K	0.8%	—	—	CALL	30303M102
CRESY	CRESUD S A C I F Y A	80,186	$899K	0.7%	$11.21	—	SPONSORED ADR	226406106
DRTS	ALPHA TAU MEDICAL LTD	61,200	$770K	0.6%	$12.58	—	ORDINARY SHARES	M0740A108
CCXI	CHURCHILL CAP CORP XI	38,587	$673K	0.5%	$17.45	—	CL A ORD SHS	G2131A108
UPWK	UPWORK INC	67,680	$566K	0.4%	$8.36	—	COM	91688F104
GGAL	GRUPO FINANCIERO GALICIA S A	4,220	$211K	0.2%	$50.03	—	SPONSORED ADR	399909100
MOB	MOBILICOM LTD	28,245	$145K	0.1%	$5.13	—	ORD SHS NEW	Q6297L120
SNDA	SONIDA SENIOR LIVING INC	3,521	$144K	0.1%	$40.80	—	COM	140475203
WELL	WELLTOWER INC	619	$140K	0.1%	$226.97	—	COM	95040Q104
APYX	APYX MEDICAL CORPORATION	30,249	$136K	0.1%	$4.49	—	COM	03837C106
BKD	BROOKDALE SR LIVING INC	4,571	$73,547	0.1%	$16.09	—	COM	112463104
JAN	JANUS LIVING INC	2,398	$68,919	0.1%	$28.74	—	CL A-1	471024109
ERNA	ERNEXA THERAPEUTICS INC	6,000	$39,900	0.0%	$6.65	—	COM	114082407
CIB	GRUPO CIBEST SA	443	$35,187	0.0%	$79.43	—	SPON ADS	40090E106
COLO	GLOBAL X FDS	507	$21,117	0.0%	$41.65	—	GLBX MSCI COLUM	37954Y327
HSAI	HESAI GROUP	1,100	$20,042	0.0%	$18.22	—	SPONSORED ADS	428050108
POWL	POWELL INDS INC	1	$286	0.0%	$286.00	—	COM	739128106
LCTX	LINEAGE CELL THERAPEUTICS IN	100	$131	0.0%	$1.31	—	COM	53566P109
TRVI	TREVI THERAPEUTICS INC	1	$19	0.0%	$19.00	—	COM	89532M101
HCAC	HALL CHADWICK ACQUISITION CO	1	$10	0.0%	$10.00	—	ORD SHS CL A	G42386105

Increased Positions (18)

IWM ISHARES TR 28.3%

Value $36.05M (+411.9%) Shares 120,000 (+322.5%) Est. Cost — Unrealized —

AEON AEON BIOPHARMA INC 7.1%

Value $8.984M (+260.8%) Shares 12,490,154 (+394.1%) Est. Cost $1.27 Unrealized —

KZIA KAZIA THERAPEUTICS LTD 3.9%

Value $4.987M (+739.7%) Shares 354,208 (+343.7%) Est. Cost $12.58 Unrealized —

ADAG ADAGENE INC 1.8%

Value $2.256M (+1555.2%) Shares 537,230 (+1444.9%) Est. Cost $4.18 Unrealized —

AZTR AZITRA INC 1.5%

Value $1.895M (+809656.0%) Shares 11,292,186 (+1129118.6%) Est. Cost $0.17 Unrealized —

ESTA ESTABLISHMENT LABS HLDGS INC 1.7%

Value $2.208M (+312.4%) Shares 25,728 (+172.9%) Est. Cost $76.49 Unrealized —

COUR COURSERA INC 1.0%

Value $1.264M (+146.4%) Shares 224,171 (+154.2%) Est. Cost $6.09 Unrealized —

UTI UNIVERSAL TECHNICAL INST INC 0.9%

Value $1.197M (+127.4%) Shares 27,990 (+92.0%) Est. Cost $35.24 Unrealized —

TLPH TALPHERA INC 0.6%

Value $768K (+136.4%) Shares 746,051 (+71.4%) Est. Cost $1.07 Unrealized —

ARMP ARMATA PHARMACEUTICALS INC 1.0%

Value $1.321M (+42.4%) Shares 203,891 (+125.1%) Est. Cost $6.83 Unrealized —

AIRS AIRSCULPT TECHNOLOGIES INC 0.2%

Value $303K (+10103900.0%) Shares 67,360 (+6735900.0%) Est. Cost $4.50 Unrealized —

PTCT PTC THERAPEUTICS INC 0.7%

Value $831K (+45.9%) Shares 10,193 (+21.9%) Est. Cost $74.63 Unrealized —

MLP MAUI LD & PINEAPPLE INC 0.3%

Value $344K (+314.5%) Shares 19,362 (+258.8%) Est. Cost $17.35 Unrealized —

QNRX QUOIN PHARMACEUTICALS LTD 0.8%

Value $1.041M (-19.8%) Shares 214,987 (+9.4%) Est. Cost $6.45 Unrealized —

JOE ST JOE CO 1.8%

Value $2.265M (+11.8%) Shares 36,167 (+12.1%) Est. Cost $51.93 Unrealized —

STIM NEURONETICS INC 0.4%

Value $480K (+23.0%) Shares 369,187 (+37.1%) Est. Cost $1.77 Unrealized —

UNCY UNICYCIVE THERAPEUTICS INC 0.8%

Value $1.004M (+3.7%) Shares 214,000 (+45.5%) Est. Cost $5.42 Unrealized —

PPLT ABRDN PLATINUM ETF TRUST 0.0%

Value $3,391 (-20.7%) Shares 240 (+900.0%) Est. Cost $21.02 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	120,000 (+322.5%)	$36.05M (+411.9%)	28.3%	—	—	PUT	464287655
AEON	AEON BIOPHARMA INC	12,490,154 (+394.1%)	$8.984M (+260.8%)	7.1%	$1.27	—	CL A NEW	00791X209
KZIA	KAZIA THERAPEUTICS LTD	354,208 (+343.7%)	$4.987M (+739.7%)	3.9%	$12.58	—	SPONSORED ADS	48669G303
ADAG	ADAGENE INC	537,230 (+1444.9%)	$2.256M (+1555.2%)	1.8%	$4.18	—	ADS	005329107
AZTR	AZITRA INC	11,292,186 (+1129118.6%)	$1.895M (+809656.0%)	1.5%	$0.17	—	COM NEW	05479L302
ESTA	ESTABLISHMENT LABS HLDGS INC	25,728 (+172.9%)	$2.208M (+312.4%)	1.7%	$76.49	—	COM	G31249108
COUR	COURSERA INC	224,171 (+154.2%)	$1.264M (+146.4%)	1.0%	$6.09	—	COM	22266M104
UTI	UNIVERSAL TECHNICAL INST INC	27,990 (+92.0%)	$1.197M (+127.4%)	0.9%	$35.24	—	COM	913915104
TLPH	TALPHERA INC	746,051 (+71.4%)	$768K (+136.4%)	0.6%	$1.07	—	COM NEW	00444T209
ARMP	ARMATA PHARMACEUTICALS INC	203,891 (+125.1%)	$1.321M (+42.4%)	1.0%	$6.83	—	COM	04216R102
AIRS	AIRSCULPT TECHNOLOGIES INC	67,360 (+6735900.0%)	$303K (+10103900.0%)	0.2%	$4.50	—	COM	009496100
PTCT	PTC THERAPEUTICS INC	10,193 (+21.9%)	$831K (+45.9%)	0.7%	$74.63	—	COM	69366J200
MLP	MAUI LD & PINEAPPLE INC	19,362 (+258.8%)	$344K (+314.5%)	0.3%	$17.35	—	COM	577345101
QNRX	QUOIN PHARMACEUTICALS LTD	214,987 (+9.4%)	$1.041M (-19.8%)	0.8%	$6.45	—	SPONSORED ADS	74907L409
JOE	ST JOE CO	36,167 (+12.1%)	$2.265M (+11.8%)	1.8%	$51.93	—	COM	790148100
STIM	NEURONETICS INC	369,187 (+37.1%)	$480K (+23.0%)	0.4%	$1.77	—	COM	64131A105
UNCY	UNICYCIVE THERAPEUTICS INC	214,000 (+45.5%)	$1.004M (+3.7%)	0.8%	$5.42	—	COM NEW	90466Y202
PPLT	ABRDN PLATINUM ETF TRUST	240 (+900.0%)	$3,391 (-20.7%)	0.0%	$21.02	—	PHYSICAL PLATM SHS	003260106

Exited Positions (28)

IEF ISHARES TR 61.8%

Value $78.71M Shares 824,700 Est. Cost — Unrealized —

KWEB KRANESHARES TRUST 8.4%

Value $10.7M Shares 376,400 Est. Cost — Unrealized —

XLY SELECT SECTOR SPDR TR 6.7%

Value $8.5M Shares 78,000 Est. Cost — Unrealized —

ASHR DBX ETF TR 3.2%

Value $4.028M Shares 123,400 Est. Cost — Unrealized —

FXI ISHARES TR 2.6%

Value $3.26M Shares 90,800 Est. Cost — Unrealized —

FEMY FEMASYS INC 2.0%

Value $2.535M Shares 6,033,030 Est. Cost $0.90 Unrealized —

COUR COURSERA INC 1.5%

Value $1.889M Shares 324,500 Est. Cost $6.09 Unrealized —

TROW PRICE T ROWE GROUP INC 1.0%

Value $1.334M Shares 14,800 Est. Cost — Unrealized —

CPA COPA HOLDINGS SA 0.4%

Value $489K Shares 4,304 Est. Cost $138.88 Unrealized —

DOLE DOLE PLC 0.4%

Value $472K Shares 33,013 Est. Cost $14.02 Unrealized —

XP XP INC 0.3%

Value $384K Shares 20,176 Est. Cost $16.42 Unrealized —

EKSO EKSO BIONICS HLDGS INC 0.3%

Value $378K Shares 35,493 Est. Cost $9.28 Unrealized —

ACIU AC IMMUNE SA 0.2%

Value $296K Shares 107,489 Est. Cost $3.15 Unrealized —

MPLX MPLX LP 0.2%

Value $295K Shares 5,170 Est. Cost $57.07 Unrealized —

FUTU FUTU HLDGS LTD 0.2%

Value $254K Shares 1,854 Est. Cost $136.76 Unrealized —

ET ENERGY TRANSFER EQUITY L P 0.2%

Value $237K Shares 12,300 Est. Cost $19.30 Unrealized —

VSTM VERASTEM INC 0.2%

Value $195K Shares 36,750 Est. Cost $6.48 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 0.2%

Value $193K Shares 5,100 Est. Cost $37.84 Unrealized —

VITL VITAL FARMS INC 0.1%

Value $164K Shares 11,603 Est. Cost $27.83 Unrealized —

CHRS COHERUS BIOSCIENCES INC 0.1%

Value $129K Shares 76,087 Est. Cost $1.82 Unrealized —

ERNA ERNEXA THERAPEUTICS INC 0.1%

Value $122K Shares 612,443 Est. Cost $0.86 Unrealized —

CCCC C4 THERAPEUTICS INC COM 0.0%

Value $39,450 Shares 15,000 Est. Cost $2.09 Unrealized —

KRYS KRYSTAL BIOTECH INC 0.0%

Value $18,857 Shares 73 Est. Cost $272.40 Unrealized —

ACON ACLARION INC 0.0%

Value $17,730 Shares 5,422 Est. Cost $6.95 Unrealized —

OKYO OKYO PHARMA LTD 0.0%

Value $6,149 Shares 3,819 Est. Cost $1.33 Unrealized —

AGRO ADECOAGRO S A 0.0%

Value $5,272 Shares 351 Est. Cost $7.85 Unrealized —

SVAC SPRING VY ACQUISITION CORP I 0.0%

Value $5,009 Shares 493 Est. Cost $10.53 Unrealized —

CUE CUE BIOPHARMA INC 0.0%

Value $555 Shares 2,416 Est. Cost $0.33 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IEF	ISHARES TR	824,700	$78.71M	61.8%	—	—	CALL	464287440
KWEB	KRANESHARES TRUST	376,400	$10.7M	8.4%	—	—	CALL	500767306
XLY	SELECT SECTOR SPDR TR	78,000	$8.5M	6.7%	—	—	PUT	81369Y407
ASHR	DBX ETF TR	123,400	$4.028M	3.2%	—	—	CALL	233051879
FXI	ISHARES TR	90,800	$3.26M	2.6%	—	—	CALL	464287184
FEMY	FEMASYS INC	6,033,030	$2.535M	2.0%	$0.90	—	—	31447E105
COUR	COURSERA INC	324,500	$1.889M	1.5%	$6.09	—	CALL	22266M104
TROW	PRICE T ROWE GROUP INC	14,800	$1.334M	1.0%	—	—	PUT	74144T108
CPA	COPA HOLDINGS SA	4,304	$489K	0.4%	$138.88	—	—	P31076105
DOLE	DOLE PLC	33,013	$472K	0.4%	$14.02	—	—	G27907107
XP	XP INC	20,176	$384K	0.3%	$16.42	—	—	G98239109
EKSO	EKSO BIONICS HLDGS INC	35,493	$378K	0.3%	$9.28	—	—	282644400
ACIU	AC IMMUNE SA	107,489	$296K	0.2%	$3.15	—	—	H00263105
MPLX	MPLX LP	5,170	$295K	0.2%	$57.07	—	—	55336V100
FUTU	FUTU HLDGS LTD	1,854	$254K	0.2%	$136.76	—	—	36118L106
ET	ENERGY TRANSFER EQUITY L P	12,300	$237K	0.2%	$19.30	—	—	29273V100
VSTM	VERASTEM INC	36,750	$195K	0.2%	$6.48	—	—	92337C203
EPD	ENTERPRISE PRODS PARTNERS L	5,100	$193K	0.2%	$37.84	—	—	293792107
VITL	VITAL FARMS INC	11,603	$164K	0.1%	$27.83	—	—	92847W103
CHRS	COHERUS BIOSCIENCES INC	76,087	$129K	0.1%	$1.82	—	—	19249H103
ERNA	ERNEXA THERAPEUTICS INC	612,443	$122K	0.1%	$0.86	—	—	114082308
CCCC	C4 THERAPEUTICS INC COM	15,000	$39,450	0.0%	$2.09	—	—	12529R107
KRYS	KRYSTAL BIOTECH INC	73	$18,857	0.0%	$272.40	—	—	501147102
ACON	ACLARION INC	5,422	$17,730	0.0%	$6.95	—	—	655187409
OKYO	OKYO PHARMA LTD	3,819	$6,149	0.0%	$1.33	—	—	G6724L116
AGRO	ADECOAGRO S A	351	$5,272	0.0%	$7.85	—	—	L00849106
SVAC	SPRING VY ACQUISITION CORP I	493	$5,009	0.0%	$10.53	—	—	G8377R101
CUE	CUE BIOPHARMA INC	2,416	$555	0.0%	$0.33	—	—	22978P106

Decreased Positions (18)

INVA INNOVIVA INC 0.0%

Value $36,790 (-98.7%) Shares 1,620 (-98.7%) Est. Cost $21.00 Unrealized —

TLSA TIZIANA LIFE SCIENCES LTD 1.2%

Value $1.487M (-41.3%) Shares 1,162,000 (-46.3%) Est. Cost $1.21 Unrealized —

CALM CAL MAINE FOODS INC 0.2%

Value $208K (-81.5%) Shares 2,581 (-81.9%) Est. Cost $80.65 Unrealized —

LINC LINCOLN EDL SVCS CORP 1.2%

Value $1.549M (-35.9%) Shares 31,046 (-47.8%) Est. Cost $18.24 Unrealized —

PPC PILGRIMS PRIDE CORP 0.3%

Value $386K (-67.5%) Shares 13,721 (-56.3%) Est. Cost $41.78 Unrealized —

TRAW TRAWS PHARMA INC 0.1%

Value $67,948 (-91.1%) Shares 80,574 (-80.7%) Est. Cost $1.87 Unrealized —

TOI THE ONCOLOGY INSTITUTE INC 0.7%

Value $888K (-37.4%) Shares 163,570 (-64.6%) Est. Cost $3.09 Unrealized —

MPC MARATHON PETE CORP 0.5%

Value $579K (-43.0%) Shares 2,264 (-45.5%) Est. Cost $186.40 Unrealized —

CAPR CAPRICOR THERAPEUTICS INC 0.0%

Value $24 (-100.0%) Shares 1 (-100.0%) Est. Cost $24.88 Unrealized —

JBS JBS N.V. 0.0%

Value $7,987 (-97.9%) Shares 674 (-96.8%) Est. Cost $14.38 Unrealized —

CRIS CURIS INC 0.0%

Value $5,222 (-98.6%) Shares 10,001 (-98.5%) Est. Cost $0.98 Unrealized —

DC DAKOTA GOLD CORP 0.0%

Value $2,475 (-99.3%) Shares 581 (-99.2%) Est. Cost $6.17 Unrealized —

MRX MAREX GROUP PLC 0.5%

Value $629K (-30.5%) Shares 10,324 (-49.2%) Est. Cost $33.95 Unrealized —

INMB INMUNE BIO INC 0.0%

Value $163 (-99.9%) Shares 100 (-99.9%) Est. Cost $1.78 Unrealized —

PROF PROFOUND MED CORP 1.1%

Value $1.386M (-11.2%) Shares 208,369 (-13.4%) Est. Cost $7.12 Unrealized —

CGTX COGNITION THERAPEUTICS INC 0.3%

Value $427K (+30.6%) Shares 371,701 (-13.8%) Est. Cost $1.62 Unrealized —

TVA TEXAS VENTURES ACQUISITION I 0.0%

Value $8,493 (-79.7%) Shares 805 (-80.0%) Est. Cost $10.54 Unrealized —

AEM AGNICO EAGLE MINES LTD 0.0%

Value $25,596 (-53.6%) Shares 165 (-39.3%) Est. Cost $132.10 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INVA	INNOVIVA INC	1,620 (-98.7%)	$36,790 (-98.7%)	0.0%	$21.00	—	COM	45781M101
TLSA	TIZIANA LIFE SCIENCES LTD	1,162,000 (-46.3%)	$1.487M (-41.3%)	1.2%	$1.21	—	COMMON SHARES	G88912103
CALM	CAL MAINE FOODS INC	2,581 (-81.9%)	$208K (-81.5%)	0.2%	$80.65	—	COM NEW	128030202
LINC	LINCOLN EDL SVCS CORP	31,046 (-47.8%)	$1.549M (-35.9%)	1.2%	$18.24	—	COM	533535100
PPC	PILGRIMS PRIDE CORP	13,721 (-56.3%)	$386K (-67.5%)	0.3%	$41.78	—	COM	72147K108
TRAW	TRAWS PHARMA INC	80,574 (-80.7%)	$67,948 (-91.1%)	0.1%	$1.87	—	COM NEW	68232V884
TOI	THE ONCOLOGY INSTITUTE INC	163,570 (-64.6%)	$888K (-37.4%)	0.7%	$3.09	—	COM	68236X100
MPC	MARATHON PETE CORP	2,264 (-45.5%)	$579K (-43.0%)	0.5%	$186.40	—	COM	56585A102
CAPR	CAPRICOR THERAPEUTICS INC	1 (-100.0%)	$24 (-100.0%)	0.0%	$24.88	—	COM NEW	14070B309
JBS	JBS N.V.	674 (-96.8%)	$7,987 (-97.9%)	0.0%	$14.38	—	CL A SHS	N4732M103
CRIS	CURIS INC	10,001 (-98.5%)	$5,222 (-98.6%)	0.0%	$0.98	—	COM	231269309
DC	DAKOTA GOLD CORP	581 (-99.2%)	$2,475 (-99.3%)	0.0%	$6.17	—	COM	46655E100
MRX	MAREX GROUP PLC	10,324 (-49.2%)	$629K (-30.5%)	0.5%	$33.95	—	ORD	G5S37H101
INMB	INMUNE BIO INC	100 (-99.9%)	$163 (-99.9%)	0.0%	$1.78	—	COM	45782T105
PROF	PROFOUND MED CORP	208,369 (-13.4%)	$1.386M (-11.2%)	1.1%	$7.12	—	COM NEW	74319B502
CGTX	COGNITION THERAPEUTICS INC	371,701 (-13.8%)	$427K (+30.6%)	0.3%	$1.62	—	COM	19243B102
TVA	TEXAS VENTURES ACQUISITION I	805 (-80.0%)	$8,493 (-79.7%)	0.0%	$10.54	—	USD CL A ORD SHS	G8772L105
AEM	AGNICO EAGLE MINES LTD	165 (-39.3%)	$25,596 (-53.6%)	0.0%	$132.10	—	COM	008474108

Unchanged Positions (5)

AEXA AMERICAN EXCEPTIONALISM ACQU 0.0%

Value $7,919 Shares 670 Est. Cost $11.23 Unrealized —

RTAC RENATUS TACTICAL ACQUIS 0.0%

Value $19,000 Shares 1,813 Est. Cost $11.29 Unrealized —

— DOUBLELINE INCOME SOLUTIONS 0.0%

Value $3,606 Shares 326 Est. Cost $12.24 Unrealized —

NWAX/U NEW AMER ACQUISITION I CORP 0.0%

Value $1,792 Shares 172 Est. Cost $10.41 Unrealized —

NAK NORTHERN DYNASTY MINERALS LT 0.0%

Value $2 Shares 1 Est. Cost $0.45 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AEXA	AMERICAN EXCEPTIONALISM ACQU	670	$7,919	0.0%	$11.23	—	ORD CL A	G0273J101
RTAC	RENATUS TACTICAL ACQUIS	1,813	$19,000	0.0%	$11.29	—	SHS CL A	G7490F101
—	DOUBLELINE INCOME SOLUTIONS	326	$3,606	0.0%	$12.24	—	COM	258622109
NWAX/U	NEW AMER ACQUISITION I CORP	172	$1,792	0.0%	$10.41	—	UNIT 99/99/9999	023634207
NAK	NORTHERN DYNASTY MINERALS LT	1	$2	0.0%	$0.45	—	COM NEW	66510M204