PKO Investment Management Joint-Stock Co Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	69,000	$21,652	1.7%	$286.33	0.0%	CAP STK CL C	02079K107
CSX	CSX CORP	70,000	$2,538	0.2%	$35.70	0.0%	COM	126408103
INSM	INSMED INC	11,300	$1,967	0.2%	$182.48	0.0%	COM PAR $.01	457669307
WMT	WALMART INC	17,020	$1,896	0.2%	$107.20	0.0%	COM	931142103
PM	PHILIP MORRIS INTL INC	11,475	$1,841	0.1%	$153.57	0.0%	COM	718172109
CL	COLGATE PALMOLIVE CO	22,740	$1,797	0.1%	$78.31	0.0%	COM	194162103
MO	ALTRIA GROUP INC	30,803	$1,776	0.1%	$59.36	0.0%	COM	02209S103
PG	PROCTER AND GAMBLE CO	12,123	$1,737	0.1%	$147.17	0.0%	COM	742718109
KO	COCA COLA CO	24,809	$1,734	0.1%	$69.40	0.0%	COM	191216100
TRI	THOMSON REUTERS CORP	13,000	$1,719	0.1%	$141.15	0.0%	COM	884903808
TTWO	TAKE-TWO INTERACTIVE SOFTWAR	6,000	$1,536	0.1%	$249.31	0.0%	COM	874054109
PCAR	PACCAR INC	14,000	$1,533	0.1%	$101.22	0.0%	COM	693718108
NOW	SERVICENOW INC	10,000	$1,532	0.1%	$171.54	0.0%	COM	81762P102
XEL	XCEL ENERGY INC	20,000	$1,477	0.1%	$78.29	0.0%	COM	98389B100
MPWR	MONOLITHIC PWR SYS INC	1,500	$1,360	0.1%	$960.73	0.0%	COM	609839105
SA	SEABRIDGE GOLD INC	45,000	$1,336	0.1%	$26.29	0.0%	COM	811916105
ZS	ZSCALER INC	5,000	$1,125	0.1%	$282.25	0.0%	COM	98980G102
WDC	WESTERN DIGITAL CORP	6,000	$1,034	0.1%	$151.55	0.0%	COM	958102105
VIK	VIKING HOLDINGS LTD	11,000	$786	0.1%	$63.81	0.0%	ORD SHS	G93A5A101
NIO	NIO INC	60,000	$306	0.0%	$5.10	—	SPON ADS	62914V106
UTHR	UNITED THERAPEUTICS CORP DEL	500	$244	0.0%	$465.69	0.0%	COM	91307C102
INCY	INCYTE CORP	2,100	$207	0.0%	$96.76	0.0%	COM	45337C102
NBIX	NEUROCRINE BIOSCIENCES INC	1,300	$184	0.0%	$144.87	0.0%	COM	64125C109
UHS	UNIVERSAL HLTH SVCS INC	700	$153	0.0%	$220.94	0.0%	CL B	913903100

Increased Positions (74)

NVDA NVIDIA CORPORATION 5.6%

Value ($000) $69,937 (+12.9%) Shares 375,000 (+13.0%) Est. Cost $129.96 Unrealized +43.2%

IVV ISHARES TR 11.6%

Value ($000) $144,937 (+5.5%) Shares 211,605 (+3.1%) Est. Cost $469.86 Unrealized —

PAAS PAN AMERN SILVER CORP 1.0%

Value ($000) $11,986 (+118.9%) Shares 230,774 (+63.4%) Est. Cost $27.32 Unrealized +53.2%

MU MICRON TECHNOLOGY INC 0.9%

Value ($000) $11,131 (+121.8%) Shares 39,000 (+30.0%) Est. Cost $137.30 Unrealized +67.0%

META META PLATFORMS INC 2.1%

Value ($000) $26,404 (+19.8%) Shares 40,000 (+33.3%) Est. Cost $559.79 Unrealized +19.2%

LRCX LAM RESEARCH CORP 0.5%

Value ($000) $6,847 (+104.5%) Shares 40,000 (+60.0%) Est. Cost $105.12 Unrealized +47.8%

MSFT MICROSOFT CORP 4.3%

Value ($000) $54,165 (-4.9%) Shares 112,000 (+1.8%) Est. Cost $378.04 Unrealized +32.4%

MDLZ MONDELEZ INTL INC 0.4%

Value ($000) $5,440 (+85.3%) Shares 101,066 (+115.0%) Est. Cost $60.82 Unrealized -6.2%

KGC KINROSS GOLD CORP 1.1%

Value ($000) $13,624 (+21.9%) Shares 482,806 (+7.3%) Est. Cost $5.74 Unrealized +352.9%

CSCO CISCO SYS INC 0.7%

Value ($000) $8,858 (+36.3%) Shares 115,000 (+21.1%) Est. Cost $60.90 Unrealized +21.2%

ALNY ALNYLAM PHARMACEUTICALS INC 0.2%

Value ($000) $2,704 (+641.2%) Shares 6,800 (+750.0%) Est. Cost $438.40 Unrealized +0.9%

RGLD ROYAL GOLD INC 0.5%

Value ($000) $6,499 (+53.2%) Shares 29,237 (+38.2%) Est. Cost $130.74 Unrealized +51.7%

KLAC KLA CORP 0.4%

Value ($000) $4,860 (+80.2%) Shares 4,000 (+60.0%) Est. Cost $873.23 Unrealized +34.2%

EQX EQUINOX GOLD CORP 0.4%

Value ($000) $4,821 (+77.4%) Shares 342,387 (+41.3%) Est. Cost $9.78 Unrealized +29.1%

MSTR MICROSTRATEGY INC 0.2%

Value ($000) $2,735 (-43.4%) Shares 18,000 (+20.0%) Est. Cost $343.79 Unrealized -33.0%

COST COSTCO WHSL CORP NEW 1.3%

Value ($000) $16,394 (+14.3%) Shares 19,011 (+22.7%) Est. Cost $945.59 Unrealized -4.2%

AG FIRST MAJESTIC SILVER CORP 0.3%

Value ($000) $3,986 (+104.7%) Shares 238,500 (+50.5%) Est. Cost $11.62 Unrealized +19.6%

IEMG ISHARES INC 0.5%

Value ($000) $6,822 (+41.8%) Shares 101,495 (+39.0%) Est. Cost $56.93 Unrealized —

IAG IAMGOLD CORP 0.4%

Value ($000) $4,464 (+81.7%) Shares 270,000 (+42.1%) Est. Cost $6.05 Unrealized +132.9%

GFI GOLD FIELDS LTD 1.1%

Value ($000) $13,949 (+16.4%) Shares 319,496 (+11.9%) Est. Cost $16.51 Unrealized —

MAR MARRIOTT INTL INC NEW 0.4%

Value ($000) $5,057 (+57.9%) Shares 16,300 (+32.5%) Est. Cost $169.13 Unrealized +68.7%

PEP PEPSICO INC 0.7%

Value ($000) $8,226 (+27.3%) Shares 57,314 (+24.6%) Est. Cost $138.38 Unrealized +5.4%

TSLA TESLA INC 2.1%

Value ($000) $26,444 (+7.0%) Shares 58,800 (+5.9%) Est. Cost $291.32 Unrealized +52.2%

HL HECLA MNG CO 0.3%

Value ($000) $4,270 (+67.6%) Shares 222,500 (+5.7%) Est. Cost $6.14 Unrealized +148.6%

NGD NEW GOLD INC CDA 0.3%

Value ($000) $3,553 (+85.6%) Shares 407,000 (+52.4%) Est. Cost $4.21 Unrealized +78.8%

IWM ISHARES TR 0.7%

Value ($000) $9,362 (+20.9%) Shares 38,033 (+18.9%) Est. Cost $227.72 Unrealized —

FANG DIAMONDBACK ENERGY INC 0.2%

Value ($000) $2,180 (+162.6%) Shares 14,500 (+150.0%) Est. Cost $135.23 Unrealized +8.7%

TMUS T MOBILE US INC 0.8%

Value ($000) $10,558 (+13.1%) Shares 52,000 (+33.3%) Est. Cost $233.94 Unrealized -9.7%

PLTR PALANTIR TECHNOLOGIES INC 1.1%

Value ($000) $13,331 (+9.1%) Shares 75,000 (+11.9%) Est. Cost $117.32 Unrealized +54.3%

NFLX NETFLIX INC 1.4%

Value ($000) $17,814 (+6.1%) Shares 190,000 (+1257.1%) Est. Cost $106.98 Unrealized +0.8%

PANW PALO ALTO NETWORKS INC 0.4%

Value ($000) $4,605 (+25.6%) Shares 25,000 (+38.9%) Est. Cost $186.85 Unrealized +8.0%

ADSK AUTODESK INC 0.1%

Value ($000) $1,776 (+99.7%) Shares 6,000 (+114.3%) Est. Cost $303.57 Unrealized -0.3%

PDD PDD HOLDINGS INC 0.2%

Value ($000) $2,835 (+43.0%) Shares 25,000 (+66.7%) Est. Cost $124.66 Unrealized —

ADI ANALOG DEVICES INC 0.3%

Value ($000) $3,254 (+32.5%) Shares 12,000 (+20.0%) Est. Cost $220.39 Unrealized +13.7%

CRWD CROWDSTRIKE HLDGS INC 0.3%

Value ($000) $4,219 (+22.9%) Shares 9,000 (+28.6%) Est. Cost $466.87 Unrealized +9.1%

SNPS SYNOPSYS INC 0.3%

Value ($000) $3,993 (+24.5%) Shares 8,500 (+30.8%) Est. Cost $536.81 Unrealized -17.2%

AGI ALAMOS GOLD INC NEW 0.5%

Value ($000) $6,267 (+13.7%) Shares 162,000 (+2.5%) Est. Cost $10.68 Unrealized +226.2%

EEM ISHARES TR 0.7%

Value ($000) $8,599 (+9.0%) Shares 157,182 (+6.4%) Est. Cost $47.06 Unrealized —

APP APPLOVIN CORP 0.5%

Value ($000) $5,727 (+13.9%) Shares 8,500 (+21.4%) Est. Cost $394.99 Unrealized +59.5%

HMY HARMONY GOLD MINING CO LTD 0.4%

Value ($000) $4,511 (+17.4%) Shares 226,700 (+7.1%) Est. Cost $3.97 Unrealized —

MELI MERCADOLIBRE INC 0.5%

Value ($000) $6,446 (+10.3%) Shares 3,200 (+28.0%) Est. Cost $2136.56 Unrealized -1.7%

ORLY OREILLY AUTOMOTIVE INC 0.2%

Value ($000) $2,736 (+26.9%) Shares 30,000 (+50.0%) Est. Cost $99.58 Unrealized -1.9%

GILD GILEAD SCIENCES INC 0.4%

Value ($000) $4,787 (+13.5%) Shares 39,000 (+2.6%) Est. Cost $108.76 Unrealized +11.1%

FNV FRANCO NEV CORP 1.2%

Value ($000) $14,519 (+3.9%) Shares 69,914 (+11.4%) Est. Cost $142.50 Unrealized +42.3%

DASH DOORDASH INC 0.2%

Value ($000) $2,944 (+20.3%) Shares 13,000 (+44.4%) Est. Cost $245.82 Unrealized -4.6%

FTNT FORTINET INC 0.2%

Value ($000) $2,144 (+27.5%) Shares 27,000 (+35.0%) Est. Cost $87.60 Unrealized -5.3%

BVN COMPANIA DE MINAS BUENAVENTU 0.2%

Value ($000) $2,447 (+22.8%) Shares 87,942 (+7.3%) Est. Cost $9.72 Unrealized —

IDXX IDEXX LABS INC 0.2%

Value ($000) $2,097 (+26.3%) Shares 3,100 (+19.2%) Est. Cost $582.62 Unrealized +16.9%

ARM ARM HOLDINGS PLC 0.2%

Value ($000) $2,733 (+13.6%) Shares 25,000 (+47.1%) Est. Cost $131.19 Unrealized —

TECK TECK RESOURCES LTD 0.1%

Value ($000) $908 (+48.5%) Shares 18,924 (+35.9%) Est. Cost $34.77 Unrealized +24.6%

STLD STEEL DYNAMICS INC 0.1%

Value ($000) $898 (+43.1%) Shares 5,300 (+17.8%) Est. Cost $120.44 Unrealized +31.5%

CVS CVS HEALTH CORP 0.2%

Value ($000) $2,762 (+10.0%) Shares 34,800 (+4.5%) Est. Cost $68.23 Unrealized +15.3%

MCK MCKESSON CORP 0.1%

Value ($000) $1,312 (+21.3%) Shares 1,600 (+14.3%) Est. Cost $684.42 Unrealized +19.2%

HCA HCA HEALTHCARE INC 0.1%

Value ($000) $910 (+25.6%) Shares 1,950 (+14.7%) Est. Cost $337.87 Unrealized +37.2%

COR CENCORA INC 0.1%

Value ($000) $811 (+29.7%) Shares 2,400 (+20.0%) Est. Cost $301.35 Unrealized +13.0%

RMD RESMED INC 0.1%

Value ($000) $723 (+32.0%) Shares 3,000 (+50.0%) Est. Cost $266.63 Unrealized -4.2%

COP CONOCOPHILLIPS 0.3%

Value ($000) $3,222 (+5.7%) Shares 34,419 (+6.8%) Est. Cost $83.61 Unrealized +7.7%

CI THE CIGNA GROUP 0.2%

Value ($000) $3,110 (+5.8%) Shares 11,300 (+10.8%) Est. Cost $285.95 Unrealized -2.3%

TPL TEXAS PACIFIC LAND CORPORATI 0.0%

Value ($000) $457 (-22.4%) Shares 1,590 (+152.4%) Est. Cost $265.31 Unrealized +15.0%

OR OR ROYALTIES INC. 0.2%

Value ($000) $2,300 (-4.1%) Shares 64,800 (+8.4%) Est. Cost $24.94 Unrealized +40.5%

ZBH ZIMMER BIOMET HOLDINGS INC 0.0%

Value ($000) $333 (+35.1%) Shares 3,700 (+48.0%) Est. Cost $97.29 Unrealized -2.8%

EQT EQT CORP 0.1%

Value ($000) $879 (+9.9%) Shares 16,400 (+11.6%) Est. Cost $36.47 Unrealized +53.9%

LH LABCORP HOLDINGS INC 0.0%

Value ($000) $251 (+45.7%) Shares 1,000 (+66.7%) Est. Cost $266.12 Unrealized -0.4%

CVX CHEVRON CORP NEW 0.6%

Value ($000) $7,879 (+0.9%) Shares 51,695 (+2.8%) Est. Cost $115.56 Unrealized +31.0%

WYNN WYNN RESORTS LTD 0.1%

Value ($000) $1,083 (+5.5%) Shares 9,000 (+12.5%) Est. Cost $107.28 Unrealized +15.2%

SYK STRYKER CORPORATION 0.2%

Value ($000) $1,933 (+2.5%) Shares 5,500 (+7.8%) Est. Cost $354.52 Unrealized +2.5%

ROP ROPER TECHNOLOGIES INC 0.4%

Value ($000) $4,451 (-0.8%) Shares 10,000 (+11.1%) Est. Cost $542.91 Unrealized -14.9%

BTG B2GOLD CORP 0.2%

Value ($000) $2,075 (-1.3%) Shares 460,000 (+8.2%) Est. Cost $3.31 Unrealized +41.0%

ADP AUTOMATIC DATA PROCESSING IN 0.5%

Value ($000) $6,431 (-0.4%) Shares 25,000 (+13.6%) Est. Cost $294.35 Unrealized -10.0%

VEEV VEEVA SYS INC 0.0%

Value ($000) $603 (-3.7%) Shares 2,700 (+28.6%) Est. Cost $249.36 Unrealized +6.4%

CDE COEUR MNG INC 0.3%

Value ($000) $4,055 (+0.3%) Shares 227,419 (+5.6%) Est. Cost $4.67 Unrealized +272.5%

EXC EXELON CORP 0.1%

Value ($000) $1,744 (-0.7%) Shares 40,000 (+2.6%) Est. Cost $43.42 Unrealized +4.7%

ADM ARCHER DANIELS MIDLAND CO 0.1%

Value ($000) $839 (-0.4%) Shares 14,600 (+3.5%) Est. Cost $71.73 Unrealized -17.1%

BSX BOSTON SCIENTIFIC CORP 0.2%

Value ($000) $2,145 (-0.1%) Shares 22,500 (+2.3%) Est. Cost $88.31 Unrealized +11.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	375,000 (+13.0%)	$69,937 (+12.9%)	5.6%	$129.96	+43.2%	COM	67066G104
IVV	ISHARES TR	211,605 (+3.1%)	$144,937 (+5.5%)	11.6%	$469.86	—	CORE S&P500 ETF	464287200
PAAS	PAN AMERN SILVER CORP	230,774 (+63.4%)	$11,986 (+118.9%)	1.0%	$27.32	+53.2%	COM	697900108
MU	MICRON TECHNOLOGY INC	39,000 (+30.0%)	$11,131 (+121.8%)	0.9%	$137.30	+67.0%	COM	595112103
META	META PLATFORMS INC	40,000 (+33.3%)	$26,404 (+19.8%)	2.1%	$559.79	+19.2%	CL A	30303M102
LRCX	LAM RESEARCH CORP	40,000 (+60.0%)	$6,847 (+104.5%)	0.5%	$105.12	+47.8%	COM	512807306
MSFT	MICROSOFT CORP	112,000 (+1.8%)	$54,165 (-4.9%)	4.3%	$378.04	+32.4%	COM	594918104
MDLZ	MONDELEZ INTL INC	101,066 (+115.0%)	$5,440 (+85.3%)	0.4%	$60.82	-6.2%	CL A	609207105
KGC	KINROSS GOLD CORP	482,806 (+7.3%)	$13,624 (+21.9%)	1.1%	$5.74	+352.9%	COM	496902404
CSCO	CISCO SYS INC	115,000 (+21.1%)	$8,858 (+36.3%)	0.7%	$60.90	+21.2%	COM	17275R102
ALNY	ALNYLAM PHARMACEUTICALS INC	6,800 (+750.0%)	$2,704 (+641.2%)	0.2%	$438.40	+0.9%	COM	02043Q107
RGLD	ROYAL GOLD INC	29,237 (+38.2%)	$6,499 (+53.2%)	0.5%	$130.74	+51.7%	COM	780287108
KLAC	KLA CORP	4,000 (+60.0%)	$4,860 (+80.2%)	0.4%	$873.23	+34.2%	COM NEW	482480100
EQX	EQUINOX GOLD CORP	342,387 (+41.3%)	$4,821 (+77.4%)	0.4%	$9.78	+29.1%	COM	29446Y502
MSTR	MICROSTRATEGY INC	18,000 (+20.0%)	$2,735 (-43.4%)	0.2%	$343.79	-33.0%	CL A NEW	594972408
COST	COSTCO WHSL CORP NEW	19,011 (+22.7%)	$16,394 (+14.3%)	1.3%	$945.59	-4.2%	COM	22160K105
AG	FIRST MAJESTIC SILVER CORP	238,500 (+50.5%)	$3,986 (+104.7%)	0.3%	$11.62	+19.6%	COM	32076V103
IEMG	ISHARES INC	101,495 (+39.0%)	$6,822 (+41.8%)	0.5%	$56.93	—	CORE MSCI EMKT	46434G103
IAG	IAMGOLD CORP	270,000 (+42.1%)	$4,464 (+81.7%)	0.4%	$6.05	+132.9%	COM	450913108
GFI	GOLD FIELDS LTD	319,496 (+11.9%)	$13,949 (+16.4%)	1.1%	$16.51	—	SPONSORED ADR	38059T106
MAR	MARRIOTT INTL INC NEW	16,300 (+32.5%)	$5,057 (+57.9%)	0.4%	$169.13	+68.7%	CL A	571903202
PEP	PEPSICO INC	57,314 (+24.6%)	$8,226 (+27.3%)	0.7%	$138.38	+5.4%	COM	713448108
TSLA	TESLA INC	58,800 (+5.9%)	$26,444 (+7.0%)	2.1%	$291.32	+52.2%	COM	88160R101
HL	HECLA MNG CO	222,500 (+5.7%)	$4,270 (+67.6%)	0.3%	$6.14	+148.6%	COM	422704106
NGD	NEW GOLD INC CDA	407,000 (+52.4%)	$3,553 (+85.6%)	0.3%	$4.21	+78.8%	COM	644535106
IWM	ISHARES TR	38,033 (+18.9%)	$9,362 (+20.9%)	0.7%	$227.72	—	RUSSELL 2000 ETF	464287655
FANG	DIAMONDBACK ENERGY INC	14,500 (+150.0%)	$2,180 (+162.6%)	0.2%	$135.23	+8.7%	COM	25278X109
TMUS	T MOBILE US INC	52,000 (+33.3%)	$10,558 (+13.1%)	0.8%	$233.94	-9.7%	COM	872590104
PLTR	PALANTIR TECHNOLOGIES INC	75,000 (+11.9%)	$13,331 (+9.1%)	1.1%	$117.32	+54.3%	CL A	69608A108
NFLX	NETFLIX INC	190,000 (+1257.1%)	$17,814 (+6.1%)	1.4%	$106.98	+0.8%	COM	64110L106
PANW	PALO ALTO NETWORKS INC	25,000 (+38.9%)	$4,605 (+25.6%)	0.4%	$186.85	+8.0%	COM	697435105
ADSK	AUTODESK INC	6,000 (+114.3%)	$1,776 (+99.7%)	0.1%	$303.57	-0.3%	COM	052769106
PDD	PDD HOLDINGS INC	25,000 (+66.7%)	$2,835 (+43.0%)	0.2%	$124.66	—	SPONSORED ADS	722304102
ADI	ANALOG DEVICES INC	12,000 (+20.0%)	$3,254 (+32.5%)	0.3%	$220.39	+13.7%	COM	032654105
CRWD	CROWDSTRIKE HLDGS INC	9,000 (+28.6%)	$4,219 (+22.9%)	0.3%	$466.87	+9.1%	CL A	22788C105
SNPS	SYNOPSYS INC	8,500 (+30.8%)	$3,993 (+24.5%)	0.3%	$536.81	-17.2%	COM	871607107
AGI	ALAMOS GOLD INC NEW	162,000 (+2.5%)	$6,267 (+13.7%)	0.5%	$10.68	+226.2%	COM CL A	011532108
EEM	ISHARES TR	157,182 (+6.4%)	$8,599 (+9.0%)	0.7%	$47.06	—	MSCI EMG MKT ETF	464287234
APP	APPLOVIN CORP	8,500 (+21.4%)	$5,727 (+13.9%)	0.5%	$394.99	+59.5%	COM CL A	03831W108
HMY	HARMONY GOLD MINING CO LTD	226,700 (+7.1%)	$4,511 (+17.4%)	0.4%	$3.97	—	SPONSORED ADR	413216300
MELI	MERCADOLIBRE INC	3,200 (+28.0%)	$6,446 (+10.3%)	0.5%	$2136.56	-1.7%	COM	58733R102
ORLY	OREILLY AUTOMOTIVE INC	30,000 (+50.0%)	$2,736 (+26.9%)	0.2%	$99.58	-1.9%	COM	67103H107
GILD	GILEAD SCIENCES INC	39,000 (+2.6%)	$4,787 (+13.5%)	0.4%	$108.76	+11.1%	COM	375558103
FNV	FRANCO NEV CORP	69,914 (+11.4%)	$14,519 (+3.9%)	1.2%	$142.50	+42.3%	COM	351858105
DASH	DOORDASH INC	13,000 (+44.4%)	$2,944 (+20.3%)	0.2%	$245.82	-4.6%	CL A	25809K105
FTNT	FORTINET INC	27,000 (+35.0%)	$2,144 (+27.5%)	0.2%	$87.60	-5.3%	COM	34959E109
BVN	COMPANIA DE MINAS BUENAVENTU	87,942 (+7.3%)	$2,447 (+22.8%)	0.2%	$9.72	—	SPONSORED ADR	204448104
IDXX	IDEXX LABS INC	3,100 (+19.2%)	$2,097 (+26.3%)	0.2%	$582.62	+16.9%	COM	45168D104
ARM	ARM HOLDINGS PLC	25,000 (+47.1%)	$2,733 (+13.6%)	0.2%	$131.19	—	SPONSORED ADS	042068205
TECK	TECK RESOURCES LTD	18,924 (+35.9%)	$908 (+48.5%)	0.1%	$34.77	+24.6%	CL B	878742204
STLD	STEEL DYNAMICS INC	5,300 (+17.8%)	$898 (+43.1%)	0.1%	$120.44	+31.5%	COM	858119100
CVS	CVS HEALTH CORP	34,800 (+4.5%)	$2,762 (+10.0%)	0.2%	$68.23	+15.3%	COM	126650100
MCK	MCKESSON CORP	1,600 (+14.3%)	$1,312 (+21.3%)	0.1%	$684.42	+19.2%	COM	58155Q103
HCA	HCA HEALTHCARE INC	1,950 (+14.7%)	$910 (+25.6%)	0.1%	$337.87	+37.2%	COM	40412C101
COR	CENCORA INC	2,400 (+20.0%)	$811 (+29.7%)	0.1%	$301.35	+13.0%	COM	03073E105
RMD	RESMED INC	3,000 (+50.0%)	$723 (+32.0%)	0.1%	$266.63	-4.2%	COM	761152107
COP	CONOCOPHILLIPS	34,419 (+6.8%)	$3,222 (+5.7%)	0.3%	$83.61	+7.7%	COM	20825C104
CI	THE CIGNA GROUP	11,300 (+10.8%)	$3,110 (+5.8%)	0.2%	$285.95	-2.3%	COM	125523100
TPL	TEXAS PACIFIC LAND CORPORATI	1,590 (+152.4%)	$457 (-22.4%)	0.0%	$265.31	+15.0%	COM	88262P102
OR	OR ROYALTIES INC.	64,800 (+8.4%)	$2,300 (-4.1%)	0.2%	$24.94	+40.5%	COM SHS	68390D106
ZBH	ZIMMER BIOMET HOLDINGS INC	3,700 (+48.0%)	$333 (+35.1%)	0.0%	$97.29	-2.8%	COM	98956P102
EQT	EQT CORP	16,400 (+11.6%)	$879 (+9.9%)	0.1%	$36.47	+53.9%	COM	26884L109
LH	LABCORP HOLDINGS INC	1,000 (+66.7%)	$251 (+45.7%)	0.0%	$266.12	-0.4%	COM SHS	504922105
CVX	CHEVRON CORP NEW	51,695 (+2.8%)	$7,879 (+0.9%)	0.6%	$115.56	+31.0%	COM	166764100
WYNN	WYNN RESORTS LTD	9,000 (+12.5%)	$1,083 (+5.5%)	0.1%	$107.28	+15.2%	COM	983134107
SYK	STRYKER CORPORATION	5,500 (+7.8%)	$1,933 (+2.5%)	0.2%	$354.52	+2.5%	COM	863667101
ROP	ROPER TECHNOLOGIES INC	10,000 (+11.1%)	$4,451 (-0.8%)	0.4%	$542.91	-14.9%	COM	776696106
BTG	B2GOLD CORP	460,000 (+8.2%)	$2,075 (-1.3%)	0.2%	$3.31	+41.0%	COM	11777Q209
ADP	AUTOMATIC DATA PROCESSING IN	25,000 (+13.6%)	$6,431 (-0.4%)	0.5%	$294.35	-10.0%	COM	053015103
VEEV	VEEVA SYS INC	2,700 (+28.6%)	$603 (-3.7%)	0.0%	$249.36	+6.4%	CL A COM	922475108
CDE	COEUR MNG INC	227,419 (+5.6%)	$4,055 (+0.3%)	0.3%	$4.67	+272.5%	COM NEW	192108504
EXC	EXELON CORP	40,000 (+2.6%)	$1,744 (-0.7%)	0.1%	$43.42	+4.7%	COM	30161N101
ADM	ARCHER DANIELS MIDLAND CO	14,600 (+3.5%)	$839 (-0.4%)	0.1%	$71.73	-17.1%	COM	039483102
BSX	BOSTON SCIENTIFIC CORP	22,500 (+2.3%)	$2,145 (-0.1%)	0.2%	$88.31	+11.0%	COM	101137107

Exited Positions (8)

LULU LULULEMON ATHLETICA INC 0.2%

Value ($000) $3,025 Shares 17,000 Est. Cost $322.13 Unrealized -43.8%

ON ON SEMICONDUCTOR CORP 0.2%

Value ($000) $2,959 Shares 60,000 Est. Cost $64.73 Unrealized -20.8%

— SANDSTORM GOLD LTD 0.1%

Value ($000) $1,220 Shares 97,400 Est. Cost $5.80 Unrealized —

CGAU CENTERRA GOLD INC 0.1%

Value ($000) $847 Shares 79,000 Est. Cost $6.27 Unrealized +99.7%

DRD DRDGOLD LIMITED 0.1%

Value ($000) $795 Shares 28,814 Est. Cost $9.46 Unrealized —

AAUC ALLIED GOLD CORP 0.1%

Value ($000) $647 Shares 37,000 Est. Cost $12.69 Unrealized +51.8%

CRL CHARLES RIV LABS INTL INC 0.0%

Value ($000) $266 Shares 1,700 Est. Cost $167.66 Unrealized +8.2%

HOLX HOLOGIC INC 0.0%

Value ($000) $236 Shares 3,500 Est. Cost $66.38 Unrealized +10.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LULU	LULULEMON ATHLETICA INC	17,000	$3,025	0.2%	$322.13	-43.8%	—	550021109
ON	ON SEMICONDUCTOR CORP	60,000	$2,959	0.2%	$64.73	-20.8%	—	682189105
—	SANDSTORM GOLD LTD	97,400	$1,220	0.1%	$5.80	—	—	80013R206
CGAU	CENTERRA GOLD INC	79,000	$847	0.1%	$6.27	+99.7%	—	152006102
DRD	DRDGOLD LIMITED	28,814	$795	0.1%	$9.46	—	—	26152H301
AAUC	ALLIED GOLD CORP	37,000	$647	0.1%	$12.69	+51.8%	—	01921D204
CRL	CHARLES RIV LABS INTL INC	1,700	$266	0.0%	$167.66	+8.2%	—	159864107
HOLX	HOLOGIC INC	3,500	$236	0.0%	$66.38	+10.1%	—	436440101

Decreased Positions (61)

GOOGL ALPHABET INC 1.9%

Value ($000) $24,414 (-27.2%) Shares 78,000 (-43.5%) Est. Cost $154.11 Unrealized +85.3%

ISRG INTUITIVE SURGICAL INC 0.6%

Value ($000) $8,099 (-37.8%) Shares 14,300 (-50.9%) Est. Cost $508.55 Unrealized +4.7%

WPM WHEATON PRECIOUS METALS CORP 1.3%

Value ($000) $16,240 (-20.4%) Shares 137,891 (-24.3%) Est. Cost $39.10 Unrealized +173.8%

UNH UNITEDHEALTH GROUP INC 0.4%

Value ($000) $5,080 (-40.4%) Shares 15,389 (-37.6%) Est. Cost $394.03 Unrealized -14.4%

ABBV ABBVIE INC 0.4%

Value ($000) $5,255 (-36.2%) Shares 23,000 (-35.4%) Est. Cost $157.32 Unrealized +44.6%

AMGN AMGEN INC 0.6%

Value ($000) $8,019 (-26.5%) Shares 24,500 (-36.6%) Est. Cost $277.08 Unrealized +14.0%

AMD ADVANCED MICRO DEVICES INC 1.0%

Value ($000) $12,207 (+30.1%) Shares 57,000 (-1.7%) Est. Cost $137.98 Unrealized +62.8%

JNJ JOHNSON & JOHNSON 0.5%

Value ($000) $5,795 (-30.8%) Shares 28,000 (-38.0%) Est. Cost $147.78 Unrealized +33.3%

MRK MERCK & CO INC 0.3%

Value ($000) $3,474 (-42.4%) Shares 33,000 (-54.1%) Est. Cost $81.08 Unrealized +15.0%

REGN REGENERON PHARMACEUTICALS 0.3%

Value ($000) $3,744 (-40.6%) Shares 4,850 (-56.7%) Est. Cost $752.34 Unrealized -9.8%

ABT ABBOTT LABS 0.2%

Value ($000) $3,007 (-42.5%) Shares 24,000 (-38.6%) Est. Cost $121.91 Unrealized +4.4%

AVGO BROADCOM INC 2.5%

Value ($000) $31,149 (-5.6%) Shares 90,000 (-10.0%) Est. Cost $208.61 Unrealized +71.1%

HON HONEYWELL INTL INC 0.4%

Value ($000) $5,267 (-24.2%) Shares 27,000 (-18.2%) Est. Cost $203.16 Unrealized -4.0%

AXON AXON ENTERPRISE INC 0.2%

Value ($000) $2,499 (-38.9%) Shares 4,400 (-22.8%) Est. Cost $758.81 Unrealized -18.2%

CRM SALESFORCE INC 0.1%

Value ($000) $1,854 (-44.1%) Shares 7,000 (-50.0%) Est. Cost $295.34 Unrealized -16.0%

AMAT APPLIED MATLS INC 0.5%

Value ($000) $6,168 (-16.3%) Shares 24,000 (-33.3%) Est. Cost $179.86 Unrealized +33.2%

VOO VANGUARD INDEX FDS 2.4%

Value ($000) $30,578 (-3.5%) Shares 48,758 (-5.8%) Est. Cost $436.11 Unrealized —

AAPL APPLE INC 4.0%

Value ($000) $50,566 (+1.8%) Shares 186,000 (-4.6%) Est. Cost $196.93 Unrealized +36.3%

NEM NEWMONT CORP 2.3%

Value ($000) $28,752 (+3.2%) Shares 287,953 (-12.9%) Est. Cost $44.62 Unrealized +102.1%

QCOM QUALCOMM INC 0.5%

Value ($000) $6,500 (-11.2%) Shares 38,000 (-13.6%) Est. Cost $141.19 Unrealized +21.0%

VRTX VERTEX PHARMACEUTICALS INC 0.4%

Value ($000) $5,078 (+12.7%) Shares 11,200 (-2.6%) Est. Cost $459.77 Unrealized -6.3%

ABNB AIRBNB INC 0.1%

Value ($000) $1,493 (-27.7%) Shares 11,000 (-35.3%) Est. Cost $129.37 Unrealized -3.7%

BIIB BIOGEN INC 0.0%

Value ($000) $352 (-58.1%) Shares 2,000 (-66.7%) Est. Cost $223.14 Unrealized -26.8%

AEP AMERICAN ELEC PWR CO INC 0.1%

Value ($000) $1,268 (-26.3%) Shares 11,000 (-28.1%) Est. Cost $108.19 Unrealized +8.8%

CEG CONSTELLATION ENERGY CORP 0.3%

Value ($000) $3,886 (-9.2%) Shares 11,000 (-15.4%) Est. Cost $296.55 Unrealized +22.5%

CCL CARNIVAL CORP 0.2%

Value ($000) $2,138 (-13.0%) Shares 70,000 (-17.6%) Est. Cost $22.51 Unrealized +23.9%

EOG EOG RES INC 0.1%

Value ($000) $1,334 (-18.0%) Shares 12,700 (-12.4%) Est. Cost $105.75 Unrealized +1.4%

ELV ELEVANCE HEALTH INC 0.1%

Value ($000) $1,227 (-19.2%) Shares 3,500 (-25.5%) Est. Cost $411.47 Unrealized -18.2%

DHR DANAHER CORPORATION 0.2%

Value ($000) $1,992 (-12.6%) Shares 8,700 (-24.3%) Est. Cost $240.99 Unrealized -8.9%

TPR TAPESTRY INC 0.1%

Value ($000) $1,661 (-13.7%) Shares 13,000 (-23.5%) Est. Cost $37.67 Unrealized +202.7%

HLT HILTON WORLDWIDE HLDGS INC 0.2%

Value ($000) $3,016 (-7.7%) Shares 10,500 (-16.7%) Est. Cost $125.56 Unrealized +116.8%

FCX FREEPORT-MCMORAN INC 0.2%

Value ($000) $2,311 (+11.8%) Shares 45,500 (-13.7%) Est. Cost $33.99 Unrealized +27.4%

PFE PFIZER INC 0.2%

Value ($000) $2,067 (-9.9%) Shares 83,000 (-7.8%) Est. Cost $30.44 Unrealized -17.7%

BMRN BIOMARIN PHARMACEUTICAL INC 0.0%

Value ($000) $267 (-45.1%) Shares 4,500 (-50.0%) Est. Cost $88.08 Unrealized -38.2%

SU SUNCOR ENERGY INC NEW 0.1%

Value ($000) $1,445 (-12.0%) Shares 32,500 (-17.1%) Est. Cost $20.26 Unrealized +108.6%

EXE EXPAND ENERGY CORPORATION 0.0%

Value ($000) $541 (-26.2%) Shares 4,900 (-29.0%) Est. Cost $101.00 Unrealized +9.5%

EW EDWARDS LIFESCIENCES CORP 0.0%

Value ($000) $554 (-25.0%) Shares 6,500 (-31.6%) Est. Cost $75.70 Unrealized +8.4%

IQV IQVIA HLDGS INC 0.0%

Value ($000) $496 (-25.4%) Shares 2,200 (-37.1%) Est. Cost $196.90 Unrealized +10.5%

BDX BECTON DICKINSON & CO 0.1%

Value ($000) $1,067 (-12.3%) Shares 5,500 (-15.4%) Est. Cost $221.40 Unrealized -14.4%

B BARRICK MNG CORP 1.9%

Value ($000) $23,344 (+0.6%) Shares 534,921 (-24.2%) Est. Cost $19.39 Unrealized +93.0%

TOL TOLL BROTHERS INC 0.1%

Value ($000) $919 (-13.6%) Shares 6,800 (-11.7%) Est. Cost $101.14 Unrealized +34.2%

CVE CENOVUS ENERGY INC 0.0%

Value ($000) $585 (-19.0%) Shares 34,500 (-18.8%) Est. Cost $16.26 Unrealized +6.8%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.2%

Value ($000) $2,050 (-5.8%) Shares 25,000 (-13.8%) Est. Cost $79.60 Unrealized -2.1%

LLY ELI LILLY & CO 0.9%

Value ($000) $10,747 (+1.1%) Shares 10,000 (-28.2%) Est. Cost $583.82 Unrealized +63.7%

BMY BRISTOL-MYERS SQUIBB CO 0.1%

Value ($000) $1,402 (+9.1%) Shares 26,000 (-8.8%) Est. Cost $48.68 Unrealized -2.4%

EL LAUDER ESTEE COS INC 0.1%

Value ($000) $1,571 (+8.0%) Shares 15,000 (-9.1%) Est. Cost $192.65 Unrealized -49.7%

DVN DEVON ENERGY CORP NEW 0.0%

Value ($000) $508 (-18.0%) Shares 13,861 (-21.5%) Est. Cost $48.03 Unrealized -27.7%

HUM HUMANA INC 0.0%

Value ($000) $359 (-23.4%) Shares 1,400 (-22.2%) Est. Cost $313.09 Unrealized -16.5%

A AGILENT TECHNOLOGIES INC 0.0%

Value ($000) $544 (-15.2%) Shares 4,000 (-20.0%) Est. Cost $135.10 Unrealized +6.4%

WST WEST PHARMACEUTICAL SVSC INC 0.0%

Value ($000) $220 (-30.1%) Shares 800 (-33.3%) Est. Cost $242.79 Unrealized +12.6%

MTD METTLER TOLEDO INTERNATIONAL 0.0%

Value ($000) $293 (-20.5%) Shares 210 (-30.0%) Est. Cost $1253.17 Unrealized +11.4%

H HYATT HOTELS CORP 0.0%

Value ($000) $353 (-17.2%) Shares 2,200 (-26.7%) Est. Cost $143.36 Unrealized +6.8%

CNQ CANADIAN NAT RES LTD 0.2%

Value ($000) $1,958 (-3.5%) Shares 57,700 (-9.0%) Est. Cost $29.96 Unrealized +8.2%

CCJ CAMECO CORP 0.1%

Value ($000) $1,137 (-5.3%) Shares 12,400 (-13.3%) Est. Cost $52.72 Unrealized +70.6%

CTRA COTERRA ENERGY INC 0.0%

Value ($000) $592 (+8.9%) Shares 22,500 (-2.2%) Est. Cost $24.72 Unrealized +1.5%

WAT WATERS CORP 0.0%

Value ($000) $266 (-11.3%) Shares 700 (-30.0%) Est. Cost $301.75 Unrealized +21.9%

RL RALPH LAUREN CORP 0.1%

Value ($000) $972 (+3.4%) Shares 2,750 (-8.3%) Est. Cost $120.42 Unrealized +182.4%

CAH CARDINAL HEALTH INC 0.0%

Value ($000) $452 (-4.0%) Shares 2,200 (-26.7%) Est. Cost $153.58 Unrealized +22.2%

TMO THERMO FISHER SCIENTIFIC INC 0.2%

Value ($000) $2,781 (+0.6%) Shares 4,800 (-15.8%) Est. Cost $498.69 Unrealized +13.3%

NTRA NATERA INC 0.0%

Value ($000) $275 (-5.1%) Shares 1,200 (-33.3%) Est. Cost $158.20 Unrealized +31.8%

TEVA TEVA PHARMACEUTICAL INDS LTD 0.0%

Value ($000) $312 (+3.0%) Shares 10,000 (-33.3%) Est. Cost $20.20 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	78,000 (-43.5%)	$24,414 (-27.2%)	1.9%	$154.11	+85.3%	CAP STK CL A	02079K305
ISRG	INTUITIVE SURGICAL INC	14,300 (-50.9%)	$8,099 (-37.8%)	0.6%	$508.55	+4.7%	COM NEW	46120E602
WPM	WHEATON PRECIOUS METALS CORP	137,891 (-24.3%)	$16,240 (-20.4%)	1.3%	$39.10	+173.8%	COM	962879102
UNH	UNITEDHEALTH GROUP INC	15,389 (-37.6%)	$5,080 (-40.4%)	0.4%	$394.03	-14.4%	COM	91324P102
ABBV	ABBVIE INC	23,000 (-35.4%)	$5,255 (-36.2%)	0.4%	$157.32	+44.6%	COM	00287Y109
AMGN	AMGEN INC	24,500 (-36.6%)	$8,019 (-26.5%)	0.6%	$277.08	+14.0%	COM	031162100
AMD	ADVANCED MICRO DEVICES INC	57,000 (-1.7%)	$12,207 (+30.1%)	1.0%	$137.98	+62.8%	COM	007903107
JNJ	JOHNSON & JOHNSON	28,000 (-38.0%)	$5,795 (-30.8%)	0.5%	$147.78	+33.3%	COM	478160104
MRK	MERCK & CO INC	33,000 (-54.1%)	$3,474 (-42.4%)	0.3%	$81.08	+15.0%	COM	58933Y105
REGN	REGENERON PHARMACEUTICALS	4,850 (-56.7%)	$3,744 (-40.6%)	0.3%	$752.34	-9.8%	COM	75886F107
ABT	ABBOTT LABS	24,000 (-38.6%)	$3,007 (-42.5%)	0.2%	$121.91	+4.4%	COM	002824100
AVGO	BROADCOM INC	90,000 (-10.0%)	$31,149 (-5.6%)	2.5%	$208.61	+71.1%	COM	11135F101
HON	HONEYWELL INTL INC	27,000 (-18.2%)	$5,267 (-24.2%)	0.4%	$203.16	-4.0%	COM	438516106
AXON	AXON ENTERPRISE INC	4,400 (-22.8%)	$2,499 (-38.9%)	0.2%	$758.81	-18.2%	COM	05464C101
CRM	SALESFORCE INC	7,000 (-50.0%)	$1,854 (-44.1%)	0.1%	$295.34	-16.0%	COM	79466L302
AMAT	APPLIED MATLS INC	24,000 (-33.3%)	$6,168 (-16.3%)	0.5%	$179.86	+33.2%	COM	038222105
VOO	VANGUARD INDEX FDS	48,758 (-5.8%)	$30,578 (-3.5%)	2.4%	$436.11	—	S&P 500 ETF SHS	922908363
AAPL	APPLE INC	186,000 (-4.6%)	$50,566 (+1.8%)	4.0%	$196.93	+36.3%	COM	037833100
NEM	NEWMONT CORP	287,953 (-12.9%)	$28,752 (+3.2%)	2.3%	$44.62	+102.1%	COM	651639106
QCOM	QUALCOMM INC	38,000 (-13.6%)	$6,500 (-11.2%)	0.5%	$141.19	+21.0%	COM	747525103
VRTX	VERTEX PHARMACEUTICALS INC	11,200 (-2.6%)	$5,078 (+12.7%)	0.4%	$459.77	-6.3%	COM	92532F100
ABNB	AIRBNB INC	11,000 (-35.3%)	$1,493 (-27.7%)	0.1%	$129.37	-3.7%	COM CL A	009066101
BIIB	BIOGEN INC	2,000 (-66.7%)	$352 (-58.1%)	0.0%	$223.14	-26.8%	COM	09062X103
AEP	AMERICAN ELEC PWR CO INC	11,000 (-28.1%)	$1,268 (-26.3%)	0.1%	$108.19	+8.8%	COM	025537101
CEG	CONSTELLATION ENERGY CORP	11,000 (-15.4%)	$3,886 (-9.2%)	0.3%	$296.55	+22.5%	COM	21037T109
CCL	CARNIVAL CORP	70,000 (-17.6%)	$2,138 (-13.0%)	0.2%	$22.51	+23.9%	UNIT 99/99/9999	143658300
EOG	EOG RES INC	12,700 (-12.4%)	$1,334 (-18.0%)	0.1%	$105.75	+1.4%	COM	26875P101
ELV	ELEVANCE HEALTH INC	3,500 (-25.5%)	$1,227 (-19.2%)	0.1%	$411.47	-18.2%	COM	036752103
DHR	DANAHER CORPORATION	8,700 (-24.3%)	$1,992 (-12.6%)	0.2%	$240.99	-8.9%	COM	235851102
TPR	TAPESTRY INC	13,000 (-23.5%)	$1,661 (-13.7%)	0.1%	$37.67	+202.7%	COM	876030107
HLT	HILTON WORLDWIDE HLDGS INC	10,500 (-16.7%)	$3,016 (-7.7%)	0.2%	$125.56	+116.8%	COM	43300A203
FCX	FREEPORT-MCMORAN INC	45,500 (-13.7%)	$2,311 (+11.8%)	0.2%	$33.99	+27.4%	CL B	35671D857
PFE	PFIZER INC	83,000 (-7.8%)	$2,067 (-9.9%)	0.2%	$30.44	-17.7%	COM	717081103
BMRN	BIOMARIN PHARMACEUTICAL INC	4,500 (-50.0%)	$267 (-45.1%)	0.0%	$88.08	-38.2%	COM	09061G101
SU	SUNCOR ENERGY INC NEW	32,500 (-17.1%)	$1,445 (-12.0%)	0.1%	$20.26	+108.6%	COM	867224107
EXE	EXPAND ENERGY CORPORATION	4,900 (-29.0%)	$541 (-26.2%)	0.0%	$101.00	+9.5%	COM	165167735
EW	EDWARDS LIFESCIENCES CORP	6,500 (-31.6%)	$554 (-25.0%)	0.0%	$75.70	+8.4%	COM	28176E108
IQV	IQVIA HLDGS INC	2,200 (-37.1%)	$496 (-25.4%)	0.0%	$196.90	+10.5%	COM	46266C105
BDX	BECTON DICKINSON & CO	5,500 (-15.4%)	$1,067 (-12.3%)	0.1%	$221.40	-14.4%	COM	075887109
B	BARRICK MNG CORP	534,921 (-24.2%)	$23,344 (+0.6%)	1.9%	$19.39	+93.0%	COM SHS	06849F108
TOL	TOLL BROTHERS INC	6,800 (-11.7%)	$919 (-13.6%)	0.1%	$101.14	+34.2%	COM	889478103
CVE	CENOVUS ENERGY INC	34,500 (-18.8%)	$585 (-19.0%)	0.0%	$16.26	+6.8%	COM	15135U109
GEHC	GE HEALTHCARE TECHNOLOGIES I	25,000 (-13.8%)	$2,050 (-5.8%)	0.2%	$79.60	-2.1%	COMMON STOCK	36266G107
LLY	ELI LILLY & CO	10,000 (-28.2%)	$10,747 (+1.1%)	0.9%	$583.82	+63.7%	COM	532457108
BMY	BRISTOL-MYERS SQUIBB CO	26,000 (-8.8%)	$1,402 (+9.1%)	0.1%	$48.68	-2.4%	COM	110122108
EL	LAUDER ESTEE COS INC	15,000 (-9.1%)	$1,571 (+8.0%)	0.1%	$192.65	-49.7%	CL A	518439104
DVN	DEVON ENERGY CORP NEW	13,861 (-21.5%)	$508 (-18.0%)	0.0%	$48.03	-27.7%	COM	25179M103
HUM	HUMANA INC	1,400 (-22.2%)	$359 (-23.4%)	0.0%	$313.09	-16.5%	COM	444859102
A	AGILENT TECHNOLOGIES INC	4,000 (-20.0%)	$544 (-15.2%)	0.0%	$135.10	+6.4%	COM	00846U101
WST	WEST PHARMACEUTICAL SVSC INC	800 (-33.3%)	$220 (-30.1%)	0.0%	$242.79	+12.6%	COM	955306105
MTD	METTLER TOLEDO INTERNATIONAL	210 (-30.0%)	$293 (-20.5%)	0.0%	$1253.17	+11.4%	COM	592688105
H	HYATT HOTELS CORP	2,200 (-26.7%)	$353 (-17.2%)	0.0%	$143.36	+6.8%	COM CL A	448579102
CNQ	CANADIAN NAT RES LTD	57,700 (-9.0%)	$1,958 (-3.5%)	0.2%	$29.96	+8.2%	COM	136385101
CCJ	CAMECO CORP	12,400 (-13.3%)	$1,137 (-5.3%)	0.1%	$52.72	+70.6%	COM	13321L108
CTRA	COTERRA ENERGY INC	22,500 (-2.2%)	$592 (+8.9%)	0.0%	$24.72	+1.5%	COM	127097103
WAT	WATERS CORP	700 (-30.0%)	$266 (-11.3%)	0.0%	$301.75	+21.9%	COM	941848103
RL	RALPH LAUREN CORP	2,750 (-8.3%)	$972 (+3.4%)	0.1%	$120.42	+182.4%	CL A	751212101
CAH	CARDINAL HEALTH INC	2,200 (-26.7%)	$452 (-4.0%)	0.0%	$153.58	+22.2%	COM	14149Y108
TMO	THERMO FISHER SCIENTIFIC INC	4,800 (-15.8%)	$2,781 (+0.6%)	0.2%	$498.69	+13.3%	COM	883556102
NTRA	NATERA INC	1,200 (-33.3%)	$275 (-5.1%)	0.0%	$158.20	+31.8%	COM	632307104
TEVA	TEVA PHARMACEUTICAL INDS LTD	10,000 (-33.3%)	$312 (+3.0%)	0.0%	$20.20	—	SPONSORED ADS	881624209

Unchanged Positions (59)

AMZN AMAZON COM INC 3.1%

Value ($000) $39,239 Shares 170,000 Est. Cost $192.81 Unrealized +18.7%

XOM EXXON MOBIL CORP 0.8%

Value ($000) $10,413 Shares 86,531 Est. Cost $74.36 Unrealized +55.3%

PYPL PAYPAL HLDGS INC 0.3%

Value ($000) $3,503 Shares 60,000 Est. Cost $119.32 Unrealized -45.7%

EGO ELDORADO GOLD CORP NEW 0.2%

Value ($000) $2,484 Shares 69,000 Est. Cost $9.31 Unrealized +221.4%

TXN TEXAS INSTRS INC 0.6%

Value ($000) $7,981 Shares 46,000 Est. Cost $190.32 Unrealized -10.3%

SHOP SHOPIFY INC 0.5%

Value ($000) $5,807 Shares 36,000 Est. Cost $135.57 Unrealized +18.4%

INTC INTEL CORP 0.4%

Value ($000) $4,428 Shares 120,000 Est. Cost $34.03 Unrealized +11.0%

TTD THE TRADE DESK INC 0.1%

Value ($000) $1,329 Shares 35,000 Est. Cost $63.45 Unrealized -30.1%

CDNS CADENCE DESIGN SYSTEM INC 0.2%

Value ($000) $2,970 Shares 9,500 Est. Cost $344.03 Unrealized -5.1%

BHP BHP GROUP LTD 0.4%

Value ($000) $4,601 Shares 76,208 Est. Cost $68.12 Unrealized —

CTAS CINTAS CORP 0.3%

Value ($000) $3,761 Shares 20,000 Est. Cost $212.83 Unrealized -11.6%

FAST FASTENAL CO 0.1%

Value ($000) $1,405 Shares 35,000 Est. Cost $46.94 Unrealized -10.5%

ORLA ORLA MNG LTD NEW 0.1%

Value ($000) $1,520 Shares 112,800 Est. Cost $10.43 Unrealized +16.4%

LVS LAS VEGAS SANDS CORP 0.1%

Value ($000) $1,627 Shares 25,000 Est. Cost $46.78 Unrealized +30.8%

INTU INTUIT 0.6%

Value ($000) $7,949 Shares 12,000 Est. Cost $680.52 Unrealized -2.9%

NUE NUCOR CORP 0.1%

Value ($000) $1,259 Shares 7,720 Est. Cost $126.19 Unrealized +18.7%

ZTS ZOETIS INC 0.1%

Value ($000) $1,195 Shares 9,500 Est. Cost $175.96 Unrealized -26.0%

WDAY WORKDAY INC 0.1%

Value ($000) $1,611 Shares 7,500 Est. Cost $231.22 Unrealized -1.7%

RSG REPUBLIC SVCS INC 0.2%

Value ($000) $2,225 Shares 10,500 Est. Cost $104.27 Unrealized +105.8%

RIVN RIVIAN AUTOMOTIVE INC 0.1%

Value ($000) $710 Shares 36,000 Est. Cost $17.44 Unrealized -9.0%

SSRM SSR MINING IN 0.1%

Value ($000) $1,584 Shares 72,128 Est. Cost $16.76 Unrealized +32.8%

MNST MONSTER BEVERAGE CORP NEW 0.1%

Value ($000) $1,303 Shares 17,000 Est. Cost $62.42 Unrealized +14.8%

CMCSA COMCAST CORP NEW 0.2%

Value ($000) $2,391 Shares 80,000 Est. Cost $33.16 Unrealized -14.0%

OXY OCCIDENTAL PETE CORP 0.1%

Value ($000) $755 Shares 18,350 Est. Cost $60.56 Unrealized -31.4%

URTH ISHARES INC 0.4%

Value ($000) $4,607 Shares 24,800 Est. Cost $103.46 Unrealized —

WSM WILLIAMS SONOMA INC 0.1%

Value ($000) $1,072 Shares 6,000 Est. Cost $107.50 Unrealized +74.2%

FSM FORTUNA MNG CORP 0.1%

Value ($000) $1,025 Shares 104,377 Est. Cost $5.04 Unrealized +78.6%

VKTX VIKING THERAPEUTICS INC 0.0%

Value ($000) $352 Shares 10,000 Est. Cost $57.02 Unrealized -37.9%

NCLH NORWEGIAN CRUISE LINE HLDG L 0.1%

Value ($000) $781 Shares 35,000 Est. Cost $16.04 Unrealized +31.6%

AWK AMERICAN WTR WKS CO INC NEW 0.1%

Value ($000) $1,177 Shares 9,022 Est. Cost $149.49 Unrealized -10.9%

DDOG DATADOG INC 0.1%

Value ($000) $1,632 Shares 12,000 Est. Cost $137.70 Unrealized +14.8%

CF CF INDS HLDGS INC 0.0%

Value ($000) $376 Shares 4,860 Est. Cost $74.91 Unrealized +9.4%

MRVL MARVELL TECHNOLOGY INC 0.4%

Value ($000) $5,099 Shares 60,000 Est. Cost $96.69 Unrealized -9.5%

ILMN ILLUMINA INC 0.0%

Value ($000) $197 Shares 1,500 Est. Cost $187.45 Unrealized -37.4%

IJR ISHARES TR 0.4%

Value ($000) $4,781 Shares 39,786 Est. Cost $112.70 Unrealized —

ADBE ADOBE INC 0.5%

Value ($000) $6,650 Shares 19,000 Est. Cost $494.74 Unrealized -31.3%

XYL XYLEM INC 0.0%

Value ($000) $613 Shares 4,500 Est. Cost $106.84 Unrealized +34.4%

DXCM DEXCOM INC 0.3%

Value ($000) $3,584 Shares 54,000 Est. Cost $87.27 Unrealized -25.9%

SGI TEMPUR SEALY INTL INC 0.1%

Value ($000) $893 Shares 10,000 Est. Cost $35.58 Unrealized +145.5%

BKNG BOOKING HOLDINGS INC 0.5%

Value ($000) $5,891 Shares 1,100 Est. Cost $5108.08 Unrealized +0.6%

SIG SIGNET JEWELERS LIMITED 0.0%

Value ($000) $290 Shares 3,500 Est. Cost $97.58 Unrealized -2.7%

NTR NUTRIEN LTD 0.1%

Value ($000) $890 Shares 14,396 Est. Cost $72.67 Unrealized -19.0%

TEAM ATLASSIAN CORPORATION 0.2%

Value ($000) $2,756 Shares 17,000 Est. Cost $200.20 Unrealized -21.6%

COO COOPER COS INC 0.0%

Value ($000) $246 Shares 3,000 Est. Cost $70.83 Unrealized +5.7%

RH RH 0.0%

Value ($000) $269 Shares 1,500 Est. Cost $272.53 Unrealized -37.3%

CLH CLEAN HARBORS INC 0.3%

Value ($000) $3,517 Shares 15,000 Est. Cost $94.16 Unrealized +142.7%

CPRI CAPRI HOLDINGS LIMITED 0.0%

Value ($000) $183 Shares 7,500 Est. Cost $54.27 Unrealized -57.4%

DGX QUEST DIAGNOSTICS INC 0.0%

Value ($000) $260 Shares 1,500 Est. Cost $176.64 Unrealized +3.1%

WDS WOODSIDE ENERGY GROUP LTD 0.1%

Value ($000) $717 Shares 46,000 Est. Cost $21.09 Unrealized —

AEM AGNICO EAGLE MINES LTD 2.3%

Value ($000) $28,651 Shares 168,645 Est. Cost $52.96 Unrealized +216.9%

RS RELIANCE INC 0.1%

Value ($000) $712 Shares 2,464 Est. Cost $271.45 Unrealized +3.5%

PODD INSULET CORP 0.0%

Value ($000) $227 Shares 800 Est. Cost $313.31 Unrealized -0.2%

MGM MGM RESORTS INTERNATIONAL 0.0%

Value ($000) $365 Shares 10,000 Est. Cost $36.70 Unrealized -7.5%

SBUX STARBUCKS CORP 0.3%

Value ($000) $3,368 Shares 40,000 Est. Cost $86.02 Unrealized -2.3%

BAX BAXTER INTL INC 0.0%

Value ($000) $76 Shares 4,000 Est. Cost $45.06 Unrealized -55.6%

CTVA CORTEVA INC 0.1%

Value ($000) $1,307 Shares 19,498 Est. Cost $53.43 Unrealized +20.8%

MCHP MICROCHIP TECHNOLOGY INC. 0.1%

Value ($000) $1,147 Shares 18,000 Est. Cost $66.89 Unrealized -8.3%

WM WASTE MGMT INC DEL 0.1%

Value ($000) $1,409 Shares 6,412 Est. Cost $167.23 Unrealized +27.1%

WCN WASTE CONNECTIONS INC 0.2%

Value ($000) $2,011 Shares 11,448 Est. Cost $117.37 Unrealized +47.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	170,000	$39,239	3.1%	$192.81	+18.7%	COM	023135106
XOM	EXXON MOBIL CORP	86,531	$10,413	0.8%	$74.36	+55.3%	COM	30231G102
PYPL	PAYPAL HLDGS INC	60,000	$3,503	0.3%	$119.32	-45.7%	COM	70450Y103
EGO	ELDORADO GOLD CORP NEW	69,000	$2,484	0.2%	$9.31	+221.4%	COM	284902509
TXN	TEXAS INSTRS INC	46,000	$7,981	0.6%	$190.32	-10.3%	COM	882508104
SHOP	SHOPIFY INC	36,000	$5,807	0.5%	$135.57	+18.4%	CL A	82509L107
INTC	INTEL CORP	120,000	$4,428	0.4%	$34.03	+11.0%	COM	458140100
TTD	THE TRADE DESK INC	35,000	$1,329	0.1%	$63.45	-30.1%	COM CL A	88339J105
CDNS	CADENCE DESIGN SYSTEM INC	9,500	$2,970	0.2%	$344.03	-5.1%	COM	127387108
BHP	BHP GROUP LTD	76,208	$4,601	0.4%	$68.12	—	SPONSORED ADS	088606108
CTAS	CINTAS CORP	20,000	$3,761	0.3%	$212.83	-11.6%	COM	172908105
FAST	FASTENAL CO	35,000	$1,405	0.1%	$46.94	-10.5%	COM	311900104
ORLA	ORLA MNG LTD NEW	112,800	$1,520	0.1%	$10.43	+16.4%	COM	68634K106
LVS	LAS VEGAS SANDS CORP	25,000	$1,627	0.1%	$46.78	+30.8%	COM	517834107
INTU	INTUIT	12,000	$7,949	0.6%	$680.52	-2.9%	COM	461202103
NUE	NUCOR CORP	7,720	$1,259	0.1%	$126.19	+18.7%	COM	670346105
ZTS	ZOETIS INC	9,500	$1,195	0.1%	$175.96	-26.0%	CL A	98978V103
WDAY	WORKDAY INC	7,500	$1,611	0.1%	$231.22	-1.7%	CL A	98138H101
RSG	REPUBLIC SVCS INC	10,500	$2,225	0.2%	$104.27	+105.8%	COM	760759100
RIVN	RIVIAN AUTOMOTIVE INC	36,000	$710	0.1%	$17.44	-9.0%	COM CL A	76954A103
SSRM	SSR MINING IN	72,128	$1,584	0.1%	$16.76	+32.8%	COM	784730103
MNST	MONSTER BEVERAGE CORP NEW	17,000	$1,303	0.1%	$62.42	+14.8%	COM	61174X109
CMCSA	COMCAST CORP NEW	80,000	$2,391	0.2%	$33.16	-14.0%	CL A	20030N101
OXY	OCCIDENTAL PETE CORP	18,350	$755	0.1%	$60.56	-31.4%	COM	674599105
URTH	ISHARES INC	24,800	$4,607	0.4%	$103.46	—	MSCI WORLD ETF	464286392
WSM	WILLIAMS SONOMA INC	6,000	$1,072	0.1%	$107.50	+74.2%	COM	969904101
FSM	FORTUNA MNG CORP	104,377	$1,025	0.1%	$5.04	+78.6%	COM NEW	349942102
VKTX	VIKING THERAPEUTICS INC	10,000	$352	0.0%	$57.02	-37.9%	COM	92686J106
NCLH	NORWEGIAN CRUISE LINE HLDG L	35,000	$781	0.1%	$16.04	+31.6%	SHS	G66721104
AWK	AMERICAN WTR WKS CO INC NEW	9,022	$1,177	0.1%	$149.49	-10.9%	COM	030420103
DDOG	DATADOG INC	12,000	$1,632	0.1%	$137.70	+14.8%	CL A COM	23804L103
CF	CF INDS HLDGS INC	4,860	$376	0.0%	$74.91	+9.4%	COM	125269100
MRVL	MARVELL TECHNOLOGY INC	60,000	$5,099	0.4%	$96.69	-9.5%	COM	573874104
ILMN	ILLUMINA INC	1,500	$197	0.0%	$187.45	-37.4%	COM	452327109
IJR	ISHARES TR	39,786	$4,781	0.4%	$112.70	—	CORE S&P SCP ETF	464287804
ADBE	ADOBE INC	19,000	$6,650	0.5%	$494.74	-31.3%	COM	00724F101
XYL	XYLEM INC	4,500	$613	0.0%	$106.84	+34.4%	COM	98419M100
DXCM	DEXCOM INC	54,000	$3,584	0.3%	$87.27	-25.9%	COM	252131107
SGI	TEMPUR SEALY INTL INC	10,000	$893	0.1%	$35.58	+145.5%	COM	88023U101
BKNG	BOOKING HOLDINGS INC	1,100	$5,891	0.5%	$5108.08	+0.6%	COM	09857L108
SIG	SIGNET JEWELERS LIMITED	3,500	$290	0.0%	$97.58	-2.7%	SHS	G81276100
NTR	NUTRIEN LTD	14,396	$890	0.1%	$72.67	-19.0%	COM	67077M108
TEAM	ATLASSIAN CORPORATION	17,000	$2,756	0.2%	$200.20	-21.6%	CL A	049468101
COO	COOPER COS INC	3,000	$246	0.0%	$70.83	+5.7%	COM	216648501
RH	RH	1,500	$269	0.0%	$272.53	-37.3%	COM	74967X103
CLH	CLEAN HARBORS INC	15,000	$3,517	0.3%	$94.16	+142.7%	COM	184496107
CPRI	CAPRI HOLDINGS LIMITED	7,500	$183	0.0%	$54.27	-57.4%	SHS	G1890L107
DGX	QUEST DIAGNOSTICS INC	1,500	$260	0.0%	$176.64	+3.1%	COM	74834L100
WDS	WOODSIDE ENERGY GROUP LTD	46,000	$717	0.1%	$21.09	—	SPONSORED ADR	980228308
AEM	AGNICO EAGLE MINES LTD	168,645	$28,651	2.3%	$52.96	+216.9%	COM	008474108
RS	RELIANCE INC	2,464	$712	0.1%	$271.45	+3.5%	COM	759509102
PODD	INSULET CORP	800	$227	0.0%	$313.31	-0.2%	COM	45784P101
MGM	MGM RESORTS INTERNATIONAL	10,000	$365	0.0%	$36.70	-7.5%	COM	552953101
SBUX	STARBUCKS CORP	40,000	$3,368	0.3%	$86.02	-2.3%	COM	855244109
BAX	BAXTER INTL INC	4,000	$76	0.0%	$45.06	-55.6%	COM	071813109
CTVA	CORTEVA INC	19,498	$1,307	0.1%	$53.43	+20.8%	COM	22052L104
MCHP	MICROCHIP TECHNOLOGY INC.	18,000	$1,147	0.1%	$66.89	-8.3%	COM	595017104
WM	WASTE MGMT INC DEL	6,412	$1,409	0.1%	$167.23	+27.1%	COM	94106L109
WCN	WASTE CONNECTIONS INC	11,448	$2,011	0.2%	$117.37	+47.2%	COM	94106B101