CIBRA Capital Ltd Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CFLT	CONFLUENT INC	181,500	$5,489	9.4%	$24.55	0.0%	CLASS A COM	20717M103
NSC	NORFOLK SOUTHN CORP	17,550	$5,067	8.7%	$288.62	0.0%	COM	655844108
—	CYBERARK SOFTWARE LTD	11,291	$5,036	8.6%	$446.06	—	SHS	M2682V108
EA	ELECTRONIC ARTS INC	24,514	$5,009	8.6%	$201.71	0.0%	COM	285512109
GTLS	CHART INDS INC	22,986	$4,740	8.1%	$202.64	0.0%	COM	16115Q308
HOLX	HOLOGIC INC	62,838	$4,681	8.0%	$73.07	0.0%	COM	436440101
—	CIDARA THERAPEUTICS INC	18,713	$4,134	7.1%	$220.89	—	COM NEW	171757206
EXAS	EXACT SCIENCES CORP	39,400	$4,001	6.9%	$80.31	0.0%	COM	30063P105
RNA	AVIDITY BIOSCIENCES INC	53,209	$3,838	6.6%	$64.59	0.0%	COM	05370A108
FRGE	FORGE GLOBAL HOLDINGS INC	74,966	$3,340	5.7%	$33.80	0.0%	COM SHS	34629L202
FOLD	AMICUS THERAPEUTICS INC	210,800	$3,002	5.2%	$9.82	0.0%	COM	03152W109
KVUE	KENVUE INC	124,000	$2,139	3.7%	$16.26	0.0%	COM	49177J102
DBRG	DIGITALBRIDGE GROUP INC	130,800	$2,006	3.4%	$12.01	0.0%	CL A NEW	25401T603
—	DENNYS CORP	256,000	$1,592	2.7%	$6.22	—	COM	24869P104
WBD	WARNER BROS DISCOVERY INC	37,842	$1,091	1.9%	$23.37	0.0%	COM SER A	934423104
DHIL	DIAMOND HILL INVT GROUP INC	6,430	$1,090	1.9%	$135.06	0.0%	COM NEW	25264R207
JHG	JANUS HENDERSON GROUP PLC	21,000	$999	1.7%	$44.24	0.0%	ORD SHS	G4474Y214
—	JAMF HLDG CORP	76,000	$989	1.7%	$13.01	—	COM	47074L105

Exited Positions (25)

— INTRA-CELLULAR THERAPIES INC 94.3%

Value ($000) $54,907 Shares 416,218 Est. Cost $131.92 Unrealized —

— KELLANOVA 63.7%

Value ($000) $37,093 Shares 449,664 Est. Cost $78.50 Unrealized +5.3%

— BERRY GLOBAL GROUP INC 50.9%

Value ($000) $29,648 Shares 424,699 Est. Cost $68.58 Unrealized —

— HESS CORP 47.6%

Value ($000) $27,738 Shares 173,658 Est. Cost $143.16 Unrealized —

— DESPEGAR COM CORP 43.2%

Value ($000) $25,176 Shares 1,339,848 Est. Cost $18.79 Unrealized —

— FRONTIER COMMUNICATIONS PARE 36.0%

Value ($000) $20,979 Shares 585,037 Est. Cost $35.17 Unrealized —

— AMEDISYS INC 34.5%

Value ($000) $20,080 Shares 216,775 Est. Cost $92.23 Unrealized —

— PARAGON 28 INC 20.9%

Value ($000) $12,168 Shares 931,679 Est. Cost $13.06 Unrealized —

— SPIRIT AEROSYSTEMS HLDGS INC 20.6%

Value ($000) $11,987 Shares 347,849 Est. Cost $34.46 Unrealized —

— DUN & BRADSTREET HLDGS INC 14.4%

Value ($000) $8,395 Shares 939,034 Est. Cost $8.94 Unrealized —

— AIR TRANSPORT SERVICES GRP I 12.1%

Value ($000) $7,032 Shares 313,360 Est. Cost $21.98 Unrealized —

— CHIMERIX INC 10.7%

Value ($000) $6,227 Shares 731,699 Est. Cost $8.51 Unrealized —

— BEACON ROOFING SUPPLY INC 9.6%

Value ($000) $5,567 Shares 45,000 Est. Cost — Unrealized —

— PLAYAGS INC 8.1%

Value ($000) $4,736 Shares 391,057 Est. Cost $11.53 Unrealized —

— AZEK CO INC 7.6%

Value ($000) $4,442 Shares 90,850 Est. Cost $48.89 Unrealized —

OMC OMNICOM GROUP INC 6.3%

Value ($000) $3,655 Shares 44,085 Est. Cost $80.64 Unrealized -6.1%

— DISCOVER FINL SVCS 4.9%

Value ($000) $2,844 Shares 16,658 Est. Cost $173.23 Unrealized —

— JUNIPER NETWORKS INC 4.0%

Value ($000) $2,335 Shares 64,521 Est. Cost $36.73 Unrealized —

— SPRINGWORKS THERAPEUTICS INC 2.8%

Value ($000) $1,657 Shares 37,543 Est. Cost $44.13 Unrealized —

— EVERI HLDGS INC 2.3%

Value ($000) $1,367 Shares 100,000 Est. Cost $13.51 Unrealized —

SGRY SURGERY PARTNERS INC 2.3%

Value ($000) $1,357 Shares 57,117 Est. Cost $23.67 Unrealized -22.4%

— REDFIN CORP 2.3%

Value ($000) $1,322 Shares 143,533 Est. Cost $9.21 Unrealized —

— H & E EQUIPMENT SERVICES INC 1.7%

Value ($000) $967 Shares 10,200 Est. Cost $94.79 Unrealized —

RNW RENEW ENERGY GLOBAL PLC 1.5%

Value ($000) $876 Shares 148,759 Est. Cost $6.44 Unrealized +12.2%

— UNITED STATES STL CORP NEW 0.2%

Value ($000) $98 Shares 2,327 Est. Cost $33.99 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	INTRA-CELLULAR THERAPIES INC	416,218	$54,907	94.3%	$131.92	—	—	46116X101
—	KELLANOVA	449,664	$37,093	63.7%	$78.50	+5.3%	—	487836108
—	BERRY GLOBAL GROUP INC	424,699	$29,648	50.9%	$68.58	—	—	08579W103
—	HESS CORP	173,658	$27,738	47.6%	$143.16	—	—	42809H107
—	DESPEGAR COM CORP	1,339,848	$25,176	43.2%	$18.79	—	—	G27358103
—	FRONTIER COMMUNICATIONS PARE	585,037	$20,979	36.0%	$35.17	—	—	35909D109
—	AMEDISYS INC	216,775	$20,080	34.5%	$92.23	—	—	023436108
—	PARAGON 28 INC	931,679	$12,168	20.9%	$13.06	—	—	69913P105
—	SPIRIT AEROSYSTEMS HLDGS INC	347,849	$11,987	20.6%	$34.46	—	—	848574109
—	DUN & BRADSTREET HLDGS INC	939,034	$8,395	14.4%	$8.94	—	—	26484T106
—	AIR TRANSPORT SERVICES GRP I	313,360	$7,032	12.1%	$21.98	—	—	00922R105
—	CHIMERIX INC	731,699	$6,227	10.7%	$8.51	—	—	16934W106
—	BEACON ROOFING SUPPLY INC	45,000	$5,567	9.6%	—	—	PUT	073685109
—	PLAYAGS INC	391,057	$4,736	8.1%	$11.53	—	—	72814N104
—	AZEK CO INC	90,850	$4,442	7.6%	$48.89	—	—	05478C105
OMC	OMNICOM GROUP INC	44,085	$3,655	6.3%	$80.64	-6.1%	—	681919106
—	DISCOVER FINL SVCS	16,658	$2,844	4.9%	$173.23	—	—	254709108
—	JUNIPER NETWORKS INC	64,521	$2,335	4.0%	$36.73	—	—	48203R104
—	SPRINGWORKS THERAPEUTICS INC	37,543	$1,657	2.8%	$44.13	—	—	85205L107
—	EVERI HLDGS INC	100,000	$1,367	2.3%	$13.51	—	—	30034T103
SGRY	SURGERY PARTNERS INC	57,117	$1,357	2.3%	$23.67	-22.4%	—	86881A100
—	REDFIN CORP	143,533	$1,322	2.3%	$9.21	—	—	75737F108
—	H & E EQUIPMENT SERVICES INC	10,200	$967	1.7%	$94.79	—	—	404030108
RNW	RENEW ENERGY GLOBAL PLC	148,759	$876	1.5%	$6.44	+12.2%	—	G7500M104
—	UNITED STATES STL CORP NEW	2,327	$98	0.2%	$33.99	—	—	912909108