Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	3,124	$3.747M	2.3%	$1199.43	—	COM	532457108
LRCX	LAM RESEARCH CORP	4,896	$2.122M	1.3%	$433.33	—	COM NEW	512807306
BG	BUNGE GLOBAL SA	11,930	$1.273M	0.8%	$106.73	—	COM SHS	H11356104
ALAB	ASTERA LABS INC	2,433	$1.175M	0.7%	$483.02	—	COM	04626A103
BLDR	BUILDERS FIRSTSOURCE INC	11,558	$1.034M	0.6%	$89.48	—	COM	12008R107
NBIS	NEBIUS GROUP N.V.	2,956	$816K	0.5%	$276.17	—	SHS CLASS A	N97284108
TS	TENARIS S A	14,421	$800K	0.5%	$55.49	—	SPONSORED ADS	88031M109
VLO	VALERO ENERGY CORP	2,906	$757K	0.5%	$260.44	—	COM	91913Y100
QXO	QXO INC	29,393	$508K	0.3%	$17.28	—	COM NEW	82846H405
AAOI	APPLIED OPTOELECTRONICS INC	3,412	$506K	0.3%	$148.16	—	COM	03823U102
AXTI	AXT INC	5,189	$374K	0.2%	$72.08	—	COM	00246W103
HPE	HEWLETT PACKARD ENTERPRISE C	6,939	$313K	0.2%	$45.11	—	COM	42824C109
SEI	SOLARIS ENERGY INFRAS INC	3,284	$264K	0.2%	$80.46	—	COM CL A	83418M103
V	VISA INC	600	$206K	0.1%	$343.09	—	COM CL A	92826C839

Increased Positions (11)

MU MICRON TECHNOLOGY INC 13.3%

Value $21.49M (+281.9%) Shares 18,615 (+11.8%) Est. Cost $467.86 Unrealized —

AMD ADVANCED MICRO DEVICES INC 3.1%

Value $4.963M (+325.9%) Shares 8,544 (+49.2%) Est. Cost $305.92 Unrealized —

BE BLOOM ENERGY CORP 3.2%

Value $5.215M (+260.0%) Shares 17,229 (+61.1%) Est. Cost $204.61 Unrealized —

LITE LUMENTUM HLDGS INC 2.3%

Value $3.699M (+582.7%) Shares 4,311 (+459.1%) Est. Cost $788.15 Unrealized —

OC OWENS CORNING NEW 1.4%

Value $2.332M (+365.8%) Shares 14,671 (+217.1%) Est. Cost $148.47 Unrealized —

WDC WESTERN DIGITAL CORP 1.6%

Value $2.499M (+164.2%) Shares 3,912 (+11.9%) Est. Cost $292.44 Unrealized —

JCI JOHNSON CONTROLS INTERNATION 0.9%

Value $1.386M (+419.5%) Shares 9,488 (+365.6%) Est. Cost $141.80 Unrealized —

VRT VERTIV HOLDINGS CO 0.7%

Value $1.111M (+157.3%) Shares 3,318 (+92.6%) Est. Cost $251.09 Unrealized —

TSLA TESLA INC 1.2%

Value $1.96M (+18.6%) Shares 4,661 (+4.8%) Est. Cost $344.09 Unrealized —

SCCO SOUTHERN COPPER CORP 0.8%

Value $1.251M (+15.3%) Shares 7,181 (+13.9%) Est. Cost $185.76 Unrealized —

SLB SLB LIMITED 2.1%

Value $3.372M (+1.8%) Shares 72,528 (+12.5%) Est. Cost $48.10 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MU	MICRON TECHNOLOGY INC	18,615 (+11.8%)	$21.49M (+281.9%)	13.3%	$467.86	—	COM	595112103
AMD	ADVANCED MICRO DEVICES INC	8,544 (+49.2%)	$4.963M (+325.9%)	3.1%	$305.92	—	COM	007903107
BE	BLOOM ENERGY CORP	17,229 (+61.1%)	$5.215M (+260.0%)	3.2%	$204.61	—	COM CL A	093712107
LITE	LUMENTUM HLDGS INC	4,311 (+459.1%)	$3.699M (+582.7%)	2.3%	$788.15	—	COM	55024U109
OC	OWENS CORNING NEW	14,671 (+217.1%)	$2.332M (+365.8%)	1.4%	$148.47	—	COM	690742101
WDC	WESTERN DIGITAL CORP	3,912 (+11.9%)	$2.499M (+164.2%)	1.6%	$292.44	—	COM	958102105
JCI	JOHNSON CONTROLS INTERNATION	9,488 (+365.6%)	$1.386M (+419.5%)	0.9%	$141.80	—	SHS	G51502105
VRT	VERTIV HOLDINGS CO	3,318 (+92.6%)	$1.111M (+157.3%)	0.7%	$251.09	—	COM CL A	92537N108
TSLA	TESLA INC	4,661 (+4.8%)	$1.96M (+18.6%)	1.2%	$344.09	—	COM	88160R101
SCCO	SOUTHERN COPPER CORP	7,181 (+13.9%)	$1.251M (+15.3%)	0.8%	$185.76	—	COM	84265V105
SLB	SLB LIMITED	72,528 (+12.5%)	$3.372M (+1.8%)	2.1%	$48.10	—	COM STK	806857108

Exited Positions (10)

CEG CONSTELLATION ENERGY CORP 0.9%

Value $1.502M Shares 5,380 Est. Cost $363.20 Unrealized —

COHR COHERENT CORP 0.6%

Value $958K Shares 4,022 Est. Cost $213.35 Unrealized —

AXON AXON ENTERPRISE INC 0.5%

Value $728K Shares 1,714 Est. Cost $615.04 Unrealized —

ETHA ISHARES ETHEREUM TR 0.2%

Value $299K Shares 18,871 Est. Cost $31.51 Unrealized —

BITB BITWISE BITCOIN ETF TR 0.2%

Value $255K Shares 6,917 Est. Cost $47.56 Unrealized —

CRWD CROWDSTRIKE HLDGS INC 0.1%

Value $235K Shares 602 Est. Cost $340.01 Unrealized —

ONDS ONDAS INC 0.1%

Value $180K Shares 19,910 Est. Cost $11.33 Unrealized —

RCAT RED CAT HLDGS INC 0.1%

Value $135K Shares 10,278 Est. Cost $13.00 Unrealized —

OSCR OSCAR HEALTH INC 0.1%

Value $126K Shares 10,965 Est. Cost $14.97 Unrealized —

LPTH LIGHTPATH TECHNOLOGIES INC 0.1%

Value $122K Shares 12,198 Est. Cost $11.71 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CEG	CONSTELLATION ENERGY CORP	5,380	$1.502M	0.9%	$363.20	—	—	21037T109
COHR	COHERENT CORP	4,022	$958K	0.6%	$213.35	—	—	19247G107
AXON	AXON ENTERPRISE INC	1,714	$728K	0.5%	$615.04	—	—	05464C101
ETHA	ISHARES ETHEREUM TR	18,871	$299K	0.2%	$31.51	—	—	46438R105
BITB	BITWISE BITCOIN ETF TR	6,917	$255K	0.2%	$47.56	—	—	09174C104
CRWD	CROWDSTRIKE HLDGS INC	602	$235K	0.1%	$340.01	—	—	22788C105
ONDS	ONDAS INC	19,910	$180K	0.1%	$11.33	—	—	68236H204
RCAT	RED CAT HLDGS INC	10,278	$135K	0.1%	$13.00	—	—	75644T100
OSCR	OSCAR HEALTH INC	10,965	$126K	0.1%	$14.97	—	—	687793109
LPTH	LIGHTPATH TECHNOLOGIES INC	12,198	$122K	0.1%	$11.71	—	—	532257805

Decreased Positions (22)

MRVL MARVELL TECHNOLOGY INC 8.3%

Value $13.34M (+174.6%) Shares 44,784 (-8.7%) Est. Cost $81.07 Unrealized —

PLTR PALANTIR TECHNOLOGIES INC 5.1%

Value $8.161M (-26.1%) Shares 69,946 (-7.3%) Est. Cost $58.25 Unrealized —

GOOGL ALPHABET INC 6.3%

Value $10.2M (+17.4%) Shares 28,532 (-5.6%) Est. Cost $172.30 Unrealized —

META META PLATFORMS INC 1.1%

Value $1.697M (-45.3%) Shares 3,013 (-44.5%) Est. Cost $654.31 Unrealized —

STX SEAGATE TECHNOLOGY HLDNGS PL 1.6%

Value $2.557M (+112.2%) Shares 2,650 (-13.8%) Est. Cost $376.45 Unrealized —

GLD SPDR GOLD TR 2.6%

Value $4.117M (-23.5%) Shares 11,176 (-10.6%) Est. Cost $340.94 Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 1.5%

Value $2.339M (-33.2%) Shares 70,275 (-22.9%) Est. Cost $56.75 Unrealized —

FIX COMFORT SYS USA INC 2.3%

Value $3.684M (+38.7%) Shares 1,859 (-3.5%) Est. Cost $417.86 Unrealized —

GEV GE VERNOVA INC 3.1%

Value $5.05M (+21.7%) Shares 4,298 (-9.6%) Est. Cost $444.08 Unrealized —

FTI TECHNIPFMC PLC 4.6%

Value $7.462M (-9.8%) Shares 112,550 (-6.0%) Est. Cost $28.27 Unrealized —

LBRT LIBERTY ENERGY INC 1.7%

Value $2.747M (-17.0%) Shares 104,906 (-8.7%) Est. Cost $23.21 Unrealized —

MSFT MICROSOFT CORP 2.2%

Value $3.595M (-9.0%) Shares 9,638 (-9.7%) Est. Cost $430.55 Unrealized —

IREN IREN LIMITED 0.1%

Value $201K (-61.5%) Shares 4,398 (-71.2%) Est. Cost $51.59 Unrealized —

ANET ARISTA NETWORKS INC 1.6%

Value $2.649M (+13.5%) Shares 15,595 (-18.0%) Est. Cost $137.53 Unrealized —

CRWV COREWEAVE INC 0.8%

Value $1.265M (-19.9%) Shares 12,708 (-37.7%) Est. Cost $104.88 Unrealized —

MGY MAGNOLIA OIL & GAS CORP 0.6%

Value $973K (-21.1%) Shares 38,038 (-2.6%) Est. Cost $25.98 Unrealized —

CIFR CIPHER DIGITAL INC 0.5%

Value $730K (+31.1%) Shares 29,792 (-31.1%) Est. Cost $17.65 Unrealized —

RKLB ROCKET LAB CORP 0.1%

Value $211K (-44.6%) Shares 2,076 (-65.0%) Est. Cost $57.32 Unrealized —

MELI MERCADOLIBRE INC 0.4%

Value $603K (-12.9%) Shares 355 (-11.3%) Est. Cost $2129.48 Unrealized —

DECK DECKERS OUTDOOR CORP 0.7%

Value $1.199M (-5.1%) Shares 12,078 (-4.4%) Est. Cost $170.20 Unrealized —

AMZN AMAZON COM INC 3.0%

Value $4.783M (+0.8%) Shares 20,069 (-11.9%) Est. Cost $212.30 Unrealized —

AVGO BROADCOM INC 2.4%

Value $3.801M (-1.0%) Shares 10,061 (-18.9%) Est. Cost $231.53 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MRVL	MARVELL TECHNOLOGY INC	44,784 (-8.7%)	$13.34M (+174.6%)	8.3%	$81.07	—	COM	573874104
PLTR	PALANTIR TECHNOLOGIES INC	69,946 (-7.3%)	$8.161M (-26.1%)	5.1%	$58.25	—	CL A	69608A108
GOOGL	ALPHABET INC	28,532 (-5.6%)	$10.2M (+17.4%)	6.3%	$172.30	—	CAP STK CL A	02079K305
META	META PLATFORMS INC	3,013 (-44.5%)	$1.697M (-45.3%)	1.1%	$654.31	—	CL A	30303M102
STX	SEAGATE TECHNOLOGY HLDNGS PL	2,650 (-13.8%)	$2.557M (+112.2%)	1.6%	$376.45	—	ORD SHS	G7997R103
GLD	SPDR GOLD TR	11,176 (-10.6%)	$4.117M (-23.5%)	2.6%	$340.94	—	GOLD SHS	78463V107
IBIT	ISHARES BITCOIN TRUST ETF	70,275 (-22.9%)	$2.339M (-33.2%)	1.5%	$56.75	—	SHS BEN INT	46438F101
FIX	COMFORT SYS USA INC	1,859 (-3.5%)	$3.684M (+38.7%)	2.3%	$417.86	—	COM	199908104
GEV	GE VERNOVA INC	4,298 (-9.6%)	$5.05M (+21.7%)	3.1%	$444.08	—	COM	36828A101
FTI	TECHNIPFMC PLC	112,550 (-6.0%)	$7.462M (-9.8%)	4.6%	$28.27	—	COM	G87110105
LBRT	LIBERTY ENERGY INC	104,906 (-8.7%)	$2.747M (-17.0%)	1.7%	$23.21	—	COM CL A	53115L104
MSFT	MICROSOFT CORP	9,638 (-9.7%)	$3.595M (-9.0%)	2.2%	$430.55	—	COM	594918104
IREN	IREN LIMITED	4,398 (-71.2%)	$201K (-61.5%)	0.1%	$51.59	—	ORDINARY SHARES	Q4982L109
ANET	ARISTA NETWORKS INC	15,595 (-18.0%)	$2.649M (+13.5%)	1.6%	$137.53	—	COM SHS	040413205
CRWV	COREWEAVE INC	12,708 (-37.7%)	$1.265M (-19.9%)	0.8%	$104.88	—	COM CL A	21873S108
MGY	MAGNOLIA OIL & GAS CORP	38,038 (-2.6%)	$973K (-21.1%)	0.6%	$25.98	—	CL A	559663109
CIFR	CIPHER DIGITAL INC	29,792 (-31.1%)	$730K (+31.1%)	0.5%	$17.65	—	COM	17253J106
RKLB	ROCKET LAB CORP	2,076 (-65.0%)	$211K (-44.6%)	0.1%	$57.32	—	COM	773121108
MELI	MERCADOLIBRE INC	355 (-11.3%)	$603K (-12.9%)	0.4%	$2129.48	—	COM	58733R102
DECK	DECKERS OUTDOOR CORP	12,078 (-4.4%)	$1.199M (-5.1%)	0.7%	$170.20	—	COM	243537107
AMZN	AMAZON COM INC	20,069 (-11.9%)	$4.783M (+0.8%)	3.0%	$212.30	—	COM	023135106
AVGO	BROADCOM INC	10,061 (-18.9%)	$3.801M (-1.0%)	2.4%	$231.53	—	COM	11135F101

Unchanged Positions (9)

NVDA NVIDIA CORPORATION 5.9%

Value $9.528M Shares 47,617 Est. Cost $138.22 Unrealized —

AAPL APPLE INC 1.4%

Value $2.214M Shares 7,651 Est. Cost $234.51 Unrealized —

SMH VANECK ETF TRUST 0.4%

Value $637K Shares 971 Est. Cost $211.47 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 0.7%

Value $1.128M Shares 1,511 Est. Cost $621.07 Unrealized —

CVX CHEVRON CORPORATION 0.3%

Value $477K Shares 2,877 Est. Cost $152.28 Unrealized —

EZPW EZCORP INC 0.2%

Value $307K Shares 8,893 Est. Cost $22.79 Unrealized —

MMM 3M CO 0.4%

Value $600K Shares 3,706 Est. Cost $128.38 Unrealized —

XOM EXXON MOBIL CORP 0.1%

Value $207K Shares 1,512 Est. Cost $138.74 Unrealized —

SHV ISHARES TR 1.0%

Value $1.551M Shares 14,051 Est. Cost $110.42 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	47,617	$9.528M	5.9%	$138.22	—	COM	67066G104
AAPL	APPLE INC	7,651	$2.214M	1.4%	$234.51	—	COM	037833100
SMH	VANECK ETF TRUST	971	$637K	0.4%	$211.47	—	SEMICONDUCTR ETF	92189F676
SPY	STATE STR SPDR S&P 500 ETF T	1,511	$1.128M	0.7%	$621.07	—	TR UNIT	78462F103
CVX	CHEVRON CORPORATION	2,877	$477K	0.3%	$152.28	—	COM	166764100
EZPW	EZCORP INC	8,893	$307K	0.2%	$22.79	—	CL A NON VTG	302301106
MMM	3M CO	3,706	$600K	0.4%	$128.38	—	COM	88579Y101
XOM	EXXON MOBIL CORP	1,512	$207K	0.1%	$138.74	—	COM	30231G102
SHV	ISHARES TR	14,051	$1.551M	1.0%	$110.42	—	TRUST ISHARE 0-1	464288679