Steadtrust LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMTM	AMENTUM HOLDINGS INC	50,400	$1,462	0.9%	$25.56	0.0%	COM	023939101
LLY	ELI LILLY & CO	1,197	$1,286	0.8%	$955.55	0.0%	COM	532457108
PPTA	PERPETUA RESOURCES CORP	34,900	$845	0.5%	$24.60	0.0%	COM	714266103
ECG	EVERUS CONSTR GROUP	9,850	$843	0.5%	$89.47	0.0%	COM	300426103
VISN	COMMSCOPE HLDG CO INC	42,100	$763	0.5%	$17.25	0.0%	COM	20337X109
BMY	BRISTOL-MYERS SQUIBB CO	11,732	$633	0.4%	$47.53	0.0%	COM	110122108
HPE	HEWLETT PACKARD ENTERPRISE C	24,660	$592	0.4%	$23.44	0.0%	COM	42824C109
ONC	BEONE MEDICINES LTD	1,600	$486	0.3%	$303.81	—	SPONSORED ADS	07725L102
HQY	HEALTHEQUITY INC	3,070	$281	0.2%	$95.73	0.0%	COM	42226A107
CVX	CHEVRON CORP NEW	1,484	$226	0.1%	$151.40	0.0%	COM	166764100
GEV	GE VERNOVA INC	315	$206	0.1%	$609.04	0.0%	COM	36828A101
KEP	KOREA ELEC PWR CORP	11,500	$190	0.1%	$16.50	—	SPONSORED ADR	500631106
—	BANK MONTREAL MEDIUM	12,500	$66	0.0%	$5.27	—	MICROSECTORS FA	06367V402
LSF	LAIRD SUPERFOOD INC	20,000	$44	0.0%	$2.22	—	COM STK	50736T102

Increased Positions (24)

LYB LYONDELLBASELL INDUSTRIES N 1.0%

Value ($000) $1,662 (+225.8%) Shares 38,380 (+269.0%) Est. Cost $47.14 Unrealized -5.7%

DAR DARLING INGREDIENTS INC 1.6%

Value ($000) $2,644 (+60.9%) Shares 73,450 (+37.9%) Est. Cost $33.17 Unrealized +2.1%

STX SEAGATE TECHNOLOGY HLDNGS PL 1.3%

Value ($000) $2,060 (+34.7%) Shares 7,480 (+15.4%) Est. Cost $123.35 Unrealized +109.9%

AESI ATLAS ENERGY SOLUTIONS INC 0.5%

Value ($000) $754 (+231.4%) Shares 80,000 (+300.0%) Est. Cost $10.61 Unrealized -4.7%

WMT WALMART INC 1.0%

Value ($000) $1,643 (+32.3%) Shares 14,750 (+22.4%) Est. Cost $97.04 Unrealized +10.5%

AGI ALAMOS GOLD INC NEW 1.8%

Value ($000) $2,972 (+12.6%) Shares 77,030 (+1.7%) Est. Cost $26.85 Unrealized +29.8%

GLW CORNING INC 2.4%

Value ($000) $3,846 (+8.9%) Shares 43,929 (+2.0%) Est. Cost $47.10 Unrealized +82.5%

TIPT TIPTREE INC 0.4%

Value ($000) $663 (+82.0%) Shares 36,274 (+90.9%) Est. Cost $20.36 Unrealized -10.5%

NGD NEW GOLD INC CDA 0.4%

Value ($000) $701 (+61.4%) Shares 80,500 (+33.1%) Est. Cost $5.17 Unrealized +45.7%

TDY TELEDYNE TECHNOLOGIES INC 1.0%

Value ($000) $1,694 (-11.5%) Shares 3,316 (+1.5%) Est. Cost $483.14 Unrealized +9.1%

JBL JABIL INC 1.3%

Value ($000) $2,091 (+9.4%) Shares 9,170 (+4.2%) Est. Cost $164.01 Unrealized +30.0%

JNJ JOHNSON & JOHNSON 0.4%

Value ($000) $686 (+35.3%) Shares 3,316 (+21.2%) Est. Cost $160.38 Unrealized +22.8%

ICCC IMMUCELL CORP 0.2%

Value ($000) $349 (+76.2%) Shares 56,770 (+79.1%) Est. Cost $6.13 Unrealized -3.9%

CNQ CANADIAN NAT RES LTD 0.8%

Value ($000) $1,353 (+10.3%) Shares 39,980 (+4.2%) Est. Cost $30.08 Unrealized +7.8%

FDX FEDEX CORP 0.2%

Value ($000) $360 (+44.8%) Shares 1,247 (+18.2%) Est. Cost $222.35 Unrealized +17.6%

NFLX NETFLIX INC 0.2%

Value ($000) $402 (-17.5%) Shares 4,284 (+955.2%) Est. Cost $109.16 Unrealized -1.2%

JCI JOHNSON CTLS INTL PLC 0.2%

Value ($000) $353 (+31.1%) Shares 2,951 (+20.4%) Est. Cost $96.17 Unrealized +19.4%

CALM CAL MAINE FOODS INC 1.4%

Value ($000) $2,226 (-2.9%) Shares 27,970 (+14.8%) Est. Cost $90.22 Unrealized -4.0%

PANW PALO ALTO NETWORKS INC 0.4%

Value ($000) $624 (-7.9%) Shares 3,385 (+1.8%) Est. Cost $185.99 Unrealized +8.5%

INDA ISHARES TR 0.6%

Value ($000) $1,026 (+5.2%) Shares 18,978 (+1.3%) Est. Cost $55.66 Unrealized —

LINC LINCOLN EDL SVCS CORP 0.5%

Value ($000) $733 (+6.3%) Shares 30,340 (+3.4%) Est. Cost $20.12 Unrealized +8.3%

TSN TYSON FOODS INC 0.2%

Value ($000) $329 (+10.5%) Shares 5,620 (+2.4%) Est. Cost $56.10 Unrealized -2.6%

MO ALTRIA GROUP INC 0.2%

Value ($000) $259 (+12.3%) Shares 4,492 (+28.6%) Est. Cost $56.71 Unrealized +4.7%

BAC BANK AMERICA CORP 0.2%

Value ($000) $341 (+8.9%) Shares 6,204 (+2.2%) Est. Cost $42.50 Unrealized +23.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LYB	LYONDELLBASELL INDUSTRIES N	38,380 (+269.0%)	$1,662 (+225.8%)	1.0%	$47.14	-5.7%	SHS - A -	N53745100
DAR	DARLING INGREDIENTS INC	73,450 (+37.9%)	$2,644 (+60.9%)	1.6%	$33.17	+2.1%	COM	237266101
STX	SEAGATE TECHNOLOGY HLDNGS PL	7,480 (+15.4%)	$2,060 (+34.7%)	1.3%	$123.35	+109.9%	ORD SHS	G7997R103
AESI	ATLAS ENERGY SOLUTIONS INC	80,000 (+300.0%)	$754 (+231.4%)	0.5%	$10.61	-4.7%	COM NEW	642045108
WMT	WALMART INC	14,750 (+22.4%)	$1,643 (+32.3%)	1.0%	$97.04	+10.5%	COM	931142103
AGI	ALAMOS GOLD INC NEW	77,030 (+1.7%)	$2,972 (+12.6%)	1.8%	$26.85	+29.8%	COM CL A	011532108
GLW	CORNING INC	43,929 (+2.0%)	$3,846 (+8.9%)	2.4%	$47.10	+82.5%	COM	219350105
TIPT	TIPTREE INC	36,274 (+90.9%)	$663 (+82.0%)	0.4%	$20.36	-10.5%	COM	88822Q103
NGD	NEW GOLD INC CDA	80,500 (+33.1%)	$701 (+61.4%)	0.4%	$5.17	+45.7%	COM	644535106
TDY	TELEDYNE TECHNOLOGIES INC	3,316 (+1.5%)	$1,694 (-11.5%)	1.0%	$483.14	+9.1%	COM	879360105
JBL	JABIL INC	9,170 (+4.2%)	$2,091 (+9.4%)	1.3%	$164.01	+30.0%	COM	466313103
JNJ	JOHNSON & JOHNSON	3,316 (+21.2%)	$686 (+35.3%)	0.4%	$160.38	+22.8%	COM	478160104
ICCC	IMMUCELL CORP	56,770 (+79.1%)	$349 (+76.2%)	0.2%	$6.13	-3.9%	COM PAR	452525306
CNQ	CANADIAN NAT RES LTD	39,980 (+4.2%)	$1,353 (+10.3%)	0.8%	$30.08	+7.8%	COM	136385101
FDX	FEDEX CORP	1,247 (+18.2%)	$360 (+44.8%)	0.2%	$222.35	+17.6%	COM	31428X106
NFLX	NETFLIX INC	4,284 (+955.2%)	$402 (-17.5%)	0.2%	$109.16	-1.2%	COM	64110L106
JCI	JOHNSON CTLS INTL PLC	2,951 (+20.4%)	$353 (+31.1%)	0.2%	$96.17	+19.4%	SHS	G51502105
CALM	CAL MAINE FOODS INC	27,970 (+14.8%)	$2,226 (-2.9%)	1.4%	$90.22	-4.0%	COM NEW	128030202
PANW	PALO ALTO NETWORKS INC	3,385 (+1.8%)	$624 (-7.9%)	0.4%	$185.99	+8.5%	COM	697435105
INDA	ISHARES TR	18,978 (+1.3%)	$1,026 (+5.2%)	0.6%	$55.66	—	MSCI INDIA ETF	46429B598
LINC	LINCOLN EDL SVCS CORP	30,340 (+3.4%)	$733 (+6.3%)	0.5%	$20.12	+8.3%	COM	533535100
TSN	TYSON FOODS INC	5,620 (+2.4%)	$329 (+10.5%)	0.2%	$56.10	-2.6%	CL A	902494103
MO	ALTRIA GROUP INC	4,492 (+28.6%)	$259 (+12.3%)	0.2%	$56.71	+4.7%	COM	02209S103
BAC	BANK AMERICA CORP	6,204 (+2.2%)	$341 (+8.9%)	0.2%	$42.50	+23.9%	COM	060505104

Exited Positions (11)

ELME ELME COMMUNITIES 0.4%

Value ($000) $674 Shares 40,000 Est. Cost $15.90 Unrealized —

MMYT MAKEMYTRIP LIMITED MAURITIUS 0.3%

Value ($000) $555 Shares 5,930 Est. Cost $100.86 Unrealized -18.7%

RDY DR REDDYS LABS LTD 0.3%

Value ($000) $508 Shares 36,350 Est. Cost $15.03 Unrealized —

ARCC ARES CAPITAL CORP 0.2%

Value ($000) $251 Shares 12,280 Est. Cost $19.97 Unrealized -0.9%

HUN HUNTSMAN CORP 0.1%

Value ($000) $229 Shares 25,500 Est. Cost $10.51 Unrealized -12.9%

OBDC BLUE OWL CAPITAL CORPORATION 0.1%

Value ($000) $226 Shares 17,700 Est. Cost $13.05 Unrealized -5.3%

TELFY TELEFONICA S A 0.1%

Value ($000) $218 Shares 43,000 Est. Cost $5.23 Unrealized —

EQNR EQUINOR ASA 0.1%

Value ($000) $205 Shares 8,400 Est. Cost $25.14 Unrealized —

ESOA ENERGY SVCS ACQUISITION CORP 0.1%

Value ($000) $202 Shares 19,500 Est. Cost $9.48 Unrealized +1.0%

WULF TERAWULF INC 0.1%

Value ($000) $166 Shares 14,500 Est. Cost $7.64 Unrealized +75.4%

MOMO HELLO GROUP INC 0.1%

Value ($000) $82 Shares 11,000 Est. Cost $8.44 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ELME	ELME COMMUNITIES	40,000	$674	0.4%	$15.90	—	—	939653101
MMYT	MAKEMYTRIP LIMITED MAURITIUS	5,930	$555	0.3%	$100.86	-18.7%	—	V5633W109
RDY	DR REDDYS LABS LTD	36,350	$508	0.3%	$15.03	—	—	256135203
ARCC	ARES CAPITAL CORP	12,280	$251	0.2%	$19.97	-0.9%	—	04010L103
HUN	HUNTSMAN CORP	25,500	$229	0.1%	$10.51	-12.9%	—	447011107
OBDC	BLUE OWL CAPITAL CORPORATION	17,700	$226	0.1%	$13.05	-5.3%	—	69121K104
TELFY	TELEFONICA S A	43,000	$218	0.1%	$5.23	—	—	879382208
EQNR	EQUINOR ASA	8,400	$205	0.1%	$25.14	—	—	29446M102
ESOA	ENERGY SVCS ACQUISITION CORP	19,500	$202	0.1%	$9.48	+1.0%	—	29271Q103
WULF	TERAWULF INC	14,500	$166	0.1%	$7.64	+75.4%	—	88080T104
MOMO	HELLO GROUP INC	11,000	$82	0.1%	$8.44	—	—	423403104

Decreased Positions (21)

HL HECLA MNG CO 5.5%

Value ($000) $8,940 (+39.6%) Shares 465,880 (-12.0%) Est. Cost $5.51 Unrealized +177.2%

AEM AGNICO EAGLE MINES LTD 8.0%

Value ($000) $12,992 (-13.0%) Shares 76,634 (-13.5%) Est. Cost $115.22 Unrealized +45.7%

PAAS PAN AMERN SILVER CORP 4.3%

Value ($000) $6,984 (+21.1%) Shares 134,800 (-9.5%) Est. Cost $25.88 Unrealized +61.8%

IREN IREN LIMITED 0.2%

Value ($000) $326 (-71.9%) Shares 8,620 (-65.1%) Est. Cost $24.29 Unrealized +112.4%

GOOG ALPHABET INC 2.6%

Value ($000) $4,265 (+20.0%) Shares 13,591 (-6.9%) Est. Cost $169.07 Unrealized +69.4%

DELL DELL TECHNOLOGIES INC 1.3%

Value ($000) $2,187 (-19.4%) Shares 17,371 (-9.2%) Est. Cost $101.32 Unrealized +38.9%

GOOGL ALPHABET INC 1.9%

Value ($000) $3,077 (+17.0%) Shares 9,830 (-9.1%) Est. Cost $166.21 Unrealized +71.8%

AAPL APPLE INC 4.5%

Value ($000) $7,243 (+5.5%) Shares 26,641 (-1.2%) Est. Cost $206.95 Unrealized +29.7%

NEM NEWMONT CORP 0.6%

Value ($000) $947 (-27.2%) Shares 9,486 (-38.5%) Est. Cost $52.90 Unrealized +70.5%

GGAL GRUPO FINANCIERO GALICIA S.A 0.5%

Value ($000) $820 (+74.6%) Shares 15,204 (-10.8%) Est. Cost $39.04 Unrealized —

ADT ADT INC DEL 0.1%

Value ($000) $241 (-57.6%) Shares 29,900 (-54.2%) Est. Cost $8.04 Unrealized +2.9%

BIDU BAIDU INC 0.7%

Value ($000) $1,088 (-21.7%) Shares 8,325 (-21.1%) Est. Cost $85.76 Unrealized —

UHAL/B U HAUL HOLDING COMPANY 0.4%

Value ($000) $646 (-29.1%) Shares 13,820 (-22.8%) Est. Cost $55.82 Unrealized -12.8%

HIMX HIMAX TECHNOLOGIES INC 0.2%

Value ($000) $267 (-26.4%) Shares 32,600 (-20.7%) Est. Cost $8.92 Unrealized —

WY WEYERHAEUSER CO MTN BE 0.4%

Value ($000) $712 (-7.5%) Shares 30,075 (-3.2%) Est. Cost $25.57 Unrealized -10.1%

MSA MSA SAFETY INC 0.3%

Value ($000) $532 (-9.7%) Shares 3,325 (-2.9%) Est. Cost $156.47 Unrealized +4.1%

CVS CVS HEALTH CORP 0.4%

Value ($000) $728 (-5.1%) Shares 9,175 (-9.8%) Est. Cost $64.25 Unrealized +22.5%

AMZN AMAZON COM INC 1.1%

Value ($000) $1,860 (+1.5%) Shares 8,060 (-3.5%) Est. Cost $202.39 Unrealized +13.0%

EMB ISHARES TR 0.8%

Value ($000) $1,276 (-1.6%) Shares 13,250 (-2.7%) Est. Cost $92.62 Unrealized —

POWL POWELL INDS INC 0.4%

Value ($000) $728 (-1.9%) Shares 2,285 (-6.2%) Est. Cost $180.41 Unrealized +86.5%

BG BUNGE GLOBAL SA 0.6%

Value ($000) $921 (-0.0%) Shares 10,339 (-8.8%) Est. Cost $77.10 Unrealized +19.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HL	HECLA MNG CO	465,880 (-12.0%)	$8,940 (+39.6%)	5.5%	$5.51	+177.2%	COM	422704106
AEM	AGNICO EAGLE MINES LTD	76,634 (-13.5%)	$12,992 (-13.0%)	8.0%	$115.22	+45.7%	COM	008474108
PAAS	PAN AMERN SILVER CORP	134,800 (-9.5%)	$6,984 (+21.1%)	4.3%	$25.88	+61.8%	COM	697900108
IREN	IREN LIMITED	8,620 (-65.1%)	$326 (-71.9%)	0.2%	$24.29	+112.4%	ORDINARY SHARES	Q4982L109
GOOG	ALPHABET INC	13,591 (-6.9%)	$4,265 (+20.0%)	2.6%	$169.07	+69.4%	CAP STK CL C	02079K107
DELL	DELL TECHNOLOGIES INC	17,371 (-9.2%)	$2,187 (-19.4%)	1.3%	$101.32	+38.9%	CL C	24703L202
GOOGL	ALPHABET INC	9,830 (-9.1%)	$3,077 (+17.0%)	1.9%	$166.21	+71.8%	CAP STK CL A	02079K305
AAPL	APPLE INC	26,641 (-1.2%)	$7,243 (+5.5%)	4.5%	$206.95	+29.7%	COM	037833100
NEM	NEWMONT CORP	9,486 (-38.5%)	$947 (-27.2%)	0.6%	$52.90	+70.5%	COM	651639106
GGAL	GRUPO FINANCIERO GALICIA S.A	15,204 (-10.8%)	$820 (+74.6%)	0.5%	$39.04	—	SPONSORED ADR	399909100
ADT	ADT INC DEL	29,900 (-54.2%)	$241 (-57.6%)	0.1%	$8.04	+2.9%	COM	00090Q103
BIDU	BAIDU INC	8,325 (-21.1%)	$1,088 (-21.7%)	0.7%	$85.76	—	SPON ADR REP A	056752108
UHAL/B	U HAUL HOLDING COMPANY	13,820 (-22.8%)	$646 (-29.1%)	0.4%	$55.82	-12.8%	COM SER N	023586506
HIMX	HIMAX TECHNOLOGIES INC	32,600 (-20.7%)	$267 (-26.4%)	0.2%	$8.92	—	SPONSORED ADR	43289P106
WY	WEYERHAEUSER CO MTN BE	30,075 (-3.2%)	$712 (-7.5%)	0.4%	$25.57	-10.1%	COM NEW	962166104
MSA	MSA SAFETY INC	3,325 (-2.9%)	$532 (-9.7%)	0.3%	$156.47	+4.1%	COM	553498106
CVS	CVS HEALTH CORP	9,175 (-9.8%)	$728 (-5.1%)	0.4%	$64.25	+22.5%	COM	126650100
AMZN	AMAZON COM INC	8,060 (-3.5%)	$1,860 (+1.5%)	1.1%	$202.39	+13.0%	COM	023135106
EMB	ISHARES TR	13,250 (-2.7%)	$1,276 (-1.6%)	0.8%	$92.62	—	JPMORGAN USD EMG	464288281
POWL	POWELL INDS INC	2,285 (-6.2%)	$728 (-1.9%)	0.4%	$180.41	+86.5%	COM	739128106
BG	BUNGE GLOBAL SA	10,339 (-8.8%)	$921 (-0.0%)	0.6%	$77.10	+19.1%	COM SHS	H11356104

Unchanged Positions (62)

COHR COHERENT CORP 2.7%

Value ($000) $4,456 Shares 24,140 Est. Cost $71.97 Unrealized +107.8%

XOM EXXON MOBIL CORP 5.6%

Value ($000) $9,125 Shares 75,831 Est. Cost $104.51 Unrealized +10.5%

CRESY CRESUD S A C I F Y A 1.0%

Value ($000) $1,700 Shares 134,608 Est. Cost $10.76 Unrealized —

TEVA TEVA PHARMACEUTICAL INDS LTD 0.7%

Value ($000) $1,164 Shares 37,300 Est. Cost $18.02 Unrealized —

MSFT MICROSOFT CORP 3.4%

Value ($000) $5,488 Shares 11,348 Est. Cost $437.49 Unrealized +14.4%

BX BLACKSTONE INC 1.9%

Value ($000) $3,083 Shares 20,002 Est. Cost $135.11 Unrealized +12.1%

AER AERCAP HOLDINGS NV 1.3%

Value ($000) $2,105 Shares 14,640 Est. Cost $107.75 Unrealized +22.9%

YPF YPF SOCIEDAD ANONIMA 0.5%

Value ($000) $796 Shares 22,000 Est. Cost $31.45 Unrealized —

TGS TRANSPORTADORA DE GAS SUR 0.5%

Value ($000) $768 Shares 24,700 Est. Cost $25.90 Unrealized —

GS GOLDMAN SACHS GROUP INC 1.5%

Value ($000) $2,390 Shares 2,719 Est. Cost $584.87 Unrealized +39.1%

RIO RIO TINTO PLC 0.7%

Value ($000) $1,202 Shares 15,020 Est. Cost $58.33 Unrealized —

LPTH LIGHTPATH TECHNOLOGIES INC 0.5%

Value ($000) $755 Shares 69,879 Est. Cost $2.48 Unrealized +226.5%

SBSW SIBANYE STILLWATER LTD 0.5%

Value ($000) $884 Shares 62,000 Est. Cost $7.22 Unrealized —

BABA ALIBABA GROUP HLDG LTD 0.5%

Value ($000) $799 Shares 5,452 Est. Cost $115.35 Unrealized —

WMB WILLIAMS COS INC 1.9%

Value ($000) $3,012 Shares 50,111 Est. Cost $57.67 Unrealized +4.2%

FEIM FREQUENCY ELECTRS INC 0.2%

Value ($000) $377 Shares 7,000 Est. Cost $27.78 Unrealized +32.4%

MSI MOTOROLA SOLUTIONS INC 0.4%

Value ($000) $629 Shares 1,640 Est. Cost $415.08 Unrealized -3.4%

MRK MERCK & CO INC 0.3%

Value ($000) $565 Shares 5,371 Est. Cost $77.39 Unrealized +20.5%

ALVO ALVOTECH 0.1%

Value ($000) $182 Shares 35,395 Est. Cost $9.39 Unrealized -32.7%

ALIT ALIGHT INC 0.1%

Value ($000) $137 Shares 70,000 Est. Cost $5.18 Unrealized -52.5%

AGNC AGNC INVT CORP 0.6%

Value ($000) $954 Shares 88,992 Est. Cost $9.19 Unrealized —

RTX RTX CORPORATION 0.5%

Value ($000) $885 Shares 4,826 Est. Cost $131.75 Unrealized +31.6%

JBS JBS N.V. 1.5%

Value ($000) $2,504 Shares 173,630 Est. Cost $14.08 Unrealized -2.4%

IPI INTREPID POTASH INC 0.4%

Value ($000) $716 Shares 25,830 Est. Cost $34.10 Unrealized -21.2%

AXON AXON ENTERPRISE INC 0.2%

Value ($000) $250 Shares 440 Est. Cost $680.44 Unrealized -8.8%

LNC LINCOLN NATL CORP IND 0.4%

Value ($000) $690 Shares 15,500 Est. Cost $37.80 Unrealized +8.9%

SONY SONY GROUP CORP 0.3%

Value ($000) $522 Shares 20,400 Est. Cost $26.03 Unrealized —

NVS NOVARTIS AG 0.5%

Value ($000) $792 Shares 5,742 Est. Cost $121.17 Unrealized —

JXN JACKSON FINANCIAL INC 0.6%

Value ($000) $1,027 Shares 9,630 Est. Cost $79.10 Unrealized +25.1%

QCOM QUALCOMM INC 1.2%

Value ($000) $1,875 Shares 10,964 Est. Cost $145.31 Unrealized +17.5%

EPOL ISHARES TR 0.4%

Value ($000) $598 Shares 17,000 Est. Cost $32.26 Unrealized —

NMIH NMI HLDGS INC 0.5%

Value ($000) $816 Shares 20,000 Est. Cost $37.57 Unrealized +0.6%

IDXX IDEXX LABS INC 0.4%

Value ($000) $710 Shares 1,050 Est. Cost $478.19 Unrealized +42.4%

META META PLATFORMS INC 0.2%

Value ($000) $368 Shares 558 Est. Cost $743.23 Unrealized -10.2%

SOBO SOUTH BOW CORP 0.6%

Value ($000) $943 Shares 34,320 Est. Cost $24.96 Unrealized +8.8%

XYL XYLEM INC 0.2%

Value ($000) $395 Shares 2,902 Est. Cost $120.19 Unrealized +19.5%

INGR INGREDION INC 0.2%

Value ($000) $301 Shares 2,732 Est. Cost $135.02 Unrealized -16.5%

PNR PENTAIR PLC 0.3%

Value ($000) $493 Shares 4,733 Est. Cost $92.89 Unrealized +14.9%

KMI KINDER MORGAN INC DEL 0.6%

Value ($000) $998 Shares 36,300 Est. Cost $26.76 Unrealized +0.5%

EMBJ EMBRAER S.A. 0.3%

Value ($000) $470 Shares 7,300 Est. Cost $56.91 Unrealized —

KKR KKR & CO INC 0.8%

Value ($000) $1,377 Shares 10,800 Est. Cost $116.65 Unrealized +6.5%

CNM CORE & MAIN INC 0.4%

Value ($000) $727 Shares 13,980 Est. Cost $53.49 Unrealized -4.1%

BTI BRITISH AMERN TOB PLC 0.2%

Value ($000) $340 Shares 6,000 Est. Cost $47.33 Unrealized —

APO APOLLO GLOBAL MGMT INC 0.1%

Value ($000) $240 Shares 1,656 Est. Cost $140.75 Unrealized -5.8%

ABT ABBOTT LABS 0.2%

Value ($000) $260 Shares 2,072 Est. Cost $130.60 Unrealized -2.5%

VNM VANECK ETF TRUST 0.2%

Value ($000) $267 Shares 14,000 Est. Cost $13.75 Unrealized —

PG PROCTER AND GAMBLE CO 0.1%

Value ($000) $228 Shares 1,591 Est. Cost $160.68 Unrealized -8.4%

AROC ARCHROCK INC 0.8%

Value ($000) $1,301 Shares 50,000 Est. Cost $23.84 Unrealized +3.3%

AEP AMERICAN ELEC PWR CO INC 0.3%

Value ($000) $536 Shares 4,650 Est. Cost $108.19 Unrealized +8.8%

— NUVEEN SELECT TAX-FREE INCOM 0.3%

Value ($000) $423 Shares 30,000 Est. Cost $14.05 Unrealized —

GE GE AEROSPACE 0.2%

Value ($000) $390 Shares 1,265 Est. Cost $233.18 Unrealized +29.0%

TSLA TESLA INC 0.4%

Value ($000) $601 Shares 1,336 Est. Cost $346.84 Unrealized +27.8%

NVT NVENT ELECTRIC PLC 0.2%

Value ($000) $247 Shares 2,423 Est. Cost $86.47 Unrealized +19.8%

BXSL BLACKSTONE SECD LENDING FD 1.0%

Value ($000) $1,598 Shares 60,700 Est. Cost $28.09 Unrealized -7.1%

NVDA NVIDIA CORPORATION 0.6%

Value ($000) $916 Shares 4,909 Est. Cost $150.02 Unrealized +24.1%

ABBV ABBVIE INC 0.3%

Value ($000) $553 Shares 2,420 Est. Cost $183.70 Unrealized +23.9%

— NUVEEN MUN VALUE FD INC 0.4%

Value ($000) $598 Shares 66,000 Est. Cost $8.69 Unrealized —

WTTR SELECT WATER SOLUTIONS INC 0.2%

Value ($000) $316 Shares 30,000 Est. Cost $8.64 Unrealized —

PSTL POSTAL REALTY TRUST INC 0.1%

Value ($000) $178 Shares 11,000 Est. Cost $14.73 Unrealized —

TRP TC ENERGY CORP 0.3%

Value ($000) $446 Shares 8,100 Est. Cost $48.46 Unrealized +10.1%

PM PHILIP MORRIS INTL INC 0.3%

Value ($000) $424 Shares 2,641 Est. Cost $167.30 Unrealized -8.2%

AMBP ARDAGH METAL PACKAGING S A 0.1%

Value ($000) $82 Shares 20,000 Est. Cost $3.65 Unrealized +3.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COHR	COHERENT CORP	24,140	$4,456	2.7%	$71.97	+107.8%	COM	19247G107
XOM	EXXON MOBIL CORP	75,831	$9,125	5.6%	$104.51	+10.5%	COM	30231G102
CRESY	CRESUD S A C I F Y A	134,608	$1,700	1.0%	$10.76	—	SPONSORED ADR	226406106
TEVA	TEVA PHARMACEUTICAL INDS LTD	37,300	$1,164	0.7%	$18.02	—	SPONSORED ADS	881624209
MSFT	MICROSOFT CORP	11,348	$5,488	3.4%	$437.49	+14.4%	COM	594918104
BX	BLACKSTONE INC	20,002	$3,083	1.9%	$135.11	+12.1%	COM	09260D107
AER	AERCAP HOLDINGS NV	14,640	$2,105	1.3%	$107.75	+22.9%	SHS	N00985106
YPF	YPF SOCIEDAD ANONIMA	22,000	$796	0.5%	$31.45	—	SPON ADR CL D	984245100
TGS	TRANSPORTADORA DE GAS SUR	24,700	$768	0.5%	$25.90	—	SPONSORED ADS B	893870204
GS	GOLDMAN SACHS GROUP INC	2,719	$2,390	1.5%	$584.87	+39.1%	COM	38141G104
RIO	RIO TINTO PLC	15,020	$1,202	0.7%	$58.33	—	SPONSORED ADR	767204100
LPTH	LIGHTPATH TECHNOLOGIES INC	69,879	$755	0.5%	$2.48	+226.5%	COM CL A	532257805
SBSW	SIBANYE STILLWATER LTD	62,000	$884	0.5%	$7.22	—	SPONSORED ADR	82575P107
BABA	ALIBABA GROUP HLDG LTD	5,452	$799	0.5%	$115.35	—	SPONSORED ADS	01609W102
WMB	WILLIAMS COS INC	50,111	$3,012	1.9%	$57.67	+4.2%	COM	969457100
FEIM	FREQUENCY ELECTRS INC	7,000	$377	0.2%	$27.78	+32.4%	COM	358010106
MSI	MOTOROLA SOLUTIONS INC	1,640	$629	0.4%	$415.08	-3.4%	COM NEW	620076307
MRK	MERCK & CO INC	5,371	$565	0.3%	$77.39	+20.5%	COM	58933Y105
ALVO	ALVOTECH	35,395	$182	0.1%	$9.39	-32.7%	ORDINARY SHARES	L01800108
ALIT	ALIGHT INC	70,000	$137	0.1%	$5.18	-52.5%	COM CL A	01626W101
AGNC	AGNC INVT CORP	88,992	$954	0.6%	$9.19	—	COM	00123Q104
RTX	RTX CORPORATION	4,826	$885	0.5%	$131.75	+31.6%	COM	75513E101
JBS	JBS N.V.	173,630	$2,504	1.5%	$14.08	-2.4%	CL A SHS	N4732M103
IPI	INTREPID POTASH INC	25,830	$716	0.4%	$34.10	-21.2%	COM	46121Y201
AXON	AXON ENTERPRISE INC	440	$250	0.2%	$680.44	-8.8%	COM	05464C101
LNC	LINCOLN NATL CORP IND	15,500	$690	0.4%	$37.80	+8.9%	COM	534187109
SONY	SONY GROUP CORP	20,400	$522	0.3%	$26.03	—	SPONSORED ADR	835699307
NVS	NOVARTIS AG	5,742	$792	0.5%	$121.17	—	SPONSORED ADR	66987V109
JXN	JACKSON FINANCIAL INC	9,630	$1,027	0.6%	$79.10	+25.1%	COM CL A	46817M107
QCOM	QUALCOMM INC	10,964	$1,875	1.2%	$145.31	+17.5%	COM	747525103
EPOL	ISHARES TR	17,000	$598	0.4%	$32.26	—	MSCI POLAND ETF	46429B606
NMIH	NMI HLDGS INC	20,000	$816	0.5%	$37.57	+0.6%	COM	629209305
IDXX	IDEXX LABS INC	1,050	$710	0.4%	$478.19	+42.4%	COM	45168D104
META	META PLATFORMS INC	558	$368	0.2%	$743.23	-10.2%	CL A	30303M102
SOBO	SOUTH BOW CORP	34,320	$943	0.6%	$24.96	+8.8%	COM	83671M105
XYL	XYLEM INC	2,902	$395	0.2%	$120.19	+19.5%	COM	98419M100
INGR	INGREDION INC	2,732	$301	0.2%	$135.02	-16.5%	COM	457187102
PNR	PENTAIR PLC	4,733	$493	0.3%	$92.89	+14.9%	SHS	G7S00T104
KMI	KINDER MORGAN INC DEL	36,300	$998	0.6%	$26.76	+0.5%	COM	49456B101
EMBJ	EMBRAER S.A.	7,300	$470	0.3%	$56.91	—	SPONSORED ADS	29082A107
KKR	KKR & CO INC	10,800	$1,377	0.8%	$116.65	+6.5%	COM	48251W104
CNM	CORE & MAIN INC	13,980	$727	0.4%	$53.49	-4.1%	CL A	21874C102
BTI	BRITISH AMERN TOB PLC	6,000	$340	0.2%	$47.33	—	SPONSORED ADR	110448107
APO	APOLLO GLOBAL MGMT INC	1,656	$240	0.1%	$140.75	-5.8%	COM	03769M106
ABT	ABBOTT LABS	2,072	$260	0.2%	$130.60	-2.5%	COM	002824100
VNM	VANECK ETF TRUST	14,000	$267	0.2%	$13.75	—	VANECK VIETNAM	92189F817
PG	PROCTER AND GAMBLE CO	1,591	$228	0.1%	$160.68	-8.4%	COM	742718109
AROC	ARCHROCK INC	50,000	$1,301	0.8%	$23.84	+3.3%	COM	03957W106
AEP	AMERICAN ELEC PWR CO INC	4,650	$536	0.3%	$108.19	+8.8%	COM	025537101
—	NUVEEN SELECT TAX-FREE INCOM	30,000	$423	0.3%	$14.05	—	SH BEN INT	67062F100
GE	GE AEROSPACE	1,265	$390	0.2%	$233.18	+29.0%	COM NEW	369604301
TSLA	TESLA INC	1,336	$601	0.4%	$346.84	+27.8%	COM	88160R101
NVT	NVENT ELECTRIC PLC	2,423	$247	0.2%	$86.47	+19.8%	SHS	G6700G107
BXSL	BLACKSTONE SECD LENDING FD	60,700	$1,598	1.0%	$28.09	-7.1%	COMMON STOCK	09261X102
NVDA	NVIDIA CORPORATION	4,909	$916	0.6%	$150.02	+24.1%	COM	67066G104
ABBV	ABBVIE INC	2,420	$553	0.3%	$183.70	+23.9%	COM	00287Y109
—	NUVEEN MUN VALUE FD INC	66,000	$598	0.4%	$8.69	—	COM	670928100
WTTR	SELECT WATER SOLUTIONS INC	30,000	$316	0.2%	$8.64	—	CL A COM	81617J301
PSTL	POSTAL REALTY TRUST INC	11,000	$178	0.1%	$14.73	—	CL A	73757R102
TRP	TC ENERGY CORP	8,100	$446	0.3%	$48.46	+10.1%	COM	87807B107
PM	PHILIP MORRIS INTL INC	2,641	$424	0.3%	$167.30	-8.2%	COM	718172109
AMBP	ARDAGH METAL PACKAGING S A	20,000	$82	0.1%	$3.65	+3.8%	SHS	L02235106