Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
OPI	Office Properties Income Trust	740,803	$12.59M	8.6%	$17.00	—	—	67623C307
CBZ	CBIZ Inc	163,214	$5.236M	3.6%	$32.08	—	—	124805102
INTU	Intuit Inc	18,031	$4.706M	3.2%	$260.99	—	—	461202103
ALIT	ALIGHT INC	7,142,918	$4M	2.7%	$0.56	—	—	01626W200
GPK	Graphic Packaging Holding Co	217,900	$2.303M	1.6%	$10.57	—	—	388689101
HRB	H & R Block Inc	48,664	$1.853M	1.3%	$38.08	—	—	093671105
PAYC	Paycom Software Inc	13,110	$1.647M	1.1%	$125.63	—	—	70432V102
ACN	Accenture PLC	7,500	$933K	0.6%	$124.40	—	—	G1151C101
ADBG	Leverage Shares 2x Long Adbe Daily Etf	281,375	$841K	0.6%	$2.99	—	—	882927387
DQ	Daqo New Energy Corp	54,100	$724K	0.5%	$13.38	—	—	23703Q203
TOST	Toast Inc	23,000	$640K	0.4%	$27.83	—	—	888787108
TPET	Trio Petroleum Corp	859,342	$266K	0.2%	$0.31	—	—	89669L207
BIRD	Smartbird Inc	46,499	$186K	0.1%	$4.00	—	—	01675A208
PSQH	PSQ Holdings Inc	76,000	$31,000	0.0%	$0.41	—	—	693691206
BGL	Blue Gold Ltd	82,900	$23,000	0.0%	$0.28	—	—	G1331C104
RBNE	Robin Energy Ltd	25,597	$17,000	0.0%	$0.66	—	—	Y73118120
BATL	Battalion Oil Corp	11,958	$16,000	0.0%	$1.34	—	—	07134L107
DFNS	T3 Defense Inc	39,722	$7,000	0.0%	$0.18	—	—	67054R302
TWNPQ	Twin Hospitality Group Inc	24,000	$1,000	0.0%	$0.04	—	—	901643106

Increased Positions (28)

NONOF Novo Nordisk A/S 2.6%

Value $3.788M (-70.1%) Shares 78,800 (+43.8%) Est. Cost $52.05 Unrealized —

NWL Newell Brands Inc 5.7%

Value $8.332M (+334.4%) Shares 1,356,995 (+142.7%) Est. Cost $5.39 Unrealized —

MNRO Monro Muffler Brake Inc 3.5%

Value $5.209M (+888.4%) Shares 304,495 (+826.1%) Est. Cost $17.35 Unrealized —

YELP Yelp Inc 2.8%

Value $4.096M (+3203.2%) Shares 167,050 (+3241.0%) Est. Cost $24.71 Unrealized —

WW Ww International Inc 4.2%

Value $6.211M (+128.1%) Shares 388,655 (+96.1%) Est. Cost $21.17 Unrealized —

ADBE Adobe Inc 4.4%

Value $6.493M (+93.6%) Shares 31,672 (+129.5%) Est. Cost $241.98 Unrealized —

NINE Nine Energy Service Inc 4.4%

Value $6.51M (+74.5%) Shares 500,358 (+10.0%) Est. Cost $8.63 Unrealized —

VITL Vital Farms Inc 1.8%

Value $2.704M (+576.0%) Shares 232,480 (+721.0%) Est. Cost $13.60 Unrealized —

GOOG ALPHABET INC 3.1%

Value $4.523M (+79.2%) Shares 12,800 (+45.5%) Est. Cost $307.28 Unrealized —

TRIP TripAdvisor Inc 3.4%

Value $5.014M (+65.5%) Shares 365,683 (+28.7%) Est. Cost $14.02 Unrealized —

CNNE Cannae Holdings Inc 2.9%

Value $4.323M (+77.0%) Shares 300,240 (+39.7%) Est. Cost $15.18 Unrealized —

VEON VEON Ltd 1.9%

Value $2.777M (+54.3%) Shares 53,180 (+36.8%) Est. Cost $52.47 Unrealized —

SRG Seritage Growth Properties 2.3%

Value $3.318M (+38.7%) Shares 1,261,358 (+48.1%) Est. Cost $3.37 Unrealized —

SPWR SunPower Inc 0.7%

Value $1.074M (+60.8%) Shares 1,562,251 (+196.9%) Est. Cost $1.03 Unrealized —

KD Kyndryl Holdings Inc 3.2%

Value $4.77M (-5.8%) Shares 421,750 (+9.3%) Est. Cost $19.79 Unrealized —

KWEB KraneShares CSI China Internet ETF 0.9%

Value $1.367M (+23.9%) Shares 55,860 (+44.0%) Est. Cost $31.12 Unrealized —

WDAY Workday Inc 2.1%

Value $3.056M (+7.9%) Shares 24,960 (+14.5%) Est. Cost $166.27 Unrealized —

BABA Alibaba Group Holding Ltd 0.4%

Value $583K (-21.0%) Shares 6,061 (+3.1%) Est. Cost $145.09 Unrealized —

DFLI Dragonfly Energy Holdings Corp 0.1%

Value $123K (+161.7%) Shares 62,593 (+130.5%) Est. Cost $2.53 Unrealized —

DVLT Datavault AI Inc 0.1%

Value $106K (+231.3%) Shares 304,345 (+493.3%) Est. Cost $0.43 Unrealized —

EVTV Azio AI Holdings Inc 0.1%

Value $120K (+33.3%) Shares 70,372 (+30.3%) Est. Cost $1.96 Unrealized —

ARAI Arrive Ai Inc 0.0%

Value $50,000 (+138.1%) Shares 117,288 (+351.1%) Est. Cost $0.77 Unrealized —

NVNI NVNI GROUP LTD 0.0%

Value $33,000 (+175.0%) Shares 34,371 (+219.0%) Est. Cost $1.31 Unrealized —

CYPH Cypherpunk Technologies Inc 0.1%

Value $151K (+11.9%) Shares 246,460 (+2044.6%) Est. Cost $0.62 Unrealized —

VSEE VSee Health Inc 0.0%

Value $17,000 (-43.3%) Shares 142,908 (+19.1%) Est. Cost $0.34 Unrealized —

AIFF Firefly Neuroscience Inc 0.0%

Value $54,000 (+22.7%) Shares 44,552 (+122.3%) Est. Cost $1.07 Unrealized —

CMBM Cambium Networks Corp 0.0%

Value $7,000 (+250.0%) Shares 20,771 (+31.7%) Est. Cost $1.18 Unrealized —

BURU Nuburu Inc 0.0%

Value $14,000 (-26.3%) Shares 111,485 (+2.6%) Est. Cost $0.17 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NONOF	Novo Nordisk A/S	78,800 (+43.8%)	$3.788M (-70.1%)	2.6%	$52.05	—	—	K72807140
NWL	Newell Brands Inc	1,356,995 (+142.7%)	$8.332M (+334.4%)	5.7%	$5.39	—	—	651229106
MNRO	Monro Muffler Brake Inc	304,495 (+826.1%)	$5.209M (+888.4%)	3.5%	$17.35	—	—	610236101
YELP	Yelp Inc	167,050 (+3241.0%)	$4.096M (+3203.2%)	2.8%	$24.71	—	—	985817105
WW	Ww International Inc	388,655 (+96.1%)	$6.211M (+128.1%)	4.2%	$21.17	—	—	98262P200
ADBE	Adobe Inc	31,672 (+129.5%)	$6.493M (+93.6%)	4.4%	$241.98	—	—	00724F101
NINE	Nine Energy Service Inc	500,358 (+10.0%)	$6.51M (+74.5%)	4.4%	$8.63	—	—	65441V200
VITL	Vital Farms Inc	232,480 (+721.0%)	$2.704M (+576.0%)	1.8%	$13.60	—	—	92847W103
GOOG	ALPHABET INC	12,800 (+45.5%)	$4.523M (+79.2%)	3.1%	$307.28	—	—	02079K107
TRIP	TripAdvisor Inc	365,683 (+28.7%)	$5.014M (+65.5%)	3.4%	$14.02	—	—	896945201
CNNE	Cannae Holdings Inc	300,240 (+39.7%)	$4.323M (+77.0%)	2.9%	$15.18	—	—	13765N107
VEON	VEON Ltd	53,180 (+36.8%)	$2.777M (+54.3%)	1.9%	$52.47	—	—	91822M502
SRG	Seritage Growth Properties	1,261,358 (+48.1%)	$3.318M (+38.7%)	2.3%	$3.37	—	—	81752R100
SPWR	SunPower Inc	1,562,251 (+196.9%)	$1.074M (+60.8%)	0.7%	$1.03	—	—	20460L104
KD	Kyndryl Holdings Inc	421,750 (+9.3%)	$4.77M (-5.8%)	3.2%	$19.79	—	—	50155Q100
KWEB	KraneShares CSI China Internet ETF	55,860 (+44.0%)	$1.367M (+23.9%)	0.9%	$31.12	—	—	500767306
WDAY	Workday Inc	24,960 (+14.5%)	$3.056M (+7.9%)	2.1%	$166.27	—	—	98138H101
BABA	Alibaba Group Holding Ltd	6,061 (+3.1%)	$583K (-21.0%)	0.4%	$145.09	—	—	01609W102
DFLI	Dragonfly Energy Holdings Corp	62,593 (+130.5%)	$123K (+161.7%)	0.1%	$2.53	—	—	26145B403
DVLT	Datavault AI Inc	304,345 (+493.3%)	$106K (+231.3%)	0.1%	$0.43	—	—	86633R609
EVTV	Azio AI Holdings Inc	70,372 (+30.3%)	$120K (+33.3%)	0.1%	$1.96	—	—	29414V308
ARAI	Arrive Ai Inc	117,288 (+351.1%)	$50,000 (+138.1%)	0.0%	$0.77	—	—	04272H204
NVNI	NVNI GROUP LTD	34,371 (+219.0%)	$33,000 (+175.0%)	0.0%	$1.31	—	—	G50716128
CYPH	Cypherpunk Technologies Inc	246,460 (+2044.6%)	$151K (+11.9%)	0.1%	$0.62	—	—	52187K200
VSEE	VSee Health Inc	142,908 (+19.1%)	$17,000 (-43.3%)	0.0%	$0.34	—	—	92919Y102
AIFF	Firefly Neuroscience Inc	44,552 (+122.3%)	$54,000 (+22.7%)	0.0%	$1.07	—	—	317970101
CMBM	Cambium Networks Corp	20,771 (+31.7%)	$7,000 (+250.0%)	0.0%	$1.18	—	—	G17766109
BURU	Nuburu Inc	111,485 (+2.6%)	$14,000 (-26.3%)	0.0%	$0.17	—	—	67021W400

Exited Positions (56)

VSNT Versant Media Group Inc 2.1%

Value $3.131M Shares 84,578 Est. Cost $32.14 Unrealized —

EJTTF easyJet plc 1.9%

Value $2.777M Shares 800,000 Est. Cost $3.47 Unrealized —

DLAKF Deutsche Lufthansa AG 1.5%

Value $2.216M Shares 308,000 Est. Cost $10.31 Unrealized —

MX MagnaChip Semiconductor Corp 1.4%

Value $2.055M Shares 733,954 Est. Cost $2.80 Unrealized —

KVUE Kenvue Inc 1.2%

Value $1.772M Shares 102,800 Est. Cost $16.82 Unrealized —

HSIGF Hesai Group 0.8%

Value $1.243M Shares 8,800 Est. Cost $177.90 Unrealized —

DALXF Spartan Delta Corp 0.8%

Value $1.206M Shares 92,800 Est. Cost $4.75 Unrealized —

CALY Callaway Golf Company 0.8%

Value $1.153M Shares 83,092 Est. Cost $10.55 Unrealized —

GTE Gran Tierra Energy Inc 0.5%

Value $732K Shares 81,610 Est. Cost $4.22 Unrealized —

PNDZF Pandora A/S 0.4%

Value $567K Shares 1,250 Est. Cost $101.08 Unrealized —

JLL Jones Lang LaSalle Inc 0.4%

Value $548K Shares 1,800 Est. Cost $336.02 Unrealized —

KMX Carmax Inc 0.2%

Value $324K Shares 7,800 Est. Cost $41.75 Unrealized —

PENN Penn Entertainment Inc 0.2%

Value $280K Shares 18,600 Est. Cost $15.60 Unrealized —

M Macy's Inc 0.1%

Value $213K Shares 11,800 Est. Cost $20.47 Unrealized —

CRML Critical Metals Corp 0.1%

Value $211K Shares 26,617 Est. Cost $13.15 Unrealized —

ZYME Zymeworks Inc 0.1%

Value $205K Shares 8,197 Est. Cost $22.23 Unrealized —

ALIT ALIGHT INC 0.1%

Value $204K Shares 350,000 Est. Cost $1.89 Unrealized —

SION Sionna Therapeutics Inc 0.1%

Value $152K Shares 3,800 Est. Cost $38.41 Unrealized —

IMNM Immunome Inc 0.1%

Value $150K Shares 6,880 Est. Cost $17.55 Unrealized —

SHOP Shopify Inc 0.1%

Value $119K Shares 1,000 Est. Cost $136.45 Unrealized —

EWTX Edgewise Therapeutics Inc 0.1%

Value $108K Shares 3,427 Est. Cost $20.07 Unrealized —

CMPX Compass Therapeutics Inc. 0.1%

Value $95,000 Shares 18,000 Est. Cost $5.23 Unrealized —

RBNE Robin Energy Ltd 0.1%

Value $83,000 Shares 33,997 Est. Cost $3.88 Unrealized —

— Strongpoint ASA 0.0%

Value $60,000 Shares 5,696 Est. Cost $10.01 Unrealized —

FOLD Amicus Therapeutics Inc 0.0%

Value $59,000 Shares 4,082 Est. Cost $9.82 Unrealized —

OLOX Olenox Industries Inc 0.0%

Value $58,000 Shares 56,000 Est. Cost $1.33 Unrealized —

MBX Mbx Biosciences Inc 0.0%

Value $54,000 Shares 1,800 Est. Cost $24.26 Unrealized —

NRIX Nurix Therapeutics Inc 0.0%

Value $51,000 Shares 3,300 Est. Cost $17.34 Unrealized —

STOK Stoke Therapeutics Inc 0.0%

Value $49,000 Shares 1,500 Est. Cost $30.06 Unrealized —

PSQH PSQ Holdings Inc 0.0%

Value $40,000 Shares 76,000 Est. Cost $0.89 Unrealized —

ATLN Atlantic International Corp 0.0%

Value $32,000 Shares 10,712 Est. Cost $2.92 Unrealized —

SIDU Sidus Space Inc 0.0%

Value $28,000 Shares 12,000 Est. Cost $3.03 Unrealized —

KITT Nauticus Robotics Inc 0.0%

Value $27,000 Shares 55,029 Est. Cost $0.95 Unrealized —

ONDS Ondas Inc 0.0%

Value $26,000 Shares 2,903 Est. Cost $8.03 Unrealized —

BBWI Bath & Body Works Inc 0.0%

Value $22,000 Shares 1,191 Est. Cost $22.03 Unrealized —

AMC AMC Entertainment Holdings Inc 0.0%

Value $21,000 Shares 21,616 Est. Cost $1.43 Unrealized —

TXMD TherapeuticsMD Inc 0.0%

Value $18,000 Shares 9,069 Est. Cost $2.27 Unrealized —

JTAI Jet.AI Inc 0.0%

Value $18,000 Shares 204,731 Est. Cost $0.09 Unrealized —

NUVB Nuvation Bio Inc 0.0%

Value $17,000 Shares 3,872 Est. Cost $6.19 Unrealized —

KURA Kura Oncology Inc 0.0%

Value $15,000 Shares 1,788 Est. Cost $10.49 Unrealized —

BFLY Butterfly Network Inc 0.0%

Value $15,000 Shares 3,634 Est. Cost $2.98 Unrealized —

WKHS Workhorse Group Inc 0.0%

Value $12,000 Shares 4,001 Est. Cost $4.63 Unrealized —

VSTM Verastem Inc 0.0%

Value $10,000 Shares 1,894 Est. Cost $8.91 Unrealized —

CVKD Cadrenal Therapeutics Inc 0.0%

Value $8,000 Shares 1,492 Est. Cost $7.03 Unrealized —

ALLO Allogene Therapeutics Inc 0.0%

Value $8,000 Shares 3,234 Est. Cost $1.32 Unrealized —

VCIG Vci Global Ltd 0.0%

Value $8,000 Shares 5,136 Est. Cost $1.56 Unrealized —

OPFI OppFi Inc 0.0%

Value $8,000 Shares 1,065 Est. Cost $10.14 Unrealized —

ORBS Eightco Holdings Inc 0.0%

Value $8,000 Shares 8,456 Est. Cost $1.45 Unrealized —

HMR Heidmar Maritime Holdings Corp 0.0%

Value $4,000 Shares 4,730 Est. Cost $0.93 Unrealized —

GNPX Genprex Inc 0.0%

Value $4,000 Shares 2,195 Est. Cost $2.29 Unrealized —

EDHL Everbright Digital Holding Ltd 0.0%

Value $4,000 Shares 1,294 Est. Cost $3.09 Unrealized —

QVCGA QVC Group Inc 0.0%

Value $4,000 Shares 1,800 Est. Cost $10.88 Unrealized —

DFNS T3 Defense Inc 0.0%

Value $3,000 Shares 4,800 Est. Cost $2.74 Unrealized —

ITOC iTonic Holdings Ltd 0.0%

Value $2,000 Shares 5,248 Est. Cost $0.46 Unrealized —

NAKA Nakamoto Inc 0.0%

Value $1,000 Shares 4,925 Est. Cost $0.36 Unrealized —

— Party City Holdco Inc Restricted 0.0%

Value $0 Shares 10,873 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VSNT	Versant Media Group Inc	84,578	$3.131M	2.1%	$32.14	—	—	925283103
EJTTF	easyJet plc	800,000	$2.777M	1.9%	$3.47	—	—	G3030S109
DLAKF	Deutsche Lufthansa AG	308,000	$2.216M	1.5%	$10.31	—	—	D1908N106
MX	MagnaChip Semiconductor Corp	733,954	$2.055M	1.4%	$2.80	—	—	55933J203
KVUE	Kenvue Inc	102,800	$1.772M	1.2%	$16.82	—	—	49177J102
HSIGF	Hesai Group	8,800	$1.243M	0.8%	$177.90	—	—	G4417G106
DALXF	Spartan Delta Corp	92,800	$1.206M	0.8%	$4.75	—	—	84678A508
CALY	Callaway Golf Company	83,092	$1.153M	0.8%	$10.55	—	—	131193104
GTE	Gran Tierra Energy Inc	81,610	$732K	0.5%	$4.22	—	—	38500T200
PNDZF	Pandora A/S	1,250	$567K	0.4%	$101.08	—	—	K7681L102
JLL	Jones Lang LaSalle Inc	1,800	$548K	0.4%	$336.02	—	—	48020Q107
KMX	Carmax Inc	7,800	$324K	0.2%	$41.75	—	—	143130102
PENN	Penn Entertainment Inc	18,600	$280K	0.2%	$15.60	—	—	707569109
M	Macy's Inc	11,800	$213K	0.1%	$20.47	—	—	55616P104
CRML	Critical Metals Corp	26,617	$211K	0.1%	$13.15	—	—	G2662B103
ZYME	Zymeworks Inc	8,197	$205K	0.1%	$22.23	—	—	98985Y108
ALIT	ALIGHT INC	350,000	$204K	0.1%	$1.89	—	—	01626W101
SION	Sionna Therapeutics Inc	3,800	$152K	0.1%	$38.41	—	—	829401108
IMNM	Immunome Inc	6,880	$150K	0.1%	$17.55	—	—	45257U108
SHOP	Shopify Inc	1,000	$119K	0.1%	$136.45	—	—	82509L107
EWTX	Edgewise Therapeutics Inc	3,427	$108K	0.1%	$20.07	—	—	28036F105
CMPX	Compass Therapeutics Inc.	18,000	$95,000	0.1%	$5.23	—	—	20454B104
RBNE	Robin Energy Ltd	33,997	$83,000	0.1%	$3.88	—	—	Y73118112
—	Strongpoint ASA	5,696	$60,000	0.0%	$10.01	—	—	R1534S102
FOLD	Amicus Therapeutics Inc	4,082	$59,000	0.0%	$9.82	—	—	03152W109
OLOX	Olenox Industries Inc	56,000	$58,000	0.0%	$1.33	—	—	78418A703
MBX	Mbx Biosciences Inc	1,800	$54,000	0.0%	$24.26	—	—	55287L101
NRIX	Nurix Therapeutics Inc	3,300	$51,000	0.0%	$17.34	—	—	67080M103
STOK	Stoke Therapeutics Inc	1,500	$49,000	0.0%	$30.06	—	—	86150R107
PSQH	PSQ Holdings Inc	76,000	$40,000	0.0%	$0.89	—	—	693691107
ATLN	Atlantic International Corp	10,712	$32,000	0.0%	$2.92	—	—	048592109
SIDU	Sidus Space Inc	12,000	$28,000	0.0%	$3.03	—	—	826165201
KITT	Nauticus Robotics Inc	55,029	$27,000	0.0%	$0.95	—	—	63911H306
ONDS	Ondas Inc	2,903	$26,000	0.0%	$8.03	—	—	68236H204
BBWI	Bath & Body Works Inc	1,191	$22,000	0.0%	$22.03	—	—	070830104
AMC	AMC Entertainment Holdings Inc	21,616	$21,000	0.0%	$1.43	—	—	00165C302
TXMD	TherapeuticsMD Inc	9,069	$18,000	0.0%	$2.27	—	—	88338N206
JTAI	Jet.AI Inc	204,731	$18,000	0.0%	$0.09	—	—	47714H407
NUVB	Nuvation Bio Inc	3,872	$17,000	0.0%	$6.19	—	—	67080N101
KURA	Kura Oncology Inc	1,788	$15,000	0.0%	$10.49	—	—	50127T109
BFLY	Butterfly Network Inc	3,634	$15,000	0.0%	$2.98	—	—	124155102
WKHS	Workhorse Group Inc	4,001	$12,000	0.0%	$4.63	—	—	98138J503
VSTM	Verastem Inc	1,894	$10,000	0.0%	$8.91	—	—	92337C203
CVKD	Cadrenal Therapeutics Inc	1,492	$8,000	0.0%	$7.03	—	—	127636207
ALLO	Allogene Therapeutics Inc	3,234	$8,000	0.0%	$1.32	—	—	019770106
VCIG	Vci Global Ltd	5,136	$8,000	0.0%	$1.56	—	—	G98218400
OPFI	OppFi Inc	1,065	$8,000	0.0%	$10.14	—	—	68386H103
ORBS	Eightco Holdings Inc	8,456	$8,000	0.0%	$1.45	—	—	22890A302
HMR	Heidmar Maritime Holdings Corp	4,730	$4,000	0.0%	$0.93	—	—	Y3130D101
GNPX	Genprex Inc	2,195	$4,000	0.0%	$2.29	—	—	372446302
EDHL	Everbright Digital Holding Ltd	1,294	$4,000	0.0%	$3.09	—	—	G32212113
QVCGA	QVC Group Inc	1,800	$4,000	0.0%	$10.88	—	—	74915M605
DFNS	T3 Defense Inc	4,800	$3,000	0.0%	$2.74	—	—	67054R203
ITOC	iTonic Holdings Ltd	5,248	$2,000	0.0%	$0.46	—	—	G71399102
NAKA	Nakamoto Inc	4,925	$1,000	0.0%	$0.36	—	—	49457M106
—	Party City Holdco Inc Restricted	10,873	$0	0.0%	—	—	—	702QIBAB6

Decreased Positions (20)

TGT Target Corp 2.2%

Value $3.302M (-53.7%) Shares 25,280 (-57.0%) Est. Cost $91.63 Unrealized —

SMTGF SMA Solar Technology AG 0.8%

Value $1.136M (-74.0%) Shares 15,800 (-83.3%) Est. Cost $33.34 Unrealized —

NBIS Nebius Group NV 3.0%

Value $4.363M (+68.2%) Shares 15,800 (-36.8%) Est. Cost $103.64 Unrealized —

NGL NGL Energy Partners LP 0.5%

Value $692K (-69.0%) Shares 43,427 (-76.0%) Est. Cost $10.00 Unrealized —

PFE Pfizer Inc 1.7%

Value $2.515M (-37.3%) Shares 104,460 (-26.8%) Est. Cost $25.06 Unrealized —

AAP Advance Auto Parts Inc 4.9%

Value $7.198M (+8.1%) Shares 115,690 (-8.3%) Est. Cost $49.74 Unrealized —

NRP Natural Resource Partners LP 0.6%

Value $941K (-20.7%) Shares 9,700 (-1.0%) Est. Cost $112.87 Unrealized —

QMCO Quantum Corp 0.6%

Value $818K (+38.6%) Shares 74,323 (-40.1%) Est. Cost $7.90 Unrealized —

EWH iShares MSCI Hong Kong ETF 0.6%

Value $930K (-17.5%) Shares 44,460 (-8.9%) Est. Cost $21.25 Unrealized —

UPS United Parcel Service Inc 4.0%

Value $5.933M (+2.6%) Shares 55,186 (-6.1%) Est. Cost $106.72 Unrealized —

LOECF Logan Energy Corp 0.1%

Value $148K (-42.9%) Shares 250,000 (-7.4%) Est. Cost $0.85 Unrealized —

JD JD.com Inc 0.3%

Value $382K (-18.2%) Shares 15,010 (-5.0%) Est. Cost $28.86 Unrealized —

CEIEF Coelacanth Energy Inc 0.1%

Value $140K (-35.5%) Shares 248,000 (-3.9%) Est. Cost $0.82 Unrealized —

MHPSY Mhp Se 0.4%

Value $641K (+12.7%) Shares 72,800 (-4.0%) Est. Cost $7.20 Unrealized —

ARLP Alliance Resource Partners LP 0.2%

Value $321K (-14.9%) Shares 13,374 (-1.8%) Est. Cost $23.35 Unrealized —

LIMN Liminatus Pharma Inc 0.0%

Value $36,000 (-40.0%) Shares 329,333 (-5.9%) Est. Cost $0.72 Unrealized —

LYFT Lyft Inc 1.1%

Value $1.609M (+0.9%) Shares 110,120 (-8.2%) Est. Cost $18.81 Unrealized —

ASNS Actelis Networks Inc 0.0%

Value $1,000 (-87.5%) Shares 15,848 (-21.2%) Est. Cost $0.39 Unrealized —

IMMR Immersion Corp 0.1%

Value $76,000 (-7.3%) Shares 11,250 (-25.0%) Est. Cost $6.78 Unrealized —

ANNX Annexon Inc 0.1%

Value $123K (0.0%) Shares 21,549 (-2.9%) Est. Cost $4.71 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TGT	Target Corp	25,280 (-57.0%)	$3.302M (-53.7%)	2.2%	$91.63	—	—	87612E106
SMTGF	SMA Solar Technology AG	15,800 (-83.3%)	$1.136M (-74.0%)	0.8%	$33.34	—	—	D7008K108
NBIS	Nebius Group NV	15,800 (-36.8%)	$4.363M (+68.2%)	3.0%	$103.64	—	—	N97284108
NGL	NGL Energy Partners LP	43,427 (-76.0%)	$692K (-69.0%)	0.5%	$10.00	—	—	62913M107
PFE	Pfizer Inc	104,460 (-26.8%)	$2.515M (-37.3%)	1.7%	$25.06	—	—	717081103
AAP	Advance Auto Parts Inc	115,690 (-8.3%)	$7.198M (+8.1%)	4.9%	$49.74	—	—	00751Y106
NRP	Natural Resource Partners LP	9,700 (-1.0%)	$941K (-20.7%)	0.6%	$112.87	—	—	63900P608
QMCO	Quantum Corp	74,323 (-40.1%)	$818K (+38.6%)	0.6%	$7.90	—	—	747906600
EWH	iShares MSCI Hong Kong ETF	44,460 (-8.9%)	$930K (-17.5%)	0.6%	$21.25	—	—	464286871
UPS	United Parcel Service Inc	55,186 (-6.1%)	$5.933M (+2.6%)	4.0%	$106.72	—	—	911312106
LOECF	Logan Energy Corp	250,000 (-7.4%)	$148K (-42.9%)	0.1%	$0.85	—	—	540899101
JD	JD.com Inc	15,010 (-5.0%)	$382K (-18.2%)	0.3%	$28.86	—	—	47215P106
CEIEF	Coelacanth Energy Inc	248,000 (-3.9%)	$140K (-35.5%)	0.1%	$0.82	—	—	192077105
MHPSY	Mhp Se	72,800 (-4.0%)	$641K (+12.7%)	0.4%	$7.20	—	—	55302T204
ARLP	Alliance Resource Partners LP	13,374 (-1.8%)	$321K (-14.9%)	0.2%	$23.35	—	—	01877R108
LIMN	Liminatus Pharma Inc	329,333 (-5.9%)	$36,000 (-40.0%)	0.0%	$0.72	—	—	53271X108
LYFT	Lyft Inc	110,120 (-8.2%)	$1.609M (+0.9%)	1.1%	$18.81	—	—	55087P104
ASNS	Actelis Networks Inc	15,848 (-21.2%)	$1,000 (-87.5%)	0.0%	$0.39	—	—	00503R508
IMMR	Immersion Corp	11,250 (-25.0%)	$76,000 (-7.3%)	0.1%	$6.78	—	—	452521107
ANNX	Annexon Inc	21,549 (-2.9%)	$123K (0.0%)	0.1%	$4.71	—	—	03589W102

Unchanged Positions (7)

HUSQF Husqvarna AB 2.7%

Value $3.907M Shares 1,003,800 Est. Cost $5.54 Unrealized —

GSTEF Gore Street Energy Storage Fund Plc 0.4%

Value $559K Shares 878,639 Est. Cost $0.55 Unrealized —

AAPL Apple Inc 0.2%

Value $324K Shares 1,120 Est. Cost $268.34 Unrealized —

TPTJF TOPPS TILES PLC 0.1%

Value $75,000 Shares 158,888 Est. Cost $0.40 Unrealized —

RANI Rani Therapeutics Holdings Inc 0.1%

Value $89,000 Shares 116,432 Est. Cost $1.32 Unrealized —

GPRO GoPro Inc 0.1%

Value $125K Shares 161,000 Est. Cost $1.15 Unrealized —

— VanEck Russia ETF 0.0%

Value $9,000 Shares 30,500 Est. Cost $0.30 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HUSQF	Husqvarna AB	1,003,800	$3.907M	2.7%	$5.54	—	—	W4235G116
GSTEF	Gore Street Energy Storage Fund Plc	878,639	$559K	0.4%	$0.55	—	—	G3992C100
AAPL	Apple Inc	1,120	$324K	0.2%	$268.34	—	—	037833100
TPTJF	TOPPS TILES PLC	158,888	$75,000	0.1%	$0.40	—	—	G8923L145
RANI	Rani Therapeutics Holdings Inc	116,432	$89,000	0.1%	$1.32	—	—	753018100
GPRO	GoPro Inc	161,000	$125K	0.1%	$1.15	—	—	38268T103
—	VanEck Russia ETF	30,500	$9,000	0.0%	$0.30	—	—	92189F403