| # | Security | Value | Shares | % Port | Change | Δ Shares |
|---|---|---|---|---|---|---|
| 1 | INVESCO QQQ TR UNIT SER 1 | $346.3M | 600.0K | 20.2% | ADDED | +400.0K |
| 2 | VAIL RESORTS INC COM | $268.0M | 2.09M | 15.6% | ADDED | +237.2K |
| 3 | ISHARES TR RUSSELL 2000 ETF | $248.0M | 1.00M | 14.4% | —HELD | 0 |
| 4 | ISHARES INC MSCI JAPAN ETF | $126.7M | 1.50M | 7.4% | NEW | — |
| 5 | HUT 8 CORP COM | $117.6M | 2.51M | 6.9% | ADDED | +200.0K |
| 6 | VAIL RESORTS INC COM | $102.7M | 800.0K | 6.0% | REDUCED | -1,051,234 |
| 7 | ALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 | $69.3M | 50.00M | 4.0% | REDUCED | -10,000,000 |
| 8 | CORE SCIENTIFIC INC NEW COM | $35.1M | 2.34M | 2.0% | REDUCED | -300,000 |
| 9 | STRATUS PPTYS INC COM NEW | $34.6M | 1.13M | 2.0% | —HELD | 0 |
| 10 | VNET GROUP INC SPONSORED ADS A | $28.9M | 3.45M | 1.7% | —HELD | 0 |
| 11 | APPLIED DIGITAL CORP COM NEW | $24.5M | 1.03M | 1.4% | ADDED | +300.0K |
| 12 | APPLIED DIGITAL CORP COM NEW | $23.7M | 1.00M | 1.4% | ADDED | +267.2K |
| 13 | DOCUSIGN INC COM | $23.7M | 500.0K | 1.4% | NEW | — |
| 14 | VNET GROUP INC NOTE 2.000%10/0 | $22.4M | 20.00M | 1.3% | NEW | — |
| 15 | RB GLOBAL INC COM | $17.6M | 183.2K | 1.0% | —HELD | 0 |
| 16 | GDS HLDGS LTD SPONSORED ADS | $16.7M | 414.5K | 1.0% | NEW | — |
| 17 | NEW ORIENTAL ED & TECHNOLOGY SPON ADR | $16.7M | 294.4K | 1.0% | ADDED | +139.0K |
| 18 | RLX TECHNOLOGY INC SPONSORED ADS | $14.3M | 6.50M | 0.8% | —HELD | 0 |
| 19 | GIGACLOUD TECHNOLOGY INC CLASS A ORD | $14.2M | 313.0K | 0.8% | —HELD | 0 |
| 20 | PDD HOLDINGS INC SPONSORED ADS | $11.6M | 114.0K | 0.7% | NEW | — |
| 21 | ACM RESH INC COM CL A | $10.6M | 270.1K | 0.6% | ADDED | +36.1K |
| 22 | WENDYS CO COM | $10.5M | 1.51M | 0.6% | ADDED | +1.50M |
| 23 | VNET GROUP INC SPONSORED ADS A | $9.8M | 1.17M | 0.6% | REDUCED | -2,279,188 |
| 24 | THERAVANCE BIOPHARMA INC COM | $9.5M | 583.5K | 0.6% | REDUCED | -143,671 |
| 25 | USA TODAY CO INC COM | $9.4M | 1.33M | 0.5% | NEW | — |
Holdings data sourced from SEC EDGAR 13F-HR filings. Updated quarterly, approximately 45 days after quarter end. All data is public domain.
Last filed: May 15, 2026