| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Carvana Co | 206 | 206 | 1.40 | 0.41 | 0 | 0.00 | 0.00 |
| Auto Total | 206 | 206 | 1.40 | 0.41 | 0 | 0.00 | 0.00 |
| Cash on call | 0 | 0 | 2.45 | 0.72 | 0 | 7.97 | 3.33 |
| Margin Account | 0 | 0 | 1.24 | 0.37 | 0 | 0.53 | 0.22 |
| Cash on call Total | 0 | 0 | 3.70 | 1.09 | 0 | 8.50 | 3.55 |
| Archer Aviation Inc | -28,389 | 0 | 0.00 | 0.00 | 28,389 | 5.28 | 2.20 |
| Cyclical Goods & Services Total | -28,389 | 0 | 0.00 | 0.00 | 28,389 | 5.28 | 2.20 |
| iShares 1-3 Year Treasury Bond ETF | -5,101 | 0 | 0.00 | 0.00 | 5,101 | 7.51 | 3.13 |
| iShares MSCI USA Quality Factor ETF | -2,681 | 0 | 0.00 | 0.00 | 2,681 | 8.66 | 3.61 |
| SPDR S&P 500 ETF | -2,224 | 0 | 5.16 | 1.52 | 2,224 | 24.34 | 10.15 |
| Usen | 3,229 | 3,229 | 17.61 | 5.19 | 0 | 0.00 | 0.00 |
| VanEck Vectors Gold Miners ETF | -8,118 | 0 | 0.00 | 0.00 | 8,118 | 7.32 | 3.05 |
| Equities Total | -14,895 | 3,229 | 22.77 | 6.70 | 18,124 | 47.83 | 19.95 |
| Cipher Mining Inc | 20,672 | 20,672 | 4.52 | 1.33 | 0 | 0.00 | 0.00 |
| Robinhood Markets Inc | 748 | 6,922 | 16.36 | 4.82 | 6,174 | 9.11 | 3.80 |
| Financial Services Total | 21,420 | 27,594 | 20.88 | 6.15 | 6,174 | 9.11 | 3.80 |
| Celsius Holdings Inc | 1,396 | 1,396 | 1.37 | 0.40 | 0 | 0.00 | 0.00 |
| Food & Beverage Total | 1,396 | 1,396 | 1.37 | 0.40 | 0 | 0.00 | 0.00 |
| Foreign - Currency | 0 | 0 | 51.75 | 15.23 | 0 | 47.25 | 19.71 |
| USA - Currency | 0 | 0 | 32.96 | 9.70 | 0 | 13.93 | 5.81 |
| For Currency Total | 0 | 0 | 84.71 | 24.94 | 0 | 61.19 | 25.52 |
| Foreign - Equities | 0 | 0 | 0.00 | 0.00 | 0 | 14.83 | 6.18 |
| Foreign Invest Total | 0 | 0 | 0.00 | 0.00 | 0 | 14.83 | 6.18 |
| Axon Enterprise Inc. | -12 | 0 | 0.00 | 0.00 | 12 | 0.17 | 0.07 |
| Bloom Energy Company | 3,920 | 3,920 | 4.99 | 1.47 | 0 | 0.00 | 0.00 |
| GE Vernova Inc | 139 | 139 | 1.45 | 0.43 | 0 | 0.00 | 0.00 |
| Hims & Hers Health Inc | -5,339 | 0 | 0.00 | 0.00 | 5,339 | 4.69 | 1.96 |
| Philip Morris International | 11,344 | 11,363 | 3.14 | 0.93 | 19 | 0.06 | 0.03 |
| Robinsons Retail Holdings Inc | 33,965 | 33,965 | 7.27 | 2.14 | 0 | 0.00 | 0.00 |
| Roblox Corporation | 3,469 | 3,795 | 9.28 | 2.73 | 326 | 0.61 | 0.26 |
| Goods & Services Total | 47,486 | 53,182 | 26.13 | 7.69 | 5,696 | 5.54 | 2.31 |
| Insmed Incorporated | 594 | 594 | 1.45 | 0.43 | 0 | 0.00 | 0.00 |
| Healthcare Total | 594 | 594 | 1.45 | 0.43 | 0 | 0.00 | 0.00 |
| Cadiz BCI Money Market - A | 27,463,092 | 46,675,661 | 46.97 | 13.83 | 19,212,569 | 19.33 | 8.06 |
| Granate BCI Money Market - B | 590,782 | 32,248,042 | 32.44 | 9.55 | 31,657,260 | 31.85 | 13.28 |
| Money Market Total | 28,053,874 | 78,923,703 | 79.41 | 23.38 | 50,869,829 | 51.18 | 21.35 |
| Wayfair Inc | 2,067 | 2,067 | 3.19 | 0.94 | 0 | 0.00 | 0.00 |
| Retail Total | 2,067 | 2,067 | 3.19 | 0.94 | 0 | 0.00 | 0.00 |
| Howmet Aerospace Inc | -34 | 0 | 0.00 | 0.00 | 34 | 0.11 | 0.05 |
| Specialist Securities Total | -34 | 0 | 0.00 | 0.00 | 34 | 0.11 | 0.05 |
| Applied Digital Corporation | 20,018 | 20,018 | 7.66 | 2.26 | 0 | 0.00 | 0.00 |
| AppLovin Corporation | -671 | 386 | 4.75 | 1.40 | 1,057 | 6.27 | 2.62 |
| Astera Labs Inc | 3,129 | 3,129 | 10.75 | 3.16 | 0 | 0.00 | 0.00 |
| BigBear.ai Holdings Inc | 79,266 | 79,266 | 8.85 | 2.61 | 0 | 0.00 | 0.00 |
| Credo Technology Group Holding | 4,894 | 4,894 | 12.35 | 3.64 | 0 | 0.00 | 0.00 |
| IonQ Inc | -147 | 8,082 | 8.98 | 2.64 | 8,229 | 5.89 | 2.46 |
| Kratos Defense & Security Solutions Inc. | 5,353 | 5,353 | 8.15 | 2.40 | 0 | 0.00 | 0.00 |
| NuScale Power Corp | 55 | 4,752 | 3.13 | 0.92 | 4,697 | 3.19 | 1.33 |
| Palantir Technologies | 629 | 4,145 | 12.81 | 3.77 | 3,516 | 8.17 | 3.41 |
| Rigetti Computing Inc | 2,848 | 2,848 | 1.46 | 0.43 | 0 | 0.00 | 0.00 |
| Rocket Lab USA Inc | -5,446 | 10,819 | 8.79 | 2.59 | 16,265 | 10.23 | 4.27 |
| SoundHound AI Inc | -13,264 | 0 | 0.00 | 0.00 | 13,264 | 2.32 | 0.97 |
| Zscaler Inc | -19 | 0 | 0.00 | 0.00 | 19 | 0.11 | 0.04 |
| Technology Total | 96,645 | 143,692 | 87.69 | 25.82 | 47,047 | 36.18 | 15.09 |
| AST SpaceMobile Inc | 4,732 | 4,732 | 3.99 | 1.18 | 0 | 0.00 | 0.00 |
| Lumentum Holdings Inc. | 1,068 | 1,068 | 3.00 | 0.88 | 0 | 0.00 | 0.00 |
| Telecom Total | 5,800 | 5,800 | 7.00 | 2.06 | 0 | 0.00 | 0.00 |
| Portfolio Total | 28,186,170 | 79,161,463 | 339.67 | 100.00 | 50,975,293 | 239.76 | 100.00 |