# EDGAR Filing Document

**Accession Number:** 0001898824
**File Stem:** 0001420506-25-001926
**Filing Date:** 2025-8
**Character Count:** 28827
**Document Hash:** 7e5395344ad0298d6db0cf6d8c5ab9a3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-25-001926.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001420506-25-001926

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PharVision Advisers, LLC
- **CENTRAL INDEX KEY:** 0001898824

**ORGANIZATION NAME:**
- **EIN:** 853524477
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25349
- **FILM NUMBER:** 251210590

**BUSINESS ADDRESS:**
- **STREET 1:** 10055 YAMATO ROAD
- **STREET 2:** SUITE 508
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33498
- **BUSINESS PHONE:** 561-614-6014

**MAIL ADDRESS:**
- **STREET 1:** 10055 YAMATO ROAD
- **STREET 2:** SUITE 508
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33498

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** PharVision Advisers LLC<br>**Address:** 10055 YAMATO ROAD<br>SUITE 508<br>BOCA RATON, FL 33498

**Form 13F File Number:** 028-25349

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Philip Arnaudov<br>**Title:** Chief Compliance Officer<br>**Phone:** 561-614-6014

**Signature, Place, and Date of Signing:**

Philip Arnaudov Chief Compliance Officer  BOCA RATON, FL  08-13-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 267

**Form 13F Information Table Value Total:** $69607395

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABACUS GLOBAL MGMT INC | CL A | 00258Y104 |  | 111214 | 21637 | SH |  | SOLE |  | 21637 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 263852 | 682 | SH |  | SOLE |  | 682 | 0 | 0 |
| ADT INC DEL | COM | 00090Q103 |  | 163242 | 19273 | SH |  | SOLE |  | 19273 | 0 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 251082 | 2146 | SH |  | SOLE |  | 2146 | 0 | 0 |
| AGNC INVT CORP | COM | 00123Q104 |  | 212482 | 23121 | SH |  | SOLE |  | 23121 | 0 | 0 |
| AGREE RLTY CORP | COM | 008492100 |  | 413081 | 5654 | SH |  | SOLE |  | 5654 | 0 | 0 |
| ALLISON TRANSMISSION HLDGS I | COM | 01973R101 |  | 343389 | 3615 | SH |  | SOLE |  | 3615 | 0 | 0 |
| ALPHA TEKNOVA INC | COM | 02080L102 |  | 90815 | 18496 | SH |  | SOLE |  | 18496 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 225315 | 3843 | SH |  | SOLE |  | 3843 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 255809 | 1166 | SH |  | SOLE |  | 1166 | 0 | 0 |
| AMC NETWORKS INC | CL A | 00164V103 |  | 71986 | 11481 | SH |  | SOLE |  | 11481 | 0 | 0 |
| AMCOR PLC | ORD | G0250X107 |  | 251788 | 27398 | SH |  | SOLE |  | 27398 | 0 | 0 |
| AMER SPORTS INC | COM SHS | G0260P102 |  | 249731 | 6443 | SH |  | SOLE |  | 6443 | 0 | 0 |
| AMER STATES WTR CO | COM | 029899101 |  | 246845 | 3220 | SH |  | SOLE |  | 3220 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 410585 | 1725 | SH |  | SOLE |  | 1725 | 0 | 0 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 268938 | 14192 | SH |  | SOLE |  | 14192 | 0 | 0 |
| API GROUP CORP | COM STK | 00187Y100 |  | 234983 | 4603 | SH |  | SOLE |  | 4603 | 0 | 0 |
| APOLLO COML REAL EST FIN INC | COM | 03762U105 |  | 169584 | 17519 | SH |  | SOLE |  | 17519 | 0 | 0 |
| ARMADA HOFFLER PPTYS INC | COM | 04208T108 |  | 93810 | 13655 | SH |  | SOLE |  | 13655 | 0 | 0 |
| ASANA INC | CL A | 04342Y104 |  | 136661 | 10123 | SH |  | SOLE |  | 10123 | 0 | 0 |
| ASTRONICS CORP | COM | 046433108 |  | 213636 | 6381 | SH |  | SOLE |  | 6381 | 0 | 0 |
| AUTODESK INC | COM | 052769106 |  | 426278 | 1377 | SH |  | SOLE |  | 1377 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 206320 | 669 | SH |  | SOLE |  | 669 | 0 | 0 |
| AUTONATION INC | COM | 05329W102 |  | 290426 | 1462 | SH |  | SOLE |  | 1462 | 0 | 0 |
| AVEANNA HEALTHCARE HLDGS INC | COM | 05356F105 |  | 78267 | 14965 | SH |  | SOLE |  | 14965 | 0 | 0 |
| AVISTA CORP | COM | 05379B107 |  | 399765 | 10534 | SH |  | SOLE |  | 10534 | 0 | 0 |
| AVITA MEDICAL INC | COM | 05380C102 |  | 87327 | 16508 | SH |  | SOLE |  | 16508 | 0 | 0 |
| BAIN CAP SPECIALTY FIN INC | COM STK | 05684B107 |  | 208139 | 13839 | SH |  | SOLE |  | 13839 | 0 | 0 |
| BIOVENTUS INC | COM CL A | 09075A108 |  | 66677 | 10072 | SH |  | SOLE |  | 10072 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 301040 | 52 | SH |  | SOLE |  | 52 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 254884 | 2373 | SH |  | SOLE |  | 2373 | 0 | 0 |
| BOX INC | CL A | 10316T104 |  | 341871 | 10005 | SH |  | SOLE |  | 10005 | 0 | 0 |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 |  | 424161 | 3432 | SH |  | SOLE |  | 3432 | 0 | 0 |
| BRINKER INTL INC | COM | 109641100 |  | 220724 | 1224 | SH |  | SOLE |  | 1224 | 0 | 0 |
| BROADSTONE NET LEASE INC | COM | 11135E203 |  | 339698 | 21165 | SH |  | SOLE |  | 21165 | 0 | 0 |
| CANADIAN SOLAR INC | COM | 136635109 |  | 158998 | 14402 | SH |  | SOLE |  | 14402 | 0 | 0 |
| CAPITAL SOUTHWEST CORP | COM | 140501107 |  | 247928 | 11249 | SH |  | SOLE |  | 11249 | 0 | 0 |
| CAPITOL FED FINL INC | COM | 14057J101 |  | 78580 | 12882 | SH |  | SOLE |  | 12882 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 284592 | 1694 | SH |  | SOLE |  | 1694 | 0 | 0 |
| CARGURUS INC | COM CL A | 141788109 |  | 274923 | 8214 | SH |  | SOLE |  | 8214 | 0 | 0 |
| CARLYLE SECURED LENDING INC | COM | 872280102 |  | 192081 | 14041 | SH |  | SOLE |  | 14041 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 356415 | 5303 | SH |  | SOLE |  | 5303 | 0 | 0 |
| CARTERS INC | COM | 146229109 |  | 234170 | 7772 | SH |  | SOLE |  | 7772 | 0 | 0 |
| CHATHAM LODGING TR | COM | 16208T102 |  | 104745 | 15028 | SH |  | SOLE |  | 15028 | 0 | 0 |
| CHEWY INC | CL A | 16679L109 |  | 231682 | 5436 | SH |  | SOLE |  | 5436 | 0 | 0 |
| CHIMERA INVT CORP | COM SHS | 16934Q802 |  | 309273 | 22298 | SH |  | SOLE |  | 22298 | 0 | 0 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 338495 | 2273 | SH |  | SOLE |  | 2273 | 0 | 0 |
| CINEMARK HLDGS INC | COM | 17243V102 |  | 348639 | 11552 | SH |  | SOLE |  | 11552 | 0 | 0 |
| CIRRUS LOGIC INC | COM | 172755100 |  | 562873 | 5399 | SH |  | SOLE |  | 5399 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 397756 | 5733 | SH |  | SOLE |  | 5733 | 0 | 0 |
| CLEARWATER ANALYTICS HLDGS I | CL A | 185123106 |  | 203072 | 9260 | SH |  | SOLE |  | 9260 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 510177 | 4249 | SH |  | SOLE |  | 4249 | 0 | 0 |
| COEUR MNG INC | COM NEW | 192108504 |  | 124625 | 14066 | SH |  | SOLE |  | 14066 | 0 | 0 |
| COHEN  STEERS INC | COM | 19247A100 |  | 270205 | 3586 | SH |  | SOLE |  | 3586 | 0 | 0 |
| CONSTELLIUM SE | CL A SHS | F21107101 |  | 147032 | 11055 | SH |  | SOLE |  | 11055 | 0 | 0 |
| COPA HOLDINGS SA | CL A | P31076105 |  | 376867 | 3427 | SH |  | SOLE |  | 3427 | 0 | 0 |
| CORECIVIC INC | COM | 21871N101 |  | 319800 | 15178 | SH |  | SOLE |  | 15178 | 0 | 0 |
| COSTAMARE INC | SHS | Y1771G102 |  | 100474 | 11029 | SH |  | SOLE |  | 11029 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 299952 | 303 | SH |  | SOLE |  | 303 | 0 | 0 |
| CROCS INC | COM | 227046109 |  | 355898 | 3514 | SH |  | SOLE |  | 3514 | 0 | 0 |
| CRYOPORT INC | COM PAR $0.001 | 229050307 |  | 81814 | 10967 | SH |  | SOLE |  | 10967 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 316063 | 2578 | SH |  | SOLE |  | 2578 | 0 | 0 |
| DENTSPLY SIRONA INC | COM | 24906P109 |  | 280314 | 17652 | SH |  | SOLE |  | 17652 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 219489 | 6900 | SH |  | SOLE |  | 6900 | 0 | 0 |
| DHT HOLDINGS INC | SHS NEW | Y2065G121 |  | 181792 | 16817 | SH |  | SOLE |  | 16817 | 0 | 0 |
| DIAMONDROCK HOSPITALITY CO | COM | 252784301 |  | 146681 | 19149 | SH |  | SOLE |  | 19149 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 233079 | 1337 | SH |  | SOLE |  | 1337 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 337183 | 2719 | SH |  | SOLE |  | 2719 | 0 | 0 |
| DLOCAL LTD | CLASS A COM | G29018101 |  | 237959 | 20984 | SH |  | SOLE |  | 20984 | 0 | 0 |
| DOLE PLC | ORD SHS | G27907107 |  | 352758 | 25215 | SH |  | SOLE |  | 25215 | 0 | 0 |
| DOMINOS PIZZA INC | COM | 25754A201 |  | 222596 | 494 | SH |  | SOLE |  | 494 | 0 | 0 |
| DOMO INC | COM CL B | 257554105 |  | 153209 | 10967 | SH |  | SOLE |  | 10967 | 0 | 0 |
| DONALDSON INC | COM | 257651109 |  | 284335 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| DORIAN LPG LTD | SHS USD | Y2106R110 |  | 327326 | 13426 | SH |  | SOLE |  | 13426 | 0 | 0 |
| DOUBLEVERIFY HLDGS INC | COM | 25862V105 |  | 149835 | 10009 | SH |  | SOLE |  | 10009 | 0 | 0 |
| DOUGLAS EMMETT INC | COM | 25960P109 |  | 188887 | 12559 | SH |  | SOLE |  | 12559 | 0 | 0 |
| DOVER CORP | COM | 260003108 |  | 226472 | 1236 | SH |  | SOLE |  | 1236 | 0 | 0 |
| DREAM FINDERS HOMES INC | COM CL A | 26154D100 |  | 213504 | 8496 | SH |  | SOLE |  | 8496 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 |  | 387843 | 2928 | SH |  | SOLE |  | 2928 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 259568 | 3486 | SH |  | SOLE |  | 3486 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 255936 | 4960 | SH |  | SOLE |  | 4960 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 209446 | 2678 | SH |  | SOLE |  | 2678 | 0 | 0 |
| ELASTIC N V | ORD SHS | N14506104 |  | 315141 | 3737 | SH |  | SOLE |  | 3737 | 0 | 0 |
| ELLINGTON CREDIT COMPANY | COM SHS BEN INT | 288578107 |  | 101723 | 17691 | SH |  | SOLE |  | 17691 | 0 | 0 |
| ELME COMMUNITIES | SH BEN INT | 939653101 |  | 264958 | 16664 | SH |  | SOLE |  | 16664 | 0 | 0 |
| ENCOMPASS HEALTH CORP | COM | 29261A100 |  | 344590 | 2810 | SH |  | SOLE |  | 2810 | 0 | 0 |
| ENERGY RECOVERY INC | COM | 29270J100 |  | 206461 | 16155 | SH |  | SOLE |  | 16155 | 0 | 0 |
| ENERGY SVCS ACQUISITION CORP | COM | 29271Q103 |  | 269354 | 27098 | SH |  | SOLE |  | 27098 | 0 | 0 |
| ENTERPRISE FINL SVCS CORP | COM | 293712105 |  | 223596 | 4058 | SH |  | SOLE |  | 4058 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 326587 | 1847 | SH |  | SOLE |  | 1847 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 436713 | 549 | SH |  | SOLE |  | 549 | 0 | 0 |
| ESSENTIAL PPTYS RLTY TR INC | COM | 29670E107 |  | 346543 | 10860 | SH |  | SOLE |  | 10860 | 0 | 0 |
| ESSENTIAL UTILS INC | COM | 29670G102 |  | 242710 | 6535 | SH |  | SOLE |  | 6535 | 0 | 0 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 |  | 776134 | 17724 | SH |  | SOLE |  | 17724 | 0 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 438929 | 2977 | SH |  | SOLE |  | 2977 | 0 | 0 |
| EZCORP INC | CL A NON VTG | 302301106 |  | 236821 | 17062 | SH |  | SOLE |  | 17062 | 0 | 0 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 369957 | 1699 | SH |  | SOLE |  | 1699 | 0 | 0 |
| FIRST BANCORP P R | COM NEW | 318672706 |  | 228359 | 10963 | SH |  | SOLE |  | 10963 | 0 | 0 |
| FIVERR INTL LTD | ORD SHS | M4R82T106 |  | 233731 | 7969 | SH |  | SOLE |  | 7969 | 0 | 0 |
| FLAGSTAR FINANCIAL INC | COM NEW | 649445400 |  | 218159 | 20581 | SH |  | SOLE |  | 20581 | 0 | 0 |
| FRESHWORKS INC | CLASS A COM | 358054104 |  | 206981 | 13882 | SH |  | SOLE |  | 13882 | 0 | 0 |
| GAMING  LEISURE PPTYS INC | COM | 36467J108 |  | 254266 | 5447 | SH |  | SOLE |  | 5447 | 0 | 0 |
| GARRETT MOTION INC | COM | 366505105 |  | 351990 | 33491 | SH |  | SOLE |  | 33491 | 0 | 0 |
| GATES INDL CORP PLC | ORD SHS | G39108108 |  | 207385 | 9005 | SH |  | SOLE |  | 9005 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 322767 | 1254 | SH |  | SOLE |  | 1254 | 0 | 0 |
| GENWORTH FINL INC | COM SHS | 37247D106 |  | 307310 | 39500 | SH |  | SOLE |  | 39500 | 0 | 0 |
| GLADSTONE COMMERCIAL CORP | COM | 376536108 |  | 450793 | 31458 | SH |  | SOLE |  | 31458 | 0 | 0 |
| GLOBAL BUSINESS TRAVEL GROUP | COM CL A | 37890B100 |  | 75329 | 11957 | SH |  | SOLE |  | 11957 | 0 | 0 |
| GLOBAL SHIP LEASE INC NEW | COM CL A | Y27183600 |  | 264547 | 10055 | SH |  | SOLE |  | 10055 | 0 | 0 |
| GLOBALFOUNDRIES INC | ORDINARY SHARES | G39387108 |  | 252999 | 6623 | SH |  | SOLE |  | 6623 | 0 | 0 |
| GOGO INC | COM | 38046C109 |  | 171301 | 11669 | SH |  | SOLE |  | 11669 | 0 | 0 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 |  | 126877 | 12235 | SH |  | SOLE |  | 12235 | 0 | 0 |
| GRACO INC | COM | 384109104 |  | 218192 | 2538 | SH |  | SOLE |  | 2538 | 0 | 0 |
| GRAND CANYON ED INC | COM | 38526M106 |  | 319977 | 1693 | SH |  | SOLE |  | 1693 | 0 | 0 |
| GREAT LAKES DREDGE  DOCK CO | COM | 390607109 |  | 244141 | 20028 | SH |  | SOLE |  | 20028 | 0 | 0 |
| GREIF INC | CL A | 397624107 |  | 291285 | 4482 | SH |  | SOLE |  | 4482 | 0 | 0 |
| GRINDR INC | COM | 39854F101 |  | 308924 | 13609 | SH |  | SOLE |  | 13609 | 0 | 0 |
| HANOVER INS GROUP INC | COM | 410867105 |  | 236289 | 1391 | SH |  | SOLE |  | 1391 | 0 | 0 |
| HEALTHEQUITY INC | COM | 42226A107 |  | 211510 | 2019 | SH |  | SOLE |  | 2019 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 299949 | 1288 | SH |  | SOLE |  | 1288 | 0 | 0 |
| HUBSPOT INC | COM | 443573100 |  | 297797 | 535 | SH |  | SOLE |  | 535 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 185868 | 11090 | SH |  | SOLE |  | 11090 | 0 | 0 |
| IMMERSION CORP | COM | 452521107 |  | 201239 | 25538 | SH |  | SOLE |  | 25538 | 0 | 0 |
| INTAPP INC | COM | 45827U109 |  | 259391 | 5025 | SH |  | SOLE |  | 5025 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 238878 | 1302 | SH |  | SOLE |  | 1302 | 0 | 0 |
| INTERNATIONAL MNY EXPRESS IN | COM | 46005L101 |  | 136013 | 13480 | SH |  | SOLE |  | 13480 | 0 | 0 |
| INTREPID POTASH INC | COM | 46121Y201 |  | 260329 | 7286 | SH |  | SOLE |  | 7286 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 412718 | 524 | SH |  | SOLE |  | 524 | 0 | 0 |
| INVITATION HOMES INC | COM | 46187W107 |  | 342563 | 10444 | SH |  | SOLE |  | 10444 | 0 | 0 |
| ITT INC | COM | 45073V108 |  | 273982 | 1747 | SH |  | SOLE |  | 1747 | 0 | 0 |
| JABIL INC | COM | 466313103 |  | 211993 | 972 | SH |  | SOLE |  | 972 | 0 | 0 |
| JAMF HLDG CORP | COM | 47074L105 |  | 155175 | 16317 | SH |  | SOLE |  | 16317 | 0 | 0 |
| JANUS INTERNATIONAL GROUP IN | COMMON STOCK | 47103N106 |  | 83362 | 10241 | SH |  | SOLE |  | 10241 | 0 | 0 |
| JOBY AVIATION INC | COMMON STOCK | G65163100 |  | 144271 | 13675 | SH |  | SOLE |  | 13675 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | G51502105 |  | 352771 | 3340 | SH |  | SOLE |  | 3340 | 0 | 0 |
| KENNEDY-WILSON HOLDINGS INC | COM | 489398107 |  | 72651 | 10684 | SH |  | SOLE |  | 10684 | 0 | 0 |
| KIMBELL RTY PARTNERS LP | UNIT | 49435R102 |  | 180265 | 12913 | SH |  | SOLE |  | 12913 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 264243 | 295 | SH |  | SOLE |  | 295 | 0 | 0 |
| KOHLS CORP | COM | 500255104 |  | 169235 | 19957 | SH |  | SOLE |  | 19957 | 0 | 0 |
| LADDER CAP CORP | CL A | 505743104 |  | 154488 | 14371 | SH |  | SOLE |  | 14371 | 0 | 0 |
| LIGHT  WONDER INC | COM | 80874P109 |  | 247484 | 2571 | SH |  | SOLE |  | 2571 | 0 | 0 |
| M/I HOMES INC | COM | 55305B101 |  | 260567 | 2324 | SH |  | SOLE |  | 2324 | 0 | 0 |
| MANCHESTER UTD PLC NEW | ORD CL A | G5784H106 |  | 206258 | 11581 | SH |  | SOLE |  | 11581 | 0 | 0 |
| MARCUS CORP DEL | COM | 566330106 |  | 180031 | 10678 | SH |  | SOLE |  | 10678 | 0 | 0 |
| MAREX GROUP PLC | ORD | G5S37H101 |  | 254897 | 6458 | SH |  | SOLE |  | 6458 | 0 | 0 |
| MARKETAXESS HLDGS INC | COM | 57060D108 |  | 253491 | 1135 | SH |  | SOLE |  | 1135 | 0 | 0 |
| MARTEN TRANS LTD | COM | 573075108 |  | 264671 | 20375 | SH |  | SOLE |  | 20375 | 0 | 0 |
| MCEWEN INC. | COM NEW | 58039P305 |  | 154413 | 16068 | SH |  | SOLE |  | 16068 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 258671 | 353 | SH |  | SOLE |  | 353 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 622948 | 844 | SH |  | SOLE |  | 844 | 0 | 0 |
| MGIC INVT CORP WIS | COM | 552848103 |  | 256295 | 9206 | SH |  | SOLE |  | 9206 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 355576 | 2885 | SH |  | SOLE |  | 2885 | 0 | 0 |
| MISTER CAR WASH INC | COM | 60646V105 |  | 83503 | 13894 | SH |  | SOLE |  | 13894 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 525800 | 8394 | SH |  | SOLE |  | 8394 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 208118 | 5705 | SH |  | SOLE |  | 5705 | 0 | 0 |
| MUELLER INDS INC | COM | 624756102 |  | 305960 | 3850 | SH |  | SOLE |  | 3850 | 0 | 0 |
| NASDAQ INC | COM | 631103108 |  | 206203 | 2306 | SH |  | SOLE |  | 2306 | 0 | 0 |
| NATIONAL ENERGY SERVICES REU | SHS | G6375R107 |  | 192213 | 31929 | SH |  | SOLE |  | 31929 | 0 | 0 |
| NATIONAL STORAGE AFFILIATES | COM SHS BEN IN | 637870106 |  | 409696 | 12807 | SH |  | SOLE |  | 12807 | 0 | 0 |
| NEW JERSEY RES CORP | COM | 646025106 |  | 265424 | 5922 | SH |  | SOLE |  | 5922 | 0 | 0 |
| NEW MTN FIN CORP | COM | 647551100 |  | 378502 | 35877 | SH |  | SOLE |  | 35877 | 0 | 0 |
| NEW YORK MTG TR INC | COM | 649604840 |  | 109398 | 16328 | SH |  | SOLE |  | 16328 | 0 | 0 |
| NOMAD FOODS LTD | USD ORD SHS | G6564A105 |  | 324373 | 19092 | SH |  | SOLE |  | 19092 | 0 | 0 |
| NORDSON CORP | COM | 655663102 |  | 480403 | 2241 | SH |  | SOLE |  | 2241 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 234214 | 17071 | SH |  | SOLE |  | 17071 | 0 | 0 |
| NUSCALE PWR CORP | CL A COM | 67079K100 |  | 206305 | 5215 | SH |  | SOLE |  | 5215 | 0 | 0 |
| OGE ENERGY CORP | COM | 670837103 |  | 224652 | 5062 | SH |  | SOLE |  | 5062 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 487754 | 4879 | SH |  | SOLE |  | 4879 | 0 | 0 |
| OLD NATL BANCORP IND | COM | 680033107 |  | 320271 | 15008 | SH |  | SOLE |  | 15008 | 0 | 0 |
| OLD REP INTL CORP | COM | 680223104 |  | 257125 | 6689 | SH |  | SOLE |  | 6689 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 469399 | 2147 | SH |  | SOLE |  | 2147 | 0 | 0 |
| ORCHID IS CAP INC | COM NEW | 68571X301 |  | 332940 | 47495 | SH |  | SOLE |  | 47495 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 224874 | 2495 | SH |  | SOLE |  | 2495 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 271004 | 1988 | SH |  | SOLE |  | 1988 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 432609 | 2114 | SH |  | SOLE |  | 2114 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 212848 | 1612 | SH |  | SOLE |  | 1612 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 244187 | 17517 | SH |  | SOLE |  | 17517 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 333276 | 3725 | SH |  | SOLE |  | 3725 | 0 | 0 |
| PITNEY BOWES INC | COM | 724479100 |  | 128422 | 11771 | SH |  | SOLE |  | 11771 | 0 | 0 |
| PORTLAND GEN ELEC CO | COM NEW | 736508847 |  | 427143 | 10513 | SH |  | SOLE |  | 10513 | 0 | 0 |
| POSTAL REALTY TRUST INC | CL A | 73757R102 |  | 373862 | 25381 | SH |  | SOLE |  | 25381 | 0 | 0 |
| PRIMERICA INC | COM | 74164M108 |  | 268744 | 982 | SH |  | SOLE |  | 982 | 0 | 0 |
| PRIMO BRANDS CORPORATION | CLASS A COM SHS | 741623102 |  | 279080 | 9422 | SH |  | SOLE |  | 9422 | 0 | 0 |
| PROFICIENT AUTO LOGISTICS IN | COM | 74317M104 |  | 162268 | 22351 | SH |  | SOLE |  | 22351 | 0 | 0 |
| PROPETRO HLDG CORP | COM | 74347M108 |  | 59963 | 10044 | SH |  | SOLE |  | 10044 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 420287 | 2639 | SH |  | SOLE |  | 2639 | 0 | 0 |
| QUINSTREET INC | COM | 74874Q100 |  | 196179 | 12185 | SH |  | SOLE |  | 12185 | 0 | 0 |
| QXO INC | COM NEW | 82846H405 |  | 203596 | 9452 | SH |  | SOLE |  | 9452 | 0 | 0 |
| RADIANT LOGISTICS INC | COM | 75025X100 |  | 213220 | 35069 | SH |  | SOLE |  | 35069 | 0 | 0 |
| REDWOOD TRUST INC | COM | 758075402 |  | 123915 | 20967 | SH |  | SOLE |  | 20967 | 0 | 0 |
| REGAL REXNORD CORPORATION | COM | 758750103 |  | 348484 | 2404 | SH |  | SOLE |  | 2404 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 247350 | 1003 | SH |  | SOLE |  | 1003 | 0 | 0 |
| RITHM CAPITAL CORP | COM NEW | 64828T201 |  | 191874 | 16995 | SH |  | SOLE |  | 16995 | 0 | 0 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 415715 | 29317 | SH |  | SOLE |  | 29317 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COM | 773903109 |  | 278358 | 838 | SH |  | SOLE |  | 838 | 0 | 0 |
| ROGERS CORP | COM | 775133101 |  | 261731 | 3822 | SH |  | SOLE |  | 3822 | 0 | 0 |
| ROYAL GOLD INC | COM | 780287108 |  | 379688 | 2135 | SH |  | SOLE |  | 2135 | 0 | 0 |
| RPM INTL INC | COM | 749685103 |  | 240659 | 2191 | SH |  | SOLE |  | 2191 | 0 | 0 |
| RUNWAY GROWTH FINANCE CORP | COM | 78163D100 |  | 225051 | 20974 | SH |  | SOLE |  | 20974 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 355860 | 1305 | SH |  | SOLE |  | 1305 | 0 | 0 |
| SALLY BEAUTY HLDGS INC | COM | 79546E104 |  | 117120 | 12648 | SH |  | SOLE |  | 12648 | 0 | 0 |
| SCIENCE APPLICATIONS INTL CO | COM | 808625107 |  | 360352 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 235691 | 1633 | SH |  | SOLE |  | 1633 | 0 | 0 |
| SEALED AIR CORP NEW | COM | 81211K100 |  | 277036 | 8928 | SH |  | SOLE |  | 8928 | 0 | 0 |
| SELECT WATER SOLUTIONS INC | CL A COM | 81617J301 |  | 151295 | 17511 | SH |  | SOLE |  | 17511 | 0 | 0 |
| SEPTERNA INC | COM | 81734D104 |  | 107307 | 10152 | SH |  | SOLE |  | 10152 | 0 | 0 |
| SFL CORPORATION LTD | SHS | G7738W106 |  | 135396 | 16254 | SH |  | SOLE |  | 16254 | 0 | 0 |
| SIGNET JEWELERS LIMITED | SHS | G81276100 |  | 263072 | 3307 | SH |  | SOLE |  | 3307 | 0 | 0 |
| SILGAN HLDGS INC | COM | 827048109 |  | 202362 | 3735 | SH |  | SOLE |  | 3735 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 403025 | 2507 | SH |  | SOLE |  | 2507 | 0 | 0 |
| SITE CTRS CORP | COM | 82981J851 |  | 158578 | 14021 | SH |  | SOLE |  | 14021 | 0 | 0 |
| SKYWEST INC | COM | 830879102 |  | 343920 | 3340 | SH |  | SOLE |  | 3340 | 0 | 0 |
| SLR INVESTMENT CORP | COM | 83413U100 |  | 175619 | 10881 | SH |  | SOLE |  | 10881 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 245524 | 5690 | SH |  | SOLE |  | 5690 | 0 | 0 |
| SONOCO PRODS CO | COM | 835495102 |  | 352575 | 8094 | SH |  | SOLE |  | 8094 | 0 | 0 |
| SOUTHSTATE CORPORATION | COM | 840441109 |  | 342904 | 3726 | SH |  | SOLE |  | 3726 | 0 | 0 |
| SPIRE INC | COM | 84857L101 |  | 236196 | 3236 | SH |  | SOLE |  | 3236 | 0 | 0 |
| SPRINKLR INC | CL A | 85208T107 |  | 408542 | 48291 | SH |  | SOLE |  | 48291 | 0 | 0 |
| STANDARDAERO INC | COM | 85423L103 |  | 319127 | 10083 | SH |  | SOLE |  | 10083 | 0 | 0 |
| STERIS PLC | SHS USD | G8473T100 |  | 308202 | 1283 | SH |  | SOLE |  | 1283 | 0 | 0 |
| STONERIDGE INC | COM | 86183P102 |  | 113295 | 16093 | SH |  | SOLE |  | 16093 | 0 | 0 |
| STRIDE INC | COM | 86333M108 |  | 208638 | 1437 | SH |  | SOLE |  | 1437 | 0 | 0 |
| SUNCOKE ENERGY INC | COM | 86722A103 |  | 109626 | 12762 | SH |  | SOLE |  | 12762 | 0 | 0 |
| SUNOPTA INC | COM | 8676EP108 |  | 90642 | 15628 | SH |  | SOLE |  | 15628 | 0 | 0 |
| SYNAPTICS INC | COM | 87157D109 |  | 217277 | 3352 | SH |  | SOLE |  | 3352 | 0 | 0 |
| SYNOVUS FINL CORP | COM NEW | 87161C501 |  | 225216 | 4352 | SH |  | SOLE |  | 4352 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 267328 | 1122 | SH |  | SOLE |  | 1122 | 0 | 0 |
| TECHNIPFMC PLC | COM | G87110105 |  | 288228 | 8369 | SH |  | SOLE |  | 8369 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 249767 | 1203 | SH |  | SOLE |  | 1203 | 0 | 0 |
| TFS FINL CORP | COM | 87240R107 |  | 203859 | 15742 | SH |  | SOLE |  | 15742 | 0 | 0 |
| TOAST INC | CL A | 888787108 |  | 295060 | 6662 | SH |  | SOLE |  | 6662 | 0 | 0 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 207170 | 4779 | SH |  | SOLE |  | 4779 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 262883 | 601 | SH |  | SOLE |  | 601 | 0 | 0 |
| TRANSMEDICS GROUP INC | COM | 89377M109 |  | 264000 | 1970 | SH |  | SOLE |  | 1970 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 221791 | 829 | SH |  | SOLE |  | 829 | 0 | 0 |
| TRINITY CAP INC | COM | 896442308 |  | 372686 | 26488 | SH |  | SOLE |  | 26488 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 344143 | 6152 | SH |  | SOLE |  | 6152 | 0 | 0 |
| UDEMY INC | COM | 902685106 |  | 303787 | 43213 | SH |  | SOLE |  | 43213 | 0 | 0 |
| UIPATH INC | CL A | 90364P105 |  | 193562 | 15122 | SH |  | SOLE |  | 15122 | 0 | 0 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 215665 | 461 | SH |  | SOLE |  | 461 | 0 | 0 |
| UNIVERSAL DISPLAY CORP | COM | 91347P105 |  | 218098 | 1412 | SH |  | SOLE |  | 1412 | 0 | 0 |
| UPWORK INC | COM | 91688F104 |  | 171602 | 12768 | SH |  | SOLE |  | 12768 | 0 | 0 |
| URBAN OUTFITTERS INC | COM | 917047102 |  | 405644 | 5592 | SH |  | SOLE |  | 5592 | 0 | 0 |
| US FOODS HLDG CORP | COM | 912008109 |  | 348008 | 4519 | SH |  | SOLE |  | 4519 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 519804 | 1805 | SH |  | SOLE |  | 1805 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 280563 | 6484 | SH |  | SOLE |  | 6484 | 0 | 0 |
| VERRA MOBILITY CORP | CL A COM STK | 92511U102 |  | 274720 | 10820 | SH |  | SOLE |  | 10820 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 250173 | 1195 | SH |  | SOLE |  | 1195 | 0 | 0 |
| WALKER  DUNLOP INC | COM | 93148P102 |  | 208762 | 2962 | SH |  | SOLE |  | 2962 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 115769 | 10102 | SH |  | SOLE |  | 10102 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 246439 | 1077 | SH |  | SOLE |  | 1077 | 0 | 0 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 291442 | 1332 | SH |  | SOLE |  | 1332 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 435230 | 51690 | SH |  | SOLE |  | 51690 | 0 | 0 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 285734 | 1749 | SH |  | SOLE |  | 1749 | 0 | 0 |
| WIX COM LTD | SHS | M98068105 |  | 254170 | 1604 | SH |  | SOLE |  | 1604 | 0 | 0 |
| WOODWARD INC | COM | 980745103 |  | 318862 | 1301 | SH |  | SOLE |  | 1301 | 0 | 0 |
| WORKDAY INC | CL A | 98138H101 |  | 427920 | 1783 | SH |  | SOLE |  | 1783 | 0 | 0 |
| WORTHINGTON ENTERPRISES INC | COM | 981811102 |  | 280780 | 4412 | SH |  | SOLE |  | 4412 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 229701 | 3373 | SH |  | SOLE |  | 3373 | 0 | 0 |
| XP INC | CL A | G98239109 |  | 291627 | 14437 | SH |  | SOLE |  | 14437 | 0 | 0 |
| XPONENTIAL FITNESS INC | COM CL A | 98422X101 |  | 137779 | 18395 | SH |  | SOLE |  | 18395 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 260790 | 2016 | SH |  | SOLE |  | 2016 | 0 | 0 |
| YEXT INC | COM | 98585N106 |  | 157403 | 18518 | SH |  | SOLE |  | 18518 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 247905 | 1673 | SH |  | SOLE |  | 1673 | 0 | 0 |
| ZETA GLOBAL HOLDINGS CORP | CL A | 98956A105 |  | 198814 | 12835 | SH |  | SOLE |  | 12835 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 327339 | 2099 | SH |  | SOLE |  | 2099 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 245793 | 3152 | SH |  | SOLE |  | 3152 | 0 | 0 |

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