# EDGAR Filing Document

**Accession Number:** 0002037238
**File Stem:** 0002037238-25-000006
**Filing Date:** 2025-11
**Character Count:** 21124
**Document Hash:** 5eac8bb030b12343c184f30c94a83aff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002037238-25-000006.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0002037238-25-000006

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Massar Capital Management, LP
- **CENTRAL INDEX KEY:** 0002037238

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25137
- **FILM NUMBER:** 251482499

**BUSINESS ADDRESS:**
- **STREET 1:** 4 STAMFORD PLAZA
- **STREET 2:** 107 ELM STREET, 4TH FLOOR
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06902
- **BUSINESS PHONE:** 212.278.0350

**MAIL ADDRESS:**
- **STREET 1:** 4 STAMFORD PLAZA
- **STREET 2:** 107 ELM STREET, 4TH FLOOR
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06902

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Massar Capital Management LP<br>**Address:** 4 STAMFORD PLAZA<br>107 ELM STREET 4TH FLOOR<br>STAMFORD, CT 06902

**Form 13F File Number:** 028-25137

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:** Philippe Lionnet<br>**Title:** Chief Operating Officer<br>**Phone:** 212.278.0350

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

/s/ Philippe Lionnet  Stamford, CT  11-14-2025<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:** 174

**Form 13F Information Table Value Total:** $760050199

      (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 |
| ABRDN PALLADIUM ETF TRUST | PHYSICAL PALLADM | 003262102 |  | 1027530 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| ADAMAS TRUST INC. | COM | 649604840 |  | 145757 | 20912 | SH |  | SOLE |  | 20912 | 0 | 0 |
| AIRSCULPT TECHNOLOGIES INC | COM | 009496100 |  | 1765603 | 220150 | SH |  | SOLE |  | 220150 | 0 | 0 |
| ALBEMARLE CORP | COM | 012653101 |  | 1847165 | 22782 | SH |  | SOLE |  | 22782 | 0 | 0 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 147337 | 27437 | SH |  | SOLE |  | 27437 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 3038410 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| ALIGNMENT HEALTHCARE INC | COM | 01625V104 |  | 636925 | 36500 | SH |  | SOLE |  | 36500 | 0 | 0 |
| ALPHA TEKNOVA INC | COM | 02080L102 |  | 1238000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1944800 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 292260 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| AMENTUM HOLDINGS INC | COM | 023939101 |  | 794733 | 33183 | SH |  | SOLE |  | 33183 | 0 | 0 |
| AMKOR TECHNOLOGY INC | COM | 031652100 |  | 481380 | 16950 | SH |  | SOLE |  | 16950 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 369160 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 399810 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 215562 | 300 | SH |  | SOLE |  | 300 | 0 | 0 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 945371 | 46319 | SH |  | SOLE |  | 46319 | 0 | 0 |
| ASANA INC | CL A | 04342Y104 |  | 979288 | 73300 | SH |  | SOLE |  | 73300 | 0 | 0 |
| BERTO ACQUISITION CORP | ORD SHS | G1051H101 |  | 1872000 | 180000 | SH |  | SOLE |  | 180000 | 0 | 0 |
| BLACKSTONE SECD LENDING FD | COMMON STOCK | 09261X102 |  | 1390131 | 53323 | SH |  | SOLE |  | 53323 | 0 | 0 |
| BLEND LABS INC | CL A | 09352U108 |  | 803000 | 220000 | SH |  | SOLE |  | 220000 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 6860230 | 94925 | SH |  | SOLE |  | 94925 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 32991255 | 456500 | SH | Call | SOLE |  | 456500 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 32991255 | 456500 | SH | Put | SOLE |  | 456500 | 0 | 0 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 1334542 | 104506 | SH |  | SOLE |  | 104506 | 0 | 0 |
| BOLD EAGLE ACQUISITION CORP | CL A | G2003N105 |  | 832000 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| BOWMAN CONSULTING GROUP LTD | COM | 103002101 |  | 223322 | 5272 | SH |  | SOLE |  | 5272 | 0 | 0 |
| BROOKFIELD RENEWABLE CORP | CL A EX SUB VTG | 11285B108 |  | 240940 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| CANTOR EQUITY PARTNERS I INC | SHS CL A | G1827K107 |  | 745275 | 71250 | SH |  | SOLE |  | 71250 | 0 | 0 |
| CANTOR EQUITY PARTNERS II IN | CL A ORD SHS | G1827P106 |  | 735700 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| CENTENE CORP DEL | COM | 15135B101 |  | 1259504 | 35300 | SH |  | SOLE |  | 35300 | 0 | 0 |
| CENTRAL  EASTERN EUROPE FD | COM | 153436100 |  | 614400 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| CENTURY ALUM CO | COM | 156431108 |  | 506460 | 17250 | SH |  | SOLE |  | 17250 | 0 | 0 |
| CHEMOURS CO | COM | 163851108 |  | 498960 | 31500 | SH |  | SOLE |  | 31500 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 822430 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 3006853 | 76725 | SH |  | SOLE |  | 76725 | 0 | 0 |
| CHURCHILL CAPITAL CORP IX | CL A SHS | G21301109 |  | 1152800 | 110000 | SH |  | SOLE |  | 110000 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 259293 | 1780 | SH |  | SOLE |  | 1780 | 0 | 0 |
| CLEARPOINT NEURO INC | COM | 18507C103 |  | 1394560 | 64000 | SH |  | SOLE |  | 64000 | 0 | 0 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 1612429 | 7514 | SH |  | SOLE |  | 7514 | 0 | 0 |
| COGNEX CORP | COM | 192422103 |  | 1656621 | 36570 | SH |  | SOLE |  | 36570 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 38541358 | 114200 | SH | Call | SOLE |  | 114200 | 0 | 0 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 38541358 | 114200 | SH | Put | SOLE |  | 114200 | 0 | 0 |
| COMMSCOPE HLDG CO INC | COM | 20337X109 |  | 516769 | 33383 | SH |  | SOLE |  | 33383 | 0 | 0 |
| COMPANHIA DE SANEAMENTO BASI | SPONSORED ADR | 20441A102 |  | 238048 | 9564 | SH |  | SOLE |  | 9564 | 0 | 0 |
| COMSTOCK RES INC | COM | 205768302 |  | 1647199 | 83066 | SH |  | SOLE |  | 83066 | 0 | 0 |
| CORE NATURAL RESOURCES INC | COM SHS | 218937100 |  | 1686296 | 20200 | SH |  | SOLE |  | 20200 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 35262864 | 1965600 | SH | Call | SOLE |  | 1965600 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 35262864 | 1965600 | SH | Put | SOLE |  | 1965600 | 0 | 0 |
| CVRX INC | COM | 126638105 |  | 279222 | 34600 | SH |  | SOLE |  | 34600 | 0 | 0 |
| CYTOKINETICS INC | COM NEW | 23282W605 |  | 205550 | 3740 | SH |  | SOLE |  | 3740 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 315701 | 2217 | SH |  | SOLE |  | 2217 | 0 | 0 |
| DENISON MINES CORP | COM | 248356107 |  | 1099541 | 399833 | SH |  | SOLE |  | 399833 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 1933905 | 16890 | SH |  | SOLE |  | 16890 | 0 | 0 |
| ECOPETROL S A | SPONSORED ADS | 279158109 |  | 2210400 | 240000 | SH |  | SOLE |  | 240000 | 0 | 0 |
| ENERGY FUELS INC | COM NEW | 292671708 |  | 445150 | 29000 | SH |  | SOLE |  | 29000 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 2097297 | 38532 | SH |  | SOLE |  | 38532 | 0 | 0 |
| EVOLV TECHNOLOGIES HLDNGS IN | COM CL A | 30049H102 |  | 1830875 | 242500 | SH |  | SOLE |  | 242500 | 0 | 0 |
| EXAGEN INC | COM | 30068X103 |  | 1868300 | 170000 | SH |  | SOLE |  | 170000 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 1035501 | 3204 | SH |  | SOLE |  | 3204 | 0 | 0 |
| FLUOR CORP NEW | COM | 343412102 |  | 2153353 | 51185 | SH |  | SOLE |  | 51185 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 431420 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| GDS HLDGS LTD | SPONSORED ADS | 36165L108 |  | 2073159 | 53570 | SH |  | SOLE |  | 53570 | 0 | 0 |
| GEN DIGITAL INC | COM | 668771108 |  | 1073681 | 37819 | SH |  | SOLE |  | 37819 | 0 | 0 |
| GEO GROUP INC NEW | COM | 36162J106 |  | 614700 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| GITLAB INC | CLASS A COM | 37637K108 |  | 12704896 | 281830 | SH |  | SOLE |  | 281830 | 0 | 0 |
| GLOBAL X FDS | GLBX MSCI COLUM | 37954Y327 |  | 1313200 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 2621850 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| GLOBALFOUNDRIES INC | ORDINARY SHARES | G39387108 |  | 4659200 | 130000 | SH |  | SOLE |  | 130000 | 0 | 0 |
| GRAVITY CO LTD | SPONSORED ADS NE | 38911N206 |  | 448000 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| GRAYSCALE ETHEREUM MINI TR E | SHS NEW | 38964R203 |  | 9990900 | 255000 | SH |  | SOLE |  | 255000 | 0 | 0 |
| GRUPO AVAL ACCIONES Y VALORE | SPONSORED ADS | 40053W101 |  | 429000 | 130000 | SH |  | SOLE |  | 130000 | 0 | 0 |
| GRUPO CIBEST SA | SPON ADS | 40090E106 |  | 1350440 | 26000 | SH |  | SOLE |  | 26000 | 0 | 0 |
| GRUPO FINANCIERO GALICIA S.A | SPONSORED ADR | 399909100 |  | 826800 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| HCM II ACQUISITION CORP | SHS CL A | G43658106 |  | 1066650 | 65000 | SH |  | SOLE |  | 65000 | 0 | 0 |
| HERCULES CAPITAL INC | COM | 427096508 |  | 275613 | 14575 | SH |  | SOLE |  | 14575 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 1578750 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| IDAHO STRATEGIC RESOURCES | COM NEW | 645827205 |  | 489955 | 14500 | SH |  | SOLE |  | 14500 | 0 | 0 |
| INOTIV INC | COM | 45783Q100 |  | 507500 | 350000 | SH |  | SOLE |  | 350000 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 5032500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1676233 | 2792 | SH |  | SOLE |  | 2792 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 66040700 | 110000 | SH | Put | SOLE |  | 110000 | 0 | 0 |
| IONIS PHARMACEUTICALS INC | COM | 462222100 |  | 226484 | 3462 | SH |  | SOLE |  | 3462 | 0 | 0 |
| IPERIONX LTD | SPONSORED ADS | 44916E100 |  | 468825 | 9500 | SH |  | SOLE |  | 9500 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 8355425 | 128545 | SH |  | SOLE |  | 128545 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 6500000 | 100000 | SH | Call | SOLE |  | 100000 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 6500000 | 100000 | SH | Put | SOLE |  | 100000 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 16585000 | 535000 | SH |  | SOLE |  | 535000 | 0 | 0 |
| ISHARES INC | MSCI CHILE ETF | 464286640 |  | 2472000 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| ISHARES INC | MSCI JPN ETF NEW | 46434G822 |  | 399446 | 4980 | SH |  | SOLE |  | 4980 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 15705300 | 65000 | SH | Put | SOLE |  | 65000 | 0 | 0 |
| JD.COM INC | SPON ADS CL A | 47215P106 |  | 3854796 | 110200 | SH |  | SOLE |  | 110200 | 0 | 0 |
| KASPI KZ JSC | SPONSORED ADS | 48581R205 |  | 2071405 | 25360 | SH |  | SOLE |  | 25360 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 849300 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| KRANESHARES TRUST | GLOBAL HUMANOID | 500767751 |  | 1764400 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| KRATOS DEFENSE  SEC SOLUTIO | COM NEW | 50077B207 |  | 1642467 | 17976 | SH |  | SOLE |  | 17976 | 0 | 0 |
| LARIMAR THERAPEUTICS INC | COM | 517125100 |  | 377910 | 117000 | SH |  | SOLE |  | 117000 | 0 | 0 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 1514325 | 8014 | SH |  | SOLE |  | 8014 | 0 | 0 |
| LENNAR CORP | CL A | 526057104 |  | 756240 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 1797093 | 10100 | SH |  | SOLE |  | 10100 | 0 | 0 |
| MARA HOLDINGS INC | COM | 565788106 |  | 40334514 | 2208900 | SH | Call | SOLE |  | 2208900 | 0 | 0 |
| MARA HOLDINGS INC | COM | 565788106 |  | 40334514 | 2208900 | SH | Put | SOLE |  | 2208900 | 0 | 0 |
| MARAVAI LIFESCIENCES HLDGS I | COM CL A | 56600D107 |  | 574000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 1526022 | 653 | SH |  | SOLE |  | 653 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 334640 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 1006056 | 7200 | SH |  | SOLE |  | 7200 | 0 | 0 |
| MITSUBISHI UFJ FINL GROUP IN | SPONSORED ADS | 606822104 |  | 2367090 | 148500 | SH |  | SOLE |  | 148500 | 0 | 0 |
| MIZUHO FINANCIAL GROUP INC | SPONSORED ADR | 60687Y109 |  | 2525900 | 377000 | SH |  | SOLE |  | 377000 | 0 | 0 |
| MOBILEYE GLOBAL INC | COMMON CLASS A | 60741F104 |  | 1016640 | 72000 | SH |  | SOLE |  | 72000 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 1148160 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| MUELLER WTR PRODS INC | COM SER A | 624758108 |  | 972669 | 38114 | SH |  | SOLE |  | 38114 | 0 | 0 |
| NATIONAL PRESTO INDS INC | COM | 637215104 |  | 3644875 | 32500 | SH |  | SOLE |  | 32500 | 0 | 0 |
| NEURONETICS INC | COM | 64131A105 |  | 655200 | 240000 | SH |  | SOLE |  | 240000 | 0 | 0 |
| NOBLE CORP PLC | ORD SHS A | G65431127 |  | 1272600 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 640400 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| NUVATION BIO INC | COM CL A | 67080N101 |  | 202453 | 54717 | SH |  | SOLE |  | 54717 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 5597250 | 30000 | SH | Put | SOLE |  | 30000 | 0 | 0 |
| ONTO INNOVATION INC | COM | 683344105 |  | 387660 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| OSI SYSTEMS INC | COM | 671044105 |  | 315289 | 1265 | SH |  | SOLE |  | 1265 | 0 | 0 |
| PERPETUA RESOURCES CORP | COM | 714266103 |  | 460232 | 22750 | SH |  | SOLE |  | 22750 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 348150 | 27500 | SH |  | SOLE |  | 27500 | 0 | 0 |
| PURECYCLE TECHNOLOGIES INC | COM | 74623V103 |  | 328750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| QUALYS INC | COM | 74758T303 |  | 280672 | 2121 | SH |  | SOLE |  | 2121 | 0 | 0 |
| QXO INC | COM NEW | 82846H405 |  | 1461902 | 76700 | SH |  | SOLE |  | 76700 | 0 | 0 |
| RAMBUS INC DEL | COM | 750917106 |  | 375120 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| REGAL REXNORD CORPORATION | COM | 758750103 |  | 1219240 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| RENATUS TACTICAL ACQUIS | SHS CL A | G7490F101 |  | 1636500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| RENATUS TACTICAL ACQUIS | UNIT 05/15/2030 | G7490F119 |  | 835120 | 73000 | SH |  | SOLE |  | 73000 | 0 | 0 |
| REZOLUTE INC | COM NEW | 76200L309 |  | 264657 | 28155 | SH |  | SOLE |  | 28155 | 0 | 0 |
| RIGEL PHARMACEUTICALS INC | COM | 766559702 |  | 314463 | 11100 | SH |  | SOLE |  | 11100 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 1027250 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 246901 | 12740 | SH |  | SOLE |  | 12740 | 0 | 0 |
| RUBRIK INC. | CL A | 781154109 |  | 2481894 | 30175 | SH |  | SOLE |  | 30175 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 |  | 2095200 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| SCIENCE APPLICATIONS INTL CO | COM | 808625107 |  | 395095 | 3976 | SH |  | SOLE |  | 3976 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1713988 | 19185 | SH |  | SOLE |  | 19185 | 0 | 0 |
| SEMLER SCIENTIFIC INC | COM | 81684M104 |  | 4500000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 984700 | 1070 | SH |  | SOLE |  | 1070 | 0 | 0 |
| SILVERBOX CORP IV | SHS CL A | G81354105 |  | 990462 | 94600 | SH |  | SOLE |  | 94600 | 0 | 0 |
| SOUTHERN COPPER CORP | COM | 84265V105 |  | 1052191 | 8670 | SH |  | SOLE |  | 8670 | 0 | 0 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 3006000 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| STONECO LTD | COM CL A | G85158106 |  | 1607350 | 85000 | SH |  | SOLE |  | 85000 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 5792369 | 17977 | SH |  | SOLE |  | 17977 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 33671990 | 104500 | SH | Call | SOLE |  | 104500 | 0 | 0 |
| STRATEGY INC | CL A NEW | 594972408 |  | 33671990 | 104500 | SH | Put | SOLE |  | 104500 | 0 | 0 |
| SUMITOMO MITSUI FINL GROUP I | SPONSORED ADR | 86562M209 |  | 3348000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 836200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 1066665 | 22250 | SH |  | SOLE |  | 22250 | 0 | 0 |
| SWEETGREEN INC | COM CL A | 87043Q108 |  | 3279780 | 411000 | SH |  | SOLE |  | 411000 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 1574916 | 5639 | SH |  | SOLE |  | 5639 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 5559000 | 12500 | SH | Call | SOLE |  | 12500 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 13341600 | 30000 | SH | Put | SOLE |  | 30000 | 0 | 0 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 6535480 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| THE ONCOLOGY INSTITUTE INC | COM | 68236X100 |  | 1396000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| TRIPADVISOR INC | COM | 896945201 |  | 1463400 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| TUTOR PERINI CORP | COM | 901109108 |  | 242158 | 3692 | SH |  | SOLE |  | 3692 | 0 | 0 |
| UNIQURE NV | SHS | N90064101 |  | 1167400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 29903740 | 358000 | SH |  | SOLE |  | 358000 | 0 | 0 |
| UNITED STATES ANTIMONY CORP | COM | 911549103 |  | 477400 | 77000 | SH |  | SOLE |  | 77000 | 0 | 0 |
| UPSTART HLDGS INC | COM | 91680M107 |  | 208280 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| URANIUM ENERGY CORP | COM | 916896103 |  | 1672716 | 125391 | SH |  | SOLE |  | 125391 | 0 | 0 |
| USA RARE EARTH INC | COM | 91733P107 |  | 464130 | 27000 | SH |  | SOLE |  | 27000 | 0 | 0 |
| V F CORP | COM | 918204108 |  | 1941556 | 134550 | SH |  | SOLE |  | 134550 | 0 | 0 |
| VALARIS LTD | CL A | G9460G101 |  | 536470 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 434400 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| VANECK ETF TRUST | JUNIOR GOLD MINE | 92189F791 |  | 940785 | 9500 | SH |  | SOLE |  | 9500 | 0 | 0 |
| VANECK ETF TRUST | RARE EARTH AND S | 92189H805 |  | 1099984 | 16712 | SH |  | SOLE |  | 16712 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 4769425 | 14614 | SH |  | SOLE |  | 14614 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 1116364 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| WESTWATER RES INC | COM NEW | 961684206 |  | 465053 | 490200 | SH |  | SOLE |  | 490200 | 0 | 0 |
| WIX COM LTD | SHS | M98068105 |  | 2163533 | 12180 | SH |  | SOLE |  | 12180 | 0 | 0 |
| XPENG INC | ADS | 98422D105 |  | 896986 | 38300 | SH |  | SOLE |  | 38300 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 1552290 | 10524 | SH |  | SOLE |  | 10524 | 0 | 0 |
| YORKVILLE ACQUISITION CORP. | UNIT 06/06/2030 | G98659108 |  | 1436500 | 130000 | SH |  | SOLE |  | 130000 | 0 | 0 |
| ZURN ELKAY WATER SOLNS CORP | COM | 98983L108 |  | 251705 | 5352 | SH |  | SOLE |  | 5352 | 0 | 0 |

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