# EDGAR Filing Document

**Accession Number:** 0001812822
**File Stem:** 0001420506-26-001092
**Filing Date:** 2026-5
**Character Count:** 20985
**Document Hash:** ca07fba80052c379cb5fd63e8dad27f4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-26-001092.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001420506-26-001092

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Verdad Advisers, LP
- **CENTRAL INDEX KEY:** 0001812822

**ORGANIZATION NAME:**
- **EIN:** 465081802
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20934
- **FILM NUMBER:** 26984139

**BUSINESS ADDRESS:**
- **STREET 1:** 695 ATLANTIC AVENUE
- **STREET 2:** 4TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111
- **BUSINESS PHONE:** 2022516707

**MAIL ADDRESS:**
- **STREET 1:** 695 ATLANTIC AVENUE
- **STREET 2:** 4TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**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:** Verdad Advisers LP<br>**Address:** 695 ATLANTIC AVENUE<br>4TH FLOOR<br>BOSTON, MA 02111

**Form 13F File Number:** 028-20934

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:** DANIEL RASMUSSEN<br>**Title:** Managing Partner<br>**Phone:** 2022516707

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

DANIEL RASMUSSEN Managing Partner  BOSTON, MA  05-15-2026<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:** 179

**Form 13F Information Table Value Total:** $88832995

      (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 |
| 1STDIBS COM INC | COM | 320551104 |  | 207917 | 37803 | SH |  | SOLE |  | 37803 | 0 | 0 |
| 8X8 INC NEW | COM | 282914100 |  | 20367 | 12269 | SH |  | SOLE |  | 12269 | 0 | 0 |
| ACADEMY SPORTS  OUTDOORS IN | COM | 00402L107 |  | 479825 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| ACADIA PHARMACEUTICALS INC | COM | 004225108 |  | 1520135 | 68290 | SH |  | SOLE |  | 68290 | 0 | 0 |
| ACLARIS THERAPEUTICS INC | COM | 00461U105 |  | 738908 | 197042 | SH |  | SOLE |  | 197042 | 0 | 0 |
| ACUMEN PHARMACEUTICALS INC | COM | 00509G209 |  | 87976 | 37278 | SH |  | SOLE |  | 37278 | 0 | 0 |
| ADAPTHEALTH CORP | COMMON STOCK | 00653Q102 |  | 1130500 | 95000 | SH |  | SOLE |  | 95000 | 0 | 0 |
| ALECTOR INC | COM | 014442107 |  | 50641 | 23554 | SH |  | SOLE |  | 23554 | 0 | 0 |
| ALUMIS INC | COM | 022307102 |  | 202081 | 9173 | SH |  | SOLE |  | 9173 | 0 | 0 |
| AMC NETWORKS INC | CL A | 00164V103 |  | 91183 | 13429 | SH |  | SOLE |  | 13429 | 0 | 0 |
| AMERICAN INTEGRITY INS GROUP | COM | 026948109 |  | 792312 | 41095 | SH |  | SOLE |  | 41095 | 0 | 0 |
| AMERICAN PUB ED INC | COM | 02913V103 |  | 362155 | 6367 | SH |  | SOLE |  | 6367 | 0 | 0 |
| AMN HEALTHCARE SVCS INC | COM | 001744101 |  | 917000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| ANNEXON INC | COM | 03589W102 |  | 295155 | 53277 | SH |  | SOLE |  | 53277 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 989140 | 2894 | SH |  | SOLE |  | 2894 | 0 | 0 |
| ARCELLX INC | COMMON STOCK | 03940C100 |  | 332174 | 2893 | SH |  | SOLE |  | 2893 | 0 | 0 |
| ARROW ELECTRS INC | COM | 042735100 |  | 332711 | 2320 | SH |  | SOLE |  | 2320 | 0 | 0 |
| ASA GOLD AND PRECIOUS MTLS L | SHS | G3156P103 |  | 563294 | 9081 | SH |  | SOLE |  | 9081 | 0 | 0 |
| ASSERTIO HOLDINGS INC | COM NEW | 04546C304 |  | 296211 | 15541 | SH |  | SOLE |  | 15541 | 0 | 0 |
| ATAIBECKLEY INC | COM SHS | 04650F101 |  | 805952 | 227670 | SH |  | SOLE |  | 227670 | 0 | 0 |
| AUTOHOME INC | SP ADS RP CL A | 05278C107 |  | 2107276 | 121317 | SH |  | SOLE |  | 121317 | 0 | 0 |
| AVNET INC | COM | 053807103 |  | 412977 | 6702 | SH |  | SOLE |  | 6702 | 0 | 0 |
| AXOGEN INC | COM | 05463X106 |  | 381227 | 11507 | SH |  | SOLE |  | 11507 | 0 | 0 |
| AXSOME THERAPEUTICS INC. | COM | 05464T104 |  | 1009218 | 5971 | SH |  | SOLE |  | 5971 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 1061857 | 8951 | SH |  | SOLE |  | 8951 | 0 | 0 |
| BELITE BIO INC | SPONSORED ADS | 07782B104 |  | 2202345 | 13813 | SH |  | SOLE |  | 13813 | 0 | 0 |
| BGSF INC | COM | 05601C105 |  | 93284 | 14418 | SH |  | SOLE |  | 14418 | 0 | 0 |
| BIOAGE LABS INC | COM | 09077V100 |  | 266023 | 15210 | SH |  | SOLE |  | 15210 | 0 | 0 |
| BK TECHNOLOGIES CORPORATION | COM NEW | 05587G203 |  | 203591 | 2728 | SH |  | SOLE |  | 2728 | 0 | 0 |
| BLOOMIN BRANDS INC | COM | 094235108 |  | 540000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 394416 | 7269 | SH |  | SOLE |  | 7269 | 0 | 0 |
| C4 THERAPEUTICS INC | COM STK | 12529R107 |  | 287740 | 109407 | SH |  | SOLE |  | 109407 | 0 | 0 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 1950019 | 24637 | SH |  | SOLE |  | 24637 | 0 | 0 |
| CALIFORNIA RES CORP | COM STOCK | 13057Q305 |  | 1557450 | 22500 | SH |  | SOLE |  | 22500 | 0 | 0 |
| CARTERS INC | COM | 146229109 |  | 894000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| CERUS CORP | COM | 157085101 |  | 30774 | 16909 | SH |  | SOLE |  | 16909 | 0 | 0 |
| CHATHAM LODGING TR | COM | 16208T102 |  | 1101800 | 140000 | SH |  | SOLE |  | 140000 | 0 | 0 |
| CHEVRON CORPORATION | COM | 166764100 |  | 936223 | 4525 | SH |  | SOLE |  | 4525 | 0 | 0 |
| CIRRUS LOGIC INC | COM | 172755100 |  | 468135 | 3237 | SH |  | SOLE |  | 3237 | 0 | 0 |
| CLIMB BIO INC | COM | 28658R106 |  | 990099 | 144540 | SH |  | SOLE |  | 144540 | 0 | 0 |
| COGENT BIOSCIENCES INC | COM | 19240Q201 |  | 205113 | 5329 | SH |  | SOLE |  | 5329 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 254541 | 4149 | SH |  | SOLE |  | 4149 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 1192872 | 41549 | SH |  | SOLE |  | 41549 | 0 | 0 |
| COMTECH TELECOMMUNICATIONS C | COM NEW | 205826209 |  | 63409 | 19099 | SH |  | SOLE |  | 19099 | 0 | 0 |
| CONSENSUS CLOUD SOLUTIONS IN | COM | 20848V105 |  | 356100 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| CONTINEUM THERAPEUTICS INC | CL A | 21217B100 |  | 1123578 | 86032 | SH |  | SOLE |  | 86032 | 0 | 0 |
| CORBUS PHARMACEUTICALS HLDGS | COM NEW | 21833P301 |  | 471866 | 50252 | SH |  | SOLE |  | 50252 | 0 | 0 |
| CRESCENT BIOPHARMA INC. | COM | G2545C104 |  | 234181 | 12748 | SH |  | SOLE |  | 12748 | 0 | 0 |
| CULLINAN THERAPEUTICS INC | COM | 230031106 |  | 179103 | 12604 | SH |  | SOLE |  | 12604 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 409374 | 5700 | SH |  | SOLE |  | 5700 | 0 | 0 |
| CYTOMX THERAPEUTICS INC. | COM | 23284F105 |  | 141879 | 30187 | SH |  | SOLE |  | 30187 | 0 | 0 |
| DAILY JOURNAL CORP | COM | 233912104 |  | 327509 | 679 | SH |  | SOLE |  | 679 | 0 | 0 |
| DAKTRONICS INC | COM | 234264109 |  | 345879 | 17692 | SH |  | SOLE |  | 17692 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 671404 | 6708 | SH |  | SOLE |  | 6708 | 0 | 0 |
| DESIGN THERAPEUTICS INC | COM | 25056L103 |  | 982178 | 92310 | SH |  | SOLE |  | 92310 | 0 | 0 |
| DESIGNER BRANDS INC | CL A | 250565108 |  | 80616 | 14168 | SH |  | SOLE |  | 14168 | 0 | 0 |
| DIANTHUS THERAPEUTICS INC | COM | 252828108 |  | 730020 | 8699 | SH |  | SOLE |  | 8699 | 0 | 0 |
| DINGDONG CAYMAN LTD | ADS | 25445D101 |  | 54407 | 21170 | SH |  | SOLE |  | 21170 | 0 | 0 |
| DOUBLEDOWN INTERACTIVE CO LT | ADS | 25862B109 |  | 121021 | 14322 | SH |  | SOLE |  | 14322 | 0 | 0 |
| DXC TECHNOLOGY CO | COM | 23355L106 |  | 335028 | 26653 | SH |  | SOLE |  | 26653 | 0 | 0 |
| EASTMAN KODAK CO | COM NEW | 277461406 |  | 133895 | 14795 | SH |  | SOLE |  | 14795 | 0 | 0 |
| EDGEWISE THERAPEUTICS INC | COM | 28036F105 |  | 411138 | 13052 | SH |  | SOLE |  | 13052 | 0 | 0 |
| EGAIN CORP | COM NEW | 28225C806 |  | 207412 | 26288 | SH |  | SOLE |  | 26288 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 207560 | 709 | SH |  | SOLE |  | 709 | 0 | 0 |
| EMBECTA CORP | COMMON STOCK | 29082K105 |  | 486200 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| ENHABIT INC | COM | 29332G102 |  | 302935 | 21500 | SH |  | SOLE |  | 21500 | 0 | 0 |
| ERASCA INC | COM | 29479A108 |  | 535073 | 33070 | SH |  | SOLE |  | 33070 | 0 | 0 |
| EZCORP INC | CL A NON VTG | 302301106 |  | 225933 | 8902 | SH |  | SOLE |  | 8902 | 0 | 0 |
| FEDERATED HERMES INC | CL B | 314211103 |  | 777494 | 13710 | SH |  | SOLE |  | 13710 | 0 | 0 |
| FIGS INC | CL A | 30260D103 |  | 358187 | 24251 | SH |  | SOLE |  | 24251 | 0 | 0 |
| FINVOLUTION GROUP | SPONSORED ADS | 31810T101 |  | 72545 | 15145 | SH |  | SOLE |  | 15145 | 0 | 0 |
| FOGHORN THERAPEUTICS INC | COM | 344174107 |  | 116708 | 24416 | SH |  | SOLE |  | 24416 | 0 | 0 |
| FORMFACTOR INC | COM | 346375108 |  | 376030 | 3877 | SH |  | SOLE |  | 3877 | 0 | 0 |
| FORUM ENERGY TECHNOLOGIES IN | COM | 34984V209 |  | 284677 | 4853 | SH |  | SOLE |  | 4853 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 685922 | 9207 | SH |  | SOLE |  | 9207 | 0 | 0 |
| GOLD RESOURCE CORP | COM | 38068T105 |  | 17647 | 14706 | SH |  | SOLE |  | 14706 | 0 | 0 |
| GRAVITY CO LTD | SPONSORED ADS NE | 38911N206 |  | 552621 | 8919 | SH |  | SOLE |  | 8919 | 0 | 0 |
| HCI GROUP INC | COM | 40416E103 |  | 577778 | 3737 | SH |  | SOLE |  | 3737 | 0 | 0 |
| HELLO GROUP INC | ADS | 423403104 |  | 859697 | 149253 | SH |  | SOLE |  | 149253 | 0 | 0 |
| HERITAGE INSURANCE HLDGS INC | COM | 42727J102 |  | 695468 | 26494 | SH |  | SOLE |  | 26494 | 0 | 0 |
| IBIO INC | COM NEW | 451033708 |  | 107004 | 56318 | SH |  | SOLE |  | 56318 | 0 | 0 |
| INNOVAGE HLDG CORP | COM | 45784A104 |  | 253761 | 31641 | SH |  | SOLE |  | 31641 | 0 | 0 |
| INVIVYD INC | COM | 00534A102 |  | 170659 | 131276 | SH |  | SOLE |  | 131276 | 0 | 0 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 562489 | 7070 | SH |  | SOLE |  | 7070 | 0 | 0 |
| JASPER THERAPEUTICS INC | COM NEW | 471871202 |  | 64810 | 73967 | SH |  | SOLE |  | 73967 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1324376 | 5418 | SH |  | SOLE |  | 5418 | 0 | 0 |
| JONES LANG LASALLE INC | COM | 48020Q107 |  | 962564 | 3163 | SH |  | SOLE |  | 3163 | 0 | 0 |
| KODIAK SCIENCES INC | COM | 50015M109 |  | 347464 | 9115 | SH |  | SOLE |  | 9115 | 0 | 0 |
| KOHLS CORP | COM | 500255104 |  | 145538 | 11282 | SH |  | SOLE |  | 11282 | 0 | 0 |
| KULICKE  SOFFA INDS INC | COM | 501242101 |  | 249145 | 3791 | SH |  | SOLE |  | 3791 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 1103127 | 5163 | SH |  | SOLE |  | 5163 | 0 | 0 |
| LINCOLN EDL SVCS CORP | COM | 533535100 |  | 216987 | 5334 | SH |  | SOLE |  | 5334 | 0 | 0 |
| MACYS INC | COM | 55616P104 |  | 463158 | 25603 | SH |  | SOLE |  | 25603 | 0 | 0 |
| MAMMOTH ENERGY SVCS INC | COM | 56155L108 |  | 55686 | 22729 | SH |  | SOLE |  | 22729 | 0 | 0 |
| MARCUS  MILLICHAP INC | COM | 566324109 |  | 413182 | 15539 | SH |  | SOLE |  | 15539 | 0 | 0 |
| MEDIFAST INC | COM | 58470H101 |  | 133978 | 13148 | SH |  | SOLE |  | 13148 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 680841 | 5660 | SH |  | SOLE |  | 5660 | 0 | 0 |
| MESABI TR | CTF BEN INT | 590672101 |  | 324545 | 10303 | SH |  | SOLE |  | 10303 | 0 | 0 |
| MIAMI INTL HLDGS INC | COM | 59356Q108 |  | 478015 | 12282 | SH |  | SOLE |  | 12282 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 1297643 | 3841 | SH |  | SOLE |  | 3841 | 0 | 0 |
| MILLROSE PPTYS INC | COM CL A | 601137102 |  | 479416 | 17122 | SH |  | SOLE |  | 17122 | 0 | 0 |
| MISTRAS GROUP INC | COM | 60649T107 |  | 510294 | 34526 | SH |  | SOLE |  | 34526 | 0 | 0 |
| MOVADO GROUP INC | COM | 624580106 |  | 262344 | 10743 | SH |  | SOLE |  | 10743 | 0 | 0 |
| NAPCO SEC TECHNOLOGIES INC | COM | 630402105 |  | 318704 | 8091 | SH |  | SOLE |  | 8091 | 0 | 0 |
| NET LEASE OFFICE PROPERTIES | COM | 64110Y108 |  | 275662 | 23929 | SH |  | SOLE |  | 23929 | 0 | 0 |
| NETSCOUT SYS INC | COM | 64115T104 |  | 468012 | 14722 | SH |  | SOLE |  | 14722 | 0 | 0 |
| NEW YORK TIMES CO MTN BE | CL A | 650111107 |  | 628729 | 7509 | SH |  | SOLE |  | 7509 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 532915 | 4923 | SH |  | SOLE |  | 4923 | 0 | 0 |
| NEXTCURE INC | COM NEW | 65343E207 |  | 458759 | 42955 | SH |  | SOLE |  | 42955 | 0 | 0 |
| NGL ENERGY PARTNERS LP | COM UNIT REPST | 62913M107 |  | 863100 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| NIO INC | SPON ADS | 62914V106 |  | 129344 | 21450 | SH |  | SOLE |  | 21450 | 0 | 0 |
| NOAH HLDGS LTD | SPON ADS | 65487X102 |  | 306128 | 30922 | SH |  | SOLE |  | 30922 | 0 | 0 |
| NORTH EUROPEAN OIL RTY TR | SH BEN INT | 659310106 |  | 277038 | 30782 | SH |  | SOLE |  | 30782 | 0 | 0 |
| NU SKIN ENTERPRISES INC | CL A | 67018T105 |  | 263332 | 36172 | SH |  | SOLE |  | 36172 | 0 | 0 |
| NURIX THERAPEUTICS INC | COM | 67080M103 |  | 1293088 | 83425 | SH |  | SOLE |  | 83425 | 0 | 0 |
| OIL STS INTL INC | COM | 678026105 |  | 272551 | 23415 | SH |  | SOLE |  | 23415 | 0 | 0 |
| ON24 INC | COM | 68339B104 |  | 152037 | 18770 | SH |  | SOLE |  | 18770 | 0 | 0 |
| OOMA INC | COM | 683416101 |  | 281193 | 19326 | SH |  | SOLE |  | 19326 | 0 | 0 |
| OPPENHEIMER HLDGS INC | CL A NON VTG | 683797104 |  | 305119 | 3421 | SH |  | SOLE |  | 3421 | 0 | 0 |
| OVID THERAPEUTICS INC | COM | 690469101 |  | 337260 | 151919 | SH |  | SOLE |  | 151919 | 0 | 0 |
| PAR PAC HOLDINGS INC | COM NEW | 69888T207 |  | 1409400 | 22500 | SH |  | SOLE |  | 22500 | 0 | 0 |
| PASSAGE BIO INC | COM NEW | 702712209 |  | 173705 | 22128 | SH |  | SOLE |  | 22128 | 0 | 0 |
| PEPGEN INC | COM | 713317105 |  | 96253 | 54380 | SH |  | SOLE |  | 54380 | 0 | 0 |
| PERDOCEO ED CORP | COM | 71363P106 |  | 333030 | 8950 | SH |  | SOLE |  | 8950 | 0 | 0 |
| PLAYSTUDIOS INC | CLASS A COM | 72815G108 |  | 34596 | 73733 | SH |  | SOLE |  | 73733 | 0 | 0 |
| PLIANT THERAPEUTICS INC | COM | 729139105 |  | 123883 | 98320 | SH |  | SOLE |  | 98320 | 0 | 0 |
| PMV PHARMACEUTICALS INC | COM | 69353Y103 |  | 223400 | 180161 | SH |  | SOLE |  | 180161 | 0 | 0 |
| PROG HOLDINGS INC | COM NPV | 74319R101 |  | 639758 | 22299 | SH |  | SOLE |  | 22299 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 286200 | 832 | SH |  | SOLE |  | 832 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 218657 | 283 | SH |  | SOLE |  | 283 | 0 | 0 |
| RELMADA THERAPEUTICS INC | COM | 75955J402 |  | 328157 | 47149 | SH |  | SOLE |  | 47149 | 0 | 0 |
| REVOLUTION MEDICINES INC | COM | 76155X100 |  | 2097877 | 21572 | SH |  | SOLE |  | 21572 | 0 | 0 |
| RHYTHM PHARMACEUTICALS INC | COM | 76243J105 |  | 212642 | 2445 | SH |  | SOLE |  | 2445 | 0 | 0 |
| RING ENERGY INC | COM | 76680V108 |  | 38339 | 25058 | SH |  | SOLE |  | 25058 | 0 | 0 |
| RISKIFIED LTD | SHS CL A | M8216R109 |  | 71273 | 18182 | SH |  | SOLE |  | 18182 | 0 | 0 |
| ROCKY BRANDS INC | COM | 774515100 |  | 580800 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| ROGERS CORP | COM | 775133101 |  | 283029 | 2637 | SH |  | SOLE |  | 2637 | 0 | 0 |
| SAVARA INC | COM | 805111101 |  | 700933 | 128376 | SH |  | SOLE |  | 128376 | 0 | 0 |
| SECURITY NATL FINL CORP | CL A NEW | 814785309 |  | 568800 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| SHATTUCK LABS INC | COM | 82024L103 |  | 86021 | 13378 | SH |  | SOLE |  | 13378 | 0 | 0 |
| SILICON LABORATORIES INC | COM | 826919102 |  | 343448 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| SITE CTRS CORP | COM | 82981J851 |  | 93890 | 17387 | SH |  | SOLE |  | 17387 | 0 | 0 |
| SLIDE INS HLDGS INC | COM | 831349105 |  | 551844 | 30658 | SH |  | SOLE |  | 30658 | 0 | 0 |
| SMART SAND INC | COM | 83191H107 |  | 628204 | 122696 | SH |  | SOLE |  | 122696 | 0 | 0 |
| SMART SH GLOBAL LTD | ADS | 83193E102 |  | 461128 | 408078 | SH |  | SOLE |  | 408078 | 0 | 0 |
| SOLID BIOSCIENCES INC | COM NEW | 83422E204 |  | 107129 | 14879 | SH |  | SOLE |  | 14879 | 0 | 0 |
| SPERO THERAPEUTICS INC | COM | 84833T103 |  | 78285 | 33455 | SH |  | SOLE |  | 33455 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 2109122 | 16665 | SH |  | SOLE |  | 16665 | 0 | 0 |
| STEWART INFORMATION SVCS COR | COM | 860372101 |  | 204815 | 3326 | SH |  | SOLE |  | 3326 | 0 | 0 |
| STONEX GROUP INC | COM | 861896108 |  | 560276 | 6947 | SH |  | SOLE |  | 6947 | 0 | 0 |
| STRUCTURE THERAPEUTICS INC | SPONSORED ADS | 86366E106 |  | 546347 | 11335 | SH |  | SOLE |  | 11335 | 0 | 0 |
| SUPERNUS PHARMACEUTICALS | COM | 868459108 |  | 325389 | 6295 | SH |  | SOLE |  | 6295 | 0 | 0 |
| TACTILE SYS TECHNOLOGY INC | COM | 87357P100 |  | 204232 | 7816 | SH |  | SOLE |  | 7816 | 0 | 0 |
| TALKSPACE INC | COM | 87427V103 |  | 908476 | 175551 | SH |  | SOLE |  | 175551 | 0 | 0 |
| TARSUS PHARMACEUTICALS INC | COM | 87650L103 |  | 443909 | 6328 | SH |  | SOLE |  | 6328 | 0 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 243955 | 1446 | SH |  | SOLE |  | 1446 | 0 | 0 |
| TENAX THERAPEUTICS INC | COM NEW | 88032L605 |  | 1524327 | 95330 | SH |  | SOLE |  | 95330 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 597663 | 2016 | SH |  | SOLE |  | 2016 | 0 | 0 |
| TERNS PHARMACEUTICALS INC | COM | 880881107 |  | 701229 | 13301 | SH |  | SOLE |  | 13301 | 0 | 0 |
| TRI POINTE HOMES INC | COM | 87265H109 |  | 380709 | 8147 | SH |  | SOLE |  | 8147 | 0 | 0 |
| TSCAN THERAPEUTICS INC | COM | 89854M101 |  | 135341 | 134001 | SH |  | SOLE |  | 134001 | 0 | 0 |
| UNDER ARMOUR INC | CL A | 904311107 |  | 76174 | 12889 | SH |  | SOLE |  | 12889 | 0 | 0 |
| USANA HEALTH SCIENCES INC | COM | 90328M107 |  | 298283 | 17074 | SH |  | SOLE |  | 17074 | 0 | 0 |
| VAALCO ENERGY INC | COM NEW | 91851C201 |  | 132424 | 20887 | SH |  | SOLE |  | 20887 | 0 | 0 |
| VERA THERAPEUTICS INC | CL A | 92337R101 |  | 409582 | 10181 | SH |  | SOLE |  | 10181 | 0 | 0 |
| VERASTEM INC | COM NEW | 92337C203 |  | 138431 | 26119 | SH |  | SOLE |  | 26119 | 0 | 0 |
| VERRICA PHARMACEUTICALS INC | COM SHS | 92511W207 |  | 63998 | 12098 | SH |  | SOLE |  | 12098 | 0 | 0 |
| VERSANT MEDIA GROUP INC | COM CL A | 925283103 |  | 703269 | 18997 | SH |  | SOLE |  | 18997 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 439075 | 32500 | SH |  | SOLE |  | 32500 | 0 | 0 |
| VIOMI TECHNOLOGY CO LTD | SPONSORED ADS | 92762J103 |  | 32959 | 29693 | SH |  | SOLE |  | 29693 | 0 | 0 |
| VIRIDIAN THERAPEUTICS INC | COM | 92790C104 |  | 609861 | 31179 | SH |  | SOLE |  | 31179 | 0 | 0 |
| VISTAGEN THERAPEUTICS INC | COM | 92840H400 |  | 105692 | 184938 | SH |  | SOLE |  | 184938 | 0 | 0 |
| WEREWOLF THERAPEUTICS INC | COM | 95075A107 |  | 24778 | 29760 | SH |  | SOLE |  | 29760 | 0 | 0 |
| WHITEHAWK THERAPEUTICS INC | COM | 00032Q104 |  | 398420 | 115484 | SH |  | SOLE |  | 115484 | 0 | 0 |
| WM TECHNOLOGY INC | COM | 92971A109 |  | 224320 | 340704 | SH |  | SOLE |  | 340704 | 0 | 0 |
| YIREN DIGITAL LTD | SPONSORED ADS | 98585L100 |  | 96841 | 56303 | SH |  | SOLE |  | 56303 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 1734816 | 21580 | SH |  | SOLE |  | 21580 | 0 | 0 |
| ZURA BIO LTD | CLASS A ORD SHS | G9TY5A101 |  | 577757 | 97102 | SH |  | SOLE |  | 97102 | 0 | 0 |
| ZYMEWORKS INC | COM | 98985Y108 |  | 2070758 | 82698 | SH |  | SOLE |  | 82698 | 0 | 0 |

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