# EDGAR Filing Document

**Accession Number:** 0002044490
**File Stem:** 0000894189-25-009821
**Filing Date:** 2025-9
**Character Count:** 149596
**Document Hash:** 1b727ac8e2ef44dc802de4d7c6a936a6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-009821.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000894189-25-009821

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEG Partners Long/Short Equity Fund
- **CENTRAL INDEX KEY:** 0002044490

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24024
- **FILM NUMBER:** 251355025

**BUSINESS ADDRESS:**
- **STREET 1:** C/O SELECT EQUITY GROUP, L.P.
- **STREET 2:** 380 LAFAYETTE STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10003
- **BUSINESS PHONE:** 212-475-8335

**MAIL ADDRESS:**
- **STREET 1:** C/O SELECT EQUITY GROUP, L.P.
- **STREET 2:** 380 LAFAYETTE STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10003

## Nport-Ex

**** 

<br> **SEG Partners Long/Short Equity Fund**

------

#### Schedule of Investments

#### July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 83.6%** | **Shares** | **Value** |
| **Building Products - 1.9%** | | |
| Fortune Brands Innovations, Inc. | 53512 | $2918544 |
| <br> **Capital Markets - 1.3%** |  |  |
| Blue Owl Capital, Inc. - Class A | 106993 | 2070315 |
| <br> **Commercial Services & Supplies - 1.1%** |  |  |
| Rollins, Inc. | 28697 | 1643477 |
| <br> **Construction & Engineering - 1.8%** |  |  |
| Quanta Services, Inc. | 7068 | 2870527 |
| <br> **Construction Materials - 3.9%** |  |  |
| Martin Marietta Materials, Inc. | 10635 | 6113849 |
| <br> **Containers & Packaging - 1.8%** |  |  |
| Packaging Corp. of America | 14195 | 2750281 |
| <br> **Electronic Equipment, Instruments & Components - 12.4%** |  |  |
| Amphenol Corp. - Class A | 22701 | 2417883 |
| CDW Corp./DE | 38997 | 6800297 |
| Teledyne Technologies, Inc. <sup>(a)</sup> | 5791 | 3190957 |
| Trimble, Inc. <sup>(a)</sup> | 81809 | 6862957 |
|  |  | 19272094 |
| <br> **Entertainment - 6.2%** |  |  |
| Live Nation Entertainment, Inc. <sup>(a)</sup> | 65966 | 9743178 |
| <br> **Financial Services - 2.8%** |  |  |
| Corpay, Inc. <sup>(a)</sup> | 13529 | 4370543 |
| <br> **Health Care Equipment & Supplies - 4.4%** |  |  |
| IDEXX Laboratories, Inc. <sup>(a)</sup> | 2926 | 1563391 |
| STERIS PLC | 23632 | 5352412 |
|  |  | 6915803 |
| <br> **Health Care Providers & Services - 4.3%** |  |  |
| Labcorp Holdings, Inc. | 25892 | 6733991 |
| <br> **Household Durables - 8.5%** |  |  |
| Garmin Ltd. | 10606 | 2320169 |
| Mohawk Industries, Inc. <sup>(a)</sup> | 10596 | 1213348 |
| Somnigroup International, Inc. | 135067 | 9776149 |
|  |  | 13309666 |
| <br> **Insurance - 4.3%** |  |  |
| Brown & Brown, Inc. | 67132 | 6133851 |
| Cincinnati Financial Corp. | 3421 | 504632 |
|  |  | 6638483 |
| <br> **Life Sciences Tools & Services - 1.1%** |  |  |
| Bio-Techne Corp. | 31143 | 1704456 |
| <br> **Machinery - 3.7%** |  |  |
| Westinghouse Air Brake Technologies Corp. | 30152 | 5790692 |
| <br> **Metals & Mining - 1.6%** |  |  |
| Newmont Corp. | 41247 | 2561439 |

---

------

**SEG Partners Long/Short Equity Fund**

------

#### Schedule of Investments

#### July 31, 2025 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **COMMON STOCKS - 83.6% (continued)** | | **Shares** | **Value** |
| **Offices of Other Holding Companies - 5.7%** | | | |
| VIKING HOLDINGS Ltd. ORD SHS <sup>(a)</sup> |  | 151174 | $8876937 |
| <br> **Professional Services - 5.3%** |  |  |  |
| Dayforce, Inc. <sup>(a)</sup> |  | 17273 | 996134 |
| Paychex, Inc. |  | 50182 | 7242768 |
|  |  |  | 8238902 |
| <br> **Real Estate Management & Development - 2.7%** |  |  |  |
| Jones Lang LaSalle, Inc. <sup>(a)</sup> |  | 15627 | 4224916 |
| <br> **Software - 2.6%** |  |  |  |
| PTC, Inc. <sup>(a)</sup> |  | 19123 | 4107812 |
| <br> **Specialty Retail - 6.2%** |  |  |  |
| Tractor Supply Co. |  | 148764 | 8472110 |
| Williams-Sonoma, Inc. |  | 6107 | 1142314 |
|  |  |  | 9614424 |
| **TOTAL COMMON STOCKS** (Cost $119,378,305) |  |  | 130470329 |
| **PURCHASED OPTIONS - 2.2%<sup>(a)</sup>** | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - 1.9%** |  |  |  |
| Cloudflare, Inc., Expiration: 01/15/2027; Exercise Price: $115.00 <sup>(b)(c)</sup> | $664576 | 32 | 354400 |
| Estee Lauder Cos., Inc., Expiration: 01/15/2027; Exercise Price: $60.00 <sup>(b)(c)</sup> | 1456104 | 156 | 621660 |
| FMC Corp., Expiration: 01/15/2027; Exercise Price: $50.00 <sup>(b)(c)</sup> | 780800 | 200 | 72000 |
| Mrk Gr 12/17/27 C100, Counterparty: Over the Counter, Expiration: 12/17/2027; Exercise<br> Price: $100.00 | <br> 1009946 | <br> 80 | <br> 218116 |
| Newmont Corp., Expiration: 01/15/2027; Exercise Price: $65.00 <sup>(b)(c)</sup> | 5638680 | 908 | 901190 |
| Polaris, Inc., Expiration: 01/15/2027; Exercise Price: $40.00 <sup>(b)(c)</sup> | 2031744 | 384 | 710400 |
| VF Corp., Expiration: 01/15/2027; Exercise Price: $17.50 <sup>(b)(c)</sup> | 1068864 | 912 | 149568 |
| **Total Call Options** |  |  | 3027334 |
| <br> **Put Options - 0.3%<sup>(b)(c)</sup>** |  |  |  |
| Eli Lilly & Co., Expiration: 12/18/2026; Exercise Price: $510.00 | 2220210 | 30 | 67500 |
| iShares Russell 2000 ETF, Expiration: 08/15/2025; Exercise Price: $205.00 | 14216472 | 648 | 47952 |
| NVIDIA Corp., Expiration: 06/18/2026; Exercise Price: $190.00 | 1583043 | 89 | 264998 |
| **Total Put Options** |  |  | 380450 |
| **TOTAL PURCHASED OPTIONS** (Cost $2,587,337) |  |  | 3407784 |
| <br> **TOTAL INVESTMENTS - 85.8% (**Cost $121,965,642**)** |  |  | <br> 133878113 |
| Other Assets in Excess of Liabilities - 14.2% |  |  | 22204027 |
| **TOTAL NET ASSETS - 100.0%** |  |  | $156082140 |

---

---

| |
|:---|
| Percentages are stated as a percent of net assets.<br>|
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
| PLC - Public Limited Company |

---

(a) Non-income producing security.

(b) Exchange-traded.

(c) 100 shares per contract.

------

#### SEG Partners Long/Short Equity Fund

#### Schedule of Investments (continued)

#### Securities Sold Short

#### July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS** - **(55.8)%** | **Shares** | **Value** |
| **Aerospace & Defense - (0.9)%** | | |
| Axon Enterprise, Inc. | (600) | $(453294) |
| Boeing Co. | (1305) | (289501) |
| Textron, Inc. | (9082) | (706307) |
|  |  | (1449102) |
| <br> **Air Freight & Logistics - (0.7)%** |  |  |
| United Parcel Service, Inc. - Class B | (13132) | (1131453) |
| <br> **Automobiles - (1.7)%** |  |  |
| Ferrari NV | (534) | (236770) |
| Tesla, Inc. | (7667) | (2363506) |
|  |  | (2600276) |
| <br> **Beverages - (2.4)%** |  |  |
| Anheuser-Busch InBev SA/NV - ADR | (4992) | (287889) |
| Coca-Cola Co. | (14768) | (1002600) |
| Monster Beverage Corp. | (24890) | (1462287) |
| PepsiCo, Inc. | (7322) | (1009850) |
|  |  | (3762626) |
| <br> **Broadline Retail - (0.5)%** |  |  |
| eBay, Inc. | (8221) | (754277) |
| <br> **Building Products - (1.7)%** |  |  |
| Carlisle Cos., Inc. | (3874) | (1374147) |
| Masco Corp. | (10858) | (739755) |
| Trex Co., Inc. | (9258) | (594734) |
|  |  | (2708636) |
| <br> **Capital Markets - (2.6)%** |  |  |
| Ares Management Corp. - Class A | (3465) | (642861) |
| Blackstone, Inc. | (11238) | (1943725) |
| T Rowe Price Group, Inc. | (13897) | (1409851) |
|  |  | (3996437) |
| <br> **Chemicals - (0.3)%** |  |  |
| International Flavors & Fragrances, Inc. | (6445) | (457788) |
| <br> **Commercial Services & Supplies - (0.7)%** |  |  |
| Cintas Corp. | (3586) | (798064) |
| Copart, Inc. | (6038) | (273703) |
|  |  | (1071767) |
| <br> **Construction & Engineering - (0.8)%** |  |  |
| Comfort Systems USA, Inc. | (1773) | (1246951) |
| <br> **Consumer Staples Distribution & Retail - (1.6)%** |  |  |
| Alimentation Couche-Tard, Inc. | (12574) | (654825) |
| Performance Food Group Co. | (4907) | (492663) |
| Walmart, Inc. | (13078) | (1281382) |
|  |  | (2428870) |
| <br> **Containers & Packaging - (1.0)%** |  |  |
| Graphic Packaging Holding Co. | (14626) | (327038) |
| International Paper Co. | (26472) | (1237301) |
|  |  | (1564339) |

---

------

#### SEG Partners Long/Short Equity Fund Schedule of Investments (continued)

#### Securities Sold Short

#### July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS** - **(55.8)% (continued)** | **Shares** | **Value** |
| **Distributors - (1.3)%** | | |
| Pool Corp. | (6475) | $(1995206) |
| <br> **Diversified Consumer Services - (0.8)%** |  |  |
| Duolingo, Inc. | (3684) | (1276690) |
| <br> **Electrical Equipment - (0.3)%** |  |  |
| Rockwell Automation, Inc. | (1339) | (470940) |
| <br> **Ground Transportation - (0.4)%** |  |  |
| Ryder System, Inc. | (3831) | (680807) |
| <br> **Health Care Equipment & Supplies - (0.9)%** |  |  |
| Becton Dickinson & Co. | (3350) | (597137) |
| ResMed, Inc. | (2720) | (739677) |
|  |  | (1336814) |
| <br> **Health Care Providers & Services - (1.5)%** |  |  |
| Cardinal Health, Inc. | (2730) | (423751) |
| DaVita, Inc. | (7663) | (1075655) |
| UnitedHealth Group, Inc. | (3449) | (860732) |
|  |  | (2360138) |
| <br> **Hotels, Restaurants & Leisure - (7.7)%** |  |  |
| Airbnb, Inc. - Class A | (12312) | (1630232) |
| Brinker International, Inc. | (3008) | (474061) |
| Carnival Corp. | (27120) | (807362) |
| DoorDash, Inc. - Class A | (1968) | (492492) |
| Dutch Bros, Inc. - Class A | (7365) | (436524) |
| Marriott International, Inc./MD - Class A | (3139) | (828162) |
| McDonald's Corp. | (2108) | (632548) |
| Norwegian Cruise Line Holdings Ltd. | (32407) | (828323) |
| Planet Fitness, Inc. - Class A | (7741) | (845240) |
| Restaurant Brands International, Inc. | (15824) | (1073817) |
| Royal Caribbean Cruises Ltd. | (367) | (116658) |
| Starbucks Corp. | (27570) | (2458141) |
| Yum China Holdings, Inc. | (29558) | (1379767) |
|  |  | (12003327) |
| <br> **Household Products - (0.9)%** |  |  |
| Clorox Co. | (3637) | (456661) |
| Procter & Gamble Co. | (5842) | (879046) |
|  |  | (1335707) |
| <br> **Industrial Conglomerates - (1.1)%** |  |  |
| 3M Co. | (4572) | (682234) |
| Honeywell International, Inc. | (4718) | (1049047) |
|  |  | (1731281) |
| <br> **Insurance - (2.4)%** |  |  |
| Arthur J Gallagher & Co. | (12122) | (3482044) |
| Selective Insurance Group, Inc. | (3175) | (247555) |
|  |  | (3729599) |
| <br> **IT Services - (1.2)%** |  |  |
| Accenture PLC - Class A | (7248) | (1935941) |

---

------

#### SEG Partners Long/Short Equity Fund Schedule of Investments (continued)

#### Securities Sold Short

#### July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS** - **(55.8)% (continued)** | **Shares** | **Value** |
| **Life Sciences Tools & Services - (2.3)%** | | |
| Repligen Corp. | (12792) | $(1497559) |
| West Pharmaceutical Services, Inc. | (8522) | (2038974) |
|  |  | (3536533) |
| <br> **Machinery - (5.8)%** |  |  |
| Allison Transmission Holdings, Inc. | (10671) | (961137) |
| Caterpillar, Inc. | (2370) | (1038107) |
| Dover Corp. | (8851) | (1603270) |
| Illinois Tool Works, Inc. | (3986) | (1020296) |
| Nordson Corp. | (6783) | (1452987) |
| PACCAR, Inc. | (19005) | (1876934) |
| Snap-on, Inc. | (3157) | (1013997) |
|  |  | (8966728) |
| <br> **Media - (1.3)%** |  |  |
| Omnicom Group, Inc. | (14498) | (1044581) |
| Trade Desk, Inc. - Class A | (10484) | (911689) |
|  |  | (1956270) |
| <br> **Metals & Mining - (0.5)%** |  |  |
| BHP Group Ltd. - ADR | (6810) | (345063) |
| Rio Tinto PLC - ADR | (7486) | (447438) |
|  |  | (792501) |
| <br> **Oil, Gas & Consumable Fuels - (2.6)%** |  |  |
| Texas Pacific Land Corp. | (4235) | (4100031) |
| <br> **Pharmaceuticals - (0.5)%** |  |  |
| Eli Lilly & Co. | (393) | (290848) |
| Novo Nordisk AS | (9786) | (472050) |
|  |  | (762898) |
| <br> **Professional Services - (0.1)%** |  |  |
| Amentum Holdings, Inc. | (1) | (19) |
| Jacobs Solutions, Inc. | (1418) | (201172) |
|  |  | (201191) |
| <br> **Semiconductors & Semiconductor Equipment - (1.7)%** |  |  |
| Infineon Technologies AG | (32448) | (1286281) |
| ON Semiconductor Corp. | (25332) | (1427711) |
|  |  | (2713992) |
| <br> **Software - (0.9)%** |  |  |
| BILL Holdings, Inc. | (11461) | (491104) |
| Palantir Technologies, Inc. - Class A | (2017) | (319392) |
| Procore Technologies, Inc. | (8889) | (636719) |
|  |  | (1447215) |
| <br> **Specialty Retail - (4.3)%** |  |  |
| AutoZone, Inc. | (794) | (2992094) |
| Floor & Decor Holdings, Inc. - Class A | (16819) | (1289008) |
| O'Reilly Automotive, Inc. | (8305) | (816548) |
| Ulta Beauty, Inc. | (1462) | (752945) |
| Wayfair, Inc. - Class A | (13090) | (859227) |
|  |  | (6709822) |

---

------

#### SEG Partners Long/Short Equity Fund Schedule of Investments (continued)

#### Securities Sold Short

#### July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS** - **(55.8)% (continued)** | **Shares** | **Value** |
| **Textiles, Apparel & Luxury Goods - (0.5)%** | | |
| Lululemon Athletica, Inc. | (1444) | $(289566) |
| Ralph Lauren Corp. | (1631) | (487261) |
|  |  | (776827) |
| **Trading Companies & Distributors - (1.9)%** |  |  |
| United Rentals, Inc. | (1028) | (907663) |
| Watsco, Inc. | (2334) | (1052354) |
| WESCO International, Inc. | (5168) | (1069569) |
|  |  | (3029586) |
| **TOTAL COMMON STOCKS** (Proceeds $85,876,080) |  | (87022566) |
| **REAL ESTATE INVESTMENT TRUSTS - COMMON** - **(0.2)%** | **Shares** | **Value** |
| **Specialized REITs - (0.2)%** |  |  |
| Iron Mountain, Inc. | (3801) | (370065) |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Proceeds $359,569) |  | (370065) |
| <br> **TOTAL SECURITIES SOLD SHORT - (56.0)%** (Proceeds $86,235,649) |  | (87392631) |

---

---

| |
|:---|
| Percentages are stated as a percent of net assets.<br>|
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
| ADR - American Depositary Receipt |
| PLC - Public Limited Company |

---

------

#### SEG Partners Long/Short Equity Fund Schedule of Investments (continued)

#### Total Return Swap Contracts

#### July 31, 2025 (Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **SEG Partners Long/Short Equity Fund** | **SEG Partners Long/Short Equity Fund** | **SEG Partners Long/Short Equity Fund** | **SEG Partners Long/Short Equity Fund** | **SEG Partners Long/Short Equity Fund** | **SEG Partners Long/Short Equity Fund** | **SEG Partners Long/Short Equity Fund** | **SEG Partners Long/Short Equity Fund** |
| <br>**Reference Entity** | <br>**Counterparty** | **Pay/ Receive**<br> **Reference Entity** | <br>**Financing Rate** | <br>**Payment Frequency** | <br>**Maturity Date** | <br>**Notional Amount** | <br> **Value/ Unrealized Appreciation**<br> (Depreciation) |
| Aritzia, Inc. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | $1686299 | $550328 |
| Aritzia, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/09/2026 | 277621 | 62849 |
| Aritzia, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/15/2026 | 87161 | 11596 |
| Aritzia, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/03/2026 | 161763 | 13368 |
| Aritzia, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 136806 | 5045 |
| Bio-Rad Laboratories, Inc. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 1100631 | (24229) |
| Bio-Rad Laboratories, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/01/2026 | 46938 | 2572 |
| Bio-Rad Laboratories, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/07/2026 | 102587 | 7483 |
| Bio-Rad Laboratories, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 143718 | (223) |
| BJ's Wholesale Club Holdings, Inc. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 2792477 | (286297) |
| BJ's Wholesale Club Holdings, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/05/2026 | 395960 | (53154) |
| BJ's Wholesale Club Holdings, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/11/2026 | 63540 | (5352) |
| BJ's Wholesale Club Holdings, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/15/2026 | 133010 | (6717) |
| BJ's Wholesale Club Holdings, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/30/2026 | 147942 | (3991) |
| BJ's Wholesale Club Holdings, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 133010 | (3112) |
| BJ's Wholesale Club Holdings, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/18/2026 | 155991 | 1739 |
| Brunello Cucinelli SpA | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/06/2026 | 3454306 | (110458) |
| Brunello Cucinelli SpA | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/20/2026 | 77015 | 308 |
| Brunello Cucinelli SpA | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 61342 | (6158) |
| BWX Technologies, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/15/2026 | 69432 | 19962 |
| BWX Technologies, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/16/2026 | 311608 | 89242 |
| BWX Technologies, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/23/2026 | 103920 | 29625 |
| BWX Technologies, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/24/2026 | 373596 | 79049 |
| BWX Technologies, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/30/2026 | 88879 | 13960 |
| BWX Technologies, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/07/2026 | 166363 | 25787 |
| BWX Technologies, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/14/2026 | 164540 | 13577 |
| BWX Technologies, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/21/2026 | 79763 | 4958 |
| BWX Technologies, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 91614 | 4879 |
| BWX Technologies, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/18/2026 | 334702 | 25477 |
| BWX Technologies, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/31/2026 | 399728 | 10956 |
| BWX Technologies, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 09/01/2026 | 80523 | 1037 |
| CAE, Inc. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 1466699 | 172039 |
| CAE, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 44421 | (928) |
| Casey's General Stores, Inc. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 402581 | 60299 |
| Casey's General Stores, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/05/2026 | 504526 | 71433 |
| Casey's General Stores, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 61895 | 1204 |
| Clean Harbors, Inc. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 1955572 | 279969 |
| Clean Harbors, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/02/2026 | 153984 | 12099 |
| Clean Harbors, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/10/2026 | 74752 | 2551 |
| Clean Harbors, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 68385 | 1374 |
| Cloudflare, Inc. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 50466 | 22623 |
| Cloudflare, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/11/2026 | 414737 | 210596 |
| Cloudflare, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/27/2026 | 523146 | 223174 |
| Cloudflare, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/02/2026 | 124193 | 48701 |
| Cloudflare, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/03/2026 | 83072 | 32747 |
| Cloudflare, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/10/2026 | 120039 | 41141 |
| Cloudflare, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 56281 | 3145 |
| Cloudflare, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/31/2026 | 404561 | 13177 |
| Cloudflare, Inc. | Goldman Sachs | Receive | 0.00% | Termination | 09/01/2026 | 412938 | 0 |
| Core & Main, Inc. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 6796688 | 1493179 |
| Core & Main, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/05/2026 | 103415 | 30803 |
| Core & Main, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 701440 | 33892 |
| Crane Co. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 2365489 | 471960 |
| Crane Co. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/05/2026 | 102192 | 28688 |
| Crane Co. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/11/2026 | 104345 | 32778 |
| Crane Co. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 125489 | 3119 |
| Dick's Sporting Goods, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/27/2026 | 392563 | 9999 |

---

------

#### SEG Partners Long/Short Equity Fund Schedule of Investments (continued)

#### Total Return Swap Contracts

#### July 31, 2025 (Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Reference Entity** | <br>**Counterparty** | **Pay/ Receive**<br> **Reference Entity** | <br>**Financing Rate** | <br>**Payment Frequency** | <br>**Maturity Date** | <br>**Notional Amount** | **Value/ Unrealized**<br> **Appreciation<br> (Depreciation)** |
| Dick's Sporting Goods, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | $110831 | $2444 |
| Dick's Sporting Goods, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/25/2026 | 152710 | (2956) |
| EMCOR Group, Inc. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 6461892 | 2530742 |
| EMCOR Group, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/16/2026 | 101026 | 25936 |
| EMCOR Group, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/01/2026 | 58984 | 14426 |
| EMCOR Group, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/07/2026 | 151225 | 33346 |
| EMCOR Group, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/30/2026 | 86594 | 12161 |
| EMCOR Group, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 330060 | 48936 |
| Entegris, Inc. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 1279840 | (146239) |
| Entegris, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/05/2026 | 67789 | (7498) |
| Entegris, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/11/2026 | 70928 | 10524 |
| Entegris, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/27/2026 | 79558 | 3171 |
| Entegris, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 112590 | (2391) |
| ITT, Inc. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 7001502 | 1565056 |
| ITT, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/05/2026 | 218399 | 69057 |
| ITT, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 348418 | 24518 |
| Kirby Corp. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 3542387 | (195466) |
| Kirby Corp. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/07/2026 | 31452 | (6172) |
| Kirby Corp. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 165458 | (32373) |
| Kirby Corp. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/25/2026 | 64048 | (14768) |
| Kirby Corp. | Goldman Sachs | Receive | 0.00% | Termination | 09/01/2026 | 547392 | 0 |
| KKR & Co., Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/12/2026 | 478730 | 139071 |
| KKR & Co., Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/27/2026 | 181319 | 39176 |
| KKR & Co., Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/15/2026 | 97036 | 12507 |
| KKR & Co., Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/16/2026 | 167248 | 18667 |
| KKR & Co., Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 57166 | 5262 |
| LPL Financial Holdings, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/25/2026 | 165811 | 7975 |
| LPL Financial Holdings, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 09/01/2026 | 318563 | 536 |
| Markel Group, Inc. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 6488785 | 401220 |
| Markel Group, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/16/2026 | 76315 | 2518 |
| Markel Group, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/24/2026 | 84348 | 5435 |
| Markel Group, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/30/2026 | 467932 | 20159 |
| Markel Group, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/01/2026 | 46191 | 1636 |
| Markel Group, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 411699 | 2998 |
| Markel Group, Inc. | Goldman Sachs | Receive | 0.00% | Termination | 09/01/2026 | 78726 | 0 |
| Middleby Corp. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 6071974 | (405264) |
| Middleby Corp. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 542177 | 3705 |
| Morningstar, Inc. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 5812019 | (593310) |
| Morningstar, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 213427 | (28027) |
| Morningstar, Inc. | Goldman Sachs | Receive | 0.00% | Termination | 09/01/2026 | 159429 | 0 |
| Nasdaq, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/30/2026 | 685279 | 92329 |
| Nasdaq, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/01/2026 | 168962 | 21821 |
| Nasdaq, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/07/2026 | 590021 | 69101 |
| Nasdaq, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/13/2026 | 168193 | 17370 |
| Nasdaq, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/17/2026 | 244014 | 22805 |
| Nasdaq, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/21/2026 | 83327 | 8091 |
| Nasdaq, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/27/2026 | 583671 | 45428 |
| Nasdaq, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/30/2026 | 89485 | 6351 |
| Nasdaq, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 150007 | 10437 |
| Nasdaq, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/07/2026 | 332440 | 19622 |
| Nasdaq, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/11/2026 | 86117 | 5869 |
| Nasdaq, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/18/2026 | 332055 | 23711 |
| Nasdaq, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/19/2026 | 249498 | 14119 |
| Nasdaq, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/25/2026 | 741952 | 21957 |
| Nasdaq, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/31/2026 | 402200 | 3184 |
| Nasdaq, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 09/01/2026 | 79863 | 729 |
| Polaris, Inc. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 162010 | 35417 |
| Polaris, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/11/2026 | 110000 | 44112 |

---

------

#### SEG Partners Long/Short Equity Fund Schedule of Investments (continued)

#### Total Return Swap Contracts

#### July 31, 2025 (Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Reference Entity** | <br>**Counterparty** | **Pay/ Receive**<br> **Reference Entity** | <br>**Financing Rate** | <br>**Payment Frequency** | <br>**Maturity Date** | <br>**Notional Amount** | **Value/ Unrealized Appreciation**<br> (Depreciation) |
| Polaris, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/12/2026 | $71058 | $27058 |
| Polaris, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/30/2026 | 293068 | 73686 |
| Polaris, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 2487 | 580 |
| QXO, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/17/2026 | 338272 | 2809 |
| QXO, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/21/2026 | 489524 | (49945) |
| QXO, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/27/2026 | 194883 | (27883) |
| QXO, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/28/2026 | 194442 | (17966) |
| QXO, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 83811 | (5968) |
| QXO, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/19/2026 | 71574 | (7425) |
| QXO, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/25/2026 | 76910 | (8470) |
| Service Corp. International/US | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 5145660 | (365154) |
| Service Corp. International/US | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 193827 | (14144) |
| Service Corp. International/US | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 09/01/2026 | 314168 | (2259) |
| Shopify, Inc. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 584530 | 215419 |
| Shopify, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/11/2026 | 412459 | 148172 |
| Shopify, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/12/2026 | 1398816 | 421136 |
| Shopify, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 05/27/2026 | 200547 | 44126 |
| Shopify, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/24/2026 | 91902 | 13984 |
| Shopify, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/07/2026 | 44851 | 5727 |
| Shopify, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/30/2026 | 158140 | 7045 |
| Shopify, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 141030 | 8592 |
| Shopify, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/11/2026 | 244664 | 15844 |
| Shopify, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/18/2026 | 76992 | (767) |
| Shopify, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/31/2026 | 234888 | (9634) |
| SouthState Corp. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/18/2026 | 29852 | (1069) |
| SouthState Corp. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/19/2026 | 14973 | (720) |
| SouthState Corp. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/24/2026 | 15067 | (660) |
| SouthState Corp. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/25/2026 | 90027 | (3628) |
| SouthState Corp. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/26/2026 | 15067 | (606) |
| SouthState Corp. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/31/2026 | 15161 | (778) |
| SouthState Corp. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 09/01/2026 | 46237 | (1641) |
| St Joe Co. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/07/2026 | 33381 | 2915 |
| St Joe Co. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/10/2026 | 16463 | 1355 |
| St Joe Co. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/13/2026 | 16413 | 1149 |
| St Joe Co. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/14/2026 | 31815 | 1819 |
| St Joe Co. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/20/2026 | 16261 | 1156 |
| St Joe Co. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/27/2026 | 16211 | 854 |
| St Joe Co. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 07/28/2026 | 16110 | 734 |
| St Joe Co. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 25301 | 790 |
| St Joe Co. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/11/2026 | 31866 | 590 |
| St Joe Co. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/18/2026 | 30603 | (549) |
| St Joe Co. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/25/2026 | 86810 | (1506) |
| St Joe Co. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/26/2026 | 23937 | (413) |
| St Joe Co. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 09/01/2026 | 147460 | (1990) |
| Swatch Group AG | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/06/2026 | 465156 | 34004 |
| United States Lime & Minerals, Inc. | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/04/2026 | 622275 | 48741 |
| United States Lime & Minerals, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/10/2026 | 35948 | (55) |
| United States Lime & Minerals, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 06/16/2026 | 35948 | (1603) |
| United States Lime & Minerals, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | 72793 | (178) |
| United States Lime & Minerals, Inc. | Goldman Sachs | Receive | 0.00% | Termination | 09/01/2026 | 84517 | 0 |
| Victory Capital Holdings, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/18/2026 | 33352 | 2240 |
| Victory Capital Holdings, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/19/2026 | 15091 | (545) |
| Victory Capital Holdings, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/24/2026 | 15643 | (12) |
| Victory Capital Holdings, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/25/2026 | 94820 | 157 |
| Victory Capital Holdings, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/26/2026 | 15574 | (240) |
| Victory Capital Holdings, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/31/2026 | 15505 | (538) |
| Victory Capital Holdings, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 09/01/2026 | 46790 | (1149) |
| Watches of Switzerland Group PLC | Goldman Sachs | Receive | EFFR + 0.50% | Termination | 05/05/2026 | 600385 | (101941) |

---

------

#### SEG Partners Long/Short Equity Fund Schedule of Investments (continued)

#### Total Return Swap Contracts

#### July 31, 2025 (Unaudited)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Reference Entity** | <br>**Counterparty** | **Pay/ Receive**<br> **Reference Entity** | <br>**Financing Rate** | <br>**Payment Frequency** | <br>**Maturity Date** | <br>**Notional Amount** | **Value/ Unrealized Appreciation**<br> (Depreciation) |
| Watches of Switzerland Group PLC | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/03/2026 | $7363 | $(1570) |
| Watches of Switzerland Group PLC | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/12/2026 | 72267 | (7527) |
| White Mountains Insurance Group<br> Ltd. | <br> Goldman Sachs | <br> Receive | <br> EFFR + 0.50% | <br> Termination | <br> 05/04/2026 | <br> 720483 | (66422) |
| White Mountains Insurance Group<br> Ltd. | <br> Goldman Sachs | <br> Receive | <br> EFFR + 0.40% | <br> Termination | <br> 08/03/2026 | <br> 28605 | (198) |
| WisdomTree, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/18/2026 | 32458 | 1251 |
| WisdomTree, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/19/2026 | 15951 | 335 |
| WisdomTree, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/24/2026 | 15990 | 276 |
| WisdomTree, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/25/2026 | 198732 | (1834) |
| WisdomTree, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/26/2026 | 15168 | (539) |
| WisdomTree, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 08/31/2026 | 15420 | (488) |
| WisdomTree, Inc. | Goldman Sachs | Receive | EFFR + 0.40% | Termination | 09/01/2026 | 46936 | (777) |
|  |  |  |  |  |  |  | $8176794 |
| <br>**Reference Entity** | <br>**Counterparty** | <br>**Pay/ Receive**<br> **Reference Entity** | <br>**Financing Rate** | <br>**Payment Frequency** | <br>**Maturity Date** | <br>**Notional Amount** | <br>**Value/ Unrealized Appreciation**<br> (Depreciation) |
| GSCBCORD | Goldman Sachs | Pay | EFFR + (0.15)% | Termination | 08/26/2026 | $(855564) | $32611 |
| GSCBCORD | Goldman Sachs | Pay | EFFR + (0.15)% | Termination | 09/01/2026 | (235856) | 2372 |
| GSCBFLAG | Goldman Sachs | Pay | EFFR + (0.10)% | Termination | 08/11/2026 | (5720337) | 416992 |
| GSCBFLAG | Goldman Sachs | Pay | OBFR + (0.10)% | Termination | 08/17/2026 | (145433) | 9314 |
| GSCBNRSI | Goldman Sachs | Pay | EFFR + 0.32% | Termination | 07/21/2026 | (348661) | (33907) |
| GSCBOZVT | Goldman Sachs | Pay | EFFR + (0.32)% | Termination | 07/28/2026 | (14624418) | (197059) |
| GSCBSCHN INDEX | Goldman Sachs | Pay | EFFR + (0.20)% | Termination | 05/04/2026 | (1197544) | (160423) |
| GSCBSHLC | Goldman Sachs | Pay | EFFR + 0.40% | Termination | 07/14/2026 | (606135) | 34949 |
| GSCBSLTC | Goldman Sachs | Pay | EFFR + 0.40% | Termination | 07/14/2026 | (845342) | (90966) |
| GSCBSLTC | Goldman Sachs | Pay | EFFR + (0.33)% | Termination | 08/03/2026 | (16934) | (685) |
| <br> JPSEETRS | J.P. Morgan<br> Securities, Inc. | <br> Pay | <br> OBFR + 0.05% | <br> Termination | <br> 08/28/2026 | (942128) | <br> 31507 |
| MSSEALCO | Morgan Stanley | Pay | EFFR + 0.15% | Termination | 05/26/2026 | (890111) | 108434 |
| MSSEALCO | Morgan Stanley | Pay | EFFR | Termination | 06/16/2026 | (131268) | 16851 |
| MSSEALCO | Morgan Stanley | Pay | EFFR + 0.15% | Termination | 06/30/2026 | (337212) | 30121 |
| MSSEALCO | Morgan Stanley | Pay | EFFR | Termination | 07/09/2026 | (220676) | 3940 |
| MSSEALCO | Morgan Stanley | Pay | EFFR | Termination | 07/27/2026 | (155900) | (4128) |
| MSSEALCO | Morgan Stanley | Pay | EFFR + (0.15)% | Termination | 08/03/2026 | (4287) | (6) |
| MSSEMEDI | Morgan Stanley | Pay | EFFR + 0.15% | Termination | 07/10/2026 | (1590792) | 100586 |
| MSSEMEDI | Morgan Stanley | Pay | EFFR + (0.15)% | Termination | 08/03/2026 | (22915) | 404 |
| UBSEPCSB | UBS AG | Pay | OBFR + (0.15)% | Termination | 08/07/2026 | (1180856) | (7768) |
| UBSERBS2 | UBS AG | Pay | OBFR + (0.15)% | Termination | 08/03/2026 | (583246) | 36142 |
| UBSERBS2 | UBS AG | Pay | OBFR + (0.15)% | Termination | 08/10/2026 | (294139) | 17171 |
| UBSERBS2 | UBS AG | Pay | OBFR + (0.15)% | Termination | 08/17/2026 | (72603) | 4577 |
|  |  |  |  |  |  |  | $351027 |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** |  | $8527821 |
| <br> There are no upfront payments or receipts associated with total return swaps in the Fund as of July 31, 2025. | <br> There are no upfront payments or receipts associated with total return swaps in the Fund as of July 31, 2025. | <br> There are no upfront payments or receipts associated with total return swaps in the Fund as of July 31, 2025. | <br> There are no upfront payments or receipts associated with total return swaps in the Fund as of July 31, 2025. | <br> There are no upfront payments or receipts associated with total return swaps in the Fund as of July 31, 2025. | <br> There are no upfront payments or receipts associated with total return swaps in the Fund as of July 31, 2025. |  |  |
| OBFR - Overnight Bank Funding Rate was 0.00% as of July 31, 2025. | OBFR - Overnight Bank Funding Rate was 0.00% as of July 31, 2025. | OBFR - Overnight Bank Funding Rate was 0.00% as of July 31, 2025. | OBFR - Overnight Bank Funding Rate was 0.00% as of July 31, 2025. | OBFR - Overnight Bank Funding Rate was 0.00% as of July 31, 2025. | OBFR - Overnight Bank Funding Rate was 0.00% as of July 31, 2025. |  |  |
| EFFR - Effective Federal Funds Rate was 4.33% as of July 31, 2025. | EFFR - Effective Federal Funds Rate was 4.33% as of July 31, 2025. | EFFR - Effective Federal Funds Rate was 4.33% as of July 31, 2025. | EFFR - Effective Federal Funds Rate was 4.33% as of July 31, 2025. | EFFR - Effective Federal Funds Rate was 4.33% as of July 31, 2025. | EFFR - Effective Federal Funds Rate was 4.33% as of July 31, 2025. |  |  |

---

------

#### SEG Partners Long/Short Equity Fund

#### Schedule of Investments (continued)

#### July 31, 2025 (Unaudited)

#### Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
SEG Partners Long/Short Equity Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
| Common Stocks | $130470329 | – | – | $130470329 |
| Purchased Options | 3407784 | – | – | 3407784 |
| Total Investments | 133878113 | – | – | 133878113 |
| <br> <u>Other Financial Instruments:</u> |  |  |  |  |
| Total Return Swaps\* | – | 11666638 | – | 11666638 |
| Total Other Financial Instruments | – | 11666638 | – | 11666638 |
| <br> **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| Common Stocks | $(87022566) | – | – | $(87022566) |
| Real Estate Investment Trusts - Common | (370065) | – | – | (370065) |
| Total Investments | (87392631) | – | – | (87392631) |
| <br> <u>Other Financial Instruments:</u> |  |  |  |  |
| Total Return Swaps\* | – | (3138817) | – | (3138817) |
| Total Other Financial Instruments<br>| $– | $(3138817) | $– | $(3138817) |
| <br> \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of July 31, 2025. | <br> \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of July 31, 2025. | <br> \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of July 31, 2025. |  |  |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** SEG Partners Long/Short Equity Fund

- **b. Investment Company Act file number:** 811-24024

- **c. CIK number of Registrant:** 0002044490

- **d. LEI of Registrant:** 2549008SSQB6VTM0L747

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 380 Lafayette Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10003

  - **Telephone number:** 212-475-8335

**Item A.2. Information about the Series.**

- **a. Name of Series:** SEG Partners Long/Short Equity Fund

- **c. LEI of Series:** 2549008SSQB6VTM0L747

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $247278868.61

**Total Liabilities:** $91932056.51

**Net Assets:** $155346812.10

**Cash Not Reported:** $100056277.90

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.00%                | 0.00%                | 1.18%                |
| Class ID N/A | 4.03%                | 4.16%                | 1.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2917454.05             | $4755804.43                                |
| Month 2  | $-1566327.62             | $4963078.61                                |
| Month 3  | $-1263984.28             | $2375407.88                                |

**Designated Index Information**

- **Index Name:** S&P 500 Total Return Index

- **Index Identifier:** SPTR

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                            | POLARIS INC CMN                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $44111.49     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | POLARIS INC CMN                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $27058.38     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | POLARIS INC                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $579.82       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Polaris Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       384 | NC      | $710400.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | BJS WHSL CLUB HLDGS INC COM                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-286297.35   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BJ'S WHOLESALE CLUB HOLDINGS, INC. CMN     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-6717.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BRUNELLO CUCINELLI NPV                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-109773.38   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BWX TECHNOLOGIES, INC. CMN                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $13577.46     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BWX TECHNOLOGIES, INC. CMN                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $4958.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BWX TECHNOLOGIES, INC. CMN                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $25477.12     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CAE INC                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-928.33      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Graphic Packaging Holding Co   | Graphic Packaging Holding Co               | CUSIP: 388689101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -14626 | NS      | $-327037.36   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc    | Honeywell International Inc                | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Short            | EC               | CORP              | US        |     -4718 | NS      | $-1049047.30  | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc         | IDEXX Laboratories Inc                     | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      2926 | NS      | $1563391.06   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc        | Illinois Tool Works Inc                    | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Short            | EC               | CORP              | US        |     -3986 | NS      | $-1020296.42  | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| IFF                            | International Flavors & Fragrances Inc     | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Short            | EC               | CORP              | US        |     -6065 | NS      | $-430796.95   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co         | International Paper Co                     | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Short            | EC               | CORP              | US        |    -21846 | NS      | $-1021082.04  | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc              | Iron Mountain Inc                          | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Short            | EC               | CORP              | US        |     -3801 | NS      | $-370065.36   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc           | Jacobs Solutions Inc                       | CUSIP: 46982L108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -1433 | NS      | $-203299.71   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc         | Jones Lang LaSalle Inc                     | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     15627 | NS      | $4224915.72   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc           | Labcorp Holdings Inc                       | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25892 | NS      | $6733991.36   | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc  | Live Nation Entertainment Inc              | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     66141 | NS      | $9769025.70   | 6.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc        | Lululemon Athletica Inc                    | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Short            | EC               | CORP              | CA        |     -1444 | NS      | $-289565.32   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD  | Marriott International Inc/MD              | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Short            | EC               | CORP              | US        |     -3139 | NS      | $-828162.37   | -0.53%            |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc  | Martin Marietta Materials Inc              | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |     10732 | NS      | $6169612.16   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG       | Infineon Technologies AG                   | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Short            | EC               | CORP              | DE        |    -32448 | NS      | $-1286280.89  | -0.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                  | Boeing Co/The                              | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Short            | EC               | CORP              | US        |     -1305 | NS      | $-289501.20   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International Inc      | Brinker International Inc                  | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Short            | EC               | CORP              | US        |     -3008 | NS      | $-474060.80   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc              | Brown & Brown Inc                          | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     67132 | NS      | $6133850.84   | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc               | Carlisle Cos Inc                           | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Short            | EC               | CORP              | US        |     -3874 | NS      | $-1374146.54  | -0.88%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | ST. JOE COMPANY CMN                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $2914.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ST JOE CO                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-1813.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     41247 | NS      | $2561438.70   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                   | Nordson Corp                               | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Short            | EC               | CORP              | US        |     -6783 | NS      | $-1452986.43  | -0.94%            |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc              | Omnicom Group Inc                          | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Short            | EC               | CORP              | US        |    -14498 | NS      | $-1044580.90  | -0.67%            |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp          | ON Semiconductor Corp                      | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Short            | EC               | CORP              | US        |    -25332 | NS      | $-1427711.52  | -0.92%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SERVICE CORP INTERNATIONAL(NYS)            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-14143.95    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | QXO, INC. CMN                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-49945.33    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | QXO, INC. CMN                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-17966.07    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | WISDOMTREE INVESTMENTS, INC. CMN           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1251.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | WISDOMTREE INC                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-1833.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ALPHABET INC-CL C                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-4940.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | WISDOMTREE INC                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-487.80      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | WISDOMTREE INC                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-617.93      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ARITZIA INC SUB VTG SHS                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $550327.55    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ARITZIA INC SUB VTG SHS                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $62849.02     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ARITZIA INC SUB VTG SHS                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $11595.99     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ARITZIA INC. CMN                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $13367.79     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ARITZIA INC-SUBORDINATE                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $5045.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BJ'S WHOLESALE CLUB HOLDINGS, INC. CMN     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-53153.63    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BJ'S WHOLESALE CLUB HOLDINGS, INC. CMN     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-5352.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BJ'S WHOLESALE CLUB                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-3990.70     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S               | Novo Nordisk A/S                           | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Short            | EC               | CORP              | DK        |     -9786 | NS      | $-472050.28   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings | Norwegian Cruise Line Holdings Ltd         | CUSIP: N/A<br>LEI: N/A                        | Short            | EC               | CORP              | US        |    -32407 | NS      | $-828322.92   | -0.53%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | BJ'S WHOLESALE CLUB HOLDINGS               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-3111.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BJ'S WHOLESALE CLUB                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1738.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BIO RAD LABS INC CL A                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-24229.01    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BIO-RAD LABORATORIES, INC CMN CLASS A      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $2571.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BIO-RAD LABORATORIES, INC CMN CLASS A      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $7483.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BIO-RAD LABORATORIES-A                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-222.54      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Masco Corp                     | Masco Corp                                 | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Short            | EC               | CORP              | US        |    -10858 | NS      | $-739755.54   | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                | McDonald's Corp                            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Short            | EC               | CORP              | US        |     -2108 | NS      | $-632547.56   | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc          | Mohawk Industries Inc                      | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     10596 | NS      | $1213347.96   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp          | Monster Beverage Corp                      | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Short            | EC               | CORP              | US        |    -24890 | NS      | $-1462287.50  | -0.94%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NASDAQ INC                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $6350.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NASDAQ INC                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $10436.73     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BIO-RAD LABORATORIES, INC CMN CLASS A      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $5727.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MSSEMEDI.CBNY                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $100585.81    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc        | O'Reilly Automotive Inc                    | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Short            | EC               | CORP              | US        |     -8305 | NS      | $-816547.60   | -0.53%            |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                        | PTC Inc                                    | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |     17223 | NS      | $3699672.63   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                     | PACCAR Inc                                 | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Short            | EC               | CORP              | US        |    -19005 | NS      | $-1876933.80  | -1.21%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | BWX TECHNOLOGIES INC COM                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $19962.26     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BWX TECHNOLOGIES, INC. CMN                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $89241.88     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BWX TECHNOLOGIES, INC. CMN                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $29624.57     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BWX TECHNOLOGIES, INC. CMN                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $79048.75     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BWX TECHNOLOGIES, INC. CMN                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $13959.80     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BWX TECHNOLOGIES, INC. CMN                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $25786.74     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BWX TECHNOLOGIES INC(NYS)                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $4879.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BWX TECHNOLOGIES INC(NYS)                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $10956.31     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BWX TECHNOLOGIES INC(NYS)                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1037.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dayforce Inc                   | Dayforce Inc                               | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |     17273 | NS      | $996133.91    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| DaVita Inc                     | DaVita Inc                                 | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Short            | EC               | CORP              | US        |     -7663 | NS      | $-1075655.31  | -0.69%            |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                   | DoorDash Inc                               | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Short            | EC               | CORP              | US        |     -1968 | NS      | $-492492.00   | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                     | Dover Corp                                 | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Short            | EC               | CORP              | US        |     -8851 | NS      | $-1603270.14  | -1.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                   | Duolingo Inc                               | CUSIP: 26603R106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -3684 | NS      | $-1276690.20  | -0.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                 | Dutch Bros Inc                             | CUSIP: 26701L100<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -7365 | NS      | $-436523.55   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                       | eBay Inc                                   | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Short            | EC               | CORP              | US        |     -8221 | NS      | $-754276.75   | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | EMCOR GROUP INC COM                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $2530742.36   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | EMCOR GROUP INC                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $12160.73     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BRUNELLO CUCINELLI NPV                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $308.32       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CRANE COMPANY COMMON STOCK                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $471960.34    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BRUNELLO CUCINELLI SPA                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-6158.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CRANE CO. CMN                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $32778.12     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | DICK'S SPORTING GOODS INC                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $9999.09      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ITT INC. CMN                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $69056.56     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KKR & CO. INC. CMN                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $139071.25    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KKR & CO. INC. CMN                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $39175.81     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KKR & CO. INC. CMN                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $12506.85     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KKR & CO INC COM                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $18667.43     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KKR & CO INC                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $5262.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KIRBY CORP COM                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-195466.13   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KIRBY CORPORATION CMN                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-6172.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KIRBY CORP(NYS)                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-32373.52    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KIRBY CORP(NYS)                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-14768.23    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | LPL FINANCIAL HOLDINGS INC                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $7975.47      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NASDAQ INC. CMN                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $22804.50     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NASDAQ INC. CMN                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $8090.78      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NASDAQ INC. CMN                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $45428.21     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | JPSEETRS                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $31506.72     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Newmont Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       908 | NC      | $901190.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        89 | NC      | $264997.50    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America      | Packaging Corp of America                  | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     14195 | NS      | $2750281.25   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc                  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Short            | EC               | CORP              | US        |     -2017 | NS      | $-319391.95   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                    | Paychex Inc                                | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     50182 | NS      | $7242768.06   | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                                | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Short            | EC               | CORP              | US        |     -7322 | NS      | $-1009850.24  | -0.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co      | Performance Food Group Co                  | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Short            | EC               | CORP              | US        |     -4907 | NS      | $-492662.80   | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc             | Planet Fitness Inc                         | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Short            | EC               | CORP              | US        |     -7741 | NS      | $-845239.79   | -0.54%            |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                      | Pool Corp                                  | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Short            | EC               | CORP              | US        |     -6475 | NS      | $-1995206.50  | -1.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The        | Procter & Gamble Co/The                    | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Short            | EC               | CORP              | US        |     -4796 | NS      | $-721654.12   | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc       | Procore Technologies Inc                   | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Short            | EC               | CORP              | US        |     -8889 | NS      | $-636719.07   | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                        | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      7068 | NS      | $2870526.84   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp              | Ralph Lauren Corp                          | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Short            | EC               | CORP              | US        |     -1631 | NS      | $-487261.25   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                  | Repligen Corp                              | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Short            | EC               | CORP              | US        |    -12792 | NS      | $-1497559.44  | -0.96%            |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc                     | ResMed Inc                                 | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Short            | EC               | CORP              | US        |     -2720 | NS      | $-739676.80   | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                     | Copart Inc                                 | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Short            | EC               | CORP              | US        |     -6038 | NS      | $-273702.54   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                     | Corpay Inc                                 | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |     13529 | NS      | $4370543.45   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | CAE INC COM                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $172039.32    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CASEYS GEN STORES INC COM                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $60299.09     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CASEY'S GENERAL STORES INC(NSM)            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1203.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | EMCOR GROUP, INC. CMN                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $25936.28     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | EMCOR GROUP INC(NYS)                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $48936.15     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | WHITE MOUNTAINS INSURANCE GP(NYS)          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-197.55      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SERVICE CORP INTL COM                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-365153.85   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SERVICE CORP INTERNATIONAL(NYS)            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $224.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SHOPIFY INC CL A SUB VTG SHS               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $215418.91    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SHOPIFY INC. CMN CLASS A                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $148171.94    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SHOPIFY INC. CMN CLASS A                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $421135.84    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SHOPIFY INC. CMN CLASS A                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $44126.27     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SHOPIFY INC. CMN CLASS A                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $13983.98     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SHOPIFY INC                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $7044.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SHOPIFY INC - CLASS A                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $8592.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SHOPIFY INC                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $15843.71     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SHOPIFY INC                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-766.90      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SHOPIFY INC - CLASS A                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-9633.66     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SOUTHSTATE CORP                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-719.71      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SOUTHSTATE CORP                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-659.68      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SOUTHSTATE CORP                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-3627.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SOUTHSTATE CORP                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-605.67      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | WATCHES OF SWITZER ORD GBP0.0125           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-101941.36   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | WATCHES OF SWITZERLAND GROUP               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-1569.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | WATCHES OF SWITZERLAND GROUP               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-7526.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ST. JOE COMPANY CMN                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1354.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UNITED STS LIME & MINERALS INC COM         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $48741.39     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UNITED STATES LIME & MINERALS, INC. CMN    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-54.72       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UNITED STATES LIME & MINERALS, INC. CMN    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-1603.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UNITED STATES LIME & MINERAL               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-178.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VICTORY CAPITAL HOLDING                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-544.67      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VICTORY CAPITAL HOLDING                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-12.05       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VICTORY CAPITAL HOLDING - A                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $156.77       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VICTORY CAPITAL HOLDING - A                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-239.87      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VICTORY CAPITAL HOLDING - A                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-538.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VICTORY CAPITAL HOLDING - A                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-850.67      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | WISDOMTREE INC                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-538.60      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UBSERBS2-TRS-08/10/26-S                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $17171.33     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UBSERBS2-TRS-08/17/26-S                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $4576.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VF Corp                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       912 | NC      | $149568.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | ST. JOE COMPANY CMN                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1819.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ST. JOE COMPANY CMN                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $734.13       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ST. JOE COMPANY CMN                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-548.59      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ITT INC COM                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1565055.66   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ITT INC                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $24518.23     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ST. JOE COMPANY CMN                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1149.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | iShares Russell 2000 ETF                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       648 | NC      | $47952.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | WHITE MTNS INS GROUP LTD COM               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-66422.41    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | WISDOMTREE INC                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $335.03       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | WISDOMTREE INC                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $275.91       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CDW Corp/DE                    | CDW Corp/DE                                | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |     38487 | NS      | $6711363.06   | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp                  | Carnival Corp                              | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Short            | EC               | CORP              | US        |    -27120 | NS      | $-807362.40   | -0.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar Inc                            | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Short            | EC               | CORP              | US        |     -2370 | NS      | $-1038107.40  | -0.67%            |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp      | Cincinnati Financial Corp                  | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |      3421 | NS      | $504631.71    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                    | Cintas Corp                                | CUSIP: 172908105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -3586 | NS      | $-798064.30   | -0.51%            |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                  | Clorox Co/The                              | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Short            | EC               | CORP              | US        |     -3637 | NS      | $-456661.72   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The               | Coca-Cola Co/The                           | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Short            | EC               | CORP              | US        |    -14768 | NS      | $-1002599.52  | -0.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc        | Comfort Systems USA Inc                    | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Short            | EC               | CORP              | US        |     -1773 | NS      | $-1246950.90  | -0.80%            |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc         | T Rowe Price Group Inc                     | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Short            | EC               | CORP              | US        |    -13897 | NS      | $-1409850.65  | -0.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Restaurant Brands Internationa | Restaurant Brands International Inc        | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Short            | EC               | CORP              | CA        |    -15824 | NS      | $-1073816.64  | -0.69%            |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                  | Rio Tinto PLC                              | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Short            | EC               | CORP              | GB        |     -7486 | NS      | $-447438.22   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc        | Rockwell Automation Inc                    | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Short            | EC               | CORP              | US        |     -1339 | NS      | $-470939.69   | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                    | Rollins Inc                                | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     28697 | NS      | $1643477.19   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System Inc               | Ryder System Inc                           | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Short            | EC               | CORP              | US        |     -3831 | NS      | $-680807.01   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc  | Selective Insurance Group Inc              | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Short            | EC               | CORP              | US        |     -3175 | NS      | $-247554.75   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                    | Snap-on Inc                                | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Short            | EC               | CORP              | US        |     -3157 | NS      | $-1013996.83  | -0.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                 | Starbucks Corp                             | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Short            | EC               | CORP              | US        |    -27570 | NS      | $-2458141.20  | -1.58%            |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc      | Teledyne Technologies Inc                  | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      5791 | NS      | $3190956.82   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International Inc   | Somnigroup International Inc               | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |    135357 | NS      | $9797139.66   | 6.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Short            | EC               | CORP              | US        |     -7667 | NS      | $-2363506.09  | -1.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp        | Texas Pacific Land Corp                    | CUSIP: 88262P102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -4235 | NS      | $-4100030.55  | -2.64%            |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                    | Textron Inc                                | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Short            | EC               | CORP              | US        |     -9082 | NS      | $-706307.14   | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The             | Trade Desk Inc/The                         | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Short            | EC               | CORP              | US        |    -10484 | NS      | $-911688.64   | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co              | Tractor Supply Co                          | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    148764 | NS      | $8472109.80   | 5.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                    | Trex Co Inc                                | CUSIP: 89531P105<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -9258 | NS      | $-594733.92   | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                     | STERIS PLC                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     23632 | NS      | $5352411.68   | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd    | Royal Caribbean Cruises Ltd                | CUSIP: N/A<br>LEI: K2NEH8QNVW44JIWK7Z55       | Short            | EC               | CORP              | US        |      -367 | NS      | $-116658.29   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                     | Airbnb Inc                                 | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Short            | EC               | CORP              | US        |    -12312 | NS      | $-1630231.92  | -1.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings  | Allison Transmission Holdings Inc          | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Short            | EC               | CORP              | US        |    -10671 | NS      | $-961136.97   | -0.62%            |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings Inc           | Amentum Holdings Inc                       | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Short            | EC               | CORP              | US        |        -1 | NS      | $-19.60       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                  | Amphenol Corp                              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     21080 | NS      | $2245230.80   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Anheuser-Busch InBev SA/NV     | Anheuser-Busch InBev SA/NV                 | CUSIP: 03524A108<br>LEI: 5493008H3828EMEXB082 | Short            | EC               | CORP              | BE        |     -4992 | NS      | $-287888.64   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp           | Ares Management Corp                       | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Short            | EC               | CORP              | US        |     -3465 | NS      | $-642861.45   | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                   | AutoZone Inc                               | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Short            | EC               | CORP              | US        |      -794 | NS      | $-2992093.72  | -1.93%            |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc            | Axon Enterprise Inc                        | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Short            | EC               | CORP              | US        |      -600 | NS      | $-453294.00   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co          | Becton Dickinson & Co                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Short            | EC               | CORP              | US        |     -3350 | NS      | $-597137.50   | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                  | BHP Group Ltd                              | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Short            | EC               | CORP              | AU        |     -6810 | NS      | $-345062.70   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings Inc              | BILL Holdings Inc                          | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Short            | EC               | CORP              | US        |    -11461 | NS      | $-491103.85   | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                | Bio-Techne Corp                            | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     33221 | NS      | $1818185.33   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                 | Blackstone Inc                             | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Short            | EC               | CORP              | US        |    -11238 | NS      | $-1943724.48  | -1.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc           | Blue Owl Capital Inc                       | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102868 | NS      | $1990495.80   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | CASEY'S GENERAL STORES,INC CMN             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $71432.96     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CLEAN HARBORS INC COM                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $279969.00    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CLEAN HARBORS INC CMN                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $12098.97     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CLEAN HARBORS INC CMN                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $2550.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CLEAN HARBORS INC                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1374.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CLOUDFLARE INC CL A COM                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $22622.71     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CLOUDFLARE, INC. CMN CLASS A               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $210595.94    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CLOUDFLARE, INC. CMN CLASS A               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $223174.09    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CLOUDFLARE, INC. CMN CLASS A               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $48701.28     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United Rentals Inc             | United Rentals Inc                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Short            | EC               | CORP              | US        |     -1028 | NS      | $-907662.32   | -0.58%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | CLOUDFLARE, INC. CMN CLASS A               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $32747.39     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CLOUDFLARE, INC. CMN CLASS A               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $41140.93     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Short            | EC               | CORP              | US        |     -3449 | NS      | $-860732.44   | -0.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technol | Westinghouse Air Brake Technologies Corp   | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     30400 | NS      | $5838320.00   | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | CLOUDFLARE INC - CLASS A                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $3145.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CLOUDFLARE INC - CLASS A                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $13176.72     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Walmart Inc                    | Walmart Inc                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Short            | EC               | CORP              | US        |    -13078 | NS      | $-1281382.44  | -0.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                     | Watsco Inc                                 | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Short            | EC               | CORP              | US        |     -2334 | NS      | $-1052353.92  | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair Inc                    | Wayfair Inc                                | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Short            | EC               | CORP              | US        |    -13090 | NS      | $-859227.60   | -0.55%            |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International Inc        | WESCO International Inc                    | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Short            | EC               | CORP              | US        |     -4416 | NS      | $-913935.36   | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | CORE & MAIN INC CL A                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1527776.76   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CORE & MAIN INC. CMN                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $30803.16     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CORE & MAIN INC-CLASS A                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $33892.28     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CRANE CO. CMN                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $28687.88     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CRANE CO                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $3119.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | DICK'S SPORTING GOODS INC                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $2444.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | DICK'S SPORTING GOODS INC                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-2956.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Floor & Decor Holdings Inc     | Floor & Decor Holdings Inc                 | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Short            | EC               | CORP              | US        |    -16819 | NS      | $-1289008.16  | -0.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc | Fortune Brands Innovations Inc             | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |     53512 | NS      | $2918544.48   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co        | Arthur J Gallagher & Co                    | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Short            | EC               | CORP              | US        |    -12122 | NS      | $-3482044.50  | -2.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Short            | EC               | CORP              | US        |      -393 | NS      | $-290847.51   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                          | 3M Co                                      | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Short            | EC               | CORP              | US        |     -4572 | NS      | $-682233.84   | -0.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Alimentation Couche-Tard Inc   | Alimentation Couche-Tard Inc               | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Short            | EC               | CORP              | CA        |    -12574 | NS      | $-654824.78   | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                  | Accenture PLC                              | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Short            | EC               | CORP              | IE        |     -7248 | NS      | $-1935940.80  | -1.25%            |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services I | West Pharmaceutical Services Inc           | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Short            | EC               | CORP              | US        |     -8522 | NS      | $-2038973.72  | -1.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc            | Williams-Sonoma Inc                        | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      6107 | NS      | $1142314.35   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                     | Garmin Ltd                                 | CUSIP: N/A<br>LEI: 2549001E0HIPIJQ0W046       | Long             | EC               | CORP              | CH        |     10606 | NS      | $2320168.56   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Eli Lilly & Co                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        34 | NC      | $76500.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum China Holdings Inc         | Yum China Holdings Inc                     | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Short            | EC               | CORP              | CN        |    -29558 | NS      | $-1379767.44  | -0.89%            |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd            | Viking Holdings Ltd                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |    151709 | NS      | $8908352.48   | 5.73%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Cloudflare Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        32 | NC      | $354400.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SWATCH GROUP CHF0.45(REGD)                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $34196.04     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ST. JOE COMPANY CMN                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1156.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | QXO, INC. CMN                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-27883.44    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SWAP ALCOHOL BASKET MSSEALCO               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $108433.96    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UBSEPCSB-TRS-08/07/26-S                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-7768.21     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UBSERBS2-TRS-08/03/26-S                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $36142.13     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | POLARIS INC COM                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $35416.88     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | POLARIS INC CMN                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $73686.31     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ST. JOE COMPANY CMN                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $854.12       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | QXO, INC. CMN                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $2809.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | QXO INC                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-5967.72     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | QXO INC                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-7425.08     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | QXO INC                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-8469.92     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | EMCOR GROUP, INC. CMN                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $14426.26     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | EMCOR GROUP, INC. CMN                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $33346.22     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ENTEGRIS INC COM                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-146238.59   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ENTEGRIS, INC. CMN                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-7498.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ENTEGRIS, INC. CMN                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $10523.68     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ENTEGRIS, INC. CMN                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $3170.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ENTEGRIS INC                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-2391.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | LPL FINANCIAL HOLDINGS INC                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1559.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MARKEL GROUP INC COM                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $401220.40    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MARKEL GROUP INC CMN                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $2517.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MARKEL GROUP INC CMN                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $5435.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MARKEL GROUP INC CMN                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $20158.66     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MARKEL GROUP INC                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $1636.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MARKEL GROUP INC                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $2997.94      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MIDDLEBY CORP COM                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-407376.98   | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MIDDLEBY CORP(NSM)                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $3704.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MORNINGSTAR INC COM                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-593309.85   | -0.38%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MORNINGSTAR INC                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-28027.52    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Trimble Inc                    | Trimble Inc                                | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     83104 | NS      | $6971594.56   | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                | Ulta Beauty Inc                            | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Short            | EC               | CORP              | US        |     -1462 | NS      | $-752944.62   | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc      | United Parcel Service Inc                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Short            | EC               | CORP              | US        |    -13132 | NS      | $-1131453.12  | -0.73%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | VICTORY CAPITAL HOLDINGS, INC. CMN CLASS A | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $2239.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Estee Lauder Cos Inc/The                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       158 | NC      | $629630.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | FMC Corp                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       200 | NC      | $72000.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | GSCBCORD                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $32610.87     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | GSCBCORD                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $2372.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | GSCBFLAG CUSTOM BASKET                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $416991.76    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | GSCBFLAG-TRS-08/17/26-S                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $9314.12      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | GSCBNRSI CUSTOM BASKET RIC .GSCBNRSI       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-33907.46    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | GSCBOZVT CUSTOM BASKET RIC .GSCBOZVT       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-197059.46   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | GSCBSCHN CUSTOM BASKET RIC .GSCBSCHN       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-160423.12   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | GSCBSHLC CUSTOM BASKET RIC .GSCBSHLC       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $34949.30     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | GSCBSLTC CUSTOM BASKET RIC .GSCBSLTC       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-90966.37    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | GSCBSLTC                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-684.59      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MRK GR 12/17/27 C100                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |        80 | NC      | $218116.02    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | MSSEALCO.CBNY                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $16851.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MSSEALCO.CBNY                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $30120.85     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MSSEALCO.CBNY                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $3940.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MSSEALCO.CBNY                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-4128.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MSSEALCO                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-5.87        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MSSEMEDI                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $403.60       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NASDAQ INC. CMN                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $92328.71     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NASDAQ INC. CMN                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $21821.05     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NASDAQ INC. CMN                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $70757.09     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NASDAQ INC. CMN                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $17842.19     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NASDAQ INC                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $19622.16     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NASDAQ INC                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $5868.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NASDAQ INC                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $23711.41     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NASDAQ INC                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $14118.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NASDAQ INC                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $21957.18     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NASDAQ INC                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $3183.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NASDAQ INC                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $728.86       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ST JOE CO                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $790.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ST JOE CO                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $590.26       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ST JOE CO                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-1506.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ST JOE CO                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-413.13      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SOUTHSTATE CORP CMN                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-1069.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SOUTHSTATE CORP                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-778.11      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SOUTHSTATE CORP                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-1285.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-29

**Name of Applicant:** SEG Partners Long/Short Equity Fund

**Signature:** /s/Troy Statczar

**Name of Signer:** Troy Statczar

**Title:** PFO