# EDGAR Filing Document

**Accession Number:** 0001179475
**File Stem:** 0001398344-26-001810
**Filing Date:** 2026-2
**Character Count:** 28477
**Document Hash:** 385a7c40d3aa9db34be4148c80d19450
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-26-001810.hdr.sgml**: 20260202

**ACCESSION NUMBER**: 0001398344-26-001810

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260202

**DATE AS OF CHANGE**: 20260202

**EFFECTIVENESS DATE**: 20260202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HUSSMAN STRATEGIC ADVISORS, INC.
- **CENTRAL INDEX KEY:** 0001179475

**ORGANIZATION NAME:**
- **EIN:** 383083913
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10233
- **FILM NUMBER:** 26586468

**BUSINESS ADDRESS:**
- **STREET 1:** 6021 UNIVERSITY BLVD., SUITE 490
- **CITY:** ELLICOTT CITY
- **STATE:** MD
- **ZIP:** 21043
- **BUSINESS PHONE:** (410) 715-1130

**MAIL ADDRESS:**
- **STREET 1:** 6021 UNIVERSITY BLVD., SUITE 490
- **CITY:** ELLICOTT CITY
- **STATE:** MD
- **ZIP:** 21043

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HUSSMAN ECONOMETRICS ADVISORS, INC.
- **DATE OF NAME CHANGE:** 20040726

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HUSSMAN ECONOMETRICS ADVISORS INC
- **DATE OF NAME CHANGE:** 20020807

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** HUSSMAN STRATEGIC ADVISORS INC.<br>**Address:** 6021 UNIVERSITY BLVD. SUITE 490<br>ELLICOTT CITY, MD 21043

**Form 13F File Number:** 028-10233

**CRD Number (if applicable):** 000109400

**SEC File Number (if applicable):** 801-57572

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

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

**Name:** John P. Hussman<br>**Title:** President<br>**Phone:** 410-715-1130

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

/s/ John P. Hussman  Ellicott City, MD  01-27-2026<br>[Signature]  [City, State]  [Date]

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

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

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

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

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 252

**Form 13F Information Table Value Total:** $413734549

      (round to nearest dollar)

**List of Other Included Managers:**

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

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

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACM RESH INC | COM CL A | 00108J109 |  | 2485350 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 14340 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| ANI PHARMACEUTICALS INC | COM | 00182C103 |  | 2486610 | 31500 | SH |  | SOLE |  | 31500 | 0 | 0 |
| ACADIA PHARMACEUTICALS INC | COM | 004225108 |  | 3926370 | 147000 | SH |  | SOLE |  | 147000 | 0 | 0 |
| ADTRAN HOLDINGS INC | COM | 00486H105 |  | 1277430 | 147000 | SH |  | SOLE |  | 147000 | 0 | 0 |
| ADVANCE AUTO PARTS INC | COM | 00751Y106 |  | 825300 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 2068266 | 12200 | SH |  | SOLE |  | 12200 | 0 | 0 |
| AIRBNB INC | COM CL A | 009066101 |  | 2850120 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| ALAMOS GOLD INC NEW | COM CL A | 011532108 |  | 2353380 | 61000 | SH |  | SOLE |  | 61000 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 1802850 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| BREAD FINANCIAL HOLDINGS INC | COM | 018581108 |  | 2331945 | 31500 | SH |  | SOLE |  | 31500 | 0 | 0 |
| ALNYLAM PHARMACEUTICALS INC | COM | 02043Q107 |  | 2505195 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| AMEREN CORP | COM | 023608102 |  | 9986 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 11531 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 2749404 | 8400 | SH |  | SOLE |  | 8400 | 0 | 0 |
| AMPRIUS TECHNOLOGIES INC | COMMON STOCK | 03214Q108 |  | 1656900 | 210000 | SH |  | SOLE |  | 210000 | 0 | 0 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 747180 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| APA CORPORATION | COM | 03743Q108 |  | 2568300 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| ASTRANA HEALTH INC | COM NEW | 03763A207 |  | 1563030 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| ARCHER DANIELS MIDLAND CO | COM | 039483102 |  | 1207290 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| ARHAUS INC | COM CL A | 04035M102 |  | 1177050 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| ARRAY TECHNOLOGIES INC | COM SHS | 04271T100 |  | 2323440 | 252000 | SH |  | SOLE |  | 252000 | 0 | 0 |
| ARVINAS INC | COM | 04335A105 |  | 1245300 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| AURINIA PHARMACEUTICALS INC | COM | 05156V102 |  | 1674750 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| AUTONATION INC | COM | 05329W102 |  | 433608 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| AVISTA CORP | COM | 05379B107 |  | 38540 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| BANK OZK LITTLE ROCK ARK | COM | 06417N103 |  | 2416050 | 52500 | SH |  | SOLE |  | 52500 | 0 | 0 |
| BANKUNITED INC | COM | 06652K103 |  | 1403955 | 31500 | SH |  | SOLE |  | 31500 | 0 | 0 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 2656550 | 61000 | SH |  | SOLE |  | 61000 | 0 | 0 |
| BIOCRYST PHARMACEUTICALS INC | COM | 09058V103 |  | 1965600 | 252000 | SH |  | SOLE |  | 252000 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 1872045 | 31500 | SH |  | SOLE |  | 31500 | 0 | 0 |
| BLACK HILLS CORP | COM | 092113109 |  | 34710 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| BOX INC | CL A | 10316T104 |  | 1256220 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| BROOKFIELD RENEWABLE CORP | CL A EX SUB VTG | 11285B108 |  | 1610280 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| B2GOLD CORP | COM | 11777Q209 |  | 1353000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| CF INDS HLDGS INC | COM | 125269100 |  | 812070 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| CVR ENERGY INC | COM | 12662P108 |  | 1068480 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 3333120 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 1105440 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| CAL MAINE FOODS INC | COM NEW | 128030202 |  | 1336776 | 16800 | SH |  | SOLE |  | 16800 | 0 | 0 |
| CALIFORNIA RES CORP | COM STOCK | 13057Q305 |  | 44710 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| TOPGOLF CALLAWAY BRANDS CORP | COM | 131193104 |  | 980280 | 84000 | SH |  | SOLE |  | 84000 | 0 | 0 |
| THE CAMPBELLS COMPANY | COM | 134429109 |  | 2926350 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| CANADIAN SOLAR INC | COM | 136635109 |  | 2995020 | 126000 | SH |  | SOLE |  | 126000 | 0 | 0 |
| CATALYST PHARMACEUTICALS INC | COM | 14888U101 |  | 2450700 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| CHARTER COMMUNICATIONS INC N | CL A | 16119P108 |  | 3945375 | 18900 | SH |  | SOLE |  | 18900 | 0 | 0 |
| CHENIERE ENERGY PARTNERS LP | COM UNIT | 16411Q101 |  | 2246160 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| CHEWY INC | CL A | 16679L109 |  | 2082150 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| NIAGEN BIOSCIENCE INC | COM NEW | 171077407 |  | 667800 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| CIRRUS LOGIC INC | COM | 172755100 |  | 1244250 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1225245 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| CIVITAS RESOURCES INC | COM NEW | 17888H103 |  | 1137780 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| CLEAR SECURE INC | COM CL A | 18467V109 |  | 2210040 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 1058715 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 2936220 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 1743000 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 3318840 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| COMPASS MINERALS INTL INC | COM | 20451N101 |  | 824880 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| CONCENTRIX CORP | COM | 20602D101 |  | 3492720 | 84000 | SH |  | SOLE |  | 84000 | 0 | 0 |
| CONCENTRA GROUP HOLDINGS PAR | COMMON STOCK | 20603L102 |  | 1239840 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 99320 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| CORCEPT THERAPEUTICS INC | COM | 218352102 |  | 1096200 | 31500 | SH |  | SOLE |  | 31500 | 0 | 0 |
| CORMEDIX INC | COM | 21900C308 |  | 2442300 | 210000 | SH |  | SOLE |  | 210000 | 0 | 0 |
| COURSERA INC | COM | 22266M104 |  | 772800 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| CRACKER BARREL OLD CTRY STOR | COM | 22410J106 |  | 1600200 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| CUSTOMERS BANCORP INC | COM | 23204G100 |  | 767760 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 |  | 12898 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 59840 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 |  | 1538460 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 2787540 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 1394085 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 29295 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 58605 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| DUOLINGO INC | CL A COM | 26603R106 |  | 737100 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| DOXIMITY INC | CL A | 26622P107 |  | 929880 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| EBAY INC. | COM | 278642103 |  | 1829100 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| EDISON INTL | COM | 281020107 |  | 30010 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 92430 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| ETSY INC | COM | 29786A106 |  | 4656960 | 84000 | SH |  | SOLE |  | 84000 | 0 | 0 |
| EURONET WORLDWIDE INC | COM | 298736109 |  | 2397465 | 31500 | SH |  | SOLE |  | 31500 | 0 | 0 |
| EVERTEC INC | COM | 30040P103 |  | 1221780 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| EVOLV TECHNOLOGIES HLDNGS IN | COM CL A | 30049H102 |  | 1804320 | 252000 | SH |  | SOLE |  | 252000 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 43590 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| EXELIXIS INC | COM | 30161Q104 |  | 3681720 | 84000 | SH |  | SOLE |  | 84000 | 0 | 0 |
| FIRSTENERGY CORP | COM | 337932107 |  | 44770 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| FIVE BELOW INC | COM | 33829M101 |  | 2768892 | 14700 | SH |  | SOLE |  | 14700 | 0 | 0 |
| FLOWERS FOODS INC | COM | 343498101 |  | 1827840 | 168000 | SH |  | SOLE |  | 168000 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 1612800 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 2929500 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1804278 | 14700 | SH |  | SOLE |  | 14700 | 0 | 0 |
| GLOBAL WTR RES INC | COM | 379463102 |  | 8450 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| GLOBE LIFE INC | COM | 37959E102 |  | 1468530 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| GOGO INC | COM | 38046C109 |  | 1272180 | 273000 | SH |  | SOLE |  | 273000 | 0 | 0 |
| GRAHAM HLDGS CO | COM CL B | 384637104 |  | 2307060 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | COM | 40637H109 |  | 3533250 | 52500 | SH |  | SOLE |  | 52500 | 0 | 0 |
| HARMONY BIOSCIENCES HLDGS IN | COM | 413197104 |  | 2357460 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| HAWAIIAN ELEC INDUSTRIES | COM | 419870100 |  | 12300 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| HEALTHCARE SVCS GROUP INC | COM | 421906108 |  | 2007600 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| HECLA MNG CO | COM | 422704106 |  | 1170590 | 61000 | SH |  | SOLE |  | 61000 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 1910790 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 |  | 1619100 | 315000 | SH |  | SOLE |  | 315000 | 0 | 0 |
| HILTON GRAND VACATIONS INC | COM | 43283X105 |  | 939750 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 2689365 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| CRESCENT ENERGY COMPANY | CL A COM | 44952J104 |  | 15993 | 1906 | SH |  | SOLE |  | 1906 | 0 | 0 |
| IRHYTHM TECHNOLOGIES INC | COM | 450056106 |  | 2608368 | 14700 | SH |  | SOLE |  | 14700 | 0 | 0 |
| IMMUNOCORE HLDGS PLC | ADS | 45258D105 |  | 1457820 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 2489004 | 25200 | SH |  | SOLE |  | 25200 | 0 | 0 |
| INGRAM MICRO HLDG CORP | COM | 457152106 |  | 896280 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| INNOVEX INTERNATIONAL INC | COM | 457651107 |  | 918540 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| INNOVIVA INC | COM | 45781M101 |  | 2098950 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| INTERDIGITAL INC | COM | 45867G101 |  | 2005794 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| INVESCO CURRENCYSHARES EURO | EURO SHS | 46138K103 |  | 813413 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| INVESCO CURRENCYSHARES BRIT | BRIT POUN STRL | 46138M109 |  | 648750 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| INVESCO CURRENCYSHARES JAPAN | JAPANESE YEN | 46138W107 |  | 733375 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| IONQ INC | COM | 46222L108 |  | 1413405 | 31500 | SH |  | SOLE |  | 31500 | 0 | 0 |
| KEROS THERAPEUTICS INC | COM | 492327101 |  | 855120 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 635607 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 |  | 858880 | 30500 | SH |  | SOLE |  | 30500 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 1018500 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 634200 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| LEGALZOOM COM INC | COM | 52466B103 |  | 1042650 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| LINCOLN NATL CORP IND | COM | 534187109 |  | 1870260 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| LYFT INC | CL A COM | 55087P104 |  | 1830465 | 94500 | SH |  | SOLE |  | 94500 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 1024569 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| MATCH GROUP INC NEW | COM | 57667L107 |  | 2712360 | 84000 | SH |  | SOLE |  | 84000 | 0 | 0 |
| MONTROSE ENVIRONMENTAL GROUP | COM | 615111101 |  | 1042860 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 2023560 | 84000 | SH |  | SOLE |  | 84000 | 0 | 0 |
| CLARITEV CORPORATION | CL A NEW | 62548M209 |  | 448875 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 159240 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| NATIONAL VISION HLDGS INC | COM | 63845R107 |  | 2711100 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 2978430 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 3045425 | 30500 | SH |  | SOLE |  | 30500 | 0 | 0 |
| NEXTPOWER INC | CLASS A COM | 65290E101 |  | 2561034 | 29400 | SH |  | SOLE |  | 29400 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 2007873 | 14700 | SH |  | SOLE |  | 14700 | 0 | 0 |
| NORTHWESTERN ENERGY GROUP IN | COM NEW | 668074305 |  | 64540 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| NUTEX HEALTH INC | COM | 67079U306 |  | 3457020 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| OSHKOSH CORP | COM | 688239201 |  | 1319115 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| OTTER TAIL CORP | COM | 689648103 |  | 80810 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| PPL CORP | COM | 69351T106 |  | 35020 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| PVH CORPORATION | COM | 693656100 |  | 703710 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| PTC THERAPEUTICS INC | COM | 69366J200 |  | 1914192 | 25200 | SH |  | SOLE |  | 25200 | 0 | 0 |
| PACIRA BIOSCIENCES INC | COM | 695127100 |  | 3260880 | 126000 | SH |  | SOLE |  | 126000 | 0 | 0 |
| PALOMAR HLDGS INC | COM | 69753M105 |  | 2829960 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| PAN AMERN SILVER CORP | COM | 697900108 |  | 1264164 | 24400 | SH |  | SOLE |  | 24400 | 0 | 0 |
| PAR PAC HOLDINGS INC | COM NEW | 69888T207 |  | 1475880 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 |  | 1969800 | 147000 | SH |  | SOLE |  | 147000 | 0 | 0 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 2677248 | 16800 | SH |  | SOLE |  | 16800 | 0 | 0 |
| PAYMENTUS HOLDINGS INC | COM CL A | 70439P108 |  | 1990170 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 1225980 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| PENUMBRA INC | COM | 70975L107 |  | 1305822 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 3013920 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 1045800 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| PHATHOM PHARMACEUTICALS INC | COM | 71722W107 |  | 2438730 | 147000 | SH |  | SOLE |  | 147000 | 0 | 0 |
| PHIBRO ANIMAL HEALTH CORP | CL A COM | 71742Q106 |  | 1569120 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 88700 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 |  | 1087380 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| PORTLAND GEN ELEC CO | COM NEW | 736508847 |  | 47990 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| POST HLDGS INC | COM | 737446104 |  | 624015 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| POWER SOLUTIONS INTL INC | COM NEW | 73933G202 |  | 1799910 | 31500 | SH |  | SOLE |  | 31500 | 0 | 0 |
| PRAXIS PRECISION MEDICINES I | COM NEW | 74006W207 |  | 2475816 | 8400 | SH |  | SOLE |  | 8400 | 0 | 0 |
| PROGYNY INC | COM | 74340E103 |  | 3235680 | 126000 | SH |  | SOLE |  | 126000 | 0 | 0 |
| PROTAGONIST THERAPEUTICS INC | COM | 74366E102 |  | 1100484 | 12600 | SH |  | SOLE |  | 12600 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 40150 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 4669665 | 27300 | SH |  | SOLE |  | 27300 | 0 | 0 |
| QUALYS INC | COM | 74758T303 |  | 2232720 | 16800 | SH |  | SOLE |  | 16800 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 728826 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| RPC INC | COM | 749660106 |  | 571200 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| REYNOLDS CONSUMER PRODS INC | COM | 76171L106 |  | 1925280 | 84000 | SH |  | SOLE |  | 84000 | 0 | 0 |
| RIGEL PHARMACEUTICALS INC | COM | 766559702 |  | 2248575 | 52500 | SH |  | SOLE |  | 52500 | 0 | 0 |
| ROOT INC | CL A NEW | 77664L207 |  | 758415 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| ROYAL GOLD INC | COM | 780287108 |  | 2711938 | 12200 | SH |  | SOLE |  | 12200 | 0 | 0 |
| SEZZLE INC | COM | 78435P105 |  | 3332438 | 52500 | SH |  | SOLE |  | 52500 | 0 | 0 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 2202984 | 25200 | SH |  | SOLE |  | 25200 | 0 | 0 |
| SSR MINING IN | COM | 784730103 |  | 1337120 | 61000 | SH |  | SOLE |  | 61000 | 0 | 0 |
| SALLY BEAUTY HLDGS INC | COM | 79546E104 |  | 1197840 | 84000 | SH |  | SOLE |  | 84000 | 0 | 0 |
| SAREPTA THERAPEUTICS INC | COM | 803607100 |  | 1355760 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 |  | 2417940 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| GENEDX HOLDINGS CORP | COM CL A | 81663L200 |  | 1365630 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| SHOALS TECHNOLOGIES GROUP IN | CL A | 82489W107 |  | 2142000 | 252000 | SH |  | SOLE |  | 252000 | 0 | 0 |
| SI-BONE INC | COM | 825704109 |  | 1656480 | 84000 | SH |  | SOLE |  | 84000 | 0 | 0 |
| SIBANYE STILLWATER LTD | SPONSORED ADR | 82575P107 |  | 285000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 1027005 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 1842624 | 8400 | SH |  | SOLE |  | 8400 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC | COM | 83417M104 |  | 2120475 | 73500 | SH |  | SOLE |  | 73500 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 1331232 | 16800 | SH |  | SOLE |  | 16800 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 43600 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 2652615 | 31500 | SH |  | SOLE |  | 31500 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 1354605 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| STOKE THERAPEUTICS INC | COM | 86150R107 |  | 1999620 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| STONEX GROUP INC | COM | 861896108 |  | 1398411 | 14700 | SH |  | SOLE |  | 14700 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM NEW | 86800U302 |  | 1229340 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| SYMBOTIC INC | CLASS A COM | 87151X101 |  | 624750 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 1574328 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| TARSUS PHARMACEUTICALS INC | COM | 87650L103 |  | 1375584 | 16800 | SH |  | SOLE |  | 16800 | 0 | 0 |
| TASKUS INC | CLASS A COM | 87652V109 |  | 2475900 | 210000 | SH |  | SOLE |  | 210000 | 0 | 0 |
| TELADOC HEALTH INC | COM | 87918A105 |  | 1470000 | 210000 | SH |  | SOLE |  | 210000 | 0 | 0 |
| TEMPUS AI INC | CL A | 88023B103 |  | 2480100 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| TOOTSIE ROLL INDS INC | COM | 890516107 |  | 3076920 | 84000 | SH |  | SOLE |  | 84000 | 0 | 0 |
| TRANSMEDICS GROUP INC | COM | 89377M109 |  | 1788255 | 14700 | SH |  | SOLE |  | 14700 | 0 | 0 |
| TRAVERE THERAPEUTICS INC | COM | 89422G107 |  | 1203615 | 31500 | SH |  | SOLE |  | 31500 | 0 | 0 |
| TRIPADVISOR INC | COM | 896945201 |  | 1528800 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 2573865 | 31500 | SH |  | SOLE |  | 31500 | 0 | 0 |
| UBIQUITI INC | COM | 90353W103 |  | 4648140 | 8400 | SH |  | SOLE |  | 8400 | 0 | 0 |
| UL SOLUTIONS INC | CLASS A COM SHS | 903731107 |  | 2484090 | 31500 | SH |  | SOLE |  | 31500 | 0 | 0 |
| UNITED NAT FOODS INC | COM | 911163103 |  | 4242420 | 126000 | SH |  | SOLE |  | 126000 | 0 | 0 |
| UNIVERSAL DISPLAY CORP | COM | 91347P105 |  | 1961904 | 16800 | SH |  | SOLE |  | 16800 | 0 | 0 |
| UNIVEST FINANCIAL CORPORATIO | COM | 915271100 |  | 687540 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| UPWORK INC | COM | 91688F104 |  | 832440 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| URBAN OUTFITTERS INC | COM | 917047102 |  | 3160920 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| VERISIGN INC | COM | 92343E102 |  | 1530585 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 2993655 | 73500 | SH |  | SOLE |  | 73500 | 0 | 0 |
| VIASAT INC | COM | 92552V100 |  | 2894640 | 84000 | SH |  | SOLE |  | 84000 | 0 | 0 |
| VIRTU FINL INC | CL A | 928254101 |  | 2099160 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| VITAL FARMS INC | COM | 92847W103 |  | 2682960 | 84000 | SH |  | SOLE |  | 84000 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 977550 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| WINGSTOP INC | COM | 974155103 |  | 1502487 | 6300 | SH |  | SOLE |  | 6300 | 0 | 0 |
| WYNN RESORTS LTD | COM | 983134107 |  | 1263465 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| YEXT INC | COM | 98585N106 |  | 846300 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| ZOOMINFO TECHNOLOGIES INC | COMMON STOCK | 98980F104 |  | 1494990 | 147000 | SH |  | SOLE |  | 147000 | 0 | 0 |
| ZOOM COMMUNICATIONS INC | CL A | 98980L101 |  | 906045 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |
| ALKERMES PLC | SHS | G01767105 |  | 2937900 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 2340534 | 14700 | SH |  | SOLE |  | 14700 | 0 | 0 |
| ANGLOGOLD ASHANTI PLC | COM SHS | G0378L100 |  | 1560624 | 18300 | SH |  | SOLE |  | 18300 | 0 | 0 |
| ARCOS DORADOS HOLDINGS INC | SHS CLASS -A - | G0457F107 |  | 770700 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| AURA MINERALS INC | SHS NEW | G06973112 |  | 1285583 | 25500 | SH |  | SOLE |  | 25500 | 0 | 0 |
| DOLE PLC | ORD SHS | G27907107 |  | 2203530 | 147000 | SH |  | SOLE |  | 147000 | 0 | 0 |
| DLOCAL LTD | CLASS A COM | G29018101 |  | 2969400 | 210000 | SH |  | SOLE |  | 210000 | 0 | 0 |
| APTIV PLC | COM SHS | G3265R107 |  | 2876202 | 37800 | SH |  | SOLE |  | 37800 | 0 | 0 |
| FLEX LNG LTD | SHS | G35947202 |  | 1047900 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| FRESH DEL MONTE PRODUCE INC | ORD | G36738105 |  | 1496460 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| GIGACLOUD TECHNOLOGY INC | CLASS A ORD | G38644103 |  | 2062200 | 52500 | SH |  | SOLE |  | 52500 | 0 | 0 |
| GENPACT LIMITED | SHS | G3922B107 |  | 3929520 | 84000 | SH |  | SOLE |  | 84000 | 0 | 0 |
| HERBALIFE LTD | COM SHS | G4412G101 |  | 812070 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| IHS HOLDING LIMITED | ORD SHS | G4701H109 |  | 783300 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| INTER  CO INC | CLASS A COM | G4R20B107 |  | 890400 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 2017260 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| NEWEGG COMMERCE INC | SHS NEW | G6483G209 |  | 1065960 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| JOBY AVIATION INC | COMMON STOCK | G65163100 |  | 1940400 | 147000 | SH |  | SOLE |  | 147000 | 0 | 0 |
| NOBLE CORP PLC | ORD SHS A | G65431127 |  | 1186080 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| NOMAD FOODS LTD | USD ORD SHS | G6564A105 |  | 2101680 | 168000 | SH |  | SOLE |  | 168000 | 0 | 0 |
| PAGSEGURO DIGITAL LTD | COM CL A | G68707101 |  | 2024400 | 210000 | SH |  | SOLE |  | 210000 | 0 | 0 |
| PATRIA INVESTMENTS LIMITED | COM CL A | G69451105 |  | 667380 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| RENEW ENERGY GLOBAL PLC | CL A SHS | G7500M104 |  | 593250 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 |  | 2434320 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| TEEKAY CORPORATION LTD | SHS | G8726T105 |  | 948150 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| VALARIS LTD | CL A | G9460G101 |  | 1058400 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| XP INC | CL A | G98239109 |  | 1375080 | 84000 | SH |  | SOLE |  | 84000 | 0 | 0 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 3896760 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| FIVERR INTL LTD | ORD SHS | M4R82T106 |  | 829920 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| ICL GROUP LTD | SHS | M53213100 |  | 599550 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| ODDITY TECH LTD | SHS CL A | M7518J104 |  | 843780 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| COPA HOLDINGS SA | CL A | P31076105 |  | 1266405 | 10500 | SH |  | SOLE |  | 10500 | 0 | 0 |

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