The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADVANCED ENERGY INDS COM 007973100 26,182,931 70,220 SH SOLE N/A 70,220 0 0
ADVANCED MICRO DEVICES INC COM 007903107 38,904,705 66,972 SH SOLE N/A 66,972 0 0
AMAZON COM INC COM 023135106 6,742,639 28,290 SH SOLE N/A 28,290 0 0
AMKOR TECHNOLOGY INC COM 031652100 15,288,665 177,301 SH SOLE N/A 177,301 0 0
AMPHENOL CORP CL A 032095101 25,061,948 142,139 SH SOLE N/A 142,139 0 0
ANALOG DEVICES INC COM 032654105 4,200,470 10,576 SH SOLE N/A 10,576 0 0
APPLE INC COM 037833100 17,884,184 61,806 SH SOLE N/A 61,806 0 0
APPLIED DIGITAL CORP COM NEW 038169207 10,748,629 288,167 SH SOLE N/A 288,167 0 0
APPLIED MATLS INC COM 038222105 20,343,774 28,138 SH SOLE N/A 28,138 0 0
ARGAN INC COM 04010E109 15,582,905 19,514 SH SOLE N/A 19,514 0 0
ARTERIS INC COM 04302A104 14,284,148 293,973 SH SOLE N/A 293,973 0 0
ASTERA LABS INC COM 04626A103 27,886,194 57,733 SH SOLE N/A 57,733 0 0
BROADCOM INC COM 11135F101 22,812,700 60,391 SH SOLE N/A 60,391 0 0
BROOKDALE SR LIVING INC COM 112463104 12,191,554 757,710 SH SOLE N/A 757,710 0 0
CANTOR EQUITY PARTNERS I INC SHS CL A G1827K107 4,870,172 362,904 SH SOLE N/A 362,904 0 0
CELESTICA INC COM 15101Q207 7,170,144 19,655 SH SOLE N/A 19,655 0 0
CIPHER DIGITAL INC COM 17253J106 14,590,681 595,538 SH SOLE N/A 595,538 0 0
CITIGROUP INC COM NEW 172967424 21,419,338 153,039 SH SOLE N/A 153,039 0 0
COHERENT CORP COM 19247G107 18,099,467 45,883 SH SOLE N/A 45,883 0 0
COMFORT SYS USA INC COM 199908104 9,039,674 4,561 SH SOLE N/A 4,561 0 0
FABRINET SHS G3323L100 14,678,157 26,114 SH SOLE N/A 26,114 0 0
FLEX LTD ORD Y2573F102 24,225,251 149,474 SH SOLE N/A 149,474 0 0
FORGENT POWER SOLUTIONS INC COM SHS CL A 34631F102 22,283,224 398,912 SH SOLE N/A 398,912 0 0
GE AEROSPACE COM NEW 369604301 54,707,719 146,383 SH SOLE N/A 146,383 0 0
GE VERNOVA INC COM 36828A101 50,892,585 43,318 SH SOLE N/A 43,318 0 0
HUT 8 CORP COM 44812J104 40,633,523 351,973 SH SOLE N/A 351,973 0 0
INTEL CORP COM 458140100 31,238,722 223,725 SH SOLE N/A 223,725 0 0
IREN LIMITED ORDINARY SHARES Q4982L109 4,550,867 99,516 SH SOLE N/A 99,516 0 0
JABIL INC COM 466313103 12,126,044 31,457 SH SOLE N/A 31,457 0 0
KEEL INFRASTRUCTURE CORP COM SHS 486917107 20,795,366 3,622,886 SH SOLE N/A 3,622,886 0 0
KLA CORP COM NEW 482480100 28,577,971 94,720 SH SOLE N/A 94,720 0 0
LAM RESEARCH CORP COM NEW 512807306 9,691,425 22,365 SH SOLE N/A 22,365 0 0
LATTICE SEMICONDUCTOR CORP COM 518415104 4,516,909 29,530 SH SOLE N/A 29,530 0 0
LUMENTUM HLDGS INC COM 55024U109 7,142,491 8,324 SH SOLE N/A 8,324 0 0
MACOM TECH SOLUTIONS HLDGS I COM 55405Y100 6,831,445 17,960 SH SOLE N/A 17,960 0 0
MASTERCARD INCORPORATED CL A 57636Q104 17,802,917 34,663 SH SOLE N/A 34,663 0 0
META PLATFORMS INC CL A 30303M102 13,966,212 24,794 SH SOLE N/A 24,794 0 0
MICRON TECHNOLOGY INC COM 595112103 52,390,915 45,388 SH SOLE N/A 45,388 0 0
MKS INC. COM 55306N104 35,314,896 79,395 SH SOLE N/A 79,395 0 0
NEBIUS GROUP N.V. SHS CLASS A N97284108 36,666,539 132,768 SH SOLE N/A 132,768 0 0
NOKIA CORP SPONSORED ADR 654902204 33,871,756 2,550,584 SH SOLE N/A 2,550,584 0 0
NORTHERN TR CORP COM 665859104 26,183,607 150,619 SH SOLE N/A 150,619 0 0
NVIDIA CORPORATION COM 67066G104 23,244,255 116,169 SH SOLE N/A 116,169 0 0
PENGUIN SOLUTIONS INC COM 706915105 14,071,579 185,128 SH SOLE N/A 185,128 0 0
QUANTUMSCAPE CORP COM CL A 74767V109 4,339,652 574,028 SH SOLE N/A 574,028 0 0
RIOT PLATFORMS INC COM 767292105 32,900,054 1,201,609 SH SOLE N/A 1,201,609 0 0
SANDISK CORP COM 80004C200 33,669,394 14,808 SH SOLE N/A 14,808 0 0
SILICON MOTION TECHNOLOGY CO SPONSORED ADR 82706C108 17,607,491 52,823 SH SOLE N/A 52,823 0 0
STATE STR CORP COM 857477103 57,249,837 337,558 SH SOLE N/A 337,558 0 0
STERLING INFRASTRUCTURE INC COM 859241101 7,555,919 9,002 SH SOLE N/A 9,002 0 0
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS 874039100 36,776,711 77,008 SH SOLE N/A 77,008 0 0
TERAWULF INC COM 88080T104 26,928,014 1,090,203 SH SOLE N/A 1,090,203 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 6,618,955 13,202 SH SOLE N/A 13,202 0 0
VARONIS SYS INC COM 922280102 15,998,551 381,281 SH SOLE N/A 381,281 0 0
VERTIV HOLDINGS CO COM CL A 92537N108 40,928,397 122,240 SH SOLE N/A 122,240 0 0
VISA INC COM CL A 92826C839 15,666,176 45,662 SH SOLE N/A 45,662 0 0