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
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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
Micron Technology, Inc. MU 595112103 37,849,169 32,790 SH SOLE 32,790 0 0
Taiwan Semiconductor Manufacturing Company Ltd. ADR TSM 874039100 37,207,479 77,910 SH SOLE 77,910 0 0
Advanced Micro Devices, Inc. AMD 007903107 36,974,922 63,650 SH SOLE 63,650 0 0
Nebius Group N.V. NBIS N97284108 28,235,621 102,240 SH SOLE 102,240 0 0
Bloom Energy Corporation BE 093712107 27,572,943 91,090 SH SOLE 91,090 0 0
Western Digital Corp. WDC 958102105 23,070,566 36,120 SH SOLE 36,120 0 0
Marvell Technology, Inc. MRVL 573874104 22,663,471 76,080 SH SOLE 76,080 0 0
Corning Inc. Glass Works GLW 219350105 22,536,589 88,230 SH SOLE 88,230 0 0
Applied Materials, Inc. AMAT 038222105 22,499,760 31,120 SH SOLE 31,120 0 0
Intel Corp. INTC 458140100 22,458,089 160,840 SH SOLE 160,840 0 0
Segate Technology STX G7945M107 18,904,350 19,590 SH SOLE 19,590 0 0
Credo Technology Group Holding LTD CRDO G25457105 18,867,891 69,380 SH SOLE 69,380 0 0
Astera Labs, Inc. ALAB 04626A103 15,881,698 32,880 SH SOLE 32,880 0 0
Qnity Electronics, Inc. Q 74743L100 15,475,256 94,760 SH SOLE 94,760 0 0
Silicon Motion Technology Corporation SIMO 82706C108 14,759,852 44,280 SH SOLE 44,280 0 0
Amkor Technology, Inc. AMKR 031652100 13,952,014 161,800 SH SOLE 161,800 0 0
Teradyne, Inc. TER 880770102 13,910,400 28,750 SH SOLE 28,750 0 0
Rocket Lab Corporation RKLB 773122106 13,894,539 136,690 SH SOLE 136,690 0 0
Arm Holdings plc ARM 042068205 13,771,499 38,840 SH SOLE 38,840 0 0
Aehr Test Systems, Inc. AEHR 00760J108 13,701,998 142,640 SH SOLE 142,640 0 0
MaxLinear, Inc. MXL 57776J100 9,406,364 73,470 SH SOLE 73,470 0 0
KLA Corporation KLAC 482480100 9,250,429 30,660 SH SOLE 30,660 0 0
Lam Research Corp. LRCX 512807108 9,173,596 21,170 SH SOLE 21,170 0 0
Sandisk Corp. SNDK 80004C200 22,737 10 SH SOLE 10 0 0
ASML Holding N.V. ADR ASML N07059111 19,894 10 SH SOLE 10 0 0
MercadoLibre, Inc. (Argentina) MELI 58733R102 16,974 10 SH SOLE 10 0 0
Palo Alto Networks, Inc. PANW 697435105 14,323 42 SH SOLE 42 0 0
Monolithic Power Systems, Inc. MPWR 609839105 13,824 10 SH SOLE 10 0 0
GE Vernova Inc. GEV 36828A101 11,749 10 SH SOLE 10 0 0
Equinix, Inc. EQIX 29444U502 10,424 10 SH SOLE 10 0 0
Lumentum Holdings Inc. LITE 55024U109 8,581 10 SH SOLE 10 0 0
Argan, Inc. AGX 04010E109 7,986 10 SH SOLE 10 0 0
CrowdStrike Holdings, Inc. Class A CRWD 22788C105 7,631 10 SH SOLE 10 0 0
SiTime Corporation SITM 82982T106 7,456 10 SH SOLE 10 0 0
Invesco QQQ ETF QQQ 46090E103 7,364 10 SH SOLE 10 0 0
Netflix, Inc. NFLX 64110L106 7,140 100 SH SOLE 100 0 0
VanEck Semiconductor ETF SMH 92189F676 6,559 10 SH SOLE 10 0 0
Meta Platforms, Inc. Class A META 30303M102 5,633 10 SH SOLE 10 0 0
AppLovin Corporation APP 03831W108 5,152 10 SH SOLE 10 0 0
ServiceNow, Inc. NOW 81762P102 4,964 50 SH SOLE 50 0 0
Ciena Corp. CIEN 171779309 4,906 10 SH SOLE 10 0 0
Texas Pacific Land Corporation TPL 88262P102 4,376 10 SH SOLE 10 0 0
Dell Technologies, Inc. DELL 24703L202 4,315 10 SH SOLE 10 0 0
Eaton Corporation PLC ETN G29183103 4,261 10 SH SOLE 10 0 0
Tesla, Inc. TSLA 88160R101 4,206 10 SH SOLE 10 0 0
Coherent Corp. COHR 19247G107 3,945 10 SH SOLE 10 0 0
Jabil Circuit JBL 466313103 3,855 10 SH SOLE 10 0 0
Talen Energy Corporation TLN 87422Q109 3,843 10 SH SOLE 10 0 0
Broadcom Ltd. AVGO 11135F101 3,778 10 SH SOLE 10 0 0
GE Aerospace GE 369604301 3,737 10 SH SOLE 10 0 0
Microsoft Corp. MSFT 594918104 3,730 10 SH SOLE 10 0 0
Celestica Inc. CLS 15101Q207 3,648 10 SH SOLE 10 0 0
Alphabet, Inc. Class A GOOGL 02079K305 3,574 10 SH SOLE 10 0 0
MongoDB, Inc. Class A MDB 60937P106 3,359 10 SH SOLE 10 0 0
Vertiv Holdings Co VRT 92537N108 3,348 10 SH SOLE 10 0 0
Carvana Co. Class A CVNA 146869102 3,291 50 SH SOLE 50 0 0
Apple, Inc. AAPL 037833100 2,894 10 SH SOLE 10 0 0
Tower Semiconductor Ltd. TSEM 001082379 2,606 10 SH SOLE 10 0 0
Datadog, Inc. Class A DDOG 23804L103 2,604 10 SH SOLE 10 0 0
Snowflake, Inc. Class A SNOW 833445109 2,545 10 SH SOLE 10 0 0
Constellation Energy Corporation CEG 21037T109 2,484 10 SH SOLE 10 0 0
Cloudflare, Inc. Class A NET 18915M107 2,453 10 SH SOLE 10 0 0
Amazon.com, Inc. AMZN 023135106 2,383 10 SH SOLE 10 0 0
Cerebras Systems Inc. Class A CBRS 15675D103 2,210 10 SH SOLE 10 0 0
NVIDIA Corp. NVDA 67066G104 2,001 10 SH SOLE 10 0 0
BWX Technologies, Inc. BWXT 05605H100 1,947 10 SH SOLE 10 0 0
Qualcomm, Inc. QCOM 747525103 1,848 10 SH SOLE 10 0 0
DoorDash, Inc. Class A DASH 25809K105 1,845 10 SH SOLE 10 0 0
Amphenol Corporation APH 032095101 1,763 10 SH SOLE 10 0 0
Reddit, Inc. RDDT 75734B100 1,736 10 SH SOLE 10 0 0
Space Exploration Technologies Corp. Class A SPCX 84615Q103 1,709 10 SH SOLE 10 0 0
Arista Networks, Inc. ANET 040413205 1,699 10 SH SOLE 10 0 0
Semtech Corp. SMTC 816850101 1,619 10 SH SOLE 10 0 0
Vistra Corp. VST 92840M102 1,586 10 SH SOLE 10 0 0
DigitalOcean Holdings, Inc. DOCN 25402D102 1,570 10 SH SOLE 10 0 0
Netapp, Inc. NTAP 64110D104 1,548 10 SH SOLE 10 0 0
Applied Optoelectronics, Inc. AAOI 03823U102 1,482 10 SH SOLE 10 0 0
Oracle Corp. ORCL 68389X105 1,466 10 SH SOLE 10 0 0
Coinbase Global, Inc. Class A COIN 19260Q107 1,462 10 SH SOLE 10 0 0
Zscaler, Inc. ZS 98980G102 1,412 10 SH SOLE 10 0 0
Roku, Inc. Class A ROKU 77543R102 1,381 10 SH SOLE 10 0 0
Okta, Inc. Class A OKTA 679295105 1,365 10 SH SOLE 10 0 0
Kulicke & Soffa Industries KLIC 501242101 1,338 10 SH SOLE 10 0 0
Akamai Technologies, Inc. AKAM 00971T101 1,182 10 SH SOLE 10 0 0
Cisco Systems, Inc. CSCO 17275R102 1,175 10 SH SOLE 10 0 0
Palantir Technologies, Inc. Class A PLTR 69608A108 1,167 10 SH SOLE 10 0 0
Hut 8 Corp. HUT 44812J104 1,154 10 SH SOLE 10 0 0
Shopify, Inc. Class A (Canada) SHOP 82509L107 1,142 10 SH SOLE 10 0 0
EchoStar Corporation ECHO 278768106 1,015 10 SH SOLE 10 0 0
Robinhood Markets, Inc. HOOD 770700102 1,003 10 SH SOLE 10 0 0
CoreWeave, Inc. CRWV 218735108 995 10 SH SOLE 10 0 0
Sea Ltd. (Singapore) SE 81141R100 958 10 SH SOLE 10 0 0
iShares Expanded Tech-Software Sector ETF IGV 464287515 906 10 SH SOLE 10 0 0
Micro Strategy, Inc. Class A MSTR 594972408 869 10 SH SOLE 10 0 0
Affirm Holdings, Inc. Class A AFRM 00827B106 816 10 SH SOLE 10 0 0
Everpure, Inc. P 74624M102 788 10 SH SOLE 10 0 0
Stmicroelectronics Adr STM 861012102 749 10 SH SOLE 10 0 0
Roundhill Memory ETF DRAM 77926X320 739 10 SH SOLE 10 0 0
Uber Technologies, Inc. UBER 90353T100 722 10 SH SOLE 10 0 0
AXT, Inc. AXTI 00246W103 721 10 SH SOLE 10 0 0
Circle Internet Group Inc. CRCL 172573107 626 10 SH SOLE 10 0 0
Tempus AI, Inc. TEM 88023B103 579 10 SH SOLE 10 0 0
Roblox Corporation Class A RBLX 771049103 544 10 SH SOLE 10 0 0
IonQ, Inc. IONQ 46222L108 533 10 SH SOLE 10 0 0
Oklo Inc. OKLO 02156V109 523 10 SH SOLE 10 0 0
IREN Limited IREN 000018599 457 10 SH SOLE 10 0 0
Applied Digital Corporation APLD 003819207 373 10 SH SOLE 10 0 0
Zillow Group, Inc. Class C Z 98954M101 315 10 SH SOLE 10 0 0
Super Micro Computer, Inc. SMCI 86800U104 293 10 SH SOLE 10 0 0
Unity Software, Inc. U 91332U101 286 10 SH SOLE 10 0 0
Riot Platforms, Inc RIOT 767292105 274 10 SH SOLE 10 0 0
Core Scientific, Inc. CORZ 21874A106 256 10 SH SOLE 10 0 0
D-Wave Quantum Inc. QBTS 26740W109 240 10 SH SOLE 10 0 0
Rigetti Computing, Inc. RGTI 76655K103 193 10 SH SOLE 10 0 0
Fastly, Inc. FSLY 31188V100 184 10 SH SOLE 10 0 0
SoFi Technologies, Inc. SOFI 83406F102 179 10 SH SOLE 10 0 0
Rocket Companies, Inc. RKT 77311W101 158 10 SH SOLE 10 0 0
Himax Technologies, Inc. HIMX 43289P106 153 10 SH SOLE 10 0 0
CleanSpark, Inc. CLSK 18452B209 146 10 SH SOLE 10 0 0
Bitmine Immersion Technologies, Inc. BMNR 09175A206 133 10 SH SOLE 10 0 0
Quantum Computing Inc. QUBT 74766W108 97 10 SH SOLE 10 0 0
Opendoor Technologies, Inc. OPEN 683712103 46 10 SH SOLE 10 0 0