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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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
NVIDIA Corp. COM 67066G104 29,547,804 129,380 SH SOLE 129,380 0 0
Taiwan Semiconductor Manufacturing Company Ltd. ADR ADR 874039100 26,413,401 57,900 SH SOLE 57,900 0 0
Lam Research Corp. COM 512807306 19,989,834 60,850 SH SOLE 60,850 0 0
Lumentum Holdings Inc. COM 55024U109 19,920,543 20,510 SH SOLE 20,510 0 0
Micron Technology, Inc. COM 595112103 16,711,576 15,690 SH SOLE 15,690 0 0
Marvell Technology, Inc. COM 573874104 16,632,020 62,950 SH SOLE 62,950 0 0
Advanced Micro Devices, Inc. COM 007903107 16,584,814 27,110 SH SOLE 27,110 0 0
Intel Corp. COM 458140100 16,448,666 136,810 SH SOLE 136,810 0 0
Nebius Group N.V. COM N97284108 16,403,095 69,540 SH SOLE 69,540 0 0
Bloom Energy Corporation COM 093712107 16,363,978 59,080 SH SOLE 59,080 0 0
Astera Labs, Inc. COM 04626A103 16,328,344 45,870 SH SOLE 45,870 0 0
Semtech Corp. COM 816850101 15,783,975 88,500 SH SOLE 88,500 0 0
Aehr Test Systems, Inc. COM 00760J108 15,432,134 154,910 SH SOLE 154,910 0 0
Tower Semiconductor Ltd. COM M87915274 15,333,331 67,420 SH SOLE 67,420 0 0
Palantir Technologies, Inc. Class A CL A 69608A108 13,471,341 72,020 SH SOLE 72,020 0 0
Celestica Inc. COM 15101Q207 13,445,196 37,200 SH SOLE 37,200 0 0
Space Exploration Technologies Corp. Class A CL A 84615Q103 13,200,250 87,500 SH SOLE 87,500 0 0
KLA Corporation COM 482480100 9,982,365 51,210 SH SOLE 51,210 0 0
DigitalOcean Holdings, Inc. COM 25402D102 6,525,439 48,920 SH SOLE 48,920 0 0
MaxLinear, Inc. COM 57776J100 6,486,967 71,830 SH SOLE 71,830 0 0
ASML Holding N.V. ADR ADR N07059210 18,117 10 SH SOLE 10 0 0
MercadoLibre, Inc. (Argentina) COM 58733R102 17,285 10 SH SOLE 10 0 0
Palo Alto Networks, Inc. COM 697435105 16,687 42 SH SOLE 42 0 0
Monolithic Power Systems, Inc. COM 609839105 13,472 10 SH SOLE 10 0 0
Equinix, Inc. COM 29444U700 10,116 10 SH SOLE 10 0 0
GE Vernova Inc. COM 36828A101 9,505 10 SH SOLE 10 0 0
Segate Technology COM G7997R103 9,223 10 SH SOLE 10 0 0
Invesco QQQ ETF SHS 46090E103 7,398 10 SH SOLE 10 0 0
Meta Platforms, Inc. Class A CL A 30303M102 7,252 10 SH SOLE 10 0 0
Netflix, Inc. COM 64110L106 6,958 100 SH SOLE 100 0 0
ServiceNow, Inc. COM 81762P102 6,701 50 SH SOLE 50 0 0
SiTime Corporation COM 82982T106 6,520 10 SH SOLE 10 0 0
VanEck Semiconductor ETF SHS 92189F676 6,090 10 SH SOLE 10 0 0
Dell Technologies, Inc. CL C 24703L202 5,380 10 SH SOLE 10 0 0
Microsoft Corp. COM 594918104 5,129 10 SH SOLE 10 0 0
Applied Materials, Inc. COM 038222105 5,114 10 SH SOLE 10 0 0
Western Digital Corp. COM 958102105 4,545 10 SH SOLE 10 0 0
Eaton Corporation PLC COM G29183103 4,297 10 SH SOLE 10 0 0
Teradyne, Inc. COM 880770102 4,009 10 SH SOLE 10 0 0
Argan, Inc. COM 04010E109 3,780 10 SH SOLE 10 0 0
Tesla, Inc. COM 88160R101 3,548 10 SH SOLE 10 0 0
Ciena Corp. COM 171779309 3,518 10 SH SOLE 10 0 0
Broadcom Ltd. COM 11135F101 3,512 10 SH SOLE 10 0 0
MongoDB, Inc. Class A CL A 60937P106 3,486 10 SH SOLE 10 0 0
Cloudflare, Inc. Class A CL A 18915M107 3,473 10 SH SOLE 10 0 0
Alphabet, Inc. Class A CL A 02079K305 3,441 10 SH SOLE 10 0 0
Snowflake, Inc. Class A CL A 833445109 3,396 10 SH SOLE 10 0 0
Apple, Inc. COM 037833100 3,330 10 SH SOLE 10 0 0
Texas Pacific Land Corporation COM 88262P102 3,258 10 SH SOLE 10 0 0
Carvana Co. Class A CL A 146869102 3,127 50 SH SOLE 50 0 0
Talen Energy Corporation COM 87422Q109 3,127 10 SH SOLE 10 0 0
GE Aerospace COM 369604301 3,123 10 SH SOLE 10 0 0
AppLovin Corporation CL A 03831W108 2,904 10 SH SOLE 10 0 0
Arm Holdings plc ADR 042068205 2,897 10 SH SOLE 10 0 0
Coherent Corp. COM 19247G107 2,878 10 SH SOLE 10 0 0
Jabil Circuit COM 466313103 2,869 10 SH SOLE 10 0 0
Silicon Motion Technology Corporation ADR 82706C108 2,800 10 SH SOLE 10 0 0
Datadog, Inc. Class A CL A 23804L103 2,739 10 SH SOLE 10 0 0
CrowdStrike Holdings, Inc. Class A CL A 22788C105 2,648 10 SH SOLE 10 0 0
Constellation Energy Corporation COM 21037T109 2,540 10 SH SOLE 10 0 0
Amazon.com, Inc. COM 023135106 2,492 10 SH SOLE 10 0 0
Vertiv Holdings Co COM 92537N108 2,413 10 SH SOLE 10 0 0
Netapp, Inc. COM 64110D104 2,101 10 SH SOLE 10 0 0
Okta, Inc. Class A CL A 679295105 2,091 10 SH SOLE 10 0 0
Arista Networks, Inc. COM 040413205 2,036 10 SH SOLE 10 0 0
Zscaler, Inc. COM 98980G102 1,994 10 SH SOLE 10 0 0
Credo Technology Group Holding LTD COM G25457105 1,948 10 SH SOLE 10 0 0
Coinbase Global, Inc. Class A CL A 19260Q107 1,864 10 SH SOLE 10 0 0
Qualcomm, Inc. COM 747525103 1,840 10 SH SOLE 10 0 0
DoorDash, Inc. Class A CL A 25809K105 1,836 10 SH SOLE 10 0 0
Cerebras Systems Inc. Class A CL A 15675D103 1,777 10 SH SOLE 10 0 0
Amphenol Corporation COM 032095101 1,686 20 SH SOLE 20 0 0
Corning Inc. Glass Works COM 219350105 1,538 10 SH SOLE 10 0 0
Micro Strategy, Inc. Class A CL A 594972408 1,531 10 SH SOLE 10 0 0
Roku, Inc. Class A CL A 77543R102 1,523 10 SH SOLE 10 0 0
Shopify, Inc. Class A (Canada) CL A 82509L107 1,483 10 SH SOLE 10 0 0
Reddit, Inc. CL A 75734B100 1,424 10 SH SOLE 10 0 0
Vistra Corp. COM 92840M102 1,384 10 SH SOLE 10 0 0
Oracle Corp. COM 68389X105 1,373 10 SH SOLE 10 0 0
BWX Technologies, Inc. COM 05605H100 1,370 10 SH SOLE 10 0 0
Robinhood Markets, Inc. CL A 770700102 1,125 10 SH SOLE 10 0 0
Cisco Systems, Inc. COM 17275R102 1,076 10 SH SOLE 10 0 0
iShares Expanded Tech-Software Sector ETF SHS 464287515 1,065 10 SH SOLE 10 0 0
Akamai Technologies, Inc. COM 00971T101 1,064 10 SH SOLE 10 0 0
Applied Optoelectronics, Inc. COM 03823U102 993 10 SH SOLE 10 0 0
Sea Ltd. (Singapore) ADR 81141R100 974 10 SH SOLE 10 0 0
Kulicke & Soffa Industries COM 501242101 943 10 SH SOLE 10 0 0
EchoStar Corporation COM 278768106 894 10 SH SOLE 10 0 0
Hut 8 Corp. COM 44812J104 861 10 SH SOLE 10 0 0
Tempus AI, Inc. COM 88023B103 819 10 SH SOLE 10 0 0
AXT, Inc. COM 00246W103 774 10 SH SOLE 10 0 0
Rocket Lab Corporation COM 773121108 697 10 SH SOLE 10 0 0
Affirm Holdings, Inc. Class A CL A 00827B106 692 10 SH SOLE 10 0 0
Uber Technologies, Inc. COM 90353T100 685 10 SH SOLE 10 0 0
Roundhill Memory ETF SHS 77926X320 604 10 SH SOLE 10 0 0
Stmicroelectronics Adr ADR 861012102 534 10 SH SOLE 10 0 0
Amkor Technology, Inc. COM 031652100 524 10 SH SOLE 10 0 0
ishares Bitcoin Trust UNITS 46438F101 473 10 SH SOLE 10 0 0
IonQ, Inc. COM 46222L108 439 10 SH SOLE 10 0 0
Roblox Corporation Class A CL A 771049103 424 10 SH SOLE 10 0 0
Super Micro Computer, Inc. COM 86800U302 411 10 SH SOLE 10 0 0
Unity Software, Inc. COM 91332U101 409 10 SH SOLE 10 0 0
IREN Limited COM Q4982L109 409 10 SH SOLE 10 0 0
Oklo Inc. COM 02156V109 370 10 SH SOLE 10 0 0
Zillow Group, Inc. Class C CL C 98954M200 271 10 SH SOLE 10 0 0
Bitmine Immersion Technologies, Inc. COM 09175A206 264 10 SH SOLE 10 0 0
Fastly, Inc. COM 31188V100 257 10 SH SOLE 10 0 0
Applied Digital Corporation COM 038169207 244 10 SH SOLE 10 0 0
Roundhill Neocloud ETF SHS 77926Y880 235 10 SH SOLE 10 0 0
Riot Platforms, Inc COM 767292105 202 10 SH SOLE 10 0 0
iShares Ethereum Trust UNITS 46438R105 201 10 SH SOLE 10 0 0
D-Wave Quantum Inc. COM 26740W109 166 10 SH SOLE 10 0 0
Core Scientific, Inc. COM 21874A106 160 10 SH SOLE 10 0 0
Rigetti Computing, Inc. COM 76655K103 157 10 SH SOLE 10 0 0
SoFi Technologies, Inc. COM 83406F102 157 10 SH SOLE 10 0 0
Himax Technologies, Inc. ADR 43289P106 141 10 SH SOLE 10 0 0
CleanSpark, Inc. COM 18452B209 129 10 SH SOLE 10 0 0
Rocket Companies, Inc. CL A 77311W101 115 10 SH SOLE 10 0 0
Quantum Computing Inc. COM 74766W108 85 10 SH SOLE 10 0 0
Opendoor Technologies, Inc. COM 683712103 24 10 SH SOLE 10 0 0