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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | Husqvarna AB | $37.2M | 1003800 | 25.40% |
| 2 | Novo Nordisk A/S | $12.7M | 54800 | 8.65% |
| 3 | Target Corp | $7.1M | 58800 | 4.87% |
| 4 | Advance Auto Parts Inc | $6.7M | 126178 | 4.55% |
| 5 | United Parcel Service Inc | $5.8M | 58800 | 3.95% |
| 6 | Kyndryl Holdings Inc | $5.1M | 386000 | 3.46% |
| 7 | SMA Solar Technology AG | $4.4M | 94800 | 2.98% |
| 8 | Pfizer Inc | $4.0M | 142800 | 2.74% |
| 9 | Nine Energy Service Inc | $3.7M | 455058 | 2.55% |
| 10 | Adobe Inc | $3.4M | 13800 | 2.29% |
| 11 | Versant Media Group Inc | $3.1M | 84578 | 2.14% |
| 12 | TripAdvisor Inc | $3.0M | 284113 | 2.07% |
| 13 | Workday Inc | $2.8M | 21800 | 1.94% |
| 14 | easyJet plc | $2.8M | 800000 | 1.90% |
| 15 | Ww International Inc | $2.7M | 198215 | 1.86% |
| 16 | Nebius Group NV | $2.6M | 25000 | 1.77% |
| 17 | ALPHABET INC | $2.5M | 8800 | 1.72% |
| 18 | Cannae Holdings Inc | $2.4M | 214848 | 1.67% |
| 19 | NGL Energy Partners LP | $2.2M | 180927 | 1.52% |
| 20 | Deutsche Lufthansa AG | $2.2M | 308000 | 1.51% |
| 21 | Seritage Growth Properties | $2.1M | 750447 | 1.44% |
| 22 | MagnaChip Semiconductor Corp | $2.1M | 733954 | 1.40% |
| 23 | Newell Brands Inc | $1.9M | 559097 | 1.31% |
| 24 | VEON Ltd | $1.8M | 38880 | 1.23% |
| 25 | Kenvue Inc | $1.8M | 102800 | 1.21% |
| 26 | Lyft Inc | $1.6M | 119915 | 1.09% |
| 27 | Hesai Group | $1.2M | 8800 | 0.85% |
| 28 | Spartan Delta Corp | $1.2M | 92800 | 0.82% |
| 29 | Natural Resource Partners LP | $1.2M | 9800 | 0.81% |
| 30 | Callaway Golf Company | $1.2M | 83092 | 0.79% |
| 31 | iShares MSCI Hong Kong ETF | $1.1M | 48800 | 0.77% |
| 32 | KraneShares CSI China Internet ETF | $1.1M | 38800 | 0.75% |
| 33 | Alibaba Group Holding Ltd | $738K | 5880 | 0.50% |
| 34 | Gran Tierra Energy Inc | $732K | 81610 | 0.50% |
| 35 | SunPower Inc | $668K | 526164 | 0.46% |
| 36 | Quantum Corp | $590K | 124086 | 0.40% |
| 37 | Mhp Se | $569K | 75800 | 0.39% |
| 38 | Pandora A/S | $567K | 1250 | 0.39% |
| 39 | Jones Lang LaSalle Inc | $548K | 1800 | 0.37% |
| 40 | Monro Muffler Brake Inc | $527K | 32880 | 0.36% |
| 41 | Gore Street Energy Storage Fund Plc | $475K | 878639 | 0.32% |
| 42 | JD.com Inc | $467K | 15800 | 0.32% |
| 43 | Vital Farms Inc | $400K | 28318 | 0.27% |
| 44 | Alliance Resource Partners LP | $377K | 13624 | 0.26% |
| 45 | Carmax Inc | $324K | 7800 | 0.22% |
| 46 | Apple Inc | $284K | 1120 | 0.19% |
| 47 | Penn Entertainment Inc | $280K | 18600 | 0.19% |
| 48 | Logan Energy Corp | $259K | 270000 | 0.18% |
| 49 | Coelacanth Energy Inc | $217K | 258000 | 0.15% |
| 50 | Macy's Inc | $213K | 11800 | 0.15% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.