| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Hecla Mining Co | -19,521 | 14,297 | 4.19 | 0.93 | 33,818 | 10.90 | 3.16 |
| Basic Resources Total | -19,521 | 14,297 | 4.19 | 0.93 | 33,818 | 10.90 | 3.16 |
| Cash on call | 0 | 0 | 36.98 | 8.24 | 0 | 13.94 | 4.04 |
| Margin Account | 0 | 0 | 0.00 | 0.00 | 0 | -0.41 | -0.12 |
| Cash on call Total | 0 | 0 | 36.98 | 8.24 | 0 | 13.53 | 3.92 |
| Albemarle Corp. | 801 | 801 | 2.42 | 0.54 | 0 | 0.00 | 0.00 |
| Corning Incorporated | 426 | 426 | 0.93 | 0.21 | 0 | 0.00 | 0.00 |
| SanDisk Corporation | 590 | 590 | 5.75 | 1.28 | 0 | 0.00 | 0.00 |
| Southwest Airlines | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| Cyclical Goods & Services Total | 1,817 | 1,817 | 9.10 | 2.03 | 0 | 0.00 | 0.00 |
| iShares MSCI USA Quality Factor ETF | 26,731 | 26,731 | 84.81 | 18.89 | 0 | 0.00 | 0.00 |
| SPDR S&P 500 ETF | 2,616 | 3,953 | 42.62 | 9.50 | 1,337 | 15.22 | 4.41 |
| Equities Total | 29,347 | 30,684 | 127.43 | 28.39 | 1,337 | 15.22 | 4.41 |
| Cipher Mining Inc | -38,156 | 18,196 | 3.72 | 0.83 | 56,352 | 13.60 | 3.94 |
| Robinhood Markets Inc | -1,965 | 0 | 0.00 | 0.00 | 1,965 | 3.75 | 1.09 |
| Financial Services Total | -40,121 | 18,196 | 3.72 | 0.83 | 58,317 | 17.35 | 5.02 |
| Foreign - Currency | 0 | 0 | 0.00 | 0.00 | 0 | 76.71 | 22.21 |
| USA - Currency | 0 | 0 | 49.47 | 11.02 | 0 | 8.41 | 2.43 |
| For Currency Total | 0 | 0 | 49.47 | 11.02 | 0 | 85.12 | 24.64 |
| Foreign - Bond Derivatives | 0 | 0 | 68.26 | 15.21 | 0 | 0.00 | 0.00 |
| Foreign - Equities | 0 | 0 | 14.21 | 3.17 | 0 | 56.26 | 16.29 |
| Foreign Invest Total | 0 | 0 | 82.46 | 18.37 | 0 | 56.26 | 16.29 |
| Bloom Energy Company | -4,412 | 2,780 | 5.65 | 1.26 | 7,192 | 10.38 | 3.00 |
| Lam Research Corporation | 0 | 0 | 0.00 | 0.00 | 0 | 0.00 | 0.00 |
| QuantumScape | -36,998 | 0 | 0.00 | 0.00 | 36,998 | 6.35 | 1.84 |
| Goods & Services Total | -41,410 | 2,780 | 5.65 | 1.26 | 44,190 | 16.73 | 4.84 |
| Moderna Inc | 3,602 | 3,602 | 2.96 | 0.66 | 0 | 0.00 | 0.00 |
| Revolution Medicines Inc | 1,665 | 1,665 | 2.63 | 0.59 | 0 | 0.00 | 0.00 |
| Healthcare Total | 5,267 | 5,267 | 5.58 | 1.24 | 0 | 0.00 | 0.00 |
| Warner Bros. Discovery International | -3,494 | 0 | 0.00 | 0.00 | 3,494 | 1.67 | 0.48 |
| Media Total | -3,494 | 0 | 0.00 | 0.00 | 3,494 | 1.67 | 0.48 |
| Cadiz BCI Money Market - A | 833,441 | 48,364,752 | 48.65 | 10.84 | 47,531,311 | 47.82 | 13.84 |
| Granate BCI Money Market - B | 552,942 | 33,370,871 | 33.56 | 7.48 | 32,817,929 | 33.01 | 9.56 |
| Money Market Total | 1,386,383 | 81,735,623 | 82.21 | 18.32 | 80,349,240 | 80.83 | 23.40 |
| Wayfair Inc | -840 | 0 | 0.00 | 0.00 | 840 | 1.40 | 0.41 |
| Retail Total | -840 | 0 | 0.00 | 0.00 | 840 | 1.40 | 0.41 |
| Applied Digital Corporation | -22,861 | 7,552 | 2.64 | 0.59 | 30,413 | 12.11 | 3.51 |
| Ciena Corporation | 1,564 | 1,564 | 9.71 | 2.16 | 0 | 0.00 | 0.00 |
| Credo Technology Group Holding | -1,629 | 0 | 0.00 | 0.00 | 1,629 | 3.90 | 1.13 |
| Hut 8 Mining Corp | 880 | 1,914 | 1.39 | 0.31 | 1,034 | 0.79 | 0.23 |
| Micron Technology | 945 | 1,340 | 7.34 | 1.64 | 395 | 1.91 | 0.55 |
| Palantir Technologies | -111 | 0 | 0.00 | 0.00 | 111 | 0.33 | 0.10 |
| Planet Labs PBC | 10,544 | 10,544 | 5.00 | 1.11 | 0 | 0.00 | 0.00 |
| Rigetti Computing Inc | -9,917 | 0 | 0.00 | 0.00 | 9,917 | 3.68 | 1.06 |
| Rocket Lab USA Inc | 488 | 488 | 0.48 | 0.11 | 0 | 0.00 | 0.00 |
| Teradyne Incorporated | 1,428 | 1,428 | 6.71 | 1.50 | 0 | 0.00 | 0.00 |
| Western Digital Corporation | -5,124 | 1,817 | 7.78 | 1.73 | 6,941 | 20.21 | 5.85 |
| Technology Total | -23,793 | 26,647 | 41.05 | 9.15 | 50,440 | 42.94 | 12.43 |
| AST SpaceMobile Inc | -2,035 | 790 | 0.99 | 0.22 | 2,825 | 3.49 | 1.01 |
| Telecom Total | -2,035 | 790 | 0.99 | 0.22 | 2,825 | 3.49 | 1.01 |
| Portfolio Total | 1,291,600 | 81,836,101 | 448.83 | 100.00 | 80,544,501 | 345.44 | 100.00 |