| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Tesla Motors | -454 | 436 | 2.11 | 1.10 | 890 | 7.01 | 3.60 |
| Auto Total | -454 | 436 | 2.11 | 1.10 | 890 | 7.01 | 3.60 |
| Cash on call | 0 | 0 | 12.58 | 6.54 | 0 | 10.52 | 5.41 |
| Cash on call Total | 0 | 0 | 12.58 | 6.54 | 0 | 10.52 | 5.41 |
| Archer Aviation Inc | 8,104 | 8,104 | 1.08 | 0.56 | 0 | 0.00 | 0.00 |
| Royal Caribbean Cruises Limited | -1,273 | 301 | 1.16 | 0.61 | 1,574 | 6.93 | 3.56 |
| United Airlines Holdings Inc | 2,022 | 2,022 | 2.61 | 1.36 | 0 | 0.00 | 0.00 |
| Cyclical Goods & Services Total | 8,853 | 10,427 | 4.86 | 2.52 | 1,574 | 6.93 | 3.56 |
| Constellation Energy Group Inc | -540 | 0 | 0.00 | 0.00 | 540 | 2.30 | 1.18 |
| Expand Energy Corp | 491 | 491 | 1.00 | 0.52 | 0 | 0.00 | 0.00 |
| Energy Total | -49 | 491 | 1.00 | 0.52 | 540 | 2.30 | 1.18 |
| iShares 1-3 Year Treasury Bond ETF | 2,062 | 2,062 | 3.13 | 1.63 | 0 | 0.00 | 0.00 |
| iShares MSCI USA Quality Factor ETF | 3,220 | 3,220 | 10.04 | 5.22 | 0 | 0.00 | 0.00 |
| SPDR Gold Trust ETF | 1,405 | 1,405 | 7.34 | 3.81 | 0 | 0.00 | 0.00 |
| SPDR S&P 500 ETF | 867 | 1,543 | 15.80 | 8.21 | 676 | 7.52 | 3.86 |
| VanEck Vectors Gold Miners ETF | 3,909 | 3,909 | 3.28 | 1.70 | 0 | 0.00 | 0.00 |
| Equities Total | 11,463 | 12,139 | 39.59 | 20.58 | 676 | 7.52 | 3.86 |
| KKR & Co Inc | -1,558 | 0 | 0.00 | 0.00 | 1,558 | 4.36 | 2.24 |
| Robinhood Markets Inc | 2,077 | 2,077 | 1.60 | 0.83 | 0 | 0.00 | 0.00 |
| Financial Services Total | 519 | 2,077 | 1.60 | 0.83 | 1,558 | 4.36 | 2.24 |
| DoorDash Inc | 561 | 561 | 1.88 | 0.98 | 0 | 0.00 | 0.00 |
| Food & Beverage Total | 561 | 561 | 1.88 | 0.98 | 0 | 0.00 | 0.00 |
| Foreign - Currency | 0 | 0 | 19.68 | 10.23 | 0 | 21.80 | 11.20 |
| USA - Currency | 0 | 0 | 13.55 | 7.04 | 0 | -3.21 | -1.65 |
| For Currency Total | 0 | 0 | 33.22 | 17.27 | 0 | 18.59 | 9.55 |
| Foreign - Equities | 0 | 0 | 8.03 | 4.17 | 0 | 39.66 | 20.39 |
| Foreign Invest Total | 0 | 0 | 8.03 | 4.17 | 0 | 39.66 | 20.39 |
| 3M Company | -326 | 0 | 0.00 | 0.00 | 326 | 0.79 | 0.41 |
| Axon Enterprise Inc. | -378 | 290 | 2.85 | 1.48 | 668 | 7.61 | 3.91 |
| Carnival Corporation | -5,510 | 0 | 0.00 | 0.00 | 5,510 | 2.60 | 1.34 |
| GE Vernova Inc | 314 | 314 | 1.75 | 0.91 | 0 | 0.00 | 0.00 |
| General Electric Company | -791 | 0 | 0.00 | 0.00 | 791 | 2.51 | 1.29 |
| Hims & Hers Health Inc | 2,628 | 2,628 | 1.41 | 0.73 | 0 | 0.00 | 0.00 |
| Philip Morris International | 543 | 543 | 1.55 | 0.81 | 0 | 0.00 | 0.00 |
| Goods & Services Total | -3,520 | 3,775 | 7.56 | 3.93 | 7,295 | 13.52 | 6.95 |
| Gilead Sciences Incorporated | 944 | 944 | 1.94 | 1.01 | 0 | 0.00 | 0.00 |
| Healthcare Total | 944 | 944 | 1.94 | 1.01 | 0 | 0.00 | 0.00 |
| Cadiz BCI Money Market - A | -17,289,339 | 18,806,485 | 18.97 | 9.86 | 36,095,824 | 36.34 | 18.68 |
| Granate BCI Money Market - B | 601,513 | 31,060,065 | 31.26 | 16.25 | 30,458,552 | 30.67 | 15.76 |
| Money Market Total | -16,687,826 | 49,866,550 | 50.23 | 26.11 | 66,554,376 | 67.00 | 34.44 |
| EQT Corp | 1,137 | 1,137 | 1.11 | 0.58 | 0 | 0.00 | 0.00 |
| Oil and Gas Total | 1,137 | 1,137 | 1.11 | 0.58 | 0 | 0.00 | 0.00 |
| Tapestry Inc | 2,005 | 2,005 | 2.59 | 1.35 | 0 | 0.00 | 0.00 |
| Retail Total | 2,005 | 2,005 | 2.59 | 1.35 | 0 | 0.00 | 0.00 |
| Howmet Aerospace Inc | 652 | 652 | 1.55 | 0.81 | 0 | 0.00 | 0.00 |
| Specialist Securities Total | 652 | 652 | 1.55 | 0.81 | 0 | 0.00 | 0.00 |
| AppLovin Corporation | 380 | 380 | 1.90 | 0.99 | 0 | 0.00 | 0.00 |
| BigBear.ai Holdings Inc | 27,803 | 27,803 | 1.55 | 0.81 | 0 | 0.00 | 0.00 |
| DWave Quantum Inc | 15,582 | 15,582 | 2.17 | 1.13 | 0 | 0.00 | 0.00 |
| Fortinet Inc | 764 | 764 | 1.36 | 0.71 | 0 | 0.00 | 0.00 |
| IonQ Inc | 4,176 | 4,176 | 1.75 | 0.91 | 0 | 0.00 | 0.00 |
| NuScale Power Corp | 4,431 | 4,431 | 1.22 | 0.63 | 0 | 0.00 | 0.00 |
| Nvidia Corporation | -2,097 | 0 | 0.00 | 0.00 | 2,097 | 5.44 | 2.79 |
| Palantir Technologies | -4,591 | 3,454 | 5.45 | 2.83 | 8,045 | 11.71 | 6.02 |
| Rocket Lab USA Inc | 6,548 | 6,548 | 2.24 | 1.17 | 0 | 0.00 | 0.00 |
| SoundHound AI Inc | 6,095 | 6,095 | 0.95 | 0.50 | 0 | 0.00 | 0.00 |
| Upstart Holdings Inc | 1,325 | 1,325 | 1.15 | 0.60 | 0 | 0.00 | 0.00 |
| Technology Total | 60,416 | 70,558 | 19.76 | 10.27 | 10,142 | 17.15 | 8.81 |
| AT&T Corporation | 2,172 | 2,172 | 1.13 | 0.58 | 0 | 0.00 | 0.00 |
| Telecom Total | 2,172 | 2,172 | 1.13 | 0.58 | 0 | 0.00 | 0.00 |
| Vistra Energy Corp | 753 | 753 | 1.65 | 0.86 | 0 | 0.00 | 0.00 |
| Utility Suppliers Total | 753 | 753 | 1.65 | 0.86 | 0 | 0.00 | 0.00 |
| Portfolio Total | -16,602,374 | 49,974,677 | 192.39 | 100.00 | 66,577,051 | 194.56 | 100.00 |