| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Tesla Motors | -436 | 0 | 0.00 | 0.00 | 436 | 2.11 | 1.10 |
| Auto Total | -436 | 0 | 0.00 | 0.00 | 436 | 2.11 | 1.10 |
| Cash on call | 0 | 0 | 7.97 | 3.33 | 0 | 12.58 | 6.54 |
| Margin Account | 0 | 0 | 0.53 | 0.22 | 0 | 0.00 | 0.00 |
| Cash on call Total | 0 | 0 | 8.50 | 3.55 | 0 | 12.58 | 6.54 |
| Archer Aviation Inc | 20,285 | 28,389 | 5.28 | 2.20 | 8,104 | 1.08 | 0.56 |
| Royal Caribbean Cruises Limited | -301 | 0 | 0.00 | 0.00 | 301 | 1.16 | 0.61 |
| United Airlines Holdings Inc | -2,022 | 0 | 0.00 | 0.00 | 2,022 | 2.61 | 1.36 |
| Cyclical Goods & Services Total | 17,962 | 28,389 | 5.28 | 2.20 | 10,427 | 4.86 | 2.52 |
| Expand Energy Corp | -491 | 0 | 0.00 | 0.00 | 491 | 1.00 | 0.52 |
| Energy Total | -491 | 0 | 0.00 | 0.00 | 491 | 1.00 | 0.52 |
| iShares 1-3 Year Treasury Bond ETF | 3,039 | 5,101 | 7.51 | 3.13 | 2,062 | 3.13 | 1.63 |
| iShares MSCI USA Quality Factor ETF | -539 | 2,681 | 8.66 | 3.61 | 3,220 | 10.04 | 5.22 |
| SPDR Gold Trust ETF | -1,405 | 0 | 0.00 | 0.00 | 1,405 | 7.34 | 3.81 |
| SPDR S&P 500 ETF | 681 | 2,224 | 24.34 | 10.15 | 1,543 | 15.80 | 8.21 |
| VanEck Vectors Gold Miners ETF | 4,209 | 8,118 | 7.32 | 3.05 | 3,909 | 3.28 | 1.70 |
| Equities Total | 5,985 | 18,124 | 47.83 | 19.95 | 12,139 | 39.59 | 20.58 |
| Robinhood Markets Inc | 4,097 | 6,174 | 9.11 | 3.80 | 2,077 | 1.60 | 0.83 |
| Financial Services Total | 4,097 | 6,174 | 9.11 | 3.80 | 2,077 | 1.60 | 0.83 |
| DoorDash Inc | -561 | 0 | 0.00 | 0.00 | 561 | 1.88 | 0.98 |
| Food & Beverage Total | -561 | 0 | 0.00 | 0.00 | 561 | 1.88 | 0.98 |
| Foreign - Currency | 0 | 0 | 47.25 | 19.71 | 0 | 19.68 | 10.23 |
| USA - Currency | 0 | 0 | 13.93 | 5.81 | 0 | 13.55 | 7.04 |
| For Currency Total | 0 | 0 | 61.19 | 25.52 | 0 | 33.22 | 17.27 |
| Foreign - Equities | 0 | 0 | 14.83 | 6.18 | 0 | 8.03 | 4.17 |
| Foreign Invest Total | 0 | 0 | 14.83 | 6.18 | 0 | 8.03 | 4.17 |
| Axon Enterprise Inc. | -278 | 12 | 0.17 | 0.07 | 290 | 2.85 | 1.48 |
| GE Vernova Inc | -314 | 0 | 0.00 | 0.00 | 314 | 1.75 | 0.91 |
| Hims & Hers Health Inc | 2,711 | 5,339 | 4.69 | 1.96 | 2,628 | 1.41 | 0.73 |
| Philip Morris International | -524 | 19 | 0.06 | 0.03 | 543 | 1.55 | 0.81 |
| Roblox Corporation | 326 | 326 | 0.61 | 0.26 | 0 | 0.00 | 0.00 |
| Goods & Services Total | 1,921 | 5,696 | 5.54 | 2.31 | 3,775 | 7.56 | 3.93 |
| Gilead Sciences Incorporated | -944 | 0 | 0.00 | 0.00 | 944 | 1.94 | 1.01 |
| Healthcare Total | -944 | 0 | 0.00 | 0.00 | 944 | 1.94 | 1.01 |
| Cadiz BCI Money Market - A | 406,084 | 19,212,569 | 19.33 | 8.06 | 18,806,485 | 18.97 | 9.86 |
| Granate BCI Money Market - B | 597,195 | 31,657,260 | 31.85 | 13.28 | 31,060,065 | 31.26 | 16.25 |
| Money Market Total | 1,003,279 | 50,869,829 | 51.18 | 21.35 | 49,866,550 | 50.23 | 26.11 |
| EQT Corp | -1,137 | 0 | 0.00 | 0.00 | 1,137 | 1.11 | 0.58 |
| Oil and Gas Total | -1,137 | 0 | 0.00 | 0.00 | 1,137 | 1.11 | 0.58 |
| Tapestry Inc | -2,005 | 0 | 0.00 | 0.00 | 2,005 | 2.59 | 1.35 |
| Retail Total | -2,005 | 0 | 0.00 | 0.00 | 2,005 | 2.59 | 1.35 |
| Howmet Aerospace Inc | -618 | 34 | 0.11 | 0.05 | 652 | 1.55 | 0.81 |
| Specialist Securities Total | -618 | 34 | 0.11 | 0.05 | 652 | 1.55 | 0.81 |
| AppLovin Corporation | 677 | 1,057 | 6.27 | 2.62 | 380 | 1.90 | 0.99 |
| BigBear.ai Holdings Inc | -27,803 | 0 | 0.00 | 0.00 | 27,803 | 1.55 | 0.81 |
| DWave Quantum Inc | -15,582 | 0 | 0.00 | 0.00 | 15,582 | 2.17 | 1.13 |
| Fortinet Inc | -764 | 0 | 0.00 | 0.00 | 764 | 1.36 | 0.71 |
| IonQ Inc | 4,053 | 8,229 | 5.89 | 2.46 | 4,176 | 1.75 | 0.91 |
| NuScale Power Corp | 266 | 4,697 | 3.19 | 1.33 | 4,431 | 1.22 | 0.63 |
| Palantir Technologies | 62 | 3,516 | 8.17 | 3.41 | 3,454 | 5.45 | 2.83 |
| Rocket Lab USA Inc | 9,717 | 16,265 | 10.23 | 4.27 | 6,548 | 2.24 | 1.17 |
| SoundHound AI Inc | 7,169 | 13,264 | 2.32 | 0.97 | 6,095 | 0.95 | 0.50 |
| Upstart Holdings Inc | -1,325 | 0 | 0.00 | 0.00 | 1,325 | 1.15 | 0.60 |
| Zscaler Inc | 19 | 19 | 0.11 | 0.04 | 0 | 0.00 | 0.00 |
| Technology Total | -23,511 | 47,047 | 36.18 | 15.09 | 70,558 | 19.76 | 10.27 |
| AT&T Corporation | -2,172 | 0 | 0.00 | 0.00 | 2,172 | 1.13 | 0.58 |
| Telecom Total | -2,172 | 0 | 0.00 | 0.00 | 2,172 | 1.13 | 0.58 |
| Vistra Energy Corp | -753 | 0 | 0.00 | 0.00 | 753 | 1.65 | 0.86 |
| Utility Suppliers Total | -753 | 0 | 0.00 | 0.00 | 753 | 1.65 | 0.86 |
| Portfolio Total | 1,000,616 | 50,975,293 | 239.76 | 100.00 | 49,974,677 | 192.39 | 100.00 |