DCM

Difesa Capital Management Portfolio holdings

AUM $38.1M

AUM

$38.1M

AUM Growth

-$67.8M (-64%)

Cap. Flow

-$848K

Cap. Flow % of AUM

-2.23%

Top 10 Holdings %Top 10 Hldgs %

78.69%

Holding

212

New

Increased

Reduced

Closed

173

Top Buys

1	Acacia Research ACTG	$699K
2	Pacific Biosciences PACB	$488K
3	Alliance Resource Partners ARLP	$281K
4	Tesla TSLA	$255K
5	Microsoft MSFT	$198K

Top Sells

1	Immatics N.V. Warrants IMTXW	$1.12M
2	MMP Magellan Midstream Partners, L.P. MMP	$968K
3	Evolv Technologies EVLV	$809K
4	BioMarin Pharmaceuticals BMRN	$191K
5	Cameco CCJ	$97.1K

Sector Composition

1	Energy	29.74%
2	Consumer Discretionary	16.95%
3	Technology	16.14%
4	Industrials	14.84%
5	Financials	14.84%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
101	101 MultiSensor AI Holdings, Inc. Warrant MSAIW	$0	0%	0 -112,500	Closed	–
102	102 PLAYSTUDIOS, Inc. Warrant MYPSW	$0	0%	0 -277,797	Closed	–
103	103 Perfect Corp. Warrants, each exercisable for one Class A Ordinary Share at a price of $11.50 per share PERF.WS	$0	0%	0 -116,699	Closed	–
104	104 The RealReal REAL $639M	$0	0%	0	–	–
105	105 Spring Valley Acquisition Corp. II Rights SVIIR	$0	0%	0 -150,000	Closed	–
106	106 Spring Valley Acquisition Corp II SVII $116M	$0	0%	0 -150,000	Closed	–
107	107 Spring Valley Acquisition Corp. II Warrant SVIIW	$0	0%	0 -75,000	Closed	–
108	108 GeneDx Holdings WGS $2.03B	$0	0%	0 -250,000	Closed	–
109	WGSWW 109 GeneDx Holdings Corp. Warrant WGSWW $1.99M	$0	0%	0 -765,589	Closed	–
110	ZCARW 110 DELISTED Zoomcar Holdings, Inc. Warrants ZCARW	$0	0%	0 -87,500	Closed	–
111	111 DIH Holding US, Inc. Warrants DHAIW $519K	$0	0%	0 -85,000	Closed	–
112	112 CERo Therapeutics Holdings, Inc. Warrants CEROW $3.12M	$0	0%	0 -62,500	Closed	–
113	113 Tevogen Bio Holdings Inc. Warrant TVGNW $9.58M	$0	0%	0 -50,000	Closed	–
114	ZEOWW 114 Zeo Energy Corporation Warrants ZEOWW $470K	$0	0%	0 -62,500	Closed	–
115	AIRJ 115 Montana Technologies Corp AIRJ $231M	$0	0%	0 -150,000	Closed	–
116	AIRJW 116 AirJoule Technologies Corporation Warrant AIRJW $29.3M	$0	0%	0 -75,000	Closed	–
117	BSLKW 117 Bolt Projects Holdings, Inc. Warrant BSLKW	$0	0%	0 -41,633	Closed	–
118	DEVS 118 DevvStream Corp. Common Stock DEVS $14.6M	$0	0%	0 -70,000	Closed	–
119	MSPRZ 119 MSP Recovery, Inc. Warrant MSPRZ	$0	0%	0 -44,164	Closed	–
120	AMPS 120 DELISTED Altus Power, Inc. AMPS	$0	0%	0 -15,000	Closed	–
121	SKGR 121 DELISTED SK Growth Opportunities Corporation Class A Common Stock SKGR	$0	0%	0 -163,000	Closed	–
122	ETWO.WS 122 DELISTED E2open Parent Holdings, Inc. Warrants, each whole warrant exercisable for one Class A Common Stock at an exercise price of $11.50 ETWO.WS	$0	0%	0 -533,222	Closed	–
123	PLAO 123 DELISTED Patria Latin American Opportunity Acquisition Corp. Class A Ordinary Shares PLAO	$0	0%	0 -40,000	Closed	–
124	PNST 124 DELISTED Pinstripes Holdings, Inc. PNST	$0	0%	0 -320,000	Closed	–
125	NKGN 125 DELISTED NKGen Biotech, Inc. Common Stock NKGN	$0	0%	0 -53,117	Closed	–