GCP

GSA Capital Partners Portfolio holdings

AUM $1.43B

1-Year Return 20.34%

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

+4.94%

1 Year Return

+20.34%

3 Year Return

+63.52%

5 Year Return

+120%

10 Year Return

+237.47%

AUM

$1.35B

AUM Growth

+$25.5M (+1.9%)

Cap. Flow

-$626K

Cap. Flow % of AUM

-0.05%

Top 10 Holdings % Top 10 Hldgs %

12.05%

Holding

2,121

New

584

Increased

441

Reduced

528

Closed

563

Top Buys

1	iShares Core S&P 500 ETF IVV	+$97.2M
2	Apple AAPL	+$8.26M
3	Costco COST	+$6.54M
4	Tesla TSLA	+$5.89M
5	iShares 20+ Year Treasury Bond ETF TLT	+$5.19M

Top Sells

1	Lemonade LMND	+$5.33M
2	Porch Group PRCH	+$4.71M
3	Remitly RELY	+$4.48M
4	Magnite MGNI	+$3.97M
5	Monro MNRO	+$3.65M

Sector Composition

1	Technology	16.48%
2	Healthcare	13.01%
3	Financials	12.33%
4	Consumer Discretionary	12.19%
5	Industrials	9.81%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1201	1201 Xencor XNCR $603M	$301K	0.02%	+13,119	New	+$301K
1202	1202 Arcos Dorados Holdings ARCO $1.48B	$300K	0.02%	41,148 -7,657	-16%	-$55.8K
1203	1203 iShares US Pharmaceuticals ETF IHE $584M	$300K	0.02%	4,561 +1,515	+50%	+$99.6K
1204	1204 Bristow Group VTOL $1.09B	$300K	0.02%	+8,734	New	+$300K
1205	1205 Watsco WSO $16.1B	$300K	0.02%	633 -1,322	-68%	-$627K
1206	AISP 1206 Airship AI Holdings AISP $145M	$299K	0.02%	+47,762	New	+$299K
1207	1207 American Express AXP $229B	$298K	0.02%	1,005 -1,650	-62%	-$489K
1208	1208 Johnson Controls International JCI $70.9B	$298K	0.02%	+3,776	New	+$298K
1209	1209 NN Inc NNBR $118M	$298K	0.02%	91,246 +29,348	+47%	+$95.8K
1210	1210 Palo Alto Networks PANW $133B	$298K	0.02%	1,638 +286	+21%	+$52K
1211	1211 Winnebago Industries WGO $979M	$298K	0.02%	+6,234	New	+$298K
1212	1212 Bloom Energy BE $15.8B	$297K	0.02%	13,357 -12,043	-47%	-$268K
1213	1213 Hilton Worldwide HLT $65.4B	$297K	0.02%	1,203 +224	+23%	+$55.3K
1214	1214 Idexx Laboratories IDXX $51.5B	$296K	0.02%	+717	New	+$296K
1215	1215 RingCentral RNG $2.82B	$296K	0.02%	8,443 -3,090	-27%	-$108K
1216	1216 Boston Scientific BSX $155B	$295K	0.02%	+3,299	New	+$295K
1217	1217 MSCI MSCI $45.1B	$295K	0.02%	+491	New	+$295K
1218	1218 Vaxcyte PCVX $4.25B	$293K	0.02%	+3,584	New	+$293K
1219	1219 PENN Entertainment PENN $2.94B	$293K	0.02%	+14,797	New	+$293K
1220	1220 Tucows TCX $202M	$293K	0.02%	17,087 -18,128	-51%	-$311K
1221	1221 Waterstone Financial WSBF $276M	$293K	0.02%	21,812 +1,996	+10%	+$26.8K
1222	1222 Fiserv FI $73.9B	$292K	0.02%	1,422 -1,058	-43%	-$217K
1223	1223 Main Street Capital MAIN $5.96B	$292K	0.02%	+4,983	New	+$292K
1224	1224 DNOW Inc DNOW $1.64B	$291K	0.02%	+22,339	New	+$291K
1225	1225 Hercules Capital HTGC $3.53B	$291K	0.02%	+14,494	New	+$291K