Headlands Technologies Portfolio holdings

AUM $877M

AUM

$877M

AUM Growth

-$118M (-12%)

Cap. Flow

+$231M

Cap. Flow % of AUM

26.35%

Top 10 Holdings %Top 10 Hldgs %

20.14%

Holding

1,607

New

447

Increased

325

Reduced

323

Closed

506

Top Buys

1	Meta Platforms (Facebook) META	$27.6M
2	Alphabet (Google) Class A GOOGL	$18.4M
3	Intuitive Surgical ISRG	$14.3M
4	SPDR Gold Trust GLD	$12.7M
5	Alphabet (Google) Class C GOOG	$10.7M

Top Sells

1	SPDR S&P 500 ETF Trust SPY	$37.2M
2	Vanguard S&P 500 ETF VOO	$17.3M
3	Bank of America BAC	$10.4M
4	Exxon Mobil XOM	$9.16M
5	Chevron CVX	$8.99M

Sector Composition

1	Technology	23.31%
2	Healthcare	11.72%
3	Communication Services	10.76%
4	Consumer Discretionary	10.43%
5	Financials	10.21%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1201	1201 Yext YEXT $1.08B	$0	0%	0 -762	Closed	–
1202	1202 YPF YPF $13.3B	$0	0%	0 -26,281	Closed	–
1203	1203 Zillow ZG $16.8B	$0	0%	0 -3,807	Closed	–
1204	1204 ZIM Integrated Shipping Services ZIM $2.09B	$0	0%	0 -80,431	Closed	–
1205	1205 Zai Lab ZLAB $4.15B	$0	0%	0 -210	Closed	–
1206	1206 Zscaler ZS $46.7B	$0	0%	0 -13,423	Closed	–
1207	1207 Zoetis ZTS $73.3B	$0	0%	0 -4,436	Closed	–
1208	1208 Astera Labs ALAB $15.2B	$0	0%	0 -1,165	Closed	–
1209	1209 Trump Media & Technology Group DJT $5.88B	$0	0%	0 -3,954	Closed	–
1210	NNE 1210 Nano Nuclear Energy NNE $1.29B	$0	0%	0 -209	Closed	–
1211	CNH 1211 CNH Industrial CNH $16.1B	$0	0%	0 -7,148	Closed	–
1212	ONIT 1212 Onity Group Inc. ONIT $298M	$0	0%	0 -193	Closed	–
1213	SGI 1213 Somnigroup International Inc. SGI $13.7B	$0	0%	0 -360	Closed	–
1214	FNGA 1214 DELISTED MicroSectors FANG+ Index 3X Leveraged ETNs due January 8, 2038 FNGA	$0	0%	0 -915	Closed	–
1215	JOYY 1215 JOYY Inc. American Depositary Shares JOYY $2.53B	$0	0%	0 -3,657	Closed	–
1216	BECN 1216 DELISTED Beacon Roofing Supply, Inc. BECN	$0	0%	0 -35,571	Closed	–
1217	NVRO 1217 DELISTED NEVRO CORP. NVRO	$0	0%	0 -12,120	Closed	–
1218	ALTM 1218 DELISTED Arcadium Lithium plc ALTM	$0	0%	0 -1,740	Closed	–
1219	HCP 1219 DELISTED HashiCorp, Inc. Class A Common Stock HCP	$0	0%	0 -30,106	Closed	–
1220	ENLC 1220 DELISTED ENLINK MIDSTREAM, LLC ENLC	$0	0%	0 -1,382	Closed	–
1221	1221 Lincoln National LNC $5.71B	$0	0%	0 -1,112	Closed	–
1222	1222 Light & Wonder LNW $7.46B	$0	0%	0 -6,341	Closed	–
1223	1223 Lightspeed Commerce LSPD $1.6B	$0	0%	0 -608	Closed	–
1224	1224 Lloyds Banking Group LYG $62.9B	$0	0%	0 -19,357	Closed	–
1225	1225 LegalZoom.com LZ $1.69B	$0	0%	0 -3	Closed	–