NRD

Nebula Research & Development Portfolio holdings

AUM $1.17B

1-Year Est. Return 15.19%

This Quarter Est. Return

1 Year Est. Return

+15.19%

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$1.08B

AUM Growth

+$230M (+27%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

1,185

New

Increased

Reduced

Closed

Top Buys

1		+$4.84M
2		+$4.83M
3		+$4.82M
4	Urban Outfitters URBN	+$4.73M
5	American Electric Power AEP	+$4.64M

Top Sells

1		+$3.85M
2		+$3.83M
3		+$3.78M
4	DoorDash DASH	+$3.75M
5	CAVA Group CAVA	+$3.73M

Sector Composition

1	Technology	17.74%
2	Consumer Discretionary	15.08%
3	Industrials	15.01%
4	Healthcare	12.04%
5	Financials	10.99%

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
376	376 Colliers International CIGI $8.07B	$994K	0.09%	8,196 +3,665
377	377 Wolfspeed WOLF $614M	$993K	0.09%	324,530 +181,210
378	378 Halliburton HAL $22.9B	$991K	0.09%	+39,061
379	379 Marten Transport MRTN $823M	$985K	0.09%	71,802 +29,385
380	380 Crescent Energy CRGY $2.17B	$982K	0.09%	87,400 -11,622
381	381 Axcelis ACLS $2.6B	$982K	0.09%	19,767 +11,755
382	382 IQVIA IQV $36.4B	$981K	0.09%	+5,566
383	SAFE 383 Safehold SAFE $1.04B	$980K	0.09%	+52,357
384	384 Global Ship Lease GSL $1.13B	$980K	0.09%	42,868 +21,530
385	385 Wayfair W $13.5B	$978K	0.09%	30,534 -1,582
386	386 AvePoint AVPT $3B	$978K	0.09%	67,721 +18,127
387	387 EnerSys ENS $4.71B	$977K	0.09%	+10,673
388	VRE 388 Veris Residential VRE $1.34B	$973K	0.09%	57,505 +6,946
389	389 Netflix NFLX $466B	$969K	0.09%	1,039 +469
390	390 Ally Financial ALLY $12.1B	$964K	0.09%	26,434 -3,363
391	391 Lindsay Corp LNN $1.21B	$953K	0.09%	7,532 +1,946
392	392 Acadia Realty Trust AKR $2.56B	$949K	0.09%	+45,299
393	393 Dover DOV $24.4B	$940K	0.09%	5,351 +2,428
394	394 VeriSign VRSN $22.7B	$940K	0.09%	3,701 -2,081
395	395 Patria Investments PAX $2.33B	$936K	0.09%	82,877 +1,308
396	396 Joby Aviation JOBY $14.5B	$932K	0.09%	154,795 +100,216
397	397 UWM Holdings UWMC $1.28B	$929K	0.09%	170,165 +79,553
398	398 Celsius Holdings CELH $15.3B	$923K	0.09%	25,910 +2,633
399	399 AES AES $9.7B	$919K	0.08%	73,984 -59,170
400	ARR 400 Armour Residential REIT ARR $1.83B	$916K	0.08%	53,576 +10,209