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

$1.17B

AUM Growth

+$92.8M (+8.6%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

1,192

New

Increased

Reduced

Closed

Top Buys

1		+$5.19M
2		+$4.84M
3		+$4.82M
4	American Airlines Group AAL	+$4.81M
5	Restaurant Brands International QSR	+$4.63M

Top Sells

1		+$4.82M
2		+$4.65M
3		+$4.56M
4	GoDaddy GDDY	+$4.45M
5	Broadcom AVGO	+$4.43M

Sector Composition

1	Technology	18.84%
2	Industrials	15.9%
3	Consumer Discretionary	15.08%
4	Healthcare	11.66%
5	Financials	11.22%

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
451	451 Energizer ENR $1.59B	$866K	0.07%	42,976 +12,613
452	452 Tenet Healthcare THC $17.7B	$866K	0.07%	+4,919
453	453 Green Plains GPRE $655M	$864K	0.07%	143,209 +59,274
454	454 L3Harris LHX $54B	$856K	0.07%	+3,412
455	455 JB Hunt Transport Services JBHT $16.2B	$855K	0.07%	5,952 +2,094
456	456 Arch Capital ACGL $31.6B	$854K	0.07%	+9,382
457	457 GCM Grosvenor GCMG $612M	$854K	0.07%	73,888 +11,836
458	458 Zoetis ZTS $64B	$853K	0.07%	5,468 -6,570
459	459 Marten Transport MRTN $823M	$853K	0.07%	65,630 -6,172
460	460 Avista AVA $3.09B	$851K	0.07%	22,430 -24,751
461	461 Consolidated Edison ED $34.9B	$850K	0.07%	8,468 -11,446
462	462 Winmark WINA $1.47B	$849K	0.07%	2,249 +354
463	463 Monster Beverage MNST $64.9B	$848K	0.07%	13,534 -327
464	464 CTS Corp CTS $1.21B	$842K	0.07%	+19,769
465	465 Brookdale Senior Living BKD $2.18B	$842K	0.07%	121,010 +28,363
466	466 Bausch + Lomb BLCO $5.4B	$840K	0.07%	64,572 +22,876
467	467 QuinStreet QNST $864M	$839K	0.07%	52,120 +15,838
468	468 Cintas CTAS $73.2B	$832K	0.07%	3,735 -18,134
469	469 Barrett Business Services BBSI $1.04B	$832K	0.07%	+19,961
470	470 ePlus PLUS $1.94B	$831K	0.07%	11,519 +3,297
471	471 Ethan Allen Interiors ETD $608M	$827K	0.07%	29,699 +14,843
472	472 SLB Ltd SLB $55.3B	$824K	0.07%	24,373 +10,522
473	473 CAE Inc CAE $8.86B	$820K	0.07%	28,000 -484
474	474 Cinemark Holdings CNK $3.08B	$818K	0.07%	+27,114
475	MAGN 475 Magnera Corp MAGN $314M	$818K	0.07%	67,682 +41,131