Quarry LP Portfolio holdings

AUM $433M

1-Year Return 10.68%

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4

This Quarter Return

+1.91%

1 Year Return

+10.68%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$198M

AUM Growth

+$43.3M (+28%)

Cap. Flow

+$32.2M

Cap. Flow % of AUM

16.24%

Top 10 Holdings % Top 10 Hldgs %

26.25%

Holding

1,660

New

615

Increased

263

Reduced

417

Closed

300

Top Buys

1	SEDA SDCL EDGE Acquisition Corporation SEDA	$10.6M
2	CVII Churchill Capital Corp VII Class A Common Stock CVII	$5.63M
3	IVCB Investcorp Europe Acquisition Corp I Class A Ordinary Shares IVCB	$4.67M
4	SCRMU Screaming Eagle Acquisition Corp. Unit SCRMU	$4.02M
5	RENE Cartesian Growth Corp II RENE	$3.04M

Top Sells

1	iShares 20+ Year Treasury Bond ETF TLT	$5.12M
2	Energy Select Sector SPDR Fund XLE	$4.36M
3	PNST Pinstripes Holdings, Inc. PNST	$3.05M
4	GAQ Generation Asia I Acquisition Limited Class A Ordinary Shares GAQ	$2.77M
5	ACRO Acropolis Infrastructure Acquisition Corp. ACRO	$2.57M

Sector Composition

1	Financials	48.63%
2	Industrials	8.51%
3	Technology	5.4%
4	Healthcare	2.51%
5	Consumer Discretionary	2.33%

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
426	BECN 426 DELISTED Beacon Roofing Supply, Inc. BECN	$35K	0.01%	402 +225	+127%	+$19.6K
427	427 Sealed Air SEE $4.82B	$34.9K	0.01%	957 -400	-29%	-$14.6K
428	428 Consolidated Edison ED $35.4B	$34.9K	0.01%	+384	New	+$34.9K
429	429 Wolverine World Wide WWW $2.59B	$34.9K	0.01%	3,922 +805	+26%	+$7.16K
430	DUET 430 DELISTED DUET Acquisition Corp. Class A Common Stock DUET	$34.8K	0.01%	+3,170	New	+$34.8K
431	431 Vail Resorts MTN $5.87B	$34.8K	0.01%	+163	New	+$34.8K
432	432 Herbalife HLF $1.02B	$34.8K	0.01%	2,278 -491	-18%	-$7.49K
433	433 Pangaea Logistics PANL $349M	$34.7K	0.01%	+4,215	New	+$34.7K
434	434 Encompass Health EHC $12.6B	$34.6K	0.01%	518 +77	+17%	+$5.14K
435	435 American Airlines Group AAL $8.63B	$34.5K	0.01%	+2,509	New	+$34.5K
436	436 Xcel Energy XEL $43B	$34.4K	0.01%	+556	New	+$34.4K
437	437 American Water Works AWK $28B	$34.3K	0.01%	+260	New	+$34.3K
438	438 Hershey HSY $37.6B	$34.3K	0.01%	+184	New	+$34.3K
439	AGS 439 DELISTED PlayAGS AGS	$34.3K	0.01%	4,064 -1,938	-32%	-$16.3K
440	440 Lamar Advertising Co LAMR $13B	$34.2K	0.01%	322 +133	+70%	+$14.1K
441	441 West Pharmaceutical WST $18B	$34.2K	0.01%	97 +59	+155%	+$20.8K
442	442 TriplePoint Venture Growth BDC TPVG $275M	$34.1K	0.01%	3,143 +956	+44%	+$10.4K
443	443 Virtu Financial VIRT $3.29B	$34K	0.01%	1,680 +746	+80%	+$15.1K
444	444 Funko FNKO $179M	$34K	0.01%	+4,400	New	+$34K
445	445 Hanover Insurance THG $6.35B	$33.8K	0.01%	+278	New	+$33.8K
446	446 OGE Energy OGE $8.89B	$33.7K	0.01%	966 -481	-33%	-$16.8K
447	447 Wendy's WEN $1.97B	$33.7K	0.01%	+1,732	New	+$33.7K
448	448 OFG Bancorp OFG $1.99B	$33.6K	0.01%	897 -275	-23%	-$10.3K
449	449 Kohl's KSS $1.86B	$33.6K	0.01%	1,170 -1,273	-52%	-$36.5K
450	450 Ally Financial ALLY $12.7B	$33.5K	0.01%	959 +598	+166%	+$20.9K