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

+4.28%

1 Year Return

+10.68%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$433M

AUM Growth

+$36.8M (+9.3%)

Cap. Flow

+$12.1M

Cap. Flow % of AUM

2.8%

Top 10 Holdings % Top 10 Hldgs %

29.44%

Holding

2,150

New

557

Increased

558

Reduced

528

Closed

457

Top Buys

1	Kellanova K	$18.9M
2	ANSS Ansys ANSS	$12.2M
3	Frontier Communications FYBR	$9.2M
4	TXNM TXNM Energy, Inc. TXNM	$8.17M
5	Interpublic Group of Companies IPG	$6.52M

Top Sells

1	DFS Discover Financial Services DFS	$21.1M
2	BZAI Blaize Holdings, Inc. Common Stock BZAI	$8.17M
3	AAM AA Mission Acquisition Corp. AAM	$7.3M
4	Spirit AeroSystems SPR	$7.01M
5	DMAA Drugs Made In America Acquisition Corp. Ordinary Shares DMAA	$6.51M

Sector Composition

1	Financials	17.16%
2	Energy	10.67%
3	Technology	9.5%
4	Communication Services	8.78%
5	Industrials	7.04%

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
476	476 MGM Resorts International MGM $9.98B	$118K	0.03%	3,433 +1,638	+91%	+$56.3K
477	477 Box BOX $4.75B	$118K	0.03%	+3,453	New	+$118K
478	478 Crocs CROX $4.72B	$117K	0.03%	+1,160	New	+$117K
479	479 Commerce Bancshares CBSH $8.08B	$117K	0.03%	1,889 +1,695	+874%	+$105K
480	SARO 480 StandardAero, Inc. SARO $8.88B	$117K	0.03%	3,710 +389	+12%	+$12.3K
481	481 Dole DOLE $1.29B	$116K	0.02%	8,326 +2,964	+55%	+$41.5K
482	482 Sonoco SON $4.56B	$116K	0.02%	2,673 +1,155	+76%	+$50.3K
483	483 Bank OZK OZK $5.9B	$116K	0.02%	2,473 +648	+36%	+$30.5K
484	484 Garrett Motion GTX $2.64B	$116K	0.02%	11,059 +8,175	+283%	+$85.9K
485	485 Howard Hughes HHH $4.69B	$116K	0.02%	+1,719	New	+$116K
486	486 Intercontinental Exchange ICE $99.8B	$115K	0.02%	629 -255	-29%	-$46.8K
487	487 Performance Food Group PFGC $16.5B	$115K	0.02%	1,318 +1,108	+528%	+$96.9K
488	488 Cinemark Holdings CNK $2.98B	$115K	0.02%	+3,815	New	+$115K
489	489 GoDaddy GDDY $20.1B	$115K	0.02%	636 -2,585	-80%	-$465K
490	490 Essential Properties Realty Trust EPRT $6.1B	$114K	0.02%	3,586 +2,310	+181%	+$73.7K
491	491 Humana HUM $37B	$114K	0.02%	467 -309	-40%	-$75.5K
492	492 Lowe's Companies LOW $151B	$114K	0.02%	513 -2,200	-81%	-$488K
493	493 Crown Castle CCI $41.9B	$114K	0.02%	1,107 +465	+72%	+$47.8K
494	494 Tyson Foods TSN $20B	$114K	0.02%	2,032 +158	+8%	+$8.84K
495	495 Ligand Pharmaceuticals LGND $3.25B	$114K	0.02%	999 +499	+100%	+$56.7K
496	496 Essential Utilities WTRG $11B	$113K	0.02%	3,055 -220	-7%	-$8.17K
497	497 Danaher DHR $143B	$113K	0.02%	573 -967	-63%	-$191K
498	498 Invitation Homes INVH $18.5B	$113K	0.02%	+3,448	New	+$113K
499	499 News Corp Class A NWSA $16.6B	$112K	0.02%	3,781 +2,354	+165%	+$70K
500	500 Broadstone Net Lease BNL $3.53B	$112K	0.02%	6,988 +5,495	+368%	+$88.2K