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
501	501 Pool Corp POOL $12.4B	$112K	0.02%	383 +33	+9%	+$9.62K
502	502 Walt Disney DIS $212B	$111K	0.02%	898 -1,070	-54%	-$133K
503	503 XP XP $9.96B	$111K	0.02%	5,504 -5,817	-51%	-$118K
504	504 International Flavors & Fragrances IFF $16.9B	$111K	0.02%	1,505 +210	+16%	+$15.4K
505	505 Darden Restaurants DRI $24.5B	$110K	0.02%	+506	New	+$110K
506	506 Gaming and Leisure Properties GLPI $13.7B	$110K	0.02%	2,360 +1,058	+81%	+$49.4K
507	ORC 507 Orchid Island Capital ORC $958M	$110K	0.02%	15,682 +9,047	+136%	+$63.4K
508	508 Old National Bancorp ONB $8.94B	$110K	0.02%	5,133 +4,995	+3,620%	+$107K
509	FIGXU 509 FIGX Capital Acquisition Corp. Units FIGXU $137M	$109K	0.02%	+10,879	New	+$109K
510	510 Dorian LPG LPG $1.33B	$108K	0.02%	4,435 +3,892	+717%	+$94.9K
511	511 Zoetis ZTS $67.9B	$108K	0.02%	693 +614	+777%	+$95.8K
512	512 CoreCivic CXW $2.11B	$108K	0.02%	5,127 +4,538	+770%	+$95.6K
513	513 EPAM Systems EPAM $9.44B	$108K	0.02%	610 -2,365	-79%	-$418K
514	514 Roper Technologies ROP $55.8B	$107K	0.02%	+189	New	+$107K
515	515 Nomad Foods NOMD $2.21B	$107K	0.02%	6,304 +185	+3%	+$3.14K
516	516 Five Below FIVE $8.46B	$107K	0.02%	814 +465	+133%	+$61K
517	517 Grand Canyon Education LOPE $5.74B	$106K	0.02%	559 -487	-47%	-$92K
518	518 Charles Schwab SCHW $167B	$105K	0.02%	1,156 -314	-21%	-$28.6K
519	519 RTX Corp RTX $211B	$105K	0.02%	722 -1,707	-70%	-$249K
520	520 Woodward WWD $14.6B	$105K	0.02%	+430	New	+$105K
521	521 DaVita DVA $9.86B	$105K	0.02%	+739	New	+$105K
522	522 ScottsMiracle-Gro SMG $3.64B	$105K	0.02%	1,588 -244	-13%	-$16.1K
523	523 Grindr GRND $2.94B	$105K	0.02%	+4,612	New	+$105K
524	524 Coca-Cola KO $292B	$104K	0.02%	+1,477	New	+$104K
525	525 WESCO International WCC $10.7B	$104K	0.02%	564 +383	+212%	+$70.9K