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
551	551 Cousins Properties CUZ $4.95B	$98K	0.02%	3,262 -3,634	-53%	-$109K
552	552 Toast TOST $24B	$97.4K	0.02%	2,200 +545	+33%	+$24.1K
553	553 Cohen & Steers CNS $3.7B	$97.1K	0.02%	+1,289	New	+$97.1K
554	554 West Pharmaceutical WST $18B	$96.3K	0.02%	440 +318	+261%	+$69.6K
555	555 Marten Transport MRTN $957M	$96.1K	0.02%	7,400 +5,668	+327%	+$73.6K
556	556 AutoNation AN $8.55B	$95.9K	0.02%	483 -968	-67%	-$192K
557	557 Energy Services of America ESOA $165M	$95.5K	0.02%	9,608 +5,823	+154%	+$57.9K
558	558 TechnipFMC FTI $16B	$95.2K	0.02%	2,764 -14	-0.5%	-$482
559	559 OneMain Financial OMF $7.31B	$95.2K	0.02%	1,670 -440	-21%	-$25.1K
560	560 Intapp INTA $3.67B	$94.8K	0.02%	1,836 +1,133	+161%	+$58.5K
561	561 Worthington Enterprises WOR $3.24B	$94.8K	0.02%	1,489 +512	+52%	+$32.6K
562	562 Rogers Corp ROG $1.43B	$94.7K	0.02%	1,383 +1,239	+860%	+$84.8K
563	563 Williams-Sonoma WSM $24.7B	$94.4K	0.02%	578 +379	+190%	+$61.9K
564	564 Donaldson DCI $9.44B	$93.9K	0.02%	+1,354	New	+$93.9K
565	565 Strategy Inc Common Stock Class A MSTR $95.2B	$93.4K	0.02%	231 -258	-53%	-$104K
566	566 Amdocs DOX $9.46B	$93.3K	0.02%	1,023 +632	+162%	+$57.7K
567	567 GE HealthCare GEHC $34.6B	$93.2K	0.02%	1,258 -1,941	-61%	-$144K
568	568 Liquidia Corp LQDA $2.48B	$92.6K	0.02%	7,434 +2,045	+38%	+$25.5K
569	569 Dentsply Sirona XRAY $2.92B	$92.6K	0.02%	+5,829	New	+$92.6K
570	570 Molina Healthcare MOH $9.47B	$92.3K	0.02%	+310	New	+$92.3K
571	571 Intrepid Potash IPI $379M	$92.3K	0.02%	+2,584	New	+$92.3K
572	PRMB 572 Primo Brands Corporation PRMB $9.43B	$92.1K	0.02%	3,111 +3,077	+9,050%	+$91.1K
573	573 Moody's MCO $89.5B	$91.8K	0.02%	183 +139	+316%	+$69.7K
574	574 Aecom ACM $16.8B	$91.8K	0.02%	813 +238	+41%	+$26.9K
575	MBX 575 MBX Biosciences, Inc. Common Stock MBX $388M	$91.3K	0.02%	+8,000	New	+$91.3K