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
776	776 Trupanion TRUP $1.86B	$17.8K	﹤0.01%	+583	New	+$17.8K
777	777 Golub Capital BDC GBDC $3.92B	$17.7K	﹤0.01%	1,174 +694	+145%	+$10.5K
778	778 Eventbrite EB $261M	$17.7K	﹤0.01%	+2,117	New	+$17.7K
779	779 AdaptHealth AHCO $1.24B	$17.7K	﹤0.01%	2,426 -2,757	-53%	-$20.1K
780	780 A.O. Smith AOS $10.2B	$17.6K	﹤0.01%	+214	New	+$17.6K
781	781 American International AIG $43.2B	$17.6K	﹤0.01%	260 -213	-45%	-$14.4K
782	782 PBF Energy PBF $3.26B	$17.5K	﹤0.01%	+397	New	+$17.5K
783	783 ITT ITT $13.6B	$17.4K	﹤0.01%	+146	New	+$17.4K
784	784 Frontdoor FTDR $4.62B	$17.4K	﹤0.01%	494 -110	-18%	-$3.87K
785	785 Curtiss-Wright CW $18.7B	$17.4K	﹤0.01%	78 -87	-53%	-$19.4K
786	786 Intel INTC $116B	$17.3K	﹤0.01%	345 -1,278	-79%	-$64.2K
787	787 GXO Logistics GXO $5.76B	$17.3K	﹤0.01%	+283	New	+$17.3K
788	788 MarketAxess Holdings MKTX $6.9B	$17.3K	﹤0.01%	+59	New	+$17.3K
789	789 Madison Square Garden MSGS $4.93B	$17.3K	﹤0.01%	+95	New	+$17.3K
790	790 AXIS Capital AXS $7.59B	$17.2K	﹤0.01%	+311	New	+$17.2K
791	791 Protagonist Therapeutics PTGX $3.59B	$17.2K	﹤0.01%	+750	New	+$17.2K
792	792 Euronet Worldwide EEFT $3.57B	$17.2K	﹤0.01%	169 -18	-10%	-$1.83K
793	TWO 793 Two Harbors Investment TWO $1.06B	$17.1K	﹤0.01%	+1,229	New	+$17.1K
794	794 i3 Verticals IIIV $720M	$17.1K	﹤0.01%	+806	New	+$17.1K
795	795 RE/MAX Holdings RMAX $187M	$17.1K	﹤0.01%	1,280 -983	-43%	-$13.1K
796	796 Valmont Industries VMI $7.45B	$17K	﹤0.01%	+73	New	+$17K
797	797 Vulcan Materials VMC $38.9B	$17K	﹤0.01%	75 -134	-64%	-$30.4K
798	798 Selective Insurance SIGI $4.75B	$17K	﹤0.01%	+171	New	+$17K
799	799 Carnival Corp CCL $42.5B	$17K	﹤0.01%	+917	New	+$17K
800	800 Sonoco SON $4.54B	$17K	﹤0.01%	+304	New	+$17K