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
1026	1026 Alliant Energy LNT $16.4B	$10.1K	﹤0.01%	+196	New	+$10.1K
1027	1027 Charles Schwab SCHW $167B	$10K	﹤0.01%	+146	New	+$10K
1028	1028 Enphase Energy ENPH $4.85B	$10K	﹤0.01%	76 -114	-60%	-$15.1K
1029	1029 Privia Health PRVA $2.78B	$10K	﹤0.01%	436 -640	-59%	-$14.7K
1030	INN 1030 Summit Hotel Properties INN $613M	$10K	﹤0.01%	1,493 -4,533	-75%	-$30.5K
1031	1031 Integra LifeSciences IART $1.2B	$10K	﹤0.01%	230 -261	-53%	-$11.4K
1032	1032 Applied Industrial Technologies AIT $9.95B	$10K	﹤0.01%	+58	New	+$10K
1033	1033 P10 PX $1.34B	$10K	﹤0.01%	980 -137	-12%	-$1.4K
1034	1034 Birkenstock BIRK $8.62B	$9.99K	﹤0.01%	+205	New	+$9.99K
1035	1035 Aflac AFL $57.3B	$9.98K	﹤0.01%	+121	New	+$9.98K
1036	1036 Liberty Broadband Class C LBRDK $8.67B	$9.91K	﹤0.01%	+123	New	+$9.91K
1037	1037 ProFrac Holding ACDC $695M	$9.87K	﹤0.01%	+1,164	New	+$9.87K
1038	1038 Ross Stores ROST $48.8B	$9.83K	﹤0.01%	71 -491	-87%	-$68K
1039	BHACW 1039 DELISTED Focus Impact BH3 Acquisition Company Warrants BHACW	$9.78K	﹤0.01%	+162,984	New	+$9.78K
1040	1040 First Horizon FHN $11.5B	$9.73K	﹤0.01%	+687	New	+$9.73K
1041	1041 Ashland ASH $2.42B	$9.7K	﹤0.01%	115 -437	-79%	-$36.8K
1042	1042 Arcutis Biotherapeutics ARQT $2.11B	$9.69K	﹤0.01%	3,000	–	–
1043	1043 Hancock Whitney HWC $5.35B	$9.67K	﹤0.01%	+199	New	+$9.67K
1044	1044 Camping World CWH $1.06B	$9.64K	﹤0.01%	367 -656	-64%	-$17.2K
1045	1045 Portland General Electric POR $4.63B	$9.62K	﹤0.01%	222 -397	-64%	-$17.2K
1046	1046 National Bank Holdings NBHC $1.47B	$9.6K	﹤0.01%	+258	New	+$9.6K
1047	1047 Fortune Brands Innovations FBIN $7.05B	$9.59K	﹤0.01%	+126	New	+$9.59K
1048	1048 Fifth Third Bancorp FITB $30.1B	$9.52K	﹤0.01%	+276	New	+$9.52K
1049	HTLF 1049 DELISTED Heartland Financial USA, Inc. HTLF	$9.52K	﹤0.01%	+253	New	+$9.52K
1050	1050 Flywire FLYW $1.62B	$9.47K	﹤0.01%	+409	New	+$9.47K