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

+2.03%

1 Year Return

+10.68%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$244M

AUM Growth

+$45.4M (+23%)

Cap. Flow

+$33.7M

Cap. Flow % of AUM

13.85%

Top 10 Holdings % Top 10 Hldgs %

24.04%

Holding

1,976

New

620

Increased

539

Reduced

365

Closed

373

Top Buys

1	SCRM Screaming Eagle Acquisition Corp. Class A Ordinary Shares SCRM	+$13.6M
2	Lavoro LVRO	+$7.97M
3	SPDR Bloomberg High Yield Bond ETF JNK	+$3.66M
4	ALSA Alpha Star Acquisition Corporation Ordinary Shares ALSA	+$3.61M
5	GAQ Generation Asia I Acquisition Limited Class A Ordinary Shares GAQ	+$2.5M

Top Sells

1	CVII Churchill Capital Corp VII Class A Common Stock CVII	+$5.35M
2	MCAA Mountain & Co. I Acquisition Corp. Class A Ordinary Shares MCAA	+$5.11M
3	IVCB Investcorp Europe Acquisition Corp I Class A Ordinary Shares IVCB	+$5.1M
4	AIRJ Montana Technologies Corp AIRJ	+$4.36M
5	SCRMU Screaming Eagle Acquisition Corp. Unit SCRMU	+$4.02M

Sector Composition

1	Financials	35.61%
2	Healthcare	8.07%
3	Industrials	5.53%
4	Materials	5.22%
5	Technology	4.49%

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
1076	1076 Par Pacific Holdings PARR $1.68B	$12.3K	﹤0.01%	332 -84	-20%	-$3.11K
1077	ALEX 1077 Alexander & Baldwin ALEX $1.35B	$12.3K	﹤0.01%	+745	New	+$12.3K
1078	ARI 1078 Apollo Commercial Real Estate ARI $1.5B	$12.1K	﹤0.01%	+1,090	New	+$12.1K
1079	TBI 1079 Trueblue TBI $179M	$12.1K	﹤0.01%	+966	New	+$12.1K
1080	1080 Darling Ingredients DAR $5.01B	$12.1K	﹤0.01%	260 -5,738	-96%	-$267K
1081	1081 Skyward Specialty Insurance SKWD $1.89B	$12.1K	﹤0.01%	323 -423	-57%	-$15.8K
1082	1082 LKQ Corp LKQ $8.38B	$12.1K	﹤0.01%	226 -674	-75%	-$36K
1083	STKL 1083 SunOpta STKL $735M	$12K	﹤0.01%	+1,750	New	+$12K
1084	1084 First American FAF $6.9B	$12K	﹤0.01%	196 +94	+92%	+$5.74K
1085	1085 Sensata Technologies ST $4.58B	$11.9K	﹤0.01%	325 +142	+78%	+$5.22K
1086	1086 Forestar Group FOR $1.42B	$11.9K	﹤0.01%	+296	New	+$11.9K
1087	1087 CareTrust REIT CTRE $7.62B	$11.9K	﹤0.01%	+487	New	+$11.9K
1088	1088 KalVista Pharmaceuticals KALV $704M	$11.9K	﹤0.01%	+1,000	New	+$11.9K
1089	BHACW 1089 DELISTED Focus Impact BH3 Acquisition Company Warrants BHACW	$11.8K	﹤0.01%	162,984	–	–
1090	1090 NMI Holdings NMIH $3.11B	$11.8K	﹤0.01%	365 -435	-54%	-$14.1K
1091	1091 Cincinnati Financial CINF $24.5B	$11.8K	﹤0.01%	95 -78	-45%	-$9.69K
1092	1092 StoneCo STNE $4.87B	$11.8K	﹤0.01%	710 +451	+174%	+$7.49K
1093	1093 Harmonic Inc HLIT $1.11B	$11.8K	﹤0.01%	+876	New	+$11.8K
1094	1094 Build-A-Bear BBW $983M	$11.8K	﹤0.01%	+394	New	+$11.8K
1095	1095 Natera NTRA $23.2B	$11.7K	﹤0.01%	+128	New	+$11.7K
1096	BBT 1096 Beacon Financial Corporation BBT $2.19B	$11.7K	﹤0.01%	+510	New	+$11.7K
1097	1097 Brunswick BC $4.31B	$11.7K	﹤0.01%	+121	New	+$11.7K
1098	1098 Palo Alto Networks PANW $132B	$11.6K	﹤0.01%	82 -474	-85%	-$67.3K
1099	LSXMK 1099 DELISTED Liberty Media Corporation Series C Liberty SiriusXM Common Stock LSXMK	$11.6K	﹤0.01%	391 -186	-32%	-$5.53K
1100	1100 Allstate ALL $52.9B	$11.6K	﹤0.01%	67 -160	-70%	-$27.7K