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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TKO Group Holdings Inc.</name>
        <lei>N/A</lei>
        <title>Hayward Holdings, Inc. </title>
        <cusip>87256C101</cusip>
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          <isin value="US87256C1018"/>
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        <balance>32830.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>456993.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Intercontinental Exchange Inc</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>Intercontinental Exchange, Inc. </title>
        <cusip>45866F104</cusip>
        <identifiers>
          <isin value="US45866F1049"/>
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        <balance>11038.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1904055.00000000</valUSD>
        <pctVal>3.400346644218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Jacobs Solutions Inc.</name>
        <lei>N/A</lei>
        <title>Jacobs Solutions, Inc. </title>
        <cusip>46982L108</cusip>
        <identifiers>
          <isin value="US46982L1089"/>
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        <balance>12142.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1467846.38000000</valUSD>
        <pctVal>2.621345765989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Keysight Technologies, Inc.</name>
        <lei>549300GLKVIO8YRCYN02</lei>
        <title>Keysight Technologies, Inc. </title>
        <cusip>49338L103</cusip>
        <identifiers>
          <isin value="US49338L1035"/>
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        <balance>8807.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1319024.39000000</valUSD>
        <pctVal>2.355572794997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lowes Companies, Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos., Inc. </title>
        <cusip>548661107</cusip>
        <identifiers>
          <isin value="US5486611073"/>
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        <balance>4351.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1014783.73000000</valUSD>
        <pctVal>1.812246206602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Microsoft Corp.</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>Microsoft Corp. </title>
        <cusip>594918104</cusip>
        <identifiers>
          <isin value="US5949181045"/>
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        <balance>2730.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1024814.70000000</valUSD>
        <pctVal>1.830159961813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Motorola Solutions Inc</name>
        <lei>6S552MUG6KGJVEBSEC55</lei>
        <title>Motorola Solutions, Inc. </title>
        <cusip>620076307</cusip>
        <identifiers>
          <isin value="US6200763075"/>
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        <balance>1152.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>504357.12000000</valUSD>
        <pctVal>0.900703519845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>Occidental Petroleum Corp. </title>
        <cusip>674599105</cusip>
        <identifiers>
          <isin value="US6745991058"/>
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        <balance>9695.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>478545.20000000</valUSD>
        <pctVal>0.854607437772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp. </title>
        <cusip>68389X105</cusip>
        <identifiers>
          <isin value="US68389X1054"/>
        </identifiers>
        <balance>5405.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>755673.05000000</valUSD>
        <pctVal>1.349514756503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PPG Industries, Inc.</name>
        <lei>549300BKPEP01R3V6C59</lei>
        <title>PPG Industries, Inc. </title>
        <cusip>693506107</cusip>
        <identifiers>
          <isin value="US6935061076"/>
        </identifiers>
        <balance>9136.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>999021.60000000</valUSD>
        <pctVal>1.784097489338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Paccar Inc</name>
        <lei>KDTEY8BWE486IKZ3CC07</lei>
        <title>PACCAR, Inc. </title>
        <cusip>693718108</cusip>
        <identifiers>
          <isin value="US6937181088"/>
        </identifiers>
        <balance>12974.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1263278.38000000</valUSD>
        <pctVal>2.256019075156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Philip Morris International Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc. </title>
        <cusip>718172109</cusip>
        <identifiers>
          <isin value="US7181721090"/>
        </identifiers>
        <balance>15139.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2403013.47000000</valUSD>
        <pctVal>4.291409013251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Salesforce Inc.</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>salesforce.com, Inc. </title>
        <cusip>79466L302</cusip>
        <identifiers>
          <isin value="US79466L3024"/>
        </identifiers>
        <balance>2504.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>671973.44000000</valUSD>
        <pctVal>1.200040246583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Charles Schwab Corporation</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp./The </title>
        <cusip>808513105</cusip>
        <identifiers>
          <isin value="US8085131055"/>
        </identifiers>
        <balance>27366.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2142210.48000000</valUSD>
        <pctVal>3.825655360206</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Thermo Fisher Scientific Inc</name>
        <lei>HCHV7422L5HDJZCRFL38</lei>
        <title>Thermo Fisher Scientific, Inc. </title>
        <cusip>883556102</cusip>
        <identifiers>
          <isin value="US8835561023"/>
        </identifiers>
        <balance>2175.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1082280.00000000</valUSD>
        <pctVal>1.932784066691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Universal Music Group N.V</name>
        <lei>724500GJBUL3D9TW9Y18</lei>
        <title>Universal Music Group NV </title>
        <cusip>91377B109</cusip>
        <identifiers>
          <isin value="US91377B1098"/>
        </identifiers>
        <balance>105825.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1451919.00000000</valUSD>
        <pctVal>2.592901937878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Visa Inc</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>Visa, Inc. </title>
        <cusip>92826C839</cusip>
        <identifiers>
          <isin value="US92826C8394"/>
        </identifiers>
        <balance>6863.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2405206.98000000</valUSD>
        <pctVal>4.295326281590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE OPTIONS CLEARING CORPORATION</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>Amazon.com, Inc. Put @ 200, Expiring September 2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="AMZN  250919P00200000"/>
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        <balance>-52.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-108680.00000000</valUSD>
        <pctVal>-0.19408560850</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>PERSHING LLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Amazon.com, Inc.</issuerName>
                <issueTitle>Amazon.com, Inc.</issueTitle>
                <identifiers>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>200.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-09-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-71008.44000000</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>THE OPTIONS CLEARING CORPORATION</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>Amazon.com, Inc. Put @ 230, Expiring September 2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="AMZN  250919P00230000"/>
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        <balance>52.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>217230.00000000</valUSD>
        <pctVal>0.387939057182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>PERSHING LLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Amazon.com, Inc.</issuerName>
                <issueTitle>Amazon.com, Inc.</issueTitle>
                <identifiers>
                  <cusip value="023135106"/>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>230.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-09-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>127034.61000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aon PLC</name>
        <lei>635400FALWQYX5E6QC64</lei>
        <title>Aon PLC </title>
        <cusip>G0403H108</cusip>
        <identifiers>
          <isin value="IE00BLP1HW54"/>
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        <balance>3412.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1361695.08000000</valUSD>
        <pctVal>2.431776023133</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE OPTIONS CLEARING CORPORATION</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>Meta Platforms, Inc. Call @ 650, Expiring September 2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="META  250919C00650000"/>
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        <balance>-12.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-42840.00000000</valUSD>
        <pctVal>-0.07650558951</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>PERSHING LLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Meta Platforms, Inc.</issuerName>
                <issueTitle>Meta Platforms, Inc.</issueTitle>
                <identifiers>
                  <cusip value="30303M102"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>650.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-09-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>80929.73000000</unrealizedAppr>
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      <invstOrSec>
        <name>THE OPTIONS CLEARING CORPORATION</name>
        <lei>549300CII6SLYGKNHA04</lei>
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          <ticker value="MSFT  250620P00425000"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>PERSHING LLC</counterpartyName>
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            <putOrCall>Put</putOrCall>
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                <issuerName>Microsoft Corp.</issuerName>
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            <shareNo>100.00000000</shareNo>
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            <unrealizedAppr>-31247.60000000</unrealizedAppr>
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        <name>THE OPTIONS CLEARING CORPORATION</name>
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          <ticker value="NVDA  250620P00125000"/>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>PERSHING LLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Amazon.com, Inc.</issuerName>
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            <exercisePrice>125.00000000</exercisePrice>
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            <delta>XXXX</delta>
            <unrealizedAppr>-48390.65000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>THE OPTIONS CLEARING CORPORATION</name>
        <lei>549300CII6SLYGKNHA04</lei>
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        <identifiers>
          <ticker value="OXY   250620P00055000"/>
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        <balance>-33.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-20130.00000000</valUSD>
        <pctVal>-0.03594905501</pctVal>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>PERSHING LLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Put</putOrCall>
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            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Occidental Petroleum Corp.</issuerName>
                <issueTitle>Occidental Petroleum Corp.</issueTitle>
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                  <cusip value="674599105"/>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>55.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-06-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>279.70000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE OPTIONS CLEARING CORPORATION</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>SPDR S&amp;P 500 ETF Trust CALL @ 620, Expiring April 2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SPY   250417C00620000"/>
        </identifiers>
        <balance>435.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>870.00000000</valUSD>
        <pctVal>0.001553684941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>PERSHING LLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
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                <issueTitle>SPDR S&amp;P 500 ETF Trust</issueTitle>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>620.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-04-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-367925.46000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE OPTIONS CLEARING CORPORATION</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>SPDR S&amp;P 500 ETF Trust CALL @ 630, Expiring April 2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SPY   250417C00630000"/>
        </identifiers>
        <balance>828.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1656.00000000</valUSD>
        <pctVal>0.002957358922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>PERSHING LLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
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                <issueTitle>SPDR S&amp;P 500 ETF Trust</issueTitle>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>630.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-04-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-362814.99000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE OPTIONS CLEARING CORPORATION</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>SPDR S&amp;P 500 ETF Trust CALL @ 590, Expriing May 2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SPY   250516C00590000"/>
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        <balance>508.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>135128.00000000</valUSD>
        <pctVal>0.241317630709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>PERSHING LLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
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                <issueTitle>SPDR S&amp;P 500 ETF Trust</issueTitle>
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                  <cusip value="78462F103"/>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>590.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-05-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-233135.50000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE OPTIONS CLEARING CORPORATION</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>SPDR S&amp;P 500 ETF Trust CALL @ 600, Expriing May 2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SPY   250516C00600000"/>
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        <balance>559.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61490.00000000</valUSD>
        <pctVal>0.109811594283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>PERSHING LLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPY   250516C00590000</issuerName>
                <issueTitle>SPY   250516C00590000</issueTitle>
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                  <cusip value="78462F103"/>
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            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>600.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-05-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-149697.04000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE OPTIONS CLEARING CORPORATION</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>SPDR S&amp;P 500 ETF Trust PUT @ 540, Expriing May 2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SPY   250516P00540000"/>
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        <balance>609.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>487809.00000000</valUSD>
        <pctVal>0.871151146458</pctVal>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>PERSHING LLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <descRefInstrmnt>
              <otherRefInst>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>540.00000000</exercisePrice>
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            <expDt>2025-05-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>225907.48000000</unrealizedAppr>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE OPTIONS CLEARING CORPORATION</name>
        <lei>549300CII6SLYGKNHA04</lei>
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        <identifiers>
          <ticker value="SPY   250516P00550000"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1199099.50000000</valUSD>
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        <invCountry>US</invCountry>

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              <counterpartyName>PERSHING LLC</counterpartyName>
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            <delta>XXXX</delta>
            <unrealizedAppr>546851.76000000</unrealizedAppr>
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      </invstOrSec>
      <invstOrSec>
        <name>THE OPTIONS CLEARING CORPORATION</name>
        <lei>549300CII6SLYGKNHA04</lei>
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        <identifiers>
          <ticker value="SPY   250815C00555000"/>
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        <balance>-609.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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              <counterpartyName>PERSHING LLC</counterpartyName>
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            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
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            <expDt>2025-08-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>626660.61000000</unrealizedAppr>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Unified Series Trust</ncom:nameOfApplicant>
      <ncom:signature>Gregory Knoth</ncom:signature>
      <ncom:signerName>Gregory Knoth</ncom:signerName>
      <ncom:title>SVP, Mutual Fund Controller</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
