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      <invstOrSec>
        <name>GLOBUS MEDICAL INC</name>
        <lei>5299003M2P4CIK0RF205</lei>
        <title>GLOBUS MEDICAL INC CL A</title>
        <cusip>379577208</cusip>
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          <isin value="US3795772082"/>
          <ticker value="GMED"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPHERE ENTERTAINMENT COMPANY</name>
        <lei>254900ZW4JWKYRZZ9A91</lei>
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          <isin value="US55826T1025"/>
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        <balance>46153.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NICOLET BANKSHARES INC</name>
        <lei>N/A</lei>
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        <cusip>65406E102</cusip>
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          <isin value="US65406E1029"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CRANE COMPANY</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HF SINCLAIR CORP</name>
        <lei>2549009G116AM01XHN24</lei>
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          <isin value="US4039491000"/>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KNIFE RIVER CORP</name>
        <lei>N/A</lei>
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          <isin value="US4988941047"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REVOLUTION MEDICINES INC</name>
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          <isin value="US76155X1000"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KENVUE INC</name>
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      <invstOrSec>
        <name>SOLSTICE ADVANCED MATERIALS INC</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DIGITALOCEAN HOLDINGS INC</name>
        <lei>549300EPISPY3RE3DL21</lei>
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        <cusip>25402D102</cusip>
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          <isin value="US25402D1028"/>
          <ticker value="DOCN"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENTERGY CORP</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
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        <name>UNITY SOFTWARE INC</name>
        <lei>549300D1ESJMGNQNG432</lei>
        <title>UNITY SOFTWARE INC COM</title>
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        <assetCat>EC</assetCat>
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        <name>FOX CORP</name>
        <lei>549300DDU6FDRBIELS05</lei>
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        <name>TRAVEL PLUS LEISURE COMPANY</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEXTNAV INC</name>
        <lei>N/A</lei>
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        <cusip>65345N106</cusip>
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        <name>DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS</name>
        <lei>549300F7IDB6WRO7VJ11</lei>
        <title>DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS SH BEN INT</title>
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        <assetCat>STIV</assetCat>
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        <name>AMERICAN HEALTHCARE REIT INC</name>
        <lei>2549004GGE2APGNT6O92</lei>
        <title>AMERICAN HEALTHCARE REIT INC COM SHS</title>
        <cusip>398182303</cusip>
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        <name>ENOVA INTERNATIONAL INC</name>
        <lei>549300O8XOCQSB49UO63</lei>
        <title>ENOVA INTERNATIONAL INC COM</title>
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        <name>SIRIUS XM HOLDINGS INC</name>
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        <name>EXELIXIS INC</name>
        <lei>254900PJQB59O2O95R37</lei>
        <title>EXELIXIS INC COM</title>
        <cusip>30161Q104</cusip>
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          <ticker value="EXEL"/>
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        <name>RALLIANT CORP</name>
        <lei>52990024QKO4DYT8N464</lei>
        <title>RALLIANT CORP COM</title>
        <cusip>750940108</cusip>
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          <ticker value="RAL"/>
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        <name>HYATT HOTELS CORP</name>
        <lei>T27JQIMTYSH41TCD5186</lei>
        <title>HYATT HOTELS CORP COM CL A</title>
        <cusip>448579102</cusip>
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          <ticker value="H"/>
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        <balance>30353.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5883625.52000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>OSCAR HEALTH INC</name>
        <lei>254900AE8KDLFDOPKZ19</lei>
        <title>OSCAR HEALTH INC CL A</title>
        <cusip>687793109</cusip>
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          <ticker value="OSCR"/>
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        <balance>97190.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2771858.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>GE VERNOVA INC</name>
        <lei>254900DP080RU6OK2553</lei>
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          <isin value="US36828A1016"/>
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      <invstOrSec>
        <name>KODIAK GAS SERVICES INC</name>
        <lei>N/A</lei>
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          <isin value="US50012A1088"/>
          <ticker value="KGS"/>
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      <invstOrSec>
        <name>SANDISK CORP</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>APPLOVIN CORP</name>
        <lei>549300LLVXMUAOL3SQ07</lei>
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          <isin value="US03831W1080"/>
          <ticker value="APP"/>
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      <invstOrSec>
        <name>NEXTPOWER INC</name>
        <lei>N/A</lei>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SEAGATE TECHNOLOGY HOLDINGS PLC</name>
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          <isin value="IE00BKVD2N49"/>
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      <invstOrSec>
        <name>DAVE INC</name>
        <lei>25490061SUVXCW51RZ82</lei>
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          <isin value="US23834J2015"/>
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      <invstOrSec>
        <name>GUARDIAN PHARMACY SERVICES INC</name>
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          <isin value="US40145W1018"/>
          <ticker value="GRDN"/>
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      <invstOrSec>
        <name>BRIGHTSPRING HEALTH SERVICES INC</name>
        <lei>N/A</lei>
        <title>BRIGHTSPRING HEALTH SERVICES INC COM</title>
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          <isin value="US10950A1060"/>
          <ticker value="BTSG"/>
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      <invstOrSec>
        <name>LIBERTY LIVE HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>LIBERTY LIVE HOLDINGS INC COM SHS SER C</title>
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          <isin value="US5309093087"/>
          <ticker value="LLYVK"/>
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        <balance>69130.00000000</balance>
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        <name>AST SPACEMOBILE INC</name>
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        <title>AST SPACEMOBILE INC COM CL A</title>
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        <name>REDDIT INC</name>
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        <name>MAPLEBEAR INC</name>
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        <name>EVERUS CONSTRUCTION GROUP INC</name>
        <lei>2549006JMMHR0KILT425</lei>
        <title>EVERUS CONSTRUCTION GROUP INC COM</title>
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        <name>LINEAGE INC</name>
        <lei>N/A</lei>
        <title>LINEAGE INC COM</title>
        <cusip>53566V106</cusip>
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          <ticker value="LINE"/>
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        <name>QNITY ELECTRONICS INC</name>
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        <name>MASTEC INC</name>
        <lei>549300TMDIT8WREDOF45</lei>
        <title>MASTEC INC COM</title>
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          <ticker value="MTZ"/>
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        <name>CREDO TECHNOLOGY GROUP HOLDING LTD</name>
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        <balance>73700.00000000</balance>
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        <invCountry>KY</invCountry>

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        <name>LIGAND PHARMACEUTICALS INC</name>
        <lei>5493008K7TB0IKP37H79</lei>
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          <ticker value="LGND"/>
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        <balance>43070.00000000</balance>
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        <curCd>USD</curCd>
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        <name>UL SOLUTIONS INC</name>
        <lei>549300F7CUV5ESKV9P71</lei>
        <title>UL SOLUTIONS INC CLASS A COM SHS</title>
        <cusip>903731107</cusip>
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          <ticker value="ULS"/>
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        <balance>324881.00000000</balance>
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        <assetCat>EC</assetCat>
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        <name>NCR ATLEOS CORP</name>
        <lei>9845005FC3S0VA714741</lei>
        <title>NCR ATLEOS CORP COM SHS</title>
        <cusip>63001N106</cusip>
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          <ticker value="NATL"/>
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        <balance>237899.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10327195.59000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NAVAN INC</name>
        <lei>254900RHRK35UPHTGY05</lei>
        <title>NAVAN INC CL A</title>
        <cusip>639193101</cusip>
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          <isin value="US6391931010"/>
          <ticker value="NAVN"/>
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        <balance>68323.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1562547.01000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ENACT HOLDINGS INC</name>
        <lei>9845003CA5664B741N19</lei>
        <title>ENACT HOLDINGS INC COM</title>
        <cusip>29249E109</cusip>
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          <isin value="US29249E1091"/>
          <ticker value="ACT"/>
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        <balance>225011.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10285252.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HILTON GRAND VACATIONS INC</name>
        <lei>549300O9K6MFD8D07574</lei>
        <title>HILTON GRAND VACATIONS INC COM</title>
        <cusip>43283X105</cusip>
        <identifiers>
          <isin value="US43283X1054"/>
          <ticker value="HGV"/>
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        <balance>29998.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BILLIONTOONE INC</name>
        <lei>N/A</lei>
        <title>BILLIONTOONE INC CL A</title>
        <cusip>090168105</cusip>
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          <isin value="US0901681058"/>
          <ticker value="BLLN"/>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STONEX GROUP INC</name>
        <lei>549300JUF07L8VF02M60</lei>
        <title>STONEX GROUP INC COM</title>
        <cusip>861896108</cusip>
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          <isin value="US8618961085"/>
          <ticker value="SNEX"/>
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        <balance>25549.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FORGENT POWER SOLUTIONS INC</name>
        <lei>N/A</lei>
        <title>FORGENT POWER SOLUTIONS INC COM SHS CL A</title>
        <cusip>34631F102</cusip>
        <identifiers>
          <isin value="US34631F1021"/>
          <ticker value="FPS"/>
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        <balance>81781.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COREWEAVE INC</name>
        <lei>984500511DP2B6186053</lei>
        <title>COREWEAVE INC COM CL A</title>
        <cusip>21873S108</cusip>
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          <isin value="US21873S1087"/>
          <ticker value="CRWV"/>
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        <balance>147097.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RIVIAN AUTOMOTIVE INC</name>
        <lei>25490004LNKJ84MFYY24</lei>
        <title>RIVIAN AUTOMOTIVE INC COM CL A</title>
        <cusip>76954A103</cusip>
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          <isin value="US76954A1034"/>
          <ticker value="RIVN"/>
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        <balance>677189.00000000</balance>
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      <invstOrSec>
        <name>TWILIO INC</name>
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          <isin value="US90138F1021"/>
          <ticker value="TWLO"/>
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      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC (THE)</name>
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        <cusip>38141G104</cusip>
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          <isin value="US38141G1040"/>
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      <invstOrSec>
        <name>INGRAM MICRO HOLDING CORP</name>
        <lei>9845008639BC538AB065</lei>
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          <isin value="US4571521065"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HINGE HEALTH INC</name>
        <lei>N/A</lei>
        <title>HINGE HEALTH INC CL A</title>
        <cusip>433313103</cusip>
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          <isin value="US4333131039"/>
          <ticker value="HNGE"/>
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        <balance>29105.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DOORDASH INC</name>
        <lei>549300NUQ43FGGSK5051</lei>
        <title>DOORDASH INC CL A</title>
        <cusip>25809K105</cusip>
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          <isin value="US25809K1051"/>
          <ticker value="DASH"/>
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        <balance>140459.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VERADERMICS INC</name>
        <lei>N/A</lei>
        <title>VERADERMICS INC COMMON STOCK</title>
        <cusip>922967104</cusip>
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          <isin value="US9229671048"/>
          <ticker value="MANE"/>
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        <balance>53873.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6623146.62000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CARDINAL INFRASTRUCTURE GROUP INC</name>
        <lei>N/A</lei>
        <title>CARDINAL INFRASTRUCTURE GROUP INC CL A</title>
        <cusip>14154A102</cusip>
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          <isin value="US14154A1025"/>
          <ticker value="CDNL"/>
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        <balance>16123.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1518786.60000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DT MIDSTREAM INC</name>
        <lei>N/A</lei>
        <title>DT MIDSTREAM INC COMMON STOCK</title>
        <cusip>23345M107</cusip>
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          <isin value="US23345M1071"/>
          <ticker value="DTM"/>
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        <balance>197313.00000000</balance>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ROYALTY PHARMA PLC</name>
        <lei>549300FGFN7VOK8BZR03</lei>
        <title>ROYALTY PHARMA PLC COM USD0.0001 CLASS A</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BMVP7Y09"/>
          <ticker value="RPRX"/>
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        <curCd>USD</curCd>
        <valUSD>20816267.85000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

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        <name>CORPAY INC</name>
        <lei>549300DG6RR0NQSFLN74</lei>
        <title>CORPAY INC COM SHS</title>
        <cusip>219948106</cusip>
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          <isin value="US2199481068"/>
          <ticker value="CPAY"/>
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      <invstOrSec>
        <name>CURBLINE PROPERTIES CORP</name>
        <lei>529900PGR41LH0I81I15</lei>
        <title>CURBLINE PROPERTIES CORP COM</title>
        <cusip>23128Q101</cusip>
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          <ticker value="CURB"/>
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        <curCd>USD</curCd>
        <valUSD>5516080.00000000</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>BORGWARNER INC</name>
        <lei>549300DSFX2IE88NSX47</lei>
        <title>BORGWARNER INC COM</title>
        <cusip>099724106</cusip>
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          <isin value="US0997241064"/>
          <ticker value="BWA"/>
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        <balance>132242.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8780868.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VENTAS INC</name>
        <lei>ORQTRC074CWLT3DKHT41</lei>
        <title>VENTAS INC COM</title>
        <cusip>92276F100</cusip>
        <identifiers>
          <isin value="US92276F1003"/>
          <ticker value="VTR"/>
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        <balance>261204.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23194915.20000000</valUSD>
        <pctVal>1.388833153642</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COHERENT CORP</name>
        <lei>549300O5C25A0MMHHU33</lei>
        <title>COHERENT CORP COM</title>
        <cusip>19247G107</cusip>
        <identifiers>
          <isin value="US19247G1076"/>
          <ticker value="COHR"/>
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        <balance>21023.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8292942.81000000</valUSD>
        <pctVal>0.496553396142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALUMIS INC</name>
        <lei>N/A</lei>
        <title>ALUMIS INC COM</title>
        <cusip>022307102</cusip>
        <identifiers>
          <isin value="US0223071020"/>
          <ticker value="ALMS"/>
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        <balance>82196.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2312995.44000000</valUSD>
        <pctVal>0.138494352042</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>LIFE TIME GROUP HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>LIFE TIME GROUP HOLDINGS INC COMMON STOCK</title>
        <cusip>53190C102</cusip>
        <identifiers>
          <isin value="US53190C1027"/>
          <ticker value="LTH"/>
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        <balance>71759.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2930637.56000000</valUSD>
        <pctVal>0.175476675363</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JAZZ PHARMACEUTICALS PLC</name>
        <lei>635400GAUMJCLEZRRV50</lei>
        <title>JAZZ PHARMACEUTICALS PLC SHS USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE00B4Q5ZN47"/>
          <ticker value="JAZZ"/>
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        <balance>40500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9759285.00000000</valUSD>
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        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANDERSEN GROUP INC</name>
        <lei>N/A</lei>
        <title>ANDERSEN GROUP INC CL A</title>
        <cusip>033853102</cusip>
        <identifiers>
          <isin value="US0338531025"/>
          <ticker value="ANDG"/>
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        <balance>42500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1603100.00000000</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>
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      </invstOrSec>
      <invstOrSec>
        <name>CG ONCOLOGY INC</name>
        <lei>N/A</lei>
        <title>CG ONCOLOGY INC COM</title>
        <cusip>156944100</cusip>
        <identifiers>
          <isin value="US1569441009"/>
          <ticker value="CGON"/>
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        <balance>94777.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6733905.85000000</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>BRIDGEBIO PHARMA INC</name>
        <lei>54930028YG89VTY2J114</lei>
        <title>BRIDGEBIO PHARMA INC COM</title>
        <cusip>10806X102</cusip>
        <identifiers>
          <isin value="US10806X1028"/>
          <ticker value="BBIO"/>
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        <balance>105232.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7837679.36000000</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>ROIVANT SCIENCES LTD</name>
        <lei>549300DL466NY5J6U724</lei>
        <title>ROIVANT SCIENCES LTD SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG762791017"/>
          <ticker value="ROIV"/>
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        <balance>231865.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8205702.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WATERBRIDGE INFRASTRUCTURE LLC</name>
        <lei>N/A</lei>
        <title>WATERBRIDGE INFRASTRUCTURE LLC CL A SHS REPSTG LTD LIABILITY CO INTS</title>
        <cusip>940923105</cusip>
        <identifiers>
          <isin value="US9409231050"/>
          <ticker value="WBI"/>
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        <balance>145926.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5000884.02000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MKS INC</name>
        <lei>549300KEQATBHAGVF505</lei>
        <title>MKS INC COM</title>
        <cusip>55306N104</cusip>
        <identifiers>
          <isin value="US55306N1046"/>
          <ticker value="MKSI"/>
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        <balance>58062.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25825977.60000000</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>KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC CL A</title>
        <cusip>499049104</cusip>
        <identifiers>
          <isin value="US4990491049"/>
          <ticker value="KNX"/>
        </identifiers>
        <balance>52381.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4078908.47000000</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>SPACE EXPLORATION TECHNOLOGIES CORP</name>
        <lei>549300B9WLO96RQCXP87</lei>
        <title>SPACE EXPLORATION TECHNOLOGIES CORP CLASS A COM STK</title>
        <cusip>84615Q103</cusip>
        <identifiers>
          <isin value="US84615Q1031"/>
          <ticker value="SPCX"/>
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        <balance>199520.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34089987.20000000</valUSD>
        <pctVal>2.041193253882</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>LEGENCE CORP</name>
        <lei>N/A</lei>
        <title>LEGENCE CORP CL A</title>
        <cusip>52476L109</cusip>
        <identifiers>
          <isin value="US52476L1098"/>
          <ticker value="LGN"/>
        </identifiers>
        <balance>232182.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19788871.86000000</valUSD>
        <pctVal>1.184890786423</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>CIRCLE INTERNET GROUP INC</name>
        <lei>254900HFVVR6NPMQVN93</lei>
        <title>CIRCLE INTERNET GROUP INC COM CL A</title>
        <cusip>172573107</cusip>
        <identifiers>
          <isin value="US1725731079"/>
          <ticker value="CRCL"/>
        </identifiers>
        <balance>53422.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3345819.86000000</valUSD>
        <pctVal>0.200336388713</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>MINIMED GROUP INC</name>
        <lei>254900MS5BIVZH51VD96</lei>
        <title>MINIMED GROUP INC COM</title>
        <cusip>60365F109</cusip>
        <identifiers>
          <isin value="US60365F1093"/>
          <ticker value="MMED"/>
        </identifiers>
        <balance>362103.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5413439.85000000</valUSD>
        <pctVal>0.324138487858</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="4483848.85000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>JACKSON FINANCIAL INC</name>
        <lei>213800WXW2KG1N4CO374</lei>
        <title>JACKSON FINANCIAL INC COM CL A</title>
        <cusip>46817M107</cusip>
        <identifiers>
          <isin value="US46817M1071"/>
          <ticker value="JXN"/>
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        <balance>41217.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4220208.63000000</valUSD>
        <pctVal>0.252691833968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GALAXY DIGITAL INC</name>
        <lei>9845001C4070E5N07806</lei>
        <title>GALAXY DIGITAL INC CL A</title>
        <cusip>36317J209</cusip>
        <identifiers>
          <isin value="US36317J2096"/>
          <ticker value="GLXY"/>
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        <balance>125690.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3436364.60000000</valUSD>
        <pctVal>0.205757901821</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>
        <name>BRUKER CORP</name>
        <lei>LEBZ6VLQ6I8XB1NHVY15</lei>
        <title>BRUKER CORP COM</title>
        <cusip>116794108</cusip>
        <identifiers>
          <isin value="US1167941087"/>
          <ticker value="BRKR"/>
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        <balance>49072.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2953152.96000000</valUSD>
        <pctVal>0.176824821442</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>DUPONT DE NEMOURS INC</name>
        <lei>5493004JF0SDFLM8GD76</lei>
        <title>DUPONT DE NEMOURS INC COMMON STOCK</title>
        <cusip>26614N201</cusip>
        <identifiers>
          <isin value="US26614N2018"/>
          <ticker value="DD"/>
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        <balance>44048.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5974670.72000000</valUSD>
        <pctVal>0.357743096126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RUSH STREET INTERACTIVE INC</name>
        <lei>N/A</lei>
        <title>RUSH STREET INTERACTIVE INC COM</title>
        <cusip>782011100</cusip>
        <identifiers>
          <isin value="US7820111000"/>
          <ticker value="RSI"/>
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        <balance>400155.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11900609.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MEDLINE INC</name>
        <lei>984500FAN6J1P8566D43</lei>
        <title>MEDLINE INC COM CL A</title>
        <cusip>58507V107</cusip>
        <identifiers>
          <isin value="US58507V1070"/>
          <ticker value="MDLN"/>
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        <balance>1058710.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41755522.40000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>J.M. SMUCKER COMPANY (THE)</name>
        <lei>5493000WDH6A0LHDJD55</lei>
        <title>J.M. SMUCKER COMPANY (THE) COM NEW</title>
        <cusip>832696405</cusip>
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          <isin value="US8326964058"/>
          <ticker value="SJM"/>
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        <balance>137536.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15472800.00000000</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>
        <name>FEDEX FREIGHT HOLDING COMPANY INC</name>
        <lei>984500Y1DA5A58ICE336</lei>
        <title>FEDEX FREIGHT HOLDING COMPANY INC COMMON STOCK</title>
        <cusip>314352105</cusip>
        <identifiers>
          <isin value="US3143521058"/>
          <ticker value="FDXF"/>
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        <balance>56003.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8456453.00000000</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>APOGEE THERAPEUTICS INC</name>
        <lei>N/A</lei>
        <title>APOGEE THERAPEUTICS INC COM</title>
        <cusip>03770N101</cusip>
        <identifiers>
          <isin value="US03770N1019"/>
          <ticker value="APGE"/>
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        <balance>48605.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6451341.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VIASAT INC</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>VIASAT INC COM</title>
        <cusip>92552V100</cusip>
        <identifiers>
          <isin value="US92552V1008"/>
          <ticker value="VSAT"/>
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        <balance>220125.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19769426.25000000</valUSD>
        <pctVal>1.183726448997</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>IONIS PHARMACEUTICALS INC</name>
        <lei>549300SI4ZGLG0BLUZ92</lei>
        <title>IONIS PHARMACEUTICALS INC COM</title>
        <cusip>462222100</cusip>
        <identifiers>
          <isin value="US4622221004"/>
          <ticker value="IONS"/>
        </identifiers>
        <balance>35516.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2816063.64000000</valUSD>
        <pctVal>0.168616376144</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>ELI LILLY &amp; COMPANY</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>ELI LILLY &amp; COMPANY COM</title>
        <cusip>532457108</cusip>
        <identifiers>
          <isin value="US5324571083"/>
          <ticker value="LLY"/>
        </identifiers>
        <balance>45537.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>54618443.91000000</valUSD>
        <pctVal>3.270367882291</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>VITA COCO COMPANY INC (THE)</name>
        <lei>54930020WXOAWHR85Y25</lei>
        <title>VITA COCO COMPANY INC (THE) COM</title>
        <cusip>92846Q107</cusip>
        <identifiers>
          <isin value="US92846Q1076"/>
          <ticker value="COCO"/>
        </identifiers>
        <balance>245479.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16235981.06000000</valUSD>
        <pctVal>0.972155689452</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>SMITHFIELD FOODS INC</name>
        <lei>CVTIPZRZJC0JQEZLL598</lei>
        <title>SMITHFIELD FOODS INC COM</title>
        <cusip>832248207</cusip>
        <identifiers>
          <isin value="US8322482071"/>
          <ticker value="SFD"/>
        </identifiers>
        <balance>93017.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2256592.42000000</valUSD>
        <pctVal>0.135117129773</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>HAMILTON INSURANCE GROUP LTD</name>
        <lei>549300W92BN1FIEXG871</lei>
        <title>HAMILTON INSURANCE GROUP LTD CL B</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG427061046"/>
          <ticker value="HG"/>
        </identifiers>
        <balance>319964.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10859578.16000000</valUSD>
        <pctVal>0.650234849023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WARNER BROS. DISCOVERY INC</name>
        <lei>5493006ZCRFWKF6B1K26</lei>
        <title>WARNER BROS. DISCOVERY INC COM SER A</title>
        <cusip>934423104</cusip>
        <identifiers>
          <isin value="US9344231041"/>
          <ticker value="WBD"/>
        </identifiers>
        <balance>1616417.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43093677.22000000</valUSD>
        <pctVal>2.580303791561</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>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-21</ncom:dateSigned>
      <ncom:nameOfApplicant>First Trust Exchange-Traded Fund</ncom:nameOfApplicant>
      <ncom:signature>Derek Maltbie</ncom:signature>
      <ncom:signerName>Derek Maltbie</ncom:signerName>
      <ncom:title>Treasurer, Chief Financial Officer and Chief Accounting Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
