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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zuora Inc</name>
        <lei>549300ISVGC1YZWQJ420</lei>
        <title>Zuora Inc</title>
        <cusip>98983V106</cusip>
        <identifiers>
          <isin value="US98983V1061"/>
          <ticker value="ZUO"/>
        </identifiers>
        <balance>-100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1498000.00000000</valUSD>
        <pctVal>-1.50881866299</pctVal>
        <payoffProfile>Short</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>Rivian Automotive Inc</name>
        <lei>N/A</lei>
        <title>Rivian Automotive Inc</title>
        <cusip>76954A103</cusip>
        <identifiers>
          <isin value="US76954A1034"/>
          <ticker value="RIVN"/>
        </identifiers>
        <balance>-30000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1507200.00000000</valUSD>
        <pctVal>-1.51808510605</pctVal>
        <payoffProfile>Short</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>CS Disco Inc</name>
        <lei>N/A</lei>
        <title>CS Disco Inc</title>
        <cusip>126327105</cusip>
        <identifiers>
          <isin value="US1263271058"/>
          <ticker value="LAW"/>
        </identifiers>
        <balance>-41738.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1417839.86000000</valUSD>
        <pctVal>-1.42807960073</pctVal>
        <payoffProfile>Short</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>FIDELITY INSTITUTIONAL MONEY MARKET GOVERNMENT PORTFOLIO ? CLASS III</name>
        <lei>N/A</lei>
        <title>FIDELITY INSTITUTIONAL MONEY MARKET GOVERNMENT PORTFOLIO ? CLASS III</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="X9USDFITY"/>
        </identifiers>
        <balance>31479272.57000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31479272.57000000</valUSD>
        <pctVal>31.70661812492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LivePerson Inc</name>
        <lei>549300IN2P1JZ20G7N40</lei>
        <title>LivePerson Inc</title>
        <cusip>538146101</cusip>
        <identifiers>
          <isin value="US5381461012"/>
          <ticker value="LPSN"/>
        </identifiers>
        <balance>-40000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-976800.00000000</valUSD>
        <pctVal>-0.98385451936</pctVal>
        <payoffProfile>Short</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>Beauty Health Co/The</name>
        <lei>5493001Z2JZQT4C63C50</lei>
        <title>Beauty Health Co/The</title>
        <cusip>88331L108</cusip>
        <identifiers>
          <isin value="US88331L1089"/>
          <ticker value="SKIN"/>
        </identifiers>
        <balance>-50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-844000.00000000</valUSD>
        <pctVal>-0.85009542828</pctVal>
        <payoffProfile>Short</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>Sonos Inc</name>
        <lei>549300WEPU6075I77M08</lei>
        <title>Sonos Inc</title>
        <cusip>83570H108</cusip>
        <identifiers>
          <isin value="US83570H1086"/>
          <ticker value="SONO"/>
        </identifiers>
        <balance>-50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1411000.00000000</valUSD>
        <pctVal>-1.42119034278</pctVal>
        <payoffProfile>Short</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>ACV Auctions Inc</name>
        <lei>N/A</lei>
        <title>ACV Auctions Inc</title>
        <cusip>00091G104</cusip>
        <identifiers>
          <isin value="US00091G1040"/>
          <ticker value="ACVA"/>
        </identifiers>
        <balance>-60000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-888600.00000000</valUSD>
        <pctVal>-0.89501753266</pctVal>
        <payoffProfile>Short</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>Western Digital Corp</name>
        <lei>549300QQXOOYEF89IC56</lei>
        <title>Western Digital Corp</title>
        <cusip>958102105</cusip>
        <identifiers>
          <isin value="US9581021055"/>
          <ticker value="WDC"/>
        </identifiers>
        <balance>-45000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2234250.00000000</valUSD>
        <pctVal>-2.25038591308</pctVal>
        <payoffProfile>Short</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>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>Service Properties Trust</title>
        <cusip>81761L102</cusip>
        <identifiers>
          <isin value="US81761L1026"/>
          <ticker value="SVC"/>
        </identifiers>
        <balance>-130000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1147900.00000000</valUSD>
        <pctVal>-1.15619021578</pctVal>
        <payoffProfile>Short</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>Hannon Armstrong Sustainable I</name>
        <lei>N/A</lei>
        <title>Hannon Armstrong Sustainable Infrastructure Capital Inc</title>
        <cusip>41068X100</cusip>
        <identifiers>
          <isin value="US41068X1000"/>
          <ticker value="HASI"/>
        </identifiers>
        <balance>-30000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1422900.00000000</valUSD>
        <pctVal>-1.43317628543</pctVal>
        <payoffProfile>Short</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>MeridianLink Inc</name>
        <lei>N/A</lei>
        <title>MeridianLink Inc</title>
        <cusip>58985J105</cusip>
        <identifiers>
          <isin value="US58985J1051"/>
          <ticker value="MLNK"/>
        </identifiers>
        <balance>-30000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-543000.00000000</valUSD>
        <pctVal>-0.54692158478</pctVal>
        <payoffProfile>Short</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>iShares Russell 2000 ETF</name>
        <lei>549300O80OAR5VTWR172</lei>
        <title>iShares Russell 2000 ETF</title>
        <cusip>464287655</cusip>
        <identifiers>
          <isin value="US4642876555"/>
          <ticker value="IWM"/>
        </identifiers>
        <balance>-30000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-6158100.00000000</valUSD>
        <pctVal>-6.20257423804</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Americold Realty Trust</name>
        <lei>549300R7N1V5YV8MWH02</lei>
        <title>Americold Realty Trust</title>
        <cusip>03064D108</cusip>
        <identifiers>
          <isin value="US03064D1081"/>
          <ticker value="COLD"/>
        </identifiers>
        <balance>-40805.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1137643.40000000</valUSD>
        <pctVal>-1.14585954189</pctVal>
        <payoffProfile>Short</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>OneMain Holdings Inc</name>
        <lei>549300E3VEW8SMS5XW09</lei>
        <title>OneMain Holdings Inc</title>
        <cusip>68268W103</cusip>
        <identifiers>
          <isin value="US68268W1036"/>
          <ticker value="OMF"/>
        </identifiers>
        <balance>-55000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2607550.00000000</valUSD>
        <pctVal>-2.62638191234</pctVal>
        <payoffProfile>Short</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>AptarGroup Inc</name>
        <lei>VNPEQDQFAA7IY1T2PX43</lei>
        <title>AptarGroup Inc</title>
        <cusip>038336103</cusip>
        <identifiers>
          <isin value="US0383361039"/>
          <ticker value="ATR"/>
        </identifiers>
        <balance>-14000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1645000.00000000</valUSD>
        <pctVal>-1.65688030749</pctVal>
        <payoffProfile>Short</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>MasTec Inc</name>
        <lei>549300TMDIT8WREDOF45</lei>
        <title>MasTec Inc</title>
        <cusip>576323109</cusip>
        <identifiers>
          <isin value="US5763231090"/>
          <ticker value="MTZ"/>
        </identifiers>
        <balance>-20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1742000.00000000</valUSD>
        <pctVal>-1.75458084842</pctVal>
        <payoffProfile>Short</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>Freshpet Inc</name>
        <lei>549300S4ZK8ZQ6HNPN59</lei>
        <title>Freshpet Inc</title>
        <cusip>358039105</cusip>
        <identifiers>
          <isin value="US3580391056"/>
          <ticker value="FRPT"/>
        </identifiers>
        <balance>-15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1539600.00000000</valUSD>
        <pctVal>-1.55071910116</pctVal>
        <payoffProfile>Short</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>Rackspace Technology Inc</name>
        <lei>N/A</lei>
        <title>Rackspace Technology Inc</title>
        <cusip>750102105</cusip>
        <identifiers>
          <isin value="US7501021056"/>
          <ticker value="RXT"/>
        </identifiers>
        <balance>-100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1116000.00000000</valUSD>
        <pctVal>-1.12405983171</pctVal>
        <payoffProfile>Short</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>Jack in the Box Inc</name>
        <lei>5493002OJW26P0SUUP68</lei>
        <title>Jack in the Box Inc</title>
        <cusip>466367109</cusip>
        <identifiers>
          <isin value="US4663671091"/>
          <ticker value="JACK"/>
        </identifiers>
        <balance>-12500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1167625.00000000</valUSD>
        <pctVal>-1.17605767114</pctVal>
        <payoffProfile>Short</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>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
        <cusip>172967424</cusip>
        <identifiers>
          <isin value="US1729674242"/>
          <ticker value="C"/>
        </identifiers>
        <balance>-40000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2136000.00000000</valUSD>
        <pctVal>-2.15142634456</pctVal>
        <payoffProfile>Short</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>Alliance Data Systems Corp</name>
        <lei>549300G8S4PO686J7H97</lei>
        <title>Alliance Data Systems Corp</title>
        <cusip>018581108</cusip>
        <identifiers>
          <isin value="US0185811082"/>
          <ticker value="ADS"/>
        </identifiers>
        <balance>-20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1123000.00000000</valUSD>
        <pctVal>-1.13111038621</pctVal>
        <payoffProfile>Short</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>Sprinklr Inc</name>
        <lei>254900AR04RJ2BQO5S78</lei>
        <title>Sprinklr Inc</title>
        <cusip>85208T107</cusip>
        <identifiers>
          <isin value="US85208T1079"/>
          <ticker value="CXM"/>
        </identifiers>
        <balance>-115000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1368500.00000000</valUSD>
        <pctVal>-1.37838340474</pctVal>
        <payoffProfile>Short</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>Cimpress PLC</name>
        <lei>549300X1IFD75XISOR81</lei>
        <title>Cimpress PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE00BKYC3F77"/>
          <ticker value="CMPR"/>
        </identifiers>
        <balance>-20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1271800.00000000</valUSD>
        <pctVal>-1.28098503043</pctVal>
        <payoffProfile>Short</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>Caesars Entertainment Inc</name>
        <lei>549300FA4CTCW903Y781</lei>
        <title>Caesars Entertainment Inc</title>
        <cusip>12769G100</cusip>
        <identifiers>
          <isin value="US12769G1004"/>
          <ticker value="CZR"/>
        </identifiers>
        <balance>-12000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-928320.00000000</valUSD>
        <pctVal>-0.93502439334</pctVal>
        <payoffProfile>Short</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>Pegasystems Inc</name>
        <lei>549300FMCOKPL06FYN26</lei>
        <title>Pegasystems Inc</title>
        <cusip>705573103</cusip>
        <identifiers>
          <isin value="US7055731035"/>
          <ticker value="PEGA"/>
        </identifiers>
        <balance>-22500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1814625.00000000</valUSD>
        <pctVal>-1.82773035136</pctVal>
        <payoffProfile>Short</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>Appfolio Inc</name>
        <lei>529900OOUUGT6JFC0S15</lei>
        <title>Appfolio Inc</title>
        <cusip>03783C100</cusip>
        <identifiers>
          <isin value="US03783C1009"/>
          <ticker value="APPF"/>
        </identifiers>
        <balance>-10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1132100.00000000</valUSD>
        <pctVal>-1.14027610706</pctVal>
        <payoffProfile>Short</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>Hanesbrands Inc</name>
        <lei>GX5LWVWZLL5S4W1L2F20</lei>
        <title>Hanesbrands Inc</title>
        <cusip>410345102</cusip>
        <identifiers>
          <isin value="US4103451021"/>
          <ticker value="HBI"/>
        </identifiers>
        <balance>-53000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-789170.00000000</valUSD>
        <pctVal>-0.79486944210</pctVal>
        <payoffProfile>Short</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>Intapp Inc</name>
        <lei>N/A</lei>
        <title>Intapp Inc</title>
        <cusip>45827U109</cusip>
        <identifiers>
          <isin value="US45827U1097"/>
          <ticker value="INTA"/>
        </identifiers>
        <balance>-40000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-960400.00000000</valUSD>
        <pctVal>-0.96733607739</pctVal>
        <payoffProfile>Short</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>Telephone and Data Systems Inc</name>
        <lei>N/A</lei>
        <title>Telephone and Data Systems Inc</title>
        <cusip>879433829</cusip>
        <identifiers>
          <isin value="US8794338298"/>
          <ticker value="TDS"/>
        </identifiers>
        <balance>-70000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1321600.00000000</valUSD>
        <pctVal>-1.33114468959</pctVal>
        <payoffProfile>Short</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>LendingTree Inc</name>
        <lei>549300ISY5YHUJZTON08</lei>
        <title>LendingTree Inc</title>
        <cusip>52603B107</cusip>
        <identifiers>
          <isin value="US52603B1070"/>
          <ticker value="TREE"/>
        </identifiers>
        <balance>-15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1795050.00000000</valUSD>
        <pctVal>-1.80801397931</pctVal>
        <payoffProfile>Short</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>Thoughtworks Holding Inc</name>
        <lei>N/A</lei>
        <title>Thoughtworks Holding Inc</title>
        <cusip>88546E105</cusip>
        <identifiers>
          <isin value="US88546E1055"/>
          <ticker value="TWKS"/>
        </identifiers>
        <balance>-80000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1664800.00000000</valUSD>
        <pctVal>-1.67682330450</pctVal>
        <payoffProfile>Short</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>Malibu Boats Inc</name>
        <lei>N/A</lei>
        <title>Malibu Boats Inc</title>
        <cusip>56117J100</cusip>
        <identifiers>
          <isin value="US56117J1007"/>
          <ticker value="MBUU"/>
        </identifiers>
        <balance>-20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1160200.00000000</valUSD>
        <pctVal>-1.16857904726</pctVal>
        <payoffProfile>Short</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>Exponent Inc</name>
        <lei>529900NY3F5Q2NWPUZ42</lei>
        <title>Exponent Inc</title>
        <cusip>30214U102</cusip>
        <identifiers>
          <isin value="US30214U1025"/>
          <ticker value="EXPO"/>
        </identifiers>
        <balance>-10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1080500.00000000</valUSD>
        <pctVal>-1.08830344817</pctVal>
        <payoffProfile>Short</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>NETGEAR Inc</name>
        <lei>54930067KX3UNRHDWA78</lei>
        <title>NETGEAR Inc</title>
        <cusip>64111Q104</cusip>
        <identifiers>
          <isin value="US64111Q1040"/>
          <ticker value="NTGR"/>
        </identifiers>
        <balance>-50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1234000.00000000</valUSD>
        <pctVal>-1.24291203613</pctVal>
        <payoffProfile>Short</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>AdvisorShares North Square McK</name>
        <lei>549300JV5T62F5E7S151</lei>
        <title>AdvisorShares North Square McKee Core Reserves ETF</title>
        <cusip>00768Y651</cusip>
        <identifiers>
          <isin value="US00768Y6510"/>
          <ticker value="HOLD"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19546000.00000000</valUSD>
        <pctVal>19.68716260808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Credit Suisse Group AG</name>
        <lei>549300506SI9CRFV9Z86</lei>
        <title>Credit Suisse Group AG</title>
        <cusip>225401108</cusip>
        <identifiers>
          <isin value="US2254011081"/>
          <ticker value="CS"/>
        </identifiers>
        <balance>-200000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1570000.00000000</valUSD>
        <pctVal>-1.58133865213</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Healthcare Services Group Inc</name>
        <lei>529900GVZ1D2FBYMS719</lei>
        <title>Healthcare Services Group Inc</title>
        <cusip>421906108</cusip>
        <identifiers>
          <isin value="US4219061086"/>
          <ticker value="HCSG"/>
        </identifiers>
        <balance>-60000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1114200.00000000</valUSD>
        <pctVal>-1.12224683198</pctVal>
        <payoffProfile>Short</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>iHeartMedia Inc</name>
        <lei>N/A</lei>
        <title>iHeartMedia Inc</title>
        <cusip>45174J509</cusip>
        <identifiers>
          <isin value="US45174J5092"/>
          <ticker value="IHRT"/>
        </identifiers>
        <balance>-87434.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1655125.62000000</valUSD>
        <pctVal>-1.66707905544</pctVal>
        <payoffProfile>Short</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>Greif Inc</name>
        <lei>54930070FVGKR0Z1FI24</lei>
        <title>Greif Inc</title>
        <cusip>397624107</cusip>
        <identifiers>
          <isin value="US3976241071"/>
          <ticker value="GEF"/>
        </identifiers>
        <balance>-10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-650600.00000000</valUSD>
        <pctVal>-0.65529867966</pctVal>
        <payoffProfile>Short</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>MarketAxess Holdings Inc</name>
        <lei>5493002U1CA1XJOVID83</lei>
        <title>MarketAxess Holdings Inc</title>
        <cusip>57060D108</cusip>
        <identifiers>
          <isin value="US57060D1081"/>
          <ticker value="MKTX"/>
        </identifiers>
        <balance>-12000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-4082400.00000000</valUSD>
        <pctVal>-4.11188338438</pctVal>
        <payoffProfile>Short</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>Corsair Gaming Inc</name>
        <lei>549300Y7YT18L8G0H525</lei>
        <title>Corsair Gaming Inc</title>
        <cusip>22041X102</cusip>
        <identifiers>
          <isin value="US22041X1028"/>
          <ticker value="CRSR"/>
        </identifiers>
        <balance>-40000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-846400.00000000</valUSD>
        <pctVal>-0.85251276125</pctVal>
        <payoffProfile>Short</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>United Natural Foods Inc</name>
        <lei>549300GKGW6WPZ282D40</lei>
        <title>United Natural Foods Inc</title>
        <cusip>911163103</cusip>
        <identifiers>
          <isin value="US9111631035"/>
          <ticker value="UNFI"/>
        </identifiers>
        <balance>-35000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1447250.00000000</valUSD>
        <pctVal>-1.45770214287</pctVal>
        <payoffProfile>Short</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>Coinbase Global Inc</name>
        <lei>5493004G3J2SC154DU06</lei>
        <title>Coinbase Global Inc</title>
        <cusip>19260Q107</cusip>
        <identifiers>
          <isin value="US19260Q1076"/>
          <ticker value="COIN"/>
        </identifiers>
        <balance>-8000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1518880.00000000</valUSD>
        <pctVal>-1.52984945984</pctVal>
        <payoffProfile>Short</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>Whirlpool Corp</name>
        <lei>WHENKOULSSK7WUM60H03</lei>
        <title>Whirlpool Corp</title>
        <cusip>963320106</cusip>
        <identifiers>
          <isin value="US9633201069"/>
          <ticker value="WHR"/>
        </identifiers>
        <balance>-15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2591700.00000000</valUSD>
        <pctVal>-2.61041744251</pctVal>
        <payoffProfile>Short</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>PTC Inc</name>
        <lei>54930050SSMU8SKDJ030</lei>
        <title>PTC Inc</title>
        <cusip>69370C100</cusip>
        <identifiers>
          <isin value="US69370C1009"/>
          <ticker value="PTC"/>
        </identifiers>
        <balance>-25000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2693000.00000000</valUSD>
        <pctVal>-2.71244903834</pctVal>
        <payoffProfile>Short</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>Lancaster Colony Corp</name>
        <lei>529900X4O13HED1ZAS58</lei>
        <title>Lancaster Colony Corp</title>
        <cusip>513847103</cusip>
        <identifiers>
          <isin value="US5138471033"/>
          <ticker value="LANC"/>
        </identifiers>
        <balance>-17000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-2535550.00000000</valUSD>
        <pctVal>-2.55386192320</pctVal>
        <payoffProfile>Short</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>BorgWarner Inc</name>
        <lei>549300DSFX2IE88NSX47</lei>
        <title>BorgWarner Inc</title>
        <cusip>099724106</cusip>
        <identifiers>
          <isin value="US0997241064"/>
          <ticker value="BWA"/>
        </identifiers>
        <balance>-19538.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-760028.20000000</valUSD>
        <pctVal>-0.76551717794</pctVal>
        <payoffProfile>Short</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>Lumen Technologies Inc</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
        <title>Lumen Technologies Inc</title>
        <cusip>550241103</cusip>
        <identifiers>
          <isin value="US5502411037"/>
          <ticker value="LUMN"/>
        </identifiers>
        <balance>-143383.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1615926.41000000</valUSD>
        <pctVal>-1.62759674595</pctVal>
        <payoffProfile>Short</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>IPG Photonics Corp</name>
        <lei>5493002KZ51CADQ94G15</lei>
        <title>IPG Photonics Corp</title>
        <cusip>44980X109</cusip>
        <identifiers>
          <isin value="US44980X1090"/>
          <ticker value="IPGP"/>
        </identifiers>
        <balance>-10000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1097600.00000000</valUSD>
        <pctVal>-1.10552694559</pctVal>
        <payoffProfile>Short</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>F5 Inc</name>
        <lei>54930015FPK9KT966303</lei>
        <title>F5 Inc</title>
        <cusip>315616102</cusip>
        <identifiers>
          <isin value="US3156161024"/>
          <ticker value="FFIV"/>
        </identifiers>
        <balance>-5000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1044750.00000000</valUSD>
        <pctVal>-1.05229525912</pctVal>
        <payoffProfile>Short</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>PVH Corp</name>
        <lei>123WALMHY1GZXG2YDL90</lei>
        <title>PVH Corp</title>
        <cusip>693656100</cusip>
        <identifiers>
          <isin value="US6936561009"/>
          <ticker value="PVH"/>
        </identifiers>
        <balance>-15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1149150.00000000</valUSD>
        <pctVal>-1.15744924337</pctVal>
        <payoffProfile>Short</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>BlackRock Liquidity FedFund</name>
        <lei>N/A</lei>
        <title>BlackRock Liquidity FedFund</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="X9USDBLFD"/>
        </identifiers>
        <balance>122124534.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>122124534.00000000</valUSD>
        <pctVal>123.0065261073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sinclair Broadcast Group Inc</name>
        <lei>529900879GWQV880PQ28</lei>
        <title>Sinclair Broadcast Group Inc</title>
        <cusip>829226109</cusip>
        <identifiers>
          <isin value="US8292261091"/>
          <ticker value="SBGI"/>
        </identifiers>
        <balance>-40000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1120800.00000000</valUSD>
        <pctVal>-1.12889449765</pctVal>
        <payoffProfile>Short</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>National Beverage Corp</name>
        <lei>549300O9MZIQJI8TGV17</lei>
        <title>National Beverage Corp</title>
        <cusip>635017106</cusip>
        <identifiers>
          <isin value="US6350171061"/>
          <ticker value="FIZZ"/>
        </identifiers>
        <balance>-40000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1740000.00000000</valUSD>
        <pctVal>-1.75256640428</pctVal>
        <payoffProfile>Short</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>Snap-on Inc</name>
        <lei>HHWAT5TDOYZMM26KKQ73</lei>
        <title>Snap-on Inc</title>
        <cusip>833034101</cusip>
        <identifiers>
          <isin value="US8330341012"/>
          <ticker value="SNA"/>
        </identifiers>
        <balance>-19700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-4047956.00000000</valUSD>
        <pctVal>-4.07719062735</pctVal>
        <payoffProfile>Short</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>Qualtrics International Inc</name>
        <lei>549300NW34K5PVZGTN68</lei>
        <title>Qualtrics International Inc</title>
        <cusip>747601201</cusip>
        <identifiers>
          <isin value="US7476012015"/>
          <ticker value="XM"/>
        </identifiers>
        <balance>-50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1427500.00000000</valUSD>
        <pctVal>-1.43780950696</pctVal>
        <payoffProfile>Short</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>MDU Resources Group Inc</name>
        <lei>N/A</lei>
        <title>MDU Resources Group Inc</title>
        <cusip>552690109</cusip>
        <identifiers>
          <isin value="US5526901096"/>
          <ticker value="MDU"/>
        </identifiers>
        <balance>-60000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1599000.00000000</valUSD>
        <pctVal>-1.61054809220</pctVal>
        <payoffProfile>Short</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>Wynn Resorts Ltd</name>
        <lei>254900CEKKWIHTEAB172</lei>
        <title>Wynn Resorts Ltd</title>
        <cusip>983134107</cusip>
        <identifiers>
          <isin value="US9831341071"/>
          <ticker value="WYNN"/>
        </identifiers>
        <balance>-17000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1355580.00000000</valUSD>
        <pctVal>-1.36537009558</pctVal>
        <payoffProfile>Short</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>2022-05-20</ncom:dateSigned>
      <ncom:nameOfApplicant>AdvisorShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Dan Ahrens</ncom:signature>
      <ncom:signerName>Dan Ahrens</ncom:signerName>
      <ncom:title>Secretary and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
