<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
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		<isConfidential>false</isConfidential>
		<filerInfo>

			<filer>
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					<ccc>XXXXXXXX</ccc>
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			<regName>CALIFORNIA FIRST LEASING CORP</regName>
			<regFileNumber>811-23782</regFileNumber>
			<regCik>0000803016</regCik>
			<regLei>894500AUBHBFB3137873</regLei>
			<regStreet1>5000 BIRCH STREET</regStreet1>
			<regStreet2>SUITE 500</regStreet2>
			<regCity>NEWPORT BEACH</regCity>
			<regStateConditional regCountry="US" regState="US-CA"/>
			<regZipOrPostalCode>92660</regZipOrPostalCode>
			<regPhone>949-255-0500</regPhone>
			<seriesName>N/A</seriesName>
			<seriesLei>N/A</seriesLei>
			<repPdEnd>2025-06-30</repPdEnd>
			<repPdDate>2024-12-31</repPdDate>
			<isFinalFiling>N</isFinalFiling>
		</genInfo>
		<fundInfo>
			<totAssets>274409110</totAssets>
			<totLiabs>21921583</totLiabs>
			<netAssets>252487527</netAssets>
			<assetsAttrMiscSec>0</assetsAttrMiscSec>
			<assetsInvested>0</assetsInvested>
			<amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
			<amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp>
			<amtPayOneYrOthAffil>0</amtPayOneYrOthAffil>
			<amtPayOneYrOther>0</amtPayOneYrOther>
			<amtPayAftOneYrBanksBorr>0</amtPayAftOneYrBanksBorr>
			<amtPayAftOneYrCtrldComp>0</amtPayAftOneYrCtrldComp>
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			<amtPayAftOneYrOther>0</amtPayAftOneYrOther>
			<delayDeliv>0</delayDeliv>
			<standByCommit>0</standByCommit>
			<liquidPref>0</liquidPref>
			<cshNotRptdInCorD>21602995</cshNotRptdInCorD>
			<isNonCashCollateral>N</isNonCashCollateral>
			<returnInfo>
				<monthlyTotReturns>
					<monthlyTotReturn rtn1="-2.31" rtn2="3.99" rtn3="0.12"/>
				</monthlyTotReturns>
				<monthlyReturnCats/>
				<othMon1 netRealizedGain="-458537" netUnrealizedAppr="-11840859"/>
				<othMon2 netRealizedGain="0" netUnrealizedAppr="18948992"/>
				<othMon3 netRealizedGain="0" netUnrealizedAppr="305698"/>
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			<mon1Flow redemption="0" reinvestment="0" sales="0"/>
			<mon2Flow redemption="0" reinvestment="0" sales="0"/>
			<mon3Flow redemption="0" reinvestment="0" sales="0"/>
		</fundInfo>
		<invstOrSecs>
			<invstOrSec>
				<name>Advanced Micro Devices Inc.</name>
				<lei>R2I72C950HOYXII45366</lei>
				<title>COM</title>
				<cusip>007903107</cusip>
				<identifiers>
					<ticker value="AMD"/>
				</identifiers>
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				<units>NS</units>
				<curCd>USD</curCd>
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				<pctVal>1.775</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
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					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
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			<invstOrSec>
				<name>Alibaba Grp Hldg</name>
				<lei>5493001NTNQJDH60PM02</lei>
				<title>SPONSORED ADS</title>
				<cusip>01609W102</cusip>
				<identifiers>
					<ticker value="BABA"/>
				</identifiers>
				<balance>4900</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>415471</valUSD>
				<pctVal>0.165</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Allison Transmission Hldgs I</name>
				<lei>529900RP7DJ882LI9T83</lei>
				<title>COM</title>
				<cusip>01973R101</cusip>
				<identifiers>
					<ticker value="ALSN"/>
				</identifiers>
				<balance>42290</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>4569857</valUSD>
				<pctVal>1.81</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>Alphabet Inc.</name>
				<lei>5493006MHB84DD0ZWV18</lei>
				<title>CAP STK CL A</title>
				<cusip>02079K305</cusip>
				<identifiers>
					<ticker value="GOOGL"/>
				</identifiers>
				<balance>105100</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>19895430</valUSD>
				<pctVal>7.88</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>Applied Materials</name>
				<lei>41BNNE1AFPNAZELZ6K07</lei>
				<title>COM</title>
				<cusip>038222105</cusip>
				<identifiers>
					<ticker value="AMAT"/>
				</identifiers>
				<balance>92836</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>15097919</valUSD>
				<pctVal>5.98</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>AppLovin Corp</name>
				<lei>549300LLVXMUAOL3SQ07</lei>
				<title>COM CL A</title>
				<cusip>03831W108</cusip>
				<identifiers>
					<ticker value="APP"/>
				</identifiers>
				<balance>31937</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>10342159</valUSD>
				<pctVal>4.096</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>Bank of America Corporation</name>
				<lei>9DJT3UXIJIZJI4WXO774</lei>
				<title>COM</title>
				<cusip>060505104</cusip>
				<identifiers>
					<ticker value="BAC"/>
				</identifiers>
				<balance>117500</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5164125</valUSD>
				<pctVal>2.045</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>Berkshire Hathaway Inc Del</name>
				<lei>5493000C01ZX7D35SD85</lei>
				<title>CL B NEW</title>
				<cusip>084670702</cusip>
				<identifiers>
					<ticker value="BRK.B"/>
				</identifiers>
				<balance>3364</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1524834</valUSD>
				<pctVal>0.604</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>Bristol Myers Squibb</name>
				<lei>HLYYNH7UQUORYSJQCN42</lei>
				<title>COM</title>
				<cusip>110122108</cusip>
				<identifiers>
					<ticker value="BMY"/>
				</identifiers>
				<balance>132800</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>7511168</valUSD>
				<pctVal>2.975</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>British American Tobacco</name>
				<lei>213800FKA5MF17RJKT63</lei>
				<title>SPONSORED ADR</title>
				<cusip>110448107</cusip>
				<identifiers>
					<ticker value="BTI"/>
				</identifiers>
				<balance>52500</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1906800</valUSD>
				<pctVal>0.755</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>GB</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Charter Communications Inc</name>
				<lei>0J0XRGZE3PBRFEZ7MV65</lei>
				<title>CL A</title>
				<cusip>16119P108</cusip>
				<identifiers>
					<ticker value="CHTR"/>
				</identifiers>
				<balance>7657</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2624590</valUSD>
				<pctVal>1.039</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>Cigna Corp New</name>
				<lei>549300VIWYMSIGT1U456</lei>
				<title>COM</title>
				<cusip>125523100</cusip>
				<identifiers>
					<ticker value="CI"/>
				</identifiers>
				<balance>30710</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>8480259</valUSD>
				<pctVal>3.359</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>Cleveland-Cliffs Inc.</name>
				<lei>549300TM2WLI2BJMDD86</lei>
				<title>COM</title>
				<cusip>185899101</cusip>
				<identifiers>
					<ticker value="CLF"/>
				</identifiers>
				<balance>100000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>940000</valUSD>
				<pctVal>0.372</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>Cognizant Technology Solutions</name>
				<lei>5493006IEVQEFQO40L83</lei>
				<title>CL A</title>
				<cusip>192446102</cusip>
				<identifiers>
					<ticker value="CTSH"/>
				</identifiers>
				<balance>32799</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2522243</valUSD>
				<pctVal>0.999</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>Consol Energy Inc NEW</name>
				<lei>549300YJCTPJBTK7IJ81</lei>
				<title>COM</title>
				<cusip>20854L108</cusip>
				<identifiers>
					<ticker value="CEIX"/>
				</identifiers>
				<balance>21300</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2272284</valUSD>
				<pctVal>0.9</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>Credit Acceptance Corporation</name>
				<lei>N/A</lei>
				<title>COM</title>
				<cusip>225310101</cusip>
				<identifiers>
					<ticker value="CACC"/>
				</identifiers>
				<balance>1220</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>572741</valUSD>
				<pctVal>0.227</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>Dupont De Nemours</name>
				<lei>5493004JF0SDFLM8GD76</lei>
				<title>COM</title>
				<cusip>26614N102</cusip>
				<identifiers>
					<ticker value="DD"/>
				</identifiers>
				<balance>53940</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>4112925</valUSD>
				<pctVal>1.629</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>Everest RE Group LTD</name>
				<lei>549300N24XF2VV0B3570</lei>
				<title>COM</title>
				<cusip>G3223R108</cusip>
				<identifiers>
					<ticker value="EG"/>
				</identifiers>
				<balance>7740</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2805440</valUSD>
				<pctVal>1.111</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>Exxon Mobil</name>
				<lei>J3WHBG0MTS7O8ZVMDC91</lei>
				<title>COM</title>
				<cusip>30231G102</cusip>
				<identifiers>
					<ticker value="XOM"/>
				</identifiers>
				<balance>160800</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>17297256</valUSD>
				<pctVal>6.851</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>Fiverr Intl LTD</name>
				<lei>549300Z8OREY6THCPF67</lei>
				<title>ORD SHS</title>
				<cusip>M4R82T106</cusip>
				<identifiers>
					<ticker value="FVRR"/>
				</identifiers>
				<balance>71710</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2275358</valUSD>
				<pctVal>0.901</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>IL</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Global Payments Inc.</name>
				<lei>549300NOMHGVQBX6S778</lei>
				<title>COM</title>
				<cusip>37940X102</cusip>
				<identifiers>
					<ticker value="GPN"/>
				</identifiers>
				<balance>35650</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3994939</valUSD>
				<pctVal>1.582</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>Goldman Sachs Group Inc.</name>
				<lei>784F5XWPLTWKTBV3E584</lei>
				<title>COM</title>
				<cusip>38141G104</cusip>
				<identifiers>
					<ticker value="GS"/>
				</identifiers>
				<balance>23200</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>13284784</valUSD>
				<pctVal>5.262</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>iShares TR</name>
				<lei>549300O80OAR5VTWR172</lei>
				<title>Russell 2000 ETF</title>
				<cusip>464287655</cusip>
				<identifiers>
					<ticker value="IWM"/>
				</identifiers>
				<balance>29705</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6563617</valUSD>
				<pctVal>2.6</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>Itron Inc</name>
				<lei>24F6LSZD18II6ICG6S41</lei>
				<title>COM</title>
				<cusip>465741106</cusip>
				<identifiers>
					<ticker value="ITRI"/>
				</identifiers>
				<balance>8400</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>912072</valUSD>
				<pctVal>0.361</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>JPMorgan Chase &amp; Co</name>
				<lei>8I5DZWZKVSZI1NUHU748</lei>
				<title>COM</title>
				<cusip>46625H100</cusip>
				<identifiers>
					<ticker value="JPM"/>
				</identifiers>
				<balance>4380</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1049930</valUSD>
				<pctVal>0.416</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>Leidos Holdings Inc</name>
				<lei>549300IUTGTP6EJP8124</lei>
				<title>COM</title>
				<cusip>525327102</cusip>
				<identifiers>
					<ticker value="LDOS"/>
				</identifiers>
				<balance>10181</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1466675</valUSD>
				<pctVal>0.581</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>Lithia Mtrs Inc</name>
				<lei>SE8N1EZEHPZQBCBVKD53</lei>
				<title>COM</title>
				<cusip>536797103</cusip>
				<identifiers>
					<ticker value="LAD"/>
				</identifiers>
				<balance>10759</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3845589</valUSD>
				<pctVal>1.523</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>Marvell Technology Inc.</name>
				<lei>254900KSAN8UAG2DJC37</lei>
				<title>COM</title>
				<cusip>573874104</cusip>
				<identifiers>
					<ticker value="MRVL"/>
				</identifiers>
				<balance>130800</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>14446860</valUSD>
				<pctVal>5.722</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>Match Group Inc NEW</name>
				<lei>15OMOPB0A8K0EFUVD031</lei>
				<title>COM</title>
				<cusip>57667L107</cusip>
				<identifiers>
					<ticker value="MTCH"/>
				</identifiers>
				<balance>68500</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2240635</valUSD>
				<pctVal>0.887</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>Meta Platforms Inc.</name>
				<lei>BQ4BKCS1HXDV9HN80Z93</lei>
				<title>CL A</title>
				<cusip>30303M102</cusip>
				<identifiers>
					<ticker value="META"/>
				</identifiers>
				<balance>13907</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>8142688</valUSD>
				<pctVal>3.225</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>Micron Technology Inc.</name>
				<lei>B3DXGBC8GAIYWI2Z0172</lei>
				<title>COM</title>
				<cusip>595112103</cusip>
				<identifiers>
					<ticker value="MU"/>
				</identifiers>
				<balance>81300</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6842208</valUSD>
				<pctVal>2.71</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>Netflix.com Inc.</name>
				<lei>549300Y7VHGU0I7CE873</lei>
				<title>COM</title>
				<cusip>64110L106</cusip>
				<identifiers>
					<ticker value="NFLX"/>
				</identifiers>
				<balance>2650</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2361998</valUSD>
				<pctVal>0.935</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>On Hldg Ag</name>
				<lei>N/A</lei>
				<title>NAMEN AKT A</title>
				<cusip>H5919C104</cusip>
				<identifiers>
					<ticker value="ONON"/>
				</identifiers>
				<balance>101100</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5537247</valUSD>
				<pctVal>2.193</pctVal>
				<payoffProfile>Long</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>Ovintiv Inc.</name>
				<lei>2549003MEX7YMKLGI239</lei>
				<title>COM</title>
				<cusip>69047Q102</cusip>
				<identifiers>
					<ticker value="OVV"/>
				</identifiers>
				<balance>159925</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6476962</valUSD>
				<pctVal>2.565</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>PayPal Hldgs Inc</name>
				<lei>LBQ3CAGQB6M55WHL3G85</lei>
				<title>COM</title>
				<cusip>70450Y103</cusip>
				<identifiers>
					<ticker value="PYPL"/>
				</identifiers>
				<balance>47100</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>4019985</valUSD>
				<pctVal>1.592</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>Qualcomm Inc.</name>
				<lei>H1J8DDZKZP6H7RWC0H53</lei>
				<title>COM</title>
				<cusip>747525103</cusip>
				<identifiers>
					<ticker value="QCOM"/>
				</identifiers>
				<balance>58650</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>9009813</valUSD>
				<pctVal>3.568</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>Schlumberger LTD</name>
				<lei>213800ZUA17OK3QLGM62</lei>
				<title>COM</title>
				<cusip>806857108</cusip>
				<identifiers>
					<ticker value="SLB"/>
				</identifiers>
				<balance>129000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>4945860</valUSD>
				<pctVal>1.959</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CW</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Shutterstock Inc</name>
				<lei>529900G2TDIS56V0LO22</lei>
				<title>COM</title>
				<cusip>825690100</cusip>
				<identifiers>
					<ticker value="SSTK"/>
				</identifiers>
				<balance>27885</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>846310</valUSD>
				<pctVal>0.335</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>SPDR SER TR</name>
				<lei>549300NYZX301TBLUJ08</lei>
				<title>PORTFOLIO S&amp;P600</title>
				<cusip>78468R853</cusip>
				<identifiers>
					<ticker value="SPSM"/>
				</identifiers>
				<balance>103485</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>4648546</valUSD>
				<pctVal>1.841</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>Taiwan Semiconductor Mfg LTD</name>
				<lei>549300KB6NK5SBD14S87</lei>
				<title>SPONSORED ADS</title>
				<cusip>874039100</cusip>
				<identifiers>
					<ticker value="TSM"/>
				</identifiers>
				<balance>31150</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6151814</valUSD>
				<pctVal>2.436</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>TW</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Twilio Inc</name>
				<lei>5493004W8TRGD63APX93</lei>
				<title>CL A</title>
				<cusip>90138F102</cusip>
				<identifiers>
					<ticker value="TWLO"/>
				</identifiers>
				<balance>22900</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2475032</valUSD>
				<pctVal>0.98</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>United Health Group</name>
				<lei>549300GHBMY8T5GXDE41</lei>
				<title>COM</title>
				<cusip>91324P102</cusip>
				<identifiers>
					<ticker value="UNH"/>
				</identifiers>
				<balance>2489</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1259086</valUSD>
				<pctVal>0.499</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>Vail Resorts Inc</name>
				<lei>529900PSZHRNU9HKH870</lei>
				<title>COM</title>
				<cusip>91879Q109</cusip>
				<identifiers>
					<ticker value="MTN"/>
				</identifiers>
				<balance>14648</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2745768</valUSD>
				<pctVal>1.087</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>Verizon Communications</name>
				<lei>2S72QS2UO2OESLG6Y829</lei>
				<title>COM</title>
				<cusip>92343V104</cusip>
				<identifiers>
					<ticker value="VZ"/>
				</identifiers>
				<balance>173750</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6948262</valUSD>
				<pctVal>2.752</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>Wells Fargo &amp; Co.</name>
				<lei>KB1H1DSPRFMYMCUFXT09</lei>
				<title>COM</title>
				<cusip>949746101</cusip>
				<identifiers>
					<ticker value="WFC"/>
				</identifiers>
				<balance>106400</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>7473536</valUSD>
				<pctVal>2.96</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>
		<signature>
			<ncom:dateSigned>2025-02-05</ncom:dateSigned>
			<ncom:nameOfApplicant>CALIFORNIA FIRST LEASING CORP</ncom:nameOfApplicant>
			<ncom:signature>/s/ Andrew Branin</ncom:signature>
			<ncom:signerName>Andrew Branin</ncom:signerName>
			<ncom:title>SVP-Accounting</ncom:title>
		</signature>
	</formData>
</edgarSubmission>
