<?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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		<submissionType>NPORT-P</submissionType>
		<isConfidential>false</isConfidential>
		<filerInfo>

			<filer>
				<issuerCredentials>
					<cik>0000803016</cik>
					<ccc>XXXXXXXX</ccc>
				</issuerCredentials>
			</filer>



		</filerInfo>
	</headerData>
	<formData>
		<genInfo>
			<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>2026-06-30</repPdEnd>
			<repPdDate>2025-09-30</repPdDate>
			<isFinalFiling>N</isFinalFiling>
		</genInfo>
		<fundInfo>
			<totAssets>301927652</totAssets>
			<totLiabs>29987054</totLiabs>
			<netAssets>271940598</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>
			<amtPayAftOneYrOthAffil>0</amtPayAftOneYrOthAffil>
			<amtPayAftOneYrOther>0</amtPayAftOneYrOther>
			<delayDeliv>0</delayDeliv>
			<standByCommit>0</standByCommit>
			<liquidPref>0</liquidPref>
			<cshNotRptdInCorD>22829160</cshNotRptdInCorD>
			<isNonCashCollateral>N</isNonCashCollateral>
			<returnInfo>
				<monthlyTotReturns>
					<monthlyTotReturn rtn1="3.36" rtn2="1.03" rtn3="-0.33"/>
				</monthlyTotReturns>
				<monthlyReturnCats/>
				<othMon1 netRealizedGain="21959" netUnrealizedAppr="16829565"/>
				<othMon2 netRealizedGain="0" netUnrealizedAppr="-5065089"/>
				<othMon3 netRealizedGain="0" netUnrealizedAppr="-1747383"/>
			</returnInfo>
			<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</name>
				<lei>R2I72C950HOYXII45366</lei>
				<title>COM</title>
				<cusip>007903107</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="AMD"/>
				</identifiers>
				<balance>54000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>8736660</valUSD>
				<pctVal>3.213</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>ALIBABA GRP HLDG LTD ADR</name>
				<lei>5493001NTNQJDH60PM02</lei>
				<title>SPONSORED ADS</title>
				<cusip>01609W102</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="BABA"/>
				</identifiers>
				<balance>4900</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>875777</valUSD>
				<pctVal>0.322</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>ALIGN TECH INC</name>
				<lei>549300N5YSE0U3LCP840</lei>
				<title>COM</title>
				<cusip>016255101</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="ALGN"/>
				</identifiers>
				<balance>41260</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>5166577.2</valUSD>
				<pctVal>1.9</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>ALLISON TRANSMISSION</name>
				<lei>529900RP7DJ882LI9T83</lei>
				<title>COM</title>
				<cusip>01973R101</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="ALSN"/>
				</identifiers>
				<balance>42290</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3589575.2</valUSD>
				<pctVal>1.32</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      VOTING</name>
				<lei>5493006MHB84DD0ZWV18</lei>
				<title>CAP STK CL A </title>
				<cusip>02079K305</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="GOOGL"/>
				</identifiers>
				<balance>105100</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>25549810</valUSD>
				<pctVal>9.395</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 INC</name>
				<lei>41BNNE1AFPNAZELZ6K07</lei>
				<title>COM</title>
				<cusip>038222105</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="AMAT"/>
				</identifiers>
				<balance>92836</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>19007242.64</valUSD>
				<pctVal>6.989</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>BANCORP INC DEL</name>
				<lei>894500FP2ICT1B019Y71</lei>
				<title>COM</title>
				<cusip>05969A105</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="TBBK"/>
				</identifiers>
				<balance>24701</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1849857.89</valUSD>
				<pctVal>0.68</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 CORP</name>
				<lei>9DJT3UXIJIZJI4WXO774</lei>
				<title>COM</title>
				<cusip>060505104</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="BAC"/>
				</identifiers>
				<balance>117500</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6061825</valUSD>
				<pctVal>2.229</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</name>
				<lei>5493000C01ZX7D35SD85</lei>
				<title>CL B NEW</title>
				<cusip>084670702</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="BRK.B"/>
				</identifiers>
				<balance>3364</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1691217.36</valUSD>
				<pctVal>0.622</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 AMERN TOB PLC</name>
				<lei>213800FKA5MF17RJKT63</lei>
				<title>SPONSORED ADR</title>
				<cusip>110448107</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="BTI"/>
				</identifiers>
				<balance>52500</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2786700</valUSD>
				<pctVal>1.025</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</name>
				<lei>0J0XRGZE3PBRFEZ7MV65</lei>
				<title>CL A</title>
				<cusip>16119P108</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="CHTR"/>
				</identifiers>
				<balance>12382</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3406350.11</valUSD>
				<pctVal>1.253</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>COMFORT SYS USA INC</name>
				<lei>5299009DT1ZA5HTU6R38</lei>
				<title>COM</title>
				<cusip>199908104</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="FIX"/>
				</identifiers>
				<balance>8720</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>7195569.6</valUSD>
				<pctVal>2.646</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>CORE NAT RES INC</name>
				<lei>549300YJCTPJBTK7IJ81</lei>
				<title>COM</title>
				<cusip>218937100</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="CNR"/>
				</identifiers>
				<balance>28200</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2354136</valUSD>
				<pctVal>0.866</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 CORP</name>
				<lei>N/A</lei>
				<title>COM</title>
				<cusip>225310101</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="CACC"/>
				</identifiers>
				<balance>1220</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>569654.6</valUSD>
				<pctVal>0.209</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>DIGITALOCEAN HOLDINGS</name>
				<lei>549300EPISPY3RE3DL21</lei>
				<title>COM</title>
				<cusip>25402D102</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="DOCN"/>
				</identifiers>
				<balance>87600</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2992416</valUSD>
				<pctVal>1.1</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>
					<isin value="N/A"/>
					<ticker value="DD"/>
				</identifiers>
				<balance>53940</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>4201926</valUSD>
				<pctVal>1.545</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>EMCOR GROUP INC</name>
				<lei>529900X0SQJB2J7YDU43</lei>
				<title>COM</title>
				<cusip>29084Q100</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="EME"/>
				</identifiers>
				<balance>4748</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3084015.92</valUSD>
				<pctVal>1.134</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 GROUP LTD</name>
				<lei>549300N24XF2VV0B3570</lei>
				<title>COM</title>
				<cusip>G3223R108</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="EG"/>
				</identifiers>
				<balance>7740</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2710780.2</valUSD>
				<pctVal>0.997</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 CORP</name>
				<lei>J3WHBG0MTS7O8ZVMDC91</lei>
				<title>COM</title>
				<cusip>30231G102</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="XOM"/>
				</identifiers>
				<balance>160800</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>18130200</valUSD>
				<pctVal>6.667</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>
					<isin value="N/A"/>
					<ticker value="FVRR"/>
				</identifiers>
				<balance>79610</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1943280.1</valUSD>
				<pctVal>0.715</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>GOLDMAN SACHS GROUP INC</name>
				<lei>784F5XWPLTWKTBV3E584</lei>
				<title>COM</title>
				<cusip>38141G104</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="GS"/>
				</identifiers>
				<balance>23200</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>18475320</valUSD>
				<pctVal>6.794</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 BITCOIN TR   ETF</name>
				<lei>529900YDSWTI8DQ5WI43</lei>
				<title>SHS BEN INT</title>
				<cusip>46438F101</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="IBIT"/>
				</identifiers>
				<balance>45000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2925000</valUSD>
				<pctVal>1.076</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>COMM</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>ISHARES ETHEREUM TR  ETF</name>
				<lei>529900M7AJ6IYSU9SP67</lei>
				<title>SHS</title>
				<cusip>46438R105</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="ETHA"/>
				</identifiers>
				<balance>192900</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>6078279</valUSD>
				<pctVal>2.235</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>COMM</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>ISHARES RUSSELL 2000 ETF</name>
				<lei>549300O80OAR5VTWR172</lei>
				<title>Russell 2000 ETF</title>
				<cusip>464287655</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="IWM"/>
				</identifiers>
				<balance>29705</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>7187421.8</valUSD>
				<pctVal>2.643</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>
					<isin value="N/A"/>
					<ticker value="ITRI"/>
				</identifiers>
				<balance>26950</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3356892</valUSD>
				<pctVal>1.234</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>
					<isin value="N/A"/>
					<ticker value="JPM"/>
				</identifiers>
				<balance>4380</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1381583.4</valUSD>
				<pctVal>0.508</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>
					<isin value="N/A"/>
					<ticker value="LDOS"/>
				</identifiers>
				<balance>19231</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3633889.76</valUSD>
				<pctVal>1.336</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>
					<isin value="N/A"/>
					<ticker value="LAD"/>
				</identifiers>
				<balance>10759</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3399844</valUSD>
				<pctVal>1.25</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>
					<isin value="N/A"/>
					<ticker value="MRVL"/>
				</identifiers>
				<balance>130800</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>10996356</valUSD>
				<pctVal>4.044</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>
					<isin value="N/A"/>
					<ticker value="META"/>
				</identifiers>
				<balance>17739</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>13027166.82</valUSD>
				<pctVal>4.79</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>
					<isin value="N/A"/>
					<ticker value="MU"/>
				</identifiers>
				<balance>86400</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>14456448</valUSD>
				<pctVal>5.316</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>
					<isin value="N/A"/>
					<ticker value="NFLX"/>
				</identifiers>
				<balance>2650</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3177138</valUSD>
				<pctVal>1.168</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 HOLDING AG</name>
				<lei>506700FB3467B9W95526</lei>
				<title>NAMEN AKT A</title>
				<cusip>H5919C104</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="ONON"/>
				</identifiers>
				<balance>63100</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2672285</valUSD>
				<pctVal>0.983</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>PAYPAL HOLDINGS INC</name>
				<lei>LBQ3CAGQB6M55WHL3G85</lei>
				<title>COM</title>
				<cusip>70450Y103</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="PYPL"/>
				</identifiers>
				<balance>55550</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3725183</valUSD>
				<pctVal>1.37</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>
					<isin value="N/A"/>
					<ticker value="QCOM"/>
				</identifiers>
				<balance>58650</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>9757014</valUSD>
				<pctVal>3.588</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>
					<isin value="N/A"/>
					<ticker value="SLB"/>
				</identifiers>
				<balance>129000</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>4433730</valUSD>
				<pctVal>1.63</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>STRIDE INC</name>
				<lei>254900BRWS3AFONWU277</lei>
				<title>COM</title>
				<cusip>86333M108</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="LRN"/>
				</identifiers>
				<balance>16885</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2514851.9</valUSD>
				<pctVal>0.925</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>TAIWAN SEMICONDUCTOR</name>
				<lei>549300KB6NK5SBD14S87</lei>
				<title>Sponsored ADS</title>
				<cusip>874039100</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="TSM"/>
				</identifiers>
				<balance>36550</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>10208049.5</valUSD>
				<pctVal>3.754</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>THE CIGNA GROUP</name>
				<lei>549300VIWYMSIGT1U456</lei>
				<title>COM</title>
				<cusip>125523100</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="CI"/>
				</identifiers>
				<balance>30710</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>8852157.5</valUSD>
				<pctVal>3.255</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>TWILIO INC</name>
				<lei>5493004W8TRGD63APX93</lei>
				<title>CL A</title>
				<cusip>90138F102</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="TWLO"/>
				</identifiers>
				<balance>36200</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3623258</valUSD>
				<pctVal>1.332</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>UNITEDHEALTH GROUP</name>
				<lei>549300GHBMY8T5GXDE41</lei>
				<title>COM</title>
				<cusip>91324P102</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="UNH"/>
				</identifiers>
				<balance>2489</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>859451.7</valUSD>
				<pctVal>0.316</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>
					<isin value="N/A"/>
					<ticker value="MTN"/>
				</identifiers>
				<balance>23708</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3546005.56</valUSD>
				<pctVal>1.304</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 NEW</name>
				<lei>KB1H1DSPRFMYMCUFXT09</lei>
				<title>COM</title>
				<cusip>949746101</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="WFC"/>
				</identifiers>
				<balance>106400</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>8918448</valUSD>
				<pctVal>3.28</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>ZETA GLOBAL HOLDINGS</name>
				<lei>2549008P9XSJQHGQ9S27</lei>
				<title>CL A</title>
				<cusip>98956A105</cusip>
				<identifiers>
					<isin value="N/A"/>
					<ticker value="ZETA"/>
				</identifiers>
				<balance>201163</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3997108.81</valUSD>
				<pctVal>1.47</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>2025-11-21</ncom:dateSigned>
			<ncom:nameOfApplicant>CALIFORNIA FIRST LEASING CORP</ncom:nameOfApplicant>
			<ncom:signature>/s/ S. LESLIE JEWETT</ncom:signature>
			<ncom:signerName>S. LESLIE JEWETT</ncom:signerName>
			<ncom:title>CFO</ncom:title>
		</signature>
	</formData>
	<documents>XXXX</documents>
</edgarSubmission>
