Conifer Management — LAD

How Conifer Management's position in Lithia Motors Inc. changed quarter by quarter. Change badges compare each quarter to the fund's immediately-prior filing.

Quarter	Shares	Value	% of portfolio	Change
Q1 2026	212,000	$52,940,640	10.11%	TRIM
Q4 2025	400,000	$132,932,000	22.02%	NEW