Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EQPT	EQUIPMENTSHARE COM INC	13,526,731	$276M	19.3%	$20.37	—	COM CL A	29445S100
AMAT	APPLIED MATERIAL INC	37,355	$12.77M	0.9%	$326.57	0.0%	COM	038222105
BE	BLOOM ENERGY CORP	82,030	$11.11M	0.8%	$144.65	0.0%	COM CL A	093712107
AXON	AXON ENTERPRISE INC	15,980	$6.787M	0.5%	$526.80	0.0%	COM	05464C101
NET	CLOUDFLARE INC	32,800	$6.768M	0.5%	$182.40	0.0%	CL A COM	18915M107
MTSI	MACOM TECH SOLUTIONS HLDGS I	21,590	$4.794M	0.3%	$221.00	0.0%	COM	55405Y100
TXN	TEXAS INSTRUMENTS	22,570	$4.382M	0.3%	$206.27	0.0%	COM	882508104
LITE	LUMENTUM HOLDINGS INC	5,970	$4.195M	0.3%	$467.14	0.0%	COM	55024U109
MU	MICRON TECHNOLOGY INC	660	$223K	0.0%	$387.04	0.0%	COM	595112103

Increased Positions (11)

META META PLATFORMS INC 4.2%

Value $60.05M (+63.3%) Shares 104,955 (+88.4%) Est. Cost $446.90 Unrealized +46.7%

NVDA NVIDIA CORPORATION 8.2%

Value $117M (+14.0%) Shares 669,950 (+21.9%) Est. Cost $126.66 Unrealized +47.4%

SPOT SPOTIFY TECHNOLOGY SA 1.1%

Value $15.23M (+248.7%) Shares 31,400 (+317.6%) Est. Cost $457.93 Unrealized +8.6%

TSM TAIWAN SEMICONDUCTOR MFG LTD 5.4%

Value $77.43M (+13.1%) Shares 229,115 (+1.7%) Est. Cost $150.77 Unrealized —

SHOP SHOPIFY INC 0.8%

Value $11.23M (+144.5%) Shares 94,660 (+231.8%) Est. Cost $143.72 Unrealized -5.1%

GOOGL ALPHABET INC 5.8%

Value $82.66M (-6.9%) Shares 287,450 (+1.3%) Est. Cost $262.98 Unrealized +22.9%

CEG CONSTELLATION ENERGY CORP 0.5%

Value $7.114M (+56.4%) Shares 25,475 (+97.9%) Est. Cost $332.51 Unrealized -9.4%

INTC INTEL CORP 0.4%

Value $5.525M (+43.2%) Shares 125,205 (+19.8%) Est. Cost $39.19 Unrealized +18.5%

AVGO BROADCOM INC 1.3%

Value $19.12M (-8.0%) Shares 61,760 (+2.9%) Est. Cost $215.13 Unrealized +55.3%

AMZN AMAZON COM INC 5.7%

Value $80.89M (-0.9%) Shares 388,375 (+9.8%) Est. Cost $139.30 Unrealized +62.8%

AMD ADVANCED MICRO DEVICES 0.3%

Value $3.873M (+9.1%) Shares 19,040 (+14.8%) Est. Cost $224.22 Unrealized -1.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	104,955 (+88.4%)	$60.05M (+63.3%)	4.2%	$446.90	+46.7%	CL A	30303M102
NVDA	NVIDIA CORPORATION	669,950 (+21.9%)	$117M (+14.0%)	8.2%	$126.66	+47.4%	COM	67066G104
SPOT	SPOTIFY TECHNOLOGY SA	31,400 (+317.6%)	$15.23M (+248.7%)	1.1%	$457.93	+8.6%	SHS	L8681T102
TSM	TAIWAN SEMICONDUCTOR MFG LTD	229,115 (+1.7%)	$77.43M (+13.1%)	5.4%	$150.77	—	SPONSORED ADS	874039100
SHOP	SHOPIFY INC	94,660 (+231.8%)	$11.23M (+144.5%)	0.8%	$143.72	-5.1%	CL A SUB VTG SHS	82509L107
GOOGL	ALPHABET INC	287,450 (+1.3%)	$82.66M (-6.9%)	5.8%	$262.98	+22.9%	CAP STK CL A	02079K305
CEG	CONSTELLATION ENERGY CORP	25,475 (+97.9%)	$7.114M (+56.4%)	0.5%	$332.51	-9.4%	COM	21037T109
INTC	INTEL CORP	125,205 (+19.8%)	$5.525M (+43.2%)	0.4%	$39.19	+18.5%	COM	458140100
AVGO	BROADCOM INC	61,760 (+2.9%)	$19.12M (-8.0%)	1.3%	$215.13	+55.3%	COM	11135F101
AMZN	AMAZON COM INC	388,375 (+9.8%)	$80.89M (-0.9%)	5.7%	$139.30	+62.8%	COM	023135106
AMD	ADVANCED MICRO DEVICES	19,040 (+14.8%)	$3.873M (+9.1%)	0.3%	$224.22	-1.1%	COM	007903107

Exited Positions (11)

AAPL APPLE INC 1.0%

Value $14.39M Shares 52,940 Est. Cost $268.34 Unrealized -2.1%

APPF APPFOLIO INC 0.7%

Value $10.36M Shares 44,550 Est. Cost $217.97 Unrealized -8.1%

MDB MONGODB INC 0.6%

Value $8.557M Shares 20,390 Est. Cost $230.30 Unrealized +63.3%

APP APPLOVIN CORP 0.6%

Value $8.261M Shares 12,260 Est. Cost $338.18 Unrealized +50.0%

V VISA 0.5%

Value $7.153M Shares 20,395 Est. Cost $345.34 Unrealized -4.7%

SNPS SYNOPSYS INC 0.5%

Value $7.126M Shares 15,170 Est. Cost $484.50 Unrealized -2.6%

IOT SAMSARA INC 0.5%

Value $6.616M Shares 186,640 Est. Cost $37.14 Unrealized -19.9%

TSLA TESLA INC 0.3%

Value $3.661M Shares 8,140 Est. Cost $443.29 Unrealized -3.9%

VRT VERTIV HOLDINGS CO 0.2%

Value $3.205M Shares 19,780 Est. Cost $173.58 Unrealized +15.1%

CLS CELESTICA 0.2%

Value $3.197M Shares 10,815 Est. Cost $301.37 Unrealized -0.1%

NTSK NETSKOPE 0.2%

Value $3.07M Shares 175,000 Est. Cost $23.79 Unrealized -41.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	52,940	$14.39M	1.0%	$268.34	-2.1%	—	037833100
APPF	APPFOLIO INC	44,550	$10.36M	0.7%	$217.97	-8.1%	—	03783C100
MDB	MONGODB INC	20,390	$8.557M	0.6%	$230.30	+63.3%	—	60937P106
APP	APPLOVIN CORP	12,260	$8.261M	0.6%	$338.18	+50.0%	—	03831W108
V	VISA	20,395	$7.153M	0.5%	$345.34	-4.7%	—	92826C839
SNPS	SYNOPSYS INC	15,170	$7.126M	0.5%	$484.50	-2.6%	—	871607107
IOT	SAMSARA INC	186,640	$6.616M	0.5%	$37.14	-19.9%	—	79589L106
TSLA	TESLA INC	8,140	$3.661M	0.3%	$443.29	-3.9%	—	88160R101
VRT	VERTIV HOLDINGS CO	19,780	$3.205M	0.2%	$173.58	+15.1%	—	92537N108
CLS	CELESTICA	10,815	$3.197M	0.2%	$301.37	-0.1%	—	15101Q207
NTSK	NETSKOPE	175,000	$3.07M	0.2%	$23.79	-41.4%	—	64119N608

Decreased Positions (2)

MSFT MICROSOFT CORP 1.8%

Value $25.64M (-71.0%) Shares 69,275 (-62.1%) Est. Cost $346.92 Unrealized +25.3%

PANW PALO ALTO NETWORKS 0.3%

Value $4.975M (-47.8%) Shares 31,030 (-40.0%) Est. Cost $196.56 Unrealized -12.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	69,275 (-62.1%)	$25.64M (-71.0%)	1.8%	$346.92	+25.3%	COM	594918104
PANW	PALO ALTO NETWORKS	31,030 (-40.0%)	$4.975M (-47.8%)	0.3%	$196.56	-12.4%	COM	697435105

Unchanged Positions (6)

HNGE HINGE HEALTH INC 25.4%

Value $362M Shares 9,375,164 Est. Cost $40.42 Unrealized +0.4%

UDMY UDEMY INC 12.3%

Value $176M Shares 38,032,260 Est. Cost $23.94 Unrealized -79.0%

STUB STUBHUB HLDGS INC 1.5%

Value $21.45M Shares 3,437,380 Est. Cost $18.34 Unrealized -34.3%

REAX THE REAL BROKERAGE INC 1.2%

Value $17.42M Shares 6,968,725 Est. Cost $2.85 Unrealized +17.5%

HOOD ROBINHOOD MARKETS 0.2%

Value $2.913M Shares 42,035 Est. Cost $61.25 Unrealized +56.3%

KYTX KYVERNA THERAPEUTICS INC 0.6%

Value $8.536M Shares 989,054 Est. Cost $25.92 Unrealized -68.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HNGE	HINGE HEALTH INC	9,375,164	$362M	25.4%	$40.42	+0.4%	CL A	433313103
UDMY	UDEMY INC	38,032,260	$176M	12.3%	$23.94	-79.0%	COM	902685106
STUB	STUBHUB HLDGS INC	3,437,380	$21.45M	1.5%	$18.34	-34.3%	CL A	86384P109
REAX	THE REAL BROKERAGE INC	6,968,725	$17.42M	1.2%	$2.85	+17.5%	COM NEW	75585H206
HOOD	ROBINHOOD MARKETS	42,035	$2.913M	0.2%	$61.25	+56.3%	COM CL A	770700102
KYTX	KYVERNA THERAPEUTICS INC	989,054	$8.536M	0.6%	$25.92	-68.0%	COM	501976104