Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HAWK	HAWKEYE 360 INC	9,068,074	$183M	13.9%	—	—	COM SHS	420201105
COUR	COURSERA	8,942,501	$50.44M	3.8%	—	—	COM	22266M104
AAPL	APPLE INC	131,050	$37.92M	2.9%	—	—	COM	037833100
SPCX	SPACE EXPLORATION TECH	150,000	$25.63M	1.9%	—	—	CLASS A COM STK	84615Q103
LRCX	LAM RESEARCH CORP	25,430	$11.02M	0.8%	—	—	COM NEW	512807306
STX	SEAGATE TECHNOLOGY HOLDINGS	8,150	$7.865M	0.6%	—	—	ORD SHS	G7997R103
QNT	QUANTINUUM INC	50,000	$4.087M	0.3%	—	—	CL A COM	74768A104

Increased Positions (10)

TSM TAIWAN SEMICONDUCTOR MFG LTD 8.5%

Value $112M (+44.7%) Shares 234,645 (+2.4%) Est. Cost — Unrealized —

MU MICRON TECHNOLOGY INC 1.4%

Value $18.68M (+8274.9%) Shares 16,185 (+2352.3%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 7.3%

Value $96.51M (+19.3%) Shares 404,905 (+4.3%) Est. Cost — Unrealized —

BE BLOOM ENERGY CORP 2.0%

Value $26.55M (+138.9%) Shares 87,725 (+6.9%) Est. Cost — Unrealized —

AMD ADVANCED MICRO DEVICES 0.9%

Value $11.83M (+205.5%) Shares 20,370 (+7.0%) Est. Cost — Unrealized —

SHOP SHOPIFY INC 1.3%

Value $17.52M (+56.0%) Shares 153,440 (+62.1%) Est. Cost — Unrealized —

TXN TEXAS INSTRUMENTS 0.7%

Value $9.812M (+123.9%) Shares 32,920 (+45.9%) Est. Cost — Unrealized —

MTSI MACOM TECH SOLUTIONS HLDGS I 0.7%

Value $8.779M (+83.1%) Shares 23,080 (+6.9%) Est. Cost — Unrealized —

LITE LUMENTUM HOLDINGS INC 0.6%

Value $8.049M (+91.8%) Shares 9,380 (+57.1%) Est. Cost — Unrealized —

CEG CONSTELLATION ENERGY CORP 0.5%

Value $6.767M (-4.9%) Shares 27,245 (+6.9%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	234,645 (+2.4%)	$112M (+44.7%)	8.5%	—	—	SPONSORED ADS	874039100
MU	MICRON TECHNOLOGY INC	16,185 (+2352.3%)	$18.68M (+8274.9%)	1.4%	—	—	COM	595112103
AMZN	AMAZON COM INC	404,905 (+4.3%)	$96.51M (+19.3%)	7.3%	—	—	COM	023135106
BE	BLOOM ENERGY CORP	87,725 (+6.9%)	$26.55M (+138.9%)	2.0%	—	—	COM CL A	093712107
AMD	ADVANCED MICRO DEVICES	20,370 (+7.0%)	$11.83M (+205.5%)	0.9%	—	—	COM	007903107
SHOP	SHOPIFY INC	153,440 (+62.1%)	$17.52M (+56.0%)	1.3%	—	—	CL A SUB VTG SHS	82509L107
TXN	TEXAS INSTRUMENTS	32,920 (+45.9%)	$9.812M (+123.9%)	0.7%	—	—	COM	882508104
MTSI	MACOM TECH SOLUTIONS HLDGS I	23,080 (+6.9%)	$8.779M (+83.1%)	0.7%	—	—	COM	55405Y100
LITE	LUMENTUM HOLDINGS INC	9,380 (+57.1%)	$8.049M (+91.8%)	0.6%	—	—	COM	55024U109
CEG	CONSTELLATION ENERGY CORP	27,245 (+6.9%)	$6.767M (-4.9%)	0.5%	—	—	COM	21037T109

Exited Positions (5)

HNGE HINGE HEALTH INC 27.5%

Value $362M Shares 9,375,164 Est. Cost — Unrealized —

UDMY UDEMY INC 13.4%

Value $176M Shares 38,032,260 Est. Cost — Unrealized —

MSFT MICROSOFT CORP 1.9%

Value $25.64M Shares 69,275 Est. Cost — Unrealized —

NET CLOUDFLARE INC 0.5%

Value $6.768M Shares 32,800 Est. Cost — Unrealized —

HOOD ROBINHOOD MARKETS 0.2%

Value $2.913M Shares 42,035 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HNGE	HINGE HEALTH INC	9,375,164	$362M	27.5%	—	—	—	433313103
UDMY	UDEMY INC	38,032,260	$176M	13.4%	—	—	—	902685106
MSFT	MICROSOFT CORP	69,275	$25.64M	1.9%	—	—	—	594918104
NET	CLOUDFLARE INC	32,800	$6.768M	0.5%	—	—	—	18915M107
HOOD	ROBINHOOD MARKETS	42,035	$2.913M	0.2%	—	—	—	770700102

Decreased Positions (8)

NVDA NVIDIA CORPORATION 9.8%

Value $129M (+10.2%) Shares 643,340 (-4.0%) Est. Cost — Unrealized —

GOOGL ALPHABET INC 7.1%

Value $93.11M (+12.6%) Shares 260,530 (-9.4%) Est. Cost — Unrealized —

AMAT APPLIED MATERIAL INC 1.7%

Value $22.84M (+78.9%) Shares 31,595 (-15.4%) Est. Cost — Unrealized —

META META PLATFORMS INC 4.0%

Value $52.39M (-12.7%) Shares 93,015 (-11.4%) Est. Cost — Unrealized —

SPOT SPOTIFY TECHNOLOGY SA 0.8%

Value $9.993M (-34.4%) Shares 21,765 (-30.7%) Est. Cost — Unrealized —

PANW PALO ALTO NETWORKS 0.8%

Value $9.902M (+99.0%) Shares 29,035 (-6.4%) Est. Cost — Unrealized —

AVGO BROADCOM INC 1.1%

Value $14.89M (-22.1%) Shares 39,405 (-36.2%) Est. Cost — Unrealized —

INTC INTEL CORP 0.5%

Value $6.368M (+15.2%) Shares 45,605 (-63.6%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA CORPORATION	643,340 (-4.0%)	$129M (+10.2%)	9.8%	—	—	COM	67066G104
GOOGL	ALPHABET INC	260,530 (-9.4%)	$93.11M (+12.6%)	7.1%	—	—	CAP STK CL A	02079K305
AMAT	APPLIED MATERIAL INC	31,595 (-15.4%)	$22.84M (+78.9%)	1.7%	—	—	COM	038222105
META	META PLATFORMS INC	93,015 (-11.4%)	$52.39M (-12.7%)	4.0%	—	—	CL A	30303M102
SPOT	SPOTIFY TECHNOLOGY SA	21,765 (-30.7%)	$9.993M (-34.4%)	0.8%	—	—	SHS	L8681T102
PANW	PALO ALTO NETWORKS	29,035 (-6.4%)	$9.902M (+99.0%)	0.8%	—	—	COM	697435105
AVGO	BROADCOM INC	39,405 (-36.2%)	$14.89M (-22.1%)	1.1%	—	—	COM	11135F101
INTC	INTEL CORP	45,605 (-63.6%)	$6.368M (+15.2%)	0.5%	—	—	COM	458140100

Unchanged Positions (5)

STUB STUBHUB 3.4%

Value $44.24M Shares 3,437,380 Est. Cost — Unrealized —

EQPT EQUIPMENTSHARE COM INC 20.2%

Value $266M Shares 13,526,731 Est. Cost — Unrealized —

REAX THE REAL BROKERAGE INC 1.0%

Value $12.68M Shares 6,968,725 Est. Cost — Unrealized —

AXON AXON ENTERPRISE INC 0.7%

Value $8.984M Shares 16,025 Est. Cost — Unrealized —

KYTX KYVERNA THERAPEUTICS INC 0.7%

Value $8.812M Shares 989,054 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
STUB	STUBHUB	3,437,380	$44.24M	3.4%	—	—	CL A	86384P109
EQPT	EQUIPMENTSHARE COM INC	13,526,731	$266M	20.2%	—	—	COM CL A	29445S100
REAX	THE REAL BROKERAGE INC	6,968,725	$12.68M	1.0%	—	—	COM NEW	75585H206
AXON	AXON ENTERPRISE INC	16,025	$8.984M	0.7%	—	—	COM	05464C101
KYTX	KYVERNA THERAPEUTICS INC	989,054	$8.812M	0.7%	—	—	COM	501976104