Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPCX	SPACE EXPLORATION TECHN CORP	16,981,350	$2.901B	49.2%	—	—	CLASS A COM STK	84615Q103
AMD	ADVANCED MICRO DEVICES INC	111,500	$64.77M	1.1%	—	—	COM	007903107
CIEN	CIENA CORP	89,000	$43.66M	0.7%	—	—	COM NEW	171779309
CPNG	COUPANG INC	2,088,200	$36.27M	0.6%	—	—	CL A	22266T109
MPWR	MONOLITHIC PWR SYS INC	18,300	$25.3M	0.4%	—	—	COM	609839105
NET	CLOUDFLARE INC	100,800	$24.72M	0.4%	—	—	CL A COM	18915M107

Increased Positions (1)

SNDK SANDISK CORP 2.9%

Value $172M (+331.3%) Shares 75,800 (+20.5%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SNDK	SANDISK CORP	75,800 (+20.5%)	$172M (+331.3%)	2.9%	—	—	COM	80004C200

Exited Positions (6)

NTSK NETSKOPE INC 1.6%

Value $92.97M Shares 10,950,921 Est. Cost — Unrealized —

CHYM CHIME FINL INC 1.3%

Value $78.33M Shares 4,181,827 Est. Cost — Unrealized —

CRDO CREDO TECHNOLOGY GROUP HOLDI 1.1%

Value $62.34M Shares 664,100 Est. Cost — Unrealized —

Z ZILLOW GROUP INC 0.9%

Value $52.34M Shares 1,264,900 Est. Cost — Unrealized —

CART MAPLEBEAR INC 0.2%

Value $10.49M Shares 280,037 Est. Cost — Unrealized —

FIG FIGMA INC 0.0%

Value $1.268M Shares 60,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NTSK	NETSKOPE INC	10,950,921	$92.97M	1.6%	—	—	—	64119N608
CHYM	CHIME FINL INC	4,181,827	$78.33M	1.3%	—	—	—	16935C109
CRDO	CREDO TECHNOLOGY GROUP HOLDI	664,100	$62.34M	1.1%	—	—	—	G25457105
Z	ZILLOW GROUP INC	1,264,900	$52.34M	0.9%	—	—	—	98954M200
CART	MAPLEBEAR INC	280,037	$10.49M	0.2%	—	—	—	565394103
FIG	FIGMA INC	60,000	$1.268M	0.0%	—	—	—	316841105

Decreased Positions (10)

DASH DOORDASH INC 1.4%

Value $82.6M (-65.5%) Shares 447,626 (-71.9%) Est. Cost — Unrealized —

GOOGL ALPHABET INC 6.8%

Value $398M (-13.6%) Shares 1,114,200 (-30.5%) Est. Cost — Unrealized —

AVGO BROADCOM INC 3.1%

Value $184M (-25.1%) Shares 486,400 (-38.6%) Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 8.1%

Value $475M (-10.2%) Shares 2,374,600 (-21.7%) Est. Cost — Unrealized —

MSFT MICROSOFT CORP 4.0%

Value $236M (-16.3%) Shares 633,300 (-17.0%) Est. Cost — Unrealized —

ASML ASML HLDG NV 3.6%

Value $212M (+17.1%) Shares 106,700 (-22.2%) Est. Cost — Unrealized —

SNOW SNOWFLAKE INC 0.9%

Value $51.21M (-36.5%) Shares 201,200 (-62.4%) Est. Cost — Unrealized —

META META PLATFORMS INC 2.1%

Value $125M (-14.7%) Shares 222,600 (-13.3%) Est. Cost — Unrealized —

AMZN AMAZON COM INC 4.4%

Value $257M (+4.8%) Shares 1,079,500 (-8.4%) Est. Cost — Unrealized —

TSLA TESLA INC 2.2%

Value $130M (-6.0%) Shares 308,800 (-16.9%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DASH	DOORDASH INC	447,626 (-71.9%)	$82.6M (-65.5%)	1.4%	—	—	CL A	25809K105
GOOGL	ALPHABET INC	1,114,200 (-30.5%)	$398M (-13.6%)	6.8%	—	—	CAP STK CL A	02079K305
AVGO	BROADCOM INC	486,400 (-38.6%)	$184M (-25.1%)	3.1%	—	—	COM	11135F101
NVDA	NVIDIA CORPORATION	2,374,600 (-21.7%)	$475M (-10.2%)	8.1%	—	—	COM	67066G104
MSFT	MICROSOFT CORP	633,300 (-17.0%)	$236M (-16.3%)	4.0%	—	—	COM	594918104
ASML	ASML HLDG NV	106,700 (-22.2%)	$212M (+17.1%)	3.6%	—	—	N Y REGISTRY SHS	N07059210
SNOW	SNOWFLAKE INC	201,200 (-62.4%)	$51.21M (-36.5%)	0.9%	—	—	COM SHS	833445109
META	META PLATFORMS INC	222,600 (-13.3%)	$125M (-14.7%)	2.1%	—	—	CL A	30303M102
AMZN	AMAZON COM INC	1,079,500 (-8.4%)	$257M (+4.8%)	4.4%	—	—	COM	023135106
TSLA	TESLA INC	308,800 (-16.9%)	$130M (-6.0%)	2.2%	—	—	COM	88160R101

Unchanged Positions (4)

KLAR KLARNA GROUP PLC 1.8%

Value $107M Shares 5,266,524 Est. Cost — Unrealized —

SE SEA LTD 2.9%

Value $170M Shares 1,775,000 Est. Cost — Unrealized —

TTAN SERVICETITAN INC 1.5%

Value $86.92M Shares 1,229,285 Est. Cost — Unrealized —

NOW SERVICENOW INC 1.9%

Value $113M Shares 1,135,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KLAR	KLARNA GROUP PLC	5,266,524	$107M	1.8%	—	—	SHS	G5279N105
SE	SEA LTD	1,775,000	$170M	2.9%	—	—	SPONSORD ADS	81141R100
TTAN	SERVICETITAN INC	1,229,285	$86.92M	1.5%	—	—	SHS CL A	81764X103
NOW	SERVICENOW INC	1,135,000	$113M	1.9%	—	—	COM	81762P102