GLYNN CAPITAL MANAGEMENT LLC Concentrated Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APP	AppLovin Corporation	13,941 (+126636.4%)	$9,394 (+118747.7%)	3.2%	$629.97	+0.0%	COM	03831W108
TOST	Toast, Inc.	486,583 (+32.5%)	$17,279 (+28.8%)	5.9%	$31.95	+12.9%	COM	888787108
—	ServiceNow, Inc.	81,640 (+391.3%)	$12,506 (-18.2%)	4.3%	$192.28	—	COM	81762p102
—	Alphabet Inc. Class A	474 (+9.5%)	$148 (+40.9%)	0.1%	$159.68	—	COM	02079k305
AAPL	Apple Inc.	600 (+2.2%)	$163 (+9.1%)	0.1%	$88.24	+204.1%	COM	037833100
—	Netflix, Inc.	175 (+775.0%)	$16 (-31.6%)	0.0%	$122.14	—	COM	64110l106
NVDA	Nvidia Corp.	993 (+3.7%)	$185 (+3.6%)	0.1%	$121.85	+52.7%	COM	67066G104

Decreased Positions (14)

OSCR Oscar Health, Inc. 13.5%

Value ($000) $39,382 (-27.2%) Shares 2,740,597 (-4.0%) Est. Cost $16.48 Unrealized +5.0%

NET Cloudflare, Inc 3.6%

Value ($000) $10,386 (-32.1%) Shares 52,682 (-26.1%) Est. Cost $80.63 Unrealized +162.4%

FLUT Flutter Entertainment PLC 3.7%

Value ($000) $10,704 (-27.5%) Shares 49,779 (-14.3%) Est. Cost $245.37 Unrealized -8.3%

TEAM Atlassian Corporation 3.7%

Value ($000) $10,839 (-24.3%) Shares 66,849 (-25.5%) Est. Cost $223.01 Unrealized -29.6%

SNOW Snowflake, Inc. 5.9%

Value ($000) $17,142 (-14.6%) Shares 78,147 (-12.2%) Est. Cost $240.67 Unrealized +1.4%

ANET Arista Networks 3.7%

Value ($000) $10,819 (-21.0%) Shares 82,567 (-12.2%) Est. Cost $102.84 Unrealized +33.9%

ADYEY Adyen NV ADR 4.9%

Value ($000) $14,274 (-15.6%) Shares 893,828 (-15.5%) Est. Cost $8.87 Unrealized —

NU Nu Holdings Ltd. 7.0%

Value ($000) $20,459 (-8.2%) Shares 1,222,151 (-12.2%) Est. Cost $9.70 Unrealized +65.7%

IOT Samsara Inc. 2.7%

Value ($000) $7,730 (-18.2%) Shares 218,067 (-14.1%) Est. Cost $37.14 Unrealized +4.2%

DDOG Datadog, Inc. 3.9%

Value ($000) $11,384 (-10.5%) Shares 83,713 (-6.3%) Est. Cost $84.17 Unrealized +87.7%

VRT Vertiv Holding 6.9%

Value ($000) $19,963 (-5.4%) Shares 123,222 (-12.0%) Est. Cost $112.99 Unrealized +53.6%

TSM Taiwan Semiconductor 8.0%

Value ($000) $23,160 (-4.4%) Shares 76,211 (-12.1%) Est. Cost $179.64 Unrealized —

CRWD CrowdStrike Holdings, Inc 4.4%

Value ($000) $12,944 (-6.8%) Shares 27,613 (-2.5%) Est. Cost $148.56 Unrealized +242.8%

MDB MongoDB, Inc 6.2%

Value ($000) $18,073 (+0.2%) Shares 43,063 (-25.9%) Est. Cost $273.61 Unrealized +33.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
OSCR	Oscar Health, Inc.	2,740,597 (-4.0%)	$39,382 (-27.2%)	13.5%	$16.48	+5.0%	COM	687793109
NET	Cloudflare, Inc	52,682 (-26.1%)	$10,386 (-32.1%)	3.6%	$80.63	+162.4%	COM	18915M107
FLUT	Flutter Entertainment PLC	49,779 (-14.3%)	$10,704 (-27.5%)	3.7%	$245.37	-8.3%	COM	G3643J108
TEAM	Atlassian Corporation	66,849 (-25.5%)	$10,839 (-24.3%)	3.7%	$223.01	-29.6%	COM	049468101
SNOW	Snowflake, Inc.	78,147 (-12.2%)	$17,142 (-14.6%)	5.9%	$240.67	+1.4%	COM	833445109
ANET	Arista Networks	82,567 (-12.2%)	$10,819 (-21.0%)	3.7%	$102.84	+33.9%	COM	040413205
ADYEY	Adyen NV ADR	893,828 (-15.5%)	$14,274 (-15.6%)	4.9%	$8.87	—	COM	00783V104
NU	Nu Holdings Ltd.	1,222,151 (-12.2%)	$20,459 (-8.2%)	7.0%	$9.70	+65.7%	COM	G6683N103
IOT	Samsara Inc.	218,067 (-14.1%)	$7,730 (-18.2%)	2.7%	$37.14	+4.2%	COM	79589L106
DDOG	Datadog, Inc.	83,713 (-6.3%)	$11,384 (-10.5%)	3.9%	$84.17	+87.7%	COM	23804L103
VRT	Vertiv Holding	123,222 (-12.0%)	$19,963 (-5.4%)	6.9%	$112.99	+53.6%	COM	92537N108
TSM	Taiwan Semiconductor	76,211 (-12.1%)	$23,160 (-4.4%)	8.0%	$179.64	—	COM	874039100
CRWD	CrowdStrike Holdings, Inc	27,613 (-2.5%)	$12,944 (-6.8%)	4.4%	$148.56	+242.8%	COM	22788C105
MDB	MongoDB, Inc	43,063 (-25.9%)	$18,073 (+0.2%)	6.2%	$273.61	+33.0%	COM	60937P106

Unchanged Positions (14)

KVYO Klaviyo, Inc. 5.1%

Value ($000) $14,832 Shares 456,805 Est. Cost $28.64 Unrealized -2.2%

OPRT Oportun Financial Corp. 1.1%

Value ($000) $3,112 Shares 588,233 Est. Cost $19.19 Unrealized -72.5%

MSFT Microsoft Corp. 0.0%

Value ($000) $141 Shares 291 Est. Cost $276.37 Unrealized +81.1%

META Meta Platforms, Inc. (fka Face 0.0%

Value ($000) $61 Shares 92 Est. Cost $191.58 Unrealized +248.3%

AMD Advanced Micro Devices 0.0%

Value ($000) $22 Shares 102 Est. Cost $161.38 Unrealized +39.2%

AMZN Amazon.Com Inc. 0.0%

Value ($000) $97 Shares 419 Est. Cost $119.86 Unrealized +90.9%

AVGO Broadcom Inc. 0.0%

Value ($000) $62 Shares 179 Est. Cost $169.78 Unrealized +110.3%

MELI Mercadolibre, Inc. 0.0%

Value ($000) $16 Shares 8 Est. Cost $1893.32 Unrealized +10.9%

SHOP Shopify Inc. 0.0%

Value ($000) $26 Shares 159 Est. Cost $100.02 Unrealized +60.5%

GEV GE Vernova Inc 0.0%

Value ($000) $16 Shares 24 Est. Cost $320.37 Unrealized +90.1%

OKTA Okta, Inc. 0.0%

Value ($000) $12 Shares 142 Est. Cost $106.80 Unrealized -18.3%

TSLA Tesla Inc. 0.0%

Value ($000) $50 Shares 111 Est. Cost $301.28 Unrealized +47.1%

— Visa Inc. 0.0%

Value ($000) $8 Shares 24 Est. Cost $173.55 Unrealized —

MA Mastercard Inc. 0.0%

Value ($000) $9 Shares 15 Est. Cost $551.47 Unrealized +1.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KVYO	Klaviyo, Inc.	456,805	$14,832	5.1%	$28.64	-2.2%	COM	49845K101
OPRT	Oportun Financial Corp.	588,233	$3,112	1.1%	$19.19	-72.5%	COM	68376D104
MSFT	Microsoft Corp.	291	$141	0.0%	$276.37	+81.1%	COM	594918104
META	Meta Platforms, Inc. (fka Face	92	$61	0.0%	$191.58	+248.3%	COM	30303M102
AMD	Advanced Micro Devices	102	$22	0.0%	$161.38	+39.2%	COM	007903107
AMZN	Amazon.Com Inc.	419	$97	0.0%	$119.86	+90.9%	COM	023135106
AVGO	Broadcom Inc.	179	$62	0.0%	$169.78	+110.3%	COM	11135F101
MELI	Mercadolibre, Inc.	8	$16	0.0%	$1893.32	+10.9%	COM	58733R102
SHOP	Shopify Inc.	159	$26	0.0%	$100.02	+60.5%	COM	82509L107
GEV	GE Vernova Inc	24	$16	0.0%	$320.37	+90.1%	COM	36828A101
OKTA	Okta, Inc.	142	$12	0.0%	$106.80	-18.3%	COM	679295105
TSLA	Tesla Inc.	111	$50	0.0%	$301.28	+47.1%	COM	88160R101
—	Visa Inc.	24	$8	0.0%	$173.55	—	COM	92826c839
MA	Mastercard Inc.	15	$9	0.0%	$551.47	+1.4%	COM	57636Q104