Insight Holdings Group, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	52,940	$14,392	1.1%	$268.34	0.0%	COM	037833100
SHOP	SHOPIFY INC	28,530	$4,592	0.3%	$160.56	0.0%	CL A SUB VTG SHS	82509L107
CEG	CONSTELLATION ENERGY CORP	12,875	$4,548	0.3%	$363.20	0.0%	COM	21037T109
INTC	INTEL CORP	104,545	$3,858	0.3%	$37.76	0.0%	COM	458140100
TSLA	TESLA INC	8,140	$3,661	0.3%	$443.29	0.0%	COM	88160R101
AMD	ADVANCED MICRO DEVICES	16,585	$3,552	0.3%	$224.60	0.0%	COM	007903107
VRT	VERTIV HOLDINGS CO	19,780	$3,205	0.2%	$173.58	0.0%	COM	92537N108
CLS	CELESTICA	10,815	$3,197	0.2%	$301.37	0.0%	COM	15101Q207

Increased Positions (9)

GOOGL ALPHABET INC 6.6%

Value ($000) $88,817 (+320.4%) Shares 283,760 (+226.5%) Est. Cost $262.20 Unrealized +8.9%

NVDA NVIDIA CORPORATION 7.7%

Value ($000) $102,508 (+17.8%) Shares 549,640 (+17.9%) Est. Cost $113.53 Unrealized +64.0%

TSM TAIWAN SEMICONDUCTOR MFG LTD 5.1%

Value ($000) $68,444 (+15.0%) Shares 225,225 (+5.7%) Est. Cost $147.54 Unrealized —

PANW PALO ALTO NETWORKS 0.7%

Value ($000) $9,524 (+79.9%) Shares 51,705 (+98.9%) Est. Cost $196.56 Unrealized +2.6%

AVGO BROADCOM INC 1.6%

Value ($000) $20,769 (+19.4%) Shares 60,010 (+13.8%) Est. Cost $211.66 Unrealized +68.7%

V VISA 0.5%

Value ($000) $7,153 (+36.9%) Shares 20,395 (+33.3%) Est. Cost $345.34 Unrealized -1.4%

HOOD ROBINHOOD MARKETS 0.4%

Value ($000) $4,718 (-18.6%) Shares 41,715 (+3.0%) Est. Cost $61.25 Unrealized +112.3%

SNPS SYNOPSYS INC 0.5%

Value ($000) $7,126 (+15.5%) Shares 15,170 (+21.4%) Est. Cost $484.50 Unrealized -8.3%

SPOT SPOTIFY TECHNOLOGY SA 0.3%

Value ($000) $4,367 (-14.3%) Shares 7,520 (+3.0%) Est. Cost $332.88 Unrealized +87.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	283,760 (+226.5%)	$88,817 (+320.4%)	6.6%	$262.20	+8.9%	CAP STK CL A	02079K305
NVDA	NVIDIA CORPORATION	549,640 (+17.9%)	$102,508 (+17.8%)	7.7%	$113.53	+64.0%	COM	67066G104
TSM	TAIWAN SEMICONDUCTOR MFG LTD	225,225 (+5.7%)	$68,444 (+15.0%)	5.1%	$147.54	—	SPONSORED ADS	874039100
PANW	PALO ALTO NETWORKS	51,705 (+98.9%)	$9,524 (+79.9%)	0.7%	$196.56	+2.6%	COM	697435105
AVGO	BROADCOM INC	60,010 (+13.8%)	$20,769 (+19.4%)	1.6%	$211.66	+68.7%	COM	11135F101
V	VISA	20,395 (+33.3%)	$7,153 (+36.9%)	0.5%	$345.34	-1.4%	COM CL A	92826C839
HOOD	ROBINHOOD MARKETS	41,715 (+3.0%)	$4,718 (-18.6%)	0.4%	$61.25	+112.3%	COM CL A	770700102
SNPS	SYNOPSYS INC	15,170 (+21.4%)	$7,126 (+15.5%)	0.5%	$484.50	-8.3%	COM	871607107
SPOT	SPOTIFY TECHNOLOGY SA	7,520 (+3.0%)	$4,367 (-14.3%)	0.3%	$332.88	+87.8%	SHS	L8681T102

Exited Positions (5)

S SENTINELONE INC 11.1%

Value ($000) $148,365 Shares 8,425,026 Est. Cost $42.50 Unrealized -61.5%

ORCL ORACLE 0.7%

Value ($000) $9,787 Shares 34,800 Est. Cost $254.17 Unrealized -6.3%

INTU INTUIT 0.4%

Value ($000) $5,190 Shares 7,600 Est. Cost $636.99 Unrealized +3.7%

TEAM ATLASSIAN CORPORATION 0.3%

Value ($000) $3,897 Shares 24,400 Est. Cost $174.99 Unrealized -10.3%

NET CLOUDFLARE INC 0.2%

Value ($000) $2,575 Shares 12,000 Est. Cost $204.15 Unrealized +3.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
S	SENTINELONE INC	8,425,026	$148,365	11.1%	$42.50	-61.5%	—	81730H109
ORCL	ORACLE	34,800	$9,787	0.7%	$254.17	-6.3%	—	68389X105
INTU	INTUIT	7,600	$5,190	0.4%	$636.99	+3.7%	—	461202103
TEAM	ATLASSIAN CORPORATION	24,400	$3,897	0.3%	$174.99	-10.3%	—	049468101
NET	CLOUDFLARE INC	12,000	$2,575	0.2%	$204.15	+3.6%	—	18915M107

Decreased Positions (9)

HNGE HINGE HEALTH INC 32.6%

Value ($000) $435,476 (-19.6%) Shares 9,375,164 (-15.0%) Est. Cost $40.42 Unrealized +19.1%

APPF APPFOLIO INC 0.8%

Value ($000) $10,365 (-75.4%) Shares 44,550 (-70.8%) Est. Cost $217.97 Unrealized +9.0%

META META PLATFORMS INC 2.7%

Value ($000) $36,764 (-41.1%) Shares 55,695 (-34.4%) Est. Cost $262.35 Unrealized +154.4%

MSFT MICROSOFT CORP 6.6%

Value ($000) $88,360 (-21.5%) Shares 182,705 (-16.0%) Est. Cost $346.92 Unrealized +44.3%

REAX THE REAL BROKERAGE INC 1.9%

Value ($000) $25,436 (-20.2%) Shares 6,968,725 (-8.6%) Est. Cost $2.85 Unrealized +35.4%

MDB MONGODB INC 0.6%

Value ($000) $8,557 (-40.6%) Shares 20,390 (-56.1%) Est. Cost $230.30 Unrealized +58.0%

APP APPLOVIN CORP 0.6%

Value ($000) $8,261 (-32.0%) Shares 12,260 (-27.5%) Est. Cost $338.18 Unrealized +86.3%

AMZN AMAZON COM INC 6.1%

Value ($000) $81,634 (+3.6%) Shares 353,670 (-1.4%) Est. Cost $130.71 Unrealized +75.0%

IOT SAMSARA INC 0.5%

Value ($000) $6,616 (-14.3%) Shares 186,640 (-9.9%) Est. Cost $37.14 Unrealized +4.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HNGE	HINGE HEALTH INC	9,375,164 (-15.0%)	$435,476 (-19.6%)	32.6%	$40.42	+19.1%	CL A	433313103
APPF	APPFOLIO INC	44,550 (-70.8%)	$10,365 (-75.4%)	0.8%	$217.97	+9.0%	COM CL A	03783C100
META	META PLATFORMS INC	55,695 (-34.4%)	$36,764 (-41.1%)	2.7%	$262.35	+154.4%	CL A	30303M102
MSFT	MICROSOFT CORP	182,705 (-16.0%)	$88,360 (-21.5%)	6.6%	$346.92	+44.3%	COM	594918104
REAX	THE REAL BROKERAGE INC	6,968,725 (-8.6%)	$25,436 (-20.2%)	1.9%	$2.85	+35.4%	COM NEW	75585H206
MDB	MONGODB INC	20,390 (-56.1%)	$8,557 (-40.6%)	0.6%	$230.30	+58.0%	CL A	60937P106
APP	APPLOVIN CORP	12,260 (-27.5%)	$8,261 (-32.0%)	0.6%	$338.18	+86.3%	COM CL A	03831W108
AMZN	AMAZON COM INC	353,670 (-1.4%)	$81,634 (+3.6%)	6.1%	$130.71	+75.0%	COM	023135106
IOT	SAMSARA INC	186,640 (-9.9%)	$6,616 (-14.3%)	0.5%	$37.14	+4.2%	COM CL A	79589L106

Unchanged Positions (4)

UDMY UDEMY INC 16.6%

Value ($000) $222,489 Shares 38,032,260 Est. Cost $23.94 Unrealized -75.6%

STUB STUBHUB HLDGS INC 3.5%

Value ($000) $46,508 Shares 3,437,380 Est. Cost $18.34 Unrealized -14.3%

KYTX KYVERNA THERAPEUTICS INC 0.7%

Value ($000) $9,297 Shares 989,054 Est. Cost $25.92 Unrealized -71.4%

NTSK NETSKOPE 0.2%

Value ($000) $3,070 Shares 175,000 Est. Cost $23.79 Unrealized -12.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UDMY	UDEMY INC	38,032,260	$222,489	16.6%	$23.94	-75.6%	COM	902685106
STUB	STUBHUB HLDGS INC	3,437,380	$46,508	3.5%	$18.34	-14.3%	CL A	86384P109
KYTX	KYVERNA THERAPEUTICS INC	989,054	$9,297	0.7%	$25.92	-71.4%	COM	501976104
NTSK	NETSKOPE	175,000	$3,070	0.2%	$23.79	-12.3%	CL A	64119N608