ALLEN OPERATIONS LLC Long-Term Concentrated

Period: Q4 2025 (← Previous)

Filing Date: Feb 10, 2026

Total Value ($000): $799,231 (100.0% shares, 0.0% debt)

Holdings (35)

New Positions (1)

Value ($000) $2,248 Shares 167,743 Est. Cost $15.56 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PSKY	PARAMOUNT SKYDANCE CORP	167,743	$2,248	0.3%	$15.56	0.0%	COM CL B	69932A204

Increased Positions (1)

IOT SAMSARA INC 0.2%

Value ($000) $1,277 (-4.8%) Shares 66,020 (+83.3%) Est. Cost $39.34 Unrealized -1.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IOT	SAMSARA INC	66,020 (+83.3%)	$1,277 (-4.8%)	0.2%	$39.34	-1.6%	COM CL A	79589L106

Exited Positions (3)

— VIMEO INC 0.1%

Value ($000) $1,082 Shares 139,583 Est. Cost $48.06 Unrealized —

RBRK RUBRIK INC. 0.1%

Value ($000) $880 Shares 10,694 Est. Cost $85.96 Unrealized -10.8%

ABSI ABSCI CORPORATION 0.1%

Value ($000) $718 Shares 236,129 Est. Cost $3.67 Unrealized -0.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	VIMEO INC	139,583	$1,082	0.1%	$48.06	—	—	92719V100
RBRK	RUBRIK INC.	10,694	$880	0.1%	$85.96	-10.8%	—	781154109
ABSI	ABSCI CORPORATION	236,129	$718	0.1%	$3.67	-0.8%	—	00091E109

Decreased Positions (1)

PLTR PALANTIR TECHNOLOGIES INC 25.0%

Value ($000) $199,969 (-8.7%) Shares 1,125,000 (-6.3%) Est. Cost $10.24 Unrealized +1667.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PLTR	PALANTIR TECHNOLOGIES INC	1,125,000 (-6.3%)	$199,969 (-8.7%)	25.0%	$10.24	+1667.3%	CL A	69608A108

Unchanged Positions (32)

AUR AURORA INNOVATION INC 5.0%

Value ($000) $39,879 Shares 10,385,096 Est. Cost $10.00 Unrealized -54.2%

IBIT ISHARES BITCOIN TRUST ETF 4.2%

Value ($000) $33,275 Shares 670,200 Est. Cost $46.81 Unrealized —

GOOG ALPHABET INC 3.4%

Value ($000) $26,811 Shares 85,441 Est. Cost $114.39 Unrealized +150.3%

GOOGL ALPHABET INC 3.3%

Value ($000) $26,098 Shares 83,380 Est. Cost $106.39 Unrealized +168.4%

AYI ACUITY INC 15.5%

Value ($000) $123,890 Shares 344,100 Est. Cost $116.70 Unrealized +209.5%

JOBY JOBY AVIATION INC 2.6%

Value ($000) $20,564 Shares 1,557,888 Est. Cost $10.08 Unrealized +52.2%

MSFT MICROSOFT CORP 5.3%

Value ($000) $42,744 Shares 88,383 Est. Cost $216.89 Unrealized +130.8%

WDAY WORKDAY INC 3.0%

Value ($000) $24,054 Shares 111,992 Est. Cost $62.77 Unrealized +262.0%

CPNG COUPANG INC 1.0%

Value ($000) $7,667 Shares 325,000 Est. Cost $16.50 Unrealized +72.4%

SCHW SCHWAB CHARLES CORP 4.8%

Value ($000) $37,987 Shares 380,215 Est. Cost $20.63 Unrealized +359.3%

TEM TEMPUS AI INC 0.6%

Value ($000) $4,524 Shares 76,621 Est. Cost $30.66 Unrealized +155.1%

IAC IAC INC 1.6%

Value ($000) $12,492 Shares 319,477 Est. Cost $116.04 Unrealized -69.8%

AFRM AFFIRM HLDGS INC 6.7%

Value ($000) $53,692 Shares 721,382 Est. Cost $97.16 Unrealized -25.9%

YOU CLEAR SECURE INC 2.2%

Value ($000) $17,211 Shares 490,620 Est. Cost $35.76 Unrealized -5.0%

XOM EXXON MOBIL CORP 1.4%

Value ($000) $10,819 Shares 89,900 Est. Cost $99.45 Unrealized +16.1%

DIBS 1STDIBS COM INC 0.1%

Value ($000) $1,059 Shares 176,826 Est. Cost $25.73 Unrealized -82.5%

ANGI ANGI INC 0.3%

Value ($000) $2,169 Shares 167,756 Est. Cost $14.45 Unrealized -10.9%

META META PLATFORMS INC 0.6%

Value ($000) $4,477 Shares 6,782 Est. Cost $616.61 Unrealized +8.2%

DNA GINKGO BIOWORKS HOLDINGS INC 0.1%

Value ($000) $515 Shares 61,951 Est. Cost $10.02 Unrealized +7.4%

KO COCA COLA CO 0.9%

Value ($000) $6,925 Shares 99,054 Est. Cost $47.37 Unrealized +46.5%

GEV GE VERNOVA INC 0.7%

Value ($000) $5,481 Shares 8,387 Est. Cost $415.97 Unrealized +46.4%

AMZN AMAZON COM INC 0.7%

Value ($000) $5,637 Shares 24,420 Est. Cost $226.35 Unrealized +1.1%

FIG FIGMA INC 0.1%

Value ($000) $702 Shares 18,783 Est. Cost $68.66 Unrealized -34.2%

BLND BLEND LABS INC 0.1%

Value ($000) $1,048 Shares 344,761 Est. Cost $16.98 Unrealized -81.2%

UNH UNITEDHEALTH GROUP INC 0.6%

Value ($000) $4,500 Shares 13,633 Est. Cost $374.94 Unrealized -10.1%

ALAB ASTERA LABS INC 0.1%

Value ($000) $1,018 Shares 6,122 Est. Cost $65.64 Unrealized +154.9%

RXRX RECURSION PHARMACEUTICALS IN 0.1%

Value ($000) $890 Shares 217,657 Est. Cost $22.19 Unrealized -77.7%

MA MASTERCARD INCORPORATED 4.7%

Value ($000) $37,423 Shares 65,553 Est. Cost $76.79 Unrealized +627.9%

V VISA INC 0.5%

Value ($000) $4,092 Shares 11,668 Est. Cost $282.83 Unrealized +20.3%

TDG TRANSDIGM GROUP INC 0.5%

Value ($000) $3,676 Shares 2,764 Est. Cost $254.69 Unrealized +414.6%

BRK/A BERKSHIRE HATHAWAY INC DEL 3.9%

Value ($000) $30,947 Shares 41 Est. Cost $165023.42 Unrealized +352.3%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.4%

Value ($000) $3,471 Shares 6,906 Est. Cost $206.92 Unrealized +140.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AUR	AURORA INNOVATION INC	10,385,096	$39,879	5.0%	$10.00	-54.2%	CLASS A COM	051774107
IBIT	ISHARES BITCOIN TRUST ETF	670,200	$33,275	4.2%	$46.81	—	SHS BEN INT	46438F101
GOOG	ALPHABET INC	85,441	$26,811	3.4%	$114.39	+150.3%	CAP STK CL C	02079K107
GOOGL	ALPHABET INC	83,380	$26,098	3.3%	$106.39	+168.4%	CAP STK CL A	02079K305
AYI	ACUITY INC	344,100	$123,890	15.5%	$116.70	+209.5%	COM	00508Y102
JOBY	JOBY AVIATION INC	1,557,888	$20,564	2.6%	$10.08	+52.2%	COMMON STOCK	G65163100
MSFT	MICROSOFT CORP	88,383	$42,744	5.3%	$216.89	+130.8%	COM	594918104
WDAY	WORKDAY INC	111,992	$24,054	3.0%	$62.77	+262.0%	CL A	98138H101
CPNG	COUPANG INC	325,000	$7,667	1.0%	$16.50	+72.4%	CL A	22266T109
SCHW	SCHWAB CHARLES CORP	380,215	$37,987	4.8%	$20.63	+359.3%	COM	808513105
TEM	TEMPUS AI INC	76,621	$4,524	0.6%	$30.66	+155.1%	CL A	88023B103
IAC	IAC INC	319,477	$12,492	1.6%	$116.04	-69.8%	COM NEW	44891N208
AFRM	AFFIRM HLDGS INC	721,382	$53,692	6.7%	$97.16	-25.9%	COM CL A	00827B106
YOU	CLEAR SECURE INC	490,620	$17,211	2.2%	$35.76	-5.0%	COM CL A	18467V109
XOM	EXXON MOBIL CORP	89,900	$10,819	1.4%	$99.45	+16.1%	COM	30231G102
DIBS	1STDIBS COM INC	176,826	$1,059	0.1%	$25.73	-82.5%	COM	320551104
ANGI	ANGI INC	167,756	$2,169	0.3%	$14.45	-10.9%	CL A NEW	00183L201
META	META PLATFORMS INC	6,782	$4,477	0.6%	$616.61	+8.2%	CL A	30303M102
DNA	GINKGO BIOWORKS HOLDINGS INC	61,951	$515	0.1%	$10.02	+7.4%	CL A NEW	37611X209
KO	COCA COLA CO	99,054	$6,925	0.9%	$47.37	+46.5%	COM	191216100
GEV	GE VERNOVA INC	8,387	$5,481	0.7%	$415.97	+46.4%	COM	36828A101
AMZN	AMAZON COM INC	24,420	$5,637	0.7%	$226.35	+1.1%	COM	023135106
FIG	FIGMA INC	18,783	$702	0.1%	$68.66	-34.2%	CLASS A COM STK	316841105
BLND	BLEND LABS INC	344,761	$1,048	0.1%	$16.98	-81.2%	CL A	09352U108
UNH	UNITEDHEALTH GROUP INC	13,633	$4,500	0.6%	$374.94	-10.1%	COM	91324P102
ALAB	ASTERA LABS INC	6,122	$1,018	0.1%	$65.64	+154.9%	COM	04626A103
RXRX	RECURSION PHARMACEUTICALS IN	217,657	$890	0.1%	$22.19	-77.7%	CL A	75629V104
MA	MASTERCARD INCORPORATED	65,553	$37,423	4.7%	$76.79	+627.9%	CL A	57636Q104
V	VISA INC	11,668	$4,092	0.5%	$282.83	+20.3%	COM CL A	92826C839
TDG	TRANSDIGM GROUP INC	2,764	$3,676	0.5%	$254.69	+414.6%	COM	893641100
BRK/A	BERKSHIRE HATHAWAY INC DEL	41	$30,947	3.9%	$165023.42	+352.3%	CL A	084670108
BRK/B	BERKSHIRE HATHAWAY INC DEL	6,906	$3,471	0.4%	$206.92	+140.4%	CL B NEW	084670702