Selkirk Management LLC Long-Term Concentrated

CIK: 0001565432 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $378,117 (100.0% shares, 0.0% debt)

Holdings (12)

Increased Positions (3)

APP APPLOVIN CORP 6.4%

Value ($000) $24,055 (+11.2%) Shares 35,700 (+18.6%) Est. Cost $456.57 Unrealized +38.0%

NFLX NETFLIX INC 2.3%

Value ($000) $8,654 (-21.8%) Shares 92,300 (+900.0%) Est. Cost $99.72 Unrealized +8.1%

ACVA ACV AUCTIONS INC 1.9%

Value ($000) $7,114 (+25.9%) Shares 887,000 (+55.6%) Est. Cost $12.48 Unrealized -35.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APP	APPLOVIN CORP	35,700 (+18.6%)	$24,055 (+11.2%)	6.4%	$456.57	+38.0%	COM CL A	03831W108
NFLX	NETFLIX INC	92,300 (+900.0%)	$8,654 (-21.8%)	2.3%	$99.72	+8.1%	COM	64110L106
ACVA	ACV AUCTIONS INC	887,000 (+55.6%)	$7,114 (+25.9%)	1.9%	$12.48	-35.2%	COM CL A	00091G104

Decreased Positions (1)

V VISA INC 1.7%

Value ($000) $6,418 (-33.8%) Shares 18,300 (-35.6%) Est. Cost $55.97 Unrealized +508.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
V	VISA INC	18,300 (-35.6%)	$6,418 (-33.8%)	1.7%	$55.97	+508.2%	COM CL A	92826C839

Unchanged Positions (8)

CVNA CARVANA CO 40.8%

Value ($000) $154,130 Shares 365,220 Est. Cost $25.28 Unrealized +1370.2%

GOOGL ALPHABET INC 7.1%

Value ($000) $26,691 Shares 85,275 Est. Cost $107.76 Unrealized +165.0%

FLUT FLUTTER ENTMT PLC 4.9%

Value ($000) $18,445 Shares 85,776 Est. Cost $208.37 Unrealized +7.9%

META META PLATFORMS INC 7.8%

Value ($000) $29,539 Shares 44,750 Est. Cost $199.56 Unrealized +234.4%

AMZN AMAZON COM INC 15.4%

Value ($000) $58,397 Shares 253,000 Est. Cost $119.93 Unrealized +90.8%

ZG ZILLOW GROUP INC 6.6%

Value ($000) $24,959 Shares 365,800 Est. Cost $42.33 Unrealized +66.1%

GDS GDS HLDGS LTD 2.6%

Value ($000) $10,016 Shares 287,000 Est. Cost $42.41 Unrealized —

NVDA NVIDIA CORPORATION 2.6%

Value ($000) $9,698 Shares 52,000 Est. Cost $95.93 Unrealized +94.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CVNA	CARVANA CO	365,220	$154,130	40.8%	$25.28	+1370.2%	CL A	146869102
GOOGL	ALPHABET INC	85,275	$26,691	7.1%	$107.76	+165.0%	CAP STK CL A	02079K305
FLUT	FLUTTER ENTMT PLC	85,776	$18,445	4.9%	$208.37	+7.9%	SHS	G3643J108
META	META PLATFORMS INC	44,750	$29,539	7.8%	$199.56	+234.4%	CL A	30303M102
AMZN	AMAZON COM INC	253,000	$58,397	15.4%	$119.93	+90.8%	COM	023135106
ZG	ZILLOW GROUP INC	365,800	$24,959	6.6%	$42.33	+66.1%	CL A	98954M101
GDS	GDS HLDGS LTD	287,000	$10,016	2.6%	$42.41	—	SPONSORED ADS	36165L108
NVDA	NVIDIA CORPORATION	52,000	$9,698	2.6%	$95.93	+94.0%	COM	67066G104