IVY LANE CAPITAL MANAGEMENT, LLC Diversified Active

CIK: 0001839851 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $79,094 (100.0% shares, 0.0% debt)

Holdings (10)

New Positions (4)

SNAP SNAP INC 5.4%

Value ($000) $4,237 Shares 525,000 Est. Cost $7.91 Unrealized 0.0%

EBAY EBAY INC 3.9%

Value ($000) $3,049 Shares 35,000 Est. Cost $86.37 Unrealized 0.0%

GTLB GITLAB INC 1.8%

Value ($000) $1,389 Shares 37,000 Est. Cost $43.29 Unrealized 0.0%

LW LAMB WESTON HOLDINGS INC 1.4%

Value ($000) $1,131 Shares 27,000 Est. Cost $58.72 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SNAP	SNAP INC	525,000	$4,237	5.4%	$7.91	0.0%	CL A	83304A106
EBAY	EBAY INC	35,000	$3,049	3.9%	$86.37	0.0%	COM	278642103
GTLB	GITLAB INC	37,000	$1,389	1.8%	$43.29	0.0%	CLASS A COM	37637K108
LW	LAMB WESTON HOLDINGS INC	27,000	$1,131	1.4%	$58.72	0.0%	COM	513272104

Exited Positions (4)

BILL BILL HOLDINGS INC 8.0%

Value ($000) $6,356 Shares 120,000 Est. Cost $53.16 Unrealized -3.4%

Z ZILLOW GROUP INC 5.1%

Value ($000) $4,007 Shares 52,000 Est. Cost $39.75 Unrealized +82.2%

VERX VERTEX INC 2.9%

Value ($000) $2,330 Shares 94,000 Est. Cost $28.97 Unrealized -25.3%

PYPL PAYPAL HOLDINGS INC 2.8%

Value ($000) $2,213 Shares 33,000 Est. Cost $70.32 Unrealized -7.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BILL	BILL HOLDINGS INC	120,000	$6,356	8.0%	$53.16	-3.4%	—	090043100
Z	ZILLOW GROUP INC	52,000	$4,007	5.1%	$39.75	+82.2%	—	98954M200
VERX	VERTEX INC	94,000	$2,330	2.9%	$28.97	-25.3%	—	92538J106
PYPL	PAYPAL HOLDINGS INC	33,000	$2,213	2.8%	$70.32	-7.8%	—	70450Y103

Decreased Positions (3)

MSFT MICROSOFT CORP 12.2%

Value ($000) $9,672 (-37.8%) Shares 20,000 (-33.3%) Est. Cost $206.04 Unrealized +143.0%

GOOG ALPHABET INC 36.5%

Value ($000) $28,870 (+18.5%) Shares 92,000 (-8.0%) Est. Cost $109.48 Unrealized +161.5%

UNP UNION PAC CORP 5.8%

Value ($000) $4,626 (-18.4%) Shares 20,000 (-16.7%) Est. Cost $189.39 Unrealized +20.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	20,000 (-33.3%)	$9,672 (-37.8%)	12.2%	$206.04	+143.0%	COM	594918104
GOOG	ALPHABET INC	92,000 (-8.0%)	$28,870 (+18.5%)	36.5%	$109.48	+161.5%	CAP STK CL C	02079K107
UNP	UNION PAC CORP	20,000 (-16.7%)	$4,626 (-18.4%)	5.8%	$189.39	+20.0%	COM	907818108

Unchanged Positions (3)

T AT&T INC 11.8%

Value ($000) $9,315 Shares 375,000 Est. Cost $14.55 Unrealized +73.8%

— BLACKROCK INC 14.9%

Value ($000) $11,774 Shares 11,000 Est. Cost $715.82 Unrealized —

DGX QUEST DIAGNOSTICS INC 6.4%

Value ($000) $5,032 Shares 29,000 Est. Cost $129.78 Unrealized +40.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
T	AT&T INC	375,000	$9,315	11.8%	$14.55	+73.8%	COM	00206R102
—	BLACKROCK INC	11,000	$11,774	14.9%	$715.82	—	COM	09247X101
DGX	QUEST DIAGNOSTICS INC	29,000	$5,032	6.4%	$129.78	+40.3%	COM	74834L100