a16z Perennial Management, L.P. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COIN	COINBASE GLOBAL INC	1,461,157	$330,426	24.8%	$297.98	0.0%	COM CL A	19260Q107
IOT	SAMSARA INC	1,662,155	$58,923	4.4%	$38.70	0.0%	COM CL A	79589L106
VTI	VANGUARD INDEX FDS	105,141	$54,771	4.1%	$520.93	—	S&P 500 ETF SHS	922908769
IEUR	ISHARES TR	853,180	$47,423	3.6%	$55.58	—	CALIF MUN BD ETF	46434V738
ABNB	AIRBNB INC	319,868	$43,412	3.3%	$124.53	0.0%	COM CL A	009066101
COIN	COINBASE GLOBAL INC	125,000	$28,268	2.1%	$297.98	0.0%	PUT	19260Q107
IOT	SAMSARA INC	615,500	$21,819	1.6%	$38.70	0.0%	PUT	79589L106
RVMD	REVOLUTION MEDICINES INC	182,918	$14,569	1.1%	$65.57	0.0%	COM	76155X100
JAAA	JANUS DETROIT STR TR	237,049	$11,990	0.9%	$50.58	—	HENDRSON AAA CL	47103U845
ABNB	AIRBNB INC	60,100	$8,157	0.6%	$124.53	0.0%	PUT	009066101
DIS	DISNEY WALT CO	67,804	$7,714	0.6%	$109.53	0.0%	COM	254687106
DOCN	DIGITALOCEAN HLDGS INC	141,352	$6,802	0.5%	$44.03	0.0%	COM	25402D102
DOCN	DIGITALOCEAN HLDGS INC	138,200	$6,650	0.5%	$44.03	0.0%	PUT	25402D102
PINS	PINTEREST INC	248,473	$6,433	0.5%	$28.79	0.0%	CL A	72352L106
OMDA	OMADA HEALTH INC	157,132	$2,480	0.2%	$20.28	0.0%	COM	68170A108
CART	MAPLEBEAR INC	37,600	$1,691	0.1%	$39.78	+2.9%	PUT	565394103
OKTA	OKTA INC	17,700	$1,531	0.1%	$76.29	+14.4%	PUT	679295105
IAUM	ISHARES GOLD TR	17,077	$734	0.1%	$42.99	—	SHARES REPRESENT	46436F103
CRCL	CIRCLE INTERNET GROUP INC	5,027	$399	0.0%	$103.35	0.0%	COM CL A	172573107
UL	UNILEVER PLC	3,790	$248	0.0%	$65.40	—	SPON ADR NEW	904767803
CEG	CONSTELLATION ENERGY CORP	668	$236	0.0%	$363.20	0.0%	COM	21037T109
SPGI	S&P GLOBAL INC	426	$223	0.0%	$494.21	0.0%	COM	78409V104
LRCX	LAM RESEARCH CORP	1,290	$221	0.0%	$155.36	0.0%	COM NEW	512807306
EXPD	EXPEDITORS INTL WASH INC	1,458	$217	0.0%	$135.64	0.0%	COM	302130109
PEP	PEPSICO INC	1,498	$215	0.0%	$145.91	0.0%	COM	713448108
STLD	STEEL DYNAMICS INC	1,233	$209	0.0%	$158.36	0.0%	COM	858119100
ING	ING GROEP N.V.	7,452	$209	0.0%	$28.00	—	SPONSORED ADR	456837103
CBOE	CBOE GLOBAL MKTS INC	803	$202	0.0%	$248.74	0.0%	COM	12503M108
TMO	THERMO FISHER SCIENTIFIC INC	346	$200	0.0%	$565.16	0.0%	COM	883556102
LYG	LLOYDS BANKING GROUP PLC	12,345	$65	0.0%	$5.30	—	SPONSORED ADR	539439109

Increased Positions (54)

AVGO BROADCOM INC 3.8%

Value ($000) $49,994 (+136.6%) Shares 144,449 (+125.5%) Est. Cost $334.27 Unrealized +6.8%

VEA VANGUARD TAX-MANAGED FDS 1.8%

Value ($000) $23,588 (+706.0%) Shares 377,596 (+673.1%) Est. Cost $62.14 Unrealized —

META META PLATFORMS INC 3.0%

Value ($000) $39,541 (+57.1%) Shares 59,902 (+74.7%) Est. Cost $679.74 Unrealized -1.8%

AFRM AFFIRM HLDGS INC 0.6%

Value ($000) $7,683 (+692.8%) Shares 103,220 (+678.4%) Est. Cost $67.69 Unrealized +6.3%

AAPL APPLE INC 0.5%

Value ($000) $6,775 (+39.4%) Shares 24,920 (+30.6%) Est. Cost $235.59 Unrealized +13.9%

CART MAPLEBEAR INC 0.2%

Value ($000) $2,107 (+470.2%) Shares 46,840 (+366.0%) Est. Cost $39.78 Unrealized +2.9%

BITB BITWISE BITCOIN ETF TR 0.2%

Value ($000) $2,402 (+141.9%) Shares 50,502 (+216.4%) Est. Cost $48.60 Unrealized —

LLY ELI LILLY &CO 0.1%

Value ($000) $1,480 (+61.5%) Shares 1,377 (+14.7%) Est. Cost $769.51 Unrealized +24.2%

MU MICRON TECHNOLOGY INC 0.1%

Value ($000) $765 (+90.4%) Shares 2,682 (+11.6%) Est. Cost $138.38 Unrealized +65.7%

ORCL ORACLE CORP 0.1%

Value ($000) $844 (-26.2%) Shares 4,329 (+6.5%) Est. Cost $253.19 Unrealized -6.0%

NFLX NETFLIX INC 0.1%

Value ($000) $1,483 (-15.5%) Shares 15,820 (+980.6%) Est. Cost $106.34 Unrealized +1.4%

TSLA TESLA INC 0.1%

Value ($000) $1,941 (+12.5%) Shares 4,315 (+11.3%) Est. Cost $356.60 Unrealized +24.3%

GS GOLDMAN SACHS GROUP INC 0.1%

Value ($000) $1,199 (+18.0%) Shares 1,364 (+6.9%) Est. Cost $739.91 Unrealized +9.9%

PLTR PALANTIR TECHNOLOGIES INC 0.1%

Value ($000) $1,627 (+12.6%) Shares 9,156 (+15.6%) Est. Cost $164.63 Unrealized +10.0%

GEV GE VERNOVA INC 0.1%

Value ($000) $749 (+25.6%) Shares 1,146 (+18.1%) Est. Cost $606.06 Unrealized +0.5%

WMT WALMART INC 0.1%

Value ($000) $1,259 (+12.8%) Shares 11,302 (+4.4%) Est. Cost $99.57 Unrealized +7.7%

AMAT APPLIED MATLS INC 0.0%

Value ($000) $438 (+43.9%) Shares 1,705 (+14.7%) Est. Cost $188.29 Unrealized +27.2%

WDC WESTERN DIGITAL CORP 0.0%

Value ($000) $346 (+55.6%) Shares 2,011 (+8.5%) Est. Cost $87.06 Unrealized +74.1%

GE GE AEROSPACE 0.1%

Value ($000) $1,305 (+10.3%) Shares 4,236 (+7.7%) Est. Cost $274.70 Unrealized +9.5%

HSBC HSBC HLDGS PLC 0.0%

Value ($000) $536 (+24.7%) Shares 6,810 (+12.5%) Est. Cost $71.84 Unrealized —

MAR MARRIOTT INTL INC NEW 0.0%

Value ($000) $605 (+20.5%) Shares 1,951 (+1.1%) Est. Cost $267.69 Unrealized +6.6%

SAN BANCO SANTANDER SA 0.0%

Value ($000) $352 (+40.8%) Shares 30,021 (+25.8%) Est. Cost $10.74 Unrealized —

CAT CATERPILLAR INC 0.0%

Value ($000) $492 (+25.3%) Shares 858 (+4.4%) Est. Cost $430.85 Unrealized +28.9%

GM GENERAL MTRS CO 0.0%

Value ($000) $377 (+35.0%) Shares 4,636 (+1.2%) Est. Cost $55.73 Unrealized +26.3%

COF CAPITAL ONE FINL CORP 0.1%

Value ($000) $686 (+16.4%) Shares 2,831 (+2.1%) Est. Cost $217.89 Unrealized +2.0%

WFC WELLS FARGO CO NEW 0.0%

Value ($000) $644 (+16.7%) Shares 6,908 (+4.9%) Est. Cost $80.76 Unrealized +7.3%

MFG MIZUHO FINANCIAL GROUP INC 0.0%

Value ($000) $209 (+75.3%) Shares 28,598 (+60.5%) Est. Cost $6.93 Unrealized —

MRK MERCK &CO INC 0.0%

Value ($000) $380 (+30.8%) Shares 3,612 (+4.3%) Est. Cost $81.52 Unrealized +14.4%

BBVA BANCO BILBAO VIZCAYA ARGENTA 0.0%

Value ($000) $307 (+37.1%) Shares 13,150 (+13.2%) Est. Cost $19.72 Unrealized —

KLAC KLA CORP 0.0%

Value ($000) $453 (+21.1%) Shares 373 (+7.5%) Est. Cost $947.19 Unrealized +23.7%

CRWD CROWDSTRIKE HLDGS INC 0.2%

Value ($000) $2,600 (-2.8%) Shares 5,547 (+1.6%) Est. Cost $259.36 Unrealized +96.3%

SAP SAP SE 0.0%

Value ($000) $375 (+23.9%) Shares 1,544 (+36.3%) Est. Cost $260.74 Unrealized —

HLT HILTON WORLDWIDE HLDGS INC 0.0%

Value ($000) $390 (+18.4%) Shares 1,356 (+6.9%) Est. Cost $270.22 Unrealized +0.7%

XOM EXXON MOBIL CORP 0.1%

Value ($000) $731 (+8.7%) Shares 6,074 (+1.9%) Est. Cost $109.81 Unrealized +5.2%

ETN EATON CORP PLC 0.0%

Value ($000) $394 (-12.1%) Shares 1,238 (+3.3%) Est. Cost $362.98 Unrealized -2.4%

UBS UBS GROUP AG 0.0%

Value ($000) $285 (+23.2%) Shares 6,159 (+9.0%) Est. Cost $38.97 Unrealized +3.7%

JPM JPMORGAN CHASE &CO. 0.1%

Value ($000) $1,221 (+4.5%) Shares 3,789 (+2.3%) Est. Cost $296.24 Unrealized +4.5%

TJX TJX COS INC NEW 0.0%

Value ($000) $284 (+21.3%) Shares 1,852 (+14.2%) Est. Cost $134.19 Unrealized +10.1%

KO COCA COLA CO 0.0%

Value ($000) $474 (+11.7%) Shares 6,787 (+5.9%) Est. Cost $68.00 Unrealized +2.0%

AXP AMERICAN EXPRESS CO 0.0%

Value ($000) $251 (+22.6%) Shares 678 (+10.1%) Est. Cost $320.24 Unrealized +11.5%

ANET ARISTA NETWORKS INC 0.0%

Value ($000) $429 (-7.6%) Shares 3,276 (+2.8%) Est. Cost $129.01 Unrealized +6.7%

V VISA INC 0.0%

Value ($000) $562 (+6.1%) Shares 1,602 (+3.3%) Est. Cost $344.99 Unrealized -1.3%

PWR QUANTA SVCS INC 0.0%

Value ($000) $269 (+12.6%) Shares 637 (+10.6%) Est. Cost $393.36 Unrealized +11.7%

TMUS T-MOBILE US INC 0.0%

Value ($000) $214 (-12.3%) Shares 1,054 (+3.4%) Est. Cost $239.35 Unrealized -11.7%

CDNS CADENCE DESIGN SYSTEM INC 0.0%

Value ($000) $228 (-9.4%) Shares 730 (+1.8%) Est. Cost $343.71 Unrealized -5.1%

PG PROCTER AND GAMBLE CO 0.0%

Value ($000) $477 (-4.4%) Shares 3,327 (+2.5%) Est. Cost $154.71 Unrealized -4.9%

MA MASTERCARD INCORPORATED 0.0%

Value ($000) $413 (+4.7%) Shares 724 (+4.3%) Est. Cost $572.87 Unrealized -2.4%

NOC NORTHROP GRUMMAN CORP 0.0%

Value ($000) $251 (+4.8%) Shares 440 (+12.0%) Est. Cost $564.93 Unrealized +2.5%

INTU INTUIT 0.0%

Value ($000) $364 (-1.4%) Shares 550 (+1.7%) Est. Cost $718.48 Unrealized -8.0%

AMT AMERICAN TOWER CORP NEW 0.0%

Value ($000) $217 (+1.0%) Shares 1,237 (+10.6%) Est. Cost $202.22 Unrealized -10.8%

FE FIRSTENERGY CORP 0.0%

Value ($000) $201 (-0.9%) Shares 4,496 (+1.4%) Est. Cost $42.16 Unrealized +8.5%

ABBV ABBVIE INC 0.0%

Value ($000) $583 (+0.3%) Shares 2,551 (+1.6%) Est. Cost $202.36 Unrealized +12.4%

COP CONOCOPHILLIPS 0.0%

Value ($000) $234 (+0.4%) Shares 2,505 (+1.5%) Est. Cost $93.23 Unrealized -3.4%

CVX CHEVRON CORP NEW 0.0%

Value ($000) $392 (-0.1%) Shares 2,575 (+1.7%) Est. Cost $152.26 Unrealized -0.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AVGO	BROADCOM INC	144,449 (+125.5%)	$49,994 (+136.6%)	3.8%	$334.27	+6.8%	COM	11135F101
VEA	VANGUARD TAX-MANAGED FDS	377,596 (+673.1%)	$23,588 (+706.0%)	1.8%	$62.14	—	VAN FTSE DEV MKT	921943858
META	META PLATFORMS INC	59,902 (+74.7%)	$39,541 (+57.1%)	3.0%	$679.74	-1.8%	CL A	30303M102
AFRM	AFFIRM HLDGS INC	103,220 (+678.4%)	$7,683 (+692.8%)	0.6%	$67.69	+6.3%	COM CL A	00827B106
AAPL	APPLE INC	24,920 (+30.6%)	$6,775 (+39.4%)	0.5%	$235.59	+13.9%	COM	037833100
CART	MAPLEBEAR INC	46,840 (+366.0%)	$2,107 (+470.2%)	0.2%	$39.78	+2.9%	COM	565394103
BITB	BITWISE BITCOIN ETF TR	50,502 (+216.4%)	$2,402 (+141.9%)	0.2%	$48.60	—	SHS BEN INT	09174C104
LLY	ELI LILLY &CO	1,377 (+14.7%)	$1,480 (+61.5%)	0.1%	$769.51	+24.2%	COM	532457108
MU	MICRON TECHNOLOGY INC	2,682 (+11.6%)	$765 (+90.4%)	0.1%	$138.38	+65.7%	COM	595112103
ORCL	ORACLE CORP	4,329 (+6.5%)	$844 (-26.2%)	0.1%	$253.19	-6.0%	COM	68389X105
NFLX	NETFLIX INC	15,820 (+980.6%)	$1,483 (-15.5%)	0.1%	$106.34	+1.4%	COM	64110L106
TSLA	TESLA INC	4,315 (+11.3%)	$1,941 (+12.5%)	0.1%	$356.60	+24.3%	COM	88160R101
GS	GOLDMAN SACHS GROUP INC	1,364 (+6.9%)	$1,199 (+18.0%)	0.1%	$739.91	+9.9%	COM	38141G104
PLTR	PALANTIR TECHNOLOGIES INC	9,156 (+15.6%)	$1,627 (+12.6%)	0.1%	$164.63	+10.0%	CL A	69608A108
GEV	GE VERNOVA INC	1,146 (+18.1%)	$749 (+25.6%)	0.1%	$606.06	+0.5%	COM	36828A101
WMT	WALMART INC	11,302 (+4.4%)	$1,259 (+12.8%)	0.1%	$99.57	+7.7%	COM	931142103
AMAT	APPLIED MATLS INC	1,705 (+14.7%)	$438 (+43.9%)	0.0%	$188.29	+27.2%	COM	038222105
WDC	WESTERN DIGITAL CORP	2,011 (+8.5%)	$346 (+55.6%)	0.0%	$87.06	+74.1%	COM	958102105
GE	GE AEROSPACE	4,236 (+7.7%)	$1,305 (+10.3%)	0.1%	$274.70	+9.5%	COM NEW	369604301
HSBC	HSBC HLDGS PLC	6,810 (+12.5%)	$536 (+24.7%)	0.0%	$71.84	—	SPON ADR NEW	404280406
MAR	MARRIOTT INTL INC NEW	1,951 (+1.1%)	$605 (+20.5%)	0.0%	$267.69	+6.6%	CL A	571903202
SAN	BANCO SANTANDER SA	30,021 (+25.8%)	$352 (+40.8%)	0.0%	$10.74	—	ADR	05964H105
CAT	CATERPILLAR INC	858 (+4.4%)	$492 (+25.3%)	0.0%	$430.85	+28.9%	COM	149123101
GM	GENERAL MTRS CO	4,636 (+1.2%)	$377 (+35.0%)	0.0%	$55.73	+26.3%	COM	37045V100
COF	CAPITAL ONE FINL CORP	2,831 (+2.1%)	$686 (+16.4%)	0.1%	$217.89	+2.0%	COM	14040H105
WFC	WELLS FARGO CO NEW	6,908 (+4.9%)	$644 (+16.7%)	0.0%	$80.76	+7.3%	COM	949746101
MFG	MIZUHO FINANCIAL GROUP INC	28,598 (+60.5%)	$209 (+75.3%)	0.0%	$6.93	—	SPONSORED ADR	60687Y109
MRK	MERCK &CO INC	3,612 (+4.3%)	$380 (+30.8%)	0.0%	$81.52	+14.4%	COM	58933Y105
BBVA	BANCO BILBAO VIZCAYA ARGENTA	13,150 (+13.2%)	$307 (+37.1%)	0.0%	$19.72	—	SPONSORED ADR	05946K101
KLAC	KLA CORP	373 (+7.5%)	$453 (+21.1%)	0.0%	$947.19	+23.7%	COM NEW	482480100
CRWD	CROWDSTRIKE HLDGS INC	5,547 (+1.6%)	$2,600 (-2.8%)	0.2%	$259.36	+96.3%	CL A	22788C105
SAP	SAP SE	1,544 (+36.3%)	$375 (+23.9%)	0.0%	$260.74	—	SPON ADR	803054204
HLT	HILTON WORLDWIDE HLDGS INC	1,356 (+6.9%)	$390 (+18.4%)	0.0%	$270.22	+0.7%	COM	43300A203
XOM	EXXON MOBIL CORP	6,074 (+1.9%)	$731 (+8.7%)	0.1%	$109.81	+5.2%	COM	30231G102
ETN	EATON CORP PLC	1,238 (+3.3%)	$394 (-12.1%)	0.0%	$362.98	-2.4%	SHS	G29183103
UBS	UBS GROUP AG	6,159 (+9.0%)	$285 (+23.2%)	0.0%	$38.97	+3.7%	SHS	H42097107
JPM	JPMORGAN CHASE &CO.	3,789 (+2.3%)	$1,221 (+4.5%)	0.1%	$296.24	+4.5%	COM	46625H100
TJX	TJX COS INC NEW	1,852 (+14.2%)	$284 (+21.3%)	0.0%	$134.19	+10.1%	COM	872540109
KO	COCA COLA CO	6,787 (+5.9%)	$474 (+11.7%)	0.0%	$68.00	+2.0%	COM	191216100
AXP	AMERICAN EXPRESS CO	678 (+10.1%)	$251 (+22.6%)	0.0%	$320.24	+11.5%	COM	025816109
ANET	ARISTA NETWORKS INC	3,276 (+2.8%)	$429 (-7.6%)	0.0%	$129.01	+6.7%	COM SHS	040413205
V	VISA INC	1,602 (+3.3%)	$562 (+6.1%)	0.0%	$344.99	-1.3%	COM CL A	92826C839
PWR	QUANTA SVCS INC	637 (+10.6%)	$269 (+12.6%)	0.0%	$393.36	+11.7%	COM	74762E102
TMUS	T-MOBILE US INC	1,054 (+3.4%)	$214 (-12.3%)	0.0%	$239.35	-11.7%	COM	872590104
CDNS	CADENCE DESIGN SYSTEM INC	730 (+1.8%)	$228 (-9.4%)	0.0%	$343.71	-5.1%	COM	127387108
PG	PROCTER AND GAMBLE CO	3,327 (+2.5%)	$477 (-4.4%)	0.0%	$154.71	-4.9%	COM	742718109
MA	MASTERCARD INCORPORATED	724 (+4.3%)	$413 (+4.7%)	0.0%	$572.87	-2.4%	CL A	57636Q104
NOC	NORTHROP GRUMMAN CORP	440 (+12.0%)	$251 (+4.8%)	0.0%	$564.93	+2.5%	COM	666807102
INTU	INTUIT	550 (+1.7%)	$364 (-1.4%)	0.0%	$718.48	-8.0%	COM	461202103
AMT	AMERICAN TOWER CORP NEW	1,237 (+10.6%)	$217 (+1.0%)	0.0%	$202.22	-10.8%	COM	03027X100
FE	FIRSTENERGY CORP	4,496 (+1.4%)	$201 (-0.9%)	0.0%	$42.16	+8.5%	COM	337932107
ABBV	ABBVIE INC	2,551 (+1.6%)	$583 (+0.3%)	0.0%	$202.36	+12.4%	COM	00287Y109
COP	CONOCOPHILLIPS	2,505 (+1.5%)	$234 (+0.4%)	0.0%	$93.23	-3.4%	COM	20825C104
CVX	CHEVRON CORP NEW	2,575 (+1.7%)	$392 (-0.1%)	0.0%	$152.26	-0.6%	COM	166764100

Exited Positions (21)

— COINBASE GLOBAL INC 37.1%

Value ($000) $493,356 Shares 1,461,839 Est. Cost $337.49 Unrealized —

— SAMSARA INC 5.1%

Value ($000) $68,476 Shares 1,838,292 Est. Cost $37.25 Unrealized —

— AIRBNB INC 3.2%

Value ($000) $42,210 Shares 347,635 Est. Cost $121.42 Unrealized —

NU NU HLDGS LTD 2.0%

Value ($000) $27,161 Shares 1,696,500 Est. Cost $11.75 Unrealized +36.8%

— DIGITALOCEAN HLDGS INC 1.4%

Value ($000) $18,049 Shares 528,352 Est. Cost $34.16 Unrealized —

— PINTEREST INC 0.6%

Value ($000) $7,981 Shares 248,099 Est. Cost $32.17 Unrealized —

VOO VANGUARD INDEX FDS 0.5%

Value ($000) $7,112 Shares 21,672 Est. Cost $328.17 Unrealized —

— COINBASE GLOBAL INC 0.5%

Value ($000) $6,700 Shares 134,800 Est. Cost $337.49 Unrealized —

SPY SPDR S&P 500 ETF TR 0.3%

Value ($000) $3,331 Shares 5,000 Est. Cost $666.18 Unrealized —

— SAMSARA INC 0.1%

Value ($000) $1,619 Shares 703,900 Est. Cost $37.25 Unrealized —

OPEN OPENDOOR TECHNOLOGIES INC 0.0%

Value ($000) $403 Shares 50,595 Est. Cost $1.49 Unrealized +389.2%

FISV FISERV INC 0.0%

Value ($000) $342 Shares 2,650 Est. Cost $143.31 Unrealized -41.5%

— DIGITALOCEAN HLDGS INC 0.0%

Value ($000) $274 Shares 422,200 Est. Cost $34.16 Unrealized —

DD DUPONT DE NEMOURS INC 0.0%

Value ($000) $262 Shares 3,361 Est. Cost $31.14 Unrealized +20.0%

— UNILEVER PLC 0.0%

Value ($000) $253 Shares 4,264 Est. Cost $59.28 Unrealized —

WDAY WORKDAY INC 0.0%

Value ($000) $238 Shares 987 Est. Cost $237.46 Unrealized -4.3%

SONY SONY GROUP CORP 0.0%

Value ($000) $222 Shares 7,710 Est. Cost $28.79 Unrealized —

NTAP NETAPP INC 0.0%

Value ($000) $209 Shares 1,768 Est. Cost $110.78 Unrealized +2.6%

KMI KINDER MORGAN INC DEL 0.0%

Value ($000) $205 Shares 7,243 Est. Cost $26.97 Unrealized -0.2%

QCOM QUALCOMM INC 0.0%

Value ($000) $201 Shares 1,207 Est. Cost $157.20 Unrealized +8.6%

— AIRBNB INC 0.0%

Value ($000) $4 Shares 50,400 Est. Cost $121.42 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	COINBASE GLOBAL INC	1,461,839	$493,356	37.1%	$337.49	—	—	6918009DZ
—	SAMSARA INC	1,838,292	$68,476	5.1%	$37.25	—	—	7762249RN
—	AIRBNB INC	347,635	$42,210	3.2%	$121.42	—	—	7723429EY
NU	NU HLDGS LTD	1,696,500	$27,161	2.0%	$11.75	+36.8%	PUT	G6683N103
—	DIGITALOCEAN HLDGS INC	528,352	$18,049	1.4%	$34.16	—	—	6907709SM
—	PINTEREST INC	248,099	$7,981	0.6%	$32.17	—	—	7942749FZ
VOO	VANGUARD INDEX FDS	21,672	$7,112	0.5%	$328.17	—	—	922908363
—	COINBASE GLOBAL INC	134,800	$6,700	0.5%	$337.49	—	PUT	6918009DZ
SPY	SPDR S&P 500 ETF TR	5,000	$3,331	0.3%	$666.18	—	PUT	78462F103
—	SAMSARA INC	703,900	$1,619	0.1%	$37.25	—	PUT	7762249RN
OPEN	OPENDOOR TECHNOLOGIES INC	50,595	$403	0.0%	$1.49	+389.2%	—	683712103
FISV	FISERV INC	2,650	$342	0.0%	$143.31	-41.5%	—	337738108
—	DIGITALOCEAN HLDGS INC	422,200	$274	0.0%	$34.16	—	PUT	6907709SM
DD	DUPONT DE NEMOURS INC	3,361	$262	0.0%	$31.14	+20.0%	—	26614N102
—	UNILEVER PLC	4,264	$253	0.0%	$59.28	—	—	904767704
WDAY	WORKDAY INC	987	$238	0.0%	$237.46	-4.3%	—	98138H101
SONY	SONY GROUP CORP	7,710	$222	0.0%	$28.79	—	—	835699307
NTAP	NETAPP INC	1,768	$209	0.0%	$110.78	+2.6%	—	64110D104
KMI	KINDER MORGAN INC DEL	7,243	$205	0.0%	$26.97	-0.2%	—	49456B101
QCOM	QUALCOMM INC	1,207	$201	0.0%	$157.20	+8.6%	—	747525103
—	AIRBNB INC	50,400	$4	0.0%	$121.42	—	PUT	7723429EY

Decreased Positions (29)

OKTA OKTA INC 2.4%

Value ($000) $32,531 (-40.7%) Shares 376,210 (-37.1%) Est. Cost $76.29 Unrealized +14.4%

HOOD ROBINHOOD MKTS INC 5.1%

Value ($000) $67,229 (-24.1%) Shares 594,422 (-3.9%) Est. Cost $109.05 Unrealized +19.3%

IVV ISHARES TR 2.3%

Value ($000) $30,994 (+108.9%) Shares 45,250 (-89.1%) Est. Cost $80.00 Unrealized —

NU NU HLDGS LTD 17.3%

Value ($000) $230,148 (+1.7%) Shares 13,748,400 (-2.7%) Est. Cost $11.75 Unrealized +36.8%

HOOD ROBINHOOD MKTS INC 0.2%

Value ($000) $2,500 (-58.9%) Shares 22,100 (-48.0%) Est. Cost $109.05 Unrealized +19.3%

GOOG ALPHABET INC 0.6%

Value ($000) $8,604 (+26.9%) Shares 27,455 (-1.4%) Est. Cost $209.93 Unrealized +36.4%

DASH DOORDASH INC 0.2%

Value ($000) $3,125 (-23.7%) Shares 13,796 (-8.3%) Est. Cost $205.45 Unrealized +14.2%

MSFT MICROSOFT CORP 0.4%

Value ($000) $5,393 (-13.1%) Shares 11,151 (-6.9%) Est. Cost $405.05 Unrealized +23.6%

AMZN AMAZON COM INC 0.4%

Value ($000) $5,556 (-10.7%) Shares 24,069 (-15.0%) Est. Cost $197.39 Unrealized +15.9%

NVDA NVIDIA CORPORATION 0.6%

Value ($000) $7,354 (-4.4%) Shares 39,429 (-4.4%) Est. Cost $174.29 Unrealized +6.8%

CFLT CONFLUENT INC 0.1%

Value ($000) $712 (+14.7%) Shares 23,532 (-24.9%) Est. Cost $20.91 Unrealized +17.4%

C CITIGROUP INC 0.0%

Value ($000) $624 (+13.2%) Shares 5,351 (-1.5%) Est. Cost $94.11 Unrealized +10.1%

JNJ JOHNSON &JOHNSON 0.1%

Value ($000) $728 (+9.9%) Shares 3,519 (-1.5%) Est. Cost $169.51 Unrealized +16.2%

AMD ADVANCED MICRO DEVICES INC 0.1%

Value ($000) $756 (-5.0%) Shares 3,530 (-28.2%) Est. Cost $161.38 Unrealized +39.2%

RTX RTX CORPORATION 0.0%

Value ($000) $627 (+6.5%) Shares 3,418 (-2.8%) Est. Cost $154.28 Unrealized +12.3%

CMCSA COMCAST CORP NEW 0.0%

Value ($000) $328 (-9.0%) Shares 10,959 (-4.3%) Est. Cost $33.16 Unrealized -14.0%

LOW LOWES COS INC 0.0%

Value ($000) $235 (-10.1%) Shares 973 (-6.4%) Est. Cost $244.20 Unrealized -1.8%

ADI ANALOG DEVICES INC 0.0%

Value ($000) $398 (+7.0%) Shares 1,469 (-3.0%) Est. Cost $238.95 Unrealized +4.9%

ADBE ADOBE INC 0.0%

Value ($000) $236 (-9.2%) Shares 673 (-8.4%) Est. Cost $358.75 Unrealized -5.2%

PFE PFIZER INC 0.0%

Value ($000) $252 (-8.5%) Shares 10,118 (-6.3%) Est. Cost $24.14 Unrealized +3.7%

BSX BOSTON SCIENTIFIC CORP 0.0%

Value ($000) $251 (-7.7%) Shares 2,636 (-5.5%) Est. Cost $103.56 Unrealized -5.3%

TXN TEXAS INSTRS INC 0.0%

Value ($000) $262 (-6.6%) Shares 1,509 (-1.0%) Est. Cost $193.30 Unrealized -11.7%

CMI CUMMINS INC 0.0%

Value ($000) $250 (+6.9%) Shares 490 (-11.6%) Est. Cost $380.68 Unrealized +22.5%

AIG AMERICAN INTL GROUP INC 0.0%

Value ($000) $267 (+6.2%) Shares 3,124 (-2.5%) Est. Cost $79.11 Unrealized +0.7%

DUK DUKE ENERGY CORP NEW 0.0%

Value ($000) $216 (-6.7%) Shares 1,847 (-1.5%) Est. Cost $119.80 Unrealized +1.5%

BK BANK NEW YORK MELLON CORP 0.0%

Value ($000) $412 (+3.6%) Shares 3,547 (-2.7%) Est. Cost $101.35 Unrealized +9.0%

CL COLGATE PALMOLIVE CO 0.0%

Value ($000) $249 (-3.6%) Shares 3,156 (-2.4%) Est. Cost $84.64 Unrealized -7.5%

HWM HOWMET AEROSPACE INC 0.0%

Value ($000) $271 (+2.5%) Shares 1,321 (-1.9%) Est. Cost $182.11 Unrealized +9.3%

ACN ACCENTURE PLC IRELAND 0.0%

Value ($000) $231 (+1.4%) Shares 862 (-6.8%) Est. Cost $260.61 Unrealized -2.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
OKTA	OKTA INC	376,210 (-37.1%)	$32,531 (-40.7%)	2.4%	$76.29	+14.4%	CL A	679295105
HOOD	ROBINHOOD MKTS INC	594,422 (-3.9%)	$67,229 (-24.1%)	5.1%	$109.05	+19.3%	COM CL A	770700102
IVV	ISHARES TR	45,250 (-89.1%)	$30,994 (+108.9%)	2.3%	$80.00	—	CORE S&P500 ETF	464287200
NU	NU HLDGS LTD	13,748,400 (-2.7%)	$230,148 (+1.7%)	17.3%	$11.75	+36.8%	ORD SHS CL A	G6683N103
HOOD	ROBINHOOD MKTS INC	22,100 (-48.0%)	$2,500 (-58.9%)	0.2%	$109.05	+19.3%	PUT	770700102
GOOG	ALPHABET INC	27,455 (-1.4%)	$8,604 (+26.9%)	0.6%	$209.93	+36.4%	CAP STK CL A	02079K107
DASH	DOORDASH INC	13,796 (-8.3%)	$3,125 (-23.7%)	0.2%	$205.45	+14.2%	CL A	25809K105
MSFT	MICROSOFT CORP	11,151 (-6.9%)	$5,393 (-13.1%)	0.4%	$405.05	+23.6%	COM	594918104
AMZN	AMAZON COM INC	24,069 (-15.0%)	$5,556 (-10.7%)	0.4%	$197.39	+15.9%	COM	023135106
NVDA	NVIDIA CORPORATION	39,429 (-4.4%)	$7,354 (-4.4%)	0.6%	$174.29	+6.8%	COM	67066G104
CFLT	CONFLUENT INC	23,532 (-24.9%)	$712 (+14.7%)	0.1%	$20.91	+17.4%	CLASS A COM	20717M103
C	CITIGROUP INC	5,351 (-1.5%)	$624 (+13.2%)	0.0%	$94.11	+10.1%	COM NEW	172967424
JNJ	JOHNSON &JOHNSON	3,519 (-1.5%)	$728 (+9.9%)	0.1%	$169.51	+16.2%	COM	478160104
AMD	ADVANCED MICRO DEVICES INC	3,530 (-28.2%)	$756 (-5.0%)	0.1%	$161.38	+39.2%	COM	007903107
RTX	RTX CORPORATION	3,418 (-2.8%)	$627 (+6.5%)	0.0%	$154.28	+12.3%	COM	75513E101
CMCSA	COMCAST CORP NEW	10,959 (-4.3%)	$328 (-9.0%)	0.0%	$33.16	-14.0%	CL A	20030N101
LOW	LOWES COS INC	973 (-6.4%)	$235 (-10.1%)	0.0%	$244.20	-1.8%	COM	548661107
ADI	ANALOG DEVICES INC	1,469 (-3.0%)	$398 (+7.0%)	0.0%	$238.95	+4.9%	COM	032654105
ADBE	ADOBE INC	673 (-8.4%)	$236 (-9.2%)	0.0%	$358.75	-5.2%	COM	00724F101
PFE	PFIZER INC	10,118 (-6.3%)	$252 (-8.5%)	0.0%	$24.14	+3.7%	COM	717081103
BSX	BOSTON SCIENTIFIC CORP	2,636 (-5.5%)	$251 (-7.7%)	0.0%	$103.56	-5.3%	COM	101137107
TXN	TEXAS INSTRS INC	1,509 (-1.0%)	$262 (-6.6%)	0.0%	$193.30	-11.7%	COM	882508104
CMI	CUMMINS INC	490 (-11.6%)	$250 (+6.9%)	0.0%	$380.68	+22.5%	COM	231021106
AIG	AMERICAN INTL GROUP INC	3,124 (-2.5%)	$267 (+6.2%)	0.0%	$79.11	+0.7%	COM NEW	026874784
DUK	DUKE ENERGY CORP NEW	1,847 (-1.5%)	$216 (-6.7%)	0.0%	$119.80	+1.5%	COM NEW	26441C204
BK	BANK NEW YORK MELLON CORP	3,547 (-2.7%)	$412 (+3.6%)	0.0%	$101.35	+9.0%	COM	064058100
CL	COLGATE PALMOLIVE CO	3,156 (-2.4%)	$249 (-3.6%)	0.0%	$84.64	-7.5%	COM	194162103
HWM	HOWMET AEROSPACE INC	1,321 (-1.9%)	$271 (+2.5%)	0.0%	$182.11	+9.3%	COM	443201108
ACN	ACCENTURE PLC IRELAND	862 (-6.8%)	$231 (+1.4%)	0.0%	$260.61	-2.5%	SHS CLASS A	G1151C101

Unchanged Positions (37)

RBLX ROBLOX CORP 0.7%

Value ($000) $9,201 Shares 113,547 Est. Cost $35.60 Unrealized +198.2%

BAR GRANITESHARES GOLD TR 0.6%

Value ($000) $7,731 Shares 181,946 Est. Cost $38.06 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.2%

Value ($000) $3,079 Shares 4,624 Est. Cost $484.07 Unrealized +2.8%

WVE WAVE LIFE SCIENCES LTD 0.1%

Value ($000) $1,320 Shares 77,619 Est. Cost $5.34 Unrealized +90.1%

XHLF BONDBLOXX ETF TRUST 5.3%

Value ($000) $69,948 Shares 1,392,000 Est. Cost $50.35 Unrealized —

ETHW BITWISE ETHEREUM ETF 0.0%

Value ($000) $472 Shares 22,197 Est. Cost $23.97 Unrealized —

EWJ ISHARES INC 0.6%

Value ($000) $7,998 Shares 118,984 Est. Cost $65.92 Unrealized —

UI UBIQUITI INC 0.0%

Value ($000) $585 Shares 1,058 Est. Cost $499.23 Unrealized +26.7%

IVVD INVIVYD INC 0.0%

Value ($000) $197 Shares 79,869 Est. Cost $1.89 Unrealized +10.0%

MS MORGAN STANLEY 0.1%

Value ($000) $911 Shares 5,130 Est. Cost $146.45 Unrealized +13.7%

HD HOME DEPOT INC 0.0%

Value ($000) $443 Shares 1,287 Est. Cost $389.16 Unrealized -6.3%

AZN ASTRAZENECA PLC 0.0%

Value ($000) $366 Shares 3,986 Est. Cost $76.72 Unrealized —

CRM SALESFORCE INC 0.0%

Value ($000) $561 Shares 2,117 Est. Cost $251.43 Unrealized -1.3%

ASML ASML HOLDING N V 0.0%

Value ($000) $511 Shares 478 Est. Cost $968.09 Unrealized —

GILD GILEAD SCIENCES INC 0.0%

Value ($000) $447 Shares 3,640 Est. Cost $112.28 Unrealized +7.7%

COST COSTCO WHSL CORP NEW 0.0%

Value ($000) $563 Shares 653 Est. Cost $956.70 Unrealized -5.3%

SMFG SUMITOMO MITSUI FINL GROUP I 0.0%

Value ($000) $245 Shares 12,699 Est. Cost $16.74 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.0%

Value ($000) $620 Shares 1,879 Est. Cost $298.94 Unrealized +12.8%

TM TOYOTA MOTOR CORP 0.0%

Value ($000) $262 Shares 1,226 Est. Cost $191.09 Unrealized —

DFAC DIMENSIONAL ETF TRUST 0.1%

Value ($000) $1,051 Shares 26,550 Est. Cost $38.57 Unrealized —

NVS NOVARTIS AG 0.0%

Value ($000) $361 Shares 2,618 Est. Cost $128.24 Unrealized —

NVO NOVO-NORDISK A S 0.0%

Value ($000) $263 Shares 5,176 Est. Cost $55.49 Unrealized —

ABT ABBOTT LABS 0.0%

Value ($000) $291 Shares 2,320 Est. Cost $130.61 Unrealized -2.5%

SPY SPDR S&P 500 ETF TR 0.1%

Value ($000) $845 Shares 1,239 Est. Cost $666.18 Unrealized —

BTI BRITISH AMERN TOB PLC 0.0%

Value ($000) $214 Shares 3,786 Est. Cost $53.08 Unrealized —

ADV ADVANTAGE SOLUTIONS INC 0.0%

Value ($000) $17 Shares 18,867 Est. Cost $3.27 Unrealized -64.6%

HLN HALEON PLC 0.0%

Value ($000) $102 Shares 10,097 Est. Cost $8.97 Unrealized —

PSX PHILLIPS 66 0.0%

Value ($000) $234 Shares 1,815 Est. Cost $126.39 Unrealized +6.0%

EBAY EBAY INC. 0.0%

Value ($000) $251 Shares 2,886 Est. Cost $87.96 Unrealized -1.8%

ICL ICL GROUP LTD 0.0%

Value ($000) $74 Shares 12,896 Est. Cost $6.42 Unrealized -9.9%

AON AON PLC 0.1%

Value ($000) $815 Shares 2,310 Est. Cost $361.49 Unrealized -3.4%

PM PHILIP MORRIS INTL INC 0.0%

Value ($000) $408 Shares 2,546 Est. Cost $165.18 Unrealized -7.0%

SPG SIMON PPTY GROUP INC NEW 0.0%

Value ($000) $208 Shares 1,123 Est. Cost $169.06 Unrealized +6.5%

RCKT ROCKET PHARMACEUTICALS INC 0.0%

Value ($000) $40 Shares 11,335 Est. Cost $22.07 Unrealized -84.5%

MCD MCDONALDS CORP 0.0%

Value ($000) $277 Shares 905 Est. Cost $301.40 Unrealized +1.2%

MUFG MITSUBISHI UFJ FINL GROUP IN 0.0%

Value ($000) $335 Shares 21,108 Est. Cost $15.94 Unrealized —

RDDT REDDIT INC 0.0%

Value ($000) $259 Shares 1,126 Est. Cost $159.13 Unrealized +32.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RBLX	ROBLOX CORP	113,547	$9,201	0.7%	$35.60	+198.2%	CL A	771049103
BAR	GRANITESHARES GOLD TR	181,946	$7,731	0.6%	$38.06	—	SHS BEN INT	38748G101
BRK/B	BERKSHIRE HATHAWAY INC DEL	4,624	$3,079	0.2%	$484.07	+2.8%	CL A	084670702
WVE	WAVE LIFE SCIENCES LTD	77,619	$1,320	0.1%	$5.34	+90.1%	SHS	Y95308105
XHLF	BONDBLOXX ETF TRUST	1,392,000	$69,948	5.3%	$50.35	—	BLOOMBERG SIX MN	09789C788
ETHW	BITWISE ETHEREUM ETF	22,197	$472	0.0%	$23.97	—	SHS	091955104
EWJ	ISHARES INC	118,984	$7,998	0.6%	$65.92	—	CORE MSCI EMKT	46434G822
UI	UBIQUITI INC	1,058	$585	0.0%	$499.23	+26.7%	COM	90353W103
IVVD	INVIVYD INC	79,869	$197	0.0%	$1.89	+10.0%	COM	00534A102
MS	MORGAN STANLEY	5,130	$911	0.1%	$146.45	+13.7%	COM NEW	617446448
HD	HOME DEPOT INC	1,287	$443	0.0%	$389.16	-6.3%	COM	437076102
AZN	ASTRAZENECA PLC	3,986	$366	0.0%	$76.72	—	SPONSORED ADR	046353108
CRM	SALESFORCE INC	2,117	$561	0.0%	$251.43	-1.3%	COM	79466L302
ASML	ASML HOLDING N V	478	$511	0.0%	$968.09	—	N Y REGISTRY SHS	N07059210
GILD	GILEAD SCIENCES INC	3,640	$447	0.0%	$112.28	+7.7%	COM	375558103
COST	COSTCO WHSL CORP NEW	653	$563	0.0%	$956.70	-5.3%	COM	22160K105
SMFG	SUMITOMO MITSUI FINL GROUP I	12,699	$245	0.0%	$16.74	—	SPONSORED ADR	86562M209
UNH	UNITEDHEALTH GROUP INC	1,879	$620	0.0%	$298.94	+12.8%	COM	91324P102
TM	TOYOTA MOTOR CORP	1,226	$262	0.0%	$191.09	—	ADS	892331307
DFAC	DIMENSIONAL ETF TRUST	26,550	$1,051	0.1%	$38.57	—	US CORE EQUITY 2	25434V708
NVS	NOVARTIS AG	2,618	$361	0.0%	$128.24	—	SPONSORED ADR	66987V109
NVO	NOVO-NORDISK A S	5,176	$263	0.0%	$55.49	—	ADR	670100205
ABT	ABBOTT LABS	2,320	$291	0.0%	$130.61	-2.5%	COM	002824100
SPY	SPDR S&P 500 ETF TR	1,239	$845	0.1%	$666.18	—	TR UNIT	78462F103
BTI	BRITISH AMERN TOB PLC	3,786	$214	0.0%	$53.08	—	SPONSORED ADR	110448107
ADV	ADVANTAGE SOLUTIONS INC	18,867	$17	0.0%	$3.27	-64.6%	COM CL A	00791N102
HLN	HALEON PLC	10,097	$102	0.0%	$8.97	—	SPON ADS	405552100
PSX	PHILLIPS 66	1,815	$234	0.0%	$126.39	+6.0%	COM	718546104
EBAY	EBAY INC.	2,886	$251	0.0%	$87.96	-1.8%	COM	278642103
ICL	ICL GROUP LTD	12,896	$74	0.0%	$6.42	-9.9%	SHS	M53213100
AON	AON PLC	2,310	$815	0.1%	$361.49	-3.4%	SHS CL A	G0403H108
PM	PHILIP MORRIS INTL INC	2,546	$408	0.0%	$165.18	-7.0%	COM	718172109
SPG	SIMON PPTY GROUP INC NEW	1,123	$208	0.0%	$169.06	+6.5%	COM	828806109
RCKT	ROCKET PHARMACEUTICALS INC	11,335	$40	0.0%	$22.07	-84.5%	COM	77313F106
MCD	MCDONALDS CORP	905	$277	0.0%	$301.40	+1.2%	COM	580135101
MUFG	MITSUBISHI UFJ FINL GROUP IN	21,108	$335	0.0%	$15.94	—	SPONSORED ADS	606822104
RDDT	REDDIT INC	1,126	$259	0.0%	$159.13	+32.2%	CL A	75734B100