Franchise GP Ltd Concentrated Active

CIK: 0002083646 · Show all filings

Period: Q4 2025

Filing Date: Jan 28, 2026

Total Value ($000): $88,761 (100.0% shares, 0.0% debt)

Holdings (24)

PDD PDD HOLDINGS INC 38.6%

Value ($000) $34,296 Shares 302,460 Est. Cost $113.39 Unrealized —

NVDA NVIDIA CORPORATION 26.6%

Value ($000) $23,568 Shares 126,370 Est. Cost $186.13 Unrealized 0.0%

TSM TAIWAN SEMICONDUCTOR MFG LTD 16.3%

Value ($000) $14,429 Shares 47,480 Est. Cost $303.89 Unrealized —

GOOG ALPHABET INC 6.1%

Value ($000) $5,441 Shares 17,339 Est. Cost $286.33 Unrealized 0.0%

META META PLATFORMS INC 4.6%

Value ($000) $4,040 Shares 6,120 Est. Cost $667.32 Unrealized 0.0%

HSDT SOLANA CO 3.2%

Value ($000) $2,881 Shares 226,100 Est. Cost $6.60 Unrealized 0.0%

YB YUANBAO INC 1.5%

Value ($000) $1,351 Shares 66,666 Est. Cost $20.26 Unrealized —

SE SEA LTD 0.6%

Value ($000) $544 Shares 4,266 Est. Cost $127.57 Unrealized —

PHM PULTE GROUP INC 0.3%

Value ($000) $230 Shares 1,960 Est. Cost $122.44 Unrealized 0.0%

COLD AMERICOLD REALTY TRUST INC 0.2%

Value ($000) $216 Shares 16,800 Est. Cost $12.86 Unrealized —

EQIX EQUINIX INC 0.2%

Value ($000) $205 Shares 267 Est. Cost $781.19 Unrealized 0.0%

HST HOST HOTELS & RESORTS INC 0.2%

Value ($000) $202 Shares 11,395 Est. Cost $16.93 Unrealized 0.0%

IBIT ISHARES BITCOIN TRUST ETF 0.2%

Value ($000) $199 Shares 3,993 Est. Cost $49.83 Unrealized —

DLR DIGITAL RLTY TR INC 0.2%

Value ($000) $196 Shares 1,268 Est. Cost $163.13 Unrealized 0.0%

ETHA ISHARES ETHEREUM TR 0.2%

Value ($000) $166 Shares 7,450 Est. Cost $22.33 Unrealized —

DHI D R HORTON INC 0.2%

Value ($000) $155 Shares 1,077 Est. Cost $152.01 Unrealized 0.0%

AHR AMERICAN HEALTHCARE REIT INC 0.1%

Value ($000) $121 Shares 2,575 Est. Cost $47.06 Unrealized —

BMNR BITMINE IMMERSION TECNOLOGIE 0.1%

Value ($000) $119 Shares 4,400 Est. Cost $40.53 Unrealized 0.0%

VTR VENTAS INC 0.1%

Value ($000) $85 Shares 1,100 Est. Cost $74.98 Unrealized 0.0%

WELL WELLTOWER INC 0.1%

Value ($000) $83 Shares 449 Est. Cost $186.47 Unrealized 0.0%

CRCL CIRCLE INTERNET GROUP INC 0.1%

Value ($000) $69 Shares 870 Est. Cost $103.35 Unrealized 0.0%

VICI VICI PPTYS INC 0.1%

Value ($000) $65 Shares 2,296 Est. Cost $29.30 Unrealized 0.0%

BEKE KE HLDGS INC 0.1%

Value ($000) $63 Shares 4,000 Est. Cost $15.76 Unrealized —

IRM IRON MTN INC DEL 0.0%

Value ($000) $38 Shares 455 Est. Cost $92.78 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PDD	PDD HOLDINGS INC	302,460	$34,296	38.6%	$113.39	—	SPONSORED ADS	722304102
NVDA	NVIDIA CORPORATION	126,370	$23,568	26.6%	$186.13	0.0%	COM	67066G104
TSM	TAIWAN SEMICONDUCTOR MFG LTD	47,480	$14,429	16.3%	$303.89	—	SPONSORED ADS	874039100
GOOG	ALPHABET INC	17,339	$5,441	6.1%	$286.33	0.0%	CAP STK CL C	02079K107
META	META PLATFORMS INC	6,120	$4,040	4.6%	$667.32	0.0%	CL A	30303M102
HSDT	SOLANA CO	226,100	$2,881	3.2%	$6.60	0.0%	COM CL A NEW	42328V876
YB	YUANBAO INC	66,666	$1,351	1.5%	$20.26	—	SPONSORED ADS	987910106
SE	SEA LTD	4,266	$544	0.6%	$127.57	—	SPONSORD ADS	81141R100
PHM	PULTE GROUP INC	1,960	$230	0.3%	$122.44	0.0%	COM	745867101
COLD	AMERICOLD REALTY TRUST INC	16,800	$216	0.2%	$12.86	—	COM	03064D108
EQIX	EQUINIX INC	267	$205	0.2%	$781.19	0.0%	COM	29444U700
HST	HOST HOTELS & RESORTS INC	11,395	$202	0.2%	$16.93	0.0%	COM	44107P104
IBIT	ISHARES BITCOIN TRUST ETF	3,993	$199	0.2%	$49.83	—	SHS BEN INT	46438F101
DLR	DIGITAL RLTY TR INC	1,268	$196	0.2%	$163.13	0.0%	COM	253868103
ETHA	ISHARES ETHEREUM TR	7,450	$166	0.2%	$22.33	—	SHS	46438R105
DHI	D R HORTON INC	1,077	$155	0.2%	$152.01	0.0%	COM	23331A109
AHR	AMERICAN HEALTHCARE REIT INC	2,575	$121	0.1%	$47.06	—	COM SHS	398182303
BMNR	BITMINE IMMERSION TECNOLOGIE	4,400	$119	0.1%	$40.53	0.0%	COM NEW	09175A206
VTR	VENTAS INC	1,100	$85	0.1%	$74.98	0.0%	COM	92276F100
WELL	WELLTOWER INC	449	$83	0.1%	$186.47	0.0%	COM	95040Q104
CRCL	CIRCLE INTERNET GROUP INC	870	$69	0.1%	$103.35	0.0%	COM CL A	172573107
VICI	VICI PPTYS INC	2,296	$65	0.1%	$29.30	0.0%	COM	925652109
BEKE	KE HLDGS INC	4,000	$63	0.1%	$15.76	—	SPONSORED ADS	482497104
IRM	IRON MTN INC DEL	455	$38	0.0%	$92.78	0.0%	COM	46284V101