Investor: Marc Stad
Number of Assets: 27
Reporting Period: Q4 - 2025
Holdings at Report: $4,585,865,307
Return Since Report: -$709,667,634
Return Since Report: -15.48%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Block Inc. (XYZ) | Equity | -23.99% | 4,978,155 | 7.07% | $65.09 | $60.46 | $324,028,109 | $300,979,251 | -$23,048,858 | -7.11% |
| Carvana Co. (CVNA) | Equity | +44.27% | 979,460 | 9.01% | $422.02 | $314.62 | $413,351,709 | $308,152,808 | -$105,198,901 | -25.45% |
| Ccc Intelligent Solutions Holdings Inc. (CCCS) | Equity | 0% | 9,196,301 | 1.59% | $7.95 | $5.97 | $73,110,593 | $54,901,917 | -$18,208,676 | -24.91% |
| Chime Financial Inc. (CHYM) | Equity | 0% | 8,548,884 | 4.69% | $25.17 | $18.73 | $215,175,410 | $160,120,597 | -$55,054,813 | -25.59% |
| Comstock Resources Inc. (CRK) | Equity | +100% | 4,298,202 | 2.17% | $23.18 | N/A | $99,632,322 | N/A | N/A | N/A |
| Coupang Inc. (CPNG) | Equity | +47.12% | 21,576,556 | 11.10% | $23.59 | $18.89 | $508,990,956 | $407,473,260 | -$101,517,696 | -19.94% |
| Datadog Inc. (DDOG) | Equity | 0% | 271,800 | 0.81% | $135.99 | $118.05 | $36,962,082 | $32,085,990 | -$4,876,092 | -13.19% |
| Dayforce Inc. (DAY) | Equity | 0% | 4,749,842 | 7.16% | $69.16 | $69.86 | $328,499,073 | $331,823,962 | +$3,324,889 | +1.01% |
| Duolingo Inc. (DUOL) | Equity | -26.63% | 1,159,887 | 4.44% | $175.50 | $98.63 | $203,560,169 | $114,393,855 | -$89,166,314 | -43.80% |
| Expand Energy Corp. (EXE) | Equity | +100% | 1,319,618 | 3.18% | $110.36 | $109.78 | $145,633,042 | $144,867,664 | -$765,378 | -0.53% |
| Figma INC | Equity | 0% | 431,165 | 0.35% | $37.37 | N/A | $16,112,636 | N/A | N/A | N/A |
| Gemini Space STA INC | Equity | -50.00% | 810,000 | 0.18% | $9.92 | N/A | $8,035,200 | N/A | N/A | N/A |
| Global-E Online Ltd. (GLBE) | Equity | -4.39% | 11,365,028 | 9.74% | $39.31 | $30.79 | $446,759,251 | $349,929,212 | -$96,830,039 | -21.67% |
| Jamf Holding Corp. (JAMF) | Equity | 0% | 4,328,286 | 1.23% | $13.01 | $13.05 | $56,311,001 | $56,484,132 | +$173,131 | +0.31% |
| Klarna Group PLC | Equity | 0% | 8,283,616 | 5.22% | $28.91 | N/A | $239,479,339 | N/A | N/A | N/A |
| Medline INC | Equity | +100% | 525,000 | 0.48% | $42.00 | N/A | $22,050,000 | N/A | N/A | N/A |
| Mercadolibre Inc. (MELI) | Equity | +54.96% | 160,193 | 7.04% | $2,014.26 | $1,729.02 | $322,670,352 | $276,976,901 | -$45,693,451 | -14.16% |
| Navan INC | Equity | +100% | 2,095,507 | 0.78% | $17.08 | N/A | $35,791,260 | N/A | N/A | N/A |
| Nu Holdings Ltd. (NU) | Equity | 0% | 4,954,299 | 1.81% | $16.74 | $14.39 | $82,934,965 | $71,292,363 | -$11,642,602 | -14.04% |
| Nvidia Corp. (NVDA) | Equity | +27.43% | 2,648,387 | 10.77% | $186.50 | $174.21 | $493,924,176 | $461,375,499 | -$32,548,677 | -6.59% |
| Oscar Health Inc. (OSCR) | Equity | -51.16% | 657,435 | 0.21% | $14.37 | $11.49 | $9,447,341 | $7,550,641 | -$1,896,700 | -20.08% |
| PDD Holdings Inc. (PDD) | Equity | 0% | 1,835,428 | 4.54% | $113.39 | $102.18 | $208,119,181 | $187,544,033 | -$20,575,148 | -9.89% |
| Root Inc. (ROOT) | Equity | 0% | 154,320 | 0.24% | $72.23 | $44.17 | $11,146,534 | $6,816,314 | -$4,330,220 | -38.85% |
| Sailpoint Inc. (SAIL) | Equity | 0% | 8,000,000 | 3.53% | $20.23 | $13.24 | $161,840,000 | $105,920,000 | -$55,920,000 | -34.55% |
| Servicetitan Inc. (TTAN) | Equity | 0% | 1,000,885 | 2.32% | $106.50 | $63.46 | $106,594,253 | $63,516,162 | -$43,078,091 | -40.41% |
| Wealthfront corp | Equity | +100% | 654,338 | 0.19% | $13.59 | N/A | $8,892,453 | N/A | N/A | N/A |
| Zoominfo Technologies Inc. (ZI) | Equity | 0% | 670,000 | 0.15% | $10.17 | $5.97 | $6,813,900 | $3,999,900 | -$2,814,000 | -41.30% |