Investor: Henry Ellenbogen
Number of Assets: 40
Reporting Period: Q4 - 2025
Holdings at Report: $10,568,041,265
Return Since Report: -$906,922,741
Return Since Report: -8.58%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Acuity Inc. (AYI) | Equity | -40.21% | 815,322 | 2.78% | $360.04 | $280.15 | $293,548,533 | $228,412,458 | -$65,136,075 | -22.19% |
| Affirm Holdings Inc. (AFRM) | Equity | -41.28% | 3,681,173 | 2.59% | $74.43 | $45.93 | $273,989,706 | $169,076,276 | -$104,913,430 | -38.29% |
| Andersen Group INC | Equity | +100% | 1,670,485 | 0.41% | $25.93 | N/A | $43,315,676 | N/A | N/A | N/A |
| API Group Corp. (APG) | Equity | +0.80% | 15,017,378 | 5.44% | $38.26 | $40.54 | $574,564,882 | $608,804,504 | +$34,239,622 | +5.96% |
| Applovin Corp. (APP) | Equity | -13.01% | 163,405 | 1.04% | $673.82 | $398.48 | $110,105,557 | $65,113,624 | -$44,991,933 | -40.86% |
| Aurora Innovation Inc. (AUR) | Equity | -43.80% | 6,768,585 | 0.25% | $3.84 | $4.13 | $25,991,366 | $27,954,256 | +$1,962,890 | +7.55% |
| Bio-Techne Corp. (TECH) | Equity | +49.64% | 2,088,891 | 1.16% | $58.81 | $52.26 | $122,847,680 | $109,165,444 | -$13,682,236 | -11.14% |
| Booking Holdings Inc. (BKNG) | Equity | -66.97% | 18,274 | 0.93% | $5,355.33 | $4,202.83 | $97,863,300 | $76,802,515 | -$21,060,785 | -21.52% |
| Carvana Co. (CVNA) | Equity | +3.65% | 925,045 | 3.69% | $422.02 | $314.62 | $390,387,491 | $291,033,033 | -$99,354,458 | -25.45% |
| Cbiz Inc. (CBZ) | Equity | -58.42% | 1,631,969 | 0.78% | $50.45 | N/A | $82,332,836 | N/A | N/A | N/A |
| Clean Harbors Inc. (CLH) | Equity | +45.51% | 834,763 | 1.85% | $234.48 | N/A | $195,735,228 | N/A | N/A | N/A |
| Clear Secure Inc. (YOU) | Equity | -45.63% | 3,461,549 | 1.15% | $35.08 | $48.41 | $121,431,139 | $167,573,587 | +$46,142,448 | +38.00% |
| Colliers International Group Inc. (CIGI) | Equity | -8.90% | 3,369,760 | 4.69% | $147.01 | $106.94 | $495,388,418 | $360,345,286 | -$135,043,132 | -27.26% |
| Coupang Inc. (CPNG) | Equity | -1.53% | 24,452,985 | 5.46% | $23.59 | $18.89 | $576,845,916 | $461,794,622 | -$115,051,294 | -19.94% |
| The Descartes Systems Group Inc. (DSGX) | Equity | +100% | 1,710,202 | 1.42% | $87.66 | $94.98 | $149,916,307 | $162,434,986 | +$12,518,679 | +8.35% |
| Doordash Inc. (DASH) | Equity | +114.08% | 3,578,745 | 7.67% | $226.48 | $150.82 | $810,514,168 | $539,746,321 | -$270,767,847 | -33.41% |
| Duolingo Inc. (DUOL) | Equity | -86.38% | 119,181 | 0.20% | $175.50 | $98.63 | $20,916,266 | $11,754,226 | -$9,162,040 | -43.80% |
| Ferguson Enterprises Inc. (FERG) | Equity | +43.38% | 1,561,342 | 3.29% | $222.63 | $234.10 | $347,601,569 | $365,502,355 | +$17,900,786 | +5.15% |
| Figma INC | Equity | -67.83% | 1,727,263 | 0.61% | $37.37 | N/A | $64,547,818 | N/A | N/A | N/A |
| Firstservice Corp. (FSV) | Equity | -80.30% | 436,598 | 0.64% | $155.53 | $138.94 | $67,904,087 | $60,660,926 | -$7,243,161 | -10.67% |
| Goosehead Insurance Inc. (GSHD) | Equity | +1.35% | 1,562,969 | 1.09% | $73.65 | $42.56 | $115,112,667 | $66,519,961 | -$48,592,706 | -42.21% |
| Ishares Russell 2000 ETF (IWM) | Equity | +100% | 96,776 | 0.23% | $246.16 | $248.10 | $23,822,380 | $24,010,126 | +$187,746 | +0.79% |
| Medline INC | Equity | +100% | 6,900,000 | 2.74% | $42.00 | N/A | $289,800,000 | N/A | N/A | N/A |
| Mercadolibre Inc. (MELI) | Equity | +75.52% | 307,932 | 5.87% | $2,014.26 | $1,729.02 | $620,255,110 | $532,420,587 | -$87,834,523 | -14.16% |
| Option Care Health Inc. (OPCH) | Equity | +20.98% | 8,991,254 | 2.71% | $31.86 | $26.95 | $286,461,352 | $242,314,295 | -$44,147,057 | -15.41% |
| Privia Health Group Inc. (PRVA) | Equity | +3.39% | 12,087,843 | 2.71% | $23.71 | $25.32 | $286,602,758 | $306,064,185 | +$19,461,427 | +6.79% |
| Qnity Electronics inc | Equity | +100% | 2,800,861 | 2.16% | $81.65 | N/A | $228,690,301 | N/A | N/A | N/A |
| Rbc Bearings Inc. (RBC) | Equity | -6.99% | 2,344,911 | 9.95% | $448.43 | $543.57 | $1,051,528,440 | $1,274,623,272 | +$223,094,832 | +21.22% |
| Roblox Corp. (RBLX) | Equity | -67.06% | 1,162,730 | 0.89% | $81.03 | $56.70 | $94,216,012 | $65,926,791 | -$28,289,221 | -30.03% |
| Rocket Companies Inc. (RKT) | Equity | +58.95% | 17,470,197 | 3.20% | $19.36 | $14.24 | $338,223,014 | $248,775,605 | -$89,447,409 | -26.45% |
| Shift4 Payments Inc. (FOUR) | Equity | +17.43% | 6,606,969 | 3.94% | $62.97 | $43.75 | $416,040,838 | $289,054,894 | -$126,985,944 | -30.52% |
| Shopify Inc. (SHOP) | Equity | -55.03% | 2,043,219 | 3.11% | $160.97 | $119.03 | $328,896,962 | $243,194,141 | -$85,702,821 | -26.06% |
| Sportradar Group AG (SRAD) | Equity | +100% | 5,956,331 | 1.34% | $23.77 | $16.74 | $141,581,988 | $99,708,981 | -$41,873,007 | -29.58% |
| Toast Inc. (TOST) | Equity | -63.86% | 2,299,023 | 0.77% | $35.51 | $26.60 | $81,638,307 | $61,142,517 | -$20,495,790 | -25.11% |
| Twilio Inc. (TWLO) | Equity | +100% | 962,089 | 1.29% | $142.24 | $125.76 | $136,847,539 | $120,992,313 | -$15,855,226 | -11.59% |
| Ul Solutions Inc. (ULS) | Equity | +100% | 2,563,523 | 1.91% | $78.86 | $85.73 | $202,159,424 | $219,770,827 | +$17,611,403 | +8.71% |
| Veeva Systems Inc. (VEEV) | Equity | -24.38% | 951,896 | 2.01% | $223.23 | $175.17 | $212,491,744 | $166,743,622 | -$45,748,122 | -21.53% |
| Vse Corp. (VSEC) | Equity | +1.64% | 879,228 | 1.44% | $172.77 | $184.40 | $151,904,222 | $162,129,643 | +$10,225,421 | +6.73% |
| Warby Parker Inc. (WRBY) | Equity | -16.48% | 7,310,605 | 1.51% | $21.79 | $21.17 | $159,298,083 | $154,765,508 | -$4,532,575 | -2.85% |
| XPO Inc. (XPO) | Equity | -8.82% | 3,949,100 | 5.08% | $135.91 | $195.58 | $536,722,181 | $772,364,978 | +$235,642,797 | +43.90% |