13F

Position

Bedminster, LLC in Microsoft Corp

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Estimated mark uses implied 13F prices (value ÷ shares). Adds are treated as happening at this quarter’s mark; cuts at last quarter’s. Share jumps can be splits, not buys. This is not realized P&L.

Latest estimated mark −$332.7K$483.70$370.16

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20252.98K$1.44M1.3%
Q1 20262.93K$1.08M$370.16−$332.7K−$23.7K1.0%