13F

Position

Ethic Inc. in Sea Ltd

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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 −$144.5K$127.57$82.81

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20253.23K$411.9K0.0%
Q1 20264.1K$339.9K$82.81−$144.5K$72.5K0.0%