13F

Position

EWA, LLC in Visa Inc.

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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 −$136.8K$350.70$302.25

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20252.82K$990K0.2%
Q1 20263.19K$965.1K$302.25−$136.8K$111.8K0.2%