13F

Position

Fidelity in Veradermics, 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 $107.2M$63.15$122.94

QuarterSharesValueImplied pxEst. markFlowWeight
Q1 20261.79M$113.2M0.0%
Q2 20263.2M$394M$122.94$107.2M$173.6M0.0%