13F

Position

Future Fund 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 −$147K$350.71$302.24

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20254.04K$1.42M0.4%
Q1 20263.03K$916.4K$302.24−$147K−$352.1K0.3%