13F

Position

Headlands Technologies 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 −$4.97M$483.62$370.17

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 202543.8K$21.2M1.8%
Q1 202670.9K$26.2M$370.17−$4.97M$10M3.0%