13F

Position

Summa Corp. in Mastercard 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 −$122.9K$570.88$499.66

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20251.73K$984.8K0.4%
Q1 20261.73K$861.9K$499.66−$122.9K$00.4%