13F

Position

TrinityBridge Ltd in Arcutis Biotherapeutics, 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 −$104$0.03 → $0.02

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 202519K$552———0.0%
Q1 202619K$448$0.02−$104−$00.0%