{ "reviewed": "2026-10-08", "funds": [ { "id": "innovation-access", "name": "Innovation Access Fund", "ticker": "IAF", "region": "US", "kind": "Tender-offer fund", "access": "Subscription / eligible investors", "date": "2026-06-30", "basis": "Net assets", "openai": { "name": "OpenAI", "weight": null, "value": null, "label": "Not reported" }, "anthropic": { "name": "Anthropic", "weight": 33.08, "value": 68188509, "label": "33.08%" }, "holdings": [ { "name": "Anthropic", "weight": 33.08, "value": 68188509, "label": "33.08%" }, { "name": "Other preferred shares", "weight": 2.55, "value": 5260578, "label": "2.55%" }, { "name": "Public common stocks", "weight": 25.12, "value": 51768901, "label": "25.12%" }, { "name": "US Treasury bill", "weight": 87.03, "value": 179387320, "label": "87.03%" }, { "name": "Money-market fund", "weight": 0.01, "value": 15820, "label": "0.01%" }, { "name": "Other liabilities less other assets", "weight": -47.79, "value": -98507939, "label": "-47.79%" } ], "sources": [ "iaf" ], "method": "($28,411,486 + $39,777,023) ÷ $206,113,189 × 100 = 33.0830%. Both Anthropic positions are restricted private securities.", "caveats": [ "Gross securities exceed NAV: liabilities offset the asset total. This is not an unlevered 100% portfolio pie.", "Illiquid private valuations and restricted redemptions can affect access to capital.", "OpenAI weight is not established by the reviewed schedule." ], "status": "qualified", "evidence": "Calculated · filing", "coverage": "Complete asset-class reconciliation; Anthropic broken out", "holdingsDate": "2026-06-30", "holdingsBasis": "Net assets", "structure": "Private shares", "nav": 206113189, "reviewed": "2026-10-08", "qualifies": true, "thresholdCompanies": [ "anthropic" ], "summary": "Meets the 5% screen at the cited valuation date.", "logo": "/assets/logos/alkeon.png", "logoBrand": "Alkeon Capital (parent of adviser SilverBay)", "logoSource": "https://www.alkeoncapital.com/", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "manager mark" }, { "id": "ark-private-innovation", "name": "ARK Private Innovation ELTIF", "ticker": "ELTIF", "region": "Europe", "kind": "ELTIF", "access": "Subscription / eligible jurisdictions", "date": "2026-09-30", "basis": "Portfolio assets incl. cash", "openai": { "name": "OpenAI", "weight": 29.71, "value": null, "label": "29.71%" }, "anthropic": { "name": "Anthropic", "weight": null, "value": null, "label": "Not reported" }, "holdings": [ { "name": "OpenAI", "weight": 29.71, "value": null, "label": "29.71%" }, { "name": "Replit", "weight": 14.42, "value": null, "label": "14.42%" }, { "name": "SpaceX", "weight": 9.22, "value": null, "label": "9.22%" }, { "name": "Boom Supersonic", "weight": 5.95, "value": null, "label": "5.95%" }, { "name": "Ayar Labs", "weight": 5.01, "value": null, "label": "5.01%" }, { "name": "Tenstorrent", "weight": 4.06, "value": null, "label": "4.06%" }, { "name": "Databricks", "weight": 3.7, "value": null, "label": "3.70%" }, { "name": "Shield AI", "weight": 3.05, "value": null, "label": "3.05%" }, { "name": "Cosm", "weight": 2.86, "value": null, "label": "2.86%" }, { "name": "Lila Sciences", "weight": 2.43, "value": null, "label": "2.43%" }, { "name": "Lucra Sports", "weight": 2.41, "value": null, "label": "2.41%" }, { "name": "Wonder", "weight": 2.22, "value": null, "label": "2.22%" }, { "name": "Cash", "weight": 2.22, "value": null, "label": "2.22%" }, { "name": "Wayve Technologies", "weight": 2.16, "value": null, "label": "2.16%" }, { "name": "K2 Space", "weight": 1.78, "value": null, "label": "1.78%" }, { "name": "Blockdaemon", "weight": 1.44, "value": null, "label": "1.44%" }, { "name": "Hammerspace", "weight": 1.44, "value": null, "label": "1.44%" }, { "name": "Impulse Labs", "weight": 1.37, "value": null, "label": "1.37%" }, { "name": "Portal Space Systems", "weight": 1.36, "value": null, "label": "1.36%" }, { "name": "Precision Neuroscience", "weight": 0.86, "value": null, "label": "0.86%" }, { "name": "Warhound", "weight": 0.86, "value": null, "label": "0.86%" }, { "name": "Kalshi", "weight": 0.86, "value": null, "label": "0.86%" }, { "name": "Crusoe", "weight": 0.69, "value": null, "label": "0.69%" } ], "sources": [ "eltif" ], "method": "Use the issuer’s complete portfolio weights, including cash. This is a separate portfolio from the US ARK Venture Fund.", "caveats": [ "Quarterly withdrawal capacity is limited; availability and charges vary by share class and country.", "Anthropic is absent from the disclosed list; no inferred exposure is added." ], "status": "qualified", "evidence": "Issuer disclosure", "coverage": "Complete issuer allocation table", "holdingsDate": "2026-09-30", "holdingsBasis": "Portfolio assets incl. cash", "structure": "Primarily direct private shares", "reviewed": "2026-10-08", "qualifies": true, "thresholdCompanies": [ "openai" ], "summary": "Meets the 5% screen at the cited valuation date.", "logo": "/assets/icons/ark.png", "logoBrand": "ARK Invest", "logoSource": "https://helpcenter.ark-funds.com/", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "official compact brand icon" }, { "id": "fundrise-innovation", "name": "Fundrise Innovation Fund", "ticker": "VCX", "region": "US", "kind": "Listed closed-end fund", "access": "Exchange / brokerage", "date": "2026-06-30", "basis": "Net assets", "openai": { "name": "OpenAI", "weight": null, "value": null, "label": "10–20%", "lower": 10 }, "anthropic": { "name": "Anthropic", "weight": null, "value": null, "label": ">20%", "lower": 20 }, "holdings": [ { "name": "Anthropic", "weight": null, "value": null, "label": ">20%" }, { "name": "OpenAI", "weight": null, "value": null, "label": "10–20%" }, { "name": "Databricks", "weight": null, "value": null, "label": "10–20%" }, { "name": "Ramp", "weight": null, "value": null, "label": "2–5%" }, { "name": "SpaceX", "weight": null, "value": null, "label": "2–5%" }, { "name": "Anduril", "weight": null, "value": null, "label": "2–5%" }, { "name": "Flock Group", "weight": null, "value": null, "label": "2–5%" }, { "name": "Fluidstack", "weight": null, "value": null, "label": "2–5%" }, { "name": "Epic Games", "weight": null, "value": null, "label": "2–5%" }, { "name": "Fivetran", "weight": null, "value": null, "label": "1–2%" }, { "name": "Prometheus", "weight": null, "value": null, "label": "1–2%" }, { "name": "Vanta", "weight": null, "value": null, "label": "1–2%" }, { "name": "Figure AI", "weight": null, "value": null, "label": "1–2%" }, { "name": "Loyal Animal Health", "weight": null, "value": null, "label": "1–2%" }, { "name": "Canva", "weight": null, "value": null, "label": "1–2%" } ], "sources": [ "vcx" ], "method": "Use the supplemental economic-issuer table in the June filing. Both disclosed bands independently clear 5%. No midpoint or implied exact percentage is calculated.", "caveats": [ "Co-investment vehicles create indirect exposure; legal entity names may differ from portfolio company names.", "The issuer table omits cash, debt and some equity positions. It is not a 100% allocation.", "A listed fund’s trading price may differ materially from NAV." ], "status": "qualified", "evidence": "Filing · ranges", "coverage": "All issuer-level ranges disclosed in the supplemental table", "holdingsDate": "2026-06-30", "holdingsBasis": "Net assets", "structure": "Shares via investment vehicles", "reviewed": "2026-10-08", "qualifies": true, "thresholdCompanies": [ "openai", "anthropic" ], "summary": "Meets the 5% screen at the cited valuation date.", "logo": "/assets/logos/fundrise.png", "logoBrand": "Fundrise", "logoSource": "https://fundrise.com/press", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "manager mark" }, { "id": "neostellar-capital", "name": "Neostellar Capital", "ticker": "NSLR", "region": "US", "kind": "Listed BDC", "access": "Exchange / brokerage", "date": "2026-06-30", "basis": "Net assets", "openai": { "name": "OpenAI", "weight": 16.66, "value": 59300000, "label": "16.66%" }, "anthropic": { "name": "Anthropic", "weight": null, "value": null, "label": "Not reported" }, "holdings": [ { "name": "Whoop", "weight": 42.37, "value": 150800000.0, "label": "42.37%" }, { "name": "OpenAI via ARK Type One", "weight": 16.66, "value": 59300000.0, "label": "16.66%" }, { "name": "VAST Data via IH10", "weight": 9.55, "value": 34000000, "label": "9.55%" }, { "name": "TensorWave via Magnetar", "weight": 5.68, "value": 20200000.0, "label": "5.68%" }, { "name": "Blink Health", "weight": 4.8, "value": 17100000.0, "label": "4.80%" } ], "sources": [ "nslr", "nslr10q" ], "method": "Rounded $59.3m OpenAI vehicle fair value ÷ rounded $355.9m NAV × 100 ≈ 16.66%. The issuer’s 14.6% figure instead uses total investment portfolio fair value.", "caveats": [ "Formerly SuRo Capital / SSSS; now NSLR.", "Vehicle-level fees, company-level debt and concentration affect returns.", "The Class A vehicle is solely invested in OpenAI; do not count it again as a separate NSLR position." ], "status": "qualified", "evidence": "Calculated · rounded inputs", "coverage": "Top five; weights recalculated on NAV", "holdingsDate": "2026-06-30", "holdingsBasis": "Net assets", "structure": "OpenAI via ARK Type One vehicle", "nav": 355900000, "reviewed": "2026-10-08", "qualifies": true, "thresholdCompanies": [ "openai" ], "summary": "Meets the 5% screen at the cited valuation date.", "logo": "/assets/logos/neostellar.svg", "logoBrand": "Neostellar", "logoSource": "https://neostellar.vc/", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "fund mark" }, { "id": "coatue-innovative-strategies", "name": "Coatue Innovative Strategies Fund", "ticker": "CTEK", "region": "US", "kind": "Tender-offer fund", "access": "Subscription / eligible investors", "date": "2026-08-31", "basis": "Net assets", "openai": { "name": "OpenAI", "weight": 5.66, "value": null, "label": "5.66%" }, "anthropic": { "name": "Anthropic", "weight": 14.38, "value": null, "label": "14.38%" }, "holdings": [ { "name": "Anthropic", "weight": 14.38, "value": null, "label": "14.38%" }, { "name": "Revolut", "weight": 6.38, "value": null, "label": "6.38%" }, { "name": "OpenAI", "weight": 5.66, "value": null, "label": "5.66%" }, { "name": "Kalshi", "weight": 5.2, "value": null, "label": "5.20%" }, { "name": "Amazon", "weight": 4.99, "value": null, "label": "4.99%" }, { "name": "Blue Origin", "weight": 4.83, "value": null, "label": "4.83%" }, { "name": "Stripe", "weight": 4.25, "value": null, "label": "4.25%" }, { "name": "Alphabet", "weight": 3.91, "value": null, "label": "3.91%" }, { "name": "Databricks", "weight": 3.78, "value": null, "label": "3.78%" }, { "name": "Taiwan Semiconductor", "weight": 3.32, "value": null, "label": "3.32%" } ], "sources": [ "ctek" ], "method": "Copy the issuer’s %NAV column. Both target companies are classified as Private Equity.", "caveats": [ "Top ten positions only.", "Shares are not exchange-listed; repurchases are discretionary and may be limited.", "Share-class charges and eligibility require checking the current prospectus." ], "status": "qualified", "evidence": "Issuer disclosure", "coverage": "Top ten positions", "holdingsDate": "2026-08-31", "holdingsBasis": "Net assets", "structure": "Private shares", "reviewed": "2026-10-08", "qualifies": true, "thresholdCompanies": [ "openai", "anthropic" ], "summary": "Meets the 5% screen at the cited valuation date.", "logo": "/assets/icons/coatue.jpg", "logoBrand": "Coatue", "logoSource": "https://www.coatue.com/ctek", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "official compact brand icon" }, { "id": "destiny-tech100", "name": "Destiny Tech100", "ticker": "DXYZ", "region": "US", "kind": "Listed closed-end fund", "access": "Exchange / brokerage", "date": "2026-06-30", "basis": "Portfolio incl. cash", "openai": { "name": "OpenAI", "weight": 2.6, "value": null, "label": "2.60%" }, "anthropic": { "name": "Anthropic", "weight": 14.4, "value": null, "label": "14.40%" }, "holdings": [ { "name": "Anthropic", "weight": 14.4, "value": null, "label": "14.40%" }, { "name": "SpaceX", "weight": 10.6, "value": null, "label": "10.60%" }, { "name": "OpenAI", "weight": 2.6, "value": null, "label": "2.60%" }, { "name": "OpenEvidence", "weight": 2.1, "value": null, "label": "2.10%" }, { "name": "Shield AI", "weight": 1.8, "value": null, "label": "1.80%" }, { "name": "Databricks", "weight": 1.2, "value": null, "label": "1.20%" }, { "name": "Revolut", "weight": 1, "value": null, "label": "1.00%" }, { "name": "CHAOS Industries", "weight": 1, "value": null, "label": "1.00%" }, { "name": "Hermeus", "weight": 0.9, "value": null, "label": "0.90%" }, { "name": "Beast Industries", "weight": 0.9, "value": null, "label": "0.90%" }, { "name": "Mercury", "weight": 0.9, "value": null, "label": "0.90%" }, { "name": "Tenstorrent", "weight": 0.8, "value": null, "label": "0.80%" }, { "name": "General Intuition", "weight": 0.7, "value": null, "label": "0.70%" }, { "name": "Skild.ai", "weight": 0.7, "value": null, "label": "0.70%" }, { "name": "Astranis", "weight": 0.5, "value": null, "label": "0.50%" }, { "name": "Monzo", "weight": 0.4, "value": null, "label": "0.40%" }, { "name": "Vast Space", "weight": 0.3, "value": null, "label": "0.30%" }, { "name": "Redwood Materials", "weight": 0.3, "value": null, "label": "0.30%" }, { "name": "Kraken", "weight": 0.3, "value": null, "label": "0.30%" }, { "name": "Axiom Space", "weight": 0.2, "value": null, "label": "0.20%" }, { "name": "Stripe", "weight": 0.2, "value": null, "label": "0.20%" }, { "name": "Supabase", "weight": 0.2, "value": null, "label": "0.20%" }, { "name": "Vercel", "weight": 0.2, "value": null, "label": "0.20%" }, { "name": "Alpaca", "weight": 0.1, "value": null, "label": "0.10%" }, { "name": "ClassDojo", "weight": 0.1, "value": null, "label": "0.10%" }, { "name": "Boom Supersonic", "weight": 0.1, "value": null, "label": "0.10%" }, { "name": "AtoB", "weight": 0.1, "value": null, "label": "0.10%" }, { "name": "Chime", "weight": 0.1, "value": null, "label": "0.10%" }, { "name": "Superhuman", "weight": 0, "value": null, "label": "0.00%" }, { "name": "Discord", "weight": 0, "value": null, "label": "0.00%" }, { "name": "Klarna", "weight": 0, "value": null, "label": "0.00%" }, { "name": "Jeeves", "weight": 0, "value": null, "label": "0.00%" }, { "name": "Public", "weight": 0, "value": null, "label": "0.00%" }, { "name": "Automation Anywhere", "weight": 0, "value": null, "label": "0.00%" }, { "name": "Plaid", "weight": 0, "value": null, "label": "0.00%" }, { "name": "Impossible Foods", "weight": 0, "value": null, "label": "0.00%" }, { "name": "Flexport", "weight": 0, "value": null, "label": "0.00%" }, { "name": "Brex", "weight": 0, "value": null, "label": "0.00%" }, { "name": "Bolt Financial", "weight": 0, "value": null, "label": "0.00%" }, { "name": "Cash & equivalents", "weight": 57.3, "value": null, "label": "57.30%" } ], "sources": [ "dxyz" ], "method": "Use the issuer’s fund-level economic exposure table, which includes 57.3% cash and equivalents. Do not use percentages of deployed capital.", "caveats": [ "Both AI positions use special-purpose vehicles.", "Subsequent investments and capital issuance can materially change these June weights; no current allocation is inferred.", "Entries rounded to 0.0% need not be zero-valued holdings. Listed share price is not NAV." ], "status": "qualified", "evidence": "Issuer disclosure", "coverage": "Complete rounded issuer table, including cash and zero-rounded entries", "holdingsDate": "2026-06-30", "holdingsBasis": "Portfolio incl. cash", "structure": "Private shares via SPVs", "reviewed": "2026-10-08", "qualifies": true, "thresholdCompanies": [ "anthropic" ], "summary": "Meets the 5% screen at the cited valuation date.", "logo": "/assets/logos/destiny.svg", "logoBrand": "Destiny", "logoSource": "https://destiny.xyz/tech100", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "fund mark" }, { "id": "robinhood-ventures", "name": "Robinhood Ventures Fund I", "ticker": "RVI", "region": "US", "kind": "Listed closed-end fund", "access": "Exchange / brokerage", "date": "2026-06-30", "basis": "Net assets", "openai": { "name": "OpenAI", "weight": 11, "value": 74998784, "label": "11.00%" }, "anthropic": { "name": "Anthropic", "weight": null, "value": null, "label": "Not reported" }, "holdings": [ { "name": "Databricks", "weight": 12.71, "value": 86626528, "label": "12.71%" }, { "name": "OpenAI", "weight": 11.0, "value": 74998784, "label": "11.00%" }, { "name": "Mercor", "weight": 7.84, "value": 53448150, "label": "7.84%" }, { "name": "Revolut", "weight": 7.31, "value": 49816304, "label": "7.31%" }, { "name": "Ramp", "weight": 4.89, "value": 33333240, "label": "4.89%" }, { "name": "Airwallex", "weight": 4.71, "value": 32077467, "label": "4.71%" }, { "name": "Stripe", "weight": 4.33, "value": 29537046, "label": "4.33%" }, { "name": "Boom Technology", "weight": 3.95, "value": 26962628, "label": "3.95%" }, { "name": "Canva", "weight": 3.67, "value": 24999928, "label": "3.67%" }, { "name": "Oura", "weight": 3.64, "value": 24813322, "label": "3.64%" }, { "name": "ElevenLabs", "weight": 2.93, "value": 20000872, "label": "2.93%" }, { "name": "SpaceX", "weight": 1.25, "value": 8543000, "label": "1.25%" }, { "name": "Government money-market fund", "weight": 32.28, "value": 220087936, "label": "32.28%" }, { "name": "Liabilities less other assets", "weight": -0.51, "value": -3476315, "label": "-0.51%" } ], "sources": [ "rvi" ], "method": "$74,998,784 OpenAI Class A common stock ÷ $681,768,890 net assets × 100 = 11.0006%. Multiple share classes of Databricks and Ramp are aggregated.", "caveats": [ "Anthropic does not appear in the reviewed investment schedule.", "Private positions use Level 3 fair value estimates.", "Cash allocation dilutes exposure; fund price may trade above or below NAV." ], "status": "qualified", "evidence": "Calculated · filing", "coverage": "Complete issuer-aggregated schedule with net liabilities", "holdingsDate": "2026-06-30", "holdingsBasis": "Net assets", "structure": "Direct OpenAI Class A common shares", "nav": 681768890, "reviewed": "2026-10-08", "qualifies": true, "thresholdCompanies": [ "openai" ], "summary": "Meets the 5% screen at the cited valuation date.", "logo": "/assets/logos/robinhood.png", "logoBrand": "Robinhood", "logoSource": "https://robinhood.com/us/en/about/", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "manager mark" }, { "id": "baillie-gifford-us-growth", "name": "Baillie Gifford US Growth Trust", "ticker": "USA.L", "region": "UK", "kind": "Investment trust", "access": "Exchange / brokerage", "date": "2026-09-22", "basis": "Total assets", "openai": { "name": "OpenAI", "weight": null, "value": null, "label": "Not reported" }, "anthropic": { "name": "Anthropic", "weight": 9, "value": null, "label": "9.00%" }, "holdings": [ { "name": "SpaceX", "weight": 13.6, "value": null, "label": "13.60%" }, { "name": "Stripe", "weight": 7.6, "value": null, "label": "7.60%" }, { "name": "NVIDIA", "weight": 7, "value": null, "label": "7.00%" }, { "name": "Anthropic", "weight": 6.6, "value": null, "label": "6.60%" }, { "name": "Amazon", "weight": 4.8, "value": null, "label": "4.80%" }, { "name": "Databricks", "weight": 3.4, "value": null, "label": "3.40%" }, { "name": "Cloudflare", "weight": 2.8, "value": null, "label": "2.80%" }, { "name": "DoorDash", "weight": 2.8, "value": null, "label": "2.80%" }, { "name": "Meta", "weight": 2.3, "value": null, "label": "2.30%" }, { "name": "Shopify", "weight": 2.2, "value": null, "label": "2.20%" } ], "sources": [ "usa-rns", "usa" ], "method": "The 23 September issuer announcement states Anthropic was 9.0% of total assets at the close on 22 September. Portfolio table below retains its own earlier date.", "caveats": [ "The July top-ten table is not restated using the September Anthropic mark.", "OpenAI is not in that top-ten table; a current percentage is not established.", "Listed trust prices may differ from NAV." ], "status": "qualified", "evidence": "Issuer regulatory notice", "coverage": "Earlier top ten; latest Anthropic weight shown separately", "holdingsDate": "2026-07-31", "holdingsBasis": "Total assets", "structure": "Private shares", "reviewed": "2026-10-08", "qualifies": true, "thresholdCompanies": [ "anthropic" ], "summary": "Meets the 5% screen at the cited valuation date.", "logo": "/assets/icons/baillie.ico", "logoBrand": "Baillie Gifford", "logoSource": "https://www.bailliegifford.com/", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "official compact brand icon" }, { "id": "schiehallion", "name": "The Schiehallion Fund", "ticker": "MNTN.L", "region": "UK", "kind": "Investment trust", "access": "Exchange / brokerage", "date": "2026-09-22", "basis": "Total assets", "openai": { "name": "OpenAI", "weight": null, "value": null, "label": "Not reported" }, "anthropic": { "name": "Anthropic", "weight": 8.6, "value": null, "label": "8.60%" }, "holdings": [ { "name": "Bending Spoons", "weight": 18.7, "value": null, "label": "18.70%" }, { "name": "SpaceX", "weight": 8.9, "value": null, "label": "8.90%" }, { "name": "Tekever", "weight": 7.5, "value": null, "label": "7.50%" }, { "name": "ByteDance", "weight": 6.8, "value": null, "label": "6.80%" }, { "name": "Anthropic", "weight": 6.1, "value": null, "label": "6.10%" }, { "name": "Databricks", "weight": 4.2, "value": null, "label": "4.20%" }, { "name": "Stripe", "weight": 3, "value": null, "label": "3.00%" }, { "name": "Wayve", "weight": 2.9, "value": null, "label": "2.90%" }, { "name": "Affirm", "weight": 2.4, "value": null, "label": "2.40%" }, { "name": "Mottu", "weight": 2.3, "value": null, "label": "2.30%" } ], "sources": [ "mntn-rns", "mntn" ], "method": "Use the issuer’s 22 September Anthropic valuation update. Other holdings retain the August portfolio date.", "caveats": [ "August and September values must not be combined into a synthetic full portfolio.", "Full holdings are published with a delay.", "Broker eligibility and market liquidity vary." ], "status": "qualified", "evidence": "Issuer regulatory notice", "coverage": "Earlier top ten; latest Anthropic weight shown separately", "holdingsDate": "2026-08-31", "holdingsBasis": "Total assets", "structure": "Private shares", "reviewed": "2026-10-08", "qualifies": true, "thresholdCompanies": [ "anthropic" ], "summary": "Meets the 5% screen at the cited valuation date.", "logo": "/assets/icons/baillie.ico", "logoBrand": "Baillie Gifford", "logoSource": "https://www.bailliegifford.com/", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "official compact brand icon" }, { "id": "powerlaw", "name": "Powerlaw Corp.", "ticker": "PWRL", "region": "US", "kind": "Listed closed-end fund", "access": "Exchange / brokerage", "date": "2026-06-30", "basis": "Net assets", "openai": { "name": "OpenAI", "weight": 6.69, "value": 46920000, "label": "6.69%" }, "anthropic": { "name": "Anthropic", "weight": null, "value": null, "label": "Not reported" }, "holdings": [ { "name": "SpaceX", "weight": 27.05, "value": null, "label": "27.05%" }, { "name": "OpenAI", "weight": 6.69, "value": null, "label": "6.69%" }, { "name": "Kalshi", "weight": 5.4, "value": null, "label": "5.40%" }, { "name": "Kraken", "weight": 5.3, "value": null, "label": "5.30%" }, { "name": "Colossal", "weight": 4.77, "value": null, "label": "4.77%" }, { "name": "Deel", "weight": 4.28, "value": null, "label": "4.28%" }, { "name": "VAST Data", "weight": 3.62, "value": null, "label": "3.62%" }, { "name": "Stripe", "weight": 3.61, "value": null, "label": "3.61%" }, { "name": "Mercor", "weight": 2.85, "value": null, "label": "2.85%" }, { "name": "Perplexity", "weight": 1.14, "value": null, "label": "1.14%" } ], "sources": [ "pwrl", "pwrl-all" ], "method": "The OpenAI position footnote explicitly dates its 6.69% NAV weight to 30 June 2026. The home page’s newer fund NAV date does not re-date the portfolio.", "caveats": [ "Selected positions only; remaining assets are not assumed to be cash.", "Fair value shown is rounded to millions by the issuer.", "No verified Anthropic holding is added from launch coverage or promotional references." ], "status": "qualified", "evidence": "Issuer disclosure", "coverage": "Selected disclosed holdings", "holdingsDate": "2026-06-30", "holdingsBasis": "Net assets", "structure": "Private shares", "reviewed": "2026-10-08", "qualifies": true, "thresholdCompanies": [ "openai" ], "summary": "Meets the 5% screen at the cited valuation date.", "logo": "/assets/icons/powerlaw.svg", "logoBrand": "Powerlaw", "logoSource": "https://www.powerlawfunds.com/", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "official compact brand icon" }, { "id": "ark-venture", "name": "ARK Venture Fund", "ticker": "ARKVX", "region": "US", "kind": "Interval fund", "access": "Subscription / retail channels", "date": "2026-09-30", "basis": "Net assets", "openai": { "name": "OpenAI", "weight": 5.41, "value": null, "label": "5.41%" }, "anthropic": { "name": "Anthropic", "weight": 4.41, "value": null, "label": "4.41%" }, "holdings": [ { "name": "SPACEX", "weight": 7.14, "value": null, "label": "7.14%" }, { "name": "KALSHI INC.", "weight": 5.83, "value": null, "label": "5.83%" }, { "name": "AYAR LABS, INC.", "weight": 5.67, "value": null, "label": "5.67%" }, { "name": "OPENAI", "weight": 5.41, "value": null, "label": "5.41%" }, { "name": "ANTHROPIC, INC.", "weight": 4.41, "value": null, "label": "4.41%" }, { "name": "TENSTORRENT HOLDINGS INC.", "weight": 4.18, "value": null, "label": "4.18%" }, { "name": "STRIPE, INC.", "weight": 4.06, "value": null, "label": "4.06%" }, { "name": "LILA SCIENCES, INC.", "weight": 3.93, "value": null, "label": "3.93%" }, { "name": "CRUSOE INC.", "weight": 3.48, "value": null, "label": "3.48%" }, { "name": "FREENOME, INC", "weight": 2.46, "value": null, "label": "2.46%" }, { "name": "FIGURE AI INC.", "weight": 2.45, "value": null, "label": "2.45%" }, { "name": "REPLIT, INC.", "weight": 2.33, "value": null, "label": "2.33%" }, { "name": "ZIPLINE", "weight": 2.28, "value": null, "label": "2.28%" }, { "name": "WAYVE", "weight": 2.2, "value": null, "label": "2.20%" }, { "name": "K2 SPACE", "weight": 1.93, "value": null, "label": "1.93%" }, { "name": "DATABRICKS, INC.", "weight": 1.92, "value": null, "label": "1.92%" }, { "name": "SHIELD AI", "weight": 1.82, "value": null, "label": "1.82%" }, { "name": "BOOM TECHNOLOGY, INC.", "weight": 1.72, "value": null, "label": "1.72%" }, { "name": "WONDER GROUP, INC.", "weight": 1.5, "value": null, "label": "1.50%" }, { "name": "LAMBDA, INC.", "weight": 1.48, "value": null, "label": "1.48%" }, { "name": "SECURITIZE, INC.", "weight": 1.48, "value": null, "label": "1.48%" }, { "name": "EPIC GAMES, INC", "weight": 1.4, "value": null, "label": "1.40%" }, { "name": "NEURALINK CORP.", "weight": 1.27, "value": null, "label": "1.27%" }, { "name": "MANNA DRONE DELIVERY INC.", "weight": 1.16, "value": null, "label": "1.16%" }, { "name": "IAMBIC THERAPEUTICS, INC.", "weight": 1.13, "value": null, "label": "1.13%" }, { "name": "TEMPUS AI", "weight": 1.13, "value": null, "label": "1.13%" }, { "name": "ALPHABET INC.", "weight": 1.09, "value": null, "label": "1.09%" }, { "name": "NVIDIA CORPORATION", "weight": 1.04, "value": null, "label": "1.04%" }, { "name": "HYDRA HOST, INC.", "weight": 1.03, "value": null, "label": "1.03%" }, { "name": "COSM EXPERIENCE HOLDINGS INC.", "weight": 0.93, "value": null, "label": "0.93%" }, { "name": "COREWEAVE, INC.", "weight": 0.9, "value": null, "label": "0.90%" }, { "name": "CRISPR THERAPEUTICS AG", "weight": 0.86, "value": null, "label": "0.86%" }, { "name": "ARCHITECT FINANCIAL TECHNOLOGIES INC.", "weight": 0.8, "value": null, "label": "0.80%" }, { "name": "LUCRA INC.", "weight": 0.77, "value": null, "label": "0.77%" }, { "name": "STEALTH DEFENSE COMPANY", "weight": 0.77, "value": null, "label": "0.77%" }, { "name": "CELLARES INC.", "weight": 0.76, "value": null, "label": "0.76%" }, { "name": "STOKE SPACE TECHNOLOGIES, INC", "weight": 0.74, "value": null, "label": "0.74%" }, { "name": "IMPULSE LABS INC.", "weight": 0.73, "value": null, "label": "0.73%" }, { "name": "X-ENERGY REACTOR COMPANY, LLC", "weight": 0.73, "value": null, "label": "0.73%" }, { "name": "10X GENOMICS, INC.", "weight": 0.72, "value": null, "label": "0.72%" }, { "name": "RADIANT INDUSTRIES, INC", "weight": 0.68, "value": null, "label": "0.68%" }, { "name": "TWIST BIOSCIENCES", "weight": 0.68, "value": null, "label": "0.68%" }, { "name": "HAMMERSPACE, INC.", "weight": 0.62, "value": null, "label": "0.62%" }, { "name": "RECURSION PHARMACEUTICALS, INC.", "weight": 0.6, "value": null, "label": "0.60%" }, { "name": "APPTRONIK, INC.", "weight": 0.59, "value": null, "label": "0.59%" }, { "name": "ABSCI", "weight": 0.58, "value": null, "label": "0.58%" }, { "name": "ROBINHOOD MARKETS, INC.", "weight": 0.55, "value": null, "label": "0.55%" }, { "name": "CANTON STRATEGIC HOLDINGS", "weight": 0.52, "value": null, "label": "0.52%" }, { "name": "ALAMAR BIOSCIENCES, INC.", "weight": 0.51, "value": null, "label": "0.51%" }, { "name": "BEAM THERAPEUTICS", "weight": 0.51, "value": null, "label": "0.51%" }, { "name": "PERPLEXITY AI, INC.", "weight": 0.51, "value": null, "label": "0.51%" }, { "name": "GATIK AI INC.", "weight": 0.48, "value": null, "label": "0.48%" }, { "name": "DISCORD INC.", "weight": 0.47, "value": null, "label": "0.47%" }, { "name": "INTELLIA THERAPEUTICS", "weight": 0.46, "value": null, "label": "0.46%" }, { "name": "TESLA, INC.", "weight": 0.46, "value": null, "label": "0.46%" }, { "name": "COINBASE GLOBAL, INC.", "weight": 0.45, "value": null, "label": "0.45%" }, { "name": "PRIME MEDICINE", "weight": 0.44, "value": null, "label": "0.44%" }, { "name": "REVOLUT GROUP HOLDINGS LTD", "weight": 0.44, "value": null, "label": "0.44%" }, { "name": "GENEDX HOLDINGS CORP", "weight": 0.43, "value": null, "label": "0.43%" }, { "name": "HARK LABS, INC.", "weight": 0.43, "value": null, "label": "0.43%" }, { "name": "THE BORING COMPANY", "weight": 0.39, "value": null, "label": "0.39%" }, { "name": "GENERATE:BIOMEDICINES, INC.", "weight": 0.35, "value": null, "label": "0.35%" }, { "name": "PORTAL SPACE SYSTEMS", "weight": 0.35, "value": null, "label": "0.35%" }, { "name": "MYTHICAL, INC.", "weight": 0.31, "value": null, "label": "0.31%" }, { "name": "RELATION THERAPEUTICS INC.", "weight": 0.28, "value": null, "label": "0.28%" }, { "name": "SHOPIFY INC.", "weight": 0.28, "value": null, "label": "0.28%" }, { "name": "STUDIO TYPE ONE SOUL CYCLE II LLC (INVESTED IN OPENAI)", "weight": 0.27, "value": null, "label": "0.27%" }, { "name": "UMOJA BIOPHARMA", "weight": 0.23, "value": null, "label": "0.23%" }, { "name": "AUTOPILOT HORIZON V-A LLC (INVESTED IN AYAR LABS, INC.)", "weight": 0.22, "value": null, "label": "0.22%" }, { "name": "KODIAK ROBOTICS, INC.", "weight": 0.19, "value": null, "label": "0.19%" }, { "name": "BLOCKDAEMON, INC.", "weight": 0.16, "value": null, "label": "0.16%" }, { "name": "SONATHERA", "weight": 0.16, "value": null, "label": "0.16%" }, { "name": "PRECISION NEUROSCIENCE", "weight": 0.15, "value": null, "label": "0.15%" }, { "name": "COIN TENS, LLC (INVESTED IN TENSTORRENT HOLDINGS INC.)", "weight": 0.11, "value": null, "label": "0.11%" }, { "name": "GAMEFAM, INC.", "weight": 0.08, "value": null, "label": "0.08%" }, { "name": "ATOMIC VAULTS, INC.", "weight": 0.07, "value": null, "label": "0.07%" }, { "name": "FIRMLY, INC.", "weight": 0.07, "value": null, "label": "0.07%" }, { "name": "CHIPPER CASH", "weight": 0.06, "value": null, "label": "0.06%" }, { "name": "OUTRIDER TECHNOLOGIES, INC.", "weight": 0.05, "value": null, "label": "0.05%" }, { "name": "AXIOM SPACE, INC.", "weight": 0.04, "value": null, "label": "0.04%" }, { "name": "KINO TECH, INC.", "weight": 0.04, "value": null, "label": "0.04%" }, { "name": "PAVE FINANCIAL INC.", "weight": 0.04, "value": null, "label": "0.04%" }, { "name": "TILDA TECHNOLOGIES INC. (DBA HUMATA)", "weight": 0.02, "value": null, "label": "0.02%" }, { "name": "FLEXPORT, INC", "weight": 0.01, "value": null, "label": "0.01%" }, { "name": "MVP OPPORTUNITY FUND VI LLC (INVESTED IN EPIC GAMES, INC.)", "weight": 0.01, "value": null, "label": "0.01%" } ], "sources": [ "arkvx", "arkvx-about" ], "method": "The direct OpenAI line alone clears 5%. An additional 0.27% is in Studio Type One Soul Cycle II LLC, described as invested in OpenAI; it is shown separately rather than assuming fully net look-through.", "caveats": [ "ARKVX, ARKSX and other share classes are one portfolio, not separate funds.", "Quarterly repurchases do not guarantee liquidity for every tendered share.", "The published holdings list may omit cash or other net items." ], "status": "qualified", "evidence": "Issuer disclosure", "coverage": "All 85 rows in the published holdings PDF", "holdingsDate": "2026-09-30", "holdingsBasis": "Net assets", "structure": "Direct shares plus an OpenAI vehicle", "reviewed": "2026-10-08", "qualifies": true, "thresholdCompanies": [ "openai" ], "summary": "Meets the 5% screen at the cited valuation date.", "logo": "/assets/icons/ark.png", "logoBrand": "ARK Invest", "logoSource": "https://helpcenter.ark-funds.com/", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "official compact brand icon" }, { "id": "btx", "name": "BlackRock Technology & Private Equity Term Trust", "ticker": "BTX", "region": "US", "kind": "Listed closed-end fund", "access": "Exchange / brokerage", "date": "2026-06-30", "basis": "Net assets", "openai": { "name": "OpenAI", "weight": null, "value": null, "label": "Not reported" }, "anthropic": { "name": "Anthropic", "weight": 6.09, "value": 76017566, "label": "6.09%" }, "holdings": [ { "name": "Anthropic", "weight": 8.65, "value": null, "label": "8.65%" }, { "name": "PsiQuantum", "weight": 6.1, "value": null, "label": "6.10%" }, { "name": "NVIDIA", "weight": 4.2, "value": null, "label": "4.20%" }, { "name": "Lumentum", "weight": 4.04, "value": null, "label": "4.04%" }, { "name": "Micron", "weight": 3.97, "value": null, "label": "3.97%" }, { "name": "Deepgram", "weight": 3.29, "value": null, "label": "3.29%" }, { "name": "Elite Material", "weight": 3.29, "value": null, "label": "3.29%" }, { "name": "Snorkel AI", "weight": 2.99, "value": null, "label": "2.99%" }, { "name": "Asia Vital Components", "weight": 2.87, "value": null, "label": "2.87%" }, { "name": "SpaceX", "weight": 2.79, "value": null, "label": "2.79%" } ], "sources": [ "br-report", "btx-latest" ], "method": "Aggregate the two Anthropic common/preferred positions ($76,017,566) and divide by same-date net assets ($1,247,734,912). This gives 6.0924% of NAV.", "caveats": [ "The newer 31 August website reports 8.65% “Weight”. Its denominator is not restated; the separate June NAV calculation is used for strict screening.", "The August top ten are shown as issuer-reported weights, not relabelled as June NAV allocations.", "Private marks, option strategies and fund premiums/discounts can affect returns." ], "status": "qualified", "evidence": "Calculated · filing", "coverage": "Newer top ten; separate from the June qualifying calculation", "holdingsDate": "2026-08-31", "holdingsBasis": "Issuer-reported weight (denominator not restated)", "structure": "Private shares", "nav": 1247734912, "update": "Newer disclosure: Anthropic 8.65% issuer-reported weight as of 31 August 2026. This is kept separate from the June NAV percentage.", "reviewed": "2026-10-08", "qualifies": true, "thresholdCompanies": [ "anthropic" ], "summary": "Newer disclosure: Anthropic 8.65% issuer-reported weight as of 31 August 2026. This is kept separate from the June NAV percentage.", "logo": "/assets/icons/blackrock.ico", "logoBrand": "BlackRock", "logoSource": "https://www.blackrock.com/", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "official compact brand icon" }, { "id": "bst", "name": "BlackRock Science & Technology Trust", "ticker": "BST", "region": "US", "kind": "Listed closed-end fund", "access": "Exchange / brokerage", "date": "2026-06-30", "basis": "Net assets", "openai": { "name": "OpenAI", "weight": null, "value": null, "label": "Not reported" }, "anthropic": { "name": "Anthropic", "weight": 5.11, "value": 96909144, "label": "5.11%" }, "holdings": [ { "name": "NVIDIA", "weight": 7.88, "value": null, "label": "7.88%" }, { "name": "Anthropic", "weight": 7.07, "value": null, "label": "7.07%" }, { "name": "Broadcom", "weight": 6.01, "value": null, "label": "6.01%" }, { "name": "Databricks", "weight": 5.87, "value": null, "label": "5.87%" }, { "name": "Microsoft", "weight": 4.98, "value": null, "label": "4.98%" }, { "name": "Apple", "weight": 4.6, "value": null, "label": "4.60%" }, { "name": "Anduril", "weight": 4.35, "value": null, "label": "4.35%" }, { "name": "Lam Research", "weight": 3.74, "value": null, "label": "3.74%" }, { "name": "Taiwan Semiconductor", "weight": 3.11, "value": null, "label": "3.11%" }, { "name": "Alphabet", "weight": 2.93, "value": null, "label": "2.93%" } ], "sources": [ "br-report", "bst-latest" ], "method": "Aggregate the two Anthropic common/preferred positions ($96,909,144) and divide by same-date net assets ($1,894,699,162). This gives 5.1148% of NAV.", "caveats": [ "The newer 31 August website reports 7.07% “Weight”. Its denominator is not restated; the separate June NAV calculation is used for strict screening.", "The August top ten are shown as issuer-reported weights, not relabelled as June NAV allocations.", "Private marks, option strategies and fund premiums/discounts can affect returns." ], "status": "qualified", "evidence": "Calculated · filing", "coverage": "Newer top ten; separate from the June qualifying calculation", "holdingsDate": "2026-08-31", "holdingsBasis": "Issuer-reported weight (denominator not restated)", "structure": "Private shares", "nav": 1894699162, "update": "Newer disclosure: Anthropic 7.07% issuer-reported weight as of 31 August 2026. This is kept separate from the June NAV percentage.", "reviewed": "2026-10-08", "qualifies": true, "thresholdCompanies": [ "anthropic" ], "summary": "Newer disclosure: Anthropic 7.07% issuer-reported weight as of 31 August 2026. This is kept separate from the June NAV percentage.", "logo": "/assets/icons/blackrock.ico", "logoBrand": "BlackRock", "logoSource": "https://www.blackrock.com/", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "official compact brand icon" }, { "id": "bstz", "name": "BlackRock Science & Technology Term Trust", "ticker": "BSTZ", "region": "US", "kind": "Listed closed-end fund", "access": "Exchange / brokerage", "date": "2026-06-30", "basis": "Net assets", "openai": { "name": "OpenAI", "weight": null, "value": null, "label": "Not reported" }, "anthropic": { "name": "Anthropic", "weight": 4.05, "value": 96909144, "label": "4.05%" }, "holdings": [ { "name": "Databricks", "weight": 17.49, "value": null, "label": "17.49%" }, { "name": "Anthropic", "weight": 5.61, "value": null, "label": "5.61%" }, { "name": "PsiQuantum", "weight": 5.29, "value": null, "label": "5.29%" }, { "name": "SambaNova", "weight": 4.31, "value": null, "label": "4.31%" }, { "name": "NVIDIA", "weight": 4.13, "value": null, "label": "4.13%" }, { "name": "Lumentum", "weight": 4.04, "value": null, "label": "4.04%" }, { "name": "Micron", "weight": 3.9, "value": null, "label": "3.90%" }, { "name": "Elite Material", "weight": 2.99, "value": null, "label": "2.99%" }, { "name": "SpaceX", "weight": 2.74, "value": null, "label": "2.74%" }, { "name": "Asia Vital Components", "weight": 2.67, "value": null, "label": "2.67%" } ], "sources": [ "br-report", "bstz-latest" ], "method": "Aggregate the two Anthropic common/preferred positions ($96,909,144) and divide by same-date net assets ($2,392,305,525). This gives 4.0509% of NAV.", "caveats": [ "The newer 31 August website reports 5.61% “Weight”. Its denominator is not restated; the separate June NAV calculation is used for strict screening.", "The August top ten are shown as issuer-reported weights, not relabelled as June NAV allocations.", "Private marks, option strategies and fund premiums/discounts can affect returns." ], "status": "review", "evidence": "Calculated · filing", "coverage": "Newer top ten; separate from the June qualifying calculation", "holdingsDate": "2026-08-31", "holdingsBasis": "Issuer-reported weight (denominator not restated)", "structure": "Private shares", "nav": 2392305525, "update": "Newer disclosure: Anthropic 5.61% issuer-reported weight as of 31 August 2026. This is kept separate from the June NAV percentage. June NAV exposure was below 5%; August NAV/assets qualification needs denominator confirmation.", "reviewed": "2026-10-08", "qualifies": false, "thresholdCompanies": [], "summary": "Newer disclosure: Anthropic 5.61% issuer-reported weight as of 31 August 2026. This is kept separate from the June NAV percentage. June NAV exposure was below 5%; August NAV/assets qualification needs denominator confirmation.", "logo": "/assets/icons/blackrock.ico", "logoBrand": "BlackRock", "logoSource": "https://www.blackrock.com/", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "official compact brand icon" }, { "id": "alger-concentrated-equity", "name": "Alger Concentrated Equity ETF", "ticker": "CNEQ", "region": "US", "kind": "ETF", "access": "Exchange / brokerage", "date": "2026-10-06", "basis": "Issuer portfolio weight", "openai": { "name": "OpenAI", "weight": null, "value": null, "label": "Not reported" }, "anthropic": { "name": "Anthropic", "weight": 1.44, "value": 48965914, "label": "1.44%" }, "holdings": [ { "name": "Microsoft", "weight": 8.12, "value": null, "label": "8.12%" }, { "name": "Alphabet Class C", "weight": 6.04, "value": null, "label": "6.04%" }, { "name": "Meta", "weight": 3.78, "value": null, "label": "3.78%" }, { "name": "Figure AI", "weight": 2.68, "value": null, "label": "2.68%" }, { "name": "Government money-market fund", "weight": 2.43, "value": null, "label": "2.43%" }, { "name": "SpaceX", "weight": 2.18, "value": null, "label": "2.18%" }, { "name": "Natera", "weight": 2.11, "value": null, "label": "2.11%" }, { "name": "Astera Labs", "weight": 1.51, "value": null, "label": "1.51%" }, { "name": "Anthropic", "weight": 1.44, "value": null, "label": "1.44%" }, { "name": "Figure Technology Solutions", "weight": 1.22, "value": null, "label": "1.22%" } ], "sources": [ "cneq" ], "method": "The current daily holdings PDF reports Anthropic at 1.44%, below the 5% screen. Older June figures should not be presented as current.", "caveats": [ "Selected holdings only.", "An ETF can hold private shares without providing concentrated exposure to either company." ], "status": "below", "evidence": "Issuer disclosure", "coverage": "Selected disclosed holdings", "holdingsDate": "2026-10-06", "holdingsBasis": "Issuer portfolio weight", "structure": "Private shares", "reviewed": "2026-10-08", "qualifies": false, "thresholdCompanies": [], "summary": "Below the 5% screen in the latest reviewed evidence.", "logo": "/assets/icons/alger.ico", "logoBrand": "Alger", "logoSource": "https://www.alger.com/", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "official compact brand icon" }, { "id": "stack-capital", "name": "Stack Capital Group", "ticker": "STCK.TO", "region": "Canada", "kind": "Investment holding company", "access": "Exchange / brokerage", "date": "2026-06-30", "basis": "Book value (non-IFRS)", "openai": { "name": "OpenAI", "weight": 4.74, "value": null, "label": "4.74%" }, "anthropic": { "name": "Anthropic", "weight": null, "value": null, "label": "Not reported" }, "holdings": [ { "name": "SpaceX", "weight": 37.63, "value": null, "label": "37.63%" }, { "name": "Fluidstack", "weight": 10.02, "value": null, "label": "10.02%" }, { "name": "Prometheus", "weight": 8.05, "value": null, "label": "8.05%" }, { "name": "Canva", "weight": 5.98, "value": null, "label": "5.98%" }, { "name": "Crusoe", "weight": 5.38, "value": null, "label": "5.38%" }, { "name": "Cash", "weight": 5.14, "value": null, "label": "5.14%" }, { "name": "Locus Robotics", "weight": 4.84, "value": null, "label": "4.84%" }, { "name": "OpenAI", "weight": 4.74, "value": null, "label": "4.74%" }, { "name": "Hopper", "weight": 4.54, "value": null, "label": "4.54%" }, { "name": "CoreWeave", "weight": 4.44, "value": null, "label": "4.44%" }, { "name": "Omio", "weight": 3.7, "value": null, "label": "3.70%" }, { "name": "Prove Identity", "weight": 3.65, "value": null, "label": "3.65%" }, { "name": "Databricks", "weight": 2.96, "value": null, "label": "2.96%" }, { "name": "X-Energy", "weight": 2.81, "value": null, "label": "2.81%" }, { "name": "Shield AI", "weight": 2.07, "value": null, "label": "2.07%" }, { "name": "Bolt", "weight": 0.84, "value": null, "label": "0.84%" }, { "name": "Varo", "weight": 0.44, "value": null, "label": "0.44%" }, { "name": "PsiQuantum", "weight": 0.4, "value": null, "label": "0.40%" }, { "name": "Net other assets", "weight": -7.65, "value": null, "label": "-7.65%" } ], "sources": [ "stack" ], "method": "C$0.96 OpenAI book value per share ÷ C$20.25 total book value per share ≈ 4.74%. Rounded inputs; not a fund NAV.", "caveats": [ "An investment holding company rather than a registered fund.", "Book value is a non-IFRS measure; it is not directly interchangeable with NAV." ], "status": "below", "evidence": "Calculated · rounded inputs", "coverage": "Issuer book-value-per-share components converted to percentages", "holdingsDate": "2026-06-30", "holdingsBasis": "Book value (non-IFRS)", "structure": "Private shares", "reviewed": "2026-10-08", "qualifies": false, "thresholdCompanies": [], "summary": "Below the 5% screen in the latest reviewed evidence.", "logo": "/assets/icons/stack.png", "logoBrand": "Stack Capital", "logoSource": "https://www.stackcapitalgroup.com/", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "official compact brand icon" }, { "id": "scottish-mortgage", "name": "Scottish Mortgage Investment Trust", "ticker": "SMT.L", "region": "UK", "kind": "Investment trust", "access": "Exchange / brokerage", "date": "2026-09-22", "basis": "Total assets", "openai": { "name": "OpenAI", "weight": null, "value": null, "label": "Not reported" }, "anthropic": { "name": "Anthropic", "weight": 3.9, "value": null, "label": "3.90%" }, "holdings": [ { "name": "Anthropic", "weight": 3.9, "value": null, "label": "3.90%" } ], "sources": [ "smt" ], "method": "Use the issuer’s 22 September valuation announcement: 3.9% of total assets, below 5%.", "caveats": [ "The notice updates a single position; it is not a complete portfolio.", "No current OpenAI allocation is established here." ], "status": "below", "evidence": "Issuer disclosure", "coverage": "Single-position valuation update", "holdingsDate": "2026-09-22", "holdingsBasis": "Total assets", "structure": "Private shares", "reviewed": "2026-10-08", "qualifies": false, "thresholdCompanies": [], "summary": "Below the 5% screen in the latest reviewed evidence.", "logo": "/assets/icons/baillie.ico", "logoBrand": "Baillie Gifford", "logoSource": "https://www.bailliegifford.com/", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "official compact brand icon" }, { "id": "angellist-usvc", "name": "AngelList Venture Capital Access Fund", "ticker": "USVC", "region": "US", "kind": "Tender-offer fund", "access": "Subscription / retail channels", "date": "2026-07-08", "basis": "Not established", "openai": { "name": "OpenAI", "weight": null, "value": null, "label": "Not reported" }, "anthropic": { "name": "Anthropic", "weight": null, "value": null, "label": "Not reported" }, "holdings": [ { "name": "OpenAI", "weight": null, "value": null, "label": "Not reported" }, { "name": "Anthropic", "weight": null, "value": null, "label": "Not reported" }, { "name": "SpaceX", "weight": null, "value": null, "label": "Not reported" }, { "name": "Mercor", "weight": null, "value": null, "label": "Not reported" }, { "name": "Supabase", "weight": null, "value": null, "label": "Not reported" }, { "name": "Sierra", "weight": null, "value": null, "label": "Not reported" }, { "name": "Mercury", "weight": null, "value": null, "label": "Not reported" } ], "sources": [ "usvc" ], "method": "Portfolio commentary identifies companies but gives no target-company NAV/assets weights. No percentage is inferred.", "caveats": [ "Underlying funds and SPVs can add another ownership layer.", "Private valuation policies differ by investment type." ], "status": "review", "evidence": "Weights unverified", "coverage": "Companies discussed by issuer; weights unavailable", "holdingsDate": "2026-07-08", "holdingsBasis": "Not established", "structure": "Mixed direct and fund/SPV exposure", "reviewed": "2026-10-08", "qualifies": false, "thresholdCompanies": [], "summary": "Not included in the qualifying count; further evidence is needed.", "logo": "/assets/logos/usvc.svg", "logoBrand": "USVC", "logoSource": "https://usvc.com/", "logoWide": false, "logoBackground": "#ffffff", "logoKind": "fund mark" } ], "sources": { "iaf": { "title": "Innovation Access Fund · SEC schedule of investments", "url": "https://www.sec.gov/Archives/edgar/data/1905379/000119312526374492/iafjune2026.htm", "date": "2026-06-30", "locator": "Preferred stocks; Net Assets; footnotes (b) and (c)", "note": "Unaudited filing. Two restricted Anthropic share classes.", "accessed": "2026-10-08" }, "eltif": { "title": "ARK Europe · portfolio disclosure", "url": "https://europe.ark-funds.com/funds/private-assets/private-innovation/", "date": "2026-09-30", "locator": "Fund Portfolio and Current Holdings", "note": "Holdings date is distinct from the Fund Details update date.", "accessed": "2026-10-08" }, "vcx": { "title": "Fundrise · SEC quarterly investment schedule", "url": "https://www.sec.gov/Archives/edgar/data/1867090/000186709026000109/04400.htm", "date": "2026-06-30", "locator": "Page 2, Economic Issuer / Share of Net Assets", "note": "Issuer-level exposure is disclosed in bands. Do not substitute older point estimates.", "accessed": "2026-10-08" }, "nslr": { "title": "Neostellar · second-quarter results", "url": "https://investors.neostellar.vc/news-releases/news-release-details/neostellar-capital-corp-reports-second-quarter-2026-financial", "date": "2026-06-30", "locator": "Top Five Investments, footnote (1), and net assets", "note": "Released 5 August 2026. Figures used in the calculation are rounded millions.", "accessed": "2026-10-08" }, "nslr10q": { "title": "Neostellar · Form 10-Q", "url": "https://www.sec.gov/Archives/edgar/data/1509470/000149315226036285/form10-q.htm", "date": "2026-06-30", "locator": "Investment portfolio and ARK Type One Deep Ventures", "note": "Additional legal structure and financial detail.", "accessed": "2026-10-08" }, "ctek": { "title": "Coatue · top positions", "url": "https://www.coatue.com/ctek/portfolio", "date": "2026-08-31", "locator": "Top 10 Positions; %NAV; date immediately below the table", "note": "The page also has an older heading. The top-positions table is specifically dated 31 August 2026.", "accessed": "2026-10-08" }, "dxyz": { "title": "Destiny · portfolio and ownership notes", "url": "https://destiny.xyz/tech100", "date": "2026-06-30", "locator": "Current Portfolio; footnote 1", "note": "Weights include cash and equivalents; they are not the larger share-of-deployed-capital figures.", "accessed": "2026-10-08" }, "rvi": { "title": "Robinhood Ventures · schedule of investments", "url": "https://cdn.robinhood.com/app_assets/rhv/updates/rvi_schedule_of_investments_6.30.26.pdf", "date": "2026-06-30", "locator": "PDF page 1; footnote (a) on page 2", "note": "Visually checked original table. Percentages below calculated from disclosed dollar fair values and NAV.", "accessed": "2026-10-08" }, "usa": { "title": "Baillie Gifford US Growth · portfolio", "url": "https://www.bailliegifford.com/en/uk/individual-investors/funds/baillie-gifford-us-growth-trust/", "date": "2026-07-31", "locator": "Fund portfolio holdings / % of total assets", "note": "Top ten only; not a complete portfolio.", "accessed": "2026-10-08" }, "usa-rns": { "title": "US Growth Trust · issuer regulatory announcement", "url": "https://www.lse.co.uk/rns/USA/update-on-nav-and-anthropic-valuation-7thz3z4630ivphg.html", "date": "2026-09-22", "locator": "Update on NAV and Anthropic Valuation, published 23 September 2026", "note": "Issuer announcement reproduced by London South East; not a third-party allocation estimate.", "accessed": "2026-10-08" }, "mntn": { "title": "Schiehallion · portfolio disclosure", "url": "https://www.bailliegifford.com/en/uk/institutional-investor/funds/schiehallion-fund/", "date": "2026-08-31", "locator": "Top ten / % of total assets", "note": "Unaudited issuer disclosure.", "accessed": "2026-10-08" }, "mntn-rns": { "title": "Schiehallion · issuer regulatory announcement", "url": "https://www.lse.co.uk/rns/MNTN/update-on-nav-and-anthropic-valuation-k7ca2opt80bp2m3.html", "date": "2026-09-22", "locator": "Update on NAV and Anthropic Valuation, published 23 September 2026", "note": "Issuer announcement reproduced by London South East.", "accessed": "2026-10-08" }, "pwrl": { "title": "Powerlaw · OpenAI position and valuation footnotes", "url": "https://www.powerlawfunds.com/pwrl/holdings/openai?from=home", "date": "2026-06-30", "locator": "PWRL Position; footnotes 1–2", "note": "The 6.69% holding is dated June, even though the home page displays August fund NAV.", "accessed": "2026-10-08" }, "pwrl-all": { "title": "Powerlaw · portfolio holdings", "url": "https://www.powerlawfunds.com/pwrl/holdings", "date": "2026-06-30", "locator": "Position allocations and portfolio valuation footnotes", "note": "Selected positions are shown on this site; full portfolio at source.", "accessed": "2026-10-08" }, "arkvx": { "title": "ARK Venture · full holdings PDF", "url": "https://assets.ark-funds.com/fund-documents/funds-etf-pdf/ARK_VENTURE_FUND_ARKVX_HOLDINGS.pdf", "date": "2026-09-30", "locator": "Rows 4, 5 and 67; all holdings pages 1–4", "note": "OpenAI line is 5.41%; separate OpenAI-invested vehicle is 0.27%.", "accessed": "2026-10-08" }, "arkvx-about": { "title": "ARK Venture · fund structure", "url": "https://www.ark-funds.com/funds/arkvx", "date": "2026-10-08", "locator": "Overview and fund risk disclosures", "note": "Non-listed interval fund; multiple classes share the same portfolio.", "accessed": "2026-10-08" }, "br-report": { "title": "BlackRock · semiannual financial statements", "url": "https://www.blackrock.com/us/individual/literature/semi-annual-report/sar-retail-equity-trust.pdf", "date": "2026-06-30", "locator": "BST: pp.73–74; BTX: pp.77–78; BSTZ: pp.69–70; NAV: p.85", "note": "Sum common and preferred Anthropic positions, then divide by each trust’s own net assets.", "accessed": "2026-10-08" }, "btx-latest": { "title": "BlackRock BTX · latest top holdings", "url": "https://www.blackrock.com/us/financial-professionals/products/317597/blackrock-technology-and-private-equity-term-trust", "date": "2026-08-31", "locator": "Holdings / Name / Weight (%)", "note": "Table labels the basis “Weight (%)”; precise denominator is not restated. Kept separate from calculated June NAV weights.", "accessed": "2026-10-08" }, "bst-latest": { "title": "BlackRock BST · latest top holdings", "url": "https://www.blackrock.com/us/financial-professionals/products/270141/science-and-technology-trust", "date": "2026-08-31", "locator": "Holdings / Name / Weight (%)", "note": "Table labels the basis “Weight (%)”; precise denominator is not restated. Kept separate from calculated June NAV weights.", "accessed": "2026-10-08" }, "bstz-latest": { "title": "BlackRock BSTZ · latest top holdings", "url": "https://www.blackrock.com/us/financial-professionals/products/308764/science-and-technology-trust-fund", "date": "2026-08-31", "locator": "Holdings / Name / Weight (%)", "note": "Table labels the basis “Weight (%)”; precise denominator is not restated. Kept separate from calculated June NAV weights.", "accessed": "2026-10-08" }, "cneq": { "title": "Alger Concentrated Equity · daily holdings", "url": "https://www.alger.com/AlgerETFDailyHoldings/Daily_Holdings_Alger_Concentrated_Equity_ETF.pdf", "date": "2026-10-06", "locator": "Page 2, ANTHROPIC PBC; effective date on page 1", "note": "Latest reviewed daily file supersedes older June allocation claims.", "accessed": "2026-10-08" }, "stack": { "title": "Stack Capital · Q2 issuer results", "url": "https://www.globenewswire.com/news-release/2026/08/05/3339233/0/en/stack-capital-group-inc-reports-q2-2026-financial-results.html", "date": "2026-06-30", "locator": "Breakdown of Book Value per Share", "note": "Book value is the company’s non-IFRS measure, not a registered fund NAV.", "accessed": "2026-10-08" }, "smt": { "title": "Scottish Mortgage · issuer regulatory announcement", "url": "https://br.advfn.com/noticias/LSEG_RNS/2026/artigo/99361071", "date": "2026-09-22", "locator": "Update on NAV and Anthropic Valuation", "note": "Issuer announcement reproduced by ADVFN.", "accessed": "2026-10-08" }, "usvc": { "title": "USVC · Q2 update", "url": "https://unlisted.usvc.com/p/usvc-q2-2026-update", "date": "2026-07-08", "locator": "Portfolio Updates and How We Value the Fund", "note": "Confirms portfolio discussion, but no fund-level company weights.", "accessed": "2026-10-08" }, "frut": { "title": "Yorkville · SEC prospectus", "url": "https://www.sec.gov/Archives/edgar/data/1040674/000104067426000078/ck0001040674-20260828.htm", "date": "2026-08-28", "locator": "Pre-IPO Exposure Risk", "note": "Swaps do not establish ownership of private shares.", "accessed": "2026-10-08" }, "mn": { "title": "Corgi MANGOS · fund page", "url": "https://corgiinvest.com/mn", "date": "2026-10-08", "locator": "Fund holdings and prospectus", "note": "Derivative route; review current issuer terms.", "accessed": "2026-10-08" } }, "candidates": [ { "name": "Corgi MANGOS (MN)", "status": "Excluded · derivatives", "reason": "Private-company exposure is implemented through cash-settled swaps. This does not satisfy the private-share criterion.", "url": "https://corgiinvest.com/mn" }, { "name": "Yorkville MANGOS Plus (FRUT), MNGZ and MNGB", "status": "Excluded · derivatives", "reason": "FRUT uses private-company index-linked swaps; leveraged or inverse wrappers do not establish private-share ownership.", "url": "https://www.sec.gov/Archives/edgar/data/1040674/000104067426000078/ck0001040674-20260828.htm" }, { "name": "ARK Innovation (ARKK), Next Generation Internet (ARKW), Fintech (ARKF)", "status": "Not qualified · weight not established", "reason": "Private OpenAI investment was disclosed, but a current individual-company weight of at least 5% was not verified in this review.", "url": "https://www.ark-funds.com/articles/etf/q1-2026-commentary-from-arks-cio" }, { "name": "KraneShares AGIX; Alger ALAI and ATFV; BlackRock BAI; T. Rowe Price TTEQ", "status": "Not qualified · further checks needed", "reason": "Identified by the prior research and holdings screens. No current primary-source allocation of at least 5% has been established here for either company.", "url": "https://chatgpt.com/share/6ac79795-4230-83ed-ace8-840021d6f46d" }, { "name": "BlackRock Private Equity ELTIF; BlackRock Private Investments Fund", "status": "Not qualified · weight not established", "reason": "A private-market mandate or named investment does not prove that either company meets 5% of fund NAV/assets.", "url": "https://www.blackrock.com/ch/professionals/en/solutions/european-long-term-investment-fund" }, { "name": "ARK Venture Australian feeder", "status": "Not qualified · look-through missing", "reason": "Do not copy the US master-fund allocation into a feeder without its same-date cash, liabilities and master-fund ownership weight.", "url": "https://www.ark-funds.com/ark-venture-access" }, { "name": "Fidelity, Capital Group, T. Rowe Price, JPMorgan, Franklin, Nuveen and New York Life funds", "status": "Broader discovery screen", "reason": "Public holdings screens identify many small positions. Manager-level participation is not a fund allocation; no additional qualifying fund was verified in this review.", "url": "https://leveragedposition.com/blog/funds-that-hold-anthropic/" }, { "name": "Thrive, Sequoia, Lightspeed, ICONIQ, GIC and other institutional managers", "status": "Not qualified · vehicle/NAV unavailable", "reason": "Financing announcements name managers but often omit the exact vehicle, fund NAV and position fair value. No inferred percentages.", "url": "https://www.anthropic.com/news" }, { "name": "FNEX deal vehicles; Accuidity Megacorn; secondary-market SPVs", "status": "Not qualified · offering evidence needed", "reason": "A single-company mandate is not proof of 100% invested NAV. Verify funded assets, cash, liabilities, issuer consent and dated statements for the exact vehicle.", "url": "https://fnex.com/anthropic-fnex-ventures-fund/" }, { "name": "Underlying vehicles: ARK Type One, Goanna, Magnitude and Studio Type One", "status": "Not counted twice", "reason": "Recorded as ownership layers of the parent funds. Separate investable vehicle-level NAV/assets weights and access terms were not verified.", "url": "https://investors.neostellar.vc/news-releases/news-release-details/neostellar-capital-corp-reports-second-quarter-2026-financial" }, { "name": "Harbor OAIW / ANTW; Tuttle Trifecta; proposed IPO and KPI funds", "status": "Excluded · ownership unproven", "reason": "Ecosystem exposure, a proposed prospectus or a future IPO mandate does not establish a current holding of private company shares.", "url": "https://www.sec.gov/Archives/edgar/data/1924868/000199937126015487/quantify-485apos_072126.htm" }, { "name": "Microsoft, Amazon, Alphabet and SoftBank", "status": "Excluded · operating companies", "reason": "These are corporate investors, not funds. Owning their public shares is not counted as direct or fund-SPV ownership of the target private shares.", "url": "https://openai.com/index/" } ] }