CISCO SYSTEMS, INC.

2. Key Holdings

The portfolio is dominated by large-scale passive index investments alongside a significant venture-style equity stake.

• ITOT (iShares Core S&P Total U.S. Stock Market ETF): This is the largest holding, valued at $211.51 million and representing 64.28% of the portfolio. With 1.42 million shares, this position provides broad exposure to the entire U.S. equity market, including large-, mid-, and small-cap growth and value stocks. It serves as the anchor of the portfolio, likely functioning as a liquidity reserve or a baseline performance benchmark.
• CRWV (CoreWeave Inc.): This is the most notable active position in the filing, valued at $76.19 million (23.16% allocation). CoreWeave is a specialized cloud provider focused on GPU-accelerated computing, heavily aligned with the Artificial Intelligence (AI) infrastructure boom. A position of this magnitude in a private or pre-IPO technology firm suggests a strategic corporate investment rather than a purely financial one, potentially indicating a partnership, supply chain alignment, or a strategic venture bet by Cisco on the AI infrastructure layer.
• IVV (iShares Core S&P 500 ETF): Valued at $41.10 million (12.49% allocation), this holding complements ITOT by providing specific exposure to the 500 largest U.S. companies. The combination of ITOT and IVV suggests a preference for low-cost, diversified beta for the bulk of the capital.
• RBRK (Rubrik, Inc.): A minimal position valued at $236,484 (0.07%), this represents a negligible stake relative to the total portfolio but adds to the technology sector exposure, specifically in cloud data management and security.