Draper Asset Management, LLC

Key Holdings

The portfolio is characterized by a "barbell" strategy of heavy concentration in mega-cap technology and communication services leaders, alongside smaller speculative positions.

• Top Dominance: The top three holdings—NVIDIA (NVDA), Alphabet (GOOGL), and Meta Platforms (META)—command a dominant 68.32% of the total portfolio value. This indicates a strong reliance on the secular growth of artificial intelligence, digital advertising, and cloud computing.
• NVIDIA (NVDA): Despite reducing the stake by 17.2% (selling $2.42M worth of shares), NVDA remains the largest position at 27.18% ($27.67M). The reduction suggests the manager took some profits or managed risk, yet the conviction remains high.
• Alphabet (GOOGL & GOOG): Alphabet is the firm's largest aggregate bet, combining Class A (GOOGL) and Class C (GOOG) shares for a total allocation of approximately 27.12%. The firm added aggressively to GOOGL (+$6.72M) while trimming GOOG, potentially indicating a shift toward voting rights or a rebalancing between share classes.
• Meta Platforms (META): Representing 17.16% of the portfolio, META saw a modest increase of $940K, reinforcing the firm's bullish stance on the social media and digital advertising ecosystem.
• Tesla (TSLA): TSLA holds the 4th position at 9.78%, though the firm reduced exposure by 4.0% ($2.39M).