Great Hill Capital LLC

Key Holdings and Their Significance

• SWK (Stanley Black & Decker): $298.85M (29.71% of portfolio). A newly initiated and very large position. A single-name allocation near 30% represents a material idiosyncratic bet and will dominate portfolio performance and risk.
• PYPL (PayPal): $272.16M (27.05%). Not new to the book but was aggressively increased (+354.8%, $225.37M added). Together with SWK, these two names represent 56.8% of assets—extreme concentration in two stocks.
• BIDU (Baidu): $121.49M (12.08%). Large new exposure to Chinese internet/AI exposure, the third-largest holding.
• VFC (V F Corp): $86.36M (8.58%). Another large new position, giving textile/apparel/branding exposure.
• HRL, BAX, CCI, ETSY, PFE, and AAP round out the next tier (each between ~1.8%–2.5% of the portfolio), providing some sector and defensive (consumer defensive, healthcare, infrastructure/communications) exposure but at materially smaller sizes.

Implication: portfolio returns will be dominated by developments in SWK, PYPL and BIDU. Smaller positions serve as diversifiers or tactical exposures.