Lightspeed Management Company, L.L.C.

2. Key Holdings

The portfolio is dominated by four specific positions, with Webull Corp and Blend Labs serving as the core anchors.

• Webull Corp: This is the largest holding, comprising 40.31% of the portfolio ($105.72M). With a position of 7.15 million shares, Lightspeed has allocated a substantial portion of its capital to this entity. A concentration of over 40% in a single name indicates strong confidence in the company's growth trajectory or business model.
• Blend Labs Inc (BLND): Representing the Technology sector, this is the second-largest position at 32.19% ($84.41M). The firm holds 23.13 million shares. The heavy weighting in Blend Labs suggests a specific focus on the fintech or software infrastructure space, viewing it as a key component of the portfolio's return potential.
• Personalis Inc: Accounting for 20.29% ($53.21M), this position rounds out the "Big Three," holding 8.16 million shares. Combined with the fourth holding, these positions show a tilt toward specific, potentially high-growth or turnaround stories in the healthcare and biotech sectors.
• Olema Pharmaceuticals Inc: The smallest position at 7.21% ($18.90M), holding 1.93 million shares.