Prescott General Partners LLC

2. Key Holdings

The portfolio is overwhelmingly dominated by two specific stocks:

• Wayfair Inc. (W): This is the largest holding, comprising $261.06 million or 53.28% of the portfolio. The position consists of 2.92 million shares. As a Consumer Cyclical stock, Wayfair represents a high-beta, growth-oriented play on the e-commerce and home goods sectors.
• Cimpress plc (CMPR): The second largest holding is valued at $227.74 million, representing 46.48% of the portfolio. With 3.61 million shares held, this position indicates a strong conviction in the mass customization and print services sector.