Technology Crossover Management VIII, Ltd.

The portfolio experienced a slight contraction of 1.6% during the quarter, decreasing from $459.61 million at the end of the previous quarter. This decline is likely attributable to market price fluctuations rather than capital deployment, as the filing data indicates no trading activity (buys or sells) during the period. The firm effectively maintained a static position, signaling confidence in its existing selections without the need for rebalancing or profit-taking.

2. Key Holdings

The portfolio is dominated by two primary positions that account for the vast majority of assets under management (AUM).