UNTITLED INVESTMENTS LP

2. Key Holdings

The portfolio is dominated by a select group of growth-oriented companies, with the top five positions accounting for approximately 58.1% of total assets.

• TRANSUNION (TRU) is the largest holding, comprising 15.66% of the portfolio ($45.53M). This significant weighting suggests a strong belief in the credit reporting and analytics firm's fundamental value, likely viewing it as undervalued relative to its growth potential.
• MERCADOLIBRE and KASPI KZ JSC (KSPI) occupy the second and third spots, at 11.40% and 11.13%, respectively. Both positions represent heavy bets on leading fintech and e-commerce ecosystems in emerging and developing markets (Latin America and Central Asia/Eastern Europe).
• NU HLDGS LTD represents a major new entry, immediately securing the fourth-largest position at 10.90% ($31.69M). This aggressive initiation highlights a focused interest in the digital banking sector.
• META PLATFORMS (META) rounds out the top five with a 9.02% allocation. The firm significantly increased this stake during the quarter, signaling confidence in the digital advertising and social media giant's continued dominance.