# EDGAR Filing Document

**Accession Number:** 0002044327
**File Stem:** 0001049169-26-001554
**Filing Date:** 2026-5
**Character Count:** 13150
**Document Hash:** 4330343aad55db1339406c33cf073ebb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-001554.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001049169-26-001554

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** C1 Fund Inc.
- **CENTRAL INDEX KEY:** 0002044327

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24022
- **FILM NUMBER:** 261044854

**BUSINESS ADDRESS:**
- **STREET 1:** 228 HAMILTON AVENUE
- **STREET 2:** 3RD FLOOR
- **CITY:** PALO ALTO
- **STATE:** CA
- **ZIP:** 94301
- **BUSINESS PHONE:** (650) 374-7800

**MAIL ADDRESS:**
- **STREET 1:** 228 HAMILTON AVENUE
- **STREET 2:** 3RD FLOOR
- **CITY:** PALO ALTO
- **STATE:** CA
- **ZIP:** 94301

## Nport-Ex

**C1 Fund Inc.** 

Schedule of Investments

March 31, 2026

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Geographic<br> Region** | **Acquisition<br> Date** | **Shares** | **Cost** | **Fair Value** | **Percentage of<br> Net Assets** |
| ***Private Common Stock*** | | | | | | |
| ***Financial Technology<sup>(a)</sup>*** |  |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;Alchemy Insights, Inc.<sup>(b),(c)</sup> | United States | 11/10/2025 | 12480 | $2545920 | $2496000 | 5.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;Blockchain.com Group Holdings, Inc.<sup>(b),(c)</sup> | Cayman Islands | 11/13/2025 | 156250 | 2550000 | 2500000 | 5.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;Chainalysis Inc.<sup>(b),(c)</sup> | United States | 10/14/2025 | 213585 | 2158267 | 2135850 | 4.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;ConsenSys Software Inc.<sup>(b),(c)</sup> | United States | 11/19/2025 | 57735 | 1509977 | 1645447 | 3.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;Figment Inc.<sup>(b),(c)</sup> | Canada | 9/29/2025 | 952381 | 2000000 | 2000000 | 4.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fireblocks Ltd. <sup>(b),(c)</sup> | Israel | 1/15/2026 | 192654 | 1107761 | 1107761 | 2.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;Payward Inc. (Kraken)<sup>(b),(c)</sup> | United States | 10/27/2025 | 56819 | 2502036 | 2215941 | 4.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;Ripple Labs, Inc. <sup>(b),(c)</sup> | United States | 3/12/2026 | 5405 | 999925 | 810750 | 1.66% |
| &nbsp;&nbsp;&nbsp;&nbsp;Uphold Ltd. <sup>(b),(c)</sup> | Bahamas | 2/11/2026 | 200000 | 612000 | 600000 | 1.23% |
| **Total Private Common Stock** |  |  |  | **15985886** | **15511749** | ***31.72*** *%*** |
| ***Private Preferred Stock*** |  |  |  |  |  |  |
| ***Financial Technology<sup>(a)</sup>*** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Payward Inc. (Kraken), Series A<sup>(b),(c)</sup> | United States | 10/22/2025 | 166669 | 7690607 | 6500091 | 13.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;Ripple Labs Inc., Series A<sup>(b),(c)</sup> | United States | 11/20/2025 | 66667 | 10070041 | 10000050 | 20.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;Uphold Ltd., Series B-3<sup>(b),(c)</sup> | Bahamas | 2/13/2026 | 154221 | 484501 | 485796 | 0.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;Uphold Ltd., Series C<sup>(b),(c)</sup> | Bahamas | 2/11/2026 | 354010 | 1127082 | 1115132 | 2.28% |
| **Total Private Preferred Stock** |  |  |  | **19372231** | **18101069** | ***37.01*** *%*** |
| ***Public Common Stock*** |  |  |  |  |  |  |
| ***Financial Technology<sup>(a)</sup>*** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BitGo Holdings, Inc.<sup>(c)</sup> | United States | 1/9/2026 | 125571 | 2244004 | 1033449 | 2.11% |
| **Total Public Common Stock** |  |  |  | **2244004** | **1033449** | ***2.11*** *%*** |
| **Total Stock Investments** |  |  |  | **37602121** | **34646267** | ***70.84*** *%*** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| ***Short Term Investments*** | **7 Day Yield** | **7 Day Yield** | **Shares** | **Cost** | **Fair Value** | **Percentage of Net Assets** |
| ***Government Securities (U.S. Treasury)*** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First American US Treasury Money Market Fund<sup>(d)</sup> |  | 3.540% | 15049802 | 15049802 | 15049802 | 30.77% |
| ***Total Short Term Investments*** |  |  |  | **15049802** | **15049802** | **30.77%** |
| **Total Investments** |  |  |  | $**52651923** | $**49696069** | **101.61%** |
| **Liabilities in Excess of Other Assets** | **Liabilities in Excess of Other Assets** |  |  |  | **(789732)** | **(1.61)%** |
| **Net Assets** |  |  |  |  | $**48906337** | **100.00%** |

---

*<sup>(a)</sup>* *Investments have no redemption provisions, are issued in private placement transactions and are restricted as to resale. Total fair value of restricted securities amounts to $34,646,267, which represents approximately 70.84% of the Company's net assets as of March 31, 2026.* 

*<sup>(b)</sup>* *As a result of the use of significant unobservable inputs to determine fair value, these investments have been classified as Level 3 securities under the fair value hierarchy.*

*<sup>(c)</sup>* *Non-income producing security.*

*<sup>(d)</sup>* *The rate shown is the annualized 7-day yield as of March 31, 2026.*

Securities by Country as a Percentage of Investments Fair Value

---

| | | | |
|:---|:---|:---|:---|
| | Cost | Fair Value | Percentage of <br> Net Assets |
| United States |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Private Common Stock | $9716126 | $9303989 | 19.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Private Preferred Stock | 17760648 | 16500141 | 33.74% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Common Stock | 2244004 | 1033449 | 2 .11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short Term Investments | 15049802 | 15049802 | &nbsp;&nbsp;&nbsp;&nbsp;30 .77% |
| Total United States | 44770579 | 41887380 | 85.65% |
| Bahamas |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Private Common Stock | 612000 | 612000 | 1 .23% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Private Preferred Stock | 1611583 | 1600928 | 3 .27% |
| Total Bahamas | 2223583 | 2200928 | 4.50% |
| Canada |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Private Common Stock | 2000000 | 2000000 | 4 .09% |
| Total Canada | 2000000 | 2000000 | 4.09% |
| Cayman Islands |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Private Common Stock | 2550000 | 2500000 | 5 .11% |
| Total Cayman Islands | 2550000 | 2500000 | 5.11% |
| Israel |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Private Common Stock | 1107761 | 1107761 | 2.27% |
| Total Israel | 1107761 | 1107761 | 2.27% |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** C1 Fund Inc.

- **b. Investment Company Act file number:** 811-24022

- **c. CIK number of Registrant:** 0002044327

- **d. LEI of Registrant:** 5299005KKUNRHWK7IH10

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 3000 El Camino Real Building 4

  - **City:** Palo Alto

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94306

  - **Telephone number:** 6503747800

**Item A.2. Information about the Series.**

- **a. Name of Series:** C1 Fund Inc.

- **c. LEI of Series:** 5299005KKUNRHWK7IH10

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $49790819.09

**Total Liabilities:** $884481.68

**Net Assets:** $48906337.41

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.00%                | 0.00%                | -9.16%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $-4202297.21                               |

### Schedule of Portfolio Investments

| Name   | Title                                        | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A    | Alchemy Insights, Inc.                       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     12480 | NS      | $2496000.00   | 5.10%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A    | Blockchain.com Group Holdings, Inc.          | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |    156250 | NS      | $2500000.00   | 5.11%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A    | BitGo Holdings, Inc.                         | CUSIP: 091947101<br>LEI: N/A | Long             | EC               | CORP              | US        |    125571 | NS      | $1033449.33   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A    | Chainalysis Inc.                             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |    213585 | NS      | $2135850.00   | 4.37%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A    | ConsenSys Software Inc.                      | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     57735 | NS      | $1645447.50   | 3.36%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A    | Figment Inc.                                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |    952381 | NS      | $2000000.10   | 4.09%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A    | Fireblocks Ltd.                              | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |    192654 | NS      | $1107760.50   | 2.27%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A    | First American US Treasury Money Market Fund | CUSIP: 31846V153<br>LEI: N/A | Long             | STIV             | RF                | US        |  15049802 | NS      | $15049801.51  | 30.77%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A    | Payward Inc. (Kraken)                        | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     56819 | NS      | $2215941.00   | 4.53%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A    | Payward Inc. (Kraken), Series A              | CUSIP: N/A<br>LEI: N/A       | Long             | EP               | CORP              | US        |    166669 | NS      | $6500091.00   | 13.29%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A    | Ripple Labs Inc., Series A                   | CUSIP: N/A<br>LEI: N/A       | Long             | EP               | CORP              | US        |     66667 | NS      | $10000050.00  | 20.45%            |  |  |  | No            |                  3 | On Loan: No      |
| N/A    | Uphold Ltd.                                  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |    200000 | NS      | $600000.00    | 1.23%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A    | Uphold Ltd., Series B-3                      | CUSIP: N/A<br>LEI: N/A       | Long             | EP               | CORP              | US        |    154221 | NS      | $485796.15    | 0.99%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A    | Uphold Ltd., Series C                        | CUSIP: N/A<br>LEI: N/A       | Long             | EP               | CORP              | US        |    354010 | NS      | $1115131.50   | 2.28%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A    | Ripple Labs, Inc.                            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |      5405 | NS      | $810750.00    | 1.66%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** C1 Fund Inc.

**Signature:** David Hytha

**Name of Signer:** David Hytha

**Title:** Chief Financial Officer