# EDGAR Filing Document

**Accession Number:** 0001557265
**File Stem:** 0000926877-26-000030
**Filing Date:** 2026-3
**Character Count:** 86765
**Document Hash:** 829e290976bed1923f91e92fd3b849c4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000926877-26-000030.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000926877-26-000030

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Private Shares Fund
- **CENTRAL INDEX KEY:** 0001557265

**ORGANIZATION NAME:**
- **EIN:** 460883651
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22759
- **FILM NUMBER:** 26704907

**BUSINESS ADDRESS:**
- **STREET 1:** 88 PINE STREET
- **STREET 2:** 31ST FLOOR, SUITE 3101
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005
- **BUSINESS PHONE:** 800-279-7754

**MAIL ADDRESS:**
- **STREET 1:** 88 PINE STREET
- **STREET 2:** 31ST FLOOR, SUITE 3101
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SharesPost 100 Fund
- **DATE OF NAME CHANGE:** 20130403

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SharesPost 100 Fund LLC
- **DATE OF NAME CHANGE:** 20120830

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** The Private Shares Fund

- **b. Investment Company Act file number:** 811-22759

- **c. CIK number of Registrant:** 0001557265

- **d. LEI of Registrant:** 549300J800LUHSXGST12

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

  - **Street Address 1:** 88 PINE STREET

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10005

  - **Telephone number:** 8008348707

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

- **a. Name of Series:** The Private Shares Fund

- **c. LEI of Series:** 549300J800LUHSXGST12

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $1112878002.92

**Total Liabilities:** $847804.10

**Net Assets:** $1112030198.82

**Cash Not Reported:** $737771.22

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.57%                | -0.53%               | 9.85%                |
| Class ID N/A | 1.59%                | -0.52%               | 9.85%                |
| Class ID N/A | 1.55%                | -0.54%               | 9.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1290973.28             | $18670458.52                               |
| Month 2  | $2289625.67              | $-5793052.17                               |
| Month 3  | $9742960.95              | $95272586.77                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEXTROLL, INC. COMMON SHARES   /                                                                                                                    | NEXTROLL, INC. COMMON SHARES   /                                                                                                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2367054 | NS      | $15693568.02  | 1.41%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARCTIC WOLF NETWORKS, INC. COMMON SHARES   /                                                                                                        | ARCTIC WOLF NETWORKS, INC. COMMON SHARES   /                                                                                                        | CUSIP: 48135Z190<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2072651 | NS      | $25991043.54  | 2.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AUTOMATION ANYWHERE, INC. COMMON SHARES   /                                                                                                         | AUTOMATION ANYWHERE, INC. COMMON SHARES   /                                                                                                         | CUSIP: 05329Z196<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    189449 | NS      | $1983531.03   | 0.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AXIOM SPACE COMMON SHARES   /                                                                                                                       | AXIOM SPACE COMMON SHARES   /                                                                                                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5852 | NS      | $726233.26    | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AXIOM SPACE PREFERRED B   /                                                                                                                         | AXIOM SPACE PREFERRED B   /                                                                                                                         | CUSIP: 05462Z912<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     32221 | NS      | $3998626.42   | 0.36%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AXIOM SPACE PREFERRED C1   /                                                                                                                        | AXIOM SPACE PREFERRED C1   /                                                                                                                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    108731 | NS      | $13493518.19  | 1.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AXIOM SPACE FOUNDER A PREFERRED   /                                                                                                                 | AXIOM SPACE FOUNDER A PREFERRED   /                                                                                                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     13071 | NS      | $1622111.23   | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AXIOM SPACE FOUNDER B PREFERRED   /                                                                                                                 | AXIOM SPACE FOUNDER B PREFERRED   /                                                                                                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     10620 | NS      | $1317942.11   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BRAIN CORPORATION COMMON SHARES   /                                                                                                                 | BRAIN CORPORATION COMMON SHARES   /                                                                                                                 | CUSIP: 10502Z195<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2375000 | NS      | $13395000.00  | 1.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Beta Technologies Inc                                                                                                                               | Beta Technologies, Inc., Class A                                                                                                                    | CUSIP: 086921103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    748014 | NS      | $21101474.94  | 1.90%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BETTERMENT HOLDINGS, INC. COMMON SHARES   /                                                                                                         | BETTERMENT HOLDINGS, INC. COMMON SHARES   /                                                                                                         | CUSIP: 08809Z199<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1457800 | NS      | $24622242.00  | 2.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BETTERMENT HOLDINGS, INC. PERFERRED SERIES F   /                                                                                                    | BETTERMENT HOLDINGS, INC. PERFERRED SERIES F   /                                                                                                    | CUSIP: 08807Z191<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    318380 | NS      | $5377438.20   | 0.48%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CEREBRAS SYSTEMS INC. COMMON SHARES   /                                                                                                             | CEREBRAS SYSTEMS INC. COMMON SHARES   /                                                                                                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    309813 | NS      | $11225268.54  | 1.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CHECKR, INC. PREFERRED A-1   /                                                                                                                      | CHECKR, INC. PREFERRED A-1   /                                                                                                                      | CUSIP: 16289Z910<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    150000 | NS      | $1891500.00   | 0.17%             |  |  |  | Yes           |                  3 | On Loan: No      |
| STAGE 1 GROWTH FUND, LLC, SERIES CiBO (INVESTED IN CIBO TECHNOLOGIES, INC., PREFERRED SERIES C1)                                                    | STAGE 1 GROWTH FUND, LLC, SERIES CiBO (INVESTED IN CIBO TECHNOLOGIES, INC., PREFERRED SERIES C1)                                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |   1298566 | NS      | $3116558.40   | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CLICK THERAPEUTICS C COMMON SHARES   /                                                                                                              | CLICK THERAPEUTICS C COMMON SHARES   /                                                                                                              | CUSIP: 18681Z910<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1000000 | NS      | $4967100.00   | 0.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CLICK THERAPEUTICS PREFERRED A   /                                                                                                                  | CLICK THERAPEUTICS PREFERRED A   /                                                                                                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     60087 | NS      | $298458.14    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DATAMINR SERIES C   /                                                                                                                               | DATAMINR SERIES C   /                                                                                                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    586370 | NS      | $19150844.20  | 1.72%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DEVOTED HEALTH COMMON SHARES   /                                                                                                                    | DEVOTED HEALTH COMMON SHARES   /                                                                                                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    177776 | NS      | $11999880.00  | 1.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DEVOTED HEALTH PREFERRED E SHARES   /                                                                                                               | DEVOTED HEALTH PREFERRED E SHARES   /                                                                                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      8888 | NS      | $599940.00    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GSV ERS LP (INVESTED IN ERUDITUS LEARNING SOLUTIONS PTE., LTD. COMMON STOCK)                                                                        | GSV ERS LP (INVESTED IN ERUDITUS LEARNING SOLUTIONS PTE., LTD. COMMON STOCK)                                                                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | SG        |     36264 | NS      | $4092755.04   | 0.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EXCALIBUR AGGREGATOR L.P. COMMON SHARES   /                                                                                                         | EXCALIBUR AGGREGATOR L.P. COMMON SHARES   /                                                                                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |     47858 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EXCALIBUR AGGREGATOR L.P. SERIES A   /                                                                                                              | EXCALIBUR AGGREGATOR L.P. SERIES A   /                                                                                                              | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |     80000 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EXCALIBUR COMBINEDCO L.P. CLASS A   /                                                                                                               | EXCALIBUR COMBINEDCO L.P. CLASS A   /                                                                                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |       194 | NS      | $193857.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FARMERS BUSINESS NETWORK, INC. COMMON   /                                                                                                           | FARMERS BUSINESS NETWORK, INC. COMMON   /                                                                                                           | CUSIP: 30960Z198<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87500 | NS      | $334250.00    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FARMERS BUSINESS 15% 9/28/25   /                                                                                                                    | FARMERS BUSINESS 15% 9/28/25   /                                                                                                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $350000.00    | 0.03%             | 2026-09-28      | Fixed         | 15.00%                | Yes           |                  3 | On Loan: No      |
| FARMERS BUSINESS NETWORK, INC. PREFERRED   /                                                                                                        | FARMERS BUSINESS NETWORK, INC. PREFERRED   /                                                                                                        | CUSIP: 30247Z193<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    160880 | NS      | $4486943.20   | 0.40%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FLEXPORT, Inc. COMMON SHARES   /                                                                                                                    | FLEXPORT, Inc. COMMON SHARES   /                                                                                                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    538387 | NS      | $2374286.67   | 0.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FLEXPORT, Inc. SERIES A   /                                                                                                                         | FLEXPORT, Inc. SERIES A   /                                                                                                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    580165 | NS      | $2558527.65   | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FLEXPORT, Inc. SERIES B-1   /                                                                                                                       | FLEXPORT, Inc. SERIES B-1   /                                                                                                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     69790 | NS      | $307773.90    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FLEXPORT, Inc. SERIES D-3   /                                                                                                                       | FLEXPORT, Inc. SERIES D-3   /                                                                                                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     82613 | NS      | $442805.68    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FUNDBOX LTD. SHARES   /                                                                                                                             | FUNDBOX LTD. SHARES   /                                                                                                                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | IL        |    439552 | NS      | $5050452.48   | 0.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FUNDBOX LTD. PREFERRED   /                                                                                                                          | FUNDBOX LTD. PREFERRED   /                                                                                                                          | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | IL        |    531914 | NS      | $6835094.90   | 0.61%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IRVING INVESTORS PRIVATES OSC XXXVIII, LLC (INVESTED IN 1661, INC. (D.B.A GOAT), 15% CS, 13% PS A-1, 0% PS A-5, 17% PS A-7, 27% PS B, and 28% PS C) | IRVING INVESTORS PRIVATES OSC XXXVIII, LLC (INVESTED IN 1661, INC. (D.B.A GOAT), 15% CS, 13% PS A-1, 0% PS A-5, 17% PS A-7, 27% PS B, and 28% PS C) | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |    859200 | NS      | $2259696.00   | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GRUBMARKET, INC.    /                                                                                                                               | GRUBMARKET, INC.    /                                                                                                                               | CUSIP: 40013Z913<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    440742 | NS      | $11865590.01  | 1.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GRUBMARKET, INC. PREFERRED E SHARES   /                                                                                                             | GRUBMARKET, INC. PREFERRED E SHARES   /                                                                                                             | CUSIP: GRUB1Z199<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1520838 | NS      | $40943772.51  | 3.68%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GRUBMARKET, INC. PREFERRED F SHARES   /                                                                                                             | GRUBMARKET, INC. PREFERRED F SHARES   /                                                                                                             | CUSIP: GRUB2Z198<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    697526 | NS      | $18778690.34  | 1.69%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HYDROW, INC. COMMON SHARES   /                                                                                                                      | HYDROW, INC. COMMON SHARES   /                                                                                                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |  14172560 | NS      | $473363.50    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PAYWARD, INC. (D.B.A. KRAKEN) PREFERRED A SHARES   /                                                                                                | PAYWARD, INC. (D.B.A. KRAKEN) PREFERRED A SHARES   /                                                                                                | CUSIP: 50075Z198<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    262210 | NS      | $16118048.70  | 1.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PAYWARD, INC. (D.B.A. KRAKEN) SERIES SEED   /                                                                                                       | PAYWARD, INC. (D.B.A. KRAKEN) SERIES SEED   /                                                                                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     67000 | NS      | $4118490.00   | 0.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LOADSMART, INC. SERIES D PREFERRED   /                                                                                                              | LOADSMART, INC. SERIES D PREFERRED   /                                                                                                              | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    500000 | NS      | $8325000.00   | 0.75%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NEUTRON HOLDINGS, INC. (D.B.A. LIME) 4% 5/27/2027 CONV   /                                                                                          | NEUTRON HOLDINGS, INC. (D.B.A. LIME) 4% 5/27/2027 CONV   /                                                                                          | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10418495 | PA      | $1417452.20   | 0.13%             | 2027-06-01      | Fixed         | 4.00%                 | Yes           |                  3 | On Loan: No      |
| RELATIVITY SPACE, INC. COMMON SHARES   /                                                                                                            | RELATIVITY SPACE, INC. COMMON SHARES   /                                                                                                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12165 | NS      | $51882.51     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RELATIVITY SPACE, INC. PREFERRED SERIES 1A  /                                                                                                       | RELATIVITY SPACE, INC. PREFERRED SERIES 1A  /                                                                                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1172360 | NS      | $4999998.16   | 0.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RELATIVITY SPACE, INC. PREFERRED SERIES Z   /                                                                                                       | RELATIVITY SPACE, INC. PREFERRED SERIES Z   /                                                                                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      9999 | NS      | $9999000.00   | 0.90%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ROOFSTOCK, INC. COMMON SHARES   /                                                                                                                   | ROOFSTOCK, INC. COMMON SHARES   /                                                                                                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    127231 | NS      | $1122177.42   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ROOFSTOCK, INC. SERIES E PREFERRED SHARES   /                                                                                                       | ROOFSTOCK, INC. SERIES E PREFERRED SHARES   /                                                                                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    339154 | NS      | $6725423.82   | 0.60%             |  |  |  | Yes           |                  3 | On Loan: No      |
| UMB MONEY MARKET II SPECIAL   /                                                                                                                     | UMB MONEY MARKET II SPECIAL   /                                                                                                                     | CUSIP: SF8888628<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  42125946 | PA      | $42125945.55  | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SNYK LTD. COMMON SHARES   /                                                                                                                         | SNYK LTD. COMMON SHARES   /                                                                                                                         | CUSIP: 37512Z196<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    392707 | NS      | $3616831.47   | 0.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SPACE EXPLORATION TECHNOLOGIES CORP. COMMON SHARES   /                                                                                              | SPACE EXPLORATION TECHNOLOGIES CORP. COMMON SHARES   /                                                                                              | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    360330 | NS      | $151698930.00 | 13.64%            |  |  |  | Yes           |                  3 | On Loan: No      |
| TEALIUM INC. COMMON SHARES   /                                                                                                                      | TEALIUM INC. COMMON SHARES   /                                                                                                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200000 | NS      | $2998000.00   | 0.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| THOUGHTSPOT COMMON COMMON SHARES   /                                                                                                                | THOUGHTSPOT COMMON COMMON SHARES   /                                                                                                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    162087 | NS      | $4340689.86   | 0.39%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TMGCORE, Inc. 4% 8/11/2026   /                                                                                                                      | TMGCORE, Inc. 4% 8/11/2026   /                                                                                                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10476362 | PA      | $10485546.65  | 0.94%             | 2028-09-30      | Fixed         | 4.00%                 | Yes           |                  3 | On Loan: No      |
| TANIUM INC. COMMON SHARES   /                                                                                                                       | TANIUM INC. COMMON SHARES   /                                                                                                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    640000 | NS      | $5043200.00   | 0.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| STAGE 1 GROWTH FUND, LLC SERIES WITRICITY HOLDINGS (INVESTED IN WITRICITY HOLDINGS, INC. COMMON STOCK)                                              | STAGE 1 GROWTH FUND, LLC SERIES WITRICITY HOLDINGS (INVESTED IN WITRICITY HOLDINGS, INC. COMMON STOCK)                                              | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |    166667 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WITRICITY HOLDINGS, INC. PREFERRED SERIES A   /                                                                                                     | WITRICITY HOLDINGS, INC. PREFERRED SERIES A   /                                                                                                     | CUSIP: 97746Z198<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1000000 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| WITRICITY HOLDINGS, INC. PREFERRED SERIES B   /                                                                                                     | WITRICITY HOLDINGS, INC. PREFERRED SERIES B   /                                                                                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    333253 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GROUNDTRUTH, INC. COMMON SHARES                                                                                                                     | GROUNDTRUTH, INC. COMMON SHARES                                                                                                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1659427 | NS      | $564205.18    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CONTENT SQUARE SAS SERIES F PREFERRED   /                                                                                                           | CONTENT SQUARE SAS SERIES F PREFERRED   /                                                                                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | FR        |    182946 | NS      | $2486236.14   | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CARBON, INC. COMMON SHARES   /                                                                                                                      | CARBON, INC. COMMON SHARES   /                                                                                                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    158853 | NS      | $320849.70    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Circle Internet Group Inc                                                                                                                           | Circle Internet Group, Inc.                                                                                                                         | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |    130000 | NS      | $10309000.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CROSSOVER HEALTH MANAGEMENT SERVICES, INC. PREFERRED CLASS D   /                                                                                    | CROSSOVER HEALTH MANAGEMENT SERVICES, INC. PREFERRED CLASS D   /                                                                                    | CUSIP: 22789Z194<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    303329 | NS      | $16677028.42  | 1.50%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DEVOTED HEALTH PREFERRED PRIME SHARES   /                                                                                                           | DEVOTED HEALTH PREFERRED PRIME SHARES   /                                                                                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     44444 | NS      | $2999970.00   | 0.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EPIC GAMES COMMON SHARES   /                                                                                                                        | EPIC GAMES COMMON SHARES   /                                                                                                                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17168 | NS      | $13073775.36  | 1.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EQUIPMENTSHARE.COM INC. COMMON SHARES   /                                                                                                           | EQUIPMENTSHARE.COM INC. COMMON SHARES   /                                                                                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    694800 | NS      | $21378996.00  | 1.92%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EQUIPMENTSHARE.COM INC. PREFERRED SERIES E   /                                                                                                      | EQUIPMENTSHARE.COM INC. PREFERRED SERIES E   /                                                                                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    323064 | NS      | $9940679.28   | 0.89%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IMPOSSIBLE FOODS COMMON SHARES   /                                                                                                                  | IMPOSSIBLE FOODS COMMON SHARES   /                                                                                                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    373248 | NS      | $1254113.28   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IMPOSSIBLE FOODS SERIES E-1 PREFERRED   /                                                                                                           | IMPOSSIBLE FOODS SERIES E-1 PREFERRED   /                                                                                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    400000 | NS      | $3244000.00   | 0.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KHOSLA VENTURES IFSPV II-B, LLC (INVESTED IN IMPOSSIBLE FOODS, INC., 74.2% PREFERRED SERIES H-1 AND 25.8% PREFERRED SERIES H-2)                     | KHOSLA VENTURES IFSPV II-B, LLC (INVESTED IN IMPOSSIBLE FOODS, INC., 74.2% PREFERRED SERIES H-1 AND 25.8% PREFERRED SERIES H-2)                     | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |    206883 | NS      | $2933600.94   | 0.26%             |  |  |  | Yes           |                  3 | On Loan: No      |
| INRIX, Inc.. CLASS C    /                                                                                                                           | INRIX, Inc.. CLASS C    /                                                                                                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133238 | NS      | $4608702.42   | 0.41%             |  |  |  | Yes           |                  3 | On Loan: No      |
| STAGE 1 GROWTH FUND, LLC, SERIES INVAIO (INVAIO SCIENCES, INC., PREFERRED SERIES C)                                                                 | STAGE 1 GROWTH FUND, LLC, SERIES INVAIO (INVAIO SCIENCES, INC., PREFERRED SERIES C)                                                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |   1061390 | NS      | $5222038.80   | 0.47%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MOTIVE TECHNOLOGIES, INC. COMMON SHARES   /                                                                                                         | MOTIVE TECHNOLOGIES, INC. COMMON SHARES   /                                                                                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    788562 | NS      | $9036920.52   | 0.81%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MOTIVE TECHNOLOGIES, INC. 18% 5/20/32   /                                                                                                           | MOTIVE TECHNOLOGIES, INC. 18% 5/20/32   /                                                                                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $3600000.00   | 0.32%             | 2032-05-20      | Fixed         | 18.00%                | Yes           |                  3 | On Loan: No      |
| MOTIVE TECHNOLOGIES, INC. SERIES E PREFERRED   /                                                                                                    | MOTIVE TECHNOLOGIES, INC. SERIES E PREFERRED   /                                                                                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    106006 | NS      | $1214828.76   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MOTIVE TECHNOLOGIES, INC. SERIES F PREFERRED   /                                                                                                    | MOTIVE TECHNOLOGIES, INC. SERIES F PREFERRED   /                                                                                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    319105 | NS      | $3656943.30   | 0.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MOTIVE TECHNOLOGIES, INC. SERIES E PREFERRED   /                                                                                                    | MOTIVE TECHNOLOGIES SERIES E PREFERRED   /                                                                                                          | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    532837 | NS      | $6106312.02   | 0.55%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MOTIVE TECHNOLOGIES, INC.  SERIES F PREFERRED   /                                                                                                   | MOTIVE TECHNOLOGIES SERIES F PREFERRED   /                                                                                                          | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1603971 | NS      | $18381507.66  | 1.65%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PAYWARD, INC. (D.B.A. KRAKEN) COMMON SHARES   /                                                                                                     | PAYWARD, INC. (D.B.A. KRAKEN) COMMON SHARES   /                                                                                                     | CUSIP: 50077Z196<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    105218 | NS      | $6467750.46   | 0.58%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NEUTRON HOLDINGS, INC. (D.B.A. LIME) 4% 10/29/2025 CONV   /                                                                                         | NEUTRON HOLDINGS, INC. (D.B.A. LIME) 4% 10/29/2025 CONV   /                                                                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $22588156.43  | 2.03%             | 2026-10-29      | Variable      | 8.00%                 | Yes           |                  3 | On Loan: No      |
| NEUTRON HOLDINGS, INC. (D.B.A. LIME) WARRANTS   /                                                                                                   | NEUTRON HOLDINGS, INC. (D.B.A. LIME) WARRANTS   /                                                                                                   | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |   1016483 | NC      | $103782.91    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NEUTRON HOLDINGS, INC. (D.B.A. LIME) PREFERRED D SHARES   /                                                                                         | NEUTRON HOLDINGS, INC. (D.B.A. LIME) PREFERRED D SHARES   /                                                                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |  20618556 | NS      | $2301030.85   | 0.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LOOKOUT,, Inc. COMMON SHARES   /                                                                                                                    | LOOKOUT,, Inc. COMMON SHARES   /                                                                                                                    | CUSIP: 123LLL197<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1869160 | NS      | $10523370.80  | 0.95%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Trax Ltd. COMMON SHARES   /                                                                                                                         | Trax Ltd. COMMON SHARES   /                                                                                                                         | CUSIP: 87262Z912<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    149970 | NS      | $1696160.70   | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Trax Ltd. PRE IPO SHARES   /                                                                                                                        | Trax Ltd. PRE IPO SHARES   /                                                                                                                        | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |     76722 | NS      | $2623125.18   | 0.24%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TRUSPER INC. (D.B.A. MUSELY)    /                                                                                                                   | TRUSPER INC. (D.B.A. MUSELY)    /                                                                                                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      7961 | NS      | $167817.88    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TRADESHIFT HOLDINGS INC. 12% 4/3/2025   /                                                                                                           | TRADESHIFT HOLDINGS INC. 12% 4/3/2025   /                                                                                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2227053 | PA      | $2227052.70   | 0.20%             | 2026-07-31      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| TRADESHIFT HOLDINGS INC. 0% 9/5/2026   /                                                                                                            | TRADESHIFT HOLDINGS INC. 0% 9/5/2026   /                                                                                                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $500000.00    | 0.04%             | 2027-09-13      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| TRADESHIFT HOLDINGS INC.  WARRANTS   /                                                                                                              | TRADESHIFT HOLDINGS INC.  WARRANTS   /                                                                                                              | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    213797 | NC      | $136958.36    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TRADESHIFT HOLDINGS INC. WARRANTS   /                                                                                                               | TRADESHIFT HOLDINGS INC. WARRANTS   /                                                                                                               | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    427594 | NC      | $273916.72    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TRADESHIFT HOLDINGS INC. WARRANTS   /                                                                                                               | TRADESHIFT HOLDINGS INC. WARRANTS   /                                                                                                               | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    213797 | NC      | $136958.36    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TRADESHIFT HOLDINGS INC. PREFERRED SERIES 3   /                                                                                                     | TRADESHIFT HOLDINGS INC. PREFERRED SERIES 3   /                                                                                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |  28797969 | NS      | $41469075.36  | 3.73%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TURO INC. PREF D1 TURO PREF D1   /                                                                                                                  | TURO INC. PREF D1 TURO PREF D1   /                                                                                                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    314017 | NS      | $6842430.43   | 0.62%             |  |  |  | Yes           |                  3 | On Loan: No      |
| UPGRADE, Inc. COMMON SHARES   /                                                                                                                     | UPGRADE, Inc. COMMON SHARES   /                                                                                                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1861053 | NS      | $10938525.11  | 0.98%             |  |  |  | Yes           |                  3 | On Loan: No      |
| UPGRADE, Inc. PREFERRED SERIES C-1   /                                                                                                              | UPGRADE, Inc. PREFERRED SERIES C-1   /                                                                                                              | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   3290000 | NS      | $19337304.00  | 1.74%             |  |  |  | Yes           |                  3 | On Loan: No      |
| VERBIT, INC. PREFERRED SERIES A   /                                                                                                                 | VERBIT, INC. PREFERRED SERIES A   /                                                                                                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     47640 | NS      | $148636.80    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| VERBIT, INC. PREFERRED SERIES B   /                                                                                                                 | VERBIT, INC. PREFERRED SERIES B   /                                                                                                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    288180 | NS      | $899121.60    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| VERBIT, INC. PREFERRED SERIES E-1   /                                                                                                               | VERBIT, INC. PREFERRED SERIES E-1   /                                                                                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    423720 | NS      | $3906698.40   | 0.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| VERBIT, INC.  PREFERRED SERIES SEED 2   /                                                                                                           | VERBIT, INC.  PREFERRED SERIES SEED 2   /                                                                                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     65000 | NS      | $202800.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Voyager Technologies Inc                                                                                                                            | Voyager Technologies, Inc., Class A                                                                                                                 | CUSIP: 92892B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    544823 | NS      | $14241673.22  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GROUNDTRUTH, INC. PREFERRED B1 PREFERRED B-1 SHARES   /                                                                                             | GROUNDTRUTH, INC. PREFERRED B1 PREFERRED B-1 SHARES   /                                                                                             | CUSIP: 70590Z929<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    600000 | NS      | $204000.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HOF CAPITAL WH STRATEGIC OPPORTUNITIES FUND, LP (INVESTED IN X.AI, CORP., PREFERRED SERIES B)                                                       | HOF CAPITAL WH STRATEGIC OPPORTUNITIES FUND, LP (INVESTED IN X.AI, CORP., PREFERRED SERIES B)                                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |    267335 | NS      | $20173099.10  | 1.81%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LOOKOUT, Inc.    /                                                                                                                                  | LOOKOUT, Inc.    /                                                                                                                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    204000 | NS      | $1148520.00   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| YANKA INDUSTRIES, INC. (D.B.A. MASTERCLASS) SERIES 1 PREFERRED SHARES   /                                                                           | YANKA INDUSTRIES, INC. (D.B.A. MASTERCLASS) SERIES 1 PREFERRED SHARES   /                                                                           | CUSIP: 57633Z198<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    193100 | NS      | $1307287.00   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NANOTRONICS IMAGING COMMON SHARES   /                                                                                                               | NANOTRONICS IMAGING COMMON SHARES   /                                                                                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76504 | NS      | $18660090.64  | 1.68%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CLEARMOTION PREFERRED A-3   /                                                                                                                       | CLEARMOTION PREFERRED A-3   /                                                                                                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   2075885 | NS      | $515649.83    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CLEARMOTION PREFERRED A-4   /                                                                                                                       | CLEARMOTION PREFERRED A-4   /                                                                                                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |  12954589 | NS      | $3217919.91   | 0.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CLEARMOTION PREFERRED B   /                                                                                                                         | CLEARMOTION PREFERRED B   /                                                                                                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   2484760 | NS      | $617214.38    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NANOTRONICS IMAGING 5% 4/25/2025   /                                                                                                                | NANOTRONICS IMAGING 5% 4/25/2025   /                                                                                                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3589132.04   | 0.32%             | 2026-04-25      | Fixed         | 5.00%                 | Yes           |                  3 | On Loan: No      |
| NANOTRONICS IMAGING Series E   /                                                                                                                    | NANOTRONICS IMAGING Series E   /                                                                                                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      2469 | NS      | $602213.79    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NANOTRONICS IMAGING, INC. PREFERRED SERIES F-2   /                                                                                                  | NANOTRONICS IMAGING, INC. PREFERRED SERIES F-2   /                                                                                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     90888 | NS      | $22168492.08  | 1.99%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NORTHGATE GROWTH FUND III   /                                                                                                                       | NORTHGATE GROWTH FUND III   /                                                                                                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |   5000000 | NS      | $6010173.00   | 0.54%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KVC SELECT, LLC (INVESTED IN OCROLUS, INC., PREFERRED SERIES C)                                                                                     | KVC SELECT, LLC (INVESTED IN OCROLUS, INC., PREFERRED SERIES C)                                                                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |    438327 | NS      | $2932407.63   | 0.26%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Omada Health Inc                                                                                                                                    | Omada Health, Inc.                                                                                                                                  | CUSIP: 68170A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    219800 | NS      | $3468444.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| OPENX SOFTWARE LTD. COMMON   /                                                                                                                      | OPENX SOFTWARE LTD. COMMON   /                                                                                                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |   2899297 | NS      | $3102247.79   | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TEBRA TECHNOLOGIES, INC. (F.K.A. KAREO, INC.) COMMON SHARES   /                                                                                     | TEBRA TECHNOLOGIES, INC. (F.K.A. KAREO, INC.) COMMON SHARES   /                                                                                     | CUSIP: 70292Z912<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    190007 | NS      | $342848.63    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| COHERE TECHNOLOGIES, INC. PREFERRED SERIES D-1   /                                                                                                  | COHERE TECHNOLOGIES, INC. PREFERRED SERIES D-1   /                                                                                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    279571 | NS      | $1982158.39   | 0.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| COHERE TECHNOLOGIES, INC. PREFERRED SERIES D-2   /                                                                                                  | COHERE TECHNOLOGIES, INC. PREFERRED SERIES D-2   /                                                                                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    386038 | NS      | $2709986.76   | 0.24%             |  |  |  | Yes           |                  3 | On Loan: No      |
| COLOR HEALTH COMMON SHARES   /                                                                                                                      | COLOR HEALTH COMMON SHARES   /                                                                                                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    139486 | NS      | $1760313.32   | 0.16%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TEBRA TECHNOLOGIES, INC. (F.K.A. KAREO, INC.) SERIES SEED 2   /                                                                                     | TEBRA TECHNOLOGIES, INC. (F.K.A. KAREO, INC.) SERIES SEED 2   /                                                                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    123819 | NS      | $223419.00    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PROSPER MARKETPLACE, INC. PROSPER MARKETPLACE   /                                                                                                   | PROSPER MARKETPLACE, INC. PROSPER MARKETPLACE   /                                                                                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    244130 | NS      | $80562.90     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PROSPER MKT PREF A PROSPER MKT PREF A   /                                                                                                           | PROSPER MKT PREF A PROSPER MKT PREF A   /                                                                                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     55395 | NS      | $22711.95     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PROSPER MKT PREF A 1 PROSPER MKT PREF A 1   /                                                                                                       | PROSPER MKT PREF A 1 PROSPER MKT PREF A 1   /                                                                                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     58165 | NS      | $19194.45     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LEARNEO, INC. COMMON SHARES   /                                                                                                                     | LEARNEO, INC. COMMON SHARES   /                                                                                                                     | CUSIP: 22279Z910<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    270000 | NS      | $5016600.00   | 0.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| COLLECTIVE HEALTH PREFERRED SERIES F   /                                                                                                            | COLLECTIVE HEALTH PREFERRED SERIES F   /                                                                                                            | CUSIP: 19421Z913<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   3989361 | NS      | $2553191.04   | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RADIAN AEROSPACE INC. 10% 8/29/26   /                                                                                                               | RADIAN AEROSPACE INC. 10% 8/29/26   /                                                                                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $400000.00    | 0.04%             | 2026-08-29      | Fixed         | 10.00%                | Yes           |                  3 | On Loan: No      |
| RADIAN AEROSPACE INC. WARRANTS   /                                                                                                                  | RADIAN AEROSPACE INC. WARRANTS   /                                                                                                                  | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    121581 | NC      | $480543.25    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RADIAN AEROSPACE INC. SERIES SEED 2   /                                                                                                             | RADIAN AEROSPACE INC. SERIES SEED 2   /                                                                                                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    607336 | NS      | $2405050.56   | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RIPPLE LABS INC. PREFERRED SHARES A   /                                                                                                             | RIPPLE LABS INC. PREFERRED SHARES A   /                                                                                                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     52372 | NS      | $13093000.00  | 1.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CONSENSYS SOFTWARE INC. COMMON SHARES   /                                                                                                           | CONSENSYS SOFTWARE INC. COMMON SHARES   /                                                                                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    161445 | NS      | $13861667.70  | 1.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PARAFI PRIVATE OPPORTUNITIES, LLC - SERIES J (INVESTED IN CONSENSYS SOFTWARE, INC., PREFERRED SERIES D)                                             | PARAFI PRIVATE OPPORTUNITIES, LLC - SERIES J (INVESTED IN CONSENSYS SOFTWARE, INC., PREFERRED SERIES D)                                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |     35699 | NS      | $4062546.20   | 0.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CONTENT SQUARE SAS COMMON SHARES   /                                                                                                                | CONTENT SQUARE SAS COMMON SHARES   /                                                                                                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |    563854 | NS      | $4679988.20   | 0.42%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MC VALOR SUMMIT 2.0 L.P. (INVESTED IN CRUSOE, INC., PREFERRED SERIES E)                                                                             | MC VALOR SUMMIT 2.0 L.P. (INVESTED IN CRUSOE, INC., PREFERRED SERIES E)                                                                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |     59667 | NS      | $5012520.85   | 0.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CONTRAST SECURITY COMMON SHARES   /                                                                                                                 | CONTRAST SECURITY COMMON SHARES   /                                                                                                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31250 | NS      | $255312.50    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CONTRAST SECURITY PREFERRED SERIES A   /                                                                                                            | CONTRAST SECURITY PREFERRED SERIES A   /                                                                                                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    828514 | NS      | $6768959.38   | 0.61%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CONTRAST SECURITY PREFERRED SERIES C   /                                                                                                            | CONTRAST SECURITY PREFERRED SERIES C   /                                                                                                            | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1164596 | NS      | $9514749.32   | 0.86%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CYBEREASON PREFERRED SERIES F-1   /                                                                                                                 | CYBEREASON PREFERRED SERIES F-1   /                                                                                                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1510600 | NS      | $717246.57    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CYBEREASON PREFERRED SERIES H   /                                                                                                                   | CYBEREASON PREFERRED SERIES H   /                                                                                                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    175604 | NS      | $333647.60    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| TIGER GLOBAL PIP 12-1, LLC (INVESTED IN DATABRICKS, INC., PREFERRED SERIES G)                                                                       | TIGER GLOBAL PIP 12-1, LLC (INVESTED IN DATABRICKS, INC., PREFERRED SERIES G)                                                                       | CUSIP: 123DTB199<br>LEI: N/A                  | Long             |  | CORP              | US        |    182664 | NS      | $34706160.00  | 3.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DISCORD INC. COMMON SHARES   /                                                                                                                      | DISCORD INC. COMMON SHARES   /                                                                                                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45694 | NS      | $14493323.88  | 1.30%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DOCKER COMMON COMMON SHARES   /                                                                                                                     | DOCKER COMMON COMMON SHARES   /                                                                                                                     | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2500 | NS      | $26750.00     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DOMINO DATA LAB, INC. COMMON SHARES   /                                                                                                             | DOMINO DATA LAB, INC. COMMON SHARES   /                                                                                                             | CUSIP: 25756Z196<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    330000 | NS      | $5412000.00   | 0.49%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KVC SELECT, LLC (INVESTED IN DREMIO CORP., 22.3% COMMON STOCK AND 77.7% PREFERRED SERIES E)                                                         | KVC SELECT, LLC (INVESTED IN DREMIO CORP., 22.3% COMMON STOCK AND 77.7% PREFERRED SERIES E)                                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |    636258 | NS      | $4410295.12   | 0.40%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DATAMINR COMMON SHARES   /                                                                                                                          | DATAMINR COMMON SHARES   /                                                                                                                          | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    567043 | NS      | $18519624.38  | 1.67%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DATAMINR 10% 02/28/2030   /                                                                                                                         | DATAMINR 10% 02/28/2030   /                                                                                                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.09%             | 2030-02-28      | Fixed         | 10.00%                | Yes           |                  3 | On Loan: No      |
| DATAMINR SERIES A   /                                                                                                                               | DATAMINR SERIES A   /                                                                                                                               | CUSIP: 23792Z924<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20000 | NS      | $653200.00    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DATAMINR SERIES B   /                                                                                                                               | DATAMINR SERIES B   /                                                                                                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     87496 | NS      | $2857619.36   | 0.26%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MVP OPPORTUNITY FUND VI LLC, SERIES 24G (INVESTED IN X.AI, Corp., PREFERRED SERIES C)                                                               | MVP OPPORTUNITY FUND VI LLC, SERIES 24G (INVESTED IN X.AI, Corp., PREFERRED SERIES C)                                                               | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |     42794 | NS      | $3229235.24   | 0.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| XPLORE, INC. Series A1 Preferred   /                                                                                                                | XPLORE, INC. Series A1 Preferred   /                                                                                                                | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    237524 | NS      | $1250000.93   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ZOCDOC COMMON    /                                                                                                                                  | ZOCDOC COMMON    /                                                                                                                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61016 | NS      | $762089.84    | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ZOCDOC PREFERRED A    /                                                                                                                             | ZOCDOC PREFERRED A    /                                                                                                                             | CUSIP: 999999999<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     35000 | NS      | $437150.00    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SC JAL, LLC (INVESTED IN X.AI, CORP., PREFERRED SERIES B)                                                                                           | SC JAL, LLC (INVESTED IN X.AI, CORP., PREFERRED SERIES B)                                                                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |    147140 | NS      | $11103184.40  | 1.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ARTIST EDGE PARTNERS IV, LP (INVESTED IN DISCORD, INC. COMMON STOCK)                                                                                | ARTIST EDGE PARTNERS IV, LP (INVESTED IN DISCORD, INC. COMMON STOCK)                                                                                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | CORP              | US        |      9091 | NS      | $3599672.36   | 0.32%             |  |  |  | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** The Private Shares Fund

**Signature:** /s/ Kevin Moss

**Name of Signer:** Kevin Moss

**Title:** President