# EDGAR Filing Document

**Accession Number:** 0001867090
**File Stem:** 0001867090-26-000054
**Filing Date:** 2026-6
**Character Count:** 24794
**Document Hash:** 1a54ef76318f59ce1a52d426bb6f9cfa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001867090-26-000054.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0001867090-26-000054

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fundrise Innovation Fund, LLC
- **CENTRAL INDEX KEY:** 0001867090

**ORGANIZATION NAME:**
- **EIN:** 871067031
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23708
- **FILM NUMBER:** 261052117

**BUSINESS ADDRESS:**
- **STREET 1:** 11 DUPONT CIRCLE NW
- **STREET 2:** 9TH FLOOR
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036
- **BUSINESS PHONE:** 202-584-0550

**MAIL ADDRESS:**
- **STREET 1:** 11 DUPONT CIRCLE NW
- **STREET 2:** 9TH FLOOR
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Fundrise Growth Tech Fund, LLC
- **DATE OF NAME CHANGE:** 20220218

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Fundrise Growth Tech Interval Fund, LLC
- **DATE OF NAME CHANGE:** 20210611

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** FUNDRISE INNOVATION FUND, LLC

- **b. Investment Company Act file number:** 811-23708

- **c. CIK number of Registrant:** 0001867090

- **d. LEI of Registrant:** 549300GHPV9TAPWSMX39

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

  - **Street Address 1:** 11 DUPONT CIRCLE NW

  - **City:** WASHINGTON

  - **State:** DC

  - **Foreign country:** US

  - **Zip / Postal Code:** 20036

  - **Telephone number:** 202-584-0550

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

- **a. Name of Series:** FUNDRISE INNOVATION FUND, LLC

- **c. LEI of Series:** 549300GHPV9TAPWSMX39

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

- **a. Date of fiscal year-end:** 2026-03-31

- **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:** $701493299.35

**Total Liabilities:** $22575190.72

**Net Assets:** $678918108.63

**Cash Not Reported:** $75717714.39

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 13.43%               | 0.50%                | 3.89%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $60837195.22                               |
| Month 2  | $116871.68               | $3272844.09                                |
| Month 3  | $331076.79               | $24527255.74                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| QTS Data Centers - BX 2025-VOLT C                              | QTS Data Centers - BX 2025-VOLT C                              | CUSIP: 05619PAE6<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |  10000000 | PA      | $9962320.00   | 1.47%             | 2027-12-15      | Floating      | 6.02%                 | No            | 2                  | On Loan: No      |
| QTS Data Centers - BX 2025-VLT7 D                              | QTS Data Centers - BX 2025-VLT7 D                              | CUSIP: 123913AG0<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |   7000000 | PA      | $6968764.60   | 1.03%             | 2027-07-15      | Floating      | 6.92%                 | No            | 2                  | On Loan: No      |
| QTS Data Centers - BX 2025-VLT7 E                              | QTS Data Centers - BX 2025-VLT7 E                              | CUSIP: 123913AJ4<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |   7000000 | PA      | $6954436.30   | 1.02%             | 2027-07-15      | Floating      | 7.42%                 | No            | 2                  | On Loan: No      |
| QTS Data Centers - BX 2025-VLT6 D                              | QTS Data Centers - BX 2025-VLT6 D                              | CUSIP: 12433KAG2<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |   5000000 | PA      | $4955931.00   | 0.73%             | 2027-03-15      | Floating      | 6.26%                 | No            | 2                  | On Loan: No      |
| QTS Data Centers - BX 2025-VLT6 E                              | QTS Data Centers - BX 2025-VLT6 E                              | CUSIP: 12433KAJ6<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |  10000000 | PA      | $9937832.00   | 1.46%             | 2027-03-15      | Floating      | 6.86%                 | No            | 2                  | On Loan: No      |
| EdgeCore Data Centers - ECORE 2025-1A B                        | EdgeCore Data Centers - ECORE 2025-1A B                        | CUSIP: 268332AB9<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |   6000000 | PA      | $5559655.80   | 0.82%             | 2030-07-25      | Fixed         | 4.55%                 | No            | 2                  | On Loan: No      |
| JP Morgan U.S. Treasury Plus Money Market Fund, Capital Shares | JP Morgan U.S. Treasury Plus Money Market Fund, Capital Shares | CUSIP: 4812C2239<br>LEI: N/A            | Long             | STIV             | RF                | US        |  38310181 | NS      | $38310180.95  | 5.64%             |  |  |  | No            | 1                  | On Loan: No      |
| SWITCH Data Centers - SWCH 2025-DATA E                         | SWITCH Data Centers - SWCH 2025-DATA E                         | CUSIP: 78489CAE9<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |  12500000 | PA      | $12315662.50  | 1.81%             | 2027-02-15      | Floating      | 7.01%                 | No            | 2                  | On Loan: No      |
| 8VC ANSE SPV, LP                                               | 8VC ANSE SPV, LP                                               | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |         1 | OU      | $30231356.00  | 4.45%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Vantage Data Centers - VDCM 2025-AZ D                          | Vantage Data Centers - VDCM 2025-AZ D                          | CUSIP: 91825CAG0<br>LEI: N/A            | Long             | ABS-MBS          |  | US        |   9000000 | PA      | $9096660.00   | 1.34%             | 2030-07-13      | Variable      | 5.81%                 | No            | 2                  | On Loan: No      |
| ACA Projects, Inc. dba Risotto                                 | ACA Projects, Inc. dba Risotto, Series Seed 1 - Preferred      | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     87411 | NS      | $125426.05    | 0.02%             |  |  |  | Yes           | 3                  | On Loan: No      |
| ACA Projects, Inc. dba Risotto                                 | ACA Projects, Inc. dba Risotto, Series Seed 2 - Preferred      | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    261346 | NS      | $375005.38    | 0.06%             |  |  |  | Yes           | 3                  | On Loan: No      |
| AgentHub, Inc. dba Gumloop                                     | AgentHub, Inc. dba Gumloop                                     | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |      4532 | NS      | $21714.17     | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| AI-LLM, LLC                                                    | AI-LLM, LLC                                                    | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |         1 | OU      | $3105000.00   | 0.46%             |  |  |  | Yes           | 3                  | On Loan: No      |
| AI Access 12, LLC                                              | AI Access 12, LLC                                              | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |         1 | OU      | $20000000.00  | 2.95%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Anduril Industries, Inc.                                       | Anduril Industries, Inc.                                       | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     76087 | NS      | $7350006.00   | 1.08%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Anyscale, Inc.                                                 | Anyscale, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    510880 | NS      | $2493722.96   | 0.37%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Canva, Inc.                                                    | Canva, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |      5831 | NS      | $9598642.34   | 1.41%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Carry Technologies, Inc. dba Hightouch                         | Carry Technologies, Inc. dba Hightouch - Common                | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     11717 | NS      | $583168.00    | 0.09%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Carry Technologies, Inc. dba Hightouch                         | Carry Technologies, Inc. dba Hightouch - Preferred             | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |      2010 | NS      | $100040.13    | 0.01%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Databricks, Inc.                                               | Databricks, Inc.                                               | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    122400 | NS      | $23256000.00  | 3.43%             |  |  |  | Yes           | 3                  | On Loan: No      |
| DBH1 LP                                                        | DBH1 LP                                                        | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |         1 | OU      | $72479780.00  | 10.68%            |  |  |  | Yes           | N/A                | On Loan: No      |
| dbt Labs, Inc.                                                 | dbt Labs, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    441177 | NS      | $15000018.00  | 2.21%             |  |  |  | Yes           | 3                  | On Loan: No      |
| DittoLive, Inc.                                                | DittoLive, Inc.                                                | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     73288 | NS      | $999992.78    | 0.15%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Epic Games, Inc.                                               | Epic Games, Inc.                                               | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     42963 | NS      | $19179610.00  | 2.83%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Erebor Bank, N.A.                                              | Erebor Bank, N.A.                                              | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     18679 | NS      | $4999920.01   | 0.74%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Flock Group, Inc.                                              | Flock Group, Inc., Class A First SAFE                          | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    372501 | NS      | $5639080.31   | 0.83%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Flock Group, Inc.                                              | Flock Group, Inc., Class A                                     | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    440000 | NS      | $6660909.20   | 0.98%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Flock Group, Inc.                                              | Flock Group, Inc., Class B                                     | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    631320 | NS      | $9557194.00   | 1.41%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Flock Group, Inc.                                              | Flock Group, Inc., Class C                                     | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    103010 | NS      | $1559410.00   | 0.23%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Promissory Note - Theory Ventures                              | Promissory Note - Theory Ventures                              | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |   5000000 | PA      | $4732076.90   | 0.70%             | 2033-04-28      | Fixed         | 10.00%                | Yes           | 3                  | On Loan: No      |
| HOF Capital AG Follow On, LLC                                  | HOF Capital AG Follow On, LLC                                  | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |         1 | OU      | $36029463.00  | 5.31%             |  |  |  | Yes           | 3                  | On Loan: No      |
| HOF Capital AP Growth, LLC                                     | HOF Capital AP Growth, LLC                                     | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |         1 | OU      | $19548977.00  | 2.88%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Immuta, Inc.                                                   | Immuta, Inc.                                                   | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     80000 | NS      | $1021600.00   | 0.15%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Inspectify, Inc.                                               | Inspectify, Inc.                                               | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |         1 | OU      | $1000000.00   | 0.15%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Inspectify, Inc.                                               | Inspectify, Inc.                                               | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |   1295462 | NS      | $4999965.01   | 0.74%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Intercom, Inc.                                                 | Intercom, Inc. - Common                                        | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     45000 | NS      | $2385000.00   | 0.35%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Intercom, Inc.                                                 | Intercom, Inc. - Preferred                                     | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |      7861 | NS      | $416633.00    | 0.06%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Loyal Animal Health, Inc.                                      | Loyal Animal Health, Inc.                                      | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    779622 | NS      | $9560660.57   | 1.41%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Quiet OA Access LP                                             | Quiet OA Access LP                                             | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |         1 | OU      | $64613489.00  | 9.52%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Luminos, Inc.                                                  | Luminos, Inc., Series Seed 2 - Preferred                       | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    169906 | NS      | $284644.00    | 0.04%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Luminos, Inc.                                                  | Luminos, Inc., Series Seed 1 - Preferred                       | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     47196 | NS      | $79067.46     | 0.01%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Omni Analytics, Inc.                                           | Omni Analytics, Inc.                                           | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     58036 | NS      | $588230.00    | 0.09%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Ramp Business Corp.                                            | Ramp Business Corp. - Common                                   | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     26400 | NS      | $2376000.00   | 0.35%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Ramp Business Corp.                                            | Ramp Business Corp., Series A-2 - Preferred                    | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    148500 | NS      | $13365000.00  | 1.97%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Ramp Business Corp.                                            | Ramp Business Corp., Series C-1 - Preferred                    | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    133333 | NS      | $11999970.00  | 1.77%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Rhino Labs, Inc.                                               | Rhino Labs, Inc., Series D-1                                   | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    169712 | NS      | $141435.00    | 0.02%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Rhino Labs, Inc.                                               | Rhino Labs, Inc., Series P                                     | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     10233 | NS      | $1023348.16   | 0.15%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Rhino Labs, Inc.                                               | Rhino Labs, Inc., Series D-1A                                  | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    299983 | NS      | $250000.00    | 0.04%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Reverse Repo Barclays Bank PLC                                 | Reverse Repo Barclays Bank PLC                                 | CUSIP: N/A<br>LEI: 2549003Q5J2G7ALNU316 | Short            | RA               | CORP              | US        |  -5737500 | PA      | $-5759589.38  | -0.85%            |  |  |  | No            | 2                  | On Loan: No      |
| Reverse Repo Barclays Bank PLC                                 | Reverse Repo Barclays Bank PLC                                 | CUSIP: N/A<br>LEI: 2549003Q5J2G7ALNU316 | Short            | RA               | CORP              | US        |  -5197500 | PA      | $-5217726.94  | -0.77%            |  |  |  | No            | 2                  | On Loan: No      |
| Reverse Repo Barclays Bank PLC                                 | Reverse Repo Barclays Bank PLC                                 | CUSIP: N/A<br>LEI: 2549003Q5J2G7ALNU316 | Short            | RA               | CORP              | US        |  -4882500 | PA      | $-4901907.94  | -0.72%            |  |  |  | No            | 2                  | On Loan: No      |
| SaxeCap Advisors VIII, LP                                      | SaxeCap Advisors VIII, LP                                      | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |         1 | OU      | $56388340.00  | 8.31%             |  |  |  | Yes           | 3                  | On Loan: No      |
| SP Private Investments XIII, LLC                               | SP Private Investments XIII, LLC                               | CUSIP: N/A<br>LEI: N/A                  | Long             |  |  | US        |      5100 | OU      | $26856090.00  | 3.96%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Stripe, Inc.                                                   | Stripe, Inc.                                                   | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |      9804 | NS      | $617652.00    | 0.09%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Stryder Corp. dba Handshake                                    | Stryder Corp. dba Handshake, Series C                          | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |     37525 | NS      | $2814375.00   | 0.41%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Stryder Corp. dba Handshake                                    | Stryder Corp. dba Handshake, Series D                          | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |      8013 | NS      | $600975.00    | 0.09%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Vanta, Inc.                                                    | Vanta, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |    554888 | NS      | $10115608.02  | 1.49%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Visual Layer, Inc.                                             | Visual Layer, Inc.                                             | CUSIP: N/A<br>LEI: N/A                  | Long             |  | CORP              | US        |         1 | OU      | $5000000.00   | 0.74%             |  |  |  | Yes           | 3                  | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** Fundrise Innovation Fund, LLC

**Signature:** /s/ Lauren Stuntebeck

**Name of Signer:** Lauren Stuntebeck

**Title:** Assistant Treasurer