# EDGAR Filing Document

**Accession Number:** 0001030979
**File Stem:** 0001413042-25-000712
**Filing Date:** 2025-8
**Character Count:** 40364
**Document Hash:** 9327eff5ea3396999264800868fd7578
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-25-000712.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001413042-25-000712

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BERKSHIRE FUNDS
- **CENTRAL INDEX KEY:** 0001030979

**ORGANIZATION NAME:**
- **EIN:** 770449050
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08043
- **FILM NUMBER:** 251260274

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BERKSHIRE CAPITAL HOLDINGS INC
- **STREET 2:** 475 MILAN DR SUITE 103
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95134-2453
- **BUSINESS PHONE:** 4085260707

**MAIL ADDRESS:**
- **STREET 1:** C/O BERKSHIRE CAPITAL HOLDINGS INC
- **STREET 2:** 475 MILAN DR SUITE 103
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95134

## Series and Classes Contracts Data

### Berkshire Focus Fund (Series ID: S000004886)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000013240 | Berkshire Focus Fund | BFOCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BERKSHIRE FUNDS

- **b. Investment Company Act file number:** 811-08043

- **c. CIK number of Registrant:** 0001030979

- **d. LEI of Registrant:** 549300UZIBGTF9LU9G83

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

  - **Street Address 1:** 475 MILAN DR

  - **City:** SAN JOSE

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 95134

  - **Telephone number:** 408-526-0707

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

- **a. Name of Series:** Berkshire Focus Fund

- **b. EDGAR series identifier (if any):** S000004886

- **c. LEI of Series:** 549300BD56ZHV7PSRS31

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $310341589.18

**Total Liabilities:** $24410049.08

**Net Assets:** $285931540.10

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013240 | 6.93%                | 16.75%               | 15.57%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-10679420.20            | $25247908.85                               |
| Month 2  | $18787861.84             | $17550626.43                               |
| Month 3  | $32576289.09             | $7147685.52                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NVIDIA Corp.                                              | NVIDIA Corp.                                          | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    313620 | NS      | $49548823.80  | 17.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare, Inc.                                          | Cloudflare, Inc. (Class A)                            | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |    102230 | NS      | $20019700.90  | 7.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Company Ltd.           | Taiwan Semiconductor Manufacturing Company Ltd. - ADR | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     88050 | NS      | $19942444.50  | 6.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies, Inc.                               | Palantir Technologies, Inc. (Class A)                 | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    125480 | NS      | $17105433.60  | 5.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global, Inc.                                     | Coinbase Global, Inc. (Class A)                       | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |     47830 | NS      | $16763936.70  | 5.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets, Inc.                                   | Robinhood Markets, Inc. (Class A)                     | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |    152640 | NS      | $14291683.20  | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash, Inc.                                            | DoorDash, Inc. (Class A)                              | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     57790 | NS      | $14245812.90  | 4.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                                      | Meta Platforms, Inc. (Class A)                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     19240 | NS      | $14200851.60  | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings, Inc.                                     | Affirm Holdings, Inc. (Class A)                       | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    203600 | NS      | $14076904.00  | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corporation                                      | AppLovin Corporation (Class A)                        | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     32810 | NS      | $11486124.80  | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Roku, Inc.                                                | Roku, Inc. (Class A)                                  | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |    130380 | NS      | $11459098.20  | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co.                                       | Vertiv Holdings Co. (Class A)                         | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     88860 | NS      | $11410512.60  | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit, Inc.                                              | Reddit, Inc. (Class A)                                | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74930 | NS      | $11282210.10  | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc.                                             | Broadcom Inc.                                         | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     31410 | NS      | $8658166.50   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake, Inc.                                           | Snowflake, Inc. (Class A)                             | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     38280 | NS      | $8565915.60   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Micro Strategy Incorporated                               | Micro Strategy, Inc. (Class A)                        | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |     21140 | NS      | $8545422.20   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd                        | Credo Technology Group Holding Ltd (Cayman Islands)   | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     90240 | NS      | $8355321.60   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices, Inc.                              | Advanced Micro Devices, Inc.                          | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     58500 | NS      | $8301150.00   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Scientific, Inc.                                     | Core Scientific, Inc.                                 | CUSIP: 21874A106<br>LEI: 549300NY2WTA02KF7L12 | Long             | EC               | CORP              | US        |    341770 | NS      | $5834013.90   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreWeave, Inc.                                           | CoreWeave, Inc. (Class A)                             | CUSIP: 218735108<br>LEI: 984500511DP2B6186053 | Long             | EC               | CORP              | US        |     35180 | NS      | $5736450.80   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc.                                | Circle Internet Group Inc. (Class A)                  | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |     31550 | NS      | $5719699.50   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc.                                     | Booking Holdings Inc.                                 | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |        10 | NS      | $57892.40     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre, Inc.                                        | MercadoLibre, Inc. (Argentina)                        | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |        10 | NS      | $26136.30     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                             | Netflix, Inc.                                         | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |        10 | NS      | $13391.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow, Inc.                                          | ServiceNow, Inc.                                      | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |        10 | NS      | $10280.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corporation                                           | KLA Corporation                                       | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |        10 | NS      | $8957.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise, Inc.                                     | Axon Enterprise, Inc.                                 | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |        10 | NS      | $8279.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                         | ASML Holding N.V. - ADR                               | CUSIP: N07059111<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |        10 | NS      | $8013.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                              | Intuit, Inc.                                          | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |        10 | NS      | $7876.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly and Company                                     | Eli Lilly and Company                                 | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |        10 | NS      | $7795.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology S.A.                                   | Spotify Technology S.A. (Luxembourg)                  | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |        10 | NS      | $7673.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems, Inc.                            | Monolithic Power Systems, Inc.                        | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |        10 | NS      | $7313.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubspot, Inc.                                             | HubSpot, Inc.                                         | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |        10 | NS      | $5566.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust Series 1                                | Invesco QQQ ETF                                       | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Long             | EC               | RF                | US        |        10 | NS      | $5516.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc.                                           | GE Vernova Inc.                                       | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |        10 | NS      | $5291.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys, Inc.                                            | Synopsys, Inc.                                        | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |        10 | NS      | $5126.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CrowdStrike Holdings, Inc.                                | CrowdStrike Holdings, Inc. (Class A)                  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |        10 | NS      | $5093.10      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                                           | Microsoft Corp.                                       | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |        10 | NS      | $4974.10      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks, Inc.                                  | Palo Alto Networks, Inc.                              | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |        20 | NS      | $4092.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cyberark Software Ltd.                                    | Cyberark Software LTD (Israel)                        | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |        10 | NS      | $4068.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe, Inc.                                               | Adobe, Inc.                                           | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |        10 | NS      | $3868.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corporation PLC                                     | Eaton Corporation PLC (Ireland)                       | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |        10 | NS      | $3569.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co.                                               | Carvana Co. (Class A)                                 | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |        10 | NS      | $3369.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corporation                          | Constellation Energy Corporation                      | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |        10 | NS      | $3227.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla, Inc.                                               | Tesla, Inc.                                           | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |        10 | NS      | $3176.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| monday.com Ltd.                                           | monday.com Ltd. (Israel)                              | CUSIP: M7S64H106<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |        10 | NS      | $3144.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler, Inc.                                             | Zscaler, Inc.                                         | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |        10 | NS      | $3139.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                              | Cadence Design Systems, Inc.                          | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |        10 | NS      | $3081.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                                 | Flutter Entertainment PLC (Ireland)                   | CUSIP: G3643J108<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |        10 | NS      | $2857.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck ETF Trust - VanEck Semiconductor ETF               | VanEck Semiconductor ETF                              | CUSIP: 92189F676<br>LEI: 549300MJTG2N9QRH7I02 | Long             | EC               | RF                | US        |        10 | NS      | $2788.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software, Inc.                       | Take-Two Interactive Software, Inc.                   | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |        10 | NS      | $2428.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan, Inc.                                               | Argan, Inc.                                           | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |        10 | NS      | $2204.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                          | Amazon.com, Inc.                                      | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |        10 | NS      | $2193.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corporation                                        | Oracle Corp.                                          | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |        10 | NS      | $2186.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB, Inc.                                             | MongoDB, Inc. (Class A)                               | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |        10 | NS      | $2099.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                               | Apple, Inc.                                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |        10 | NS      | $2051.70      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corporation PLC                                 | Atlassian Corporation PLC (Class A) (United Kingdom)  | CUSIP: 049468101<br>LEI: 549300AGBII4MWBVJY22 | Long             | EC               | CORP              | US        |        10 | NS      | $2030.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp.                                              | Vistra Corp.                                          | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |        10 | NS      | $1938.10      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials, Inc.                                   | Applied Materials, Inc.                               | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |        10 | NS      | $1830.70      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                            | Alphabet, Inc. (Class A)                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |        10 | NS      | $1762.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Arm Holdings PLC                                          | Arm Holdings PLC - ADR                                | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |        10 | NS      | $1617.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualcomm Incorporated                                     | Qualcomm Incorporated                                 | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |        10 | NS      | $1592.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog, Inc.                                             | Datadog, Inc. (Class A)                               | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |        10 | NS      | $1343.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb, Inc.                                              | Airbnb, Inc. (Class A)                                | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |        10 | NS      | $1323.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology, Inc.                                   | Micron Technology, Inc.                               | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |        10 | NS      | $1232.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc.                                    | Dell Technologies, Inc. (Class C)                     | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |        10 | NS      | $1226.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify, Inc.                                             | Shopify, Inc. (Class A) (Canada)                      | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |        10 | NS      | $1153.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust - iShares Expanded Tech-Software Sector ETF | iShares Expanded Tech-Software Sector ETF             | CUSIP: 464287515<br>LEI: 54930072GM1ADLZJ5373 | Long             | EC               | RF                | US        |        10 | NS      | $1095.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp, Inc.                                              | NetApp, Inc.                                          | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |        10 | NS      | $1065.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Roblox Corporation                                        | Roblox Corporation (Class A)                          | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        10 | NS      | $1052.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks, Inc.                                     | Arista Networks, Inc.                                 | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |        10 | NS      | $1023.10      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta, Inc.                                                | Okta, Inc. (Class A)                                  | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |        10 | NS      | $999.70       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp.                                        | Lam Research Corp.                                    | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |        10 | NS      | $973.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies, Inc.                                   | Uber Technologies, Inc.                               | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |        10 | NS      | $933.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs, Inc.                                         | Astera Labs, Inc.                                     | CUSIP: 04626A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        10 | NS      | $904.20       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp.                                            | Coherent Corp.                                        | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |        10 | NS      | $892.10       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic N.V.                                              | Elastic N.V. (Netherlands)                            | CUSIP: N14506104<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | NL        |        10 | NS      | $843.30       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CAVA Group, Inc.                                          | CAVA Group, Inc.                                      | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        10 | NS      | $842.30       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                                         | Ciena Corporation                                     | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |        10 | NS      | $813.30       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Group Ltd.                             | Marvell Technology, Inc.                              | CUSIP: 573874104<br>LEI: 8DF36O58U3QIHUCGZB18 | Long             | EC               | CORP              | US        |        10 | NS      | $774.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| The Trade Desk, Inc.                                      | The Trade Desk, Inc. (Class A)                        | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |        10 | NS      | $719.90       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group, Inc.                                        | Zillow Group, Inc. Class C                            | CUSIP: 98954M101<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |        10 | NS      | $700.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                                          | Novo Nordisk A/S - ADR                                | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |        10 | NS      | $690.20       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc.                                           | Dutch Bros Inc. (Class A)                             | CUSIP: 26701L100<br>LEI: 549300ISYAXTFZ4LCT04 | Long             | EC               | CORP              | US        |        10 | NS      | $683.70       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Block, Inc.                                               | Block, Inc.                                           | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |        10 | NS      | $679.30       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corporation                               | Western Digital Corporation                           | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |        10 | NS      | $639.90       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Bitcoin Trust                                     | iShares Bitcoin Trust ETF                             | CUSIP: 46438F101<br>LEI: 529900HVFN08L8P4H851 | Long             | EC               | RF                | US        |        10 | NS      | $612.10       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage, Inc.                                        | Pure Storage, Inc. (Class A)                          | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |        10 | NS      | $575.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill, Inc.                              | Chipotle Mexican Grill                                | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        10 | NS      | $561.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc.                                                 | Oklo Inc. (Class A)                                   | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        10 | NS      | $559.90       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer, Inc.                                | Super Micro Computer, Inc.                            | CUSIP: 86800U104<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |        10 | NS      | $490.10       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GitLab Inc.                                               | GitLab, Inc. (Class A)                                | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |        10 | NS      | $451.10       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast, Inc.                                               | Toast, Inc. (Class A)                                 | CUSIP: 888787108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        10 | NS      | $442.90       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings, Inc.                                          | DraftKings, Inc. (Class A)                            | CUSIP: 26142V105<br>LEI: 5493008P45UYYL683Z97 | Long             | EC               | CORP              | US        |        10 | NS      | $428.90       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara, Inc.                                             | Samsara Inc. (Class A)                                | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        10 | NS      | $397.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Global-E Online Ltd.                                      | Global-E Online Ltd. (Israel)                         | CUSIP: M5216V106<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |        10 | NS      | $335.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SoFi Technologies, Inc.                                   | SoFi Technologies, Inc.                               | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |        10 | NS      | $182.10       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rivian Automotive, Inc.                                   | Rivian Automotive, Inc. (Class A)                     | CUSIP: 76954A103<br>LEI: 25490004LNKJ84MFYY24 | Long             | EC               | CORP              | US        |        10 | NS      | $137.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandisk Corp.                                             | Sandisk Corp.                                         | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         3 | NS      | $136.05       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleanspark, Inc.                                          | CleanSpark, Inc.                                      | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |        10 | NS      | $110.30       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Himax Technologies, Inc.                                  | Himax Technologies, Inc. - ADR                        | CUSIP: 43289P106<br>LEI: 529900Z6XWS79D8T1X09 | Long             | EC               | CORP              | KY        |        10 | NS      | $89.30        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurora Innovation Inc                                     | Aurora Innovation, Inc. (Class A)                     | CUSIP: 051774107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        10 | NS      | $52.40        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-26

**Name of Applicant:** BERKSHIRE FUNDS

**Signature:** /s/ Malcolm R. Fobes III

**Name of Signer:** Malcolm R. Fobes III

**Title:** President and Treasurer