# EDGAR Filing Document

**Accession Number:** 0001066241
**File Stem:** 0001162044-25-001072
**Filing Date:** 2025-10
**Character Count:** 51794
**Document Hash:** 60ac9f8e50341b0e62bb3d4f2236faa2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-25-001072.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0001162044-25-001072

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPARROW FUNDS
- **CENTRAL INDEX KEY:** 0001066241

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08897
- **FILM NUMBER:** 251428015

**BUSINESS ADDRESS:**
- **STREET 1:** 8500 MARYLAND AVENUE
- **STREET 2:** SUITE 743
- **CITY:** ST LOUIS
- **STATE:** MO
- **ZIP:** 63105
- **BUSINESS PHONE:** 3147256161

**MAIL ADDRESS:**
- **STREET 1:** 8500 MARYLAND AVENUE
- **STREET 2:** SUITE 743
- **CITY:** ST LOUIS
- **STATE:** MO
- **ZIP:** 63105

## Series and Classes Contracts Data

### Sparrow Growth Fund (Series ID: S000000502)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000001374 | Class A      | SGFFX           |
| C000001375 | No Load      | SGNFX           |
| C000109530 | Class C      | SGFCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-08897

- **c. CIK number of Registrant:** 0001066241

- **d. LEI of Registrant:** 549300XDSEM51EDGX785

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

  - **Street Address 1:** 8500 Maryland Avenue

  - **City:** Saint Louis

  - **State:** MO

  - **Foreign country:** US

  - **Zip / Postal Code:** 63105

  - **Telephone number:** 314-725-6161

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

- **a. Name of Series:** Sparrow Growth Fund

- **b. EDGAR series identifier (if any):** S000000502

- **c. LEI of Series:** 549300XDSEM51EDGX785

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-08-31

**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:** $73912415.81

**Total Liabilities:** $94898.72

**Net Assets:** $73817517.09

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000001374 | 4.58%                | 0.69%                | 1.48%                |
| Class ID C000001375 | 4.64%                | 0.73%                | 1.53%                |
| Class ID C000109530 | 4.54%                | 0.64%                | 1.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-266302.21              | $3524833.91                                |
| Month 2  | $0.00                    | $578604.11                                 |
| Month 3  | $44504.36                | $1093943.82                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| The Sherwin-Williams Co.                                                       | The Sherwin-Williams Co.                                                       | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |       745 | NS      | $272543.35    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals, Inc.                                                   | Vertex Pharmaceuticals, Inc.                                                   | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1950 | NS      | $762489.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe, Inc.                                                                    | Adobe, Inc.                                                                    | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       130 | NS      | $46371.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices, Inc.                                                   | Advanced Micro Devices, Inc.                                                   | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |       340 | NS      | $55294.20     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb, Inc.                                                                   | Airbnb, Inc.                                                                   | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      1100 | NS      | $143583.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp.                                                                 | Allstate Corp.                                                                 | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |       415 | NS      | $84431.75     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                                                 | Alphabet, Inc. Class A                                                         | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     19645 | NS      | $4182616.95   | 5.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                                               | Amazon.com, Inc.                                                               | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     15480 | NS      | $3544920.00   | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co.                                                           | American Express Co.                                                           | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     10200 | NS      | $3379056.00   | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| AppFolio, Inc.                                                                 | AppFolio, Inc. Class A                                                         | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |       825 | NS      | $228838.50    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp.                                                                 | AppLovin Corp. Class A                                                         | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      2290 | NS      | $1095971.10   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                                                    | Apple, Inc.                                                                    | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     13360 | NS      | $3101390.40   | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks, Inc.                                                          | Arista Networks, Inc.                                                          | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      1660 | NS      | $226673.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J. Gallagher & Co.                                                      | Arthur J. Gallagher & Co.                                                      | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |       140 | NS      | $42385.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone, Inc.                                                                 | AutoZone, Inc.                                                                 | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |        80 | NS      | $335882.40    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter, Inc.                                                             | Badger Meter, Inc.                                                             | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |       385 | NS      | $70424.20     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands, Inc.                                                          | BellRing Brands, Inc.                                                          | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |       985 | NS      | $40434.25     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkley W R Corp.                                                              | Berkley W R Corp.                                                              | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |      1145 | NS      | $82085.05     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway, Inc.                                                       | Berkshire Hathaway, Inc. Class B                                               | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      5560 | NS      | $2796568.80   | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                                                                | BlackRock, Inc.                                                                | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |       190 | NS      | $214156.60    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Block, Inc.                                                                    | Block, Inc.                                                                    | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |       600 | NS      | $47784.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                                                         | Booking Holdings, Inc.                                                         | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       143 | NS      | $800664.15    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp.                                              | Booz Allen Hamilton Holding Corp.                                              | CUSIP: 099502106<br>LEI: 549300D7XCH2480XU542 | Long             | EC               | CORP              | US        |       230 | NS      | $25005.60     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                                                                 | Broadcom, Inc.                                                                 | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      7590 | NS      | $2257190.10   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown, Inc.                                                            | Brown & Brown, Inc.                                                            | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |       695 | NS      | $67380.25     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group, Inc.                                                                | CME Group, Inc. Class A                                                        | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      1110 | NS      | $295826.10    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CNA Financial Corp.                                                            | CNA Financial Corp.                                                            | CUSIP: 126117100<br>LEI: 549300YX2GSZD7YG1R84 | Long             | EC               | CORP              | US        |      1030 | NS      | $51036.50     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                                                   | Cadence Design Systems, Inc.                                                   | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |       260 | NS      | $91111.80     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings, Inc.                                                         | Celsius Holdings, Inc.                                                         | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       405 | NS      | $25466.40     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill, Inc.                                                   | Chipotle Mexican Grill, Inc.                                                   | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1000 | NS      | $42140.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                                                                     | Chubb Ltd.                                                                     | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      1085 | NS      | $298450.95    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp.                                                                   | Cintas Corp.                                                                   | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       220 | NS      | $46206.60     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global, Inc.                                                          | Coinbase Global, Inc.                                                          | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |       975 | NS      | $296926.50    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp.                                                         | Costco Wholesale Corp.                                                         | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      1135 | NS      | $1070668.20   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings, Inc.                                                     | CrowdStrike Holdings, Inc. Class A                                             | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      1130 | NS      | $478781.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog, Inc.                                                                  | Datadog, Inc. Class A                                                          | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      1005 | NS      | $137363.40    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom, Inc.                                                                   | DexCom, Inc.                                                                   | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |       345 | NS      | $25992.30     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DocuSign, Inc.                                                                 | DocuSign, Inc.                                                                 | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |      1090 | NS      | $83559.40     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| e.l.f. Beauty, Inc.                                                            | e.l.f. Beauty, Inc.                                                            | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |       260 | NS      | $32500.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab, Inc.                                                                   | Ecolab, Inc.                                                                   | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |       495 | NS      | $137134.80    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health, Inc.                                                          | Elevance Health, Inc.                                                          | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |        65 | NS      | $20712.25     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                                                                | Eli Lilly & Co.                                                                | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1760 | NS      | $1289340.80   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Factset Research Systems, Inc.                                                 | Factset Research Systems, Inc.                                                 | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |       435 | NS      | $162394.20    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp.                                                               | Fair Isaac Corp.                                                               | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       130 | NS      | $197813.20    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv, Inc.                                                                   | Fiserv, Inc.                                                                   | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      1080 | NS      | $149234.40    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay, Inc.                                                                   | Corpay, Inc.                                                                   | CUSIP: 219948106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       795 | NS      | $258907.65    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet, Inc.                                                                 | Fortinet, Inc.                                                                 | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      1790 | NS      | $140998.30    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy, Inc.                                                                  | GoDaddy, Inc.                                                                  | CUSIP: 380237107<br>LEI: 5493005GJOH8HLL11157 | Long             | EC               | CORP              | US        |      1260 | NS      | $186870.60    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust - Goldman Sachs Financial Square Treasury Instruments Fund | Goldman Sachs Trust - Goldman Sachs Financial Square Treasury Instruments Fund | CUSIP: 38142B500<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    157162 | NS      | $157161.58    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Financial Services Group, Inc.                                    | The Hartford Financial Services Group, Inc.                                    | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |       955 | NS      | $126356.05    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthequity, Inc.                                                             | Healthequity, Inc.                                                             | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      1410 | NS      | $125955.30    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings, Inc.                                                | Hilton Worldwide Holdings, Inc.                                                | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |       430 | NS      | $118705.80    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group, Inc.                                                | Interactive Brokers Group, Inc.                                                | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |      4160 | NS      | $258918.40    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                | Intercontinental Exchange, Inc.                                                | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |       995 | NS      | $175717.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                                                   | Intuit, Inc.                                                                   | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       360 | NS      | $240120.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                                           | JPMorgan Chase & Co.                                                           | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      3970 | NS      | $1196637.40   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group, Inc.                                                | Jefferies Financial Group, Inc.                                                | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |      1865 | NS      | $120945.25    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group, Inc.                                                    | Kinsale Capital Group, Inc.                                                    | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |       255 | NS      | $116649.75    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings, Inc.                                                   | LPL Financial Holdings, Inc.                                                   | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |       165 | NS      | $60139.20     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI, Inc.                                                                     | MSCI, Inc.                                                                     | CUSIP: 55354G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       235 | NS      | $133414.20    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates, Inc.                                                     | Manhattan Associates, Inc.                                                     | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |       580 | NS      | $124955.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Corp.                                                                   | Markel Corp.                                                                   | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |        25 | NS      | $48976.50     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                                                   | Marriott International, Inc.                                                   | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |       590 | NS      | $158037.40    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos., Inc.                                                    | Marsh & McLennan Cos., Inc.                                                    | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      1145 | NS      | $235652.45    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                                                               | Mastercard, Inc. Class A                                                       | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      5560 | NS      | $3309812.40   | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonalds Corp.                                                                | McDonalds Corp.                                                                | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1030 | NS      | $322946.20    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corp.                                                          | Mercury General Corp.                                                          | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |      5110 | NS      | $395156.30    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                                                           | Meta Platforms, Inc. Class A                                                   | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      5515 | NS      | $4073930.50   | 5.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                                                                | Microsoft Corp.                                                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      7555 | NS      | $3828042.95   | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp.                                                         | Monster Beverage Corp.                                                         | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      7330 | NS      | $457465.30    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Moodys Corp.                                                                   | Moodys Corp.                                                                   | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      1430 | NS      | $728956.80    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar, Inc.                                                              | Morningstar, Inc.                                                              | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |       150 | NS      | $39363.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                                                   | NVIDIA Corp.                                                                   | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     27625 | NS      | $4811722.50   | 6.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                                                  | Netflix, Inc.                                                                  | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      3550 | NS      | $4289287.50   | 5.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextracker Inc.                                                                | Nextracker Inc.                                                                | CUSIP: 65290E101<br>LEI: 2138001D4HUZ48PR8M23 | Long             | EC               | CORP              | US        |      1090 | NS      | $73313.40     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| OReilly Automotive, Inc.                                                       | OReilly Automotive, Inc.                                                       | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      6075 | NS      | $629856.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta, Inc.                                                                     | Okta, Inc. Class A                                                             | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |       850 | NS      | $78854.50     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                                                   | Oracle Corp.                                                                   | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      6825 | NS      | $1543337.25   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC, Inc.                                                                      | PTC, Inc.                                                                      | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |       240 | NS      | $51240.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies, Inc.                                                    | Palantir Technologies, Inc. Class A                                            | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      2420 | NS      | $379238.20    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks, Inc.                                                       | Palo Alto Networks, Inc.                                                       | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      2580 | NS      | $491541.60    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings, Inc.                                                         | Palomar Holdings, Inc.                                                         | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |       615 | NS      | $75657.30     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex, Inc.                                                                  | Paychex, Inc.                                                                  | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |       835 | NS      | $116444.93    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software, Inc.                                                          | Paycom Software, Inc.                                                          | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      1665 | NS      | $378204.75    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo, Inc.                                                                  | PepsiCo, Inc.                                                                  | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       800 | NS      | $118920.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp.                                                                      | RLI Corp.                                                                      | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |       400 | NS      | $27092.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit, Inc.                                                                   | Reddit, Inc.                                                                   | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1690 | NS      | $380385.20    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets, Inc.                                                        | Robinhood Markets, Inc.                                                        | CUSIP: 770700102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2725 | NS      | $283481.75    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Roblox Corp.                                                                   | Roblox Corp. Class A                                                           | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       400 | NS      | $49836.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Industries, Inc.                                                         | Roper Technologies, Inc.                                                       | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |        70 | NS      | $36841.70     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global, Inc.                                                               | S&P Global, Inc.                                                               | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      2450 | NS      | $1343678.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co.                                                            | SEI Investments Co.                                                            | CUSIP: 784117103<br>LEI: 0N2JSH1PTH72JCCP2A88 | Long             | EC               | CORP              | US        |      1320 | NS      | $116529.60    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                                                               | Salesforce, Inc.                                                               | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      3465 | NS      | $887906.25    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group, Inc.                                                | Selective Insurance Group, Inc.                                                | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      1040 | NS      | $81359.20     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow, Inc.                                                               | ServiceNow, Inc.                                                               | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      1305 | NS      | $1197285.30   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group, Inc.                                        | Skyward Specialty Insurance Group, Inc.                                        | CUSIP: 830940102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1280 | NS      | $61824.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| A. O. Smith Corp.                                                              | A. O. Smith Corp.                                                              | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |      1860 | NS      | $132599.40    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp.                                                         | Stifel Financial Corp.                                                         | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |       940 | NS      | $108372.60    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp.                                                                  | Stryker Corp.                                                                  | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       230 | NS      | $90024.30     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer, Inc.                                                     | Super Micro Computer, Inc.                                                     | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |       590 | NS      | $24508.60     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys, Inc.                                                                 | Synopsys, Inc.                                                                 | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |       145 | NS      | $87510.40     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Cos., Inc.                                                             | The TJX Cos., Inc.                                                             | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |       880 | NS      | $120216.80    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla, Inc.                                                                    | Tesla, Inc.                                                                    | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       700 | NS      | $233709.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                                                                | The Cigna Group                                                                | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |       830 | NS      | $249722.10    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| The Coca-Cola Co.                                                              | The Coca-Cola Co.                                                              | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      4325 | NS      | $298381.75    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc.                                              | The Hanover Insurance Group, Inc.                                              | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |       910 | NS      | $157866.80    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.                                                       | The Procter & Gamble Co.                                                       | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      2355 | NS      | $369829.20    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corp.                                                          | The Progressive Corp.                                                          | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      2520 | NS      | $622591.20    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| The Trade Desk, Inc.                                                           | The Trade Desk, Inc. Class A                                                   | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |       545 | NS      | $29789.70     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies, Inc.                                                        | Uber Technologies, Inc.                                                        | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      3235 | NS      | $303281.25    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.                                                       | UnitedHealth Group, Inc.                                                       | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       380 | NS      | $117750.60    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems, Inc.                                                            | Veeva Systems, Inc.                                                            | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |       220 | NS      | $59224.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisign, Inc.                                                                 | Verisign, Inc.                                                                 | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |       325 | NS      | $88845.25     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Viemed Healthcare, Inc.                                                        | Viemed Healthcare, Inc.                                                        | CUSIP: 92663R105<br>LEI: 254900XU539S8GOIOW89 | Long             | EC               | CORP              | CA        |      2535 | NS      | $18682.95     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc.                                                                     | Visa, Inc. Class A                                                             | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      9550 | NS      | $3359499.00   | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                                                                  | Walmart, Inc.                                                                  | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     36690 | NS      | $3558196.20   | 4.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday, Inc.                                                                  | Workday, Inc. Class A                                                          | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      1030 | NS      | $237744.60    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis, Inc.                                                                   | Zoetis, Inc.                                                                   | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |       430 | NS      | $67252.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** Sparrow Funds

**Signature:** /s/ Gerald Sparrow

**Name of Signer:** Gerald Sparrow

**Title:** President