Run by Dan Sundheim since 2018. Mixes shops, factories and tech companies with large private stakes. Its biggest by far is SpaceX.
If you’d given them $1,000 on January 1, 2025, by December 31 you’d have
You usually can’t invest in these funds: they’re for very wealthy people and institutions, often with millions to put in. The $1,000 is just a way to picture how they did.
$1,337
$1,337
33.7% in 2025
The rose 16.4% in 2025 (not counting dividends, the cash some companies pay their owners).
Not investment advice. For information and education only. Holdings: SEC Form 13F filings and the funds’ own letters. Returns: as reported by the funds or the press, linked at each number. Investors and money managed: the managers’ Form ADV filings with the SEC. Not affiliated with the SEC or any fund.