| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,500 | 375 | 375 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 2280 SHARES ISRAEL PECAN PLANTATIONS | 6,342 | 2,280 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 2915.962 SHARES ARTISAN INTL VALUE FUND | 49,148 | 112,527 |
| 5422.684 SHARES EVENTIDE HEALTHCARE & LI | 268,049 | 180,792 |
| 33529.662 SHARES GRANDEUR PEAK INTL OPPTY | 80,138 | 108,301 |
| 3255.208 SHARES HOTCHKIS & WILEY VALUE O | 100,010 | 102,832 |
| 5535.916 SHARES JOHCM INTL SLCT FD | 111,109 | 110,774 |
| 8792.225 SHARES SEAFARER OVERSEAS GROWTH | 88,893 | 99,704 |
| 12360.72 SHARES SPYGLASS GROWTH | 128,403 | 116,685 |
| 9345.794 SHARES VULCAN VALUE PARTNERS SM | 100,010 | 95,888 |
| 5779.235 SHARES WCM FOCUSED INTERNATIONAL | 86,578 | 113,620 |
| 16 SHARES ADOBE SYSTEMS INC | 1,941 | 5,384 |
| 36 SHARES ADVANCED MICRO DEVIC | 3,984 | 2,332 |
| 11 SHARES ALIGN TECHNOLOGY INC | 2,496 | 2,320 |
| 98 SHARES AMAZON COM INC | 3,239 | 8,232 |
| 60 SHARES APPLE INC | 8,634 | 7,796 |
| 9 SHARES ASML HOLDINGS NV | 5,812 | 4,918 |
| 49 SHARES BLACKSTONE INC | 5,609 | 3,635 |
| 37 SHARES BLOCK INC | 1,924 | 2,325 |
| 11 SHARES BURLINGTON STORES | 1,534 | 2,230 |
| 3 SHARES CHIPOTLE MEXICAN GRL | 4,055 | 4,162 |
| 52 SHARES DEXCOM | 1,812 | 5,888 |
| 48 SHARES EDWARDS LIFESCIENCES | 1,695 | 3,581 |
| 16 SHARES INSULET CORP | 4,261 | 4,710 |
| 23 SHARES INTUITIVE SURGICAL | 4,234 | 6,103 |
| 14 SHARES LULULEMON ATHLETICA | 4,944 | 4,485 |
| 56 SHARES MARVELL TECHNOLOGY INC | 3,705 | 2,074 |
| 35 SHARES MASTERCARD INC | 5,147 | 12,171 |
| 4 SHARES MERCADOLIBRE INC | 2,484 | 3,385 |
| 52 SHARES MICROSOFT CORP | 5,423 | 12,471 |
| 12 SHARES NETFLIX INC | 6,282 | 3,539 |
| 57 SHARES NVIDIA CORP | 2,793 | 8,330 |
| 5 SHARES PALO ALTO NETWORKS | 781 | 698 |
| 30 SHARES PAYPAL HOLDINGS INC | 2,971 | 2,137 |
| 40 SHARES QUALCOMM INC | 6,672 | 4,398 |
| 38 SHARES SALESFORCE COM | 2,840 | 5,038 |
| 25 SHARES SERVICE NOW INC | 6,068 | 9,707 |
| 23 SHARES TRACTOR SUPPLY COMP | 3,882 | 5,174 |
| 32 SHARES VEEVA SYSTEMS INC | 1,848 | 5,164 |
| 35 SHARES VISA INC | 2,725 | 7,272 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 3X5 SPECIAL OPPORTUNITY FUND | AT COST | 589,009 | 35,216 |
| 3X5 RIVERVEST FUND II | AT COST | 2,889,350 | 1,041,480 |
| 3X5 PARTNERS FUND III LP | AT COST | 532,306 | 840,461 |
| AETHER REAL ASSETS II LP | AT COST | 240,432 | 198,528 |
| ARCH ONCOLOGY INVESTORS LLC | AT COST | 24,750 | 1,174 |
| ASIA ALTERNATIVE CAPITAL PARTNERS IV | AT COST | 270,804 | 486,120 |
| ASIA ALTERNATIVES DELAWARE IV LP | AT COST | 35,808 | 44,947 |
| BERENS AFRICAN DEVELOPMENT PARTNERS | AT COST | 307,493 | 134,792 |
| KCB REAL ESTATE VI | AT COST | 129,564 | 362,671 |
| OHA EUROPEAN STRATEGIC CREDIT FUND | AT COST | 0 | 24,784 |
| RUBICON GLOBAL INVESTORS LLC | AT COST | 1,042,570 | 356,320 |
| SENTAKU | AT COST | 4,432 | 2,348 |
| SIGHTLINE HEALTHCARE OPPORTUNITY | AT COST | 41,859 | 68,621 |
| SMART WIRES INVESTORS LLC | AT COST | 299,244 | 986 |
| US WATER & LAND INVESTMENT LP | AT COST | 317,701 | 718,477 |
| VAPOTHERM INVESTORS | AT COST | 194,979 | 12,057 |
| WATER PROPERTY INVESTORS LP | AT COST | 571,751 | 903,085 |
| VIA ENERGY LP | AT COST | 67,962 | 80,534 |
| VIA ENERGY II LP | AT COST | 200,444 | 273,708 |
| ZERO MASS | AT COST | 828,042 | 2,580,417 |
| CASH IN TRANSIT | AT COST | 200,302 | 200,302 |
| Description | Amount |
|---|---|
| UNREALIZED LOSSES | 131,614 |
| NONDEDUCTIBLE EXPENSES | 211 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SUBSCRIPTIONS & MEMBERSHIP | 1,517 | 0 | 1,517 | |
| OTHER DEDUCTIONS FROM PASSTHROUGH INVESTMENTS | 110,151 | 110,151 | 0 | |
| ROYALTY DEDUCTIONS FROM PASSTHROUGH INVESTMENTS | 181 | 181 | 0 | |
| CHARITABLE CONTRIBUTIONS FROM PASSTHROUGH | 29 | 0 | 29 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| INCOME FROM PASSTHROUGH INVESTMENTS | 24,556 | 86,407 | 24,556 |
| MISCELLANEOUS | 100 | 100 |
| Description | Amount |
|---|---|
| TAX EXEMPT INCOME | 3,397 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT COUNSEL | 62,748 | 62,748 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX | 1,732 | 1,732 | 0 | |
| FEDERAL TAX | 49,443 | 0 | 0 | |
| OREGON TAX | 1,730 | 0 | 0 |