ONCE CAPITAL MANAGEMENT, LLC

NEW YORK, NY · CIK 1712892 · 13F filing filed 2025-08-05

SEC-registered investment adviser since 2021 · limited liability company

$323.3m reported value +47.6% vs Q1 2025

16positions

86.7%in top 10

1 new 9 added 0 reduced 2 sold out vs Q1 2025

Options: 1 call positions ($41.0m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	559,000	$88.3m27.32%	27.32%	Added +7.0k	+7,000 1.3%
2	AST SPACEMOBILE INC COM CL A ASTS	ASTS	690,500	$32.3m9.98%	9.98%	Added +40.0k	+40,000 6.2%
3	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	40,100	$30.8m9.52%	9.52%	Unchanged
4	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	51,000	$26.0m8.04%	8.04%	Unchanged
5	ROCKET LAB CORP COM RKLB	RKLB	541,000	$19.4m5.99%	5.99%	New
6	ADVANCED MICRO DEVICES INC COM AMD	AMD	125,300	$17.8m5.50%	5.50%	Added +4.0k	+4,000 3.3%
7	SNOWFLAKE INC CL A SNOW	SNOW	76,900	$17.2m5.32%	5.32%	Unchanged
8	APPLE INC COM AAPL	AAPL	80,900	$16.6m5.13%	5.13%	Added +50	+50 0.1%
9	MICROSOFT CORP COM MSFT	MSFT	33,200	$16.5m5.11%	5.11%	Added +1.1k	+1,100 3.4%
10	AMAZON COM INC COM AMZN	AMZN	70,800	$15.5m4.81%	4.81%	Added +7.1k	+7,100 11.2%
11	MARVELL TECHNOLOGY INC COM MRVL	MRVL	167,000	$12.9m4.00%	4.00%	Unchanged
12	GRAYSCALE BITCOIN TRUST ETF SHS REP COM UT GBTC	GBTC	107,700	$9.1m2.83%	2.83%	Unchanged
13	NUSCALE PWR CORP CL A COM SMR	SMR	198,100	$7.8m2.42%	2.42%	Added +61.4k	+61,400 44.9%
14	SERVICENOW INC COM NOW	NOW	7,050	$7.2m2.24%	2.24%	Added +2.0k	+2,000 39.6%
15	TESLA INC COM TSLA	TSLA	15,000	$4.8m1.47%	1.47%	Added +7.5k	+7,500 100.0%
16	GRAYSCALE BITCOIN MINI TR ET SHS NEW BTC	BTC	21,540	$1.0m0.32%	0.32%	Unchanged

Security	Ticker	Shares held before	Value then
ROCKET LAB USA INC		486,000	$8.7m486.0k shares
PROSHARES TR QLD	QLD	43,000	$3.8m43.0k shares

Underlying	Ticker	Type	Shares controlled	Notional	Change
APPLE INC AAPL · Call	AAPL	Call	200,000	$41.0m200.0k shares	New