Bullfrog Capital GP, Ltd.

Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.

Reported portfolio value by quarter (8 quarters reported)

$446M $141M

Q4 21 Q2 22 Q4 22 Q2 23 Q3 23

$446M in Q4 2021 → $191M now. Hover for any quarter.

Holdings

As reported for the quarter ended September 30, 2023. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
RM Robinhood Mkts Inc	66.3%	Added 0.0%	12,876,978	$126M
NH Nu Hldgs Ltd	33.5%	Unchanged	8,819,028	$63.9M
Root Inc	0.2%	Unchanged	43,107	$410K

What changed each quarter, from the filings' own share counts. Largest moves first; most recent 7 quarters.

quarter ended September 30, 2023 · filed November 14, 2023

Company	Action	Shares changed	Value of change	% of portfolio
RM Robinhood Mkts Inc	Added	+2,112	+$20.7K	66.3%

quarter ended June 30, 2023 · filed August 14, 2023

Company	Action	Shares changed	Value of change	% of portfolio
RM Robinhood Mkts Inc	Added	+2,572	+$25.7K	64.7%

quarter ended March 31, 2023 · filed May 15, 2023

Company	Action	Shares changed	Value of change	% of portfolio
RM Robinhood Mkts Inc	Added	+2,583	+$25.1K	74.8%

quarter ended December 31, 2022 · filed February 14, 2023

Company	Action	Shares changed	Value of change	% of portfolio
Root Inc	Trimmed	−54,336	−$244K	0.1%
RM Robinhood Mkts Inc	Added	+5,574	+$45.4K	74.4%

quarter ended September 30, 2022 · filed November 14, 2022

Company	Action	Shares changed	Value of change	% of portfolio
Affirm Holdings, Inc.	Exited	−1,329,622	−$24M	—
Root, Inc.	Exited	−1,753,976	−$2.09M	—
Root, Inc.	New	+97,443	+$768K	0.5%

quarter ended June 30, 2022 · filed August 26, 2022

Company	Action	Shares changed	Value of change	% of portfolio
Robinhood Markets, Inc.	Added	+1,389	+$11.4K	64.2%

quarter ended March 31, 2022 · filed August 26, 2022

No position changes this quarter.

Comments