Founders Fund V Management, LLC

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

Reported portfolio value by quarter (21 quarters reported)

$1.9B $572K

Q4 20 Q1 22 Q2 23 Q3 24 Q4 25

$392M in Q4 2020 → $2.16M now. Hover for any quarter.

Holdings

As reported for the quarter ended December 31, 2025. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
Rigetti Computing Inc	90.8%	Unchanged	88,621	$1.96M
RH Rafael Hldgs Inc	9.2%	Unchanged	169,451	$200K

What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.

quarter ended December 31, 2025 · filed February 17, 2026

No position changes this quarter.

quarter ended September 30, 2025 · filed November 14, 2025

Company	Action	Shares changed	Value of change	% of portfolio
Unity Biotechnology Inc	Exited	−49,172	−$18.7K	—
Porch Group Inc	Exited	−853	−$10.1K	—

quarter ended June 30, 2025 · filed August 14, 2025

Company	Action	Shares changed	Value of change	% of portfolio
Porch Group Inc	New	+853	+$10.1K	0.7%

quarter ended March 31, 2025 · filed May 15, 2025

Company	Action	Shares changed	Value of change	% of portfolio
RH Rafael Hldgs Inc	New	+169,451	+$317K	29.6%
Cyclo Therapeutics Inc	Exited	−480,708	−$284K	—

quarter ended December 31, 2024 · filed February 14, 2025

Company	Action	Shares changed	Value of change	% of portfolio
NL Notable Labs Ltd	Exited	−117,924	−$50.7K	—

quarter ended September 30, 2024 · filed February 14, 2025

No position changes this quarter.

quarter ended June 30, 2024 · filed August 14, 2024

Company	Action	Shares changed	Value of change	% of portfolio
Nova Ltd	Exited	−117,924	−$209K	—
NL Notable Labs Ltd	New	+117,924	+$74.3K	8.8%

quarter ended March 31, 2024 · filed May 15, 2024

Company	Action	Shares changed	Value of change	% of portfolio
Nova Ltd	New	+117,924	+$209K	19.1%

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