14B Capital Management’s Shift4 FOUR Stock Holding History

14B Capital Management’s Portfolio FOUR Stock Details FOUR Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	$24.2M	Sell	385,000 -12,000	-3%	-$848K	19.49%	3
2025 Q3	$30.7M	Sell	397,000 -100,000	-20%	-$9.3M	17.98%	1
2025 Q2	$49.3M	Sell	497,000 -28,000	-5%	-$2.44M	20.24%	1
2025 Q1	$42.9M	Buy	525,000 +39,000	+8%	+$4.02M	17.87%	1
2024 Q4	$50.4M	Sell	486,000 -74,000	-13%	-$7.35M	21.95%	1
2024 Q3	$49.6M	Sell	560,000 -26,000	-4%	-$1.97M	22.24%	1
2024 Q2	$43M	Buy	586,000 +69,000	+13%	+$4.57M	20.09%	1
2024 Q1	$34.2M	Buy	517,000 +147,000	+40%	+$11.1M	16.12%	3
2023 Q4	$27.5M	Buy	+370,000	New	+$22.1M	16.61%	3

Other funds holding FOUR

Wasatch Advisors Salt Lake City, Utah $15.3B AUM 25.06% 1-Year Est. Return

DCP

Durable Capital Partners Bethesda, Maryland $9.71B AUM 26.27% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

DPCM

Darlington Partners Capital Management Greenbrae, California $2.23B AUM 16.2% 1-Year Est. Return

Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return

Ensign Peak Advisors Salt Lake City, Utah $53.7B AUM 29.47% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

ClearBridge Investments New York $115B AUM 24.78% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

14B Capital Management's FOUR Position: Q4 2025 in Review

14B Capital Management reduced its Shift4 (FOUR) stake by 3% in Q4 2025, selling an estimated $848K and leaving 385,000 shares worth $24.2M. The position accounts for 19.49% of the portfolio, ranked #3.

14B Capital Management first reported a position in FOUR in Q4 2023 and has held it in 9 quarters since. The position peaked at $50.4M in Q4 2024. 402 funds tracked by Wall St. Rank hold FOUR as of Q4 2025.

14B Capital Management held 385,000 shares of Shift4 worth $24.2M as of Q4 2025.
14B Capital Management sold 12,000 Shift4 shares in Q4 2025, an estimated $848K.
Shift4 made up 19.49% of 14B Capital Management's portfolio in Q4 2025, its #3 holding.
14B Capital Management first reported a position in Shift4 in Q4 2023 and has held it in 9 quarters since.
14B Capital Management's Shift4 position peaked at $50.4M in Q4 2024.
402 funds tracked by Wall St. Rank held Shift4 as of Q4 2025.

Based on 14B Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.