2025-10-24T13:07:17-05:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 20 COMMERCE DRIVE SUITE 301 CRANFORD NJ 070163618 990PF 2024-01-01 272993973 GENERATION FUND INC C/O DINSE PC GENE 8028645751 209 BATTERY STREET PO BOX 988 BURLINGTON VT 05402 WALLACE W TAPIA CPA TREASURER 8028645751 2025-10-17 1 0 SCOTT BROWN P02104034 9082726200 2025-10-16 2024 2025-03-06 01:10:19Z X 39670379 X X 30644 30644 370018 370018 1616377 5856414 1702068 10373 4509 2027412 2107239 45000 13500 31500 36090 0 36090 20295 0 18645 130592 130592 0 625 625 0 12342 42 0 109901 107544 2357 354845 252303 88592 5859986 5859986 6214831 252303 5948578 -4187419 1854936 720154 329877 329877 5493512 5734294 5734294 35455396 33606208 33606208 1705 0 0 41670767 39670379 39670379 0 0 X 41670767 39670379 41670767 39670379 41670767 39670379 41670767 -4187419 2187031 39670379 0 39670379 SALE OF PUBLICLY TRADED SECURITIES 4370252 3928536 441716 441716 1,157.71 SH. GENERATION IM GLOBAL EQUITY A SHARES D 1000000 247490 752510 752510 THROUGH JMF LIQUIDATING CO. LLC K-1 D 3583 3583 THROUGH LEGACY VENTURE IX, LLC K-1 P 16051 16051 THROUGH LEGACY VENTURE XI, LLC K-1 P 2046 2046 CAPITAL GAINS DIVIDENDS P 486162 486162 486162 1702068 25784 0 25784 0 25784 11404 0 10000 0 21404 X 67 4447 0 0 0 0 0 0 0 0 1 1 0 1 1 VT 1 0 0 0 1 1 N/A THE ORGANIZATION 8028645751 209 BATTERY STREET PO BOX 988 BURLINGTON VT 05402 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 AUSTIN HART CO DINSE PC 209 BATTERY ST PO BOX 988 BURLINGTON VT 05402 PRESIDENT 2.00 15000 0 0 WALLACE TAPIA CO DINSE PC 209 BATTERY ST PO BOX 988 BURLINGTON VT 05402 TREASURER 3.50 15000 0 0 PETER BROWN CO DINSE PC 209 BATTERY ST PO BOX 988 BURLINGTON VT 05402 SECRETARY 1.00 15000 0 0 E RUSSELL PEACH IV CO DINSE PC 209 BATTERY ST PO BOX 988 BURLINGTON VT 05402 ASSISTANT TREASURER - THRU 6/27/2024 1.00 0 0 0 MEREDITH MURPHY CO DINSE PC 209 BATTERY ST PO BOX 988 BURLINGTON VT 05402 ASSISTANT TREASURER - BEGAN 5/16/2024 1.00 0 0 0 NONE 0 PATHSTONE 24 FEDERAL ST 8TH FL BOSTON MA 02110 INVESTMENT MANAGEMENT 53750 0 0 28314926 1003014 13789232 43107172 0 0 43107172 646608 42460564 2123028 2123028 25784 25784 2097244 0 2097244 0 2097244 5948578 0 5948578 2097244 0 0 18063 238864 4900674 5157601 5948578 0 0 0 2097244 3851334 0 0 9008935 0 0 0 0 0 0 0 9008935 18063 238864 4900674 3851334 X FIDELITY CHARITABLE GIFT FUND BOX 77001 CINCINNATI OH 45277 N/A PC CHARITABLE (UNRESTRICTED) 1438522 NATIONAL PHILANTHROPIC TRUST 165 TOWNSHIP LINE RD SUITE 1200 JENKINTOWN PA 19046 N/A PC CHARITABLE (UNRESTRICTED) 1398800 THE BOSTON FOUNDATION 75 ARLINGTON STREET 3RD FLOOR BOSTON MA 02116 N/A PC CHARITABLE (UNRESTRICTED) 1389304 VANGUARD CHARITABLE PO BOX 55766 BOSTON MA 02205 N/A PC CHARITABLE (UNRESTRICTED) 1633360 5859986 0 01 30644 14 370018 14 8242 18 1616377 UNRELATED BUSINESS INCOME THROUGH K-1 901101 3733 01 -3733 IRS REFUND 01 2131 3733 2023679 0 2027412 0 0 0 0 0 0 0 0 0 0 AUDIT AND TAX PREP 20295 0 18645 ACCO BRANDS CORP 4,643.0000 SHARES 24376 24376 ADVANCED ENERGY INDUSTRIES INC 390.0000 SHARES 45097 45097 AEROVIRONMENT INC 315.0000 SHARES 48475 48475 AGREE REALTY CORP 530.0000 SHARES 37339 37339 AMBARELLA INC 1,085.0000 SHARES 78923 78923 AMERICAN FINANCIAL GROUP INC/OH 100.0000 SHARES 13693 13693 AMERISAFE INC 220.0000 SHARES 11339 11339 AMPHASTAR PHARMACEUTICALS INC 310.000 SHARES 11510 11510 ARCOSA INC 570.0000 SHARES 55142 55142 ARRAY TECHNOLOGIES INC 1,370.0000 SHARES 8275 8275 ARSTRANA HEALTH INC 520.0000 SHARES 16395 16395 ATKORE INC 210.0000 SHARES 17525 17525 BARRETT BUSINESS SERVICES INC 1,800.0000 SHARES 78192 78192 BICYCLE THERAPEUTICS PLC 550.0000 SHARES 7700 7700 BLOOM ENERGY CORP CL A 1,530.0000 SHARES 33981 33981 BOYD GAMING CORP 1,145.0000 SHARES 83058 83058 BRIGHTVIEW HOLDINGS INC 2,240.000 SHARES 35818 35818 CACTUS INC 690.0000 SHARES 40268 40268 CANADA GOOSE HOLDINGS INC 1,050.0000 SHARES 10532 10532 CANADIAN PACIFIC RAILWAY LTD 520.0000 SHARES 37632 37632 CBIZ INC 560.0000 SHARES 45825 45825 CHATHAM LODGING TRUST 3,360.0000 SHARES 30072 30072 CHEESECAKE FACTORY INC 1,520.0000 SHARES 72109 72109 COGNEX CORP 1,500.0000 SHARES 53790 53790 COHERENT CORP 920.0000 SHARES 87152 87152 COLUMBUS MCKINNON CORP/NY 700.0000 SHARES 26068 26068 COMMVAULT SYSTEMS INC 460.0000 SHARES 69419 69419 COMPASS DIVERSIFIED HOLDINGS 1,310.0000 SHARES 30235 30235 CRANE NXT CO 580.0000 SHARES 33768 33768 CUBESMART 610.0000 SHARES 26139 26139 CYTOKINETICS INC 670.0000 SHARES 31517 31517 DIAMONDBACK ENERGY INC 155.0000 SHARES 25394 25394 DIAMONDROCK HOSPITALITY CO 3,510.0000 SHARES 31695 31695 DIGITAL REALTY TRUST INC 351.0000 SHARES 62243 62243 DOUGLAS DYNAMIC INC 1,060.0000 SHARES 25048 25048 DUCOMMUN INC 830.0000 SHARES 52838 52838 EASTGROUP PROPERTIES INC 180.0000 SHARES 28888 28888 ENERGY RECOVER INC 770.0000 SHARES 11319 11319 FARO TECHNOLOGIES INC 1,150.0000 SHARES 29164 29164 FORMFACTOR INC 1,040.0000 SHARES 45760 45760 GATES INDUSTRIAL CORP PLC 2,050.000 SHARES 42169 42169 GENESCO INC 740.0000 SHARES 31635 31635 G-III APPAREL GROUP LTD 400.0000 SHARES 13048 13048 GLOBUS MEDICAL INC 630.0000 SHARES 52107 52107 GOLAR LNG LTD 2,380.0000 SHARES 100722 100722 GREENBRIER COS INC/THE 561.0000 SHARES 34215 34215 GROUP 1 AUTOMOTIVE INC 170.0000 SHARES 71652 71652 HELMERICH & PAYNE INC 486.0000 SHARES 15562 15562 HEXCEL CORP NEW 456.0000 SHARES 28591 28591 IAC INC 490.0000 SHARES 21139 21139 ICHOR HOLDINGS LTD 1,050.0000 SHARES 33831 33831 INDEPENDENT BANK GROUP INC 620.0000 SHARES 37614 37614 INSTEEL INDUSTRIES INC 590.0000 SHARES 15935 15935 INTELLIA THERAPEUTICS 500.000 SHARES 5829 5829 INTRA-CELLULAR THERAPIES INC 380.0000 SHARES 31737 31737 IONIS PHARMACEUTICALS INC 923.0000 SHARES 32267 32267 IPG PHOTONICS CORP 275.000 SHARES 19997 19997 IRIDIUM COMMUNICATIONS INC 1,880.0000 SHARES 54557 54557 ITRON INC 630.0000 SHARES 68404 68404 JOHN B SANFILIPPO & SON INC 160.0000 SHARES 13937 13937 KOPPERS HOLDINGS INC 770.0000 SHARES 24948 24948 KRATOS DEFENSE & SECURITY SOLUTIONS 1,140.0000 SHARES 30073 30073 LAM RESEARCH CORP 1,220.0000 SHARES 88121 88121 LANTHEUS HOLDINGS INC 520.0000 SHARES 46519 46519 LAS VEGAS SANDS CORP 870.0000 SHARES 44683 44683 LEXICON PHARMACEUTICALS INC 3,840.0000 SHARES 2836 2836 LIBERTY LIVE GROUP 241.0000 SHARES 16041 16041 LINDBLAD EXPEDITIONS HOLDINGS 2,640.0000 SHARES 31310 31310 LUMENTUM HOLDINGS INC 910.0000 SHARES 76395 76395 MACROGENICS INC 1,400.0000 SHARES 4550 4550 MADISON SQUARE GARDEN ENTERTAINMENT CORP 1.0000 SHARES 36 36 MADISON SQUARE GARDEN SPORTS CORP CL A 200.0000 SHARES 45136 45136 MAGNOLIA OIL & GAS CORP 2,030.0000 SHARES 47461 47461 MANCHESTER UNITED PLC CL A 1,672.0000 SHARES 29009 29009 MATADOR RESOURCES CO 1,010.0000 SHARES 56823 56823 MATCH GROUP INC 550.0000 SHARES 17991 17991 MATERION CORP 350.0000 SHARES 34608 34608 MERCANTILE BANK CORP 1,040.0000 SHARES 46270 46270 MERCK & CO INC 6,735.0000 SHARES 669998 669998 MERIT MEDICAL SYSTEMS INC 380.0000 SHARES 36753 36753 METALLUS INC 1,870.0000 SHARES 26423 26423 MKS INSTRUMENTS INC 420.0000 SHARES 43844 43844 MP MATERIALS CORP 1,760.0000 SHARES 27456 27456 NAPCO SECURITY TECHNOLOGIES INC 590.0000 SHARES 20980 20980 NEXSTAR MEDIA GROUP INC COMMON STOCK 310.0000 SHARES 48971 48971 NLIGHT INC 4,060.0000 SHARES 42589 42589 NORTHRIM BANCORP INC 320.0000 SHARES 24941 24941 OMNICELL INC COM 620.0000 SHARES 27602 27602 ONESPAWORLD HOLDINGS LTD 3,405.0000 SHARES 67760 67760 ONTO INNOVATION INC 215.0000 SHARES 35834 35834 OXFORD INDUSTRIES INC 227.0000 SHARES 17883 17883 PATRICK INDUSTRIES INC 360.0000 SHARES 29909 29909 PC CONNECTION INC 430.0000 SHARES 29786 29786 PINNACLE FINANCIAL PARTNERS INC 600.0000 SHARES 68634 68634 PLUG POWER INC 6,977.0000 SHARES 14861 14861 PREFERRED BANK/LOS ANGELES 550.0000 SHARES 47509 47509 PROTHENA CORP PLC 260.0000 SHARES 3601 3601 PTC THERAPEUTICS INC 345.0000 SHARES 15573 15573 QCR HOLDINGS INC 550.0000 SHARES 44352 44352 QORVO INC 690.0000 SHARES 48252 48252 RAYMOND JAMES FINANCIAL INC 500.0000 SHARES 77665 77665 REGENERON PHARMACEUTICALS INC 82.0000 SHARES 58411 58411 REINSURANCE GROUP OF AMERICA INC 230.0000 SHARES 49135 49135 RELIANCE INC 100.0000 SHARES 26926 26926 ROBERT HALF INTERNATIONAL INC 413.0000 SHARES 29100 29100 ROGERS CORP 270.0000 SHARES 27435 27435 ROYAL CARIBBEAN CRUISES LTD 390.0000 SHARES 89969 89969 SAGE THERAPEUTICS INC 590.0000 SHARES 3204 3204 SAREPTA THERAPEUTICS INC 215.0000 SHARES 26142 26142 SEACOAST BANKING CORP OF FLORIDA 990.0000 SHARES 27255 27255 SELECT WATER SOLUTIONS INC 2,310.0000 SHARES 30584 30584 SINCLAIR BROADCAST GROUP INC CL A 1,040.0000 SHARES 16786 16786 SOUTHWEST GAS HOLDINGS INC 710.0000 SHARES 50204 50204 SPHERE ENTERTAINMENT CO 1.0000 SHARES 40 40 STAG INDUSTRIAL INC 860.0000 SHARES 29085 29085 STEVEN MADDEN LTD 580.0000 SHARES 24662 24662 STEWART INFORMATION SERVICES CORP 510.0000 SHARES 34420 34420 STOCK YARDS BANCORP INC 850.0000 SHARES 60869 60869 STRATASYS LTD 2,100.0000 SHARES 18669 18669 SUMMIT HOTEL PROPERTIES INC 4,910.0000 SHARES 33634 33634 TAYLOR MORRISON HOME CORP 890.0000 SHARES 54477 54477 TEGNA INC 923.0000 SHARES 16882 16882 TELOS CORP 5,350.0000 SHARES 18297 18297 TENABLE HOLDINGS INC 640.0000 SHARES 25203 25203 TEREX CORP 390.0000 SHARES 18026 18026 TREEHOUSE FOODS INC 610.0000 SHARES 21429 21429 TRIMBLE INC 967.0000 SHARES 68328 68328 TUTOR PERINI CORP 710.0000 SHARES 17182 17182 ULTRA CLEAN HOLDINGS INC 900.0000 SHARES 32355 32355 ULTRAGENYX PHARMACEUTICAL INC 315.0000 SHARES 13252 13252 UNIFI INC 696.0000 SHARES 4350 4350 UNITED PARKS & RESORTS INC 1,290.0000 SHARES 72485 72485 UNITI GROUP INC 2,950.0000 SHARES 16225 16225 UNITIL CORP 560.0000 SHARES 30346 30346 URANIUM ENERGY CORP 4,190.0000 SHARES 28031 28031 VERITEX HOLDINGS INC 450.0000 SHARES 12222 12222 VICOR CORP 315.0000 SHARES 15221 15221 VIMEO INC 1,495.0000 SHARES 9568 9568 VISHAY INTERTECHNOLOGY INC 921.0000 SHARES 15602 15602 WARNER BROS DISCOVERY INC 2,143.0000 SHARES 22652 22652 WERNER ENTERPRISES INC 1,040.0000 SHARES 37357 37357 WINTRUST FINANCIAL CORP 520.0000 SHARES 64849 64849 WSFS FINANCIAL CORP 970.0000 SHARES 51536 51536 XYLEM INC 683.0000 SHARES 79242 79242 333.33 SHARES OF SUMMIT PARTNERS SUSTAINABLE OPPORTUNITIES L/S FUND LTD FMV 1802209 1802209 8,015.015 SHARES OF GENERATION IM GLOBAL EQUITY FUND FMV 6882941 6882941 AMERICAN BEACON SHAPIRO EQUITY FUND CL Y 172,031.1570 SHARES FMV 2386072 2386072 ARTISAN INTERNATIONAL SMALL-MID FUND 58,754.2850 SHARES FMV 1022325 1022325 ARTISAN INTERNATIONAL VALUE FUND - INV 78,123.2090 SHARES FMV 3663979 3663979 BROWN ADVISORY SUSTAINABLE GROWTH FUND 49,719.1880 SHARES FMV 2740024 2740024 DELAWARE EMERGING MARKETS FUND 64,526.2620 SHARES FMV 1313755 1313755 JMF LIQUIDATING LLC FMV 48111 48111 LEGACY VENTURE IX, LLC FMV 3576042 3576042 LEGACY VENTURE XI, LLC FMV 595391 595391 RBC EMERGING MARKETS EQUITY FUND/US CL I 113,430.7460 SHARES FMV 1487077 1487077 VANGUARD S&P 500 ETF 9,512.0000 SHARES FMV 5125161 5125161 VANGUARD ULTRA-SHORT-TERM BOND FUND 57,912.1520 SHARES FMV 1159980 1159980 WCM FOCUSED INTERNATIONAL GROWTH 58,754.2850 SHARES FMV 1803141 1803141 LEGAL FEES 36090 0 36090 RECEIVABLE FROM BROKER 1705 OTHER EXPENSES THROUGH K-1S 107544 107544 0 INSURANCE 1525 0 1525 MEMBERSHIP DUES 832 0 832 ROYALTIES 4426 4426 4426 INCOME THROUGH K-1S 3816 83 3816 IRS REFUND 2131 2131 UNREALIZED GAIN ON INVESTMENTS 997994 NON-TAXABLE GAIN ON GRANT OF SECURITIES 1189037 INVESTMENT MANAGEMENT 100973 100973 0 CUSTODIAL FEES 29619 29619 0 FOREIGN TAXES WITHHELD 42 42 0 FEDERAL EXCISE TAX PAID 12000 0 0 VERMONT UBI TAX 300 0 0