RUSSIA PARTNERS MANAGEMENT, LLC Portfolio Holdings

Q3 2025•1 long positions•$63.6M portfolio value

Holding1	Sector	Position↕	Traded↕	Ownership↕	Shares Δ↕	Shares Δ %	Market Cap↕	Owned Since↕
1 SEMrush Holdings SEMR	Software - Application Technology	$63.6M 100.0%	—	6.04% 9.0M shares	—	—	$1.1B Small Cap	Q4 2023 Held for 1y 11m

Holding1	Sector	Position↕	Traded↕	Ownership↕	Shares Δ↕	Shares Δ %	Market Cap↕	Owned Since↕
1 SEMrush Holdings SEMR	Software - Application Technology	$63.6M 100.0%	—	6.04% 9.0M shares	—	—	$1.1B Small Cap	Q4 2023 Held for 1y 11m

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