Arista Networks, Inc.

**SIGNAL NOTE: Eventide/ANET Position Initiation** This position initiation appears disconnected from Eventide's core biotech mandate—Arista Networks is a pure-play networking infrastructure company with no pharmaceutical or healthcare exposure. The $7.7M position suggests either: (1) portfolio diversification into secular AI/cloud infrastructure beneficiaries, or (2) a data error in holdings reporting. Monitor for clarification on whether this represents a strategic shift in Eventide's investment thesis or a values-based consideration (e.g., ESG factors in ANET's operations).