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Firsthand Technology Value Fund Discloses Top Portfolio Holdings
Dec. 20, 2016 09:06AM PST
Technology Investing
Firsthand Technology Value Fund (NASDAQ:SVVC), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its top five holdings as of November 30, 2016 were IntraOp Medical, Pivotal Systems, Nutanix, Wrightspeed, and QMAT. As quoted in the press release: IntraOp Medical Corp. is the manufacturer of the Mobetron, a …
Firsthand Technology Value Fund (NASDAQ:SVVC), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its top five holdings as of November 30, 2016 were IntraOp Medical, Pivotal Systems, Nutanix, Wrightspeed, and QMAT.
As quoted in the press release:
- IntraOp Medical Corp. is the manufacturer of the Mobetron, a medical device that is used to deliver intra-operative radiation to cancer patients. As of November 30, 2016, the Fund’s investment in IntraOp consisted of 26,856,187 shares of preferred stock plus debt securities and represented approximately 17.9% of the Fund’s estimated net assets.*
- Pivotal Systems, Inc. provides monitoring and process control technologies for the semiconductor manufacturing industry. As of November 30, 2016, the Fund’s investment in Pivotal consisted of 33,508,691 shares of preferred stock plus warrants to purchase additional shares and represented approximately 16.3% of the Fund’s estimated net assets.*
- Nutanix, Inc. (NASDAQ: NTNX) is a provider of hyperconverged data center equipment that merges computing, storage, and networking capabilities in a single piece of equipment. As of November 30, 2016, the Fund’s investment in Nutanix consisted of 459,772 shares of common stock and represented approximately 8.3% of the Fund’s estimated net assets.*
- Wrightspeed, Inc. is a supplier of electric drivetrains for medium-duty trucks. As of November 30, 2016, the Fund’s investment in Wrightspeed consisted of 3,819,451 shares of preferred stock, and represented approximately 7.4% of the Fund’s estimated net assets.*
- QMAT, Inc. is developing advanced materials technologies for applications in the electronics industry. As of November 30, 2016, the Fund’s investment in QMAT consisted of 18,000,240 shares of preferred stock plus warrants to purchase additional shares, and represented approximately 6.7% of the Fund’s estimated net assets.*