Firsthand Technology Value Fund Discloses Top Portfolio Holdings

- November 14th, 2016

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 October 31, 2016 were IntraOp Medical, Pivotal Systems, Wrightspeed, Nutanix, and Turn. As quoted in the press release: IntraOp Medical Corp. is the manufacturer of the Mobetron, a … Continued

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 October 31, 2016 were IntraOp Medical, Pivotal Systems, Wrightspeed, Nutanix, and Turn.
As quoted in the press release:

  1. 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 October 31, 2016, the Fund’s investment in IntraOp consisted of 26,856,187 shares of preferred stock plus debt securities and represented approximately 18.3% of the Fund’s estimated net assets.*

  2. Pivotal Systems, Inc. provides monitoring and process control technologies for the semiconductor manufacturing industry. As of October 31, 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 16.7% of the Fund’s estimated net assets.*

  3. Wrightspeed, Inc. is a supplier of electric drivetrains for medium-duty trucks. As of October 31, 2016, the Fund’s investment in Wrightspeed consisted of 3,819,451 shares of preferred stock, and represented approximately 7.6% of the Fund’s estimated net assets.*

  4. 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 October 31, 2016, the Fund’s investment in Nutanix consisted of 459,772 shares of common stock and represented approximately 6.5% of the Fund’s estimated net assets.*

  5. Turn Inc. is a leading provider of advertising technology to Fortune 1000 marketers and their agencies. As of October 31, 2016, the Fund’s investment in Turn consisted of 1,798,562 shares of preferred stock plus debt securities and represented approximately 5.9% of the Fund’s estimated net assets.*

Click here for the full text release.

 

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