Welcome to our dedicated page for Firsthand Technology Value Fund news (Ticker: SVVC), a resource for investors and traders seeking the latest updates and insights on Firsthand Technology Value Fund stock.
Firsthand Technology Value Fund reports financial results as a publicly traded venture capital fund investing in technology and cleantech companies. Recurring updates center on NAV per share, net assets, portfolio values for public and private securities, cash and cash equivalents, and realized or unrealized investment results.
The fund's quarterly and annual releases also discuss private-company fair-value adjustments by its Valuation Committee under ASC 820, use of independent valuation input, portfolio-company performance, recent securities transactions, sector market multiples, and efforts to identify exit opportunities.
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Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) has revealed its top five investments as of February 28, 2023. The Fund's estimated total investments are approximately $42.5 million or $6.32 per share, and include cash and equivalents of $0.15 per share. Notably, IntraOp Medical leads the portfolio with about 39.3% of total investments, followed by Wrightspeed at 20.6%, Hera Systems at 18.1%, Revasum at 16.6%, and EQX Capital at 2.0%. Together, these holdings make up 96.6% of the Fund's estimated total investments. A detailed financial report is expected in May 2023.
Firsthand Technology Value Fund (SVVC) reported its fiscal year results for 2022, showing a significant decrease in net assets to approximately $30.6 million ($4.44 per share) from $94.8 million ($13.75 per share) in 2021. The portfolio includes public and private securities valued at $40.1 million ($5.82 per share). The Fund faced a total investment loss of $10.0 million and net realized and unrealized losses of $51.7 million. The management aims to enhance performance and explore exit opportunities within its portfolio.
Firsthand Technology Value Fund (NASDAQ: SVVC) has disclosed its top five holdings as of January 31, 2023. The Fund's estimated total investments were approximately $40.7 million, equating to $5.91 per share, with cash and cash equivalents of approximately $0.16 per share. The top five holdings include IntraOp Medical Corp. (42.0%), Wrightspeed, Inc. (22.0%), Hera Systems, Inc. (19.4%), Revasum, Inc. (10.7%), and EQX Capital, Inc. (2.2%), together constituting 96.2% of the Fund's investments. Quarterly financial statements will be available in May 2023.