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Firsthand Technology Value Fund, Inc. (SVVC) is a U.S.-based investment management company that specializes in technology investments. Primarily focused on identifying and nurturing high-growth, innovative companies, FIRSTHAND TEC VAL FUND aims to deliver superior returns to its shareholders by investing in technology and cleantech sectors. Their portfolio typically includes early-stage companies with significant potential for growth and market disruption.
SVVC's core business revolves around investing in private and public technology companies with transformative potential. The company seeks to capitalize on advancements in sectors such as artificial intelligence, cybersecurity, cloud computing, and renewable energy. By leveraging their expertise and extensive network, they aim to identify emerging technologies and trends that are poised for widespread adoption and commercial success.
In recent years, FIRSTHAND TEC VAL FUND has made notable investments in various pioneering companies. For example, they have invested in companies developing cutting-edge solutions for data analytics, autonomous vehicles, and advanced semiconductor technologies. These investments underline SVVC's commitment to fostering technological innovation and supporting the growth of the next generation of tech leaders.
Financially, FIRSTHAND TEC VAL FUND has maintained a robust position, with a diversified portfolio designed to balance risk and reward. Their strategy includes a mix of equity investments and venture capital in both private and publicly traded companies. This approach allows them to maximize growth opportunities while managing exposure to market volatility.
Partnerships are a critical component of SVVC's strategy. By collaborating with other investment firms, technology incubators, and industry leaders, they enhance their ability to identify promising investment opportunities and provide strategic support to portfolio companies. These partnerships often result in joint investments and co-development projects that accelerate innovation and market entry for emerging technologies.
In terms of products, FIRSTHAND TEC VAL FUND offers shareholders the opportunity to invest in a diversified portfolio of technology and cleantech companies. Their investment vehicles are designed to provide exposure to high-potential markets while mitigating risks through strategic diversification and active management.
To stay informed about the latest developments and performance metrics of FIRSTHAND TEC VAL FUND, Inc. (SVVC), investors can regularly check news updates and financial reports, which provide insights into the company’s latest achievements, ongoing projects, and future plans.
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
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.
Firsthand Technology Value Fund (NASDAQ: SVVC) announced its preliminary net asset value (NAV) of
Firsthand Technology Value Fund (SVVC) reported its top five investments as of October 31, 2022. These holdings represent 95.4% of the Fund's estimated total investments, valued at approximately $46.8 million or $6.78 per share, including cash equivalents of $0.13 per share. The largest investment is in IntraOp Medical (44.3%), followed by Wrightspeed (25.8%), Hera Systems (15.6%), Revasum (7.1%), and EQX Capital (2.6%). A full financial report will be published in March 2023.
Firsthand Technology Value Fund (NASDAQ: SVVC) reported its third-quarter results for 2022, showing significant declines in net assets and investment performance. As of September 30, 2022, net assets decreased to approximately $38.4 million from $49.8 million in June. The fund recorded a total investment loss of around $8.3 million and a net investment loss of about $8.8 million. The fair value of the portfolio was approximately $46.6 million, translating to $6.76 per share, with cash and equivalents of $1.15 million.
Firsthand Technology Value Fund (NASDAQ: SVVC) announced its preliminary NAV of $5.58 as of September 30, 2022. The Fund's top five holdings included IntraOp Medical (54.0% of net assets), Wrightspeed (31.1%), Hera Systems (19.0%), Revasum (7.9%), and EQX Capital (3.1%). Total investments were reported at $46.6 million, or $6.76 per share. Notably, these top holdings made up 115.1% of the Fund’s preliminary net assets. The complete financial statements will be available in the upcoming quarterly report due in November 2022.
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