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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 (NASDAQ: SVVC) reported its top five investments as of August 31, 2022, totaling approximately $47 million, or $6.82 per share. These holdings, which include IntraOp Medical Corp., Wrightspeed, Hera Systems, Revasum, and EQX Capital, account for 93.7% of its total investments. IntraOp Medical represents 34.8%, while Wrightspeed follows closely at 34.1%. A detailed financial report will be released in November 2022, outlining performance metrics and changes since June 30, 2022.
As of July 31, 2022, Firsthand Technology Value Fund (NASDAQ: SVVC) reported its top five holdings, representing 93.2% of estimated total investments of approximately $50.2 million, or $7.28 per share. Key holdings include:
- IntraOp Medical (32.6%)
- Wrightspeed (31.4%)
- Revasum (15.8%)
- Hera Systems (11.2%)
- EQX Capital (2.3%)
The Fund focuses on investments in technology and cleantech companies.
Firsthand Technology Value Fund (NASDAQ: SVVC) announced that Hera Systems, a holding since 2015, will provide spacecraft for the U.S. Space Force's Tetra-5 program. This program aims to develop a prototype constellation for on-orbit refueling and autonomous collaboration. The contract, awarded to Orion Space Solutions, could total $44.5 million if fully exercised. Hera Systems will deliver advanced spacecraft and software for the mission.
Firsthand Technology Value Fund (NASDAQ: SVVC) reported its financial results for Q2 2022, revealing net assets of approximately $49.8 million or $7.22 per share, down from $87.4 million or $12.68 per share as of March 31, 2022. The Fund's total investment loss was about $3.8 million, leading to a net investment loss of approximately $4.5 million. Realized and unrealized losses on investments reached $33.1 million during the quarter. The Fund continues to manage its portfolio actively to enhance performance.
Firsthand Technology Value Fund (NASDAQ: SVVC) reported a preliminary NAV of $7.22 as of June 30, 2022. The Fund's top five holdings—IntraOp Medical, Wrightspeed, Revasum, Hera Systems, and Pivotal Systems—constitute 92.4% of its net assets. IntraOp Medical leads with 32.8% of net assets, while Wrightspeed follows with 30.7%. Total investments stood at $49.3 million or $7.16 per share. The complete financials will be part of the quarterly report in August 2022.
As of May 31, 2022, Firsthand Technology Value Fund (NASDAQ: SVVC) reported its top five holdings, which comprise 92.4% of its estimated total investments of approximately $66.8 million. These include IntraOp Medical (32.2%), Wrightspeed (28.5%), Revasum (17.5%), Hera Systems (9.4%), and Pivotal Systems (4.9%). The Fund's estimated value per share stands at $9.70, with cash and equivalents at approximately $0.27 per share. A comprehensive financial report will be available in August 2022.
The Firsthand Technology Value Fund (NASDAQ: SVVC) announced its top five holdings as of April 30, 2022, comprising IntraOp Medical, Revasum, Wrightspeed, Hera Systems, and Pivotal Systems, which collectively account for 95.5% of the Fund's estimated total investments of approximately $72.3 million, or $10.50 per share. Major investments include 26.9% in IntraOp Medical and 26.8% in Revasum. The Fund focuses on technology and cleantech sectors, and complete financial statements will be available in a quarterly report in August 2022.
Firsthand Technology Value Fund (NASDAQ: SVVC) reported its Q1 2022 financial results, showing net assets of approximately $87.4 million ($12.68 per share), down from $94.8 million ($13.75 per share) at year-end 2021. The Fund's portfolio, including public and private securities, was valued at $82.2 million ($11.93 per share). During Q1, the Fund recorded $1.9 million in investment income, with a net investment income of $1.2 million. However, it suffered net realized and unrealized losses amounting to approximately $8.6 million.
As of March 31, 2022, Firsthand Technology Value Fund (NASDAQ: SVVC) reported a preliminary NAV of $12.68. The Fund's top five holdings include Revasum, IntraOp Medical, Wrightspeed, Hera Systems, and Pivotal Systems, constituting 90.4% of its preliminary net assets. Total investments were $82.2 million, or approximately $11.93 per share. The Fund emphasizes investing in technology and cleantech companies, aiming for long-term capital growth. A full quarterly report will be available in May 2022.
Firsthand Technology Value Fund (NASDAQ: SVVC) disclosed its top five holdings as of February 28, 2022, which include IntraOp Medical (29.4%), Revasum (29.2%), Wrightspeed (25.2%), Hera Systems (6.1%), and Pivotal Systems (5.7%). The Fund's total estimated investments were approximately $92.9 million, or $13.47 per share. These holdings constituted 95.5% of the total investments. A detailed financial statement will be available in the upcoming quarterly report in May 2022. The Fund primarily invests in technology and cleantech companies, aiming for long-term capital growth.
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