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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 financial results for the fiscal year ended December 31, 2021. The Fund's net assets decreased to approximately $94.8 million or $13.75 per share, down from $102.1 million or $14.82 per share in 2020. The portfolio includes $91.1 million in public and private securities, with $0.09 per share in cash equivalents. Investment income was about $6.3 million, but net realized and unrealized losses reached $10.45 million for the year. The Fund's strategy focuses on enhancing portfolio performance and exit opportunities.
Firsthand Technology Value Fund (NASDAQ: SVVC) announced its top five holdings as of January 31, 2022. These include Revasum (32.8%), IntraOp Medical (27.1%), Wrightspeed (23.2%), Pivotal Systems (6.8%), and Hera Systems (5.5%), collectively accounting for 95.3% of the Fund's estimated total investments of approximately $99.9 million or $14.50 per share. The Fund primarily focuses on technology and cleantech investments and plans to release full financial statements in May 2022, detailing its performance and investment strategies.
Firsthand Technology Value Fund (NASDAQ: SVVC) announced its preliminary net asset value (NAV) of $13.75 as of December 31, 2021. The Fund's top five holdings are IntraOp Medical, Wrightspeed, Revasum, Pivotal Systems, and Hera Systems, representing a combined 91.3% of its net assets. Total investments reached $91.1 million, with a per-share valuation of $13.22. The annual report, including detailed financial statements and investment schedules, will be available with the Form 10-K filing in March 2022.
As of November 30, 2021, Firsthand Technology Value Fund (NASDAQ: SVVC) reported estimated total investments of approximately $97.1 million, equating to $14.09 per share. The top five holdings comprise 93.4% of these investments. The leading position is IntraOp Medical Corp., representing about 33.0% of the Fund's investments, followed by Wrightspeed, Revasum, Pivotal Systems, and Hera Systems. Cash and equivalents accounted for $0.28 per share. Comprehensive financial details will be available in the upcoming Form 10-K annual report.
The Firsthand Technology Value Fund (NASDAQ: SVVC) reported its top five holdings as of October 31, 2021, with a total investment value of approximately $105.1 million, or $15.25 per share. Major investments include IntraOp Medical (29.6%), Wrightspeed (23.6%), Revasum (22.8%), Pivotal Systems (10.4%), and Hera Systems (5.6%). These top holdings represent 91.9% of the Fund's total investments. A complete financial report will be available in the Fund’s annual report on Form 10-K by March 2022.
Firsthand Technology Value Fund (NASDAQ: SVVC) reported third-quarter financial results for the period ending September 30, 2021. The Fund's net assets decreased to approximately $98.8 million, or $14.33 per share, down from $107.3 million or $15.57 per share at the end of Q2 2021. The Fund's portfolio, comprised of public and private securities, is valued at $96.5 million. Investment income for the quarter was around $1.5 million, with net realized and unrealized losses of approximately $9.29 million.
Firsthand Technology Value Fund (NASDAQ: SVVC) announced its preliminary net asset value (NAV) of $14.33 as of September 30, 2021. The Fund's top holdings include IntraOp Medical, Wrightspeed, Pivotal Systems, Revasum, and Hera Systems, which together represent 93.0% of its preliminary net assets. The total investments amount to $96.5 million, approximately $14.00 per share. The quarterly report, providing complete financial statements, will be available in November 2021, offering further insights into the Fund's performance and strategies.
Firsthand Technology Value Fund (NASDAQ: SVVC) revealed its top five holdings as of August 31, 2021. The top investments include IntraOp Medical (28.2%), Wrightspeed (25.2%), Pivotal Systems (21.9%), Revasum (14.2%), and Hera Systems (5.2%), together constituting 94.6% of the Fund’s estimated total investments of approximately $107.7 million, or $15.63 per share. The complete financial details will be available in the upcoming quarterly report in November 2021. The Fund focuses on long-term growth through investments in technology and cleantech companies.
Firsthand Technology Value Fund (NASDAQ: SVVC) has disclosed its top five holdings as of July 31, 2021, which represent 93.3% of its estimated total investments of approximately $107.1 million, or $15.54 per share. The holdings include:
- IntraOp Medical - 28.3% of total investments.
- Wrightspeed - 24.4% of total investments.
- Pivotal Systems - 22.6% of total investments.
- Revasum - 12.8% of total investments.
- Hera Systems - 5.1% of total investments.
More detailed financial statements will be available in the quarterly report in November 2021.
Firsthand Technology Value Fund (NASDAQ: SVVC) reported its Q2 2021 financial results, showing net assets of approximately $107.3 million, or $15.57 per share, down from $112.4 million, or $16.31 per share in Q1. The Fund's portfolio includes public and private securities valued at about $102.5 million. Investment income for the quarter was approximately $1.4 million with net investment income of around $554 thousand. However, the Fund experienced net realized and unrealized losses of approximately $5.6 million. The management continues to strategize for portfolio enhancement.
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