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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 third-quarter financial results for the period ending September 30, 2020. The Fund's net assets decreased to approximately $95.2 million, or $13.81 per share, compared to $101.3 million or $14.70 per share at the end of Q2 2020. Portfolio values included approximately $93.2 million in public and private securities. The Fund reported $1.1 million in investment income and net investment income of approximately $262,000, but faced net realized and unrealized losses of around $6.4 million.
Firsthand Technology Value Fund (NASDAQ: SVVC) announced a preliminary net asset value (NAV) of $13.81 as of September 30, 2020. The Fund's top five holdings are Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR, which collectively constitute 87.3% of the Fund's net assets. Total investments reached $95.5 million, approximately $13.85 per share. The complete financial statements and investment details will be disclosed in the upcoming 10-Q report in November 2020.
Firsthand Technology Value Fund (NASDAQ: SVVC) disclosed its top five holdings as of August 31, 2020, which include Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR. These holdings constituted 88.3% of the Fund’s estimated total investments, valued at approximately $94 million, or $13.70 per share. Pivotal Systems accounted for 36.8% of the total investments, while IntraOp Medical and Wrightspeed made up 24.2% and 15.1%, respectively. The Fund plans to release its quarterly report on Form 10-Q in November 2020.
Firsthand Technology Value Fund (NASDAQ: SVVC) disclosed its top five holdings as of July 31, 2020, which include Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR. The total investments of the Fund are approximately $99 million or $14.40 per share, with cash equivalents around $0.45 per share. The top five holdings account for 87.2% of total investments, highlighting concentrated exposure to these companies. A detailed financial report is expected in November 2020.
Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) reported its financial results for Q2 2020, with net assets increasing to approximately $101.3 million or $14.70 per share, up from $79.8 million or $11.58 per share at the end of Q1. The Fund’s portfolio, valued at approximately $101.4 million, included significant investment income of approximately $922 thousand and a net realized/unrealized gain of $21.3 million for the quarter. The Fund emphasizes ongoing portfolio management to enhance performance and identify exit opportunities.
As of June 30, 2020, Firsthand Technology Value Fund (NASDAQ: SVVC) reported a preliminary net asset value (NAV) of $14.70 per share and total investments of $102.0 million. The top five holdings amounted to 90.7% of the Fund's NAV, with Pivotal Systems representing 39.6%, followed by IntraOp Medical at 21.3%. The Fund plans to disclose complete financial statements in its upcoming Form 10-Q filing in August 2020. This Fund focuses on investing in technology and cleantech companies.
Firsthand Technology Value Fund (NASDAQ: SVVC) announced its 2020 Annual Meeting of Stockholders will be virtual on July 2, 2020, at 2:00 PM Pacific Time, due to COVID-19 health concerns. Stockholders as of March 13, 2020, can attend and vote online using a control number from their proxy card. Those holding shares through intermediaries must register in advance by submitting a legal proxy. The Fund focuses on long-term capital growth by investing primarily in technology and cleantech companies. For more information, visit www.firsthandtvf.com.
Firsthand Technology Value Fund (NASDAQ: SVVC) announced its top five holdings as of May 31, 2020, comprising Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR. The total estimated investments reached approximately $94 million, equating to $13.70 per share, with the top five holdings representing 88.3% of this total. Notably, Pivotal Systems accounted for about 39.1%, while IntraOp Medical and Wrightspeed made up 15.1% and 14.2%, respectively. A detailed financial report will be released in August 2020.
As of April 30, 2020, Firsthand Technology Value Fund (NASDAQ: SVVC) reported its top five holdings, namely Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR, amounting to 88% of total investments estimated at $91 million, or $13.25 per share. The Fund's largest investment is in Pivotal Systems, representing 40.8% of total investments. The quarterly report, including detailed financial statements, will be available in August 2020. The Fund's investment strategy focuses on long-term capital growth, primarily in technology and cleantech sectors.
Firsthand Technology Value Fund (NASDAQ: SVVC) reported financial results for Q1 2020, highlighting net assets of approximately $79.8 million ($11.58 per share), down from $127.1 million ($17.70 per share) at year-end 2019. The portfolio's value stood at about $77.9 million ($11.30 per share), with cash and equivalents of $0.32 million. The Fund recorded investment income of $772,000 but faced a net realized and unrealized loss of around $45.3 million for the quarter. The Fund aims for long-term capital growth through investments in technology and cleantech sectors.
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