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Top Holdings Include IntraOp Medical, Pivotal, Turn, QMAT, and Wrightspeed
Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC), a publicly-traded venture capital fund that invests in technology and cleantech companies, disclosed today that its preliminary NAV as of June 30, 2015 was $24.54 per share. The Fund also announced that its top five holdings as of that date were IntraOp Medical, Pivotal, Turn, QMAT, and Wrightspeed.
1. IntraOp Medical, Inc. is the manufacturer of the Mobetron, a medical device that is used to deliver intra-operative radiation to cancer patients. As of June 30, 2015, the Fund’s investment in IntraOp consisted of 23,300,000 shares of preferred stock plus debt securities and represented approximately 12.6% of the Fund’s preliminary net assets.
2. Pivotal Systems, Inc. provides monitoring and process control technologies for the semiconductor manufacturing industry. As of June 30, 2015, the Fund’s investment in Pivotal consisted of 22,148,288 shares of preferred stock plus debt securities, and represented approximately 10.9% of the Fund’s preliminary net assets.
3. Turn Inc. is a leading provider of advertising technology to Fortune 1000 marketers and their agencies. As of June 30, 2015, the Fund’s investment in Turn consisted of 1,798,562 shares of preferred stock and represented approximately 8.0% of the Fund’s preliminary net assets.
4. QMAT, Inc. is developing advanced materials technologies for applications in the electronics industry. As of June 30, 2015, the Fund’s investment in QMAT consisted of 12,000,240 shares of preferred stock plus warrants to purchase additional shares, and represented approximately 6.3% of the Fund’s preliminary net assets.
5. Wrightspeed, Inc. is a supplier of electric drivetrains for medium-duty trucks. As of June 30, 2015, the Fund’s investment in Wrightspeed consisted of 3,368,637 shares of preferred stock, and represented approximately 5.9% of the Fund’s preliminary net assets.
The Fund’s preliminary net assets as of June 30, 2015 also include cash of approximately $0.47 per share. As of that date, the Fund’s top five holdings constituted 43.7% of the Fund’s preliminary net assets. Complete financial statements and a detailed schedule of investments will be made available with the Fund’s quarterly report filing on Form 10-Q in August 2015.
