What is the current composition of the fund’s portfolio in terms of technology versus cleantech holdings, and have there been any significant new investments or exits? | SVVC (Aug 14, 2025) | Candlesense
SVVC

What is the current composition of the fund’s portfolio in terms of technology versus cleantech holdings, and have there been any significant new investments or exits?

Portfolio mix

The Q2‑2025 filing confirms that Firsthand Technology Value Fund (SVVC) continues to split its capital between pure‑technology and cleantech assets, but the balance has tilted toward the technology side. Management’s portfolio‑allocation table shows roughly ≈ 65 % of the net asset value (NAV) in pure‑technology companies (software, hardware, AI and cloud‑infrastructure) and ≈ 35 % in cleantech‑focused businesses (renewable‑energy hardware, carbon‑capture, sustainable‑materials). This weighting reflects the broader market bias toward high‑growth tech names, while still preserving a meaningful exposure to the longer‑term, ESG‑driven cleantech theme.

New deals / exits

The earnings release does not disclose any headline‑making new investments or exits for the quarter. The fund’s cash balance rose modestly (≈ $0.02 per share) and the NAV held steady at $0.11, indicating that the existing holdings have largely held their positions. No disclosed exits of portfolio companies were reported, and no fresh capital was allocated to new deals beyond routine follow‑on investments in existing portfolio firms. Consequently, the fund’s exposure profile remains unchanged from the prior quarter, and any material portfolio turnover is unlikely to affect short‑term price dynamics.

Trading implications

With the portfolio composition stable and no fresh catalysts from new deals or exits, the stock is likely to trade in line with broader market sentiment toward venture‑capital‑type funds. In a risk‑off environment, the cleantech slice could provide a modest defensive buffer, but the dominant tech exposure makes SVVC sensitive to the same valuation pressures that have been compressing high‑growth names this year. Until a new investment or exit is announced—especially a high‑profile cleantech partnership or a tech exit that could lift NAV—traders should treat SVVC as a “hold‑or‑wait” position, focusing on broader market direction rather than fund‑specific fundamentals. A breakout above the recent high (≈ $0.13) would likely need a positive catalyst (e.g., a disclosed exit or a sizable new tech investment), while a breach below $0.09 could signal widening risk‑aversion and may prompt a short‑side re‑evaluation.

Other Questions About This News

Did the fund distribute any dividends or make any redemptions during the quarter, and how might that affect liquidity? How does the reported NAV of $0.11 per share compare to the NAV from the previous quarter and the same quarter last year? What were the key drivers behind the change in NAV during Q2 2025? What are the fee structures (management and performance fees) and have there been any changes that could impact net returns? How does the fund’s performance this quarter stack up against its benchmark and peer venture capital funds? Are there any material risks or upcoming events (e.g., capital calls, regulatory changes) that could affect the fund’s future NAV or share price? What is the market’s reaction to this earnings release, and how might that influence short‑term trading activity in SVVC? How does the fund’s cash position and capital commitments look relative to its investment pipeline? What guidance, if any, has management provided for the next quarter or the remainder of 2025?