Firsthand Technology Value Fund reports 2013 NAV of $28.31/share

|About: Firsthand Technology Value Fund (SVVC)|By:, SA News Editor

Firsthand Technology Value Fund (SVVC -0.2%) reports a preliminary NAV of $28.31/share at year end, of which $9.17/share is cash. Total return on NAV in 2013 is estimated at 25.3%.

The fund's top 5 holdings consisted of Twitter (21.2% of NAV), Facebook (12.8%), IntraOp Medical (7.9%), Turn (5.8%), and AliphCom (4.0%).

Shares closed yesterday at an 18.3% discount to the Dec. 31 NAV, a discrepancy that activist Bulldog Investors criticized in an open letter earlier this month.