Seeking Alpha

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

  • 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.
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Comments (1)
  • Chris DeMuth Jr.
    , contributor
    Comments (6268) | Send Message
     
    This looks like quite a good long opportunity, especially with Bulldog battling on behalf of the owners. One could consider shorting some IPO (http://seekingalpha.co...) against it to hedge out some of the security-specific risks and to focus more on the large discount to NAV.
    16 Jan 2014, 12:26 PM Reply Like
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