Top 5 Holdings
As of September 30, 2018
| Position | Company | % Preliminary Net Assets |
|---|---|---|
| 1. | Pivotal Systems, Inc. | 45.8% |
| 2. | Revasum, Inc. | 16.7% |
| 3. | IntraOp Medical Corp. | 14.3% |
| 4. | Roku, Inc. | 8.6% |
| 5. | QMAT, Inc. | 7.0% |
Additional Information
The Fund's preliminary net assets as of September 30, 2018, include cash and cash equivalents of approximately $0.01 per share. The preliminary net assets figure reflects increases in deferred tax liability and incentive fees accrued since June 30, 2018, owing primarily to the dramatic appreciation in the Fund's holdings in Pivotal Systems. As of September 30, 2018, the Fund's top five holdings constituted 92.4% of the Fund's preliminary net assets, and 79.4% of our preliminary gross 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 November.
Share Repurchase Plan
On August 31, 2018, the Fund announced a plan to repurchase up to $2 million worth of SVVC stock in the open market by March 31, 2019. Through the end of September, we had repurchased and retired 26,110 shares of stock at a total cost of approximately $420,000. As of September 30, 2018, the Fund had 7,276,036 shares outstanding.
