Firsthand Capital Management 13F annual report
Firsthand Capital Management is an investment fund managing more than $51.4 billion ran by Kevin Landis. There are currently 44 companies in Mr. Landis’s portfolio. The largest investments include Roku Inc and Wolfspeed Inc, together worth $8.98 billion.
$51.4 billion Assets Under Management (AUM)
As of 8th August 2024, Firsthand Capital Management’s top holding is 75,000 shares of Roku Inc currently worth over $4.49 billion and making up 8.7% of the portfolio value.
Relative to the number of outstanding shares of Roku Inc, Firsthand Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 187,000 shares of Wolfspeed Inc worth $4.49 billion.
The third-largest holding is Kratos Defense & Security Solutions Inc worth $4.1 billion and the next is Zscaler Inc worth $3.84 billion, with 20,000 shares owned.
Currently, Firsthand Capital Management's portfolio is worth at least $51.4 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Firsthand Capital Management
The Firsthand Capital Management office and employees reside in San Jose, California. According to the last 13-F report filed with the SEC, Kevin Landis serves as the President at Firsthand Capital Management.
Recent trades
In the most recent 13F filing, Firsthand Capital Management revealed that it had opened a new position in
ON Semiconductor and bought 10,000 shares worth $686 million.
This means they effectively own approximately 0.1% of the company.
ON Semiconductor makes up
2.9%
of the fund's Technology sector allocation and has decreased its share price by 24.5% in the past year.
The investment fund also strengthened its position in Roku Inc by buying
73,402 additional shares.
This makes their stake in Roku Inc total 75,000 shares worth $4.49 billion.
Roku Inc dropped 32.0% in the past year.
On the other hand, there are companies that Firsthand Capital Management is getting rid of from its portfolio.
Firsthand Capital Management closed its position in Palantir Technolgies, Inc. on 15th August 2024.
It sold the previously owned 100,000 shares for $2.3 billion.
Kevin Landis also disclosed a decreased stake in Netflix by 0.9%.
This leaves the value of the investment at $3.37 billion and 5,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Firsthand Capital Management are Center Lake Capital Management and Riverwood Capital Management. They manage $51.5 billion and $51.7 billion respectively.
Kevin Landis investment strategy
Firsthand Capital Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 46.3% of
the total portfolio value.
The fund focuses on investments in the United States as
72.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
41% of the total holdings value.
On the other hand, small-cap stocks make up only 2.3% of the portfolio.
The average market cap of the portfolio companies is close to $22.4 billion.
The complete list of Firsthand Capital Management trades based on 13F SEC filings
These positions were updated on August 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Roku Inc |
4,593.37%
75,000
|
$4,494,750,000 | 8.74% |
| Wolfspeed Inc |
3.89%
187,000
|
$4,486,770,000 | 8.72% |
| Kratos Defense & Security Solutions Inc |
1,950.00%
205,000
|
$4,102,050,000 | 7.98% |
| Zscaler Inc |
5,614.29%
20,000
|
$3,843,800,000 | 7.47% |
| Netflix Inc. |
85.71%
5,000
|
$3,374,400,000 | 6.56% |
| Aspen Aerogels Inc. |
75.00%
105,000
|
$2,504,250,000 | 4.87% |
| Palantir Technolgies, Inc. |
Closed
100,000
|
$2,301,000,000 | |
| Enphase Energy Inc |
91.15%
23,000
|
$2,293,330,000 | 4.46% |
| Monday.com Ltd. |
Closed
10,000
|
$2,258,700,000 | |
| Palantir Technologies Inc. |
632.76%
85,000
|
$2,153,050,000 | 4.19% |
| DocuSign Inc |
33.33%
40,000
|
$2,140,000,000 | 4.16% |
| Pagerduty Inc |
691.35%
90,000
|
$2,063,700,000 | 4.01% |
| MongoDB Inc |
125.00%
9,000
|
$2,041,320,000 | 3.97% |
| Domo Inc. |
No change
230,000
|
$1,775,600,000 | 3.45% |
| Palo Alto Networks Inc |
83.33%
5,000
|
$1,695,050,000 | 3.30% |
| Cloudflare Inc |
60.00%
20,000
|
$1,656,600,000 | 3.22% |
| Workday Inc |
20.69%
7,000
|
$1,564,920,000 | 3.04% |
| Monday.com Ltd |
50.00%
5,000
|
$1,203,800,000 | 2.34% |
| Quanta Services, Inc. |
40.00%
14,000
|
$1,087,960,000 | 2.12% |
| Okta Inc |
12.74%
10,000
|
$936,100,000 | 1.82% |
| First Solar Inc |
20.00%
4,000
|
$901,840,000 | 1.75% |
| Chegg Inc |
1,030.43%
260,000
|
$821,600,000 | 1.60% |
| BILL Holdings Inc |
200.00%
15,000
|
$789,300,000 | 1.53% |
| Axcelis Technologies Inc |
97.87%
5,000
|
$710,950,000 | 1.38% |
| ON Semiconductor Corp. |
Opened
10,000
|
$685,500,000 | 1.33% |
| PayPal Holdings Inc |
1,624.14%
10,000
|
$580,300,000 | 1.13% |
| Enovix Corp |
50.00%
30,000
|
$463,800,000 | 0.90% |
| Itron Inc. |
64.88%
4,565
|
$451,752,000 | 0.88% |
| Corning, Inc. |
129.20%
11,460
|
$445,221,000 | 0.87% |
| Fastly Inc |
900.00%
50,000
|
$368,500,000 | 0.72% |
| Solaredge Technologies Inc |
13.33%
13,000
|
$328,380,000 | 0.64% |
| ABB Ltd. |
Closed
7,000
|
$324,520,000 | |
| Koninklijke Philips Nv |
135.22%
11,761
|
$296,377,000 | 0.58% |
| Sunrun Inc |
19.33%
71,600
|
$228,176,000 | 0.44% |
| Stmicroelectronics Nv |
400.00%
5,000
|
$196,400,000 | 0.38% |
| Evgo Inc |
100.00%
60,000
|
$147,000,000 | 0.29% |
| Honeywell International Inc |
94.20%
580
|
$123,853,000 | 0.24% |
| Power Integrations Inc. |
97.34%
1,598
|
$112,164,000 | 0.22% |
| Sunpower Corp |
No change
29,931
|
$88,596,000 | 0.17% |
| Sunnova Energy International Inc |
200.00%
15,000
|
$83,700,000 | 0.16% |
| Carrier Global Corporation |
99.17%
1,000
|
$63,080,000 | 0.12% |
| Arq, Inc. |
Closed
6,800
|
$44,064,000 | |
| Arq Inc |
66.00%
6,800
|
$41,276,000 | 0.08% |
| Curaleaf Holdings Inc |
25.00%
10,000
|
$38,500,000 | 0.07% |
| Amtech Systems Inc. |
Closed
6,600
|
$35,706,000 | |
| Intevac, Inc. |
16.00%
5,800
|
$22,388,000 | 0.04% |
| Orion Energy Systems Inc |
206.68%
14,000
|
$15,540,000 | 0.03% |
| Jazz Pharmaceuticals plc |
Closed
120
|
$14,450,000 | |
| Accelleron Industries Ag |
99.53%
350
|
$13,636,000 | 0.03% |
| Orion Energy Systems Inc |
Closed
14,000
|
$12,183,000 | |
| Maxeon Solar Technologies, Ltd. |
Closed
2,491
|
$8,295,000 | |
| Swvl Holdings Corp Warrant |
Closed
13,333
|
$227,000 | |
| Swvl Holdings Corp |
33.33%
13,333
|
$188,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 53 holdings | |||
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