Venrock Management V is an investment fund managing more than $672 million ran by David Stepp. There are currently 2 companies in Mr. Stepp’s portfolio. The largest investments include Cloudflare Inc and Castlight Health Inc, together worth $672 million.
As of 6th August 2021, Venrock Management V’s top holding is 6,318,148 shares of Cloudflare Inc currently worth over $669 million and making up 99.6% of the portfolio value.
Relative to the number of outstanding shares of Cloudflare Inc, Venrock Management V owns more than approximately 0.1% of the company.
In addition, the fund holds 1,133,948 shares of Castlight Health Inc worth $2.98 million, whose value fell approximately 0.1% in the past six months.
Currently, Venrock Management V's portfolio is worth at least $672 million. 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.
The Venrock Management V office and employees reside in Palo Alto, California. According to the last 13-F report filed with the SEC, David Stepp serves as the Authorized Signatory at Venrock Management V.
There are companies that Venrock Management V is getting rid of from its portfolio.
Venrock Management V closed its position in Constellation Pharmaceutical on 13th August 2021.
It sold the previously owned 1,570,058 shares for $36.7 million.
David Stepp also disclosed a decreased stake in Cloudflare Inc by 0.5%.
This leaves the value of the investment at $669 million and 6,318,148 shares.
The two most similar investment funds to Venrock Management V are Teton Advisors and Endeavour Capital Advisors Inc. They manage $672 million and $672 million respectively.
Venrock Management V’s portfolio is diversified across 2 sectors.
Currently, their heaviest sector is Technology — making up 99.6% of
the total portfolio value.
The fund focuses on investments in the United States as
100.0% 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
50% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $19.1 billion.
These positions were updated on August 13th 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 |
|---|---|---|---|
| Cloudflare Inc |
52.68%
6,318,148
|
$668,713,000 | 99.56% |
| Constellation Pharmaceutical |
Closed
1,570,058
|
$36,724,000 | |
| Castlight Health Inc |
No change
1,133,948
|
$2,982,000 | 0.44% |
| No transactions found | |||
| Showing first 500 out of 3 holdings | |||