ALTEX Portfolio

Firsthand Alternative Energy Fund

Complete Portfolio

As of June 30, 2017

Security Market Value % Assets
Power Integrations, Inc. $ 422,747 7.49%
Itron, Inc. $ 377,029 6.68%
Cash $ 315,102 5.58%
First Solar, Inc. $ 279,160 4.95%
Vestas Wind Systems A/S $ 276,600 4.90%
TerraForm Power, Inc. $ 240,000 4.25%
SolarEdge Technologies, Inc. $ 220,000 3.90%
Tesla Motors, Inc. $ 216,966 3.84%
Honeywell International, Inc. $ 210,598 3.73%
3M Co. $ 208,190 3.69%
Koninklijke (Royal) Philips Electronics N.V. $ 206,681 3.66%
Cree, Inc. $ 197,200 3.49%
Corning, Inc. $ 194,123 3.44%
SunPower Corp. - Class B $ 186,156 3.30%
Praxair, Inc. $ 185,570 3.29%
United Technologies Corp. $ 183,165 3.25%
Intevac, Inc. $ 175,380 3.11%
ABB Ltd. $ 174,300 3.09%
Quanta Services, Inc. $ 164,600 2.92%
Iberdrola S.A. $ 159,114 2.82%
Aspen Aerogels, Inc. $ 155,750 2.76%
Gamesa Corporacion Tecnologica, S.A. $ 155,254 2.75%
Covanta Holding Corp. $ 132,000 2.34%
ULVAC, Inc. $ 129,629 2.30%
JA Solar Holdings Co Ltd. $ 82,550 1.46%
Vivint Solar, Inc. $ 70,200 1.24%
Advanced Emissions Solutions, Inc $ 62,288 1.10%
Silver Spring Networks, Inc. $ 56,400 1.00%
Amtech Systems, Inc. $ 55,704 0.99%
Motech Industries, Inc. $ 47,532 0.84%
Sharp Corp. $ 40,782 0.72%
Sunrun, Inc. $ 35,600 0.63%
Orion Energy Systems, Inc. $ 17,920 0.32%
*Silicon Genesis Corp. - Common Stock $ 4,499 0.08%
AdvanSix, Inc. $ 2,593 0.05%
*Silicon Genesis Corp. - Series 1-E $ 1,224 0.02%
Sunedision, Inc. $ 1,054 0.02%
*Silicon Genesis Corp. - Series 1-C $ 175 0.00%
Motech Industry Rights $ 140 0.00%
TOTAL: $ 5,643,975 100.00%
* Indicates private company.

The information provided should not be considered a recommendation to purchase or sell a particular security and there is no assurance that, as of the date of publication, the securities purchased remain in the Fund's portfolio or that securities sold have not been repurchased. Also, you should note that the securities discussed, even if they have been purchased by the Fund, do not represent the Fund's entire portfolio and, in the aggregate, may represent only a small percentage of the Fund's holdings. There can be no assurance that any Firsthand Fund will buy, sell, or hold any particular security after the date referred to in the discussion.

Private companies with valuations of zero have been omitted.

Note: Cash figure is net of receivables and payables.