ALTEX Portfolio

Firsthand Alternative Energy Fund

Complete Portfolio

As of September 30, 2018

Security Market Value % Assets
Power Integrations, Inc. $ 366,497 7.19%
Itron, Inc. $ 357,273 7.01%
First Solar, Inc. $ 338,940 6.65%
Cree, Inc. $ 302,960 5.94%
SolarEdge Technologies, Inc. $ 263,550 5.17%
Honeywell International, Inc. $ 262,912 5.16%
Koninklijke (Royal) Philips Electronics N.V. $ 262,593 5.15%
Corning, Inc. $ 228,038 4.47%
Praxair, Inc. $ 225,022 4.41%
3M Co. $ 210,710 4.13%
United Technologies Corp. $ 209,715 4.11%
Vestas Wind Systems A/S $ 202,635 3.97%
GW Pharmaceuticals plc $ 172,740 3.39%
Quanta Services, Inc. $ 166,900 3.27%
ABB LTD. $ 165,410 3.24%
Covanta Holding Corp. $ 162,500 3.19%
Aspen Aerogels, Inc. $ 159,950 3.14%
Iberdrola S.A. $ 158,691 3.11%
SunPower Corp. - Class B $ 145,496 2.85%
ULVAC $ 101,351 1.99%
Gamesa Corporacion Tecnologica, S.A. $ 92,018 1.80%
Intevac, Inc. $ 82,160 1.61%
Advanced Emissions Solutions, Inc $ 81,328 1.60%
Vivint Solar, Inc. $ 62,400 1.22%
Sunrun, Inc. $ 62,200 1.22%
Amtech Systems, Inc. $ 35,244 0.69%
Sharp Corp. $ 22,354 0.44%
Motech Industries, Inc. $ 19,304 0.38%
Orion Energy Systems, Inc. $ 13,440 0.26%
AdvanSix, Inc. $ 2,818 0.06%
*Silicon Genesis Corp.-Common Stock $ 2,122 0.04%
*Silicon Genesis Corp.-Series 1-E $ 904 0.02%
*Silicon Genesis Corp.-Series 1-C $ 95 0.00%
Cash $ 158,105 3.10%
TOTAL: $ 5,098,375 100.00%
* 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.