ALTEX Portfolio

Firsthand Alternative Energy Fund

Complete Portfolio

As of March 31, 2020

Security Market Value % Assets
SolarEdge Technologies, Inc. $ 573,160 12.72%
Power Integrations, Inc. $ 512,226 11.37%
Itron, Inc. $ 310,694 6.90%
Cree, Inc. $ 283,680 6.30%
Vestas Wind Systems A/S $ 244,140 5.42%
Koninklijke (Royal) Philips Electronics N.V. $ 231,723 5.14%
Iberdrola S.A. $ 227,627 5.05%
Aspen Aerogels, Inc. $ 214,900 4.77%
First Solar, Inc. $ 180,300 4.00%
Enphase Energy, Inc. $ 161,450 3.58%
Quanta Services, Inc. $ 158,650 3.52%
Linde Plc $ 155,700 3.46%
Corning, Inc. $ 132,688 2.94%
ABB LTD. $ 120,820 2.68%
Gamesa Corporacion Tecnologica, S.A. $ 110,103 2.44%
SunPower Corp. - Class B $ 101,050 2.24%
United Technologies, Inc. $ 94,330 2.09%
GW Pharmaceuticals plc $ 87,570 1.94%
Covanta Holding Corp. $ 85,500 1.90%
Honeywell International, Inc. $ 77,598 1.72%
ULVAC $ 65,036 1.44%
Vivint Solar, Inc. $ 52,440 1.16%
Orion Energy Systems, Inc. $ 51,800 1.15%
Sunrun, Inc. $ 50,500 1.12%
Advanced Emissions Solutions, Inc $ 44,676 0.99%
Curaleaf Holdings, Inc. $ 39,300 0.87%
Amtech Systems, Inc. $ 28,710 0.64%
Amtech Systems, Inc. $ 23,722 0.53%
Sharp Corp. $ 11,611 0.26%
Motech Industries, Inc. $ 9,313 0.21%
Resideo Technologies, Inc. $ 1,273 0.03%
Garrett Motion, Inc. $ 452 0.01%
Silicon Genesis Corp. $ 475 0.01%
GrowLife, Inc. $ 2 0.00%
CASH $ 62,792 1.39%
TOTAL: $4,506,012 100.00%
* 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.