ALTEX Portfolio

Firsthand Alternative Energy Fund

Complete Portfolio

As of September 30, 2020

Security Market Value % Assets
SolarEdge Technologies, Inc. $ 1,668,450 18.87%
Cree, Inc.E $ 509,920 5.77%
Vivint Solar, Inc. $ 508,200 5.75%
Vestas Wind Systems A/S $ 487,239 5.51%
Enphase Energy, Inc. $ 412,950 4.67%
Sunrun, Inc. $ 385,350 4.36%
Aspen Aerogels, Inc. $ 383,250 4.33%
Itron, Inc. $ 338,018 3.82%
First Solar, Inc. $ 331,000 3.74%
Iberdrola S.A. $ 289,518 3.27%
Koninklijke (Royal) Philips Electronics N.V. $ 277,572 3.14%
Quanta Services, Inc. $ 264,300 2.99%
SunPower Corp. - Class B $ 249,337 2.82%
Corning, Inc. $ 209,369 2.37%
Gamesa Corporacion Tecnologica, S.A. $ 196,841 2.23%
ABB LTD. $ 178,150 2.01%
Orion Energy Systems, Inc. $ 105,980 1.20%
ULVAC $ 97,411 1.10%
GW Pharmaceuticals plc $ 97,350 1.10%
Honeywell International, Inc. $ 95,474 1.08%
Power Integrations, Inc. $ 88,529 1.00%
Covanta Holding Corp. $ 77,500 0.88%
Curaleaf Holdings, Inc. $ 72,680 0.82%
Raytheon Technologies Corp. $ 57,540 0.65%
Motech Industries, Inc. $ 50,776 0.57%
Maxeon Solar Technologies LTD $ 42,247 0.48%
Amtech Systems, Inc. $ 32,274 0.36%
Intevac, Inc. $ 31,958 0.36%
Otis Worldwide Corp $ 31,210 0.35%
Carrier Global Corp. $ 30,540 0.35%
Advanced Emissions Solutions, Inc $ 27,608 0.31%
Sharp Corp. $ 13,538 0.15%
Resideo Technologies, Inc. $ 2,893 0.03%
Garrett Motion, Inc. $ 545 0.01%
Silicon Genesis Corp. $ 329 0.00%
GrowLife, Inc. $ 1 0.00%
CASH $ 1,197,048 13.54%
TOTAL: $8,842,894 100.00%
* 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.