TEFQX Portfolio

Firsthand Technology Opportunities Fund

Complete Portfolio

As of September 30, 2021

Security Market Value % Assets
Roku, Inc. $ 75,204,000 21.24%
Zscaler, Inc. $ 26,222,000 7.41%
Chegg, Inc. $ 21,086,200 5.96%
Domo, Inc. $ 19,421,200 5.49%
Cree, Inc. $ 16,953,300 4.79%
Pivotal Systems Corp. $ 15,921,166 4.50%
DocuSign, Inc. $ 15,445,800 4.36%
Bill.com Holdings, Inc. $ 13,347,500 3.77%
Pinterest, Inc. $ 13,247,000 3.74%
Cloudflare, Inc. $ 11,265,000 3.18%
Twilio, Inc. $ 9,571,500 2.70%
MongoDB,Inc. $ 9,430,200 2.66%
Netflix, Inc. $ 9,155,100 2.59%
Upwork, Inc. $ 9,006,000 2.54%
SolarEdge Technologies, Inc. $ 7,956,600 2.25%
Nutanix, Inc. $ 7,917,000 2.24%
Enphase Energy, Inc. $ 7,498,500 2.12%
Kratos Defense & Security Solutions, Inc. $ 6,246,800 1.76%
Workday, Inc. $ 4,997,800 1.41%
Palo Alto Networks, Inc. $ 4,790,000 1.35%
Zendesk, Inc. $ 4,655,600 1.32%
Coupa Software, Inc. $ 4,383,600 1.24%
2U, Inc. $ 4,364,100 1.23%
PagerDuty, Inc. $ 4,142,000 1.17%
*Revasum, Inc. Common Stock $ 4,025,544 1.14%
Adobe Systems, Inc. $ 2,878,600 0.81%
PayPal Holdings, Inc. $ 2,602,100 0.74%
Okta, Inc. $ 2,373,400 0.67%
Maxar Technologyies, Inc. $ 2,265,600 0.64%
ViaSat, Inc. $ 2,202,800 0.62%
Revasum, Inc. $ 2,185,741 0.62%
AeroVironment, Inc. $ 1,726,400 0.49%
ON Semiconductor Corp. $ 457,700 0.13%
CytoDyn, Inc. $ 441,005 0.12%
Coursera, Inc. $ 316,500 0.09%
Lilium N.V. $ 301,333 0.09%
Net 1 UEPS Technologies, Inc. $ 139,500 0.04%
CASH $ 9,866,787 2.79%
TOTAL: $354,010,976 100.00%

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.