Foundation Capital 13F annual report

Foundation Capital is an investment fund managing more than $87 million ran by David Armstrong. There are currently 4 companies in Mr. Armstrong’s portfolio. The largest investments include Doma Holdings Inc and LendingClub Corp, together worth $69.8 million.

$87 million Assets Under Management (AUM)

As of 8th August 2022, Foundation Capital’s top holding is 44,777,155 shares of Doma Holdings Inc currently worth over $46.1 million and making up 53.0% of the portfolio value. In addition, the fund holds 2,026,428 shares of LendingClub Corp worth $23.7 million, whose value fell 16.0% in the past six months. The third-largest holding is Rover Group Inc worth $15.1 million and the next is Enova International worth $2.09 million, with 72,520 shares owned.

Currently, Foundation Capital's portfolio is worth at least $87 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Foundation Capital

The Foundation Capital office and employees reside in Palo Alto, California. According to the last 13-F report filed with the SEC, David Armstrong serves as the Administrative Partner & General Counsel at Foundation Capital.

Recent trades

There are companies that Foundation Capital is getting rid of from its portfolio. Foundation Capital closed its position in Transphorm Inc on 15th August 2022. It sold the previously owned 136,004 shares for $962 thousand.

One of the smallest hedge funds

The two most similar investment funds to Foundation Capital are Share Andrew L and Bankers Trust Co. They manage $87 million and $86.9 million respectively.

David Armstrong investment strategy

Foundation Capital’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Finance — making up 29.6% of the total portfolio value. The fund focuses on investments in the United States as 50.0% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up approximately 0.1% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $1.47 billion.

The complete list of Foundation Capital trades based on 13F SEC filings

These positions were updated on August 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Doma Holdings Inc	No change 44,777,155	$46,120,000	52.99%
LendingClub Corp	No change 2,026,428	$23,689,000	27.22%
Rover Group Inc	No change 4,024,229	$15,131,000	17.39%
Enova International Inc.	No change 72,520	$2,090,000	2.40%
Transphorm Inc	Closed 136,004	$962,000
No transactions found
Showing first 500 out of 5 holdings