Firsthand Capital Management 13F annual report

Firsthand Capital Management is an investment fund managing more than $51.4 billion ran by Kevin Landis. There are currently 44 companies in Mr. Landis’s portfolio. The largest investments include Roku Inc and Wolfspeed Inc, together worth $8.98 billion.

Limited to 30 biggest holdings

$51.4 billion Assets Under Management (AUM)

As of 8th August 2024, Firsthand Capital Management’s top holding is 75,000 shares of Roku Inc currently worth over $4.49 billion and making up 8.7% of the portfolio value. Relative to the number of outstanding shares of Roku Inc, Firsthand Capital Management owns more than approximately 0.1% of the company. In addition, the fund holds 187,000 shares of Wolfspeed Inc worth $4.49 billion. The third-largest holding is Kratos Defense & Security Solutions Inc worth $4.1 billion and the next is Zscaler Inc worth $3.84 billion, with 20,000 shares owned.

Currently, Firsthand Capital Management's portfolio is worth at least $51.4 billion. 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 Firsthand Capital Management

The Firsthand Capital Management office and employees reside in San Jose, California. According to the last 13-F report filed with the SEC, Kevin Landis serves as the President at Firsthand Capital Management.

Recent trades

In the most recent 13F filing, Firsthand Capital Management revealed that it had opened a new position in ON Semiconductor and bought 10,000 shares worth $686 million. This means they effectively own approximately 0.1% of the company. ON Semiconductor makes up 2.9% of the fund's Technology sector allocation and has decreased its share price by 24.5% in the past year.

The investment fund also strengthened its position in Roku Inc by buying 73,402 additional shares. This makes their stake in Roku Inc total 75,000 shares worth $4.49 billion. Roku Inc dropped 32.0% in the past year.

On the other hand, there are companies that Firsthand Capital Management is getting rid of from its portfolio. Firsthand Capital Management closed its position in Palantir Technolgies, Inc. on 15th August 2024. It sold the previously owned 100,000 shares for $2.3 billion. Kevin Landis also disclosed a decreased stake in Netflix by 0.9%. This leaves the value of the investment at $3.37 billion and 5,000 shares.

One of the smallest hedge funds

The two most similar investment funds to Firsthand Capital Management are Center Lake Capital Management and Riverwood Capital Management. They manage $51.5 billion and $51.7 billion respectively.


Kevin Landis investment strategy

Firsthand Capital Management’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Technology — making up 46.3% of the total portfolio value. The fund focuses on investments in the United States as 72.7% 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 41% of the total holdings value. On the other hand, small-cap stocks make up only 2.3% of the portfolio. The average market cap of the portfolio companies is close to $22.4 billion.

The complete list of Firsthand Capital Management 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
Roku Inc
4,593.37%
75,000
$4,494,750,000 8.74%
Wolfspeed Inc
3.89%
187,000
$4,486,770,000 8.72%
Kratos Defense & Security Solutions Inc
1,950.00%
205,000
$4,102,050,000 7.98%
Zscaler Inc
5,614.29%
20,000
$3,843,800,000 7.47%
Netflix Inc.
85.71%
5,000
$3,374,400,000 6.56%
Aspen Aerogels Inc.
75.00%
105,000
$2,504,250,000 4.87%
Palantir Technolgies, Inc.
Closed
100,000
$2,301,000,000
Enphase Energy Inc
91.15%
23,000
$2,293,330,000 4.46%
Monday.com Ltd.
Closed
10,000
$2,258,700,000
Palantir Technologies Inc.
632.76%
85,000
$2,153,050,000 4.19%
DocuSign Inc
33.33%
40,000
$2,140,000,000 4.16%
Pagerduty Inc
691.35%
90,000
$2,063,700,000 4.01%
MongoDB Inc
125.00%
9,000
$2,041,320,000 3.97%
Domo Inc.
No change
230,000
$1,775,600,000 3.45%
Palo Alto Networks Inc
83.33%
5,000
$1,695,050,000 3.30%
Cloudflare Inc
60.00%
20,000
$1,656,600,000 3.22%
Workday Inc
20.69%
7,000
$1,564,920,000 3.04%
Monday.com Ltd
50.00%
5,000
$1,203,800,000 2.34%
Quanta Services, Inc.
40.00%
14,000
$1,087,960,000 2.12%
Okta Inc
12.74%
10,000
$936,100,000 1.82%
First Solar Inc
20.00%
4,000
$901,840,000 1.75%
Chegg Inc
1,030.43%
260,000
$821,600,000 1.60%
BILL Holdings Inc
200.00%
15,000
$789,300,000 1.53%
Axcelis Technologies Inc
97.87%
5,000
$710,950,000 1.38%
ON Semiconductor Corp.
Opened
10,000
$685,500,000 1.33%
PayPal Holdings Inc
1,624.14%
10,000
$580,300,000 1.13%
Enovix Corp
50.00%
30,000
$463,800,000 0.90%
Itron Inc.
64.88%
4,565
$451,752,000 0.88%
Corning, Inc.
129.20%
11,460
$445,221,000 0.87%
Fastly Inc
900.00%
50,000
$368,500,000 0.72%
Solaredge Technologies Inc
13.33%
13,000
$328,380,000 0.64%
ABB Ltd.
Closed
7,000
$324,520,000
Koninklijke Philips Nv
135.22%
11,761
$296,377,000 0.58%
Sunrun Inc
19.33%
71,600
$228,176,000 0.44%
Stmicroelectronics Nv
400.00%
5,000
$196,400,000 0.38%
Evgo Inc
100.00%
60,000
$147,000,000 0.29%
Honeywell International Inc
94.20%
580
$123,853,000 0.24%
Power Integrations Inc.
97.34%
1,598
$112,164,000 0.22%
Sunpower Corp
No change
29,931
$88,596,000 0.17%
Sunnova Energy International Inc
200.00%
15,000
$83,700,000 0.16%
Carrier Global Corporation
99.17%
1,000
$63,080,000 0.12%
Arq, Inc.
Closed
6,800
$44,064,000
Arq Inc
66.00%
6,800
$41,276,000 0.08%
Curaleaf Holdings Inc
25.00%
10,000
$38,500,000 0.07%
Amtech Systems Inc.
Closed
6,600
$35,706,000
Intevac, Inc.
16.00%
5,800
$22,388,000 0.04%
Orion Energy Systems Inc
206.68%
14,000
$15,540,000 0.03%
Jazz Pharmaceuticals plc
Closed
120
$14,450,000
Accelleron Industries Ag
99.53%
350
$13,636,000 0.03%
Orion Energy Systems Inc
Closed
14,000
$12,183,000
Maxeon Solar Technologies, Ltd.
Closed
2,491
$8,295,000
Swvl Holdings Corp Warrant
Closed
13,333
$227,000
Swvl Holdings Corp
33.33%
13,333
$188,000 0.00%
No transactions found
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