Managers / Q3 2025 · view latest →
Firsthand Capital Management, Inc.
CIK 0001476179 · 150 ALMADEN BLVD., SUITE 1250, SAN JOSE, CA, 95113 · 408-624-9530
Reported Value
$60M
Q3 2025
Positions
49
Filings on Record
29
2019–present window
Filed
Nov 14, 2025
original filing
Summary
Firsthand Capital Management, Inc. reported $60M in U.S.-listed holdings across 49 positions for Q3 2025.
Its largest position, ROKU, represents 12.6% of the portfolio.
Compared with Q2 2025, the fund opened 11 new positions and exited 13.
Portfolio Metrics
Turnover
+19.7%
vs prior filed quarter
Top-10 Concentration
+66.4%
share of reported value
Largest Position
+12.6%
Roku
New / Exited
11 / 13
positions this quarter
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
13F Reported Value
Portfolio Composition
By security type
- Common Stock · 97.3% · $58M
- REIT · 1.3% · $783,240
- Other · 0.8% · $503,650
- NY Reg Shrs · 0.5% · $276,564
- ADR · 0.0% · $29,358
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| AVGOBROADCOM INC | NEW | +5.0K | 5.0K | +$2M | $2M |
| EQIXEQUINIX INC | NEW | +1.0K | 1.0K | +$783,240 | $783,240 |
| UPSTUPSTART HOLDINGS INC | NEW | +10.0K | 10.0K | +$508,000 | $508,000 |
| BWXTBWX TECHNOLOGIES INC | NEW | +2.0K | 2.0K | +$368,740 | $368,740 |
| GEVGE VERNOVA INC | NEW | +400 | 400 | +$245,960 | $245,960 |
| WOLFWOLFSPEED INC | NEW | +7.3K | 7.3K | +$210,153 | $210,153 |
| MPWRMONOLITHIC POWER SYSTEMS INC | NEW | +200 | 200 | +$184,128 | $184,128 |
| SMRNUSCALE POWER CORP | NEW | +5.0K | 5.0K | +$180,000 | $180,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
47 positions (from 49 filing rows — )
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ROKUROKU INChistory → | Common Stock | 12.61% | $8M | 75.0K |
| 2 | PLTRPALANTIR TECHNOLOGIES INChistory → | Common Stock | 11.02% | $7M | 36.0K |
| 3 | NFLXNETFLIX INChistory → | Common Stock | 9.06% | $5M | 4.5K |
| 4 | DOMODOMO INChistory → | Common Stock | 6.65% | $4M | 250.0K |
| 5 | RKLBROCKET LAB CORPhistory → | Common Stock | 5.63% | $3M | 70.0K |
| 6 | OKLOOKLO INChistory → | Common Stock | 5.62% | $3M | 30.0K |
| 7 | ANETARISTA NETWORKS INChistory → | Common Stock | 4.40% | $3M | 18.0K |
| 8 | UBERUBER TECHNOLOGIES INChistory → | Common Stock | 4.11% | $2M | 25.0K |
| 9 | TOSTTOAST INChistory → | Common Stock | 3.68% | $2M | 60.0K |
| 10 | HOODROBINHOOD MARKETS INChistory → | Common Stock | 3.61% | $2M | 15.0K |
| 11 | SOFISOFI TECHNOLOGIES INChistory → | Common Stock | 3.55% | $2M | 80.0K |
| 12 | PANWPALO ALTO NETWORKS INChistory → | Common Stock | 3.42% | $2M | 10.0K |
| 13 | AVGOBROADCOM INChistory → | Common Stock | 2.77% | $2M | 5.0K |
| 14 | MDBMONGODB INChistory → | Common Stock | 2.61% | $2M | 5.0K |
| 15 | ZSZSCALER INChistory → | Common Stock | 2.52% | $1M | 5.0K |
| 16 | BEBLOOM ENERGY CORPhistory → | Common Stock | 2.13% | $1M | 15.0K |
| 17 | COHRCOHERENT CORPhistory → | Common Stock | 1.81% | $1M | 10.0K |
| 18 | PWRQUANTA SERVICES INChistory → | Common Stock | 1.46% | $870,282 | 2.1K |
| 19 | ASPNASPEN AEROGELS INChistory → | Common Stock | 1.46% | $870,000 | 125.0K |
| 20 | EQIXEQUINIX INChistory → | Common Stock | 1.31% | $783,240 | 1.0K |
| 21 | GLWCORNING INC | Common Stock | 0.89% | $529,914 | 6.5K |
| 22 | UPSTUPSTART HOLDINGS INC | Common Stock | 0.85% | $508,000 | 10.0K |
| 23 | ABB LTD | Common Stock | 0.85% | $503,650 | 7.0K |
| 24 | FSLRFIRST SOLAR INC | Common Stock | 0.74% | $441,060 | 2.0K |
| 25 | ONON SEMICONDUCTOR CORP | Common Stock | 0.66% | $394,480 | 8.0K |
| 26 | CHGGCHEGG INC | Common Stock | 0.66% | $392,600 | 260.0K |
| 27 | ACLSAXCELIS TECHNOLOGIES INC | Common Stock | 0.66% | $390,560 | 4.0K |
| 28 | BWXTBWX TECHNOLOGIES INC | Common Stock | 0.62% | $368,740 | 2.0K |
| 29 | COINCOINBASE GLOBAL INC | Common Stock | 0.57% | $337,490 | 1.0K |
| 30 | SPWRCOMPLETE SOLARIA INC | Common Stock | 0.44% | $264,000 | 150.0K |
| 31 | ITRIITRON INC | Common Stock | 0.42% | $249,120 | 2.0K |
| 32 | GEVGE VERNOVA INC | Common Stock | 0.41% | $245,960 | 400 |
| 33 | WOLFWOLFSPEED INC | Common Stock | 0.35% | $210,153 | 7.3K |
| 34 | ORAORMAT TECHNOLOGIES INC | Common Stock | 0.32% | $192,500 | 2.0K |
| 35 | MPWRMONOLITHIC POWER SYSTEMS INC | Common Stock | 0.31% | $184,128 | 200 |
| 36 | SMRNUSCALE POWER CORP | Common Stock | 0.30% | $180,000 | 5.0K |
| 37 | STMSTMICROELECTRONICS NV | Common Stock | 0.24% | $141,300 | 5.0K |
| 38 | PHGKONINKLIJKE PHILIPS NV | Common Stock | 0.23% | $135,264 | 5.0K |
| 39 | HONHONEYWELL INTERNATIONAL INC | Common Stock | 0.20% | $122,090 | 580 |
| 40 | COURCOURSERA INC | Common Stock | 0.20% | $117,100 | 10.0K |
| 41 | SEDGSOLAREDGE TECHNOLOGIES INC | Common Stock | 0.19% | $111,000 | 3.0K |
| 42 | ENPHENPHASE ENERGY INC | Common Stock | 0.18% | $106,170 | 3.0K |
| 43 | CARRCARRIER GLOBAL CORP | Common Stock | 0.10% | $59,700 | 1.0K |
| 44 | ARQARQ INC | Common Stock | 0.08% | $48,688 | 6.8K |
| 45 | CHPTCHARGEPOINT HOLDINGS INC | Common Stock | 0.05% | $32,760 | 3.0K |
| 46 | ACLLYACCELLERON INDUSTRIES AG | Common Stock | 0.05% | $29,358 | 350 |
| 47 | OESXORION ENERGY SYSTEMS INC | Common Stock | 0.02% | $12,236 | 1.4K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $47M | 47 | May 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $54M | 47 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $60M | 49 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $56M | 49 | Aug 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $41M | 47 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $48M | 48 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $51M | 46 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $51M | 48 | Aug 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $61M | 52 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $72M | 53 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $69M | 47 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $83M | 56 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $92M | 46 | May 18, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $86M | 43 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $110M | 43 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $116M | 46 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $192M | 47 | May 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $263M | 51 | Feb 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $335M | 55 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $399M | 57 | Aug 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $357M | 61 | May 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $368M | 56 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $252M | 51 | Nov 10, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $219M | 48 | Aug 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $126M | 47 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $257M | 53 | Feb 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $248M | 55 | Nov 7, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $260M | 49 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $268M | 47 | May 14, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.