SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Firsthand Capital Management, Inc.

CIK 0001476179 · 150 ALMADEN BLVD., SUITE 1250, SAN JOSE, CA, 95113 · 408-624-9530

Reported Value
$54M
Q4 2025
Positions
47
Filings on Record
29
2019–present window
Filed
Feb 13, 2026
original filing

Summary

Firsthand Capital Management, Inc. reported $54M in U.S.-listed holdings across 47 positions for Q4 2025.

Its largest position, ROKU, represents 15.1% of the portfolio.

Compared with Q3 2025, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+6.2%
vs prior filed quarter
Top-10 Concentration
+66.6%
share of reported value
Largest Position
+15.1%
Roku
New / Exited
2 / 2
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
Q1 ’19: $268MQ1 ’19Q2 ’19: $260MQ3 ’19: $248MQ4 ’19: $257MQ1 ’20: $126MQ1 ’20Q2 ’20: $219MQ3 ’20: $252MQ4 ’20: $368MQ1 ’21: $357MQ1 ’21Q2 ’21: $399MQ3 ’21: $335MQ4 ’21: $263MQ1 ’22: $192MQ1 ’22Q2 ’22: $116MQ3 ’22: $110MQ4 ’22: $86MQ1 ’23: $92MQ1 ’23Q2 ’23: $83MQ3 ’23: $69MQ4 ’23: $72MQ1 ’24: $61MQ1 ’24Q2 ’24: $51MQ3 ’24: $51MQ4 ’24: $48MQ1 ’25: $41MQ1 ’25Q2 ’25: $56MQ3 ’25: $60MQ4 ’25: $54MQ1 ’26: $47MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 98.5%ADR: 1.0%NY Reg Shrs: 0.5%
  • Common Stock · 98.5% · $53M
  • ADR · 1.0% · $544,924
  • NY Reg Shrs · 0.5% · $264,071

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ABBNYABB LTDNEW+7.0K7.0K+$517,790$517,790
SOLSSOLSTICE ADVANCED MATERIALS INCNEW+145145+$7,044$7,044
NFLXNETFLIX INCADDED+40.5K45.0K−$1M$4M
EQIXEQUINIX INCSOLD OUT−1.0K0−$783,240$0
ABB LTDSOLD OUT−7.0K0−$503,650$0
FSLRFIRST SOLAR INCTRIMMED−1.0K1.0K−$179,830$261,230
BEBLOOM ENERGY CORPTRIMMED−3.0K12.0K−$225,870$1M
RKLBROCKET LAB CORPTRIMMED−10.0K60.0K+$831,900$4M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ROKUROKU INChistory →Common Stock15.11%$8M75.0K
2PLTRPALANTIR TECHNOLOGIES INChistory →Common Stock11.88%$6M36.0K
3NFLXNETFLIX INChistory →Common Stock7.83%$4M45.0K
4RKLBROCKET LAB CORPhistory →Common Stock7.77%$4M60.0K
5ANETARISTA NETWORKS INChistory →Common Stock4.38%$2M18.0K
6OKLOOKLO INChistory →Common Stock4.00%$2M30.0K
7TOSTTOAST INChistory →Common Stock3.96%$2M60.0K
8DOMODOMO INChistory →Common Stock3.91%$2M250.0K
9MDBMONGODB INChistory →Common Stock3.90%$2M5.0K
10SOFISOFI TECHNOLOGIES INChistory →Common Stock3.89%$2M80.0K
11UBERUBER TECHNOLOGIES INChistory →Common Stock3.79%$2M25.0K
12COHRCOHERENT CORPhistory →Common Stock3.43%$2M10.0K
13PANWPALO ALTO NETWORKS INChistory →Common Stock3.42%$2M10.0K
14AVGOBROADCOM INChistory →Common Stock3.21%$2M5.0K
15HOODROBINHOOD MARKETS INChistory →Common Stock3.15%$2M15.0K
16ZSZSCALER INChistory →Common Stock2.09%$1M5.0K
17BEBLOOM ENERGY CORPhistory →Common Stock1.94%$1M12.0K
18PWRQUANTA SERVICES INChistory →Common Stock1.65%$886,3262.1K
19GLWCORNING INChistory →Common Stock1.05%$565,6386.5K
20ABBNYABB LTDCommon Stock0.96%$517,7907.0K
21UPSTUPSTART HOLDINGS INCCommon Stock0.81%$437,30010.0K
22ONON SEMICONDUCTOR CORPCommon Stock0.80%$433,2008.0K
23ASPNASPEN AEROGELS INCCommon Stock0.66%$353,750125.0K
24BWXTBWX TECHNOLOGIES INCCommon Stock0.64%$345,6802.0K
25ACLSAXCELIS TECHNOLOGIES INCCommon Stock0.60%$321,3604.0K
26GEVGE VERNOVA INCCommon Stock0.49%$261,428400
27FSLRFIRST SOLAR INCCommon Stock0.48%$261,2301.0K
28CHGGCHEGG INCCommon Stock0.45%$241,800260.0K
29SPWRCOMPLETE SOLARIA INCCommon Stock0.44%$235,500150.0K
30COINCOINBASE GLOBAL INCCommon Stock0.42%$226,1401.0K
31ORAORMAT TECHNOLOGIES INCCommon Stock0.41%$220,9402.0K
32ITRIITRON INCCommon Stock0.34%$185,7202.0K
33MPWRMONOLITHIC POWER SYSTEMS INCCommon Stock0.34%$181,272200
34PHGKONINKLIJKE PHILIPS NVCommon Stock0.25%$134,3715.0K
35STMSTMICROELECTRONICS NVCommon Stock0.24%$129,7005.0K
36WOLFWOLFSPEED INCCommon Stock0.24%$127,9647.3K
37HONHONEYWELL INTERNATIONAL INCCommon Stock0.21%$113,152580
38ENPHENPHASE ENERGY INCCommon Stock0.18%$96,1503.0K
39SEDGSOLAREDGE TECHNOLOGIES INCCommon Stock0.16%$86,5503.0K
40COURCOURSERA INCCommon Stock0.14%$73,60010.0K
41SMRNUSCALE POWER CORPCommon Stock0.13%$70,8505.0K
42CARRCARRIER GLOBAL CORPCommon Stock0.10%$52,8401.0K
43ACLLYACCELLERON INDUSTRIES AGCommon Stock0.05%$27,134350
44ARQARQ INCCommon Stock0.04%$22,2366.8K
45OESXORION ENERGY SYSTEMS INCCommon Stock0.04%$21,5321.4K
46CHPTCHARGEPOINT HOLDINGS INCCommon Stock0.04%$19,9203.0K
47SOLSSOLSTICE ADVANCED MATERIALS INCCommon Stock0.01%$7,044145

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$47M47May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$54M47Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$60M49Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$56M49Aug 15, 202513F-HRchanges · EDGAR ↗
Q1 2025$41M47May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$48M48Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$51M46Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$51M48Aug 15, 202413F-HRchanges · EDGAR ↗
Q1 2024$61M52May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$72M53Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$69M47Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$83M56Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$92M46May 18, 202313F-HRchanges · EDGAR ↗
Q4 2022$86M43Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$110M43Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$116M46Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$192M47May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$263M51Feb 15, 202213F-HRchanges · EDGAR ↗
Q3 2021$335M55Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$399M57Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$357M61May 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$368M56Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$252M51Nov 10, 202013F-HRchanges · EDGAR ↗
Q2 2020$219M48Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$126M47May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$257M53Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$248M55Nov 7, 201913F-HRchanges · EDGAR ↗
Q2 2019$260M49Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$268M47May 14, 201913F-HRchanges · 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 ↗.