GSV Capital (GSVC), Firsthand Tech VF (SVVC) on Watch Following Facebook's (FB) Q2 Results

July 27, 2012 8:00 AM EDT
Investors are keeping an eye on GSV Capital (Nasdaq: GSVC) and Firsthand Technology Value Fund (Nasdaq: SVVC) following Facebook's (Nasdaq: FB) second-quarter earnings report, issued after the market closed Thursday.

It was the first report Facebook made since going public on May 18th. Overall, investors were a little disappointed, with in-line EPS of 12 cents and little in the way of guidance.

At last check, GSV Capital had $10.5 million invested in Facebook, amounting to 3.8 percent of its $150 million IPO fund (according to company data). That puts it fourth, behind names like Dropbox, Twitter, and Violin Memory. Its investment thesis includes:
  • Facebook being a powerful platform, with the potential to become the gateway to the "social" internet; and

  • Facebook will be able to allow a wide variety of third-party companies to use its API and monetize third-party applications.
For Firsthand Technology Value Fund, the company recently disclosed that Facebook was its top holding, at 8 percent of gross assets.

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