|Day Low/High||6.38 / 6.61|
|52 Wk Low/High||4.99 / 8.39|
Last week was a very good one for the portfolio as nine of our 13 holdings outperformed our benchmark, the Russell 2000.
We are closely watching the IPO roadshow, and how Lyft ultimately is valued, for its impact on portfolio stock GSV Capital.
Our preferred metric for GSV Capital is net asset value per share, which should continue to benefit from the upcoming Lyft IPO.
We initiated one position and exited another during a tough week for small-cap stocks.
We rang the register on part of a high-flying position and added to another on weakness.
If the IPO is a runaway success, it could very well lead to other companies in GSV’s portfolio to tap the public markets later this year.
Ride-sharing company Lyft has filed its S-1 with the SEC for an initial public offering, which impacts our GSV Capital position.
With the small-cap heavy Russell 2000 leading the major market index pack last week, we saw a number of pronounced moves higher in the portfolio.
Lyft's IPO could be priced in either late March or early April.
Another melt-up for the stock market, together with a late-Friday surge was a positive for several portfolio holdings.
We closed our position in Fitbit for a healthy profit and added twice to USA Technologies last week.
GSV Capital portfolio company Palantir could be the firm's second name, behind Lyft, looking to go public this year.
We booked hefty wins last week exiting Blue Apron and GE and trimming our position in Fitbit.
While the overall stock market finished last week essentially unchanged, the portfolio had several outperformers.
We added one new position and doubled down on another during a very good week for the portfolio.
An expected slowdown in the IPO review process could affect GSV Capital, shares of which are at a price worth a nibble.
We exited two positions last week as the portfolio and the market started off the year in the green.
We added a position in Fitbit, scaled deeper into AcelRx Pharmaceuticals and improved our cost basis in Pitney Bowes.
At 6.2% of its investment portfolio, Lyft is GSV Capital's sixth-largest position and its pending IPO is now the next known catalyst for GSV's shares.
Despite steep declines in the broader market last week, the portfolio had several winners and was helped by our large cash position.
We added to two positions last week, as positive action in the market led the Russell 2000 to climb.
Given the market pressures of last week, there was little room to hide as the gut punches continued to hit small-cap and technology stocks.
Despite swimming against the recent tide with small-cap stocks, we have several positions that are more than holding their own.
For subscribers that are underweight GSV Capital shares, current levels offer a nice opportunity.
We saw a number of our positions rebound along with the market last week.
Look for expectations to be reset as we journey through the September-quarter earnings season.
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