Citadel Advisors, the investment management firm headed by Ken Griffin, disclosed a 5.3 percent stake in GSV Capital Corp (NASDAQ:GSVC) based on its latest regulatory filing with the Securities and Exchange Commission (SEC).
Citadel’s stock holdings in GSV Capital
The investment management firm significantly increased its stock holdings in GSV Capital Corp (NASDAQ:GSVC) to 1,072,327 shares from 8,300 shares, with 7,600 shares “put option and 2,700 shares “call” option (based on its 13F filing in the second quarter).
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The shares of GSV Capital Corp. (NASDAQ:GSVC) are trading around $16.15 per share, up by 4.26 percent in the mid-afternoon trading in New York. Over the past 52-week range, the stock price of the company climbed from $6.84 to $16.25 per share.
GSV Capital Corp. (NASDAQ:GSV) is an investment fund that primarily invests in high-growth, venture-backed private companies. Its objective is to create a portfolio of high-growth, emerging private companies via a repeatable and disciplined investment process. Its investment portfolio is composed of 45 venture-backed businesses as of June 30, 2013.
Companies filing and IPO
Two of the companies included in its investment portfolio are filing for an initial public offering (IPO), namely Twitter Inc and Chegg Inc. GSV Capital Corp (NASDAQ:GSVC) has an investment of $37.6 million (fair value), or 15.1 percent of net assets in Twitter, and $14 million (fair value), or 5.6 percent of net assets in Chegg.
In a statement, GSV Capita’s founder and CEO Michael Moe, said, “There are a number of exciting catalysts behind the companies in our portfolio, and we are proud to be invested in what we believe are among the most dynamic VC-backed growth businesses in the world. The companies in our portfolio are driving powerful technological, commercial and social forces in today’s growth economy.”
GSV Capital’s investments
GSV Capital Corp (NASDAQ:GSVC) also invested 33 percent of its net assets in technology education, including 2U, Inc., an online education provider, Coursera, Inc., pioneer and leader in massive online open courses (MOOC), and Learnist, Inc., an Internet-based social learning platform.
In addition, the investment fund has investments in Cloud and Big Data, which accounts for 25 percent of its net assets. The company invested in Dropbox, Inc., a cloud-based storage provider, and SugarCRM, Inc., a CRM platform company.
GSV Capital has also investments in Ozy Media, Bloom Energy Corporation, and Gilt Groupe.