Meritech Capital Associates Iv L.L.C 13F annual report
Meritech Capital Associates Iv L.L.C is an investment fund managing more than $76.7 million ran by Joel Backman. There are currently 2 companies in Mr. Backman’s portfolio. The largest investments include ForgeRock and Sonendo, together worth $76.7 million.
$76.7 million Assets Under Management (AUM)
As of 8th August 2022, Meritech Capital Associates Iv L.L.C’s top holding is 3,463,200 shares of ForgeRock currently worth over $74.2 million and making up 96.7% of the portfolio value.
Relative to the number of outstanding shares of ForgeRock, Meritech Capital Associates Iv L.L.C owns more than 0.3% of the company.
In addition, the fund holds 1,468,977 shares of Sonendo worth $2.53 million, whose value fell 71.7% in the past six months.
Currently, Meritech Capital Associates Iv L.L.C's portfolio is worth at least $76.7 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Meritech Capital Associates Iv L.L.C
The Meritech Capital Associates Iv L.L.C office and employees reside in Palo Alto, California. According to the last 13-F report filed with the SEC, Joel Backman serves as the Attorney in Fact at Meritech Capital Associates Iv L.L.C.
Recent trades
In the most recent 13F filing, Meritech Capital Associates Iv L.L.C revealed that it had opened a new position in
ForgeRock and bought 3,463,200 shares worth $74.2 million.
On the other hand, there are companies that Meritech Capital Associates Iv L.L.C is getting rid of from its portfolio.
Meritech Capital Associates Iv L.L.C closed its position in Anaplan Inc on 15th August 2022.
It sold the previously owned 0 shares for $0.
One of the smallest hedge funds
The two most similar investment funds to Meritech Capital Associates Iv L.L.C are Pw Partners Capital Management and Elemental Capital Partners. They manage $76.7 million and $76.8 million respectively.
Joel Backman investment strategy
Meritech Capital Associates Iv L.L.C’s portfolio is diversified across 2 sectors.
Currently, their heaviest sector is Technology — making up 96.7% of
the total portfolio value.
The fund focuses on investments in the United States as
100.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
50% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $793 million.
The complete list of Meritech Capital Associates Iv L.L.C trades based on 13F SEC filings
These positions were updated on August 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| ForgeRock, Inc. |
Opened
3,463,200
|
$74,182,000 | 96.71% |
| Sonendo, Inc. |
Opened
1,468,977
|
$2,527,000 | 3.29% |
| Anaplan Inc |
No change
0
|
$0 | |
| No transactions found | |||
| Showing first 500 out of 3 holdings | |||
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