Meritech Capital Associates Vi L.L.C is an investment fund managing more than $103 million ran by Joel Backman. There are currently 6 companies in Mr. Backman’s portfolio. The largest investments include Snowflake and Braze, Inc., together worth $60.7 million.
As of 7th August 2023, Meritech Capital Associates Vi L.L.C’s top holding is 275,749 shares of Snowflake currently worth over $38.3 million and making up 37.2% of the portfolio value.
Relative to the number of outstanding shares of Snowflake, Meritech Capital Associates Vi L.L.C owns more than approximately 0.1% of the company.
In addition, the fund holds 616,667 shares of Braze, Inc. worth $22.3 million.
The third-largest holding is Bright Health worth $19.3 million and the next is UiPath worth $15.5 million, with 854,320 shares owned.
Currently, Meritech Capital Associates Vi L.L.C's portfolio is worth at least $103 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.
The Meritech Capital Associates Vi 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 Vi L.L.C.
In the most recent 13F filing, Meritech Capital Associates Vi L.L.C revealed that it had opened a new position in
Braze, Inc. and bought 616,667 shares worth $22.3 million.
On the other hand, Joel Backman disclosed a decreased stake in UiPath by 0.3%.
This leaves the value of the investment at $15.5 million and 854,320 shares.
The two most similar investment funds to Meritech Capital Associates Vi L.L.C are Prime Movers Lab and Versant Venture Management. They manage $84.4 billion and $84.3 billion respectively.
Meritech Capital Associates Vi L.L.C’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Technology — making up 59.6% of
the total portfolio value.
The fund focuses on investments in the United States as
83.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
17% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $13.3 billion.
These positions were updated on August 14th 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 |
|---|---|---|---|
| Snowflake Inc. |
No change
275,749
|
$38,346,000 | 37.23% |
| Braze, Inc. |
Opened
616,667
|
$22,342,000 | 21.69% |
| Bright Health Group Inc. |
No change
10,600,380
|
$19,293,000 | 18.73% |
| UiPath, Inc. |
33.52%
854,320
|
$15,540,000 | 15.09% |
| Twilio Inc |
50.81%
57,879
|
$4,851,000 | 4.71% |
| JFrog Ltd |
No change
125,000
|
$2,634,000 | 2.56% |
| No transactions found | |||
| Showing first 500 out of 6 holdings | |||