Norwest Venture Partners X L P 13F annual report
Norwest Venture Partners X L P is an investment fund managing more than $38.6 million ran by Matthew Dominicis. There are currently 2 companies in Mr. Dominicis’s portfolio. The largest investments include LendingClub and Borqs Technologies, Inc., together worth $38.6 million.
$38.6 million Assets Under Management (AUM)
As of 7th October 2020, Norwest Venture Partners X L P’s top holding is 2,564,404 shares of LendingClub currently worth over $33.5 million and making up 86.8% of the portfolio value.
Relative to the number of outstanding shares of LendingClub, Norwest Venture Partners X L P owns more than approximately 0.1% of the company.
In addition, the fund holds 3,033,482 shares of Borqs Technologies, Inc. worth $5.1 million.
Currently, Norwest Venture Partners X L P's portfolio is worth at least $38.6 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 Norwest Venture Partners X L P
The Norwest Venture Partners X L P office and employees reside in Palo Alto, California. According to the last 13-F report filed with the SEC, Matthew Dominicis serves as the Chief Financial Officer at Norwest Venture Partners X L P.
Recent trades
In the most recent 13F filing, Norwest Venture Partners X L P revealed that it had opened a new position in
LendingClub and bought 2,564,404 shares worth $33.5 million.
On the other hand, there are companies that Norwest Venture Partners X L P is getting rid of from its portfolio.
Norwest Venture Partners X L P closed its position in LendingClub on 15th October 2019.
It sold the previously owned 12,822,020 shares for $42.1 million.
One of the smallest hedge funds
The two most similar investment funds to Norwest Venture Partners X L P are Chicago Capital Management and Portland Ltd. They manage $38.6 million and $38.7 million respectively.
Matthew Dominicis investment strategy
Norwest Venture Partners X L P’s portfolio is diversified across 2 sectors.
Currently, their heaviest sector is Finance — making up 86.8% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% 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
approximately 0.1% 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 $322 million.
The complete list of Norwest Venture Partners X L P trades based on 13F SEC filings
These positions were updated on October 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 |
|---|---|---|---|
| LendingClub Corp. |
Closed
12,822,020
|
$42,056,000 | |
| LendingClub Corp. |
Opened
2,564,404
|
$33,542,000 | 86.81% |
| Borqs Technologies, Inc. |
No change
3,033,482
|
$5,096,000 | 13.19% |
| No transactions found | |||
| Showing first 500 out of 3 holdings | |||
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