Bulldog Investors Cuts Firsthand Technology Value Fund

Bulldog Investors/Firsthand Technology Value Fund: Philip Goldstein and Andrew Dakos’ Bulldog Investors recently trimmed its position in Firsthand Technology Value Fund (NASDAQ:SVVC), reducing the amount of owned shares to 632,668, from 726,356 held earlier. In this way, Bulldog Investors now holds 7.39% of the company, which is down by around 1.1 percentage points from the position held at the end of last month. At the current price of Firsthand Technology’s stock, the total value of shares owned by Bulldog amounts to $15.9 million.

Firsthand Technology Value Fund

This is not the first bearish move made by Bulldog Investors in Firsthand Technology Value Fund. At the end of last month, Goldstein and Dakos’ fund also sold some shares of the company, reducing the position from 833,900 shares.

Wilmot B. Harkey and Daniel Mack‘s Nantahala Capital Management, and Stanley Shopkorn and Douglas Day‘s Hilltop Park Associates also reported owning stakes in Firsthand Technology Value Fund, holding around 121,000 shares and 44,000 shares respectively.

Disclosure: none

Recommended Reading:

Baker Street Capital Closes Entire Unilens Stake in Buyback

BlueMountain Increases Activist Stake in Eastman Kodak to 20% of Company

How to Play Merger Arbitrage Cliff Asness Style