Investing in the Future: Firsthand Capital Management Inc.'s Q3 2022 vs. Q4 2022 Holdings Changes

Firsthand Capital Management, Inc. recently released its holdings changes for the third and fourth quarters of 2022. The report shows that the company has made significant changes to its portfolio in Q4, as compared to Q3. In this blog post, we'll take a closer look at some of the company's key holdings and the reasons behind the changes.

First, it's important to note that some of the holdings have remained unchanged, such as WOLF, ROKU, CHGG, and DOCU. However, other holdings have undergone significant changes.

One of the most notable changes is the company's disposition of shares in Enphase Energy, Inc. This holding decreased from 45,000 shares in Q3 to 33,000 shares in Q4, representing a 30% decrease. This change may be attributed to the company's desire to diversify its portfolio, as holding too much of one stock can pose a significant risk.

Similarly, the company's holdings in Chegg, Inc. increased by 19.9% during the same period. This can be attributed to the company's positive outlook on Chegg's success within the industry.

Another significant change was Firsthand Capital Management's decision to invest in ChargePoint Holdings, Inc. The company did not hold any shares in Q3 but invested in 20,000 shares in Q4. This investment represents an increase in the company's positive attitude towards the electronic vehicle (EV) industry by investing in a company responsible for the EV infrastructure.

The most significant change in terms of percentage is the company's 93.8% gain in holdings in ChargePoint Holdings, Inc. This was from 20,000 shares in Q3 to 60,000 shares in the following quarter. The reason for this change is still unclear, but it may be attributed to a shift in focus towards companies pioneering sustainable living.

On the other hand, there were some notable losses during this period. For instance, First Solar, Inc. decreased by 21.8%, dropping from 5,000 to 5,000 shares. Similarly, holdings in Netflix, Inc. increased by 25.3%, dropping significantly from 10,000 to 10,000 shares.

To conclude, Firsthand Capital Management, Inc.'s Q3 2022 vs. Q4 2022 holdings comparison shows significant changes in its portfolio. The changes suggest a move towards diversification and a shift in focus towards sustainable living, with Chegg, Inc., and ChargePoint Holdings, Inc. holdings increasing. Conversely, First Solar, Inc. and Netflix, Inc. saw significant losses. These changes show a willingness to adapt and invest in the future, which is an excellent sign for investors looking for long-term growth prospects.