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.
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.
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.
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.
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.
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.
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 | |||