The Private Shares Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.4%
1 yr return
1.4%
3 Yr Avg Return
-1.8%
5 Yr Avg Return
8.6%
Net Assets
$924 M
Holdings in Top 10
29.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.64%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 26.20%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PRIVX - Profile
Distributions
- YTD Total Return 4.4%
- 3 Yr Annualized Total Return -1.8%
- 5 Yr Annualized Total Return 8.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -2.42%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameThe Private Shares Fund
-
Fund Family NameSharesPost 100
-
Inception DateMar 25, 2014
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSven Grankvist
Fund Description
PRIVX - Performance
Return Ranking - Trailing
Period | PRIVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.4% | -30.9% | 100.1% | 52.94% |
1 Yr | 1.4% | -19.6% | 116.9% | 70.59% |
3 Yr | -1.8%* | -44.1% | 20.7% | 38.24% |
5 Yr | 8.6%* | -26.8% | 24.6% | 40.63% |
10 Yr | 6.1%* | -1.6% | 15.9% | 58.82% |
* Annualized
Return Ranking - Calendar
Period | PRIVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -9.2% | -34.8% | 38.7% | 64.71% |
2022 | 0.0% | -72.7% | 8.2% | 14.71% |
2021 | 15.0% | -31.7% | 27.4% | 18.18% |
2020 | 21.3% | -29.0% | 233.6% | 68.75% |
2019 | 5.3% | -2.0% | 66.0% | 85.19% |
Total Return Ranking - Trailing
Period | PRIVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.4% | -30.9% | 100.1% | 52.94% |
1 Yr | 1.4% | -19.6% | 116.9% | 70.59% |
3 Yr | -1.8%* | -44.1% | 20.7% | 38.24% |
5 Yr | 8.6%* | -26.8% | 24.6% | 40.63% |
10 Yr | 6.1%* | -1.6% | 15.9% | 58.82% |
* Annualized
Total Return Ranking - Calendar
Period | PRIVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -9.2% | -33.0% | 39.0% | 64.71% |
2022 | 1.3% | -72.7% | 8.2% | 11.76% |
2021 | 23.8% | -31.7% | 28.3% | 15.15% |
2020 | 23.7% | -28.9% | 233.9% | 68.75% |
2019 | 5.3% | 0.4% | 66.5% | 85.19% |
NAV & Total Return History
PRIVX - Holdings
Concentration Analysis
PRIVX | Category Low | Category High | PRIVX % Rank | |
---|---|---|---|---|
Net Assets | 924 M | 3.65 M | 31.2 B | 35.29% |
Number of Holdings | 159 | 20 | 389 | 17.65% |
Net Assets in Top 10 | 276 M | 2.31 M | 5.86 B | 35.29% |
Weighting of Top 10 | 29.86% | 11.2% | 90.4% | 82.35% |
Top 10 Holdings
- UMB MONEY MARKET II SPECIAL / 5.64%
- SPACE EXPLORATION TECHNOLOGIES CORP. COMMON SHARES / 4.37%
- GRUBMARKET, INC. PREFERRED E SHARES / 3.75%
- Goldman Sachs Financial Square Government Fund, Class Institutional 2.67%
- ARCTIC WOLF NETWORKS, INC. COMMON SHARES / 2.43%
- BETTERMENT HOLDINGS, INC. COMMON SHARES / 2.37%
- NEXTROLL, INC. COMMON SHARES / 2.33%
- DISCORD INC. COMMON SHARES / 2.23%
- LOOKOUT,, Inc. COMMON SHARES / 2.09%
- AXIOM SPACE PREFERRED C1 / 1.99%
Asset Allocation
Weighting | Return Low | Return High | PRIVX % Rank | |
---|---|---|---|---|
Preferred Stocks | 45.05% | 0.00% | 45.05% | 5.88% |
Stocks | 40.87% | 0.00% | 101.10% | 79.41% |
Cash | 8.65% | 0.00% | 99.38% | 41.18% |
Bonds | 4.73% | 0.00% | 97.85% | 17.65% |
Convertible Bonds | 3.05% | 0.00% | 3.05% | 6.06% |
Other | 0.28% | -7.62% | 91.95% | 35.29% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PRIVX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 85.14% | 83.33% |
Technology | 0.00% | 0.00% | 72.56% | 93.94% |
Real Estate | 0.00% | 0.00% | 16.54% | 84.85% |
Industrials | 0.00% | 0.00% | 90.47% | 93.94% |
Healthcare | 0.00% | 0.00% | 65.82% | 10.61% |
Financial Services | 0.00% | 0.00% | 95.51% | 83.33% |
Energy | 0.00% | 0.00% | 32.10% | 83.33% |
Communication Services | 0.00% | 0.00% | 16.38% | 4.55% |
Consumer Defense | 0.00% | 0.00% | 50.44% | 80.30% |
Consumer Cyclical | 0.00% | 0.00% | 34.19% | 93.94% |
Basic Materials | 0.00% | 0.00% | 17.92% | 93.94% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PRIVX % Rank | |
---|---|---|---|---|
US | 40.87% | 0.00% | 101.10% | 67.65% |
Non US | 0.00% | 0.00% | 82.82% | 91.18% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PRIVX % Rank | |
---|---|---|---|---|
Corporate | 56.99% | 0.00% | 90.98% | 23.33% |
Cash & Equivalents | 8.31% | 0.00% | 100.00% | 44.12% |
Derivative | 0.28% | -7.62% | 0.88% | 14.71% |
Securitized | 0.00% | 0.00% | 5.53% | 76.67% |
Municipal | 0.00% | 0.00% | 1.77% | 76.67% |
Government | 0.00% | 0.00% | 34.13% | 76.67% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PRIVX % Rank | |
---|---|---|---|---|
US | 4.73% | 0.00% | 97.85% | 14.71% |
Non US | 0.00% | 0.00% | 2.36% | 76.47% |
PRIVX - Expenses
Operational Fees
PRIVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.64% | 0.41% | 5.61% | 14.71% |
Management Fee | 1.90% | 0.25% | 1.90% | 97.06% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.06% | 0.03% | 0.19% | 66.67% |
Sales Fees
PRIVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 4.25% | 5.75% | 66.67% |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
PRIVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | 37.66% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PRIVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 26.20% | 0.00% | 124.00% | 50.00% |
PRIVX - Distributions
Dividend Yield Analysis
PRIVX | Category Low | Category High | PRIVX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 12.45% | 97.06% |
Dividend Distribution Analysis
PRIVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
PRIVX | Category Low | Category High | PRIVX % Rank | |
---|---|---|---|---|
Net Income Ratio | -2.42% | -2.66% | 5.19% | 97.06% |
Capital Gain Distribution Analysis
PRIVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 07, 2022 | $0.584 | OrdinaryDividend |
Dec 08, 2021 | $3.220 | OrdinaryDividend |
Dec 18, 2020 | $0.706 | OrdinaryDividend |
PRIVX - Fund Manager Analysis
Managers
Sven Grankvist
Start Date
Tenure
Tenure Rank
Jun 30, 2018
3.92
3.9%
Sven Jonas Grankvist is a Vice President of SP Investments Management, LLC. Prior to serving as a portfolio manager, Jonas was a portfolio analyst. Prior to his position with the Investment Adviser, Jonas was an investment banker with Berman Capital, where he covered a wide range of industries including Internet, digital media and software. Jonas has worked on many mergers and acquisitions, and private equity transactions for buyers and sellers in the growth-and-middle-market arena. Jonas is also a mentor for the Thiel Foundation’s 20 Under 20 Fellowship. Jonas received his LLM from Uppsala University and an MBA from Golden Gate University. He holds FINRA Series 7 and 63 licenses. Since inception of the Fund, the Investment Adviser has hired additional investment professionals, and intends to continue to hire investment professionals in proportion to the growth of the Investment Adviser’s assets under management. Mr. Weber, Ms. Downey and Mr. Grankvist each owns options in SharesPost relating to less than 2% of SharesPost on a fully diluted basis, assuming the exercise of all outstanding options and warrants. See “Conflicts of Interest — Certain Parties”.
Kevin Moss
Start Date
Tenure
Tenure Rank
Oct 25, 2018
3.6
3.6%
Kevin Moss is a Managing Director and Chief Operating Officer of SP Investments Management, LLC, a registered investment adviser and wholly owned subsidiary of SharesPost. Prior to his position with the Investment Adviser, Kevin was a senior portfolio manager at First New York Securities, where he managed a global macro book. Kevin received his undergraduate degree in finance from Tulane University and his MBA from Columbia Business School, magna cum laude. He holds FINRA series 4, 7, 24, 27, 55 and 66 licenses.
Christian Munafo
Start Date
Tenure
Tenure Rank
Aug 15, 2019
2.79
2.8%
Christian Munafo is the Chief Investment Officer of SP Investments Management, LLC, a registered investment adviser and wholly owned subsidiary of SharesPost. Christian joined the Investment Adviser in August 2019. Prior to SP Investment, Christian was Co-Head of the Global Private Equity Secondary Practice at HQ Capital based in New York, where he was also a member of the senior leadership team. Prior to that, he served as Head of Secondaries at Thomas Weisel Partners. In addition, Christian has overseen the completion of more than 100 secondary transactions representing over $1 billion in capital commitments, ranging from traditional purchases of limited partnership interests to more complex non-traditional transactions including fund restructurings, recapitalizations, tender programs, preferred equity/loan facilities and purchases of company securities. Christian began his career as an investment banker focused on mergers and acquisitions at Banc of America Securities. Christian holds a Bachelor of Arts from Rutgers College in Economics and Finance.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
1.25 | 23.1 | 9.26 | 1.25 |