Venrock Management V 13F annual report

Venrock Management V is an investment fund managing more than $672 million ran by David Stepp. There are currently 2 companies in Mr. Stepp’s portfolio. The largest investments include Cloudflare Inc and Castlight Health Inc, together worth $672 million.

$672 million Assets Under Management (AUM)

As of 6th August 2021, Venrock Management V’s top holding is 6,318,148 shares of Cloudflare Inc currently worth over $669 million and making up 99.6% of the portfolio value. Relative to the number of outstanding shares of Cloudflare Inc, Venrock Management V owns more than approximately 0.1% of the company. In addition, the fund holds 1,133,948 shares of Castlight Health Inc worth $2.98 million, whose value fell approximately 0.1% in the past six months.

Currently, Venrock Management V's portfolio is worth at least $672 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 Venrock Management V

The Venrock Management V office and employees reside in Palo Alto, California. According to the last 13-F report filed with the SEC, David Stepp serves as the Authorized Signatory at Venrock Management V.

Recent trades

There are companies that Venrock Management V is getting rid of from its portfolio. Venrock Management V closed its position in Constellation Pharmaceutical on 13th August 2021. It sold the previously owned 1,570,058 shares for $36.7 million. David Stepp also disclosed a decreased stake in Cloudflare Inc by 0.5%. This leaves the value of the investment at $669 million and 6,318,148 shares.

One of the average hedge funds

The two most similar investment funds to Venrock Management V are Teton Advisors and Endeavour Capital Advisors Inc. They manage $672 million and $672 million respectively.

David Stepp investment strategy

Venrock Management V’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Technology — making up 99.6% of the total portfolio value. The fund focuses on investments in the United States as 100.0% 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 50% 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 $19.1 billion.

The complete list of Venrock Management V trades based on 13F SEC filings

These positions were updated on August 13th 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
Cloudflare Inc	52.68% 6,318,148	$668,713,000	99.56%
Constellation Pharmaceutical	Closed 1,570,058	$36,724,000
Castlight Health Inc	No change 1,133,948	$2,982,000	0.44%
No transactions found
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