0001145549-24-007499.txt : 20240223 0001145549-24-007499.hdr.sgml : 20240223 20240223151514 ACCESSION NUMBER: 0001145549-24-007499 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240223 DATE AS OF CHANGE: 20240223 PERIOD START: 20240331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sweater Cashmere Fund CENTRAL INDEX KEY: 0001868950 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-23712 FILM NUMBER: 24670711 BUSINESS ADDRESS: STREET 1: 2000 CENTRAL AVE CITY: BOULDER STATE: CO ZIP: 80301 BUSINESS PHONE: 435-764-7836 MAIL ADDRESS: STREET 1: 2000 CENTRAL AVE CITY: BOULDER STATE: CO ZIP: 80301 NPORT-P 1 primary_doc.xml NPORT-P false 0001868950 XXXXXXXX Sweater Cashmere Fund 811-23712 0001868950 549300O6JUUPFFNRZG22 2000 Central Ave Boulder 80301 8885777987 Sweater Cashmere Fund 549300O6JUUPFFNRZG22 2024-03-31 2023-12-31 N 14047550.880000000000 206212.720000000000 13841338.160000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 N EdInvent, Inc. dba Accredible N/A EdInvent, Inc. dba Accredible 999999999 79956 NS USD 312500.03 2.2577298986 Long EP CORP US Y 3 N N N After Services, Inc. - Tranche 1 N/A After Services, Inc. - Tranche 1 999999999 24068 NS USD 366603.78 2.6486151538 Long EP CORP US Y 3 N N N After Services, Inc. - Tranche 2 N/A After Services, Inc. - Tranche 2 999999999 21445 NS USD 326650.24 2.3599614158 Long EP CORP US Y 3 N N N Cabinet Health P.B.C. N/A Cabinet Health P.B.C. 999999999 500000 PA USD 500000 3.6123674909 Long DBT CORP US Y 3 2025-02-03 Fixed 4.55 N N N N N N Cloud Apartments, Inc. N/A Cloud Apartments, Inc. 999999999 208995 NS USD 250000 1.8061837455 Long EP CORP US Y 3 N N N Curate Capital Fund I, LP N/A Curate Capital Fund I, LP 999999999 1 OU Other Units USD 159289 1.1508208105 Long PF US Y N/A N N N EarlyBird Central, Inc. N/A EarlyBird Central, Inc. 999999999 1 OU Other Units USD 200000 1.4449469964 Long US Y 3 N N N EarlyBird Central, Inc. N/A EarlyBird Central, Inc. 999999999 1 OU Other Units USD 200000 1.4449469964 Long US Y 3 N N N FEAT Socks, Inc. N/A FEAT Socks, Inc. 999999999 1 OU Other Units USD 212500 1.5352561836 Long US Y 3 N N N Goldman Sachs Financial Square 549300BRJMXN4GUWZ402 Goldman Sachs Financial Square Government Fund - Class FST 38141W273 2177963.39 PA USD 2177963.39 15.7352082929 Long STIV RF US N 1 N N N Frances Valentine, LLC N/A Frances Valentine, LLC 999999999 1 OU Other Units USD 550000 3.9736042400 Long US Y 3 N N N Ganas Ventures I, a series of Ganas Ventures, LP N/A Ganas Ventures I, a series of Ganas Ventures, LP 999999999 1 OU Other Units USD 114484 0.8271165597 Long PF US Y N/A N N N Grapefruit Health, Inc. N/A Grapefruit Health, Inc. 999999999 1 OU Other Units USD 125000 0.9030918727 Long US Y 3 N N N GO, Inc. N/A GO, Inc. 999999999 400160 NS USD 519639.77 3.7542596243 Long EC CORP US Y 3 N N N Drupely, Inc. dba Graza N/A Drupely, Inc. dba Graza 999999999 210999 NS USD 569399.79 4.1137625815 Long EP CORP US Y 3 N N N Trellis Technologies, Inc. Warrants N/A Trellis Technologies, Inc. Warrants 999999999 25000 NC USD 0 0.0000000000 N/A DE CORP US Y 3 Manual N/A Call Purchased TRELLIS_053123 8% 11/30/2024 TRELLIS_053123 8% 11/30/2024 1 0.000000000000 USD 2029-05-31 XXXX 0 N N N True Footage Inc. N/A True Footage Inc. - Series A Prime Preferred Stock 999999999 38836 NS USD 272900.57 1.9716342946 Long EP CORP US Y 3 N N N Wyndly Health, Inc. N/A Wyndly Health, Inc. 999999999 1 OU Other Units USD 500000 3.6123674909 Long US Y 3 N N N Eloit Street, Inc. dba Guest House N/A Eloit Street, Inc. dba Guest House 999999999 2012882 NS USD 305917.81 2.2101751035 Long EC CORP US Y 3 N N N Havenly, Inc. N/A Havenly, Inc. 999999999 63848 NS USD 266338.10 1.9242221881 Long EP CORP US Y 3 N N N Havenly, Inc. Warrants N/A Havenly, Inc. Warrants 999999999 31924 NC USD 0 0.0000000000 N/A DE CORP US Y 3 Manual N/A Call Purchased HAVENLY_SERIESC_ 021523 HAVENLY_SERIESC_ 021523 1 2.120600000000 USD 2028-02-17 XXXX 0 N N N Hearth Display, Inc. N/A Hearth Display, Inc. 999999999 1 OU Other Units USD 250000 1.8061837455 Long US Y 3 N N N Hikerkind, Inc. N/A Hikerkind, Inc. 999999999 1 OU Other Units USD 250000 1.8061837455 Long US Y 3 N N N Hone Health N/A Hone Health 999999999 1 OU Other Units USD 250000 1.8061837455 Long US Y 3 N N N Impressionism Capital Fund I, L.P. N/A Impressionism Capital Fund I, L.P. 999999999 1 OU Other Units USD 38898.60 0.2810320762 Long PF US Y N/A N N N IQ Bar, Inc. N/A IQ Bar, Inc. 999999999 41553 NS USD 299227.31 2.1618380141 Long EP CORP US Y 3 N N N IsoTalent, Inc. N/A IsoTalent, Inc. - Series Seed-1 Preferred Stock Shares 999999999 764292 NS USD 1099502.83 7.9436165585 Long EP CORP US Y 3 N N N Last Game Board, Inc. N/A Last Game Board, Inc. 999999999 1 OU Other Units USD 16440 0.1187746431 Long US Y 3 N N N Last Game Board, Inc. N/A Last Game Board, Inc. 999999999 1 OU Other Units USD 250000 1.8061837455 Long US Y 3 N N N Lazzaro Medical, Inc. N/A Lazzaro Medical, Inc. 999999999 1 OU Other Units USD 262500 1.8964929327 Long US Y 3 N N N Line Financial, P.B.C N/A Line Financial, P.B.C 999999999 1 OU Other Units USD 500000 3.6123674909 Long US Y 3 N N N Lukla, Inc. dba OROS N/A Lukla, Inc. dba OROS 999999999 412819 NS USD 500000 3.6123674909 Long EP CORP US Y 3 N N N Nada Holdings, Inc. N/A Nada Holdings, Inc. 999999999 1 OU Other Units USD 110000 0.7947208480 Long US Y 3 N N N Nomadica N/A Nomadica 999999999 462107 NS USD 311871.39 2.2531881412 Long EP CORP US Y 3 N N N Parallel Health, Inc. N/A Parallel Health, Inc. 999999999 1 OU Other Units USD 262500 1.8964929327 Long US Y 3 N N N Pear Suite, Inc. N/A Pear Suite, Inc. 999999999 1 OU Other Units USD 250000 1.8061837455 Long US Y 3 N N N Shappi, Inc. N/A Shappi, Inc. 999999999 1 OU Other Units USD 250000 1.8061837455 Long US Y 3 N N N Stonks Y Combinator Summer 2022 Access Fund, a Series of Stonks Funds, LP N/A Stonks Y Combinator Summer 2022 Access Fund, a Series of Stonks Funds, LP 999999999 1 OU Other Units USD 148985 1.0763771413 Long PF US Y N/A N N N Sweat Pals, Inc. N/A Sweat Pals, Inc. 999999999 1 OU Other Units USD 125000 0.9030918727 Long US Y 3 N N N The Dyrt, Inc. N/A The Dyrt, Inc. 999999999 608726 NS USD 250000 1.8061837455 Long EP CORP US Y 3 N N N Trellis Technologies, Inc. N/A Trellis Technologies, Inc. 999999999 250000 PA USD 250000 1.8061837455 Long DBT CORP US Y 3 2024-11-30 Fixed 8 N N N N N N 2024-01-22 Sweater Cashmere Fund /s/Gordy Jones Gordy Jones Treasurer and Principal Financial Officer XXXX NPORT-EX 2 sweater_123123partf.htm SWEATER CASHMERE FUND 12/31/23 PART F SOI

 

Sweater Cashmere Fund
SCHEDULE OF INVESTMENTS
December 31, 2023 (Unaudited)

 

   Fair Value 
Convertible Debt in Portfolio Companies - 5.4%     
Financial Technology - 1.8%     
Trellis Technologies, Inc., Principal $250,000, 8.00%, due 11/30/241,2  $250,000 
      
Healthcare - 3.6%     
Cabinet Health P.B.C., Principal $500,000, 4.55%, due 2/3/251,2   500,000 
      
Total Convertible Debt in Portfolio Companies (Cost $750,000)   750,000 
      
Equity Investments in Portfolio Companies - 40.9%     
Consumer Goods and Retail - 12.2%     
Drupely, Inc. dba Graza Series A-3 Preferred Stock, shares 210,9991,2,3   569,400 
IQ Bar, Inc. Series B Preferred Stock, shares 41,5531,2,3   299,227 
Lukla, Inc. dba OROS Series B Preferred Stock, shares 412,8191,2,3   500,000 
Nomadica Series Seed-6 Preferred Stock, shares 462,1071,2,3   311,871 
Total Consumer Goods and Retail   1,680,498 
      
Consumer Technology - 10.6%     
After Services, Inc. Series Seed-7 Preferred Stock, shares 24,0681,2,3   366,604 
After Services, Inc. Series Seed-8 Preferred Stock, shares 21,4451,2,3   326,650 
GO, Inc. Series Seed-1 Preferred Stock, shares 400,1601,2,3   519,640 
The Dyrt, Inc. Series C Preferred Stock, shares 608,7261,2,3   250,000 
Total Consumer Technology   1,462,894 
      
Education Technology - 2.3%     
EdInvent, Inc. dba Accredible Series B Preferred Stock, shares 79,9561,2,3   312,500 
      
Human Resource Technology - 7.9%     
IsoTalent, Inc. Series Seed-1 Preferred Stock, shares 764,2921,2,3   1,099,503 
      
Property Technology - 7.9%     
Cloud Apartments, Inc. Series Seed-1 Preferred Stock, shares 208,995 1,2,3   250,000 
Eloit Street, Inc. dba Guest House Series C-2 Preferred Stock, shares 2,012,8821,2,3   305,918 
Havenly, Inc. Series C-1 Preferred Stock, shares 63,8481,2,3   266,338 
True Footage Inc. Series A Prime Preferred Stock, shares 38,8361,2,3   272,901 
Total Property Technology   1,095,157 
      
Total Equity Investments in Portfolio Companies (Cost $4,749,997)   5,650,552 
      
Portfolio Funds - 3.3%     
Private Investment Companies - 3.3%     
Curate Capital Fund I, LP1,3,4   159,289 
Ganas Ventures I, a series of Ganas Ventures, LP1,3,4,5   114,484 
Impressionism Capital Fund I, L.P.1,3,4   38,899 
Stonks Y Combinator Summer 2022 Access Fund, a Series of Stonks Funds, LP - Class A1,3,4,5   148,985 
      
Total Portfolio Funds (Cost $495,000)   461,657 
      
Simple Agreements for Future Equity in Portfolio Companies - 32.9%     
Consumer Goods and Retail - 7.3%     
FEAT Socks, Inc.1,2,3   212,500 
Frances Valentine, LLC1,2,3   550,000 
Hikerkind, Inc.1,2,3   250,000 
Total Consumer Goods and Retail   1,012,500 
      
Consumer Technology - 4.6%     
Hearth Display, Inc.1,2,3   250,000 
SweatPals, Inc.1,2,3   125,000 
The Last Gameboard, Inc.1,2,3   266,440 
Total Consumer Technology   641,440 
      
Financial Technology - 7.3%     
EarlyBird Central, Inc.1,2,3   400,000 
Line Financial, P.B.C.1,2,3   500,000 
Nada Holdings, Inc.1,2,3   110,000 
Total Financial Technology   1,010,000 
      
Healthcare - 3.7%     
Lazzaro Medical, Inc.1,2,3   262,500 
Pear Suite, Inc.1,2,3   250,000 
Total Healthcare   512,500 
      
Health Technology - 8.2%     
Grapefruit Health, Inc.1,2,3   125,000 
Parallel Health, Inc.1,2,3   262,500 
Time Therapeutics, Inc. (Hone Health)1,2,3   250,000 
Wyndly Health, Inc.1,2,3   500,000 
Total Health Technology   1,137,500 
      
Logistics Technology - 1.8%     
Shappi, Inc.1,2,3   250,000 
      
Total Simple Agreements for Future Equity in Portfolio Companies (Cost $4,516,440)   4,563,940 
      
Warrants - 0.0%     
Financial Technology - 0.0%     
Trellis Technologies, Inc., shares 25,000, exercise price $0, expiration date 5/31/291,2,3   - 
      
Property Technology - 0.0%     
Havenly, Inc., shares 31,924, exercise price $2.1206, expiration date 2/17/281,2,3   - 
      
Total Warrants (Cost $0)   - 
      
Short-Term Investments - 15.6%     
Goldman Sachs Financial Square Government Fund - Institutional Class, 5.23%, shares 2,159,5286  $2,159,528 
Total Short-Term Investments (Cost $2,159,528)   2,159,528 
      
Total Investments (Cost $12,670,965) - 98.1%   13,585,677 
Other assets in excess of liabilities - 1.9%   258,266 
Net Assets - 100%  $13,843,943 

 

 

P.B.C. - Public Benefit Corporation

dba - doing business as 

LP - Limited Partnership

LLC - Limited Liability Company

 

1Restricted security. The total value of these securities is $11,426,149, which represents 82.5% of Fund net assets. Please refer to Restricted Securities in the Notes to the Schedule of Investments.
2Level 3 securities fair valued using significant unobservable inputs. The total value of these securities is $10,964,492, which represents 79.2% of Fund net assets.
3Non-Income Producing
4Investment valued using net asset value per share (or its equivalent) as a practical expedient.
5Affiliated investment for which ownership exceeds 5% of the investment’s capital.
6Rate disclosed represents the seven day yield as of period end.

 

 

 

 

Sweater Cashmere Fund

Notes to the schedule of investments

December 31, 2023 (unaudited)

 

Restricted Securities

 

Restricted securities include securities that have not been registered under the Securities Act of 1933, as amended, and securities that are subject to restrictions on resale. The Fund may invest in restricted securities that are consistent with the Fund’s investment objectives and investment strategies. Investments in restricted securities are valued at fair value as determined in good faith in accordance with procedures adopted by the Board of Trustees.

 

Additional information on each restricted investment held by the Fund on December 31, 2023 is as follows:

 

   Initial      Fair   % of 
Investments  Acquisition Date  Cost   Value   Net Assets 
After Services, Inc. Series Seed-7 Preferred Stock  6/6/2022  $250,000   $366,604    2.6%
After Services, Inc. Series Seed-8 Preferred Stock  6/6/2022   250,000    326,650    2.4%
Cabinet Health P.B.C.  2/14/2023   500,000    500,000    3.6%
Cloud Apartments, Inc. Series Seed-1 Preferred Stock  5/8/2023   250,000    250,000    1.8%
Curate Capital Fund I, LP  7/1/2022   170,000    159,289    1.2%
Drupely, Inc. dba Graza Series A-3 Preferred Stock  6/17/2022   200,000    569,400    4.1%
EarlyBird Central, Inc.  6/3/2022   400,000    400,000    2.9%
EdInvent, Inc. dba Accredible Series B Preferred Stock  7/29/2022   250,000    312,500    2.3%
Eloit Street, Inc. dba Guest House Series C-2 Preferred Stock  11/8/2022   300,000    305,918    2.2%
FEAT Socks, Inc.  6/15/2022   250,000    212,500    1.5%
Frances Valentine, LLC  11/18/2022   500,000    550,000    4.0%
Ganas Ventures I, a series of Ganas Ventures, LP  7/1/2022   125,000    114,484    0.8%
GO, Inc. Series Seed-1 Preferred Stock  11/18/2022   500,000    519,640    3.8%
Grapefruit Health, Inc.  5/2/2023   125,000    125,000    0.9%
Havenly, Inc. Warrants  2/10/2023   -    -    0.0%
Havenly, Inc., Series C-1 Preferred Stock  2/10/2023   249,997    266,338    1.8%
Hearth Display, Inc.  1/6/2023   250,000    250,000    1.8%
Hikerkind, Inc.  8/10/2023   250,000    250,000    1.8%
Impressionism Capital Fund I, L.P.  4/20/2023   50,000    38,899    0.3%
IQ Bar, Inc. Series B Preferred Stock  8/12/2022   250,000    299,227    2.2%
IsoTalent, Inc. - Series Seed-1 Preferred Stock  7/8/2022   1,000,000    1,099,503    7.9%
Lazzaro Medical, Inc.  7/1/2022   250,000    262,500    1.9%
Line Financial, P.B.C  8/17/2023   500,000    500,000    3.6%
Lukla, Inc. dba OROS Series B Preferred Stock  12/14/2023   500,000    500,000    3.6%
Nada Holdings, Inc.  6/17/2022   100,000    110,000    0.8%
Nomadica Series Seed-6 Preferred Stock  7/1/2022   250,000    311,871    2.3%
Parallel Health, Inc.  6/28/2022   250,000    262,500    1.9%
Pear Suite, Inc.  11/14/2022   250,000    250,000    1.8%
Shappi, Inc.  9/16/2022   250,000    250,000    1.8%
Stonks Y Combinator Summer 2022 Access Fund  9/16/2022   150,000    148,985    1.1%
SweatPals, Inc.  5/3/2023   125,000    125,000    0.9%
The Dyrt, Inc. Series C Preferred Stock  12/11/2023   250,000    250,000    1.8%
The Last Game Board, Inc.  12/9/2022   266,440    266,440    1.9%
Time Therapeutics Inc. (Hone Health)  5/25/2023   250,000    250,000    1.8%
Trellis Technologies, Inc.  6/1/2023   250,000    250,000    1.8%
Trellis Technologies, Inc. Warrants  6/1/2023   -    -    0.0%
True Footage Inc. - Series A Prime Preferred Stock  7/29/2022   250,000    272,901    2.0%
Wyndly Health, Inc.  9/13/2022   500,000    500,000    3.6%
      $10,511,437   $11,426,149    82.5%