0001145549-24-049782.txt : 20240826 0001145549-24-049782.hdr.sgml : 20240826 20240826111713 ACCESSION NUMBER: 0001145549-24-049782 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240826 DATE AS OF CHANGE: 20240826 PERIOD START: 20250331 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: 241238518 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 2025-03-31 2024-06-30 N 15192380.940000000000 379733.350000000000 14812647.590000000000 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 0.010000000000 N Drupely, Inc. dba Graza N/A Drupely, Inc. dba Graza 999999999 210999 NS USD 597787.60 4.0356566668 Long EP CORP US Y 3 N N N Eloit Street, Inc. dba Guest House N/A Eloit Street, Inc. dba Guest House 999999999 2012882 NS USD 311111.04 2.1003067690 Long EC CORP US Y 3 N N N Havenly, Inc. N/A Havenly, Inc. 999999999 63848 NS USD 263330.22 1.7777390463 Long EP CORP US Y 3 N N N Havenly, Inc. Warrants N/A Havenly, Inc. Warrants 999999999 31924 NC USD 63967.08 0.4318409630 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 63967.08 N N N Hearth Display, Inc. N/A Hearth Display, Inc. 999999999 1 OU Other Units USD 275000 1.8565215862 Long US Y 3 N N N Hikerkind, Inc. N/A Hikerkind, Inc. 999999999 1 OU Other Units USD 250000 1.6877468966 Long US Y 3 N N N Hone Health N/A Hone Health 999999999 22006 NS USD 314478.94 2.1230434201 Long EP CORP 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 51582.63 0.3482336948 Long PF US Y N/A N N N IQ Bar, Inc. N/A IQ Bar, Inc. 999999999 41553 NS USD 313442.17 2.1160441987 Long EP CORP US Y 3 N N N IsoMed, Inc. N/A IsoMed, Inc. 999999999 764292 NS USD 76.43 0.0005159780 Long EC CORP US Y 3 N N N IsoTalent, Inc. N/A IsoTalent, Inc. - Series Seed-1 Preferred Stock Shares 999999999 764292 NS USD 1732474.18 11.6959116827 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 17262 0.1165355477 Long US Y 3 N N N Last Game Board, Inc. N/A Last Game Board, Inc. 999999999 1 OU Other Units USD 262500 1.7721342414 Long US Y 3 N N N Lazzaro Medical, Inc. N/A Lazzaro Medical, Inc. 999999999 1 OU Other Units USD 275000 1.8565215862 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 3.3754937931 Long US Y 3 N N N Lukla, Inc. dba OROS N/A Lukla, Inc. dba OROS 999999999 412819 NS USD 500000 3.3754937931 Long EP CORP US Y 3 N N N Nada Holdings, Inc. N/A Nada Holdings, Inc. 999999999 1 OU Other Units USD 110000 0.7426086345 Long US Y 3 N N N Nomadica N/A Nomadica 999999999 462107 NS USD 314847.36 2.1255306189 Long EP CORP US Y 3 N N N Obra, Inc. N/A Obra, Inc. 999999999 764292 NS USD 76.43 0.0005159780 Long EC CORP US Y 3 N N N EdInvent, Inc. dba Accredible N/A EdInvent, Inc. dba Accredible 999999999 79956 NS USD 325055.52 2.1944457804 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 495634.73 3.3460239096 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 441619.03 2.9813645894 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 3.3754937931 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 254998.98 1.7214949485 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 161760 1.0920397520 Long PF US Y N/A N N N EarlyBird Central, Inc. N/A EarlyBird Central, Inc. 999999999 1 OU Other Units USD 210000 1.4177073931 Long US Y 3 N N N EarlyBird Central, Inc. N/A EarlyBird Central, Inc. 999999999 1 OU Other Units USD 210000 1.4177073931 Long US Y 3 N N N FEAT Socks, Inc. N/A FEAT Socks, Inc. 999999999 3262472 NS USD 250003.23 1.6877687023 Long EP CORP US Y 3 N N N Goldman Sachs Financial Square Government Fund - Class FST 549300BRJMXN4GUWZ402 Goldman Sachs Financial Square Government Fund - Class FST 38141W273 2296547.27 PA USD 2296547.27 15.5039621111 Long STIV RF US N 1 N N N Frances Valentine, LLC N/A Frances Valentine, LLC 999999999 1 OU Other Units USD 550000 3.7130431725 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 174735 1.1796338159 Long PF US Y N/A N N N Grapefruit Health, Inc. N/A Grapefruit Health, Inc. 999999999 1 OU Other Units USD 125000 0.8438734483 Long US Y 3 N N N GO, Inc. N/A GO, Inc. 999999999 400160 NS USD 287891.11 1.9435493098 Long EC CORP US Y 3 N N N Sweat Pals, Inc. N/A Sweat Pals, Inc. 999999999 1 OU Other Units USD 125000 0.8438734483 Long US Y 3 N N N The Dyrt, Inc. N/A The Dyrt, Inc. 999999999 608726 NS USD 250000 1.6877468966 Long EP CORP US Y 3 N N N Trellis Technologies, Inc. N/A Trellis Technologies, Inc. 999999999 250000 PA USD 250000 1.6877468966 Long DBT CORP US Y 3 2024-11-30 Fixed 8 N N N 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 285001.87 1.9240440864 Long EP CORP US Y 3 N N N Wyndly Health, Inc. N/A Wyndly Health, Inc. 999999999 1 OU Other Units USD 525000 3.5442684828 Long US Y 3 N N N Parallel Health, Inc. N/A Parallel Health, Inc. 999999999 1 OU Other Units USD 262500 1.7721342414 Long US Y 3 N N N Pear Suite, Inc. N/A Pear Suite, Inc. 999999999 1 OU Other Units USD 275000 1.8565215862 Long US Y 3 N N N Shappi, Inc. N/A Shappi, Inc. 999999999 1 OU Other Units USD 262500 1.7721342414 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 148746 1.0041823995 Long PF US Y N/A N N N 2024-07-03 Sweater Cashmere Fund /s/Gordy Jones Gordy Jones Treasurer and Principal Financial Officer XXXX NPORT-EX 2 sweater_063024partf.htm SWEATER CASHMERE FUND 6/30/24 PART F SOI

 

Sweater Cashmere Fund
SCHEDULE OF INVESTMENTS
June 30, 2024 (Unaudited)

 

   Principal/Shares   Fair Value 
Convertible Debt in Portfolio Companies - 5.1%          
Financial Technology - 1.7%          
Trellis Technologies, Inc., 8.00%, due 11/30/241,2   250,000   $250,000 
           
Healthcare - 3.4%          
Cabinet Health P.B.C., 4.55%, due 2/3/251,2   500,000    500,000 
           
Total Convertible Debt in Portfolio Companies (Cost $750,000)        750,000 
           
Equity Investments in Portfolio Companies - 46.8%          
Consumer Goods and Retail - 13.3%          
Drupely, Inc. dba Graza Series A-3 Preferred Stock1,2,3   210,999    597,788 
FEAT Socks, Inc.1,2,3   3,262,472    250,003 
IQ Bar, Inc. Series B Preferred Stock1,2,3   41,553    313,442 
Lukla, Inc. dba OROS Series B Preferred Stock1,2,3   412,819    500,000 
Nomadica Series Seed-6 Preferred Stock1,2,3   462,107    314,847 
Total Consumer Goods and Retail        1,976,080 
           
Consumer Technology - 9.9%          
After Services, Inc. Series Seed-7 Preferred Stock1,2,3   24,068    495,635 
After Services, Inc. Series Seed-8 Preferred Stock1,2,3   21,445    441,619 
GO, Inc. Series Seed-1 Preferred Stock1,2,3   400,160    287,891 
The Dyrt, Inc. Series C Preferred Stock1,2,3   608,726    250,000 
Total Consumer Technology        1,475,145 
           
Education Technology - 2.2%          
EdInvent, Inc. dba Accredible Series B Preferred Stock1,2,3   79,956    325,056 
           
Health Technology - 2.1%          
Time Therapeutics, Inc. (Hone Health)1,2,3   22,006    314,479 
           
Human Resource Technology - 11.8%          
IsoMed, Inc. Common Stock1,2,3   764,292    76 
IsoTalent, Inc. Series Seed-1 Preferred Stock1,2,3   764,292    1,732,474 
Obra, Inc. Common Stock1,2,3   764,292    76 
Total Human Resource Technology        1,732,626 
           
Property Technology - 7.5%          
Cloud Apartments, Inc. Series Seed-1 Preferred Stock1,2,3   208,995    254,999 
Eloit Street, Inc. dba Guest House Series C-2 Preferred Stock1,2,3   2,012,882    311,111 
Havenly, Inc. Series C-1 Preferred Stock1,2,3   63,848    263,330 
True Footage Inc. Series A Prime Preferred Stock1,2,3   38,836    285,002 
Total Property Technology        1,114,442 
           
Total Equity Investments in Portfolio Companies (Cost $5,250,149)        6,937,828 
           
Portfolio Funds - 3.6%          
Private Investment Companies - 3.6%          
Curate Capital Fund I, LP1,3,4        161,760 
Ganas Ventures I, a series of Ganas Ventures, LP1,3,4,5        174,735 
Impressionism Capital Fund I, LP1,3,4        51,583 
Stonks Y Combinator Summer 2022 Access Fund, a Series of Stonks Funds, LP - Class A1,3,4,5        148,746 
           
Total Portfolio Funds (Cost $582,500)        536,824 
           
Simple Agreements for Future Equity in Portfolio Companies - 28.6%          
Consumer Goods and Retail - 5.4%          
Frances Valentine, LLC1,2,3        550,000 
Hikerkind, Inc.1,2,3        250,000 
Total Consumer Goods and Retail        800,000 
           
Consumer Technology - 4.6%          
Hearth Display, Inc.1,2,3        275,000 
SweatPals, Inc.1,2,3        125,000 
The Last Gameboard, Inc.1,2,3        279,762 
Total Consumer Technology        679,762 
           
Financial Technology - 6.9%          
EarlyBird Central, Inc.1,2,3        420,000 
Line Financial, P.B.C.1,2,3        500,000 
Nada Holdings, Inc.1,2,3        110,000 
Total Financial Technology        1,030,000 
           
Healthcare - 3.8%          
Lazzaro Medical, Inc.1,2,3        275,000 
Pear Suite, Inc.1,2,3        275,000 
Total Healthcare        550,000 
           
Health Technology - 6.1%          
Grapefruit Health, Inc.1,2,3        125,000 
Parallel Health, Inc.1,2,3        262,500 
Wyndly Health, Inc.1,2,3        525,000 
Total Health Technology        912,500 
           
Logistics Technology - 1.8%          
Shappi, Inc.1,2,3        262,500 
           
Total Simple Agreements for Future Equity in Portfolio Companies (Cost $4,016,440)        4,234,762 
           
Warrants - 0.4%          
Financial Technology - 0.0%          
Trellis Technologies, Inc., exercise price $0, expiration date 5/31/291,2,3   25,000    - 
           
Property Technology - 0.4%          
Havenly, Inc., exercise price $2.1206, expiration date 2/17/281,2,3   31,924    63,967 
           
Total Warrants (Cost $0)        63,967 
           
Short-Term Investments - 15.5%          
Goldman Sachs Financial Square Government Fund - Institutional Class, 5.22%6   2,296,547   $2,296,547 
Total Short-Term Investments (Cost $2,296,547)        2,296,547 
           
Total Investments (Cost $12,895,636) - 100.0%        14,819,928 
Other assets in excess of liabilities - 0.0%        4,344 
Net Assets - 100%       $14,824,272 

 

 

P.B.C. - Public Benefit Corporation

dba - doing business as

LP - Limited Partnership

 

1 Restricted security. The total value of these securities is $12,523,381, which represents 84.5% of Fund net assets. Please refer to Restricted Securities in the Notes to the Schedule of Investments.
2 Level 3 securities fair valued using significant unobservable inputs. The total value of these securities is $11,986,557, which represents 80.9% of Fund net assets.
3 Non-Income Producing
4 Investment valued using net asset value per share (or its equivalent) as a practical expedient.
5 Affiliated investment for which ownership exceeds 5% of the investment’s capital.
6 Rate disclosed represents the seven day yield as of period end.

 

 

 

 

Sweater Cashmere Fund

Notes to the schedule of investments

JuNE 30, 2024 (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 June 30, 2024 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   $495,635    3.3%
After Services, Inc. Series Seed-8 Preferred Stock  6/6/2022   250,000    441,619    3.0%
Cabinet Health P.B.C. Convertible Debt  2/14/2023   500,000    500,000    3.4%
Cloud Apartments, Inc. Series Seed-1 Preferred Stock  5/8/2023   250,000    254,999    1.7%
Curate Capital Fund I, LP  7/1/2022   170,000    161,760    1.1%
Drupely, Inc. dba Graza Series A-3 Preferred Stock  6/17/2022   200,000    597,788    4.0%
EarlyBird Central, Inc.  6/3/2022   400,000    420,000    2.8%
EdInvent, Inc. dba Accredible Series B Preferred Stock  7/29/2022   250,000    325,056    2.2%
Eloit Street, Inc. dba Guest House Series C-2 Preferred Stock  11/8/2022   300,000    311,111    2.1%
FEAT Socks, Inc.  6/15/2022   250,000    250,003    1.7%
Frances Valentine, LLC  11/18/2022   500,000    550,000    3.7%
Ganas Ventures I, a series of Ganas Ventures, LP  7/1/2022   187,500    174,735    1.2%
GO, Inc. Series Seed-1 Preferred Stock  11/18/2022   500,000    287,891    1.9%
Grapefruit Health, Inc.  5/2/2023   125,000    125,000    0.8%
Havenly, Inc. Warrants  2/10/2023   -    63,967    0.4%
Havenly, Inc., Series C-1 Preferred Stock  2/10/2023   249,997    263,330    1.8%
Hearth Display, Inc.  1/6/2023   250,000    275,000    1.9%
Hikerkind, Inc.  8/10/2023   250,000    250,000    1.7%
Impressionism Capital Fund I, L.P.  4/20/2023   75,000    51,583    0.3%
IQ Bar, Inc. Series B Preferred Stock  8/12/2022   250,000    313,442    2.1%
IsoMed, Inc. Common Stock  4/12/2024   76    76    0.0%
IsoTalent, Inc. - Series Seed-1 Preferred Stock  7/8/2022   1,000,000    1,732,474    11.8%
Lazzaro Medical, Inc.  7/1/2022   250,000    275,000    1.9%
Line Financial, P.B.C  8/17/2023   500,000    500,000    3.4%
Lukla, Inc. dba OROS Series B Preferred Stock  12/14/2023   500,000    500,000    3.4%
Nada Holdings, Inc.  6/17/2022   100,000    110,000    0.7%
Nomadica Series Seed-6 Preferred Stock  7/1/2022   250,000    314,847    2.1%
Obra, Inc., Common Stock  7/8/2022   76    76    0.0%
Parallel Health, Inc.  6/28/2022   250,000    262,500    1.8%
Pear Suite, Inc.  11/14/2022   250,000    275,000    1.9%
Shappi, Inc.  9/16/2022   250,000    262,500    1.8%
Stonks Y Combinator Summer 2022 Access Fund  9/16/2022   150,000    148,746    1.0%
SweatPals, Inc.  5/3/2023   125,000    125,000    0.8%
The Dyrt, Inc. Series C Preferred Stock  12/11/2023   250,000    250,000    1.7%
The Last Game Board, Inc.  12/9/2022   266,440    279,762    1.9%
Time Therapeutics, Inc. (Hone Health)  5/25/2023   250,000    314,479    2.1%
Trellis Technologies, Inc. Convertible Debt  6/1/2023   250,000    250,000    1.7%
Trellis Technologies, Inc. Warrants  6/1/2023   -    -    0.0%
True Footage Inc. - Series A Prime Preferred Stock  7/29/2022   250,000    285,002    1.9%
Wyndly Health, Inc.  9/13/2022   500,000    525,000    3.5%
      $10,599,089   $12,523,381    84.5%