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%