Firsthand Technology Value Fund announced that Facebook is now its largest holding, representing more than 5% of the fund’s net assets. Yelp, another social networking company, is also among the fund's top five holdings.

"Our focus continues to be on high-quality, late-stage technology companies," said Kevin Landis, chief investment officer and portfolio manager of Firsthand. "We believe the combination of rapid growth and the prospect of timely realizations presents a compelling opportunity for investors."

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