What is an institutional fund mark?

A mutual fund that holds shares in a private company must report what those shares are worth every quarter in its N-PORT filing to the SEC. The implied price per share is that reported value divided by the shares held. It is the fund's own valuation, not a trade.

Why do the marks differ from the secondary market price?

Funds mark to their valuation policy, usually anchored on the last priced round and adjusted quarterly; the secondary market prices every trade. When a name is in demand the market runs ahead of the marks; when it cools the marks sit above the market until the funds catch up. The gap column shows which way, and by how much.

Why do different funds mark the same company differently?

Each family values independently, often holds a different share class, and files on its own quarter-end. A mark more than three times, or under a third of, the others usually reflects a stock split the filing predates or a different class of share; it is shown but not counted in the median.

How current are the marks?

Funds report up to 60 days after each quarter end, so the newest mark is typically one to two quarters old. This page uses each fund family's latest mark from the last 6 months (newest period: Jul 2026); the market price is today's.

Where the funds mark it, and where it trades

What Fidelity, T. Rowe Price, Baron, Ark, Alger, Capital Group and Destiny report a private company’s shares to be worth in their SEC filings, next to the secondary market price. 8 fund families, 135 companies, marks from the last 6 months.

Names, filers and dates are free to read. The marks, the market price and the gap are Pro.

Unlock the numbers →

Marked and traded

35 companies · 11 trade 25%+ above the funds · 7 trade 25%+ below

By dollars held By gap to market

#	Company	Marked by	Funds mark it at	As of	It trades at	Market vs marks	Held
1	Anthropic Business/Productivity Software	6 fund families	▮	Jul 2026	▮	▮	$6.2B
2	OpenAI Software Development Applications	6 fund families	▮	Jul 2026	▮	▮	$1.6B
3	Databricks Business/Productivity Software	6 fund families	▮	Jul 2026	▮	▮	$1.0B
4	SpaceX Aerospace and Defense	3 fund families	▮	Jun 2026	▮	▮	$890.9M
5	Stripe Other Financial Services	1 fund family	▮	May 2026	▮	▮	$770.1M
6	Anduril Industries Aerospace and Defense	2 fund families	▮	Jul 2026	▮	▮	$366.3M
7	Fanatics Commerce	1 fund family	▮	Jul 2026	▮	▮	$315.0M
8	Crusoe Systems and Information Management	3 fund families	▮	Jul 2026	▮	▮	$227.0M
9	Cerebras Systems (NAS: CBRS) Application Specific Semiconductors	1 fund family	▮	Apr 2026	▮	▮	$166.2M
10	PsiQuantum Computers, Parts and Peripherals	1 fund family	▮	May 2026	▮	▮	$144.2M
11	Lightmatter Application Specific Semiconductors	2 fund families	▮	Jul 2026	▮	▮	$84.5M
12	Epic Games Entertainment Software	3 fund families	▮	Jul 2026	▮	▮	$83.8M
13	Lambda Systems and Information Management	2 fund families	▮	Jul 2026	▮	▮	$69.1M
14	Shield AI Aerospace and Defense	2 fund families	▮	Jul 2026	▮	▮	$40.2M
15	Kalshi Other Financial Services	1 fund family	▮	Jul 2026	▮	▮	$32.8M
16	Replit Software Development Applications	1 fund family	▮	Jul 2026	▮	▮	$29.9M
17	Groq General Purpose Semiconductors	2 fund families	▮	Jul 2026	▮	▮	$26.3M
18	Redwood Materials Other Materials	2 fund families	▮	Jul 2026	▮	▮	$26.3M
19	Neuralink	2 fund families	▮	Jul 2026	▮	▮	$23.2M
20	Mercury Technologies Other Commercial Banks	1 fund family	▮	Jun 2026	▮	▮	$15.0M
21	Skild AI Other Hardware	1 fund family	▮	Jun 2026	▮	▮	$11.1M
22	Algolia Business/Productivity Software	1 fund family	▮	Jul 2026	▮	▮	$10.9M
23	Discord Communication Software	4 fund families	▮	Jul 2026	▮	▮	$8.9M
24	Patreon Marketplace	1 fund family	▮	Jun 2026	▮	▮	$6.5M
25	Tanium Network Management Software	1 fund family	▮	Jul 2026	▮	▮	$5.8M
26	Kraken Financial Software	1 fund family	▮	Jun 2026	▮	▮	$4.2M
27	Perplexity AI Business/Productivity Software	1 fund family	▮	Jul 2026	▮	▮	$3.3M
28	Nuro Automotive	1 fund family	▮	Jun 2026	▮	▮	$3.3M
29	Vercel Software Development Applications	1 fund family	▮	Jun 2026	▮	▮	$2.5M
30	Dataminr Business/Productivity Software	1 fund family	▮	Jul 2026	▮	▮	$2.1M
31	DataRobot	1 fund family	▮	Jun 2026	▮	▮	$485K
32	Automation Anywhere	1 fund family	▮	Jun 2026	▮	▮	$320K
33	Epirus Aerospace and Defense	1 fund family	▮	Jun 2026	▮	▮	$278K
34	Flexport Logistics	2 fund families	▮	Jul 2026	▮	▮	$192K
35	Impossible Foods Food Products	1 fund family	▮	Jun 2026	▮	▮	$83K

Mark = median of each fund family’s latest implied $/share. Market = the secondary market price PrivateMarketView carries for the name (live market data where it exists, else recent prints). Gap = market vs mark. A fund family struck through is on a different share basis (a split its filing predates, another class) and is not counted; a gap over 3× is marked “?” for the same reason.

Marked, not traded

100 companies · the funds' mark is the only price there is

#	Company	Marked by	Funds mark it at	As of	Held
1	Waymo Automotive	3 fund families	▮	Jul 2026	$465.1M
2	Oura Electronics (B2C)	1 fund family	▮	Jul 2026	$183.6M
3	Juul Labs Other Consumer Non-Durables	2 fund families	▮	Jul 2026	$137.7M
4	VAST Data	3 fund families	▮	Jun 2026	$115.6M
5	Canva Multimedia and Design Software	3 fund families	▮	Jul 2026	$112.0M
6	Diamond Foundry Luxury Goods	2 fund families	▮	Jul 2026	$92.5M
7	Tenstorrent Application Specific Semiconductors	3 fund families	▮	Jul 2026	$92.4M
8	Element Labs (Commercial Products)	1 fund family	▮	Jul 2026	$78.0M
9	Xsight Labs Application Specific Semiconductors	2 fund families	▮	Jul 2026	$63.0M
10	Figure AI Other Hardware	2 fund families	▮	Jul 2026	$61.7M
11	Acrisure Insurance Brokers	1 fund family	▮	Jul 2026	$60.3M
12	Reflection AI Software Development Applications	1 fund family	▮	May 2026	$58.3M
13	Taalas	1 fund family	▮	Jul 2026	$45.0M
14	Neutron Holdings	1 fund family	▮	May 2026	$37.9M
15	Skyryse Aerospace and Defense	1 fund family	▮	Jul 2026	$35.3M
16	Ayar Labs	1 fund family	▮	Jul 2026	$33.5M
17	Frore Systems Other Semiconductors	2 fund families	▮	Jul 2026	$30.3M
18	Alif Semiconductor Semiconductors	1 fund family	▮	Jul 2026	$27.5M
19	Rallybio Drug Discovery	2 fund families	▮	Jul 2026	$25.7M
20	K2 Space	1 fund family	▮	Jul 2026	$24.7M
21	Cellares	1 fund family	▮	Jul 2026	$20.9M
22	Wonder	1 fund family	▮	Jul 2026	$20.0M
23	Physical Intelligence	2 fund families	▮	Jul 2026	$19.6M
24	Retym General Purpose Semiconductors	2 fund families	▮	Jul 2026	$18.9M
25	Apptronik	2 fund families	▮	Jul 2026	$17.8M
26	CelLink Electrical Equipment	2 fund families	▮	Jul 2026	$17.8M
27	Lila Sciences	1 fund family	▮	Jul 2026	$17.8M
28	Hydra Host	1 fund family	▮	Jul 2026	$17.5M
29	CellCentric Biotechnology	2 fund families	▮	Jul 2026	$17.0M
30	CHAOS Industries	1 fund family	▮	Jun 2026	$15.7M
31	Endeavor BioMedicines Drug Discovery	2 fund families	▮	Jul 2026	$15.4M
32	Runway AI Multimedia and Design Software	2 fund families	▮	Jul 2026	$15.3M
33	Hermeus	1 fund family	▮	Jun 2026	$15.0M
34	Beast Industries	1 fund family	▮	Jun 2026	$15.0M
35	Parabilis Medicines Drug Discovery	1 fund family	▮	Apr 2026	$13.3M
36	Cleerly Decision/Risk Analysis	2 fund families	▮	Jul 2026	$13.1M
37	Celestial AI Business/Productivity Software	2 fund families	▮	Jul 2026	$13.0M
38	Blink Health	1 fund family	▮	Jul 2026	$12.9M
39	Applied Intuition Business/Productivity Software	1 fund family	▮	Jul 2026	$12.6M
40	Sonoma Biotherapeutics Drug Discovery	1 fund family	▮	Jul 2026	$12.2M
41	Freenome Decision/Risk Analysis	2 fund families	▮	May 2026	$11.8M
42	Triveni Bio Drug Discovery	1 fund family	▮	May 2026	$11.7M
43	Castle Creek Biosciences	1 fund family	▮	Jul 2026	$11.7M
44	Moloco Media and Information Services (B2B)	1 fund family	▮	Jul 2026	$11.6M
45	Lucra Sports	1 fund family	▮	Jul 2026	$11.1M
46	Kardium Diagnostic Equipment	2 fund families	▮	Jul 2026	$10.9M
47	Wugen Drug Discovery	2 fund families	▮	Jul 2026	$10.4M
48	Securitize	1 fund family	▮	Apr 2026	$10.0M
49	World Labs Multimedia and Design Software	1 fund family	▮	Jul 2026	$9.2M
50	Bright Peak Therapeutics Drug Discovery	1 fund family	▮	Jul 2026	$8.7M
51	Hammerspace	1 fund family	▮	Jul 2026	$8.5M
52	Socure	1 fund family	▮	Jun 2026	$8.4M
53	Element Biosciences Other Healthcare Technology Systems	2 fund families	▮	Jul 2026	$8.1M
54	Starling Bank Other Commercial Banks	1 fund family	▮	Jul 2026	$7.7M
55	Medical Microinstruments Surgical Devices	2 fund families	▮	Jul 2026	$7.7M
56	Aledade Enterprise Systems (Healthcare)	2 fund families	▮	Jul 2026	$7.6M
57	Density AI	1 fund family	▮	Jul 2026	$7.2M
58	Galvanize Therapeutics Therapeutic Devices	2 fund families	▮	Jul 2026	$7.1M
59	Insightec Therapeutic Devices	2 fund families	▮	Jul 2026	$6.4M
60	Asapp Business/Productivity Software	1 fund family	▮	May 2026	$6.0M
61	GupShup Business/Productivity Software	1 fund family	▮	Jul 2026	$5.0M
62	Kartos Therapeutics	1 fund family	▮	Jul 2026	$4.8M
63	Portal Space Systems	1 fund family	▮	Jul 2026	$4.5M
64	Scorpion Therapeutics Drug Discovery	1 fund family	▮	May 2026	$4.3M
65	GTT Communications Telecommunications Service Providers	1 fund family	▮	Jul 2026	$4.3M
66	Axiom Space Aerospace	2 fund families	▮	Jul 2026	$4.2M
67	Checkr Business/Productivity Software	1 fund family	▮	May 2026	$4.1M
68	Mythical Games Entertainment Software	1 fund family	▮	Jul 2026	$4.0M
69	Flexe	1 fund family	▮	Jun 2026	$3.6M
70	Blockdaemon Software Development Applications	1 fund family	▮	Jul 2026	$3.3M
71	Umoja Biopharma	1 fund family	▮	Jul 2026	$3.0M
72	Supabase	1 fund family	▮	Jun 2026	$2.8M
73	Asimov (Business/Productivity Software)	2 fund families	▮	Jul 2026	$2.1M
74	Kardigan Drug Discovery	1 fund family	▮	May 2026	$2.0M
75	Form Energy	1 fund family	▮	Jul 2026	$1.9M
76	ClassDojo Educational Software	1 fund family	▮	Jun 2026	$1.9M
77	T-Knife Therapeutics Biotechnology	1 fund family	▮	Jul 2026	$1.8M
78	Treeline Biosciences	1 fund family	▮	Jul 2026	$1.7M
79	DataXtrax	1 fund family	▮	Jul 2026	$1.5M
80	Neurona Therapeutics Drug Discovery	1 fund family	▮	Jul 2026	$1.3M
81	Gamefam Entertainment Software	1 fund family	▮	Jul 2026	$1.1M
82	Celonis	1 fund family	▮	Jul 2026	$866K
83	firmly	1 fund family	▮	Jul 2026	$846K
84	Critical Ideas	1 fund family	▮	Jul 2026	$823K
85	City Therapeutics Drug Discovery	1 fund family	▮	Jul 2026	$631K
86	Atomic Vaults	1 fund family	▮	Jul 2026	$625K
87	Kino Technologies	1 fund family	▮	Jul 2026	$552K
88	Candid Therapeutics Drug Discovery	2 fund families	▮	Jul 2026	$474K
89	Jeeves	1 fund family	▮	Jun 2026	$449K
90	Public	1 fund family	▮	Jun 2026	$365K
91	ElevateBio Discovery Tools (Healthcare)	2 fund families	▮	Jul 2026	$358K
92	Antares Therapeutics	1 fund family	▮	May 2026	$296K
93	Empower Semiconductor Application Specific Semiconductors	1 fund family	▮	Jul 2026	$221K
94	Capsule (Multimedia and Design Software)	1 fund family	▮	Jun 2026	$211K
95	Rad Power Bikes Automotive	1 fund family	▮	Jul 2026	$104K
96	Needle	1 fund family	▮	Apr 2026	$98K
97	Myosin Therapeutics	1 fund family	▮	May 2026	$92K
98	PrognomIQ	1 fund family	▮	May 2026	$76K
99	Relativity Space Aerospace and Defense	2 fund families	▮	Jul 2026	$44K
100	Cano Health Clinics/Outpatient Services	1 fund family	▮	Apr 2026	$3K

Frequently asked

What is an institutional fund mark?: A mutual fund that holds shares in a private company must report what those shares are worth every quarter in its N-PORT filing to the SEC. The implied price per share is that reported value divided by the shares held. It is the fund's own valuation, not a trade.
Why do the marks differ from the secondary market price?: Funds mark to their valuation policy, usually anchored on the last priced round and adjusted quarterly; the secondary market prices every trade. When a name is in demand the market runs ahead of the marks; when it cools the marks sit above the market until the funds catch up. The gap column shows which way, and by how much.
Why do different funds mark the same company differently?: Each family values independently, often holds a different share class, and files on its own quarter-end. A mark more than three times, or under a third of, the others usually reflects a stock split the filing predates or a different class of share; it is shown but not counted in the median.
How current are the marks?: Funds report up to 60 days after each quarter end, so the newest mark is typically one to two quarters old. This page uses each fund family's latest mark from the last 6 months (newest period: Jul 2026); the market price is today's.

Source: SEC Form N-PORT filings, level-3 fair-value holdings matched to companies by PrivateMarketView. Each company’s full filing history is on its page.