Connective Capital Management, LLC In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 16, 2024), Connective Capital Management, LLC reported 20 stock positions worth $63.4 million . Its top holding was Intuitive Surgical (ISRG) at 14.6% of the portfolio, followed by Microsoft (MSFT, 12.2% ) and iShares Russell 2000 ETF (IWM, 11.6% ). Compared with Q4 2023, it opened 4 new positions, sold out of 82, added to 4 and reduced 2. The biggest buy was a new position in Intuitive Surgical (ISRG) and the biggest sale an exit from Dir Dai SML Ca Bul 3X Et-Usd (TNA).
Location PALO ALTO, CA
CIK 0001543568
Portfolio Value $63.4M (Q1 2024) Holdings 20 stocks · $63.4M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 ISRG Intuitive Surgical Inc. 23,237 $9.3M New MSFT Microsoft Corp. 18,309 $7.7M No change IWM iShares Russell 2000 ETF 34,842 $7.3M Add +70.0% AAPL Apple Inc. 27,356 $4.7M No change QLD Proshares Ultra QQQ 52,959 $4.6M No change CCJ Cameco Corp. 98,623 $4.3M Reduce -22.8% ASML ASML Holding NV-NY Reg SHS 4,185 $4.1M No change ANSS Ansys Inc. 11,323 $3.9M Add +245.3% IWO iShares Russell 2000 Growth 13,453 $3.6M No change AMZN Amazon.com Inc. 15,565 $2.8M No change GOOGL Alphabet Inc. Class A 17,818 $2.7M No change IWC iShares Micro-Cap ETF 20,066 $2.4M No change MELI MercadoLibre Inc. 1,426 $2.2M No change NXE Nexgen Energy Ltd. 158,131 $1.2M Reduce -25.8% UEC Uranium Energy Corp. 124,007 $837K No change DNN Denison Mines Corp. 308,785 $602K Add +208.8% HGBL Heritage Global Inc. 203,938 $538K New SLP Simulations Plus Inc. 8,835 $364K New FTHM Fathom Holdings Inc. 81,293 $162K Add +418.7% MOBIX LABS INC 22,397 $1K New
Options reported separately and not counted above: CAMECO CORP calls ($2.2M).
Other holdings (4): bonds, preferreds, convertibles and warrants · $8K (not counted above) Security Class Shares / Principal Value Change SURGW Surgepays Inc. -CW24 *W EXP 10/22/202 9,529 $6K New BITE.WS Bite Acquisition Corp. -CW27 *W EXP 02/12/203 24,999 $2K No change NBSTW Newbury Street Acq -CW27 *W EXP 04/30/202 10,498 $444 No change EACPW Edify Acq Class A -CW27 *W EXP 11/25/202 5,000 $4 New
Total filed on the 13F, all lines: $63.4M.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ TNA Dir Dai SML Ca Bul 3X Et-Usd Sold out 0.00% −33.66 GLNG Golar LNG Ltd. Sold out 0.00% −3.24 XBI SS SPDR S&P Biotech ETF Sold out 0.00% −1.68 QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −1.39 CGNX Cognex Corp. Sold out 0.00% −0.89 KRE SS SPDR S&P Regional Bank Sold out 0.00% −0.80 ZILLOW INC Sold out 0.00% −0.77 MRVL Marvell Technology Inc. Sold out 0.00% −0.77 PODD Insulet Corp. Sold out 0.00% −0.74 ALTO Alto Ingredients Inc. Sold out 0.00% −0.73 AMAM Ambrx Biopharma Inc.-ADR Sold out 0.00% −0.70 CALYXT INC Sold out 0.00% −0.67 ASHFORD HOSPITALITY TR INC Sold out 0.00% −0.55 CGC Canopy Growth Corp. Sold out 0.00% −0.54 RDFN Redfin Corp. Sold out 0.00% −0.50 COMP Compass Inc. Class A Sold out 0.00% −0.49 DCTH Delcath Systems Inc. Sold out 0.00% −0.48 SUNWQ Sunworks Inc. Sold out 0.00% −0.48 BMBL Bumble Inc. Class A Sold out 0.00% −0.48 APPS Digital Turbine Inc. Sold out 0.00% −0.47 NRDY Nerdy Inc. Sold out 0.00% −0.46 ACMR Acm Research Inc. Class A Sold out 0.00% −0.45 SAFETY SHOT INC Sold out 0.00% −0.43 REAL The Realreal Inc. Sold out 0.00% −0.43 SUNDIAL GROWERS INC Sold out 0.00% −0.43 IMUX Immunic Inc. Sold out 0.00% −0.42 PRPL Purple Innovation Inc. Sold out 0.00% −0.41 HYFM Hydrofarm Hldgs Group Inc. Sold out 0.00% −0.39 PACK Ranpak Holdings Corp. Sold out 0.00% −0.39 SNBRQ Sleep Number Corp. Sold out 0.00% −0.38 SFIX Stitch Fix Inc. Class A Sold out 0.00% −0.37 MOND Mondee Holdings Inc. Sold out 0.00% −0.37 ASXC Asensus Surgical Inc. Sold out 0.00% −0.35 BGFV Big 5 Sporting Goods Corp. Sold out 0.00% −0.35 TLRY Tilray Brands Inc. Sold out 0.00% −0.35 HROW Harrow Inc. Sold out 0.00% −0.35 ARLO Arlo Technologies Inc. Sold out 0.00% −0.30 E-HOME HOUSEHOLD SVC HLDGS L Sold out 0.00% −0.26 RCAT Red Cat Holdings Inc. Sold out 0.00% −0.26 ACHR Archer Aviation Inc. Class A Sold out 0.00% −0.26 LILMF Lilium NV Sold out 0.00% −0.25 PFIE Profire Energy Inc. Sold out 0.00% −0.24 APLT Applied Therapeutics Inc. Sold out 0.00% −0.23 CANOQ Cano Health Inc. Sold out 0.00% −0.21 ZOMDF Zomedica Corp. Sold out 0.00% −0.20 BEEM Beam Global Sold out 0.00% −0.20 ACB Aurora Cannabis Inc. Com Sold out 0.00% −0.19 VXRT Vaxart Inc. Sold out 0.00% −0.19 ALPP Alpine 4 Holdings Inc. Sold out 0.00% −0.18 VERI Veritone Inc. Sold out 0.00% −0.17
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ ISRG Intuitive Surgical Inc. New 14.64% +14.64 IWM iShares Russell 2000 ETF Add +70.0% 11.57% +8.07 ANSS Ansys Inc. Add +245.3% 6.20% +5.19 HGBL Heritage Global Inc. New 0.85% +0.85 DNN Denison Mines Corp. Add +208.8% 0.95% +0.80 SLP Simulations Plus Inc. New 0.57% +0.57 FTHM Fathom Holdings Inc. Add +418.7% 0.26% +0.21 MOBIX LABS INC New 0.00% +0.00
Notes & Other Activity Q4 2023 → Q1 2024 Security Class Change vs Q4 2023 Shares / Principal Value ▼ SURGW Surgepays Inc. -CW24 *W EXP 10/22/202 New 9,529 $6K ADEX.WS Adit Edtech Acq -CW27 *W EXP 99/99/999 Sold out 17,500 $1Kbefore exit EACPW Edify Acq Class A -CW27 *W EXP 11/25/202 New 5,000 $4
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 66 $141.9M QQQ, QLD, ISRG, AMD, TSM Q1 2026 62 $121.1M QQQ, ISRG, QLD, MSFT, AAPL Q4 2025 53 $170.2M VOO, QQQ, ISRG, QLD, MSFT Q3 2025 69 $108.9M QQQ, ISRG, AVGO, MSFT, QLD Q2 2025 46 $107.0M ISRG, QQQ, MSFT, AVGO, QLD Q1 2025 43 $108.6M QQQ, ISRG, SPY, MSFT, QLD Q4 2024 64 $85.8M ISRG, GLNG, MSFT, AAPL, QLD Q3 2024 33 $107.7M QQQ, ISRG, MSFT, GLNG, AAPL Q2 2024 Amended 27 $53.2M MSFT, AAPL, QLD, ASML, IWO Q1 2024 Amended 20 $63.4M ISRG, MSFT, IWM, AAPL, QLD