Firms had been recognized primarily based on whether or not they declared property with Silicon Valley Financial institution (SVB) in regulatory SEC filings (8-Okay or 6-Okay filings) between March 10, 2023, and thru March 13, 2023. These declarations both listed an specific financial sum of property, a share of property or a qualitative evaluation of property.
In circumstances the place the businesses listed a precise quantity of property with SVB, we used that worth as the entire quantity of SVB property.
In different circumstances during which a particular share of whole property with SVB had been listed, we used the corporate’s most up-to-date 10-Okay or 10-Q submitting to calculate the greenback quantity (e.g., if the corporate listed “2% of money/money equivalents,” we estimated that greenback quantity utilizing its most not too long ago reported whole money/money equivalents).
When the corporate gave an higher estimate of a greenback quantity or share, we used that higher estimate (e.g., “not more than 1 million/%” was recorded as 1 million/%). When the corporate gave a tough estimate of an quantity or share (e.g. “mid single-digit thousands and thousands of {dollars}/%”), we made essentially the most conservative estimate in keeping with their language: 5 million/% for “mid single-digit”, 2 million/% for “low single-digit”.
The share of SVB property for every firm was calculated by dividing the financial worth of SVB property by the entire property for every firm, as listed on the corporate’s most up-to-date 10-Okay or 10-Q filings.
We excluded firms that explicitly acknowledged a sum of SVB property totaling lower than $250,000, the FDIC-insured threshold, in addition to firms that solely listed property with a world arm of SVB, e.g. SVB-UK. These firms don’t symbolize the totality of firms with stakes in SVB, as many firms have but to publicly declare their SVB stake in regulatory filings.
