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Venture NAV Tracker / Fund

Fundrise Innovation Fund (VCX)

Latest complete schedule is also reported in the 2026 annual shareholder report.

Fund website ↗

Stale-mark flag: the latest filed NAV per share is dated Mar 31, 2026, more than 120 days before this build.

Market quote as of Jul 22, 2026 — older than the tracker's 10-day freshness window. The premium/discount below is shown as of that date, pending the next quote refresh.

Structureclosed-end fund
ExchangeNYSE
NAV / share$18.97Mar 31, 2026 · source ↗
Market price$60.11as of Jul 22, 2026 · source ↗
Premium / discount+216.9%As of Jul 22, 2026 — quote outside the freshness window
Net assets$678.9MMar 31, 2026 · source ↗

Latest observation

NAV vs. market price

Each figure carries its own reporting date.

NAV / share$18.97Mar 31, 2026 · source ↗
Market price$60.11as of Jul 22, 2026 · source ↗

Fund facts

Manager
Fundrise Advisors, LLC
NAV frequency
quarterly
Primary filing
N-CSR
Expense ratio
—
Shares outstanding
35,797,138Mar 31, 2026 · source ↗

Cash & equivalents $38.3MMar 31, 2026 · source ↗

Filing correction

Top holdings, issuer-level where noted

Exact filing values; reporting dates are shown on each row.

IssuerSecurityFair valueAs ofSource
Anthropic, PBCCo-investment vehicles / direct (aggregated per filing top-ten)$112.4MMar 31, 2026source ↗
Databricks, Inc.SPV + common (aggregated)$95.7MMar 31, 2026source ↗
OpenAI Group PBCCo-investment vehicles (aggregated)$84.2MMar 31, 2026source ↗
Anduril Industries, Inc.Co-invest vehicle + Series Seed preferred (aggregated)$37.6MMar 31, 2026source ↗
Ramp Business Corp.Equity$27.7MMar 31, 2026source ↗

Schedule of investments

Latest disclosed positions

Mar 31, 2026 reporting period

CompanyFair value% of NAVSecurityImplied price / shareMethodology / source
DBH1 LP$72.5MMar 31, 2026 · source ↗+10.7%Mar 31, 2026 · source ↗SPVFair value hierarchy level N/A$72,479,780.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Quiet OA Access LP$64.6MMar 31, 2026 · source ↗+9.5%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$64,613,489.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
SaxeCap Advisors VIII, LP$56.4MMar 31, 2026 · source ↗+8.3%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$56,388,340.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
HOF Capital AG Follow On, LLC$36MMar 31, 2026 · source ↗+5.3%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$36,029,463.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
8VC ANSE SPV, LP$30.2MMar 31, 2026 · source ↗+4.5%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$30,231,356.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
SP Private Investments XIII, LLC$26.9MMar 31, 2026 · source ↗+4.0%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$5,265.90Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Databricks, Inc$23.3MMar 31, 2026 · source ↗+3.4%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$190.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
AI Access 12, LLC$20MMar 31, 2026 · source ↗+2.9%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$20,000,000.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
HOF Capital AP Growth, LLC$19.5MMar 31, 2026 · source ↗+2.9%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$19,548,977.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Epic Games, Inc$19.2MMar 31, 2026 · source ↗+2.8%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$446.42Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
dbt Labs, Inc$15MMar 31, 2026 · source ↗+2.2%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$34.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
SWITCH Data Centers - SWCH 2025-DATA E$12.3MMar 31, 2026 · source ↗+1.8%Mar 31, 2026 · source ↗convertible noteFair value hierarchy level 2$0.99Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Vanta, Inc$10.1MMar 31, 2026 · source ↗+1.5%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$18.23Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
QTS Data Centers - BX 2025-VOLT C$10MMar 31, 2026 · source ↗+1.5%Mar 31, 2026 · source ↗convertible noteFair value hierarchy level 2$1.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
QTS Data Centers - BX 2025-VLT6 E$9.9MMar 31, 2026 · source ↗+1.5%Mar 31, 2026 · source ↗convertible noteFair value hierarchy level 2$0.99Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Canva, IncProductivity Software$9.6MMar 31, 2026 · source ↗+1.4%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$1,646.14Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Loyal Animal Health, Inc$9.6MMar 31, 2026 · source ↗+1.4%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$12.26Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Vantage Data Centers - VDCM 2025-AZ D$9.1MMar 31, 2026 · source ↗+1.3%Mar 31, 2026 · source ↗convertible noteFair value hierarchy level 2$1.01Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Anduril Industries, Inc$7.4MMar 31, 2026 · source ↗+1.1%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$96.60Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
QTS Data Centers - BX 2025-VLT7 D$7MMar 31, 2026 · source ↗+1.0%Mar 31, 2026 · source ↗convertible noteFair value hierarchy level 2$1.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
QTS Data Centers - BX 2025-VLT7 E$7MMar 31, 2026 · source ↗+1.0%Mar 31, 2026 · source ↗convertible noteFair value hierarchy level 2$0.99Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Flock Group, Inc$5.6MMar 31, 2026 · source ↗+0.8%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$15.14Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
EdgeCore Data Centers - ECORE 2025-1A B$5.6MMar 31, 2026 · source ↗+0.8%Mar 31, 2026 · source ↗convertible noteFair value hierarchy level 2$0.93Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Visual Layer, Inc$5MMar 31, 2026 · source ↗+0.7%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$5,000,000.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Erebor Bank, N.A$5MMar 31, 2026 · source ↗+0.7%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$267.68Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
QTS Data Centers - BX 2025-VLT6 D$5MMar 31, 2026 · source ↗+0.7%Mar 31, 2026 · source ↗convertible noteFair value hierarchy level 2$0.99Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Promissory Note - Theory Ventures$4.7MMar 31, 2026 · source ↗+0.7%Mar 31, 2026 · source ↗convertible noteFair value hierarchy level 3$0.95Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
AI-LLM, LLC$3.1MMar 31, 2026 · source ↗+0.5%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$3,105,000.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Stryder Corp. dba Handshake$2.8MMar 31, 2026 · source ↗+0.4%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$75.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Anyscale, Inc$2.5MMar 31, 2026 · source ↗+0.4%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$4.88Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Intercom, IncApplication Software$2.4MMar 31, 2026 · source ↗+0.4%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$53.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Ramp Business Corp$2.4MMar 31, 2026 · source ↗+0.3%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$90.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Immuta, Inc$1MMar 31, 2026 · source ↗+0.2%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$12.77Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Inspectify, Inc$1MMar 31, 2026 · source ↗+0.1%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$1,000,000.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
DittoLive, Inc$1MMar 31, 2026 · source ↗+0.1%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$13.64Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Stripe, Inc$617.7KMar 31, 2026 · source ↗+0.1%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$63.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Omni Analytics, Inc$588.2KMar 31, 2026 · source ↗+0.1%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$10.14Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Carry Technologies, Inc. dba Hightouch$583.2KMar 31, 2026 · source ↗+0.1%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$49.77Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Luminos, Inc$284.6KMar 31, 2026 · source ↗+0.0%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$1.68Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Rhino Labs, Inc$141.4KMar 31, 2026 · source ↗+0.0%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$0.83Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
ACA Projects, Inc. dba Risotto$125.4KMar 31, 2026 · source ↗+0.0%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$1.43Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
AgentHub, Inc. dba Gumloop$21.7KMar 31, 2026 · source ↗+0.0%Mar 31, 2026 · source ↗SPVFair value hierarchy level 3$4.79Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
Reverse Repo Barclays Bank PLC-$5.8MMar 31, 2026 · source ↗-0.8%Mar 31, 2026 · source ↗convertible noteFair value hierarchy level 2$1.00Mar 31, 2026 · source ↗N-PORT 2026-03-31 ↗

Position history

Reported fair-value marks

Each bar is a disclosed position-quarter.

$10MQTS Data Centers - BX 2025-VOLT CMar 31, 2026 · source ↗$7MQTS Data Centers - BX 2025-VLT7 DMar 31, 2026 · source ↗$7MQTS Data Centers - BX 2025-VLT7 EMar 31, 2026 · source ↗$5MQTS Data Centers - BX 2025-VLT6 DMar 31, 2026 · source ↗$9.9MQTS Data Centers - BX 2025-VLT6 EMar 31, 2026 · source ↗$5.6MEdgeCore Data Centers - ECORE 2025-1A BMar 31, 2026 · source ↗$12.3MSWITCH Data Centers - SWCH 2025-DATA EMar 31, 2026 · source ↗$30.2M8VC ANSE SPV, LPMar 31, 2026 · source ↗$9.1MVantage Data Centers - VDCM 2025-AZ DMar 31, 2026 · source ↗$125.4KACA Projects, Inc. dba RisottoMar 31, 2026 · source ↗$375KACA Projects, Inc. dba RisottoMar 31, 2026 · source ↗$21.7KAgentHub, Inc. dba GumloopMar 31, 2026 · source ↗$3.1MAI-LLM, LLCMar 31, 2026 · source ↗$20MAI Access 12, LLCMar 31, 2026 · source ↗$7.4MAnduril Industries, IncMar 31, 2026 · source ↗$2.5MAnyscale, IncMar 31, 2026 · source ↗$9.6MCanva, IncMar 31, 2026 · source ↗$583.2KCarry Technologies, Inc. dba HightouchMar 31, 2026 · source ↗$100KCarry Technologies, Inc. dba HightouchMar 31, 2026 · source ↗$23.3MDatabricks, IncMar 31, 2026 · source ↗$72.5MDBH1 LPMar 31, 2026 · source ↗$15Mdbt Labs, IncMar 31, 2026 · source ↗$1MDittoLive, IncMar 31, 2026 · source ↗$19.2MEpic Games, IncMar 31, 2026 · source ↗$5MErebor Bank, N.AMar 31, 2026 · source ↗$5.6MFlock Group, IncMar 31, 2026 · source ↗$6.7MFlock Group, IncMar 31, 2026 · source ↗$9.6MFlock Group, IncMar 31, 2026 · source ↗$1.6MFlock Group, IncMar 31, 2026 · source ↗$4.7MPromissory Note - Theory VenturesMar 31, 2026 · source ↗$36MHOF Capital AG Follow On, LLCMar 31, 2026 · source ↗$19.5MHOF Capital AP Growth, LLCMar 31, 2026 · source ↗$1MImmuta, IncMar 31, 2026 · source ↗$1MInspectify, IncMar 31, 2026 · source ↗$5MInspectify, IncMar 31, 2026 · source ↗$2.4MIntercom, IncMar 31, 2026 · source ↗$416.6KIntercom, IncMar 31, 2026 · source ↗$9.6MLoyal Animal Health, IncMar 31, 2026 · source ↗$64.6MQuiet OA Access LPMar 31, 2026 · source ↗$284.6KLuminos, IncMar 31, 2026 · source ↗$79.1KLuminos, IncMar 31, 2026 · source ↗$588.2KOmni Analytics, IncMar 31, 2026 · source ↗$2.4MRamp Business CorpMar 31, 2026 · source ↗$13.4MRamp Business CorpMar 31, 2026 · source ↗$12MRamp Business CorpMar 31, 2026 · source ↗$141.4KRhino Labs, IncMar 31, 2026 · source ↗$1MRhino Labs, IncMar 31, 2026 · source ↗$250KRhino Labs, IncMar 31, 2026 · source ↗-$5.8MReverse Repo Barclays Bank PLCMar 31, 2026 · source ↗-$5.2MReverse Repo Barclays Bank PLCMar 31, 2026 · source ↗-$4.9MReverse Repo Barclays Bank PLCMar 31, 2026 · source ↗$56.4MSaxeCap Advisors VIII, LPMar 31, 2026 · source ↗$26.9MSP Private Investments XIII, LLCMar 31, 2026 · source ↗$617.7KStripe, IncMar 31, 2026 · source ↗$2.8MStryder Corp. dba HandshakeMar 31, 2026 · source ↗$601KStryder Corp. dba HandshakeMar 31, 2026 · source ↗$10.1MVanta, IncMar 31, 2026 · source ↗$5MVisual Layer, IncMar 31, 2026 · source ↗
Figures are compiled from public filings.Read methodologyMELD Valuation