Meld Valuation / Venture NAV Tracker
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Venture NAV Tracker / Fund

Fundrise Innovation Fund (VCX)

A closed-end fund holding late-stage private technology companies; operated as a non-listed tender-offer fund from 2022 until its shares began trading on the NYSE in March 2026.

Fund website ↗
Structureclosed-end fund
ExchangeNYSE
NAV / share$18.97Mar 31, 2026 · source ↗
Market price$57.86Jul 20, 2026 · source ↗
Premium / discount+205.0%Derived from latest NAV and price
Net assets$678.9MMar 31, 2026 · source ↗

Latest observation

NAV vs. market price

Reported dates shown below.

NAV / share$18.97Mar 31, 2026 · source ↗
Market price$57.86Jul 20, 2026 · source ↗

Fund facts

Manager
Fundrise Advisors, LLC
NAV frequency
quarterly
Primary filing
N-CSR
Expense ratio
+2.6%

Schedule of investments

Latest disclosed positions

Mar 31, 2026 NAV period

CompanyFair value% of NAVSecurityImplied price / shareMethodology / source
AnthropicArtificial intelligence$112.4MMar 31, 2026 · source ↗+16.5%Mar 31, 2026 · source ↗SPV—Mar 31, 2026 · source ↗held via co-investment SPV — see schedule of investmentsN-CSR/A 2026-03-31 ↗
OpenAIArtificial intelligence$84.2MMar 31, 2026 · source ↗+12.4%Mar 31, 2026 · source ↗SPV—Mar 31, 2026 · source ↗held via co-investment SPV — see schedule of investmentsN-CSR/A 2026-03-31 ↗
DatabricksEnterprise software$72.5MMar 31, 2026 · source ↗+10.7%Mar 31, 2026 · source ↗SPV—Mar 31, 2026 · source ↗held via co-investment SPV — see schedule of investmentsN-CSR/A 2026-03-31 ↗
Anduril IndustriesDefense technology$30.2MMar 31, 2026 · source ↗+4.5%Mar 31, 2026 · source ↗SPV—Mar 31, 2026 · source ↗held via co-investment SPV — see schedule of investmentsN-CSR/A 2026-03-31 ↗
SpaceXAerospace$26.9MMar 31, 2026 · source ↗+4.0%Mar 31, 2026 · source ↗SPV—Mar 31, 2026 · source ↗held via co-investment SPV — see schedule of investmentsN-CSR/A 2026-03-31 ↗

Position history

Reported fair-value marks

Each bar is a disclosed position-quarter.

$112.4MAnthropicMar 31, 2026 · source ↗$84.2MOpenAIMar 31, 2026 · source ↗$72.5MDatabricksMar 31, 2026 · source ↗$30.2MAnduril IndustriesMar 31, 2026 · source ↗$26.9MSpaceXMar 31, 2026 · source ↗$23.3MDatabricksMar 31, 2026 · source ↗
Figures are compiled from public filings.Read methodologyMELD Valuation