Lightmatter

As filed: Lightmatter · and 4 other spellings across funds

Every mark, and where it comes from

Each row is one fund's own reported figure for 2026-Q3. "Per share" is the reported dollar value divided by the reported share count — nothing else has been done to it. The filing link opens the document the two numbers came from.

These funds hold 5 different instruments in Lightmatter. Different preferred series carry genuinely different rights and prices, so part of the spread above is not disagreement about the company — it is the difference between the securities. Compare rows with the same instrument before drawing a conclusion.

Quarter by quarter

The same measurement, repeated. Fund counts move between quarters partly because holdings change and partly because this snapshot reads a bounded sample of filings, so read the medians rather than the changes in coverage.

Can you actually own any of this?

No public company discloses a stake in Lightmatter, and no fund we can price holds it. For an investor without accredited status there is no position to take here at all — the marks above are information, not an opportunity. That is a more useful conclusion than it looks: it is the gap that products promising retail "pre-IPO access" are sold into. See which companies do have routes.

How accurate have marks like these been?

Lightmatter is still private, so nothing here can be scored against a market price yet. What can be scored is the method: 6 companies we covered have since listed. On the 3 of those whose share count did not change on the way to market, the median fund mark came in -38.2% against the first closing price, with a worst absolute miss of 2250%. Marks are consistently conservative and occasionally very wrong. Every graded listing is published, including the ones that make the method look bad.

Snapshot built 2026-11-07 from SEC EDGAR · all covered companies · this company as JSON