FORTUNE -- Mary Meeker is turning out to be a pretty good venture capitalist.
The former Morgan Stanley Internet analyst joined Kleiner Perkins Caufield & Byers in January 2011, to lead a new $1 billion fund focused on growth-stage technology companies. At the time, she had plenty of skeptics. Meeker would be in charge of KPCB's largest active fund, despite having no past professional investing experience. Moreover, wasn't KPBC chasing a later-stage fad -- perhaps in order to collect popular company "logos" -- rather than sticking to its early-stage knitting?
Today, however, Meeker's fund filed its first-ever Form 13F with the SEC -- an action prompted by the fund's holding more than $1 billion in marketable securities as of Dec. 30, 2013. What it shows is that, as of year-end, the fund had around $1.3 billion worth of stock in five publicly-traded companies. They were:
Assuming that the fund still holds those shares today, the value would be a bit lower at $1.28 billion -- but still well above the $1 billion fund size.
More importantly, that figure doesn't include shares the fund already has sold in some of those companies, nor other big realizations like Waze (sold to Google). And then there are the portfolio's heady pre-IPO companies, which include JD.com (in registration), Docusign, Jawbone, LendingClub, One King's Lane, SoundCloud, Spotify and Square. In other words, there should be several more big wins on the horizon.
To be sure, not all of the credit goes to Meeker. For example, she wasn't even formally with the firm when it began negotiating its Twitter investment -- and several of the Digital Growth Fund's deals are co-investments with the early-stage fund.
But, ultimately, Meeker is responsible for the fund's success or failure. And, based on what we learned today, it clearly seems to be the former.
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Kleiner Perkins is slowly beginning to rev up the fundraising engine.
FORTUNE -- Kleiner Perkins Caufield & Byers is planning to raise its sixteenth early-stage fund later this year, Fortune has learned.
The Sand Hill Road stalwart last was in the market two years ago, when it secured $525 million for KPCB XV. It also continues to manage a paid of growth equity funds, focused on digital and 'green' investments, respectively.
No MOREDan Primack - Feb 11, 2014 12:30 PM ET
Tom Perkins walks in front of a moving bus, and then complains about getting run over.
FORTUNE -- Tom Perkins is not too pleased with the venture capital firm that bears his name.
On Saturday, Kleiner Perkins Caufield & Byers distanced itself from its founder, after Perkins penned a letter to The Wall Street Journal that compared today's "demonization" of wealthy Americans to Nazi Germany's persecution of Jews in the 1930's. Today, MOREDan Primack - Jan 27, 2014 7:38 PM ET
Venture capital firm rightly disavows co-founder comments.
FORTUNE -- As you've almost certainly heard by now, onetime venture capitalist Tom Perkins penned an inane letter to The Wall Street Journal, in which he compared recent "demonization" of America's wealthiest individuals to Nazi Germany's war on Jews. And, to drive the point home, he added: "Kristallnacht was unthinkable in 1930; is its descendent 'progressive' radicalism unthinkable now?"
Just goes to show that any crackpot MOREDan Primack - Jan 27, 2014 12:03 PM ET
Long before being sold to Google for $3.2 billion, Nest had to persuade venture capitalists.
FORTUNE -- Nest Labs is Silicon Valley's most recent success story, agreeing earlier this week to be acquired by Google (GOOG) for $3.2 billion. But it wasn't always such an obvious winner.
Back in 2010, Nest's founding team went to pitch itself to venture capital firm Kleiner Perkins Caufield & Byers. The two investors with whom they MOREDan Primack - Jan 15, 2014 3:23 PM ET
Venture capital firm says that it fired partner for poor performance, not as retaliation for gender discrimination suit.
FORTUNE -- Kleiner Perkins Caufield & Byers is disputing accusations that it fired Ellen Pao last year as retaliation for her gender discrimination lawsuit against the firm. Instead, Kleiner Perkins says in new court documents that Pao was terminated for "long standing performance issues."
Pao originally filed suit in May 2012, alleging that Kleiner MOREDan Primack - Nov 25, 2013 2:21 PM ET
Kleiner Perkins partner ponders next act.
FORTUNE -- Chi-Hua Chien, a partner with Kleiner Perkins Caufield & Byers, is thinking about launching his own venture capital fund, Fortune has learned.
Chien is in the very early stages of talking to both prospective LPs and his Kleiner Perkins colleagues, for what likely would be a small seed and early-stage fund focused on consumer technology companies.
Last month we reported on a major management shake-up over MOREDan Primack - Nov 14, 2013 12:19 PM ET
Neighborhood social network maker now worth around $600 million.
FORTUNE -- Nextdoor, a private social network for neighborhoods, this morning announced that it has raised $60 million in new VC funding, co-led by Tiger Global Management and Kleiner Perkins Caufield & Byers. The round was competitive, with sources telling Fortune that it values the San Francisco-based company at approximately $600 million.
Comcast Ventures also participated, alongside existing shareholders Benchmark, Greylock Partners and Shasta MOREDan Primack - Oct 29, 2013 9:01 AM ET
Memo reveals slimmed-down investment committee.
FORTUNE -- Kleiner Perkins Caufield & Byers is making some major changes to its early-stage investment practice, Fortune has learned.
The venerable VC firm this week sent a memo to its limited partners, explaining that its active early-stage funds will be led by a group of just five managing directors (who also will serve as the funds' investment committee). The quintet consists of: John Doerr, Ted Schlein, Randy MOREDan Primack - Oct 11, 2013 11:23 AM ET
Kleiner Perkins sells its 14 year-old stake in AutoTrader to Cox Enterprises.
FORTUNE -- It has been 14 years since Kleiner Perkins Caufield & Byers invested in AutoTrader.com, an Atlanta-based digital automotive marketplace that would later acquire such properties as Kelly Blue Book. It was a stereotypical dotcom investment, with KP holding onto its shares long after the bubble burst and yet another boom/bust cycle ran its course.
But Fortune has learned MOREDan Primack - Aug 8, 2013 11:48 AM ET
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