UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act File Number 811-22759

SharesPost 100 Fund

(Exact name of Registrant as specified in charter)

101 Jefferson Drive

Menlo Park, CA 94025

(Address of principal executive offices) (Zip code)

National Corporate Research, Ltd.

c/o SharesPost 100 Fund

615 South DuPont Highway

City of Dover, County of Kent, Delaware 19901

 (Name and address of agent for service)

Copy to:

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

666 Third Avenue

New York, NY 10017

Registrant's telephone number, including area code: (800) 834-8707

Date of fiscal year end: December 31

Date of reporting period: September 30, 2017

FORM N-Q

Item 1. Schedule of Investments.

SHARESPOST 100 FUND

Schedule of Investments

September 30, 2017 (Unaudited)

	Acquisition Date	Shares		Cost		Fair Value
COMMON STOCK IN PUBLIC COMPANIES(b) – 0.1%
HOSTING/STORAGE  – 0.1%
Tintri, Inc.(a)	Jul 2015		39,322	$	961,716	$	114,424
TOTAL COMMON STOCK IN PUBLIC COMPANIES					961,716		114,424
COMMON STOCK IN PRIVATE COMPANIES(b) – 41.7%
ADVERTISING  – 11.5%
AdRoll(a)	Mar 2017		3,155		31,550		31,613
Chartboost(a)	Mar 2015		700,000		1,611,000		2,814,000
GroundTruth (f.k.a. xAd, Inc.)(a)	Oct 2016		1,659,427		446,424		746,742
OpenX(a)	Jun 2015		2,899,297		2,615,385		4,348,946
PubMatic(a)	Jun 2015		200,000		1,170,000		3,018,000
					5,874,359		10,959,301
ANALYTICS/BIG DATA  – 4.0%
Cloudera Inc.(a)	Dec 2016		21,511		258,132		349,769
Dataminr, Inc.(a)	Sep 2015		141,875		1,168,750		1,183,238
INRIX, Inc.(a)	May 2014		70,750		1,592,150		2,279,565
					3,019,032		3,812,572
ENTERPRISE SOFTWARE  – 6.0%
Centrify(a)	Sep 2017		128,187		384,561		621,707
Domo(a)	Feb 2017		189,583		970,182		1,522,351
InsideSales.com(a)	Dec 2016		75,000		225,000		355,500
Sprinklr(a)	Jun 2017		100,000		500,000		637,000
SugarCRM(a)	Sep 2015		164,917		612,887		1,218,737
Zuora, Inc.(a)	Jun 2016		329,199		1,010,817		1,336,548
					3,703,447		5,691,843
FINANCE/PAYMENTS  – 2.7%
Prosper Marketplace, Inc.(a)	Jan 2016		244,130		1,307,998		266,102
Social Finance, Inc.(a)	Apr 2017		134,355		1,720,469		2,309,562
					3,028,467		2,575,664
HEALTHCARE/BIOTECH  – 3.4%
Counsyl, Inc.(a)	Sep 2017		100,000		400,000		700,000
Metabiota(a)	Apr 2015		494,589		500,000		900,152
One Medical Group(a)	Mar 2017		8,750		69,912		66,062
Practice Fusion(a)	Oct 2014		734,000		1,137,640		381,680
ZocDoc, Inc.(a)	Feb 2015		61,016		1,321,708		1,169,067
					3,429,260		3,216,961

SHARESPOST 100 FUND

Schedule of Investments

September 30, 2017 (Unaudited)

	Acquisition Date	Shares		Cost		Fair Value
COMMON STOCK IN PRIVATE COMPANIES(b) – 41.7% (Continued)
HOSTING/STORAGE  – 2.3%
Code 42 Software Inc.(a)	May 2016		330,000	$	754,500	$	1,956,900
Hightail, Inc.(a)	Apr 2014		136,028		376,149		238,049
					1,130,649		2,194,949
MUSIC  – 3.8%
Spotify(a)	Aug 2015		1,068		2,099,200		3,552,392
SECURITY  – 2.6%
AlienVault(a)	Oct 2014		237,500		850,000		1,686,250
Tenable Network(a)	Jul 2017		38,820		176,631		286,492
ThreatMetrix(a)	Jun 2017		119,632		418,712		488,098
					1,445,343		2,460,840
SOFTWARE  – 5.4%
Acquia(a)	Apr 2016		90,000		860,000		1,664,100
Docker, Inc.(a)	May 2017		25,000		531,250		610,750
DocuSign, Inc.(a)	May 2014		4,000		53,000		70,200
Optimizely(a)	Feb 2017		160,303		1,420,675		2,792,478
					2,864,925		5,137,528
TOTAL COMMON STOCK IN PRIVATE COMPANIES					26,594,682		39,602,050
PREFERRED STOCK IN PRIVATE COMPANIES(b) – 35.1%
ADVERTISING  – 3.1%
AppNexus, Inc., Preferred Class F(a)	Jul 2016		56,317		1,317,818		1,504,790
GroundTruth (f.k.a. xAd, Inc.), Preferred Class B-1(a)	Feb 2017		600,000		149,200		270,000
WideOrbit, Inc., Preferred Class C(a)	Oct 2015		400,000		1,100,000		1,200,000
					2,567,018		2,974,790
ANALYTICS/BIG DATA  – 0.6%
Palantir Technologies, Inc., Preferred Class D(a)	Jan 2017		75,000		511,500		563,250
CLEAN TECHNOLOGY  – 5.0%
Spruce Finance, Inc., Preferred Class A-1(a)	Sep 2016		100,000		1,000,000		1,375,000
Spruce Finance, Inc., Preferred Class A-2(a)	Mar 2017		190,000		1,900,000		1,900,000
Spruce Finance, Inc., Preferred Class A-3(a)	Mar 2017		1,092,989		1,870,943		1,463,848
					4,770,943		4,738,848
CONSUMER WEB  – 0.1%
Musely, Preferred Class B(a)	Oct 2014		7,961		100,012		100,012
FINANCE/PAYMENTS  – 2.5%
Prosper Marketplace, Inc. Preferred Class A(a)	Jan 2016		55,395		305,781		60,380
Prosper Marketplace, Inc. Preferred Class A-1(a)	Jan 2016		58,165		116		58,165
Social Finance, Inc., Preferred Class A(a)	Apr 2017		10,714		174,638		184,174
Social Finance, Inc., Preferred Class B(a)	Apr 2017		1,361		22,184		23,395

SHARESPOST 100 FUND

Schedule of Investments

September 30, 2017 (Unaudited)

	Acquisition Date	Shares		Cost		Fair Value
PREFERRED STOCK IN PRIVATE COMPANIES(b) – 35.1% (Continued)
FINANCE/PAYMENTS  – 2.5% (Continued)
Social Finance, Inc., Preferred Class C(a)	Apr 2017		2,893	$	47,156	$	49,731
Social Finance, Inc., Preferred Class D(a)	Apr 2017		46,766		762,286		803,907
Social Finance, Inc., Preferred Class E(a)	Apr 2017		43,740		712,962		751,891
Social Finance, Inc., Preferred Class F(a)	Apr 2017		25,172		410,304		432,707
					2,435,427		2,364,350
GAMES  – 3.4%
RockYou, Inc., Preferred Class 1(a)	Apr 2015		1,014,900		1,400,000		3,257,829
HEALTHCARE/BIOTECH  – 2.8%
Intarcia Therapeutics, Inc., Preferred Class DD(a)	May 2017		9,000		519,300		538,290
Metabiota, Preferred Class A(a)	Apr 2015		346,212		500,000		630,106
Metabiota, Preferred Class B(a)	Feb 2017		366,669		500,952		759,005
ZocDoc, Inc., Preferred Class A(a)	Feb 2015		35,000		875,000		670,600
					2,395,252		2,598,001
MUSIC  – 3.0%
SoundHound, Inc., Preferred Class D(a)	Sep 2016		107,484		2,200,767		2,801,356
SECURITY  – 1.8%
Lookout, Inc., Preferred Class A(a)	Feb 2015		204,000		1,927,800		1,738,080
SOFTWARE  – 5.4%
DocuSign, Preferred Class F(a)	Nov 2015		219,973		4,531,444		5,149,568
TRANSPORTATION  – 7.4%
Hyperloop One, Preferred Class B1(a)	Jun 2017		414,473		999,999		999,999
Lyft, Preferred Class D(a)	Oct 2016		12,000		266,600		381,360
Lyft, Preferred Class E(a)	May 2017		178,715		5,009,020		5,679,563
					6,275,619		7,060,922
TOTAL PREFERRED STOCK IN PRIVATE COMPANIES					29,115,782		33,347,006
SHORT-TERM INVESTMENTS  – 21.9%
DEMAND DEPOSIT  – 21.9%
UMB Money Market Fiduciary, 0.01%(c)					20,831,785		20,831,785
TOTAL SHORT-TERM INVESTMENTS					20,831,785		20,831,785
TOTAL INVESTMENTS – 98.8%					77,503,965		93,895,265
Other assets less liabilities – 1.2%							1,169,967
NET ASSETS –100.0%						$	95,065,232

^(a) Non-income Producing

SHARESPOST 100 FUND

Schedule of Investments

September 30, 2017 (Unaudited)

^(b) Investments in private companies, and in some cases public companies, may be subject to restrictions on disposition imposed by issuer. As of September 30, 2017 restricted securities represented 76.86% of net assets of the Fund.

^(c) Rate disclosed represents the seven day yield as of the Fund's period end. The UMB Money Market Fiduciary account is an interest-bearing money market deposit account maintained by UMB Bank, n.a. in its capacity as a custodian for various participating custody accounts. The Fund may redeem its investments in whole, or in part, on each business day.

All issuers are United States based, except for Spotify and OpenX, which are based in Sweden and UK, respectively.

See accompanying Notes to the Schedule of Investments

SHARESPOST 100 FUND

Notes to Schedule of Investments September 30, 2017 (Unaudited)

Organization - SharesPost 100 Fund (the “Fund”) was established as a limited liability company under the laws of the State of Delaware on August 20, 2012 and converted into a Delaware statutory trust on March 22, 2013. The Fund is registered with the Securities and Exchange Commission (the “SEC”) as a non-diversified, closed-end management investment company that operates as an “interval fund” under the Investment Company Act of 1940, as amended (the “1940 Act”). The shares of beneficial interest of the Fund (the “Shares”) will be continuously offered under Rule 415 under the Securities Act of 1933, as amended (the “Securities Act”). As an interval fund, the Fund will make quarterly repurchase offers for 5% of the Fund’s outstanding shares at net asset value (“NAV”), with no repurchase fee incurred. The Fund’s inception date was March 25, 2014. Prior to March 25, 2014, the Fund had been inactive except for matters relating to the Fund’s establishment, designation and planned registration of the Fund’s Shares under the Securities Act and the sale of 5,000 Shares (“Initial Shares”) for $100,000 to SP Investments Management, LLC (the “Investment Adviser”), which occurred on July 30, 2013.

The investment objective of the Fund is to provide investors capital appreciation, which it seeks to achieve by primarily investing in the equity securities of certain private, operating, late-stage, growth companies primarily comprising the SharesPost 100, a list of companies selected and maintained by the Investment Adviser. The Investment Adviser’s primary strategy will be to invest in portfolio companies (each, a “Portfolio Company”) and generally to hold such securities until a liquidity event with respect to such Portfolio Company occurs, such as an initial public offering, which generally includes a restrictive period of 180 days commonly known as a lock-up period, or a merger or acquisition transaction.

Investment Valuation - The Fund’s NAV is based in large part on the value of its securities which will be carried at fair value in accordance with the provision of FASB ASC Topic 820, Fair value Measurements and Disclosures. Where reliable market prices are available for those securities, the Investment Adviser will rely on those prices. However, because the securities in which the Fund invests are often illiquid, market prices may not be readily available or, where available, may be unreliable. At any point in time, there may be few recent purchase or sale transactions or offers on which to base the value of a given private share. In addition, the prices reflected in recent transactions or offers may be extremely sensitive to changes in supply or demand, including changes fueled by investor perceptions or other conditions.

When reliable market values are not available, the Fund’s investments will be valued by the Investment Adviser pursuant to fair valuation procedures and methodologies adopted by the Board of Trustees. While the Fund and the Investment Adviser will use good faith efforts to determine the fair value of the Fund’s securities, fair value will be dependent on the judgment of the Investment Adviser. The Investment Adviser may also rely to some extent on information provided by the Portfolio Companies.

From time to time, the Fund may determine that it should modify its estimates or assumptions, as new information becomes available. As a consequence, the value of the securities and therefore the Fund’s NAV may vary. This may adversely affect Shareholders. Other than in connection with a liquidity event of a Portfolio Company, the Fund will generally sell Portfolio Company securities only in order (and only to the extent necessary) to fund quarterly repurchases of Fund Shares. However, because of the uncertainty and judgment involved in the fair valuation of the private shares, which do not have a readily available market, the estimated fair value of such shares may be different from values that would have been used had a readily available market existed for such shares. In addition, in the event that the Fund desires to sell Portfolio Company shares, the Fund may also not be able to sell these securities at the prices at which they are carried on the Fund’s books, or may have to delay their sale in order to do so. This may adversely affect the Fund’s NAV.

SHARESPOST 100 FUND

The Board of Trustees has delegated the day-to-day responsibility for determining these fair values to the Investment Adviser, but the Board of Trustees has the ultimate responsibility for determining the fair value of the portfolio of the Fund. The Investment Adviser has developed the Fund’s fair valuation procedures and methodologies, which have been approved by the Board of Trustees, and will make fair valuation determinations and act in accordance with those procedures and methodologies, and in accordance with the 1940 Act. Fair valuation determinations are to be reviewed and, as necessary, ratified or revised quarterly by the Board of Trustees (or more frequently if necessary), including in connection with any quarterly repurchase offer.

Generally Accepted Accounting Principles (GAAP) defines fair value, establishes a three-tier framework for measuring fair value based on a hierarchy of inputs, and expands disclosure about fair value measurements. It also provides guidance on determining when there has been a significant decrease in the volume and level of activity for an asset or liability, when a transaction is not orderly and how that information must be incorporated into a fair value measurement. The hierarchy distinguishes between market data obtained from independent sources (observable inputs) and the Fund’s own market assumptions (unobservable inputs). These inputs are used in determining the fair value of the Fund’s investments. These inputs are summarized in the three broad levels listed below:

• Level 1 — quoted prices for active markets for identical securities. An active market for the security is a market in which transactions occur with sufficient frequency and volume to provide pricing information on an ongoing basis. A quoted price in an active market provides the most reliable evidence of fair value.

• Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc. and quoted prices for identical or similar assets in markets that are not active). Inputs that are derived principally from or corroborated by observable market data. An adjustment to any observable input that is significant to the fair value may render the measurement a Level 3 measurement.

• Level 3 — significant unobservable inputs, including the Fund’s own assumptions in determining the fair value of investments.

For the period ended September 30, 2017 there was a transfer of $114,424 out of Level 3 and into Level 2, due to changes in the liquidity restrictions of private holdings. It is the Fund’s policy to recognize transfers into and out of all Levels at the end of the reporting period.

The following is a description of the valuation techniques applied to the Fund’s major categories of assets and liabilities measured at fair value on a recurring basis. There were no changes to these techniques during 2017.

Securities traded on a national exchange (or reported on the NASDAQ national market) are stated at the last reported sales price on the day of valuation. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Stocks traded on inactive markets or valued by reference to similar instruments which are marketable and to the extent the inputs are observable and timely, are categorized in Level 2 of the fair value hierarchy.

SHARESPOST 100 FUND

The Fund’s portfolio holdings are primarily in Level 3 investments. As they are not publicly traded, and many are subject to restrictions on resale, the investments are less liquid than publicly traded securities, resulting in increased liquidity risk to the Fund.

The Fund’s portfolio investments will generally not be in publicly traded securities. Investments for which observable market prices in active markets do not exist are reported at fair value, as determined in good faith by the Investment Adviser under consistently applied policies and procedures approved by the Board of Trustees in accordance with GAAP. In connection with that determination, members of the Investment Adviser’s portfolio management team will prepare Portfolio Company valuations using the most recent Portfolio Company financial statements and forecasts when and if available. The types of factors that the Investment Adviser will take into account in determining fair value, subject to review and ratification, where required, by the Board of Trustees with respect to such non-traded investments, will include, as relevant and, to the extent available, the Portfolio Company’s earnings, the markets in which the Portfolio Company does business, comparison to valuations of publicly traded companies in the Portfolio Company’s industry, comparisons to recent sales of comparable companies, the discounted value of the cash flows of the Portfolio Company and other relevant factors. This information may not be available because it is difficult to obtain financial and other information with respect to private companies. Because such valuations are inherently uncertain and may be based on estimates, the determinations of fair value may differ materially from the values that would be assessed if a readily available market for these securities existed. Based on these factors, the investments in private companies will generally be presented as a Level 3 investment. Changes in accounting standards, such as the currently pending changes in revenue recognition policies, may not be adopted consistently by issuers or at the same time, and as a result varied implementation may make it more difficult for the Fund to properly evaluate or compare financial information provided by Portfolio Companies of the Fund or to determine the validity of data of publicly traded company comparables for purposes of valuing the Fund’s portfolio holdings.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to determine fair value of the Fund’s investments as of September 30, 2017:

Investment in Securities	Level 1 Quoted Prices		Level 2 Other Significant Observable Inputs		Level 3 Significant Unobservable Inputs		Total
Security Type
Common stock in public companies*	$	-	$	114,424	$	-	$	114,424
Common stock in private companies*		-		-		39,602,050		39,602,050
Preferred stock in private companies*		-		-		33,347,006		33,347,006
Total	$	-	$	114,424	$	72,949,056	$	73,063,480
Money Market holdings valued using the practical expedient and not subject to the fair value hierarchy								20,831,785
Total								93,895,265

* All sub-categories within the security type represent their respective evaluation status. For a detailed breakout by industry, please refer to the Schedule of Investments.

The following is a rollforward of the activity in investments in which significant unobservable inputs (Level 3) were used in determining fair value on a recurring basis: 

	Beginning balance January 1, 2017		Transfers into Level 3 during the period		Transfers out of Level 3 during the period			Purchases or Conversions			(Sales or Conversions)			Net realized gain/(loss)			Change in net unrealized gain/(loss)		Ending balance September 30, 2017
SharesPost 100 Fund
Common stock in private companies	$	34,576,887	$	-	$	(114,424	)	$	10,391,669	**	$	(8,493,940	) ***	$	(635,020	)		3,876,878	$	39,602,050
Preferred stock in private companies		26,302,291		-		-			13,590,443	***		(2,850,000	) **		(3,866,208	)		170,480		33,347,006
Convertible notes of private companies		1,000,000		-		-			-			-			(1,000,000	)		-		-
	$	61,879,178	$	-	$	(114,424	)	$	23,982,112		$	(11,343,940	)	$	(5,501,228	)	$	4,047,358	$	72,949,056

** Amounts include $2,850,000 in preferred stock, which along with $168,804 net accumulated gain was converted into $3,018,804 of common stock.

*** Amounts include $1,870,943 in common stock which along with $29,057 was converted into $1,900,000 of preferred stock.

The following is a summary of quantitative information about significant unobservable valuation inputs for Level 3 Fair Value Measurements for investments held as of September 30, 2017: 

	Fair Value as of
Type of Level 3 Investment	September 30, 2017		Valuation Technique	Unobservable Inputs	Range (Avg)
Common stock in private companies	$	39,602,050	Market approach	Precedent Transactions		N/A
			Income approach	Revenue Multiples		1.08 - 9.68 (4.28)
				Stage Discout Rates		20% - 30% (22.33%)
				Execution Discount Rates		15% - 100% (42.00%)
				Discounts For Lack of		15.00% - 15.00% (15.00%)
				Marketability
Preferred stock in private companies		33,347,006	Market approach	Precedent Transactions		N/A
			Income approach	Revenue Multiples		0.49 - 9.68 (3.58)
				Stage Discout Rates		20% - 60% (25.00%)
				Execution Discount Rates		10% - 100% (47.00%)
				Discounts For Lack of		15.00% - 15.00% (15.00%)
				Marketability

To the extent the revenue multiples increase, there is a corresponding increase in fair value; while as discount rates increase, there is a decrease in fair value. 

Federal Tax Information

At September 30, 2017, gross unrealized appreciation and depreciation of investments, based on cost for federal income tax purposes were as follows:

Cost of investments	$	82,100,572
Gross unrealized appreciation	$	20,824,525
Gross unrealized depreciation		(9,484,183	)
Net unrealized appreciation on investments	$	11,340,342

Item 2. Controls and Procedures.

(a) The Registrant’s principal executive officer and principal financial officer have reviewed the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended, (the “Act”)) as of a date within 90 days of the filing of this report, as required by Rule 30a-3(b) under the Act. Based on their review, such officers have concluded that the disclosure controls and procedures were effective in ensuring that information required to be disclosed in this report was appropriately recorded, processed, summarized and reported and made known to them by others within the Registrant and by the Registrant’s service providers.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the Registrant’s most recently ended fiscal quarter that materially affected, or were reasonably likely to materially affect, the Registrant's internal control over financial reporting.

Item 3. Exhibits.

(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.

Exhibit No.	Description of Exhibit
99.1	Certification of Principal Executive Officer
99.2	Certification of Principal Financial Officer

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SharesPost 100 Fund

By:	/s/ Sven Weber
	Sven Weber President
Date:	11/21/2017

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ Sven Weber
	Sven Weber President (Principal Executive Officer)
Date:	11/21/2017
By:	/s/ Prashant Gangwal
	Prashant Gangwal Principal Financial Officer
Date:	11/21/2017

EXHIBIT INDEX

(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940. (EX-99.CERT)