Needham Investment Management 13F annual report
Needham Investment Management is an investment fund managing more than $501 million ran by James Giangrasso. There are currently 107 companies in Mr. Giangrasso’s portfolio. The largest investments include Entegris Inc and Thermo Fisher Scientific, together worth $44.6 million.
$501 million Assets Under Management (AUM)
As of 18th February 2021, Needham Investment Management’s top holding is 343,000 shares of Entegris Inc currently worth over $25.5 million and making up 5.1% of the portfolio value.
Relative to the number of outstanding shares of Entegris Inc, Needham Investment Management owns more than approximately 0.1% of the company.
In addition, the fund holds 43,250 shares of Thermo Fisher Scientific worth $19.1 million, whose value grew 8.1% in the past six months.
The third-largest holding is PDF Solutions worth $18.1 million and the next is Vicor worth $17.9 million, with 230,600 shares owned.
Currently, Needham Investment Management's portfolio is worth at least $501 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Needham Investment Management
The Needham Investment Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, James Giangrasso serves as the Chief Financial Officer at Needham Investment Management.
Recent trades
In the most recent 13F filing, Needham Investment Management revealed that it had opened a new position in
Alteryx Inc and bought 19,000 shares worth $2.16 million.
This means they effectively own approximately 0.1% of the company.
Alteryx Inc makes up
0.9%
of the fund's Technology sector allocation and has decreased its share price by 23.4% in the past year.
The investment fund also strengthened its position in Kvh Inds Inc by buying
300,000 additional shares.
This makes their stake in Kvh Inds Inc total 1,859,998 shares worth $16.8 million.
On the other hand, there are companies that Needham Investment Management is getting rid of from its portfolio.
Needham Investment Management closed its position in Pure Storage Inc on 25th February 2021.
It sold the previously owned 350,000 shares for $6.07 million.
James Giangrasso also disclosed a decreased stake in Entegris Inc by approximately 0.1%.
This leaves the value of the investment at $25.5 million and 343,000 shares.
One of the average hedge funds
The two most similar investment funds to Needham Investment Management are Kemper Corp and Vancity Investment Management Ltd. They manage $501 million and $501 million respectively.
James Giangrasso investment strategy
Needham Investment Management’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Technology — making up 49.0% of
the total portfolio value.
The fund focuses on investments in the United States as
71.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
21% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $62.5 billion.
The complete list of Needham Investment Management trades based on 13F SEC filings
These positions were updated on February 25th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Entegris Inc |
5.77%
343,000
|
$25,498,000 | 5.09% |
| Thermo Fisher Scientific Inc. |
7.98%
43,250
|
$19,095,000 | 3.81% |
| PDF Solutions Inc. |
7.03%
966,000
|
$18,074,000 | 3.61% |
| Vicor Corp. |
4.36%
230,600
|
$17,924,000 | 3.58% |
| Kvh Inds Inc |
19.23%
1,859,998
|
$16,759,000 | 3.35% |
| Cambium Networks Corp |
11.89%
926,112
|
$15,624,000 | 3.12% |
| Aspen Aerogels Inc. |
9.95%
1,331,906
|
$14,584,000 | 2.91% |
| Comcast Corp New |
1.27%
310,000
|
$14,341,000 | 2.86% |
| Super Micro Computer Inc |
25.43%
527,000
|
$13,913,000 | 2.78% |
| AXT Inc |
46.94%
2,182,050
|
$13,354,000 | 2.67% |
| FormFactor Inc. |
No change
513,000
|
$12,789,000 | 2.55% |
| Nova Measuring Instruments L |
No change
228,000
|
$12,028,000 | 2.40% |
| Viasat, Inc. |
25.77%
341,600
|
$11,748,000 | 2.35% |
| Photronics, Inc. |
55.36%
1,078,224
|
$10,739,000 | 2.14% |
| Mks Instrs Inc |
No change
85,500
|
$9,340,000 | 1.87% |
| Limelight Networks Inc |
39.13%
1,600,000
|
$9,216,000 | 1.84% |
| Carmax Inc |
7.46%
93,000
|
$8,547,000 | 1.71% |
| Tekla Life Sciences Invs |
1.02%
485,000
|
$8,527,000 | 1.70% |
| MaxLinear Inc |
19.50%
362,232
|
$8,418,000 | 1.68% |
| Gilead Sciences, Inc. |
6.03%
132,500
|
$8,372,000 | 1.67% |
| Ii-Vi Inc. |
9.46%
202,500
|
$8,213,000 | 1.64% |
| Apple Inc |
257.22%
66,800
|
$7,736,000 | 1.54% |
| Infinera Corp. |
13.64%
1,250,000
|
$7,700,000 | 1.54% |
| Laboratory Corp Amer Hldgs |
No change
40,263
|
$7,580,000 | 1.51% |
| Parsons Corp |
99.03%
225,000
|
$7,547,000 | 1.51% |
| Intevac, Inc. |
4.34%
1,343,391
|
$7,403,000 | 1.48% |
| Tekla Healthcare Invs |
No change
351,392
|
$7,246,000 | 1.45% |
| Veeco Instrs Inc Del |
207.44%
617,843
|
$7,211,000 | 1.44% |
| Inseego Corp |
73.75%
695,000
|
$7,172,000 | 1.43% |
| 8X8 Inc. |
19.07%
392,500
|
$6,104,000 | 1.22% |
| Pure Storage Inc |
Closed
350,000
|
$6,066,000 | |
| FireEye Inc |
44.73%
485,000
|
$5,987,000 | 1.20% |
| Fluidigm Corp |
38.67%
780,000
|
$5,795,000 | 1.16% |
| Vishay Precision Group Inc |
No change
215,000
|
$5,444,000 | 1.09% |
| Medtronic Plc |
3.71%
51,906
|
$5,393,000 | 1.08% |
| Akamai Technologies Inc |
No change
48,000
|
$5,306,000 | 1.06% |
| KLA Corp. |
No change
26,250
|
$5,086,000 | 1.02% |
| Inogen Inc |
14.29%
160,000
|
$4,640,000 | 0.93% |
| Encompass Health Corp |
No change
70,000
|
$4,549,000 | 0.91% |
| Emcore Corp. |
6.54%
1,385,000
|
$4,501,000 | 0.90% |
| Akoustis Technologies Inc |
7.00%
550,000
|
$4,488,000 | 0.90% |
| Becton Dickinson & Co |
1.30%
19,000
|
$4,421,000 | 0.88% |
| Honeywell International Inc |
No change
26,500
|
$4,363,000 | 0.87% |
| Cohu, Inc. |
8.59%
251,383
|
$4,319,000 | 0.86% |
| Suro Capital Corp |
2.61%
391,259
|
$4,241,000 | 0.85% |
| Boeing Co. |
No change
25,000
|
$4,131,000 | 0.83% |
| Wabtec |
7.09%
65,500
|
$4,053,000 | 0.81% |
| Vishay Intertechnology, Inc. |
23.81%
260,000
|
$4,048,000 | 0.81% |
| Navigator Hldgs Ltd |
18.41%
466,544
|
$3,901,000 | 0.78% |
| Adtran Inc. |
1,051.83%
345,550
|
$3,544,000 | 0.71% |
| CryoPort Inc |
2.63%
74,000
|
$3,508,000 | 0.70% |
| Trade Desk Inc |
No change
6,200
|
$3,217,000 | 0.64% |
| Frequency Electrs Inc |
No change
294,279
|
$2,974,000 | 0.59% |
| Vonage Hldgs Corp |
3.33%
290,000
|
$2,967,000 | 0.59% |
| ViewRay Inc. |
17.89%
780,000
|
$2,730,000 | 0.55% |
| Air Lease Corp |
34.64%
91,500
|
$2,692,000 | 0.54% |
| Zuora Inc |
8.60%
228,500
|
$2,363,000 | 0.47% |
| Mimecast Ltd |
66.67%
50,000
|
$2,346,000 | 0.47% |
| IPG Photonics Corp |
No change
13,250
|
$2,252,000 | 0.45% |
| Q2 Holdings Inc |
2.97%
24,500
|
$2,236,000 | 0.45% |
| Alteryx Inc |
Opened
19,000
|
$2,157,000 | 0.43% |
| BigCommerce Holdings, Inc. |
Opened
25,000
|
$2,082,000 | 0.42% |
| Oil Dri Corp Amer |
No change
54,000
|
$1,932,000 | 0.39% |
| Pluralsight Inc |
65.89%
110,871
|
$1,899,000 | 0.38% |
| Voyager Therapeutics Inc |
83.33%
165,000
|
$1,761,000 | 0.35% |
| Merit Med Sys Inc |
Opened
40,000
|
$1,740,000 | 0.35% |
| Everbridge Inc |
No change
13,500
|
$1,697,000 | 0.34% |
| Brookfield Asset Mgmt Inc |
16.67%
46,294
|
$1,531,000 | 0.31% |
| Sientra Inc |
200.00%
450,000
|
$1,530,000 | 0.31% |
| Bottomline Tech Del Inc |
Closed
30,000
|
$1,523,000 | |
| Equinix Inc |
No change
2,000
|
$1,520,000 | 0.30% |
| SiTime Corp |
12.50%
17,500
|
$1,470,000 | 0.29% |
| Hawaiian Holdings, Inc. |
No change
112,600
|
$1,452,000 | 0.29% |
| Taiwan Semiconductor Mfg Ltd |
No change
16,500
|
$1,338,000 | 0.27% |
| Alpha Pro Tech Ltd. |
3.03%
85,000
|
$1,257,000 | 0.25% |
| Cryolife, Inc. |
Opened
65,500
|
$1,210,000 | 0.24% |
| Gse Sys Inc |
No change
1,076,654
|
$1,120,000 | 0.22% |
| Corning, Inc. |
5.80%
32,500
|
$1,053,000 | 0.21% |
| Coherent Inc. |
Opened
8,404
|
$932,000 | 0.19% |
| Duck Creek Technologies Inc |
Opened
20,000
|
$909,000 | 0.18% |
| National Instrs Corp |
Closed
23,500
|
$909,000 | |
| ChannelAdvisor Corp |
82.75%
61,500
|
$890,000 | 0.18% |
| Lam Research Corp. |
No change
2,500
|
$829,000 | 0.17% |
| Western Digital Corp. |
Opened
21,500
|
$786,000 | 0.16% |
| Southwest Airls Co |
42.86%
20,000
|
$751,000 | 0.15% |
| Lemaitre Vascular Inc |
No change
22,500
|
$732,000 | 0.15% |
| Coupa Software Inc |
16.67%
2,500
|
$686,000 | 0.14% |
| Ichor Holdings Ltd |
Closed
25,000
|
$665,000 | |
| Quest Diagnostics, Inc. |
9.52%
5,750
|
$658,000 | 0.13% |
| Advanced Energy Inds |
Opened
10,000
|
$629,000 | 0.13% |
| Faro Technologies Inc. |
No change
10,000
|
$610,000 | 0.12% |
| TTM Technologies Inc |
250.00%
52,500
|
$600,000 | 0.12% |
| New Relic Inc |
Opened
10,000
|
$564,000 | 0.11% |
| Appian Corp |
No change
8,500
|
$550,000 | 0.11% |
| Applied Matls Inc |
No change
9,000
|
$535,000 | 0.11% |
| Bruker Corp |
No change
12,000
|
$477,000 | 0.10% |
| Arlo Technologies Inc |
27.27%
80,000
|
$420,000 | 0.08% |
| CRA International Inc. |
4.76%
11,000
|
$412,000 | 0.08% |
| Transcat Inc |
No change
13,500
|
$396,000 | 0.08% |
| American Tower Corp. |
29.17%
1,550
|
$375,000 | 0.07% |
| Alphabet Inc |
No change
250
|
$366,000 | 0.07% |
| Resideo Technologies Inc |
No change
30,000
|
$330,000 | 0.07% |
| UGI Corp. |
No change
10,000
|
$330,000 | 0.07% |
| Clean Harbors, Inc. |
No change
5,500
|
$308,000 | 0.06% |
| American Well Corp |
Opened
10,000
|
$296,000 | 0.06% |
| Chevron Corp. |
No change
4,000
|
$288,000 | 0.06% |
| World Wrestling Entmt Inc |
No change
6,750
|
$273,000 | 0.05% |
| Flir Sys Inc |
No change
7,500
|
$269,000 | 0.05% |
| Omnicell Com |
No change
3,000
|
$224,000 | 0.04% |
| Freightcar Amer Inc |
14.46%
55,600
|
$127,000 | 0.03% |
| Dirtt Environmental Solution |
No change
71,500
|
$114,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 111 holdings | |||
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