NEEDHAM INVESTMENT MANAGEMENT LLC
Filing Date
Global Rank
#1,228
/ 8,586
▲ 160
Top Industry
Semiconductors
13.2%
3Y Alpha vs SPY
+8.0%
Period ended 3 months ago
Filed May 15, 2026 · 33d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+115.5%
SPY
+78.1%
Annualised alpha
+8.0%
Max drawdown
−33.2%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
175 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
5.6%
+1.2 pts
Top 5
20.3%
+2.1 pts
Top 10
33.0%
+2.8 pts
HHI
177
Diversified+15
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 48.5% | $945,788,698 |
| Industrials | 25.3% | $493,919,365 |
| Consumer Defensive | 5.4% | $105,720,831 |
| Basic Materials | 5.0% | $98,351,499 |
| Healthcare | 4.4% | $85,451,522 |
| Consumer Cyclical | 3.6% | $69,325,832 |
| Financial Services | 1.9% | $36,945,073 |
| Utilities | 1.8% | $35,798,513 |
| Communication Services | 1.7% | $33,054,210 |
| Energy | 1.5% | $29,234,425 |
| Real Estate | 0.9% | $17,035,168 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| TDUP | ThredUp Inc. | +3,200,000 | 9,275,000 | $30,422,000 | |
| GENI | Genius Sports Ltd | +1,310,000 | 4,000,000 | $17,720,000 | |
| TTI | Tetra Technologies Inc | +1,000,000 | 3,375,000 | $28,755,000 | |
| POCI | Precision Optics Corporation, Inc. | +950,550 | 1,670,550 | $7,333,714 | |
| EVLV | Evolv Technologies Holdings, Inc. | +700,000 | 1,250,000 | $7,562,500 | |
| VSH | Vishay Intertechnology Inc | +545,000 | 2,920,000 | $52,560,000 | |
| AIP | Arteris, Inc. | +541,000 | 3,952,500 | $64,979,100 | |
| MASS | 908 Devices Inc. | +470,000 | 1,240,000 | $7,588,800 | |
| VITL | Vital Farms, Inc. | +465,000 | 1,150,000 | $16,238,000 | |
| WTTR | Select Water Solutions, Inc. | +380,000 | 1,155,000 | $17,671,500 | |
| SMCI | Super Micro Computer, Inc. | +236,500 | 1,616,500 | $36,807,705 | |
| UTI | Universal Technical Institute Inc | +222,500 | 1,030,000 | $37,183,000 | |
| ARLO | Arlo Technologies, Inc. | +220,000 | 1,760,000 | $25,044,800 | |
| ESOA | Energy Services of America CORP | +214,560 | 800,000 | $10,504,000 | |
| ASPN | Aspen Aerogels Inc | +167,075 | 4,518,775 | $15,454,210 | |
| TNC | Tennant Co | +161,500 | 229,000 | $15,205,600 | |
| LINC | Lincoln Educational Services Corp | +152,500 | 1,277,500 | $51,968,700 | |
| LTH | Life Time Group Holdings, Inc. | +125,000 | 240,000 | $6,465,600 | |
| HLIT | Harmonic Inc. | +123,000 | 668,000 | $5,998,640 | |
| CECO | Ceco Environmental Corp | +89,000 | 387,500 | $23,087,250 | |
| PSN | Parsons Corp | +85,000 | 409,000 | $22,155,530 | |
| CSGP | Costar Group, Inc. | +81,500 | 142,000 | $5,728,280 | |
| VECO | Veeco Instruments Inc | +75,000 | 880,000 | $29,796,799 | |
| BSY | Bentley Systems Inc | +75,000 | 215,000 | $7,550,800 | |
| CEVA | Ceva Inc | +70,000 | 230,000 | $4,296,400 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| UIS | Unisys Corp | −384,200 | 4,428,000 | $9,165,960 | |
| ADTN | ADTRAN Holdings, Inc. | −219,000 | 1,228,500 | $15,454,529 | |
| LAB | Standard Biotools Inc. | −175,000 | 34,435 | $31,680 | |
| PLAB | Photronics Inc | −170,000 | 605,000 | $24,448,050 | |
| ICHR | Ichor Holdings, Ltd. | −153,000 | 5,000 | $233,050 | |
| TTMI | Ttm Technologies Inc | −97,750 | 87,500 | $8,524,250 | |
| CMRC | Commerce.com, Inc. | −92,500 | 190,000 | $507,300 | |
| FORM | Formfactor Inc | −91,000 | 603,500 | $58,533,465 | |
| ENTG | Entegris Inc | −74,400 | 117,000 | $13,717,080 | |
| UCTT | Ultra Clean Holdings, Inc. | −55,000 | 5,000 | $310,900 | |
| PENG | Penguin Solutions, Inc. | −52,500 | 50,000 | $880,000 | |
| VICR | Vicor Corp | −47,775 | 522,000 | $84,042,000 | |
| VPG | Vishay Precision Group, Inc. | −37,500 | 620,000 | $26,920,400 | |
| COHR | Coherent Corp. | −32,000 | 105,500 | $25,131,155 | |
| MXL | Maxlinear, Inc | −25,000 | 115,000 | $1,999,850 | |
| NVMI | Nova Ltd. | −19,600 | 92,150 | $40,018,902 | |
| COHU | Cohu Inc | −15,000 | 130,000 | $3,980,600 | |
| MKSI | Mks Inc | −10,500 | 120,000 | $27,577,199 | |
| CAMT | Camtek Ltd | −9,000 | 66,500 | $10,082,065 | |
| KVHI | Kvh Industries Inc \De\ | −5,000 | 385,000 | $3,449,600 | |
| DGX | Quest Diagnostics Inc | −3,000 | 4,500 | $881,910 | |
| KLAC | Kla Corp | −2,750 | 10,250 | $15,092,202 | |
| ROG | Rogers Corp | −2,000 | 58,000 | $6,225,140 | |
| FEIM | Frequency Electronics Inc | −1,000 | 9,000 | $398,340 | |
| KMX | Carmax Inc | −1,000 | 128,500 | $5,343,030 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
21 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MTZ | Mastec Inc | 20,100 | $6,466,974 | |
| UMAC | Unusual Machines, Inc. | 485,000 | $6,014,000 | |
| LPTH | Lightpath Technologies Inc | 527,500 | $5,290,825 | |
| AMBQ | Ambiq Micro, Inc. | 200,000 | $5,082,000 | |
| RCAT | Red Cat Holdings, Inc. | 380,000 | $4,974,200 | |
| SYNA | SYNAPTICS Inc | 37,000 | $2,591,480 | |
| HEI | Heico Corp | 5,000 | $1,371,000 | |
| AVAV | AeroVironment Inc | 6,250 | $1,144,062 | |
| KOPN | Kopin Corp | 500,000 | $1,125,000 | |
| UNH | Unitedhealth Group Inc | 4,000 | $1,082,360 | |
| AMBA | Ambarella Inc | 20,000 | $1,029,600 | |
| FTK | Flotek Industries Inc/Cn/ | 40,000 | $678,800 | |
| WAT | Waters Corp /De/ | 2,266 | $674,814 | |
| STRL | Sterling Infrastructure, Inc. | 1,500 | $610,905 | |
| MEC | Mayville Engineering Company, Inc. | 20,000 | $359,000 | |
| VSNT | Versant Media Group, Inc. | 9,260 | $342,805 | |
| FRPH | Frp Holdings, Inc. | 15,000 | $328,200 | |
| DPRO | Draganfly Inc. | 60,000 | $294,600 | |
| NFLX | Netflix Inc | 3,000 | $288,450 | |
| CRM | Salesforce, Inc. | 1,500 | $280,005 | |
| BRBR | Bellring Brands, Inc. | 15,000 | $241,350 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
7 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| AL | SUMISHO AIR LEASE CORP | 45,000 | $2,890,349 | |
| GTLS | Chart Industries Inc | 12,500 | $2,577,875 | |
| CRI | Carters Inc | 67,500 | $2,189,025 | |
| RPD | Rapid7, Inc. | 90,000 | $1,368,000 | |
| LUV | Southwest Airlines Co | 19,850 | $820,400 | |
| EHAB | Enhabit, Inc. | 50,000 | $461,000 | |
| P | Everpure, Inc. | 5,000 | $335,050 | |
| No positions match the current search. | ||||
8 positions ·
$98,351,499 total
· Basic Materials only
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| ODC |
Oil-Dri Corp of America
Basic Materials
|
Added | 677,500 | $44,098,475 | 44.84% | |
| SOLS |
Solstice Advanced Materials Inc.
Basic Materials
|
Added | 187,500 | $14,280,000 | 14.52% | |
| ECVT |
Ecovyst Inc.
Basic Materials
|
Held | 1,020,000 | $13,117,200 | 13.34% | |
| SMID |
Smith Midland Corp
Basic Materials
|
Held | 225,000 | $7,319,250 | 7.44% | |
| CRH |
Crh Public Ltd Co
Basic Materials
|
Added | 64,700 | $6,801,264 | 6.92% | |
| NTIC |
Northern Technologies International Corp
Basic Materials
|
Added | 765,000 | $6,303,600 | 6.41% | |
| CMT |
Core Molding Technologies Inc
Basic Materials
|
Reduced | 252,371 | $5,653,110 | 5.75% | |
| DD |
DuPont de Nemours, Inc.
Basic Materials
|
Reduced | 17,000 | $778,600 | 0.79% |