NEEDHAM INVESTMENT MANAGEMENT LLC
Filing Date
Global Rank
#1,437
/ 7,976
▲ 75
Top Industry
Semiconductor Equipment & Materials
12.2%
3Y Alpha vs SPY
+8.8%
Period ended 9 months ago
Filed Nov 14, 2025 · 7mo
23 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
+116.9%
SPY
+74.2%
Annualised alpha
+9.1%
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
160 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025Top Position
4.7%
−1.1 pts
Top 5
18.9%
+0.1 pts
Top 10
30.7%
−0.8 pts
HHI
167
Diversified−12
Portfolio Trend
23 quarters · across all stocks
Sector Breakdown
As of Sep 30, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 49.6% | $706,596,978 |
| Industrials | 22.0% | $313,725,956 |
| Consumer Cyclical | 5.8% | $82,850,064 |
| Healthcare | 5.1% | $72,999,104 |
| Basic Materials | 4.8% | $68,035,997 |
| Consumer Defensive | 4.2% | $59,996,475 |
| Communication Services | 3.2% | $45,786,370 |
| Financial Services | 2.3% | $32,454,971 |
| Utilities | 1.6% | $22,616,059 |
| Energy | 0.9% | $12,664,065 |
| Real Estate | 0.5% | $6,461,798 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| TTI | Tetra Technologies Inc | +775,000 | 1,525,000 | $8,768,750 | |
| WTTR | Select Water Solutions, Inc. | +475,000 | 575,000 | $6,146,750 | |
| ASPN | Aspen Aerogels Inc | +425,500 | 3,439,700 | $23,940,312 | |
| AIP | Arteris, Inc. | +370,000 | 3,325,000 | $33,582,500 | |
| VSH | Vishay Intertechnology Inc | +304,350 | 1,829,350 | $27,989,055 | |
| LINC | Lincoln Educational Services Corp | +255,500 | 865,000 | $20,327,500 | |
| UTI | Universal Technical Institute Inc | +239,000 | 550,000 | $17,902,500 | |
| ESOA | Energy Services of America CORP | +225,000 | 350,000 | $3,622,500 | |
| CTRI | Centuri Holdings, Inc. | +197,500 | 615,128 | $13,022,259 | |
| BRKR | Bruker Corp | +179,500 | 400,000 | $12,995,999 | |
| RSSS | Research Solutions, Inc. | +170,000 | 3,100,000 | $11,563,000 | |
| MDU | Mdu Resources Group Inc | +126,000 | 520,000 | $9,261,200 | |
| GENI | Genius Sports Ltd | +125,000 | 2,480,000 | $30,702,400 | |
| NTIC | Northern Technologies International Corp | +124,500 | 640,000 | $4,934,400 | |
| PDFS | Pdf Solutions Inc | +105,050 | 2,018,550 | $52,118,961 | |
| EVLV | Evolv Technologies Holdings, Inc. | +100,000 | 200,000 | $1,510,000 | |
| VECO | Veeco Instruments Inc | +89,000 | 810,000 | $24,648,300 | |
| FORM | Formfactor Inc | +85,000 | 740,000 | $26,950,800 | |
| MASS | 908 Devices Inc. | +72,000 | 222,000 | $1,944,720 | |
| GRC | Gorman Rupp Co | +60,000 | 200,000 | $9,282,000 | |
| ECVT | Ecovyst Inc. | +60,000 | 980,000 | $8,584,800 | |
| ADTN | ADTRAN Holdings, Inc. | +55,000 | 1,175,000 | $11,021,500 | |
| ICHR | Ichor Holdings, Ltd. | +52,500 | 120,000 | $2,102,400 | |
| ASUR | Asure Software Inc | +37,500 | 2,532,500 | $20,766,500 | |
| HLIT | Harmonic Inc. | +35,000 | 600,000 | $6,108,000 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| UIS | Unisys Corp | −439,800 | 5,090,000 | $19,851,000 | |
| QRHC | Quest Resource Holding Corp | −248,523 | 157,500 | $245,700 | |
| KVHI | Kvh Industries Inc \De\ | −229,900 | 509,300 | $2,852,080 | |
| TDUP | ThredUp Inc. | −200,000 | 5,675,000 | $53,628,750 | |
| TTMI | Ttm Technologies Inc | −106,500 | 217,500 | $12,528,000 | |
| VICR | Vicor Corp | −64,050 | 641,450 | $31,892,894 | |
| AXTI | Axt Inc | −62,600 | 330,900 | $1,485,741 | |
| LASR | Nlight, Inc. | −45,000 | 1,792,740 | $53,118,885 | |
| CALX | Calix, Inc | −35,000 | 5,000 | $306,850 | |
| AKAM | Akamai Technologies Inc | −33,500 | 152,500 | $11,553,400 | |
| FEIM | Frequency Electronics Inc | −30,000 | 20,000 | $678,200 | |
| SMCI | Super Micro Computer, Inc. | −22,000 | 1,405,000 | $67,355,700 | |
| NVGS | Navigator Holdings Ltd. | −15,000 | 286,000 | $4,430,140 | |
| NVMI | Nova Ltd. | −13,000 | 116,750 | $37,320,305 | |
| SSSS | Suro Capital Corp. | −12,000 | 426,594 | $3,839,346 | |
| TER | Teradyne, Inc | −11,500 | 36,000 | $4,955,040 | |
| HPE | Hewlett Packard Enterprise Co | −10,000 | 74,000 | $1,817,440 | |
| GTLS | Chart Industries Inc | −10,000 | 12,500 | $2,501,875 | |
| ALGM | Allegro Microsystems, Inc. | −10,000 | 40,000 | $1,168,000 | |
| ENTG | Entegris Inc | −9,000 | 231,000 | $21,358,260 | |
| MRVL | Marvell Technology, Inc. | −7,250 | 48,250 | $4,056,377 | |
| CRI | Carters Inc | −6,500 | 70,000 | $1,975,400 | |
| TTD | Trade Desk, Inc. | −3,500 | 51,000 | $2,499,510 | |
| NVT | nVent Electric plc | −3,000 | 154,500 | $15,239,880 | |
| KMX | Carmax Inc | −3,000 | 129,500 | $5,810,665 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
15 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CECO | Ceco Environmental Corp | 175,000 | $8,960,000 | |
| BOX | Box Inc | 160,000 | $5,163,200 | |
| BWXT | BWX Technologies, Inc. | 23,500 | $4,332,695 | |
| PENG | Penguin Solutions, Inc. | 112,500 | $2,956,500 | |
| TNC | Tennant Co | 32,500 | $2,634,450 | |
| FIGR | Figure Technology Solutions, Inc. | 51,745 | $1,881,963 | |
| FLY | Firefly Aerospace Inc. | 40,000 | $1,172,800 | |
| LGN | Legence Corp. | 35,000 | $1,078,350 | |
| LMT | Lockheed Martin Corp | 1,000 | $499,210 | |
| WM | Waste Management Inc | 2,250 | $496,867 | |
| ALIT | Alight, Inc. / Delaware | 150,000 | $489,000 | |
| WBI | WaterBridge Infrastructure LLC | 18,361 | $463,064 | |
| HNGE | Hinge Health, Inc. | 7,500 | $368,100 | |
| CLSK | Cleanspark, Inc. | 20,000 | $290,000 | |
| CSGP | Costar Group, Inc. | 3,250 | $274,202 | |
| No positions match the current search. | ||||
3 positions ·
$22,616,059 total
· Utilities only
· as of Sep 30, 2025
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities