Trigran Investments, Inc.
Filing Date
Global Rank
#2,453
/ 7,976
▼ 161
Top Industry
Communication Equipment
14.2%
3Y Alpha vs SPY
-17.3%
Period ended 9 months ago
Filed Nov 12, 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
+11.2%
SPY
+76.5%
Annualised alpha
-17.2%
Max drawdown
−37.1%
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
17 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025Top Position
10.9%
−0.1 pts
Top 5
48.3%
−0.6 pts
Top 10
80.8%
−1.1 pts
HHI
766
Diversified−10
Portfolio Trend
23 quarters · across all stocks
Sector Breakdown
As of Sep 30, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 49.7% | $273,926,130 |
| Industrials | 15.9% | $87,806,420 |
| Healthcare | 12.5% | $68,992,593 |
| Basic Materials | 10.9% | $60,130,640 |
| Consumer Cyclical | 10.8% | $59,586,845 |
| Financial Services | 0.2% | $1,206,576 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
3 positions
Trimmed
Positions the filer reduced
12 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SONO | Sonos Inc | −1,401,750 | 3,002,734 | $47,443,197 | |
| OOMA | Ooma Inc | −779,658 | 2,229,212 | $26,728,251 | |
| MDXG | Mimedx Group, Inc. | −689,430 | 7,701,028 | $53,753,174 | |
| THRM | Gentherm Inc | −445,093 | 1,749,467 | $59,586,845 | |
| ANIK | Anika Therapeutics, Inc. | −415,296 | 1,621,215 | $15,239,419 | |
| HLIT | Harmonic Inc. | −371,593 | 3,221,401 | $32,793,861 | |
| MTRN | MATERION Corp | −301,018 | 497,729 | $60,130,640 | |
| SYNA | SYNAPTICS Inc | −216,732 | 661,437 | $45,202,604 | |
| EXTR | Extreme Networks Inc | −130,970 | 2,192,401 | $45,273,079 | |
| NPO | Enpro Inc. | −15,500 | 179,047 | $40,464,622 | |
| RDVT | Red Violet, Inc. | −9,416 | 616,554 | $32,214,946 | |
| BRK-B | Berkshire Hathaway Inc | −100 | 2,400 | $1,206,576 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CNM | Core & Main, Inc. | 22,525 | $1,212,519 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
17 positions ·
$551,649,204 total
· as of Sep 30, 2025
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MTRN |
MATERION Corp
Basic Materials
|
Reduced | 497,729 | $60,130,640 | 10.90% | |
| THRM |
Gentherm Inc
Consumer Cyclical
|
Reduced | 1,749,467 | $59,586,845 | 10.80% | |
| MDXG |
Mimedx Group, Inc.
Healthcare
|
Reduced | 7,701,028 | $53,753,174 | 9.74% | |
| SONO |
Sonos Inc
Technology
|
Reduced | 3,002,734 | $47,443,197 | 8.60% | |
| EXTR |
Extreme Networks Inc
Technology
|
Reduced | 2,192,401 | $45,273,079 | 8.21% | |
| SYNA |
SYNAPTICS Inc
Technology
|
Reduced | 661,437 | $45,202,604 | 8.19% | |
| NPO |
Enpro Inc.
Industrials
|
Reduced | 179,047 | $40,464,622 | 7.34% | |
| HLIT |
Harmonic Inc.
Technology
|
Reduced | 3,221,401 | $32,793,861 | 5.94% | |
| RDVT |
Red Violet, Inc.
Technology
|
Reduced | 616,554 | $32,214,946 | 5.84% | |
| TTGT |
TechTarget, Inc.
Technology
|
Added | 5,013,868 | $29,130,572 | 5.28% | |
| HAYW |
Hayward Holdings, Inc.
Industrials
|
Held | 1,879,312 | $28,415,197 | 5.15% | |
| OOMA |
Ooma Inc
Technology
|
Reduced | 2,229,212 | $26,728,251 | 4.85% | |
| BBSI |
Barrett Business Services Inc
Industrials
|
Added | 399,686 | $17,714,082 | 3.21% | |
| ANIK |
Anika Therapeutics, Inc.
Healthcare
|
Reduced | 1,621,215 | $15,239,419 | 2.76% | |
| HCKT |
Hackett Group, Inc.
Technology
|
Added | 796,403 | $15,139,620 | 2.74% | |
| CNM |
Core & Main, Inc.
Industrials
|
NEW | 22,525 | $1,212,519 | 0.22% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 2,400 | $1,206,576 | 0.22% |