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.

Limited to 30 biggest holdings

$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
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