AWM Investment Company, Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), AWM Investment Company, Inc. reported 93 stock positions worth $725.8 million. Its top holding was Adma Biologics (ADMA) at 6.6% of the portfolio, followed by American Superconductor (AMSC, 3.9%) and Powerfleet (AIOT, 3.5%). Compared with Q4 2024, it opened 17 new positions, sold out of 9, added to 37 and reduced 23. The biggest buy was 908 Devices (MASS, shares +211%) and the biggest sale Red Cat (RCAT, shares −2%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001535264
Portfolio Value
$725.8M (Q1 2025)
SEC Filing
0001535264-25-000043 ↗ filed May 15, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $763.5M Q1 2024 Q2 2024: $740.2M Q2 2024 Q3 2024: $825.3M Q3 2024 Q4 2024: $820.5M Q4 2024 Q1 2025: $725.8M $725.8M Q1 2025 Q2 2025: $891.5M Q2 2025 Q3 2025: $1.1B Q3 2025 Q4 2025: $1.0B Q4 2025 Q1 2026: $903.4M Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 93 stocks · $725.8M
ADMA Adma Biologics Inc. 6.63% 2,426,431 $48.1M No change
AMSC American Superconductor Corp. 3.90% 1,558,478 $28.3M Add +3.0%
AIOT Powerfleet Inc. 3.48% 4,602,940 $25.3M Reduce -1.1%
MASS 908 Devices Inc. 3.21% 5,199,924 $23.3M Add +210.6%
ASPI Asp Isotopes Inc. 2.92% 4,511,186 $21.2M Add +6.2%
PI Impinj Inc. 2.73% 218,171 $19.8M Add +23.1%
GRSD Grandstand Ltd. filed as GAMBLING COM GROUP LIMITED 2.59% 1,489,915 $18.8M Reduce -1.8%
BKSY Blacksky Technology Inc. 2.54% 2,388,128 $18.5M Reduce -10.0%
SNWV Sanuwave Health Inc. 2.50% 513,230 $18.2M New
VICR Vicor Corp. 2.40% 372,210 $17.4M Add +5.7%
CEVA Ceva Inc. 2.17% 615,162 $15.8M Add +2.5%
ASPN Aspen Aerogels Inc. 2.16% 2,449,221 $15.7M Add +102.6%
AVAV Aerovironment Inc. 2.13% 129,793 $15.5M Add +6.7%
GILT Gilat Satellite Networks Ltd. 2.10% 2,398,088 $15.2M Reduce -4.5%
NGS Natural Gas Services Group 2.05% 676,652 $14.9M Reduce -3.1%
OOMA Ooma Inc. 2.03% 1,127,780 $14.8M Reduce -12.2%
BLZE Backblaze Inc. Class A 2.03% 3,043,926 $14.7M Add +9.4%
DXLG Destination XL Group Inc. 1.89% 9,399,297 $13.7M No change
ARGX Argenx SE - ADR 1.88% 23,000 $13.6M Reduce -8.0%
KIDS Orthopediatrics Corp. 1.85% 545,282 $13.4M Add +5.5%
UTI Universal Technical Institut 1.83% 517,700 $13.3M Reduce -3.5%
GNSS Genasys Inc. 1.77% 5,649,544 $12.8M No change
LOVE The Lovesac Co. 1.71% 681,741 $12.4M No change
LMAT Lemaitre Vascular Inc. 1.68% 145,000 $12.2M Reduce -3.3%
AEHR Aehr Test Systems 1.59% 1,587,936 $11.6M Add +28.1%
RDCM Radcom Ltd. 1.56% 991,261 $11.3M No change
MRAM Everspin Technologies Inc. 1.49% 2,126,241 $10.8M No change
RCAT Red Cat Holdings Inc. 1.43% 1,767,674 $10.4M Reduce -1.7%
LASR Nlight Inc. 1.41% 1,319,917 $10.3M Add +29.5%
TALK Talkspace Inc. 1.40% 3,968,500 $10.2M Add +3.9%
REAL BROKERAGE INC/THE filed as THE REAL BROKERAGE INC 1.30% 2,317,865 $9.4M Add +1.2%
KOPN Kopin Corp. 1.25% 9,714,699 $9.1M Reduce -24.1%
INFU Infusystem Holdings Inc. 1.21% 1,626,280 $8.7M Reduce -12.8%
IMDX Insight Molecular Diagnostic filed as ONCOCYTE CORP 1.19% 2,822,530 $8.6M Add +263.8%
CRVO Cervomed Inc. 1.09% 863,200 $7.9M New
GAIA Gaia Inc. 1.04% 1,962,706 $7.6M Add +17.2%
SRTA Strata Critical Medical Inc. filed as BLADE AIR MOBILITY INC 1.04% 2,765,468 $7.5M Add +0.0%
REAL The Realreal Inc. filed as THE REALREAL INC 1.03% 1,388,847 $7.5M Add +1.1%
MDXH Mdxhealth 1.02% 5,221,282 $7.4M Add +10.6%
VITL Vital Farms Inc. 1.02% 242,249 $7.4M No change
RGEN Repligen Corp. 1.00% 57,000 $7.3M Reduce -12.3%
MIND MEDICINE MINDMED INC 0.97% 1,208,162 $7.1M Add +1.3%
ARLO Arlo Technologies Inc. 0.89% 654,401 $6.5M Add +95.8%
TBCH Turtle Beach Corp. 0.89% 452,352 $6.5M Reduce -6.8%
ARBE Arbe Robotics Ltd. 0.84% 5,928,805 $6.1M Reduce -23.1%
RSVR Reservoir Media Inc. 0.84% 797,558 $6.1M No change
ALMU Aeluma Inc. 0.82% 825,000 $5.9M New
ACOG Alpha Cognition Inc. 0.80% 1,095,652 $5.8M New
CTRN Citi Trends Inc. 0.71% 232,477 $5.1M Add +1.6%
ABX Abacus Global Management Inc. 0.70% 680,536 $5.1M Add +9.2%
SNCR Synchronoss Technologies Inc. 0.68% 450,608 $4.9M Reduce -12.6%
UCTT Ultra Clean Holdings Inc. 0.62% 209,917 $4.5M Add +13.5%
PGNY Progyny Inc. 0.55% 180,000 $4.0M Add +12.5%
ELDN Eledon Pharmaceuticals Inc. 0.51% 1,100,473 $3.7M No change
GRWG Growgeneration Corp. 0.49% 3,281,729 $3.5M Add +95.1%
CNTY Century Casinos Inc. 0.48% 2,062,804 $3.5M Add +22.3%
LPTH Lightpath Technologies Inc. Class A 0.48% 1,727,610 $3.5M Reduce -5.3%
SERA Sera Prognostics Inc. Class A 0.44% 866,837 $3.2M Add +48.1%
CRNX Crinetics Pharmaceuticals Inc. 0.44% 95,000 $3.2M Add +72.7%
IPWR Ideal Power Inc. 0.43% 601,531 $3.1M No change
OPK Opko Health Inc. 0.42% 1,850,000 $3.1M Add +42.3%
LSF Laird Superfood Inc. 0.38% 449,892 $2.8M New
AVNW Aviat Networks Inc. 0.37% 138,806 $2.7M No change
SYNX Silynxcom Ltd. 0.33% 669,032 $2.4M Reduce -0.5%
BFLY Butterfly Network Inc. 0.31% 1,000,000 $2.3M New
RNXT Renovorx Inc. 0.31% 2,285,000 $2.3M New
OPRX Optimizerx Corp. 0.30% 255,421 $2.2M Add +18.6%
APEI American Public Education 0.30% 99,000 $2.2M Reduce -16.8%
FORGE GLOBAL HOLDINGS INC 0.30% 3,928,927 $2.2M Add +794.0%
ECOR Electrocore Inc. 0.29% 318,106 $2.1M Add +95.0%
ANRO Alto Neuroscience Inc. 0.27% 901,984 $1.9M Add +31.1%
PVLA Palvella Therapeutics Inc. 0.27% 69,416 $1.9M New
NKTX Nkarta Inc. 0.25% 1,000,000 $1.8M Add +150.0%
BNTC Benitec Biopharma Inc. 0.25% 137,977 $1.8M Add +35.2%
NUVB Nuvation Bio Inc. 0.16% 650,000 $1.1M New
MODULAR MED INC 0.16% 1,033,732 $1.1M Add +12.8%
OFIX Orthofix Medical Inc. 0.15% 66,611 $1.1M Reduce -81.5%
TEAD Teads Holding Co. filed as OUTBRAIN INC 0.15% 286,155 $1.1M Reduce -5.0%
Forte Biosciences, Inc. 0.15% 136,821 $1.1M New
NMTC NeuroOne Medical Technologies 0.14% 1,166,667 $992K No change
DHX Dhi Group Inc. 0.13% 681,000 $947K No change
STIM Neuronetics Inc. 0.12% 245,924 $905K New
NNDM Nano Dimension Ltd. - ADR 0.12% 556,123 $884K No change
CAPR Capricor Therapeutics Inc. 0.11% 87,765 $833K New
BDTX Black Diamond Therapeutics I 0.11% 500,000 $775K New
IRD Opus Genetics Inc. 0.07% 524,245 $515K New
EU Encore Energy Corp. 0.06% 300,000 $411K Reduce -76.9%
AVDL Avadel Pharmaceuticals Ltd. 0.04% 41,000 $321K New
URBAN-GRO INC 0.04% 723,762 $292K Reduce -33.8%
MaxCyte, Inc. 0.04% 102,200 $279K New
MOVANO INC 0.03% 110,188 $202K No change
SPIR Spire Global Inc. 0.03% 23,299 $188K New
BITF Bitfarms Ltd./Canada 0.02% 192,989 $152K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $214K (not counted above)
SecurityClassShares / PrincipalValueChange
MOBBW Mobilicom Ltd. -27 *W EXP 08/31/202 363,100$118KNo change
ABLLW East Resources Acquis -CW27 *W EXP 06/30/202 60,561$96KNo change

Total filed on the 13F, all lines: $726.0M.

Portfolio Sells Q4 2024 → Q1 2025
RCAT Red Cat Holdings Inc. Reduce -1.7% 1.43% −1.38
BKSY Blacksky Technology Inc. Reduce -10.0% 2.54% −0.94
CDMO Avid Bioservices Inc. Sold out 0.00% −0.93
ARBE Arbe Robotics Ltd. Reduce -23.1% 0.84% −0.91
KOPN Kopin Corp. Reduce -24.1% 1.25% −0.88
PFIE Profire Energy Inc. Sold out 0.00% −0.87
INFU Infusystem Holdings Inc. Reduce -12.8% 1.21% −0.72
OFIX Orthofix Medical Inc. Reduce -81.5% 0.15% −0.62
PESI Perma-Fix Environmental SVCS Sold out 0.00% −0.54
EU Encore Energy Corp. Reduce -76.9% 0.06% −0.48
LPTH Lightpath Technologies Inc. Class A Reduce -5.3% 0.48% −0.31
AIOT Powerfleet Inc. Reduce -1.1% 3.48% −0.30
NGS Natural Gas Services Group Reduce -3.1% 2.05% −0.23
OOMA Ooma Inc. Reduce -12.2% 2.03% −0.17
BITCOIN DEPOT INC Sold out 0.00% −0.16
RCEL Avita Medical Inc. Sold out 0.00% −0.15
RGEN Repligen Corp. Reduce -12.3% 1.00% −0.14
TBCH Turtle Beach Corp. Reduce -6.8% 0.89% −0.13
LTRX Lantronix Inc. Sold out 0.00% −0.12
TEAD Teads Holding Co. Reduce -5.0% 0.15% −0.12
USIO Usio Inc. Sold out 0.00% −0.09
URBAN-GRO INC Reduce -33.8% 0.04% −0.09
CRDF Cardiff Oncology Inc. Sold out 0.00% −0.06
XELB Xcel Brands Inc. Sold out 0.00% −0.05
GRSD Grandstand Ltd. Reduce -1.8% 2.59% −0.01
APEI American Public Education Reduce -16.8% 0.30% −0.01
LMAT Lemaitre Vascular Inc. Reduce -3.3% 1.68% −0.01
ARGX Argenx SE - ADR Reduce -8.0% 1.88% +0.00
SYNX Silynxcom Ltd. Reduce -0.5% 0.33% +0.04
SNCR Synchronoss Technologies Inc. Reduce -12.6% 0.68% +0.07
UTI Universal Technical Institut Reduce -3.5% 1.83% +0.15
GILT Gilat Satellite Networks Ltd. Reduce -4.5% 2.10% +0.22

Portfolio Buys Q4 2024 → Q1 2025
MASS 908 Devices Inc. Add +210.6% 3.21% +2.76
SNWV Sanuwave Health Inc. New 2.50% +2.50
CRVO Cervomed Inc. New 1.09% +1.09
IMDX Insight Molecular Diagnostic Add +263.8% 1.19% +0.96
ALMU Aeluma Inc. New 0.82% +0.82
ACOG Alpha Cognition Inc. New 0.80% +0.80
ASPI Asp Isotopes Inc. Add +6.2% 2.92% +0.57
ARLO Arlo Technologies Inc. Add +95.8% 0.89% +0.43
ASPN Aspen Aerogels Inc. Add +102.6% 2.16% +0.41
KIDS Orthopediatrics Corp. Add +5.5% 1.85% +0.39
LSF Laird Superfood Inc. New 0.38% +0.38
VICR Vicor Corp. Add +5.7% 2.40% +0.33
BFLY Butterfly Network Inc. New 0.31% +0.31
RNXT Renovorx Inc. New 0.31% +0.31
PVLA Palvella Therapeutics Inc. New 0.27% +0.27
FORGE GLOBAL HOLDINGS INC Add +794.0% 0.30% +0.25
PGNY Progyny Inc. Add +12.5% 0.55% +0.22
OPK Opko Health Inc. Add +42.3% 0.42% +0.19
OPRX Optimizerx Corp. Add +18.6% 0.30% +0.18
NUVB Nuvation Bio Inc. New 0.16% +0.16
Forte Biosciences, Inc. New 0.15% +0.15
GRWG Growgeneration Corp. Add +95.1% 0.49% +0.14
NKTX Nkarta Inc. Add +150.0% 0.25% +0.13
GAIA Gaia Inc. Add +17.2% 1.04% +0.12
STIM Neuronetics Inc. New 0.12% +0.12
CAPR Capricor Therapeutics Inc. New 0.11% +0.11
LASR Nlight Inc. Add +29.5% 1.41% +0.11
ABX Abacus Global Management Inc. Add +9.2% 0.70% +0.11
BDTX Black Diamond Therapeutics I New 0.11% +0.11
CRNX Crinetics Pharmaceuticals Inc. Add +72.7% 0.44% +0.10
BNTC Benitec Biopharma Inc. Add +35.2% 0.25% +0.09
IRD Opus Genetics Inc. New 0.07% +0.07
AVDL Avadel Pharmaceuticals Ltd. New 0.04% +0.04
MaxCyte, Inc. New 0.04% +0.04
SPIR Spire Global Inc. New 0.03% +0.03
REAL BROKERAGE INC/THE Add +1.2% 1.30% +0.01
MODULAR MED INC Add +12.8% 0.16% +0.00
BLZE Backblaze Inc. Class A Add +9.4% 2.03% −0.02
CTRN Citi Trends Inc. Add +1.6% 0.71% −0.02
ECOR Electrocore Inc. Add +95.0% 0.29% −0.03
MIND MEDICINE MINDMED INC Add +1.3% 0.97% −0.04
TALK Talkspace Inc. Add +3.9% 1.40% −0.04
ANRO Alto Neuroscience Inc. Add +31.1% 0.27% −0.09
CEVA Ceva Inc. Add +2.5% 2.17% −0.14
SERA Sera Prognostics Inc. Class A Add +48.1% 0.44% −0.14
AVAV Aerovironment Inc. Add +6.7% 2.13% −0.15
CNTY Century Casinos Inc. Add +22.3% 0.48% −0.19
UCTT Ultra Clean Holdings Inc. Add +13.5% 0.62% −0.19
MDXH Mdxhealth Add +10.6% 1.02% −0.34
SRTA Strata Critical Medical Inc. Add +0.0% 1.04% −0.39

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 106$1.2BLASR, VICR, MASS, LPTH, AMSC
Q1 2026 98$903.4MAEHR, LASR, VICR, BKSY, GILT
Q4 2025 102$1.0BLASR, ADMA, VICR, BKSY, AEHR
Q3 2025 101$1.1BAEHR, MASS, AMSC, BKSY, AVAV
Q2 2025 92$891.5MAMSC, BKSY, ADMA, MASS, AVAV
Q1 2025 93$725.8MADMA, AMSC, AIOT, MASS, ASPI
Q4 2024 85$820.5MADMA, AMSC, AIOT, BKSY, PI
Q3 2024 96$825.3MADMA, PI, AMSC, ASPN, DXLG
Q2 2024 98$740.2MADMA, AMSC, PI, DXLG, ASPN
Q1 2024 114$763.5MPI, ADMA, AMSC, ASPN, DXLG