Trigran Investments, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Trigran Investments, Inc. reported 16 stock positions worth $679.6 million. Its top holding was Synaptics (SYNA) at 10.6% of the portfolio, followed by Techtarget (TTGT, 9.9%) and Materion (MTRN, 9.5%). Compared with Q4 2024, it opened 1 new position, sold out of 3, added to 7 and reduced 7. The biggest buy was Extreme Networks (EXTR, shares +30%) and the biggest sale an exit from Calix (CALX).
- Most Recent 13F
- Q2 2026
- Location
- NORTHBROOK, IL
- CIK
- 0001336800
- Portfolio Value
- $679.6M (Q1 2025)
- SEC Filing
- 0001062993-25-009264 ↗ filed May 13, 2025
Holdings Value
Holdings 16 stocks · $679.6M
| SYNA Synaptics Inc. | 10.60% | 1,130,733 | $72.1M | Add +5.5% |
| TTGT Techtarget Inc. | 9.86% | 4,526,836 | $67.0M | Add +20.4% |
| MTRN Materion Corp. | 9.54% | 794,765 | $64.9M | Add +7.7% |
| THRM Gentherm Inc. | 8.70% | 2,210,388 | $59.1M | Add +11.0% |
| MDXG Mimedx Group Inc. | 8.50% | 7,599,557 | $57.8M | Reduce -0.3% |
| SONO Sonos Inc. | 8.24% | 5,248,935 | $56.0M | Add +24.0% |
| RDVT Red Violet Inc. | 6.69% | 1,208,845 | $45.4M | Reduce -24.2% |
| NPO Enpro Inc. | 6.62% | 278,246 | $45.0M | Reduce -2.0% |
| OOMA Ooma Inc. | 6.36% | 3,302,007 | $43.2M | Reduce -5.3% |
| EXTR Extreme Networks Inc. | 6.05% | 3,106,446 | $41.1M | Add +30.3% |
| HLIT Harmonic Inc. | 5.77% | 4,091,668 | $39.2M | Reduce -17.8% |
| ANIK Anika Therapeutics Inc. | 4.52% | 2,041,853 | $30.7M | Add +1.0% |
| HAYW Hayward Holdings Inc. | 4.23% | 2,064,096 | $28.7M | Reduce -14.0% |
| HCKT The Hackett Group Inc. | 3.35% | 778,615 | $22.8M | Reduce -11.3% |
| NABL N-Able Inc. | 0.73% | 700,030 | $5.0M | New |
| BRK.B Berkshire Hathaway Inc. Class B | 0.25% | 3,150 | $1.7M | No change |
Portfolio Sells Q4 2024 → Q1 2025
| CALX Calix Inc. | Sold out | 0.00% | −2.89 |
| FROG Jfrog Ltd. | Sold out | 0.00% | −2.78 |
| HLIT Harmonic Inc. | Reduce -17.8% | 5.77% | −1.80 |
| SRDX Surmodics Inc. | Sold out | 0.00% | −1.68 |
| HAYW Hayward Holdings Inc. | Reduce -14.0% | 4.23% | +0.01 |
| RDVT Red Violet Inc. | Reduce -24.2% | 6.69% | +0.04 |
| MDXG Mimedx Group Inc. | Reduce -0.3% | 8.50% | +0.07 |
| HCKT The Hackett Group Inc. | Reduce -11.3% | 3.35% | +0.25 |
| OOMA Ooma Inc. | Reduce -5.3% | 6.36% | +0.72 |
| NPO Enpro Inc. | Reduce -2.0% | 6.62% | +0.99 |
Portfolio Buys Q4 2024 → Q1 2025
| EXTR Extreme Networks Inc. | Add +30.3% | 6.05% | +1.46 |
| TTGT Techtarget Inc. | Add +20.4% | 9.86% | +1.30 |
| SYNA Synaptics Inc. | Add +5.5% | 10.60% | +1.19 |
| MTRN Materion Corp. | Add +7.7% | 9.54% | +1.15 |
| SONO Sonos Inc. | Add +24.0% | 8.24% | +0.92 |
| NABL N-Able Inc. | New | 0.73% | +0.73 |
| ANIK Anika Therapeutics Inc. | Add +1.0% | 4.52% | +0.69 |
| THRM Gentherm Inc. | Add +11.0% | 8.70% | −0.44 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 17 | $545.3M | MTRN, NPO, SYNA, EXTR, THRM |
| Q1 2026 | 17 | $418.2M | MTRN, SYNA, EXTR, NPO, THRM |
| Q4 2025 | 17 | $507.6M | MTRN, THRM, SYNA, SONO, MDXG |
| Q3 2025 | 17 | $551.6M | MTRN, THRM, MDXG, SONO, EXTR |
| Q2 2025Amended | 16 | $575.9M | MTRN, THRM, SYNA, MDXG, SONO |
| Q1 2025 | 16 | $679.6M | SYNA, TTGT, MTRN, THRM, MDXG |
| Q4 2024 | 18 | $869.5M | SYNA, THRM, TTGT, MDXG, MTRN |
| Q3 2024 | 20 | $913.5M | TTGT, THRM, HLIT, MTRN, SYNA |
| Q2 2024 | 20 | $956.3M | TTGT, THRM, SYNA, MTRN, HLIT |
| Q1 2024 | 20 | $1.0B | SONO, SYNA, THRM, HLIT, MTRN |