Trigran Investments, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Trigran Investments, Inc. reported 17 stock positions worth $507.6 million. Its top holding was Materion (MTRN) at 11.2% of the portfolio, followed by Gentherm (THRM, 10.5%) and Synaptics (SYNA, 10.1%). Compared with Q3 2025, it added to 4 and reduced 9. The biggest buy was Synaptics (SYNA, shares +5%) and the biggest sale Anika Therapeutics (ANIK, shares −90%).
- Most Recent 13F
- Q2 2026
- Location
- NORTHBROOK, IL
- CIK
- 0001336800
- Portfolio Value
- $507.6M (Q4 2025)
- SEC Filing
- 0001062993-26-000909 ↗ filed Feb 13, 2026
Holdings Value
Holdings 17 stocks · $507.6M
| MTRN Materion Corp. | 11.22% | 458,073 | $56.9M | Reduce -8.0% |
| THRM Gentherm Inc. | 10.48% | 1,463,143 | $53.2M | Reduce -16.4% |
| SYNA Synaptics Inc. | 10.10% | 692,587 | $51.3M | Add +4.7% |
| SONO Sonos Inc. | 8.80% | 2,542,398 | $44.6M | Reduce -15.3% |
| MDXG Mimedx Group Inc. | 8.22% | 6,163,384 | $41.7M | Reduce -20.0% |
| NPO Enpro Inc. | 7.55% | 179,047 | $38.3M | No change |
| EXTR Extreme Networks Inc. | 7.50% | 2,285,391 | $38.1M | Add +4.2% |
| RDVT Red Violet Inc. | 6.52% | 581,243 | $33.1M | Reduce -5.7% |
| HLIT Harmonic Inc. | 6.28% | 3,221,401 | $31.9M | No change |
| HAYW Hayward Holdings Inc. | 5.72% | 1,879,312 | $29.0M | No change |
| TTGT Techtarget Inc. | 5.04% | 4,735,072 | $25.6M | Reduce -5.6% |
| BBSI Barrett Business SVCS Inc. | 4.63% | 648,738 | $23.5M | Add +62.3% |
| OOMA Ooma Inc. | 4.50% | 1,948,061 | $22.9M | Reduce -12.6% |
| HCKT The Hackett Group Inc. | 2.02% | 521,758 | $10.2M | Reduce -34.5% |
| CNM Core & Main Inc. Class A | 0.87% | 84,661 | $4.4M | Add +275.9% |
| ANIK Anika Therapeutics Inc. | 0.32% | 168,400 | $1.6M | Reduce -89.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.24% | 2,400 | $1.2M | No change |
Portfolio Sells Q3 2025 → Q4 2025
| ANIK Anika Therapeutics Inc. | Reduce -89.6% | 0.32% | −2.44 |
| MDXG Mimedx Group Inc. | Reduce -20.0% | 8.22% | −1.52 |
| HCKT The Hackett Group Inc. | Reduce -34.5% | 2.02% | −0.73 |
| OOMA Ooma Inc. | Reduce -12.6% | 4.50% | −0.34 |
| THRM Gentherm Inc. | Reduce -16.4% | 10.48% | −0.32 |
| TTGT Techtarget Inc. | Reduce -5.6% | 5.04% | −0.24 |
| SONO Sonos Inc. | Reduce -15.3% | 8.80% | +0.20 |
| MTRN Materion Corp. | Reduce -8.0% | 11.22% | +0.32 |
| RDVT Red Violet Inc. | Reduce -5.7% | 6.52% | +0.68 |
Portfolio Buys Q3 2025 → Q4 2025
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 |