AWM Investment Company, Inc.
Long book
$903.4M
Q1 2026
Positions
98
Top-10 weight
41%
concentration
Last quarter
+36.5%
SPY +14.8%
Turnover
26%
of book per quarter
Strategy in plain words
auto-generated from filingsAWM Investment Company, Inc. is a diversified fundamental manager, running a $903.4M US long book across 98 positions.
The portfolio is moderately concentrated (top 10 ≈ 41% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: AEHR TEST SYSTEMS, NLIGHT INC, VICOR CORP, BLACKSKY TECHNOLOGY INC, GILAT SATELLITE NETWORKS LTD.
Over the last 9 quarters its long book ran on average 5.1pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.2%
Q2 2024
+16.2%
Q3 2024
+9.9%
Q4 2024
-20.5%
Q1 2025
+23.6%
Q2 2025
+28.0%
Q3 2025
-8.0%
Q4 2025
-3.8%
Q1 2026
+36.5%
Sector allocation
Technology 46%
Healthcare 17%
Industrials 10%
Other 8%
Services media 7%
Materials 5%
Consumer discretionary 4%
Financials 2%
Long book by quarter
What does AWM Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AEHR AEHR TEST SYSTEMS | Technology | 1.6M | $59.1M | 6.5% | +3.7% |
| LASR NLIGHT INC | Technology | 1.0M | $58.4M | 6.5% | -12.5% |
| VICR VICOR CORP | Technology | 288.2K | $46.4M | 5.1% | -13.5% |
| BKSY BLACKSKY TECHNOLOGY INC | Technology | 1.7M | $43.4M | 4.8% | Held |
| GILT GILAT SATELLITE NETWORKS LTD | Technology | 2.3M | $34.6M | 3.8% | -2.1% |
| MASS 908 DEVICES INC | Other | 5.2M | $31.8M | 3.5% | Held |
| AMSC AMERICAN SUPERCONDUCTOR CORP | Industrials | 801.6K | $27.1M | 3.0% | +6.3% |
| KOPN KOPIN CORP | Technology | 11.8M | $26.6M | 2.9% | -0.3% |
| AVAV AEROVIRONMENT INC | Industrials | 130.7K | $23.9M | 2.6% | +9.9% |
| PI IMPINJ INC | Technology | 207.0K | $21.3M | 2.4% | +16.2% |
| LPTH LIGHTPATH TECHNOLOGIES INC-A | Technology | 2.0M | $20.4M | 2.3% | -0.1% |
| DFTX DEFINIUM THERAPEUTICS INC | Materials | 1.1M | $20.4M | 2.3% | -22.6% |
| TALK TALKSPACE INC | Healthcare | 3.8M | $19.8M | 2.2% | -2.6% |
| VELO VELO3D INC | Industrials | 2.0M | $18.6M | 2.1% | -8.1% |
| MRAM EVERSPIN TECHNOLOGIES INC | Technology | 2.1M | $18.3M | 2.0% | -2.3% |
| ARLO ARLO TECHNOLOGIES INC | Services media | 1.3M | $18.0M | 2.0% | +7.9% |
| BFLY BUTTERFLY NETWORK INC | Healthcare | 4.4M | $17.9M | 2.0% | +30.3% |
| UTI UNIVERSAL TECHNICAL INSTITUT | Services media | 489.1K | $17.7M | 2.0% | +12.7% |
| CEVA CEVA INC | Technology | 864.8K | $16.2M | 1.8% | +4.5% |
| AIOT POWERFLEET INC | Technology | 4.7M | $14.5M | 1.6% | Held |
| REAL REALREAL INC/THE | Consumer discretionary | 1.5M | $13.5M | 1.5% | +4.2% |
| RDCM RADCOM LTD | Technology | 991.3K | $12.1M | 1.3% | Held |
| O6C1 MDXHEALTH | — | 5.2M | $12.0M | 1.3% | Held |
| SRTA STRATA CRITICAL MEDICAL INC | Healthcare | 2.8M | $11.8M | 1.3% | Held |
| GNSS GENASYS INC | Industrials | 5.6M | $10.3M | 1.1% | Held |
| OWLT OWLET INC | Other | 2.0M | $10.2M | 1.1% | +13.2% |
| GAMB GAMBLING.COM GROUP LTD | Services media | 2.5M | $9.6M | 1.1% | +73.4% |
| ASPI ASP ISOTOPES INC | Other | 2.1M | $9.4M | 1.0% | Held |
| IMDX INSIGHT MOLECULAR DIAGNOSTIC | Materials | 2.8M | $9.2M | 1.0% | -0.3% |
| ACOG ALPHA COGNITION INC | Healthcare | 1.7M | $9.2M | 1.0% | Held |
| PVLA PALVELLA THERAPEUTICS INC | Healthcare | 69.4K | $8.7M | 1.0% | Held |
| TLSI TRISALUS LIFE SCIENCES INC | Healthcare | 2.1M | $8.3M | 0.9% | +67.2% |
| WLAC WILLOW LANE ACQUISITION-CL A | — | 779.3K | $8.3M | 0.9% | New |
| GLXY GALAXY DIGITAL INC-A | Financials | 445.0K | $8.2M | 0.9% | +15.6% |
| NGS NATURAL GAS SERVICES GROUP | Energy | 214.8K | $8.1M | 0.9% | -68.3% |
| TYGO TIGO ENERGY INC | Technology | 2.2M | $8.1M | 0.9% | +802.6% |
| SNWV SANUWAVE HEALTH INC | Healthcare | 454.6K | $7.9M | 0.9% | Held |
| LOVE LOVESAC CO/THE | Consumer discretionary | 500.0K | $7.4M | 0.8% | Held |
| GRO BRAZIL POTASH CORP | Materials | 2.2M | $7.2M | 0.8% | +11.4% |
| CTRN CITI TRENDS INC | Consumer discretionary | 166.1K | $7.2M | 0.8% | -31.3% |
| OOMA OOMA INC | Technology | 411.1K | $6.0M | 0.7% | -17.7% |
| REAX REAL BROKERAGE INC/THE | Real estate | 2.3M | $5.6M | 0.6% | +1.1% |
| RSVR RESERVOIR MEDIA INC | Services media | 551.6K | $5.4M | 0.6% | Held |
| SPIR SPIRE GLOBAL INC | Communications | 428.8K | $5.4M | 0.6% | +2.5% |
| FBRX FORTE BIOSCIENCES INC | Healthcare | 200.0K | $5.2M | 0.6% | -15.5% |
| RCAT RED CAT HOLDINGS INC | Technology | 374.5K | $4.9M | 0.5% | -63.0% |
| BLZE BACKBLAZE INC-A | Technology | 1.4M | $4.8M | 0.5% | -54.4% |
| DXLG DESTINATION XL GROUP INC | Consumer discretionary | 9.4M | $4.8M | 0.5% | Held |
| RANI RANI THERAPEUTICS HOLDINGS-A | Healthcare | 6.5M | $4.8M | 0.5% | Held |
| FEAM 5E ADVANCED MATERIALS INC | Materials | 3.3M | $4.5M | 0.5% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 98 | $903.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 103 | $1.04B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 104 | $1.07B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 94 | $891.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 95 | $726.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 18, 2025 | 87 | $820.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 99 | $825.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 114 | $740.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 16, 2024 | 126 | $763.6M | canonical | SEC ↗ |
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