Trigran Investments, Inc.
Long book
$418.2M
Q1 2026
Positions
17
Top-10 weight
85%
concentration
Last quarter
+46.2%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsTrigran Investments, Inc. is a concentrated fundamental stock-picker, running a $418.2M US long book across 17 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: MATERION CORP, SYNAPTICS INC, EXTREME NETWORKS INC, ENPRO INC, GENTHERM INC.
Over the last 9 quarters its long book ran on average 1.5pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-7.5%
Q2 2024
+1.9%
Q3 2024
+3.1%
Q4 2024
-16.4%
Q1 2025
-2.2%
Q2 2025
+13.8%
Q3 2025
+0.0%
Q4 2025
-11.8%
Q1 2026
+46.2%
Sector allocation
Technology 37%
Industrials 35%
Other 10%
Healthcare 7%
Services media 5%
Communications 3%
Consumer discretionary 2%
Financials 0%
Long book by quarter
What does Trigran Investments, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MTRN MATERION CORP | Industrials | 334.0K | $48.3M | 11.6% | -27.1% |
| SYNA SYNAPTICS INC | Technology | 655.7K | $45.9M | 11.0% | -5.3% |
| EXTR EXTREME NETWORKS INC | Technology | 2.8M | $42.9M | 10.3% | +24.6% |
| NPO ENPRO INC | Other | 170.0K | $42.6M | 10.2% | -5.0% |
| THRM GENTHERM INC | Industrials | 1.3M | $37.5M | 9.0% | -7.8% |
| SONO SONOS INC | Industrials | 2.5M | $33.4M | 8.0% | -2.1% |
| HLIT HARMONIC INC | Technology | 3.2M | $28.9M | 6.9% | -0.1% |
| HAYW HAYWARD HOLDINGS INC | Industrials | 2.1M | $28.6M | 6.8% | +13.7% |
| MDXG MIMEDX GROUP INC | Healthcare | 7.2M | $28.3M | 6.8% | +16.4% |
| RDVT RED VIOLET INC | Technology | 606.2K | $21.0M | 5.0% | +4.3% |
| BBSI BARRETT BUSINESS SVCS INC | Services media | 718.4K | $21.0M | 5.0% | +10.7% |
| OOMA OOMA INC | Technology | 923.3K | $13.4M | 3.2% | -52.6% |
| TTGT TECHTARGET INC | Communications | 3.5M | $13.4M | 3.2% | -26.9% |
| CNM CORE & MAIN INC-CLASS A | Consumer discretionary | 159.4K | $7.9M | 1.9% | +88.2% |
| AMPL AMPLITUDE INC-CLASS A | Technology | 380.5K | $2.6M | 0.6% | New |
| AVNS AVANOS MEDICAL INC | Healthcare | 95.5K | $1.3M | 0.3% | New |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 2.4K | $1.2M | 0.3% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 33 | $418.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 34 | $507.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 38 | $551.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR/ARESTATEMENT | Aug 19, 2025 | 40 | $575.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 40 | $575.9M | SEC ↗ | |
| Q1 2025 | 13F-HR | May 13, 2025 | 45 | $679.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 52 | $869.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 58 | $913.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 57 | $956.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 58 | $1.03B | canonical | SEC ↗ |
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