Q4 2025 · 13F-HR
Granahan Investment Management, LLCholdings as filed
Filed 2026-02-17 · accession 0001398344-26-003202
$2.34B
Reported value
157
Positions
2025-12-31
Period end
The Brief · Granahan Investment Management, LLC · Q4 2025
AI · grounded in 13F
Granahan Investment Management, LLC added new positions in WLTH for $18.8M and STRL for $18.1M. The fund increased its holdings in ONTO by 165.3% and ZETA by 110.3%. Conversely, the manager reduced its stake in SPSC by 92.9% and FIX by 71.9%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 733245104 | PRCH | PORCH GROUP INC | $105.8M | 4.53% | 11,590,428 | Common | SOLE |
| G3934V109 | GENI | GENIUS SPORTS LIMITED | $86.5M | 3.71% | 7,853,872 | Common | SOLE |
| 144285103 | CRS | CARPENTER TECHNOLOGY CORP | $84.1M | 3.60% | 267,175 | Common | SOLE |
| G3730V105 | FTAI | FTAI AVIATION LTD | $68.4M | 2.93% | 347,365 | Common | SOLE |
| 92645B103 | VCTR | VICTORY CAP HLDGS INC | $67.8M | 2.90% | 1,075,202 | Common | SOLE |
| M7518J104 | ODD | ODDITY TECH LTD | $61.2M | 2.62% | 1,523,204 | Common | SOLE |
| 45569U101 | INDI | INDIE SEMICONDUCTOR INC | $60.8M | 2.60% | 17,216,584 | Common | SOLE |
| M2197Q107 | CLBT | CELLEBRITE DI LTD | $55.1M | 2.36% | 3,057,018 | Common | SOLE |
| 98956A105 | ZETA | ZETA GLOBAL HOLDINGS CORP | $53.3M | 2.28% | 2,617,630 | Common | SOLE |
| G5S37H101 | MRX | MAREX GROUP PLC | $52.8M | 2.26% | 1,376,993 | Common | SOLE |
| 55955D100 | MGNI | MAGNITE INC | $50.6M | 2.17% | 3,115,930 | Common | SOLE |
| M5216V106 | GLBE | GLOBAL E ONLINE LTD | $46.9M | 2.01% | 1,191,892 | Common | SOLE |
| 53190C102 | LTH | LIFE TIME GROUP HOLDINGS INC | $44.1M | 1.89% | 1,659,572 | Common | SOLE |
| 607828100 | MOD | MODINE MFG CO | $43.6M | 1.87% | 326,474 | Common | SOLE |
| 05464C101 | AXON | AXON ENTERPRISE INC | $43.0M | 1.84% | 75,714 | Common | SOLE |
| 501270102 | KRUS | KURA SUSHI USA INC | $41.2M | 1.76% | 787,108 | Common | SOLE |
| 71944F106 | PHR | PHREESIA INC | $40.6M | 1.74% | 2,399,613 | Common | SOLE |
| H8088L103 | SRAD | SPORTRADAR GROUP AG | $39.7M | 1.70% | 1,670,471 | Common | SOLE |
| M6372Q113 | KRNT | KORNIT DIGITAL LTD | $37.0M | 1.58% | 2,569,663 | Common | SOLE |
| 888787108 | TOST | TOAST INC | $36.8M | 1.58% | 1,037,146 | Common | SOLE |
| 65290E101 | NXT | NEXTPOWER INC | $33.5M | 1.44% | 384,710 | Common | SOLE |
| 20464U100 | COMP | COMPASS INC | $33.1M | 1.42% | 3,136,223 | Common | SOLE |
| 25400W102 | APPS | DIGITAL TURBINE INC | $31.7M | 1.36% | 6,349,463 | Common | SOLE |
| 683344105 | ONTO | ONTO INNOVATION INC | $31.0M | 1.33% | 196,642 | Common | SOLE |
| 816850101 | SMTC | SEMTECH CORP | $30.8M | 1.32% | 418,227 | Common | SOLE |
| 349381103 | FIGR | FIGURE TECHNOLOGY SOLUTIO | $27.2M | 1.16% | 665,518 | Common | SOLE |
| 147448104 | CWST | CASELLA WASTE SYS INC | $25.2M | 1.08% | 257,715 | Common | SOLE |
| 02361E108 | AMRC | AMERESCO INC | $24.8M | 1.06% | 848,007 | Common | SOLE |
| 750917106 | RMBS | RAMBUS INC DEL | $24.4M | 1.04% | 265,516 | Common | SOLE |
| 199908104 | FIX | COMFORT SYS USA INC | $24.3M | 1.04% | 26,035 | Common | SOLE |
| 33748L101 | FWRG | FIRST WATCH RESTAURANT GROUP | $21.9M | 0.94% | 1,451,237 | Common | SOLE |
| 75524B104 | RBC | RBC BEARINGS INC | $21.9M | 0.94% | 48,757 | Common | SOLE |
| 82706C108 | SIMO | SILICON MOTION TECHNOLOGY CO | $21.2M | 0.91% | 229,129 | Common | SOLE |
| 49845K101 | KVYO | KLAVIYO INC | $19.7M | 0.84% | 605,271 | Common | SOLE |
| 947002101 | WLTH | WEALTHFRONT CORP | $18.8M | 0.81% | 1,386,092 | Common | SOLE |
| 85914M107 | STEP | STEPSTONE GROUP INC | $18.5M | 0.79% | 288,709 | Common | SOLE |
| 15643U104 | LEU | CENTRUS ENERGY CORP | $18.3M | 0.78% | 75,235 | Common | SOLE |
| 859241101 | STRL | STERLING INFRASTRUCTURE INC | $18.1M | 0.78% | 59,148 | Common | SOLE |
| G39108108 | GTES | GATES INDL CORP PLC | $17.9M | 0.77% | 834,723 | Common | SOLE |
| 825704109 | SIBN | SI-BONE INC | $17.4M | 0.74% | 880,155 | Common | SOLE |
| 576690101 | MTRN | MATERION CORP | $17.2M | 0.74% | 138,226 | Common | SOLE |
| 87305R109 | TTMI | TTM TECHNOLOGIES INC | $17.1M | 0.73% | 247,375 | Common | SOLE |
| 88224Q107 | TCBI | TEXAS CAP BANCSHARES INC | $16.1M | 0.69% | 178,369 | Common | SOLE |
| 82846H405 | QXO | QXO INC | $15.4M | 0.66% | 799,612 | Common | SOLE |
| 443573100 | HUBS | HUBSPOT INC | $15.2M | 0.65% | 37,831 | Common | SOLE |
| 01625V104 | ALHC | ALIGNMENT HEALTHCARE INC | $14.8M | 0.63% | 749,487 | Common | SOLE |
| 91532F102 | UMAC | UNUSUAL MACHS INC | $14.7M | 0.63% | 1,154,505 | Common | SOLE |
| 293594107 | ENVX | ENOVIX CORPORATION | $14.4M | 0.61% | 1,964,565 | Common | SOLE |
| 148929102 | CAVA | CAVA GROUP INC | $13.5M | 0.58% | 230,803 | Common | SOLE |
| G25457105 | CRDO | CREDO TECHNOLOGY GROUP HOLDI | $13.2M | 0.57% | 91,770 | Common | SOLE |
| G52694109 | KNSA | KINIKSA PHARMACEUTICALS INTL | $13.0M | 0.56% | 316,213 | Common | SOLE |
| 03945R102 | ACHR | ARCHER AVIATION INC | $12.9M | 0.55% | 1,713,170 | Common | SOLE |
| G8068L108 | SN | SHARKNINJA INC | $12.6M | 0.54% | 112,863 | Common | SOLE |
| 086921103 | BETA | BETA TECHNOLOGIES INC | $12.4M | 0.53% | 438,351 | Common | SOLE |
| 759916109 | RGEN | REPLIGEN CORP | $11.8M | 0.51% | 72,002 | Common | SOLE |
| 68752L100 | KIDS | ORTHOPEDIATRICS CORP | $11.8M | 0.50% | 663,981 | Common | SOLE |
| 09062W204 | BLFS | BIOLIFE SOLUTIONS INC | $11.7M | 0.50% | 482,356 | Common | SOLE |
| 913915104 | UTI | UNIVERSAL TECHNICAL INST INC | $11.5M | 0.49% | 439,252 | Common | SOLE |
| 69120X206 | OWLT | OWLET INC | $11.1M | 0.48% | 686,749 | Common | SOLE |
| 893529107 | TRNS | TRANSCAT INC | $10.9M | 0.47% | 191,580 | Common | SOLE |
| 55024U109 | LITE | LUMENTUM HLDGS INC | $10.5M | 0.45% | 28,498 | Common | SOLE |
| 8676EP108 | STKL | SUNOPTA INC | $10.1M | 0.43% | 2,670,652 | Common | SOLE |
| 98422E103 | XERS | XERIS BIOPHARMA HOLDINGS INC | $9.6M | 0.41% | 1,223,404 | Common | SOLE |
| M6191J100 | FROG | JFROG LTD | $9.4M | 0.40% | 150,580 | Common | SOLE |
| 477839104 | JBTM | JBT MAREL CORPORATION | $9.3M | 0.40% | 62,044 | Common | SOLE |
| 45257U108 | IMNM | IMMUNOME INC | $9.3M | 0.40% | 435,123 | Common | SOLE |
| 15102K100 | CELC | CELCUITY INC | $8.7M | 0.37% | 87,032 | Common | SOLE |
| 42226A107 | HQY | HEALTHEQUITY INC | $8.3M | 0.36% | 91,020 | Common | SOLE |
| 92686J106 | VKTX | VIKING THERAPEUTICS INC | $8.3M | 0.35% | 235,586 | Common | SOLE |
| 76155X100 | RVMD | REVOLUTION MEDICINES INC | $7.9M | 0.34% | 99,194 | Common | SOLE |
| 67059N108 | NTNX | NUTANIX INC | $7.9M | 0.34% | 152,001 | Common | SOLE |
| 10806X102 | BBIO | BRIDGEBIO PHARMA INC | $7.8M | 0.33% | 101,805 | Common | SOLE |
| 87164F105 | SNDX | SYNDAX PHARMACEUTICALS INC | $7.7M | 0.33% | 366,793 | Common | SOLE |
| 49714P108 | KNSL | KINSALE CAP GROUP INC | $7.7M | 0.33% | 19,686 | Common | SOLE |
| 03770N101 | APGE | APOGEE THERAPEUTICS INC | $7.1M | 0.31% | 94,720 | Common | SOLE |
| 532257805 | LPTH | LIGHTPATH TECHNOLOGIES INC | $7.1M | 0.30% | 656,020 | Common | SOLE |
| 099406100 | BOOT | BOOT BARN HLDGS INC | $7.0M | 0.30% | 39,495 | Common | SOLE |
| 651718504 | NPKI | NPK INTERNATIONAL INC | $6.9M | 0.30% | 580,447 | Common | SOLE |
| 92847W103 | VITL | VITAL FARMS INC | $6.9M | 0.30% | 216,551 | Common | SOLE |
| 52635N103 | LENZ | LENZ THERAPEUTICS INC | $6.9M | 0.30% | 431,100 | Common | SOLE |
| 114340102 | AZTA | AZENTA INC | $6.8M | 0.29% | 204,676 | Common | SOLE |
| 80706P103 | SRRK | SCHOLAR ROCK HLDG CORP | $6.8M | 0.29% | 153,769 | Common | SOLE |
| 30233G209 | EYPT | EYEPOINT INC | $6.7M | 0.29% | 366,675 | Common | SOLE |
| M87915274 | TSEM | TOWER SEMICONDUCTOR LTD | $6.7M | 0.29% | 56,795 | Common | SOLE |
| 125141101 | CECO | CECO ENVIRONMENTAL CORP | $6.5M | 0.28% | 108,889 | Common | SOLE |
| 553368101 | MP | MP MATERIALS CORP | $6.5M | 0.28% | 128,417 | Common | SOLE |
| 922417100 | VECO | VEECO INSTRS INC DEL | $6.4M | 0.27% | 223,278 | Common | SOLE |
| 834203309 | SLNO | SOLENO THERAPEUTICS INC | $6.4M | 0.27% | 137,592 | Common | SOLE |
| 22160N109 | CSGP | COSTAR GROUP INC | $6.2M | 0.26% | 91,929 | Common | SOLE |
| 01644J108 | ALKT | ALKAMI TECHNOLOGY INC | $6.1M | 0.26% | 265,266 | Common | SOLE |
| 032724106 | ANAB | ANAPTYSBIO INC | $6.1M | 0.26% | 125,855 | Common | SOLE |
| 86150R107 | STOK | STOKE THERAPEUTICS INC | $6.1M | 0.26% | 191,397 | Common | SOLE |
| 98985Y108 | ZYME | ZYMEWORKS INC | $5.9M | 0.25% | 224,408 | Common | SOLE |
| 45258J102 | IMVT | IMMUNOVANT INC | $5.9M | 0.25% | 230,188 | Common | SOLE |
| 30063P105 | EXK | EXACT SCIENCES CORP | $5.8M | 0.25% | 57,212 | Common | SOLE |
| 28036F105 | EWTX | EDGEWISE THERAPEUTICS INC | $5.8M | 0.25% | 232,295 | Common | SOLE |
| 76243J105 | RYTM | RHYTHM PHARMACEUTICALS INC | $5.7M | 0.24% | 53,452 | Common | SOLE |
| 971378104 | WSC | WILLSCOT HLDGS CORP | $5.6M | 0.24% | 297,852 | Common | SOLE |
| 204166102 | CVLT | COMMVAULT SYS INC | $5.6M | 0.24% | 44,706 | Common | SOLE |
| 26856L103 | ELF | E L F BEAUTY INC | $5.6M | 0.24% | 73,239 | Common | SOLE |
| G3323L100 | FN | FABRINET | $5.4M | 0.23% | 11,877 | Common | SOLE |
| 23282W605 | CYTK | CYTOKINETICS INC | $5.2M | 0.22% | 82,121 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $5.1M | 0.22% | 350,956 | Common | SOLE |
| 077347300 | BELFB | BEL FUSE INC | $5.1M | 0.22% | 29,884 | Common | SOLE |
| 00847J105 | AGYS | AGILYSYS INC | $5.0M | 0.22% | 42,257 | Common | SOLE |
| 578605107 | MEC | MAYVILLE ENGR CO INC | $5.0M | 0.21% | 267,762 | Common | SOLE |
| 535219109 | LIND | LINDBLAD EXPEDITIONS HLDGS I | $5.0M | 0.21% | 345,574 | Common | SOLE |
| 615111101 | ONT | MONTROSE ENVIRONMENTAL GROUP | $4.9M | 0.21% | 199,317 | Common | SOLE |
| 53220K504 | LGND | LIGAND PHARMACEUTICALS INC | $4.9M | 0.21% | 26,050 | Common | SOLE |
| 76655K103 | RGTI | RIGETTI COMPUTING INC | $4.9M | 0.21% | 221,227 | Common | SOLE |
| 46222L108 | IONQ | IONQ INC | $4.8M | 0.21% | 106,722 | Common | SOLE |
| 04206A101 | ARLO | ARLO TECHNOLOGIES INC | $4.7M | 0.20% | 338,382 | Common | SOLE |
| 19239V302 | CCOI | COGENT COMMUNICATIONS HLDGS | $4.7M | 0.20% | 217,025 | Common | SOLE |
| M7516K103 | NVMI | NOVA LTD | $4.5M | 0.19% | 13,783 | Common | SOLE |
| 518415104 | LSCC | LATTICE SEMICONDUCTOR CORP | $4.4M | 0.19% | 59,428 | Common | SOLE |
| 384747101 | GRAL | GRAIL INC | $4.3M | 0.19% | 50,508 | Common | SOLE |
| 163086101 | CHEF | CHEFS WHSE INC | $4.3M | 0.18% | 68,823 | Common | SOLE |
| 679295105 | OKTA | OKTA INC | $4.3M | 0.18% | 49,152 | Common | SOLE |
| 826919102 | SLAB | SILICON LABORATORIES INC | $4.2M | 0.18% | 32,019 | Common | SOLE |
| 98420N105 | XENE | XENON PHARMACEUTICALS INC | $4.2M | 0.18% | 92,778 | Common | SOLE |
| 15687V109 | CERT | CERTARA INC | $4.1M | 0.17% | 460,797 | Common | SOLE |
| 03969F109 | RCUS | ARCUS BIOSCIENCES INC | $4.0M | 0.17% | 169,940 | Common | SOLE |
| 670703107 | NUVL | NUVALENT INC | $4.0M | 0.17% | 40,211 | Common | SOLE |
| 81663L200 | WGS | GENEDX HOLDINGS CORP | $4.0M | 0.17% | 30,910 | Common | SOLE |
| 221006109 | CRVL | CORVEL CORP | $4.0M | 0.17% | 58,679 | Common | SOLE |
| 877619106 | TSHA | TAYSHA GENE THERAPIES INC | $3.9M | 0.17% | 703,971 | Common | SOLE |
| 08659B102 | BBNX | BETA BIONICS INC | $3.7M | 0.16% | 121,246 | Common | SOLE |
| 04302A104 | AIP | ARTERIS INC | $3.7M | 0.16% | 236,896 | Common | SOLE |
| 64119N608 | NTSK | NETSKOPE INC | $3.6M | 0.15% | 202,461 | Common | SOLE |
| 82489W107 | SHLS | SHOALS TECHNOLOGIES GROUP IN | $3.1M | 0.13% | 363,482 | Common | SOLE |
| 92538J106 | VERX | VERTEX INC | $3.0M | 0.13% | 150,299 | Common | SOLE |
| 05605H100 | BWXT | BWX TECHNOLOGIES INC | $3.0M | 0.13% | 17,355 | Common | SOLE |
| 249906108 | DSGX | DESCARTES SYS GROUP INC | $2.9M | 0.12% | 33,237 | Common | SOLE |
| 16935C109 | CHYM | CHIME FINL INC | $2.9M | 0.12% | 115,755 | Common | SOLE |
| 922280102 | VRNS | VARONIS SYS INC | $2.8M | 0.12% | 84,421 | Common | SOLE |
| 61559X104 | MLTX | MOONLAKE IMMUNOTHERAPEUTICS | $2.6M | 0.11% | 198,307 | Common | SOLE |
| 450056106 | IRTC | IRHYTHM TECHNOLOGIES INC | $2.6M | 0.11% | 14,377 | Common | SOLE |
| 78463M107 | SPSC | SPS COMM INC | $2.5M | 0.11% | 28,004 | Common | SOLE |
| 75776W103 | RDW | REDWIRE CORPORATION | $2.4M | 0.10% | 316,942 | Common | SOLE |
| 911549103 | UAMY | UNITED STATES ANTIMONY CORP | $2.4M | 0.10% | 478,991 | Common | SOLE |
| 01749D105 | ALGM | ALLEGRO MICROSYSTEMS INC | $2.4M | 0.10% | 89,857 | Common | SOLE |
| 94724R108 | WEAV | WEAVE COMMUNICATIONS INC | $2.1M | 0.09% | 280,610 | Common | SOLE |
| 87427V103 | TALK | TALKSPACE INC | $2.1M | 0.09% | 581,666 | Common | SOLE |
| 302081104 | EXLS | EXLSERVICE HOLDINGS INC | $2.0M | 0.09% | 48,206 | Common | SOLE |
| 28617B606 | ELVA | ELECTROVAYA INC | $1.5M | 0.07% | 194,961 | Common | SOLE |
| 68401U204 | OPRX | OPTIMIZERX CORP | $1.4M | 0.06% | 117,122 | Common | SOLE |
| 75644T100 | RCAT | RED CAT HLDGS INC | $1.1M | 0.05% | 132,572 | Common | SOLE |
| 87876P201 | TGEN | TECOGEN INC NEW | $878,441 | 0.04% | 177,822 | Common | SOLE |
| 03214Q108 | AMPX | AMPRIUS TECHNOLOGIES INC | $507,974 | 0.02% | 64,382 | Common | SOLE |
| 65443P102 | MASS | 908 DEVICES INC | $478,490 | 0.02% | 91,141 | Common | SOLE |
| 00486H105 | ADTN | ADTRAN HOLDINGS INC | $476,560 | 0.02% | 54,840 | Common | SOLE |
| 46266A109 | IRMD | IRADIMED CORP | $475,894 | 0.02% | 4,892 | Common | SOLE |
| 157210105 | CEVA | CEVA INC | $436,189 | 0.02% | 20,269 | Common | SOLE |
| 23834J201 | DAVE | DAVE INC | $423,115 | 0.02% | 1,911 | Common | SOLE |
| 229050307 | CYRX | CRYOPORT INC | $385,920 | 0.02% | 40,200 | Common | SOLE |
| 464287648 | IWO | ISHARES TR | $363,709 | 0.02% | 1,126 | Common | SOLE |
| 86887Q109 | SSSS | SURO CAPITAL CORP | $203,423 | 0.01% | 21,549 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.