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NIM

Needham Investment Management Portfolio holdings

AUM $1.96B
1-Year Est. Return 101.23%
This Fund
S&P 500
This Quarter Est. Return
+20.88%
1 Year Est. Return
+101.23%
3 Year Est. Return
+267.12%
5 Year Est. Return
+252.76%
10 Year Est. Return
+1,102.05%
AUM
$607M
AUM Growth
+$27.1M
Cap. Flow
-$30.6M
Cap. Flow %
-5.04%
Top 10 Hldgs %
39.77%
Holding
127
New
6
Increased
29
Reduced
33
Closed
7

Top Buys

Rank Stock Value
1
ADTN icon
Adtran
ADTN
+$4.36M
2
NEWR
New Relic, Inc.
NEWR
+$4.33M
3
AYX
Alteryx Inc
AYX
+$2.39M
4
VICR icon
Vicor
VICR
+$2.32M
5
INFN
Infinera Corporation Common Stock
INFN
+$2.1M

Top Sells

Rank Stock Value
1
YEXT icon
Yext
YEXT
+$5.77M
2
PLAB icon
Photronics
PLAB
+$5.76M
3
SMCI icon
Super Micro Computer
SMCI
+$5.28M
4
LASR icon
nLIGHT
LASR
+$5.01M
5
ZUO
Zuora, Inc.
ZUO
+$4.85M

Sector Composition

Rank Sector Weight
1 Technology 63.08%
2 Industrials 11.76%
3 Healthcare 10.04%
4 Communication Services 5.73%
5 Consumer Discretionary 2.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SMCI icon
1
Super Micro Computer
SMCI
$19.5B
$54.5M 8.97%
2,185,000
-315,000
-13% -$5.28M
PDFS icon
2
PDF Solutions
PDFS
$2.13B
$29.7M 4.89%
657,500
+23,000
+4% +$939K
ENTG icon
3
Entegris
ENTG
$19.7B
$25.7M 4.23%
231,500
-29,500
-11% -$2.69M
VICR icon
4
Vicor
VICR
$9.62B
$24.6M 4.05%
455,500
+47,000
+12% +$2.32M
NVMI
5
Nova
NVMI
$13.9B
$22.3M 3.67%
190,000
– –
ASPN icon
6
Aspen Aerogels
ASPN
$387M
$17.9M 2.95%
2,268,300
+160,750
+8% +$1.12M
FORM icon
7
FormFactor
FORM
$8.11B
$17.2M 2.84%
503,900
+14,606
+3% +$436K
PLAB icon
8
Photronics
PLAB
$1.79B
$17M 2.8%
659,400
-310,600
-32% -$5.76M
KVHI icon
9
KVH Industries
KVHI
$177M
$17M 2.8%
1,857,850
– –
LASR icon
10
nLIGHT
LASR
$3.95B
$15.6M 2.57%
1,011,540
-410,110
-29% -$5.01M
TMO icon
11
Thermo Fisher Scientific
TMO
$211B
$15.3M 2.51%
29,250
-750
-3% -$405K
LH icon
12
Labcorp
LH
$24.3B
$14.7M 2.42%
70,728
-349
-0.5% -$67.7K
ADTN icon
13
Adtran
ADTN
$798M
$14.5M 2.39%
1,380,000
+440,000
+47% +$4.36M
MKSI icon
14
MKS Inc
MKSI
$22.2B
$13.1M 2.16%
121,000
-500
-0.4% -$45.8K
CMCSA icon
15
Comcast
CMCSA
$79.1B
$11.2M 1.85%
270,000
-7,500
-3% -$298K
TTMI icon
16
TTM Technologies
TTMI
$13.6B
$10.5M 1.73%
754,500
+107,000
+17% +$1.38M
CMBM
17
DELISTED
Cambium Networks
CMBM
$9.84M 1.62%
646,400
+65,000
+11% +$1.01M
COHR icon
18
Coherent
COHR
$55.2B
$9.81M 1.62%
192,500
-31,000
-14% -$1.15M
PSN icon
19
Parsons
PSN
$6.28B
$9.63M 1.59%
200,000
-12,000
-6% -$547K
CLH icon
20
Clean Harbors
CLH
$16.1B
$8.4M 1.38%
51,106
-1,400
-3% -$205K
KLAC icon
21
KLA
KLAC
$275B
$8.25M 1.36%
170,000
-30,000
-15% -$1.25M
VECO icon
22
Veeco
VECO
$3.15B
$8.22M 1.35%
320,000
-61,869
-16% -$1.36M
UIS icon
23
Unisys
UIS
$227M
$7.74M 1.28%
1,945,000
+500,000
+35% +$1.98M
KMX icon
24
CarMax
KMX
$8.27B
$7.45M 1.23%
89,000
– –
AXTI icon
25
AXT Inc
AXTI
$3.09B
$7.43M 1.22%
2,160,450
– –
1
2 3 4 5

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WPC
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TCM
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Needham Investment Management's Q2 2023 Portfolio in Review

As of Q2 2023, Needham Investment Management held 127 positions worth $607M, up 4.7% from $580M the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Needham Investment Management withdrew a net $30.6M in Q2 2023, closing 7 positions and reducing 33 holdings. Its most notable exit was Yext, an estimated $5.77M position sold in full.

By sector, the portfolio is most concentrated in Technology at 63% of assets, up from 60% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Needham Investment Management opened a new position in New Relic, Inc. worth $3.93M.

  • Needham Investment Management's largest Q2 2023 buy was New Relic, Inc.: 60,000 shares worth $3.93M.
  • Needham Investment Management added most to Adtran in Q2 2023, an estimated $4.36M increase.
  • Needham Investment Management's biggest Q2 2023 reduction was Photronics, cutting an estimated $5.76M.
  • Needham Investment Management fully exited Yext in Q2 2023, selling an estimated $5.77M.
  • Needham Investment Management's ten largest holdings make up 40% of its $607M portfolio in Q2 2023.
  • Needham Investment Management opened 6 new positions and closed 7 in Q2 2023.
  • Needham Investment Management's portfolio value rose 4.7% quarter-over-quarter to $607M.

Based on Needham Investment Management's 13F filing for Q2 2023, filed 14 Aug 2023.