TI

Trigran Investments Portfolio holdings

AUM $545M Turnover 21.05%
1-Year Est. Return 56.2%
This Fund
S&P 500
This Quarter Est. Return
-3.1%
1 Year Est. Return
+56.2%
3 Year Est. Return
+30.21%
5 Year Est. Return
+38.87%
10 Year Est. Return
+382.16%
AUM
$239M
AUM Growth
+$11.2M
Cap. Flow
+$18M
Cap. Flow %
7.52%
Top 10 Hldgs %
72.3%
Holding
31
New
6
Increased
15
Reduced
4
Closed
6
Avg Time Held Equity + Options
0.6 years
Top 10 Avg Time Held Equity + Options
0.8 years
Top 20 Avg Time Held Equity + Options
0.6 years
Avg Time Held Equity only
0.6 years
Top 10 Avg Time Held Equity only
0.8 years
Top 20 Avg Time Held Equity only
0.7 years

Top Buys

Rank Stock Value
1
KFX
KOFAX LIMITED COM STK
KFX
+$8.77M
2
RLOC
REACHLOCAL INC COM STK (DE)
RLOC
+$6.06M
3
DTSI
DTS, Inc.
DTSI
+$5.18M
4
CECO icon
Ceco Environmental
CECO
+$4.47M
5
RST
ROSETTA STONE INC
RST
+$4.05M

Top Sells

Rank Stock Value
1
LQDT icon
Liquidity Services
LQDT
+$20.7M
2
TTI icon
TETRA Technologies
TTI
+$1.4M
3
ATMI
A T M I INC
ATMI
+$1.36M
4
BIRT
Actuate Corp
BIRT
+$1.3M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$1.2M

Sector Composition

Rank Sector Weight
1 Technology 50.24%
2 Miscellaneous 15.73%
3 Industrials 15.14%
4 Materials 8.06%
5 Utilities 4.75%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
NVEC icon
1
NVE Corp
NVEC
$504M
$25M 10.44%
449,441
+1,100
+0.2% +$58.8K
2013 Q2
4 quarters
ADEA icon
2
Adeia
ADEA
$2.38B
$23.9M 10.01%
4,098,495
-91,344
-2% -$538K
2013 Q2
4 quarters
DTSI
3
DELISTED
DTS, Inc.
DTSI
$21M 8.76%
1,138,426
+283,201
+33% +$5.18M
2013 Q2
4 quarters
MRCY icon
4
Mercury Systems
MRCY
$4.61B
$19.5M 8.17%
1,723,443
-6,571
-0.4% -$82K
2013 Q2
4 quarters
KMG
5
DELISTED
KMG Chemicals Inc
KMG
$19.3M 8.06%
1,072,952
+87,741
+9% +$1.43M
2013 Q2
4 quarters
DGI
6
DELISTED
DigitalGlobe Inc.
DGI
$18.3M 7.65%
658,343
+76,336
+13% +$2.28M
2013 Q2
4 quarters
RENT icon
7
DELISTED
RENTRAK CORP
RENT
$11.7M 4.87%
222,111
-16,723
-7% -$885K
2013 Q2
4 quarters
ACTG icon
8
Acacia Research
ACTG
$420M
$11.5M 4.8%
646,295
+19,000
+3% +$308K
2013 Q4
2 quarters
RLOC
9
DELISTED
REACHLOCAL INC COM STK (DE)
RLOC
$11.5M 4.79%
1,629,708
+751,552
+86% +$6.06M
2013 Q3
3 quarters
PCYO icon
10
Pure Cycle
PCYO
$270M
$11.4M 4.75%
1,678,743
+63,616
+4% +$363K
2013 Q2
4 quarters
PRGS icon
11
Progress Software
PRGS
$1.58B
$10.1M 4.21%
419,200
+124,685
+42% +$2.72M
2014 Q1
1 quarter
KFX
12
DELISTED
KOFAX LIMITED COM STK
KFX
$9.75M 4.07%
1,133,293
+1,086,793
+2,337% +$8.77M
2013 Q4
2 quarters
BRK.B icon
13
Berkshire Hathaway Class B
BRK.B
$1.13T
$7.8M 3.26%
61,643
-9,480
-13% -$1.2M
2013 Q2
4 quarters
CALD
14
DELISTED
Callidus Software, Inc.
CALD
$5.41M 2.26%
453,169
+22,466
+5% +$240K
2013 Q2
4 quarters
SRDX icon
15
DELISTED
Surmodics
SRDX
$5.3M 2.22%
247,607
+20,421
+9% +$437K
2013 Q2
4 quarters
CECO icon
16
Ceco Environmental
CECO
$3.65B
$5.21M 2.18%
333,878
+291,890
+695% +$4.47M
2014 Q1
1 quarter
SEAC
17
DELISTED
Seachange International Inc
SEAC
$4.55M 1.9%
28,373
+18,193
+179% +$3.34M
2014 Q1
1 quarter
RST
18
DELISTED
ROSETTA STONE INC
RST
$4M 1.67%
411,435
+387,421
+1,613% +$4.05M
2014 Q1
1 quarter
TTGT icon
19
TechTarget
TTGT
$278M
$3.42M 1.43%
+387,378
New +$2.85M
2014 Q2
0 quarters
DGI
20
PUT
DELISTED
DigitalGlobe Inc.
DGI
$2.54M 1.06%
+91,500
New +$2.74M
2014 Q2
0 quarters
OIG
21
DELISTED
Orbital Infrastructure Group, Inc. Common Stock
OIG
$2.46M 1.03%
7,338
+540
+8% +$189K
2013 Q4
2 quarters
DGI
22
CALL
DELISTED
DigitalGlobe Inc.
DGI
$2.22M 0.93%
+80,000
New +$2.39M
2014 Q2
0 quarters
AVG
23
DELISTED
AVG Technologies N.V.
AVG
$2.09M 0.87%
+103,762
New +$2.04M
2014 Q2
0 quarters
FARM icon
24
DELISTED
Farmer Brothers
FARM
$752K 0.31%
+34,809
New +$699K
2014 Q2
0 quarters
YUME
25
DELISTED
YuMe, Inc.
YUME
$685K 0.29%
+116,004
New +$705K
2014 Q2
0 quarters
1
2

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Trigran Investments's Q2 2014 Portfolio in Review

As of Q2 2014, Trigran Investments held 31 positions worth $239M, up 4.9% from $228M the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Trigran Investments deployed $18M of net new capital in Q2 2014, opening 6 new positions and adding to 15 existing holdings. Its largest new stake was TechTarget: 387,378 shares worth $3.42M.

By sector, the portfolio is most concentrated in Technology at 50% of assets, up from 45% a quarter earlier, followed by Miscellaneous and Industrials.

On the sell side, the largest reduction was Berkshire Hathaway Class B, an estimated $1.2M trimmed.

  • Trigran Investments's largest Q2 2014 buy was TechTarget: 387,378 shares worth $3.42M.
  • Trigran Investments added most to KOFAX LIMITED COM STK in Q2 2014, an estimated $8.77M increase.
  • Trigran Investments's biggest Q2 2014 reduction was Berkshire Hathaway Class B, cutting an estimated $1.2M.
  • Trigran Investments fully exited Liquidity Services in Q2 2014, selling an estimated $20.7M.
  • Trigran Investments's ten largest holdings make up 72% of its $239M portfolio in Q2 2014.
  • Trigran Investments opened 6 new positions and closed 6 in Q2 2014.
  • Trigran Investments's portfolio value rose 4.9% quarter-over-quarter to $239M.

Based on Trigran Investments's 13F filing for Q2 2014, filed 12 Aug 2014.