# AWM Investment Company, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1535264. Source: https://holderbook.com/funds/1535264-awm-investment-company-inc/

- Reported value: $1.2B
- Positions: 106
- Weight of the ten largest: 37.3%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NLIGHT INC | [LASR](https://holderbook.com/stocks/LASR/) | $65.4M | 939,011 | 5.7% | 22 |
| VICOR CORP | [VICR](https://holderbook.com/stocks/VICR/) | $56.6M | 148,981 | 4.9% | 25 |
| 908 DEVICES INC | [MASS](https://holderbook.com/stocks/MASS/) | $42.5M | 4,879,773 | 3.7% | 12 |
| LIGHTPATH TECHNOLOGIES INC | [LPTH](https://holderbook.com/stocks/LPTH/) | $41.5M | 2,537,522 | 3.6% | 14 |
| AMERICAN SUPERCONDUCTOR CORP | [AMSC](https://holderbook.com/stocks/AMSC/) | $39.5M | 951,604 | 3.4% | 31 |
| CEVA INC | [CEVA](https://holderbook.com/stocks/CEVA/) | $37.7M | 799,806 | 3.3% | 31 |
| BUTTERFLY NETWORK INC | [BFLY](https://holderbook.com/stocks/BFLY/) | $37.3M | 4,430,593 | 3.2% | 4 |
| DEFINIUM THERAPEUTICS INC | [DFTX](https://holderbook.com/stocks/DFTX/) | $36.9M | 784,800 | 3.2% | 3 |
| AEHR TEST SYS | [AEHR](https://holderbook.com/stocks/AEHR/) | $36.0M | 374,808 | 3.1% | 31 |
| KOPIN CORP | [KOPN](https://holderbook.com/stocks/KOPN/) | $35.9M | 8,024,062 | 3.1% | 31 |
| BLACKSKY TECHNOLOGY INC | [BKSY](https://holderbook.com/stocks/BKSY/) | $33.5M | 1,200,000 | 2.9% | 8 |
| BOOST RUN INC | [BRUNW](https://holderbook.com/stocks/BRUNW/) | $31.6M | 813,739 | 2.7% | 1 |
| IMPINJ INC | [PI](https://holderbook.com/stocks/PI/) | $29.7M | 207,018 | 2.6% | 31 |
| AEROVIRONMENT INC | [AVAV](https://holderbook.com/stocks/AVAV/) | $24.3M | 146,908 | 2.1% | 19 |
| VELO3D INC | [VELO](https://holderbook.com/stocks/VELO/) | $23.2M | 1,322,066 | 2.0% | 4 |
| BACKBLAZE INC | [BLZE](https://holderbook.com/stocks/BLZE/) | $22.2M | 1,400,166 | 1.9% | 8 |
| THE REALREAL INC | [REAL](https://holderbook.com/stocks/REAL/) | $21.3M | 1,803,647 | 1.8% | 10 |
| UNIVERSAL TECHNICAL INST INC | [UTI](https://holderbook.com/stocks/UTI/) | $20.9M | 489,098 | 1.8% | 23 |
| TALKSPACE INC | [TALK](https://holderbook.com/stocks/TALK/) | $19.9M | 3,826,892 | 1.7% | 13 |
| ARLO TECHNOLOGIES INC | [ARLO](https://holderbook.com/stocks/ARLO/) | $19.8M | 1,466,009 | 1.7% | 8 |
| EVERSPIN TECHNOLOGIES INC | [MRAM](https://holderbook.com/stocks/MRAM/) | $18.1M | 750,000 | 1.6% | 31 |
| INSIGHT MOLECULAR DIA INC | [IMDX](https://holderbook.com/stocks/IMDX/) | $16.7M | 2,836,692 | 1.5% | 8 |
| AMTECH SYS INC | [ASYS](https://holderbook.com/stocks/ASYS/) | $15.9M | 690,000 | 1.4% | 1 |
| STRATA CRITICAL MEDICAL INC | [SRTA](https://holderbook.com/stocks/SRTA/) | $14.9M | 2,821,468 | 1.3% | 11 |
| POWERFLEET INC | [AIOT](https://holderbook.com/stocks/AIOT/) | $14.7M | 3,840,463 | 1.3% | 28 |
| GILAT SATELLITE NETWORKS LTD | [GILT](https://holderbook.com/stocks/GILT/) | $13.8M | 1,036,181 | 1.2% | 10 |
| RADCOM LTD | [RDCM](https://holderbook.com/stocks/RDCM/) | $13.4M | 951,796 | 1.2% | 31 |
| FENNEC PHARMACEUTICALS INC | [FENC](https://holderbook.com/stocks/FENC/) | $12.5M | 1,160,296 | 1.1% | 3 |
| GALAXY DIGITAL INC. | [GLXY](https://holderbook.com/stocks/GLXY/) | $12.2M | 447,000 | 1.1% | 4 |
| ALPHA COGNITION INC | [ACOG](https://holderbook.com/stocks/ACOG/) | $12.1M | 1,672,168 | 1.0% | 6 |
| BRAZIL POTASH CORP | [GRO](https://holderbook.com/stocks/GRO/) | $10.8M | 5,000,000 | 0.9% | 3 |
| PALVELLA THERAPEUTICS INC NE | [PVLA](https://holderbook.com/stocks/PVLA/) | $10.6M | 69,416 | 0.9% | 6 |
| LOVESAC CO | [LOVE](https://holderbook.com/stocks/LOVE/) | $10.2M | 610,402 | 0.9% | 31 |
| OUSTER INC | [OUST](https://holderbook.com/stocks/OUST/) | $9.8M | 157,435 | 0.9% | 2 |
| ASP ISOTOPES INC | [ASPI](https://holderbook.com/stocks/ASPI/) | $9.8M | 1,581,490 | 0.9% | 8 |
| SOPHIA GENETICS SA | [SOPH](https://holderbook.com/stocks/SOPH/) | $9.8M | 1,700,000 | 0.9% | 1 |
| GENASYS INC | [GNSS](https://holderbook.com/stocks/GNSS/) | $9.6M | 5,649,544 | 0.8% | 27 |
| RED CAT HLDGS INC | [RCAT](https://holderbook.com/stocks/RCAT/) | $9.3M | 874,460 | 0.8% | 11 |
| ABEONA THERAPEUTICS INC | [ABEO](https://holderbook.com/stocks/ABEO/) | $9.2M | 1,486,130 | 0.8% | 5 |
| SCHMID GROUP N.V. | [SHMD](https://holderbook.com/stocks/SHMD/) | $8.7M | 1,388,976 | 0.8% | 1 |
| NATURAL GAS SVCS GROUP INC | [NGS](https://holderbook.com/stocks/NGS/) | $8.2M | 189,732 | 0.7% | 25 |
|  | - | $7.9M | 146,988 | 0.7% | 1 |
| TIGO ENERGY INC | [TYGO](https://holderbook.com/stocks/TYGO/) | $7.8M | 3,347,933 | 0.7% | 3 |
| CITI TRENDS INC | [CTRN](https://holderbook.com/stocks/CTRN/) | $7.8M | 134,127 | 0.7% | 31 |
| SPIRE GLOBAL INC | [SPIR](https://holderbook.com/stocks/SPIR/) | $7.7M | 413,522 | 0.7% | 6 |
| LANTRONIX INC | [LTRX](https://holderbook.com/stocks/LTRX/) | $7.3M | 1,250,000 | 0.6% | 1 |
| IDEAL PWR INC | [IPWR](https://holderbook.com/stocks/IPWR/) | $7.2M | 1,346,244 | 0.6% | 28 |
| OWLET INC | [OWLT](https://holderbook.com/stocks/OWLT/) | $7.0M | 1,225,353 | 0.6% | 3 |
| ELMET GROUP CO (THE) | [ELMT](https://holderbook.com/stocks/ELMT/) | $6.8M | 344,853 | 0.6% | 1 |
| MAYVILLE ENGR CO INC | [MEC](https://holderbook.com/stocks/MEC/) | $6.7M | 180,000 | 0.6% | 1 |
| LIFEWAY FOODS INC | [LWAY](https://holderbook.com/stocks/LWAY/) | $6.7M | 223,000 | 0.6% | 1 |
| PAYSIGN INC | [PAYS](https://holderbook.com/stocks/PAYS/) | $6.6M | 800,965 | 0.6% | 4 |
| PROGYNY INC | [PGNY](https://holderbook.com/stocks/PGNY/) | $6.3M | 220,000 | 0.6% | 8 |
| DESTINATION XL GROUP INC | [DXLG](https://holderbook.com/stocks/DXLG/) | $6.3M | 9,399,297 | 0.5% | 20 |
| NEXTDOOR HOLDINGS INC | [NXDR](https://holderbook.com/stocks/NXDR/) | $6.0M | 2,655,204 | 0.5% | 3 |
| RANI THERAPEUTICS HLDGS INC | [RANI](https://holderbook.com/stocks/RANI/) | $5.7M | 7,500,000 | 0.5% | 3 |
| ALLOT LTD | [ALLT](https://holderbook.com/stocks/ALLT/) | $5.5M | 624,700 | 0.5% | 4 |
| RESERVOIR MEDIA INC | [RSVR](https://holderbook.com/stocks/RSVR/) | $5.4M | 545,453 | 0.5% | 20 |
| NEOVOLTA INC | [NEOV](https://holderbook.com/stocks/NEOV/) | $5.2M | 1,645,557 | 0.4% | 1 |
| GAMBLING COM GROUP LIMITED | [GAMB](https://holderbook.com/stocks/GAMB/) | $5.1M | 2,667,343 | 0.4% | 8 |
| FORTE BIOSCIENCES INC | [FBRX](https://holderbook.com/stocks/FBRX/) | $4.7M | 222,500 | 0.4% | 4 |
| GROWGENERATION CORP | [GRWG](https://holderbook.com/stocks/GRWG/) | $4.6M | 3,098,410 | 0.4% | 13 |
| ARBE ROBOTICS LTD | [ARBE](https://holderbook.com/stocks/ARBE/) | $4.6M | 5,506,444 | 0.4% | 13 |
| SANUWAVE HEALTH INC | [SNWV](https://holderbook.com/stocks/SNWV/) | $4.5M | 454,550 | 0.4% | 6 |
| ORTHOPEDIATRICS CORP | [KIDS](https://holderbook.com/stocks/KIDS/) | $4.5M | 237,169 | 0.4% | 31 |
| 5E ADVANCED MATERIALS INC | [FEAM](https://holderbook.com/stocks/FEAM/) | $4.3M | 3,126,384 | 0.4% | 2 |
| ELEDON PHARMACEUTICALS INC | [ELDN](https://holderbook.com/stocks/ELDN/) | $4.3M | 1,100,000 | 0.4% | 3 |
| AURA BIOSCIENCES INC | [AURA](https://holderbook.com/stocks/AURA/) | $4.2M | 591,285 | 0.4% | 1 |
| OOMA INC | [OOMA](https://holderbook.com/stocks/OOMA/) | $3.3M | 173,820 | 0.3% | 31 |
| CRINETICS PHARMACEUTICALS IN | [CRNX](https://holderbook.com/stocks/CRNX/) | $3.2M | 85,000 | 0.3% | 12 |
| OPKO HEALTH INC | [OPK](https://holderbook.com/stocks/OPK/) | $3.2M | 2,110,000 | 0.3% | 25 |
| AELUMA INC | [ALMU](https://holderbook.com/stocks/ALMU/) | $2.9M | 131,404 | 0.3% | 4 |
| AMERICAN PUB ED INC | [APEI](https://holderbook.com/stocks/APEI/) | $2.9M | 53,500 | 0.2% | 22 |
| HIPPO HLDGS INC | [HIPO](https://holderbook.com/stocks/HIPO/) | $2.8M | 100,000 | 0.2% | 4 |
| FAETH THERAPEUTICS INC | [FTH](https://holderbook.com/stocks/FTH/) | $2.8M | 111,343 | 0.2% | 1 |
| NKARTA INC | [NKTX](https://holderbook.com/stocks/NKTX/) | $2.6M | 906,000 | 0.2% | 7 |
| XTANT MED HLDGS INC | [XTNT](https://holderbook.com/stocks/XTNT/) | $2.5M | 5,976,910 | 0.2% | 5 |
| BENITEC BIOPHARMA INC | [BNTC](https://holderbook.com/stocks/BNTC/) | $2.5M | 187,977 | 0.2% | 8 |
| ARGENX SE | [ARGX](https://holderbook.com/stocks/ARGX/) | $2.3M | 2,500 | 0.2% | 31 |
| ALTO NEUROSCIENCE INC | [ANRO](https://holderbook.com/stocks/ANRO/) | $2.1M | 80,000 | 0.2% | 10 |
| LIBERTY DEFENSE HLDGS LTD | [DETX](https://holderbook.com/stocks/DETX/) | $2.1M | 514,300 | 0.2% | 1 |
| MODULAR MED INC | [MODD](https://holderbook.com/stocks/MODD/) | $2.0M | 441,095 | 0.2% | 2 |
| AQUESTIVE THERAPEUTICS INC | [AQST](https://holderbook.com/stocks/AQST/) | $2.0M | 475,400 | 0.2% | 2 |
| ABACUS GLOBAL MGMT INC | [ABX](https://holderbook.com/stocks/ABX/) | $1.9M | 177,772 | 0.2% | 9 |
| BLACK DIAMOND THERAPEUTICS I | [BDTX](https://holderbook.com/stocks/BDTX/) | $1.9M | 1,000,000 | 0.2% | 6 |
| DHI GROUP INC | [DHX](https://holderbook.com/stocks/DHX/) | $1.8M | 497,698 | 0.2% | 21 |
| ANGEL STUDIOS INC | [ANGX](https://holderbook.com/stocks/ANGX/) | $1.7M | 458,379 | 0.1% | 1 |
| SUNATION ENERGY INC | [SUNE](https://holderbook.com/stocks/SUNE/) | $1.6M | 820,000 | 0.1% | 1 |
| SAB BIOTHERAPEUTICS INC | [SABS](https://holderbook.com/stocks/SABS/) | $1.5M | 375,000 | 0.1% | 4 |
| NEKTAR THERAPEUTICS | [NKTR](https://holderbook.com/stocks/NKTR/) | $1.5M | 20,925 | 0.1% | 4 |
| ATRIUM THERAPEUTICS INC | [RNA](https://holderbook.com/stocks/RNA/) | $1.4M | 107,500 | 0.1% | 2 |
| SATELLOS BIOSCIENCE INC | [MSLE](https://holderbook.com/stocks/MSLE/) | $1.4M | 180,000 | 0.1% | 1 |
| OPTIMIZERX CORP | [OPRX](https://holderbook.com/stocks/OPRX/) | $1.4M | 240,421 | 0.1% | 27 |
| AYTU BIOPHARMA INC | [AYTU](https://holderbook.com/stocks/AYTU/) | $1.3M | 619,574 | 0.1% | 5 |
| ANTERIS TECHNOLOGIES GLOBAL | [AVR](https://holderbook.com/stocks/AVR/) | $1.1M | 115,000 | 0.1% | 2 |
| PEPGEN INC | [PEPG](https://holderbook.com/stocks/PEPG/) | $1.1M | 600,000 | 0.1% | 4 |
| CRYOPORT INC | [CYRX](https://holderbook.com/stocks/CYRX/) | $959.4K | 61,111 | 0.1% | 2 |
| OPUS GENETICS INC | [IRD](https://holderbook.com/stocks/IRD/) | $955.9K | 232,590 | 0.1% | 1 |
| Satellos Bioscience, Inc. (Can | [MSCLF](https://holderbook.com/stocks/MSCLF/) | $938.8K | 125,000 | 0.1% | 2 |
| CREATIVE REALITIES INC | [CREX](https://holderbook.com/stocks/CREX/) | $826.0K | 200,000 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +47.7% | +14.8% | +32.9% | 99% |
| Q1 2026 | -4.5% | -4.6% | +0.2% | 98% |
| Q4 2025 | -7.1% | +2.4% | -9.5% | 100% |
| Q3 2025 | +29.9% | +7.8% | +22.0% | 96% |
| Q2 2025 | +23.5% | +10.5% | +13.0% | 99% |
| Q1 2025 | -20.6% | -4.6% | -16.1% | 98% |
| Q4 2024 | +9.9% | +2.1% | +7.7% | 100% |
| Q3 2024 | +16.3% | +5.4% | +10.9% | 91% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.2B | 106 |
| Q1 2026 | $903.4M | 98 |
| Q4 2025 | $1.0B | 102 |
| Q3 2025 | $1.1B | 102 |
| Q2 2025 | $891.7M | 94 |
| Q1 2025 | $726.0M | 95 |
| Q4 2024 | $820.9M | 87 |
| Q3 2024 | $825.4M | 98 |
| Q2 2024 | $740.2M | 99 |
| Q1 2024 | $763.6M | 115 |
| Q4 2023 | $760.2M | 110 |
| Q3 2023 | $677.5M | 108 |