Granahan Investment Management
Granahan Investment Management Focused Growth Strategy
Jun 2026 → Jun 2026
Our archive holds 1 letter from this strategy, behind 4 investment theses and positions in 20 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year — follow all of Granahan Investment Management for every strategy.
What it bought and sold
Second, we shifted some capital to other AI beneficiaries where we believe meaningful upside remains underpriced (e.g., Silicon Motion (SIMO) and Generac (GNRC).
We exited several positions including Credo Technology (CRDO), Semtech (SMTC), Nova Limited (NVMI), Universal Technical Institute (UTI) and Comfort Systems (FIX), entirely,
- TrimmedTTM TechnologiesJun 2026
We have cut the position to a below average size.
and trimmed others, such as Modine (MOD), Forgent Power Solutions (FPS), Onto Innovation (ONTO), TTM Technologies (TTMI), and Carpenter Technology Corp (CRS).
These companies can largely be thought of as "picks and shovels" to the industry and include such names as Repligen (RGEN), Twist Bioscience (TWST), and GRAIL (GRAL).
These companies can largely be thought of as "picks and shovels" to the industry and include such names as Repligen (RGEN), Twist Bioscience (TWST), and GRAIL (GRAL).
- ExitedSemtechJun 2026
We exited several positions including Credo Technology (CRDO), Semtech (SMTC), Nova Limited (NVMI), Universal Technical Institute (UTI) and Comfort Systems (FIX), entirely,
and trimmed others, such as Modine (MOD), Forgent Power Solutions (FPS), Onto Innovation (ONTO), TTM Technologies (TTMI), and Carpenter Technology Corp (CRS).
We exited several positions including Credo Technology (CRDO), Semtech (SMTC), Nova Limited (NVMI), Universal Technical Institute (UTI) and Comfort Systems (FIX), entirely,
While we have trimmed our position, Porch ended the quarter as our largest holding.
Second, we shifted some capital to other AI beneficiaries where we believe meaningful upside remains underpriced (e.g., Silicon Motion (SIMO) and Generac (GNRC).
We added to the stock on weakness and Kura remains an average-sized holding.
We exited several positions including Credo Technology (CRDO), Semtech (SMTC), Nova Limited (NVMI), Universal Technical Institute (UTI) and Comfort Systems (FIX), entirely,
and trimmed others, such as Modine (MOD), Forgent Power Solutions (FPS), Onto Innovation (ONTO), TTM Technologies (TTMI), and Carpenter Technology Corp (CRS).
- New positionNeutron Holdings IncJun 2026
First, as noted above, we bumped up or initiated positions in stocks in bucket #2 (AI Insulated) such as Neutron Holdings Inc (LIME - i.e., Lime e-scooters and e-bikes).
We have added to the position and QXO represents an average sized holding.
We started the position at the company’s February IPO and added to it in the months that followed.
These companies can largely be thought of as "picks and shovels" to the industry and include such names as Repligen (RGEN), Twist Bioscience (TWST), and GRAIL (GRAL).
We exited several positions including Credo Technology (CRDO), Semtech (SMTC), Nova Limited (NVMI), Universal Technical Institute (UTI) and Comfort Systems (FIX), entirely,
Also held
Its investment theses
- FTAI AviationJun 2026FTAI Aviation sells and leases engine modules and is building a differentiated maintenance franchise with attractive growth opportunities.
- RepligenJun 2026Repligen is a biotech tools company positioned to benefit as AI accelerates broader biotech discovery and workflows.
- Twist BioscienceJun 2026Twist Bioscience is a biotech tools provider positioned to benefit from AI-driven tailwinds in the sector.
- GRAILJun 2026GRAIL is viewed as a biotech picks-and-shovels beneficiary of AI-driven progress in the sector.