Granahan Investment Management
Granahan Investment Management SMID Cap Select
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy, behind 3 investment theses and positions in 15 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year — follow all of Granahan Investment Management for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · GIM SMID Select Composite – Net
- YTD+48.4%index +7.3%
- 1Y+37.2%index +7.6%
- 5Y · /yr+2.9%index +3.5%
- 10Y · /yr+18.6%index +10.6%
Index: Russell 2500 Growth Index
| YTD | 1Y | 5Yper year | 10Yper year | |
|---|---|---|---|---|
| Granahan Investment Management SMID Cap Select | +48.4% | +37.2% | +2.9% | +18.6% |
| Russell 2500 Growth Index | +7.3% | +7.6% | +3.5% | +10.6% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
We viewed the weakness as a valuation disconnect rather than a deterioration in fundamentals and increased our position accordingly.
Dave represents another example of our willingness to add to high-conviction positions during periods of market weakness.
Also held
Its investment theses
- Porch GroupJun 2026Porch Group operates an insurance platform and proprietary residential property data business, with improved profitability, market share gains, and long-term earnings potential.
- FTAI Aviation Ltd.Jun 2026FTAI Aviation operates an engine leasing and repair platform, benefiting from aviation supply shortages, strong aftermarket demand, execution, and compounding capital returns.
- indie SemiconductorJun 2026indie Semiconductor supplies mixed-signal chips for software-defined vehicles, with strong design wins, backlog visibility, operating leverage, and above-market growth potential.