
What smart money is saying about Graham Corp.
2 funds in our archive have pitched Graham Corp. — most recently Conestoga Capital Advisors Small Cap, SMid Cap, and Micro Cap Strategies in September 2026.
Graham Corporation, founded in 1936 and based in Batavia, New York, is an engineering and manufacturing company that, along with its subsidiaries, specializes in creating advanced fluid, power, heat transfer, and vacuum equipment. This specialized machinery serves a broad spectrum of critical industries, including chemical and petrochemical processing, defense, aerospace, petroleum refining, cryogenic applications, and energy. The company's diverse product range includes: Power Generation Solutions: Such as ejectors and surface condensers for power plants, as well as turbines, generators, compressors, and pumps. Defense and Space Technologies: Providing torpedo ejection and power systems that integrate turbines, alternators, regulators, pumps, and blowers; also supplying rocket propulsion systems like turbopumps and fuel pumps. Thermal Management and Life Support Systems: Offering pumps, blowers, and electronics for thermal control, cooling systems featuring pumps, compressors, fans, and blowers, and life support equipment comprising fans, pumps, and blowers. Heat Transfer and Vacuum Equipment: Including ejectors, process and surface condensers, liquid ring pumps, heat exchangers, nozzles, and turbomachinery products. Beyond manufacturing, Graham Corporation also provides comprehensive servicing and supplies spare parts for its equipment. The company distributes its products directly across a global network, with operations in the United States, Canada, the Middle East, Asia, and South America, among other international regions.
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Position history
Between Q4 2024 and Q3 2026, 4 fund letters reported a position in Graham Corp., with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 0 | 1 |
| Q2 2026 | 1 | 0 | 0 | 0 |
| Q1 2026 | 0 | 0 | 0 | 1 |
| Q4 2024 | 1 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 4 positions
- September 2026
“We remain encouraged by the visibility provided by that backlog and the opportunity for recent capacity and automation investments to support continued growth and margin expansion.”
Graham Corp. - September 2026
“Orion Group’s profitability was affected by marine-project startup delays and lower equipment utilization, while Graham experienced longer decision cycles for large energy and process projects due to geopolitical uncertainty. We maintain the Fund’s allocation in both companies as we believe the current risk/reward tradeoff is favorable.”
Graham Corp. - June 2026
“Holdings in the industrials sector drove performance, led by machinery companies Graham Corporation, L.B. Foster and Timken, aerospace and defense businesses Moog and Park Aerospace, and construction and engineering company Orion Group.”
Graham Corp. - December 2024
“Other top Q4 contributors included Centrus Energy, Graham Corp and Cal-Maine Foods.”
Graham Corp.
Fund coverage · 2 theses
Graham Corp. makes highly engineered equipment for defense, space, and energy, supported by record backlog and investment-led margin expansion potential.
Read the full thesis- Conestoga Capital AdvisorsMarch 2026
Graham is a mission-critical systems company benefiting from defense demand, backlog growth, and profitability improvement.
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