AWM Investment Company, Inc.

NEW YORK, NY · CIK 1535264 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 1991 · corporation

Assets managed$1.3bn
Staff14 · 8 in investment roles
Main clients (by assets)Private funds 100%
Private funds8 (6 hedge) · $1.3bn gross assets
Form ADV · 2026-03-31SEC adviser record

Legal entityAWM INVESTMENT COMPANY, INC. (US)

$1.2bn reported value +27.6% vs Q1 2026

106positions

37.3%in top 10

21 new 26 added 31 reduced 13 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NLIGHT INC COM LASR	LASR	939,011	$65.4m5.67%	5.67%	Reduced -84.7k	-84,728 -8.3%
2	VICOR CORP COM VICR	VICR	148,981	$56.6m4.91%	4.91%	Reduced -139.2k	-139,199 -48.3%
3	908 DEVICES INC COM MASS	MASS	4,879,773	$42.5m3.68%	3.68%	Reduced -320.2k	-320,151 -6.2%
4	LIGHTPATH TECHNOLOGIES INC COM CL A LPTH	LPTH	2,537,522	$41.5m3.60%	3.60%	Added +499.9k	+499,912 24.5%
5	AMERICAN SUPERCONDUCTOR CORP SHS NEW AMSC	AMSC	951,604	$39.5m3.43%	3.43%	Added +150.0k	+150,000 18.7%
6	CEVA INC COM CEVA	CEVA	799,806	$37.7m3.27%	3.27%	Reduced -65.0k	-65,000 -7.5%
7	BUTTERFLY NETWORK INC COM CL A BFLY	BFLY	4,430,593	$37.3m3.24%	3.24%	Unchanged
8	DEFINIUM THERAPEUTICS INC COM SHS DFTX	DFTX	784,800	$36.9m3.20%	3.20%	Reduced -292.1k	-292,093 -27.1%
9	AEHR TEST SYS COM AEHR	AEHR	374,808	$36.0m3.12%	3.12%	Reduced -1.2m	-1,219,163 -76.5%
10	KOPIN CORP COM KOPN	KOPN	8,024,062	$35.9m3.12%	3.12%	Reduced -3.8m	-3,790,750 -32.1%
11	BLACKSKY TECHNOLOGY INC CL A NEW BKSY	BKSY	1,200,000	$33.5m2.91%	2.91%	Reduced -525.6k	-525,610 -30.5%
12	BOOST RUN INC ORD SHS CL A BRUN	BRUN	813,739	$31.6m2.74%	2.74%	New
13	IMPINJ INC COM PI	PI	207,018	$29.7m2.57%	2.57%	Unchanged
14	AEROVIRONMENT INC COM AVAV	AVAV	146,908	$24.3m2.10%	2.10%	Added +16.2k	+16,250 12.4%
15	VELO3D INC COM NEW VELO	VELO	1,322,066	$23.2m2.01%	2.01%	Reduced -656.2k	-656,216 -33.2%
16	BACKBLAZE INC COM CL A BLZE	BLZE	1,400,166	$22.2m1.93%	1.93%	Unchanged
17	THE REALREAL INC COM REAL	REAL	1,803,647	$21.3m1.85%	1.85%	Added +319.8k	+319,800 21.6%
18	UNIVERSAL TECHNICAL INST INC COM UTI	UTI	489,098	$20.9m1.82%	1.82%	Unchanged
19	TALKSPACE INC COM TALK	TALK	3,826,892	$19.9m1.73%	1.73%	Unchanged
20	ARLO TECHNOLOGIES INC COM ARLO	ARLO	1,466,009	$19.8m1.72%	1.72%	Added +200.9k	+200,900 15.9%
21	EVERSPIN TECHNOLOGIES INC COM MRAM	MRAM	750,000	$18.1m1.57%	1.57%	Reduced -1.3m	-1,327,241 -63.9%
22	INSIGHT MOLECULAR DIA INC COM NEW IMDX	IMDX	2,836,692	$16.7m1.45%	1.45%	Added +30.4k	+30,436 1.1%
23	AMTECH SYS INC COM PAR $0.01N ASYS	ASYS	690,000	$15.9m1.38%	1.38%	New
24	BLADE AIR MOBILITY INC CL A COM SRTA	SRTA	2,821,468	$14.9m1.29%	1.29%	Unchanged
25	POWERFLEET INC COM AIOT	AIOT	3,840,463	$14.7m1.28%	1.28%	Reduced -861.0k	-861,043 -18.3%
26	GILAT SATELLITE NETWORKS LTD SHS NEW GILT	GILT	1,036,181	$13.8m1.20%	1.20%	Reduced -1.3m	-1,266,586 -55.0%
27	RADCOM LTD SHS NEW RDCM	RDCM	951,796	$13.4m1.16%	1.16%	Reduced -39.5k	-39,465 -4.0%
28	FENNEC PHARMACEUTICALS INC COM FENC	FENC	1,160,296	$12.5m1.08%	1.08%	Added +440.2k	+440,161 61.1%
29	GALAXY DIGITAL INC. CL A GLXY	GLXY	447,000	$12.2m1.06%	1.06%	Added +2.0k	+2,000 0.5%
30	ALPHA COGNITION INC COM NEW ACOG	ACOG	1,672,168	$12.1m1.05%	1.05%	Unchanged
31	BRAZIL POTASH CORP COMMON SHARES GRO	GRO	5,000,000	$10.8m0.93%	0.93%	Added +2.8m	+2,771,400 124.4%
32	PALVELLA THERAPEUTICS INC NE COM PVLA	PVLA	69,416	$10.6m0.92%	0.92%	Unchanged
33	LOVESAC COMPANY COM LOVE	LOVE	610,402	$10.2m0.88%	0.88%	Added +110.4k	+110,400 22.1%
34	OUSTER INC COM NEW OUST	OUST	157,435	$9.8m0.85%	0.85%	Reduced -28.6k	-28,565 -15.4%
35	ASP ISOTOPES INC COM ASPI	ASPI	1,581,490	$9.8m0.85%	0.85%	Reduced -543.0k	-543,006 -25.6%
36	SOPHIA GENETICS SA ORDINARY SHARES SOPH	SOPH	1,700,000	$9.8m0.85%	0.85%	New
37	GENASYS INC COM GNSS	GNSS	5,649,544	$9.6m0.83%	0.83%	Unchanged
38	RED CAT HLDGS INC COM RCAT	RCAT	874,460	$9.3m0.81%	0.81%	Added +500.0k	+500,000 133.5%
39	ABEONA THERAPEUTICS INC COM NEW ABEO	ABEO	1,486,130	$9.2m0.80%	0.80%	Added +683.0k	+683,000 85.0%
40	SCHMID GROUP N.V. EURO SHS CL A SHMD	SHMD	1,388,976	$8.7m0.75%	0.75%	New
41	NATURAL GAS SVCS GROUP INC COM NGS	NGS	189,732	$8.2m0.71%	0.71%	Reduced -25.0k	-25,044 -11.7%
42	Spruce Biosciences, Inc. COM COM		146,988	$7.9m0.69%	0.69%	New
43	TIGO ENERGY INC COM TYGO	TYGO	3,347,933	$7.8m0.68%	0.68%	Added +1.2m	+1,197,003 55.6%
44	CITI TRENDS INC COM CTRN	CTRN	134,127	$7.8m0.67%	0.67%	Reduced -32.0k	-32,000 -19.3%
45	SPIRE GLOBAL INC COM CL A NEW SPIR	SPIR	413,522	$7.7m0.67%	0.67%	Reduced -15.3k	-15,291 -3.6%
46	LANTRONIX INC COM NEW LTRX	LTRX	1,250,000	$7.3m0.64%	0.64%	New
47	IDEAL PWR INC COM NEW IPWR	IPWR	1,346,244	$7.2m0.63%	0.63%	Added +149.4k	+149,395 12.5%
48	OWLET INC CL A NEW OWLT	OWLT	1,225,353	$7.0m0.61%	0.61%	Reduced -753.1k	-753,117 -38.1%
49	ELMET GROUP CO (THE) COMMON STOCK ELMT	ELMT	344,853	$6.8m0.59%	0.59%	New
50	MAYVILLE ENGR CO INC COM MEC	MEC	180,000	$6.7m0.59%	0.59%	New
51	LIFEWAY FOODS INC COM LWAY	LWAY	223,000	$6.7m0.58%	0.58%	New
52	PAYSIGN INC COM PAYS	PAYS	800,965	$6.6m0.57%	0.57%	Added +415.0k	+415,000 107.5%
53	PROGYNY INC COM PGNY	PGNY	220,000	$6.3m0.55%	0.55%	Unchanged
54	DESTINATION XL GROUP INC COM DXLG	DXLG	9,399,297	$6.3m0.55%	0.55%	Unchanged
55	NEXTDOOR HOLDINGS INC COM CL A NXDR	NXDR	2,655,204	$6.0m0.52%	0.52%	Added +501.4k	+501,366 23.3%
56	RANI THERAPEUTICS HLDGS INC COM CL A RANI	RANI	7,500,000	$5.7m0.49%	0.49%	Added +1.0m	+1,000,000 15.4%
57	ALLOT LTD SHS ALLT	ALLT	624,700	$5.5m0.48%	0.48%	Unchanged
58	RESERVOIR MEDIA INC COM RSVR	RSVR	545,453	$5.4m0.47%	0.47%	Reduced -6.1k	-6,141 -1.1%
59	NEOVOLTA INC COM NEOV	NEOV	1,645,557	$5.2m0.45%	0.45%	New
60	GAMBLING COM GROUP LIMITED ORDINARY SHARES GRSD	GRSD	2,667,343	$5.1m0.44%	0.44%	Added +180.9k	+180,866 7.3%
61	FORTE BIOSCIENCES INC COM NEW FBRX	FBRX	222,500	$4.7m0.41%	0.41%	Added +22.5k	+22,500 11.2%
62	GROWGENERATION CORP COM GRWG	GRWG	3,098,410	$4.6m0.40%	0.40%	Reduced -282.4k	-282,374 -8.3%
63	ARBE ROBOTICS LTD ORDINARY SHARES ARBE	ARBE	5,506,444	$4.6m0.40%	0.40%	Reduced -395.5k	-395,453 -6.7%
64	SANUWAVE HEALTH INC COM SNWV	SNWV	454,550	$4.5m0.39%	0.39%	Unchanged
65	ORTHOPEDIATRICS CORP COM KIDS	KIDS	237,169	$4.5m0.39%	0.39%	Unchanged
66	5E ADVANCED MATERIALS INC COM NEW FEAM	FEAM	3,126,384	$4.3m0.38%	0.38%	Reduced -123.6k	-123,616 -3.8%
67	ELEDON PHARMACEUTICALS INC COM ELDN	ELDN	1,100,000	$4.3m0.38%	0.38%	Unchanged
68	AURA BIOSCIENCES INC COM AURA	AURA	591,285	$4.2m0.36%	0.36%	New
69	OOMA INC COM OOMA	OOMA	173,820	$3.3m0.29%	0.29%	Reduced -237.3k	-237,288 -57.7%
70	CRINETICS PHARMACEUTICALS IN COM CRNX	CRNX	85,000	$3.2m0.28%	0.28%	Reduced -15.0k	-15,000 -15.0%
71	OPKO HEALTH INC COM OPK	OPK	2,110,000	$3.2m0.27%	0.27%	Added +10.0k	+10,000 0.5%
72	AELUMA INC COM ALMU	ALMU	131,404	$2.9m0.25%	0.25%	Reduced -68.6k	-68,596 -34.3%
73	AMERICAN PUB ED INC COM APEI	APEI	53,500	$2.9m0.25%	0.25%	Unchanged
74	HIPPO HLDGS INC COM NEW HIPO	HIPO	100,000	$2.8m0.25%	0.25%	Unchanged
75	FAETH THERAPEUTICS INC COM NEW FTH	FTH	111,343	$2.8m0.24%	0.24%	New
76	NKARTA INC COM NKTX	NKTX	906,000	$2.6m0.22%	0.22%	Unchanged
77	XTANT MED HLDGS INC COM NEW XTNT	XTNT	5,976,910	$2.5m0.22%	0.22%	Unchanged
78	BENITEC BIOPHARMA INC COM NEW BNTC	BNTC	187,977	$2.5m0.22%	0.22%	Unchanged
79	ARGENX SE SPONSORED ADR ARGX	ARGX	2,500	$2.3m0.20%	0.20%	Reduced -1.2k	-1,250 -33.3%
80	ALTO NEUROSCIENCE INC COM SHS ANRO	ANRO	80,000	$2.1m0.18%	0.18%	Reduced -90.0k	-90,000 -52.9%
81	LIBERTY DEFENSE HLDGS LTD COM NEW DETX	DETX	514,300	$2.1m0.18%	0.18%	New
82	MODULAR MED INC COM NEW MODD	MODD	441,095	$2.0m0.17%	0.17%	Added +74.4k	+74,429 20.3%
83	AQUESTIVE THERAPEUTICS INC COM AQST	AQST	475,400	$2.0m0.17%	0.17%	Added +205.0k	+205,000 75.8%
84	ABACUS GLOBAL MGMT INC CL A ABX	ABX	177,772	$1.9m0.17%	0.17%	Unchanged
85	BLACK DIAMOND THERAPEUTICS I COM BDTX	BDTX	1,000,000	$1.9m0.16%	0.16%	Added +475.0k	+475,000 90.5%
86	DHI GROUP INC COM DHX	DHX	497,698	$1.8m0.16%	0.16%	Unchanged
87	ANGEL STUDIOS INC CL A COM ANGX	ANGX	458,379	$1.7m0.15%	0.15%	New
88	SUNATION ENERGY INC COM NEW SUNE	SUNE	820,000	$1.6m0.14%	0.14%	New
89	SAB BIOTHERAPEUTICS INC COM NEW SABS	SABS	375,000	$1.5m0.13%	0.13%	Reduced -25.0k	-25,000 -6.2%
90	NEKTAR THERAPEUTICS COM NEW NKTR	NKTR	20,925	$1.5m0.13%	0.13%	Added +925	+925 4.6%
91	ATRIUM THERAPEUTICS INC COM RNA	RNA	107,500	$1.4m0.13%	0.13%	Added +57.5k	+57,500 115.0%
92	SATELLOS BIOSCIENCE INC COM MSLE	MSLE	180,000	$1.4m0.12%	0.12%	New
93	OPTIMIZERX CORP COM NEW OPRX	OPRX	240,421	$1.4m0.12%	0.12%	Added +10.0k	+10,000 4.3%
94	AYTU BIOPHARMA INC COM AYTU	AYTU	619,574	$1.3m0.12%	0.12%	Unchanged
95	ANTERIS TECHNOLOGIES GLOBAL COM AVR	AVR	115,000	$1.1m0.10%	0.10%	Unchanged
96	PEPGEN INC COM PEPG	PEPG	600,000	$1.1m0.09%	0.09%	Reduced -1.2m	-1,230,925 -67.2%
97	CRYOPORT INC COM PAR $0.001 CYRX	CYRX	61,111	$959.4k0.08%	0.08%	Unchanged
98	OPUS GENETICS INC COM IRD	IRD	232,590	$955.9k0.08%	0.08%	New
99	Satellos Bioscience, Inc. (Can COM ICO	ICO	125,000	$938.8k0.08%	0.08%	Reduced -90.0k	-90,000 -41.9%
100	CREATIVE REALITIES INC COM CREX	CREX	200,000	$826.0k0.07%	0.07%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
MDXHEALTH SA MDXH	MDXH	5,221,282	$12.0m5.2m shares
TRISALUS LIFE SCIENCES INC TLSI	TLSI	2,079,105	$8.3m2.1m shares
WILLOW LANE ACQUISITION CORP WLAC	WLAC	779,299	$8.3m779.3k shares
THE REAL BROKERAGE INC		2,255,940	$5.6m2.3m shares
BEELINE HOLDINGS INC BLNE	BLNE	1,848,641	$4.3m1.8m shares
AVIAT NETWORKS INC AVNW	AVNW	165,723	$3.7m165.7k shares
GAIA INC NEW GAIA	GAIA	1,252,090	$3.5m1.3m shares
LSI INDS INC OHIO LYTS	LYTS	176,097	$3.3m176.1k shares
INFUSYSTEM HLDGS INC INFU	INFU	201,077	$1.9m201.1k shares
NEXTCURE INC NXTC	NXTC	117,371	$1.2m117.4k shares
CENTURY CASINOS INC CNTY	CNTY	639,834	$889.4k639.8k shares
ULTRA CLEAN HLDGS INC UCTT	UCTT	11,442	$711.5k11.4k shares
MaxCyte, Inc.		500,000	$351.2k500.0k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
SUNATION ENERGY INC SUNE · 13G · filed 2026-07-08	SUNE	19.9%≈ $1.9m	new	13G	2026-07-08
DESTINATION XL GROUP INC DXLG · 13G · filed 2025-02-14	DXLG	17.3%≈ $6.3m		13G	2025-02-14
908 DEVICES INC MASS · 13G · filed 2026-08-14	MASS	11.8%≈ $42.5m	-2.9 pts	13G	2026-08-14
INSIGHT MOLECULAR DIA INC IMDX · 13G · filed 2025-05-09	IMDX	10.0%≈ $16.9m	+2.5 pts	13G	2025-05-09
BURCON NUTRASCIENCE CORP 13G · filed 2025-05-08		10.0%	+4.0 pts	13G	2025-05-08
LIBERTY DEFENSE HLDGS LTD DETX · 13G · filed 2026-08-14	DETX	9.9%≈ $2.3m	new	13G	2026-08-14
BRAZIL POTASH CORP GRO · 13G · filed 2026-08-14	GRO	9.9%≈ $12.6m	+2.4 pts	13G	2026-08-14
MODULAR MED INC MODD · 13G · filed 2026-05-04	MODD	9.9%≈ $2.4m	new	13G	2026-05-04
RANI THERAPEUTICS HLDGS INC RANI · 13G · filed 2026-02-13	RANI	9.9%≈ $7.4m	new	13G	2026-02-13
ALPHA COGNITION INC ACOG · 13G · filed 2026-02-13	ACOG	9.9%≈ $15.7m	+3.4 pts	13G	2026-02-13
5E ADVANCED MATERIALS INC FEAM · 13G · filed 2026-05-04	FEAM	7.8%≈ $4.5m	new	13G	2026-05-04
GAMBLING COM GROUP LIMITED GRSD · 13G · filed 2026-05-04	GRSD	7.1%≈ $4.7m	new	13G	2026-05-04
RADCOM LTD RDCM · 13G · filed 2025-02-14	RDCM	6.4%≈ $14.0m		13G	2025-02-14
WILLOW LANE ACQUISITION CORP WLAC · 13G · filed 2026-05-04	WLAC	6.2%	new	13G	2026-05-04
ELECTROCORE INC ECOR · 13G · filed 2025-11-13	ECOR	6.0%≈ $4.4m		13G	2025-11-13
SANUWAVE HEALTH INC SNWV · 13G · filed 2025-05-09	SNWV	6.0%≈ $5.1m	-1.1 pts	13G	2025-05-09
ASP ISOTOPES INC ASPI · 13G · filed 2026-02-13	ASPI	5.8%≈ $3.9m	-1.1 pts	13G	2026-02-13
GROWGENERATION CORP GRWG · 13G · filed 2025-05-09	GRWG	5.5%≈ $4.9m	new	13G	2025-05-09
SPRUCE BIOSCIENCES INC SPRB · 13G · filed 2026-08-14	SPRB	5.1%≈ $7.9m	new	13G	2026-08-14

Trades reported as a company insider since 1 Apr 2026

Owning 10% or more of a company, or having someone on its board, makes this manager an insider there: it reports its trades in that company's shares on Form 4 within two business days. Open-market and private purchases and sales only.

Date	Company	Ticker	Trade	Shares	Value	Their holding
2026-09-24	908 DEVICES INC 10% owner · By Limited Partnership	MASS	Sold	24,000	$272.6k24.0k shares	-0%
2026-09-23	908 DEVICES INC 10% owner · By Limited Partnershp	MASS	Sold	1,000	$11.2k1.0k shares	-<1%
2026-08-21	908 DEVICES INC 10% owner · By Limited Partnership	MASS	Sold	41,578	$441.1k41.6k shares	-1%
2026-08-20	908 DEVICES INC 10% owner · By Limited Partnership	MASS	Sold	8,422	$88.6k8.4k shares	-<1%
2026-08-04	908 DEVICES INC 10% owner · By Limited Partnership	MASS	Sold	50,000	$418.0k50.0k shares	-1%
2026-06-23	908 DEVICES INC 10% owner · By Limited Partnerships	MASS	Sold	3,050	$27.4k3.0k shares	-<1%
2026-06-22	908 DEVICES INC 10% owner · By Limited Partnerships	MASS	Sold	4,668	$42.0k4.7k shares	-<1%
2026-06-04	908 DEVICES INC 10% owner · By Limited Partnership	MASS	Sold	39,782	$356.8k39.8k shares	-1%
2026-06-02	908 DEVICES INC 10% owner · By Limited Partnership	MASS	Sold	2,500	$22.4k2.5k shares	-<1%
2026-05-28	908 DEVICES INC 10% owner · By Limited Partnership	MASS	Sold	170,442	$1.5m170.4k shares	-3%
2026-05-27	908 DEVICES INC 10% owner · By Limited Partnership	MASS	Sold	16,500	$136.1k16.5k shares	-<1%
2026-05-11	908 DEVICES INC 10% owner · By Limited Partnership	MASS	Sold	5,000	$41.2k5.0k shares	-<1%
2026-05-08	908 DEVICES INC 10% owner · By Limited Partnership	MASS	Sold	3,025	$24.8k3.0k shares	-<1%
2026-05-07	908 DEVICES INC 10% owner · By Limited Partnership	MASS	Sold	12,819	$105.1k12.8k shares	-<1%
2026-05-06	908 DEVICES INC 10% owner · By Limited Partnership	MASS	Sold	62,365	$502.4k62.4k shares	-1%