13F
中
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AWM Investment Company, Inc.

13F equity value
$903M
Positions
98
Top 10 concentration
41.2%
Quarters / total new picks
27 / 85
13F equity value over time
$0M$533M$1B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 27 quarters, returned -1.1% per quarter — versus +3.0% per quarter from simply owning every 13F stock. It beat that baseline in only 37.0% of quarters (excess t = -1.11, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-6.5%
t-stat
-1.11
Quarterly win rate
37%
Annualized excess
-26.1%
$1 → follow vs universe
$0.32 vs $1.96
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920181231: universe 0.94920190630: universe 1.02020191231: universe 0.82320200331: universe 0.99220200630: universe 1.09520200930: universe 1.34420201231: universe 1.40520210331: universe 1.41720210630: universe 1.53120211231: universe 1.30320220331: universe 1.39920220630: universe 1.29620221231: universe 1.20320230331: universe 1.26820230630: universe 1.22220230930: universe 1.38820231231: universe 1.45020240331: universe 1.48220240630: universe 1.61720240930: universe 1.60320241231: universe 1.49620250331: universe 1.63120250630: universe 1.68220250930: universe 1.89220251231: universe 1.957 20180331: follow 0.97420180630: follow 0.85820181231: follow 0.67120190630: follow 0.40920191231: follow 0.28720200331: follow 0.41520200630: follow 0.34520200930: follow 0.42420201231: follow 0.32120210331: follow 0.30420210630: follow 0.39620211231: follow 0.44920220331: follow 0.55720220630: follow 0.34320221231: follow 0.20020230331: follow 0.18320230630: follow 0.14620230930: follow 0.18720231231: follow 0.26920240331: follow 0.29720240630: follow 0.30220240930: follow 0.28720241231: follow 0.25620250331: follow 0.20920250630: follow 0.25920250930: follow 0.27720251231: follow 0.317 0.13 1.12 2.11 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 98 · 2026 Q1

Ticker Value Weight QoQ
AEHR $59M
6.5%
ADD
LASR $58M
6.5%
TRIM
VICR $46M
5.1%
TRIM
BKSY $43M
4.8%
HOLD
GILT $35M
3.8%
TRIM
MASS $32M
3.5%
HOLD
AMSC $27M
3.0%
ADD
KOPN $27M
2.9%
HOLD
AVAV $24M
2.6%
ADD
PI $21M
2.4%
ADD
LPTH $20M
2.3%
HOLD
DFTX $20M
2.3%
TRIM
TALK $20M
2.2%
TRIM
VELO $19M
2.1%
TRIM
MRAM $18M
2.0%
TRIM
ARLO $18M
2.0%
ADD
BFLY $18M
2.0%
ADD
UTI $18M
1.9%
ADD
CEVA $16M
1.8%
ADD
AIOT $14M
1.6%
HOLD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

AQSTAVRCTMXCYRXDMACLYTSOUST

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.