13F HOLDINGS REPORT
AWM Investment Company, Inc.
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0001535264-25-000059
Total Value
$1.07B
Positions
104
Other Managers
0
Confidential Omitted
No
Holdings (104)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Aehr Test Systems | AEHR | 1,566,771 | $47.2M | 4.42% |
| 2 | 908 Devices, Inc. | MASS | 5,199,924 | $45.6M | 4.27% |
| 3 | American Superconductor Corp | AMSC | 745,470 | $44.3M | 4.15% |
| 4 | BlackSky Technology, Inc. | BKSY-WT | 1,979,177 | $39.9M | 3.74% |
| 5 | Aerovironment, Inc. | AVAV | 113,893 | $35.9M | 3.36% |
| 6 | nLight, Inc. | LASR | 1,169,680 | $34.7M | 3.25% |
| 7 | ADMA Biologics, Inc. | ADMA | 2,200,000 | $32.3M | 3.02% |
| 8 | Impinj, Inc. | PI | 178,173 | $32.2M | 3.02% |
| 9 | Gilat Satellite Networks, Ltd. | GILT | 2,398,088 | $31.2M | 2.93% |
| 10 | ASP Isotopes, Inc. | ASPI | 2,958,596 | $28.5M | 2.67% |
| 11 | Backblaze, Inc. | BLZE | 3,064,526 | $28.4M | 2.67% |
| 12 | PowerFleet, Inc. | AIOT | 4,702,940 | $24.6M | 2.31% |
| 13 | MDxHealth, SA (Belgium) | MDXH | 5,221,282 | $24.3M | 2.28% |
| 14 | Kopin Corporation | KOPN | 9,474,487 | $23.0M | 2.16% |
| 15 | Everspin Technology, Inc. | MRAM | 2,126,241 | $19.8M | 1.86% |
| 16 | Natural Gas Services Group | 63886Q109 | 676,652 | $18.9M | 1.78% |
| 17 | CEVA, Inc. | CEVA | 667,162 | $17.6M | 1.65% |
| 18 | SANUWAVE Health, Inc. | SNWV | 454,550 | $17.0M | 1.60% |
| 19 | Vicor Corporation | VICR | 333,180 | $16.6M | 1.55% |
| 20 | The RealReal, Inc. | 88339P101 | 1,433,847 | $15.2M | 1.43% |
| 21 | RADCOM, Ltd. (Israel) | RDCM | 991,261 | $14.4M | 1.35% |
| 22 | Mind Medicine (MindMed) Inc. | 60255C885 | 1,215,662 | $14.3M | 1.34% |
| 23 | Strata Critical Medical, Inc. | SRTAW | 2,821,468 | $14.3M | 1.34% |
| 24 | Arlo Technologies, Inc. | ARLO | 837,609 | $14.2M | 1.33% |
| 25 | Universal Technical Institute | UTI | 434,098 | $14.1M | 1.32% |
| 26 | Genasys, Inc. (F4) | GNSS | 5,649,544 | $13.8M | 1.30% |
| 27 | Red Cat Holdings, Inc. | RCAT | 1,285,856 | $13.3M | 1.25% |
| 28 | The Lovesac Company | LOVE | 777,873 | $13.2M | 1.23% |
| 29 | Gambling.com Group Ltd. | GAMB | 1,529,915 | $12.5M | 1.17% |
| 30 | Destination XL Group, Inc. | DXLG | 9,399,297 | $12.3M | 1.15% |
| 31 | Bit Digital, Inc. | BTBT | 4,000,000 | $12.0M | 1.12% |
| 32 | LightPath Technologies, Inc. | LPTH | 1,447,610 | $11.5M | 1.08% |
| 33 | Gaia, Inc. | GAIA | 1,912,706 | $11.3M | 1.06% |
| 34 | WhiteFiber, Inc. | WYFI | 416,000 | $11.3M | 1.06% |
| 35 | Talkspace, Inc. | TALKW | 3,968,500 | $11.0M | 1.03% |
| 36 | Aspen Aerogels, Inc. | ASPN | 1,555,477 | $10.8M | 1.01% |
| 37 | OrthoPediatrics Corporation | KIDS | 549,949 | $10.2M | 0.96% |
| 38 | Vital Farms, Inc. | VITL | 242,249 | $10.0M | 0.93% |
| 39 | The Real Brokerage, Inc.(Canad | 75585H206 | 2,317,865 | $9.7M | 0.91% |
| 40 | Arbe Robotics, Ltd.(Israel) | ARBEW | 5,788,169 | $9.6M | 0.90% |
| 41 | Insight Molecular Diagnostic | IMDX | 2,822,530 | $9.4M | 0.88% |
| 42 | Kopin Corporation (Restricted) | KOPN | 4,000,000 | $8.8M | 0.82% |
| 43 | TSS, Inc. | TSSI | 450,000 | $8.1M | 0.76% |
| 44 | Galaxy Digital Holdings Ltd. | GLXY | 235,000 | $7.9M | 0.74% |
| 45 | Empery Digital, Inc. | EMPD | 1,050,418 | $7.9M | 0.74% |
| 46 | Galaxy Digital, Inc.-Class A | GLXY | 225,000 | $7.6M | 0.71% |
| 47 | Citi Trends, Inc. | CTRN | 232,477 | $7.2M | 0.68% |
| 48 | Turtle Beach Corporation | TBCH | 452,352 | $7.2M | 0.67% |
| 49 | Alpha Cognition, Inc.(Canada) | ACOG | 1,095,652 | $7.1M | 0.67% |
| 50 | CervoMed, Inc. | CRVO | 863,200 | $7.0M | 0.65% |
| 51 | Reservoir Media, Inc. | RSVRW | 847,558 | $6.9M | 0.65% |
| 52 | Ooma, Inc. | OOMA | 499,699 | $6.0M | 0.56% |
| 53 | Infusystem Holdings, Inc. | INFU | 561,656 | $5.8M | 0.55% |
| 54 | GrowGeneration Corp. | GRWG | 3,109,535 | $5.8M | 0.55% |
| 55 | TriSalus Life Sciences, Inc. | TLSIW | 1,250,000 | $5.8M | 0.54% |
| 56 | Century Casinos, Inc. | CNTY | 2,195,549 | $5.7M | 0.54% |
| 57 | LeMaitre Vascular, Inc. | LMAT | 62,000 | $5.4M | 0.51% |
| 58 | Allot Ltd. (Israel) | ALLT | 498,700 | $5.3M | 0.49% |
| 59 | Avadel Pharmaceutical PLC (Ire | G29687103 | 316,189 | $4.8M | 0.45% |
| 60 | PepGen, Inc. | PEPG | 1,025,000 | $4.7M | 0.44% |
| 61 | OptimizeRx Corporation | OPRX | 230,421 | $4.7M | 0.44% |
| 62 | Palvella Therapeutics, Inc. | PVLA | 69,416 | $4.4M | 0.41% |
| 63 | Airo Group Holdings, Inc. | 009422106 | 225,000 | $4.3M | 0.40% |
| 64 | Xtant Medical Holdings, Inc. | 98420P308 | 6,594,121 | $4.3M | 0.40% |
| 65 | Crinetics Pharmaceuticals, Inc | CRNX | 100,000 | $4.2M | 0.39% |
| 66 | Velo3D, Inc. | VLDXW | 1,333,333 | $4.1M | 0.38% |
| 67 | Abacus Life, Inc. | 00258Y104 | 710,683 | $4.1M | 0.38% |
| 68 | Laird Superfood, Inc. | LSF | 729,506 | $4.1M | 0.38% |
| 69 | Forte Biosciences, Inc. | FBRX | 261,821 | $3.9M | 0.37% |
| 70 | Progyny, Inc. | PGNY | 180,000 | $3.9M | 0.36% |
| 71 | Ultra Clean Holdings, Inc. | UCTT | 140,440 | $3.8M | 0.36% |
| 72 | Spire Global Inc. | SPIR | 332,795 | $3.7M | 0.34% |
| 73 | American Public Education, Inc | 02913V103 | 92,500 | $3.7M | 0.34% |
| 74 | Hippo Holdings, Inc. | HIPOW | 100,000 | $3.6M | 0.34% |
| 75 | Forge Global Holdings, Inc. | 34629L202 | 206,392 | $3.5M | 0.33% |
| 76 | OPKO Health, Inc. | OPK | 2,200,000 | $3.4M | 0.32% |
| 77 | Ideal Power, Inc. | 451622203 | 645,745 | $3.2M | 0.30% |
| 78 | Aeluma, Inc. | ALMU | 200,000 | $3.2M | 0.30% |
| 79 | Aviat Networks, Inc. | AVNW | 138,806 | $3.2M | 0.30% |
| 80 | Lucid Diagnostics, Inc. | LUCD | 2,990,500 | $3.0M | 0.28% |
| 81 | Abeona Therapeutics, Inc. | ABEO | 547,000 | $2.9M | 0.27% |
| 82 | Synchronoss Technologies, Inc. | 87157B400 | 464,785 | $2.8M | 0.26% |
| 83 | argenx SE - ADR (Netherlands) | ARGX | 3,750 | $2.8M | 0.26% |
| 84 | Benitec Biopharma, Inc. (Aust | BNTC | 182,977 | $2.6M | 0.24% |
| 85 | Nektar Therapeutics | NKTR | 40,000 | $2.3M | 0.21% |
| 86 | Black Diamond Therapeutics, | BDTX | 600,000 | $2.3M | 0.21% |
| 87 | Paysign, Inc. | PAYS | 306,736 | $1.9M | 0.18% |
| 88 | DHI Group, Inc. | DHX | 681,000 | $1.9M | 0.18% |
| 89 | Indivior PLC (Great Britain) | INDV | 75,605 | $1.8M | 0.17% |
| 90 | Nkarta, Inc. | NKTX | 800,000 | $1.7M | 0.16% |
| 91 | Silynxcom, Ltd. (Israel) | SYNX | 1,040,314 | $1.5M | 0.14% |
| 92 | Aytu BioPharma, Inc. | AYTU | 619,574 | $1.2M | 0.11% |
| 93 | Alto Neuroscience, Inc. | ANRO | 280,483 | $1.1M | 0.11% |
| 94 | RenovoRx, Inc. | RNXT | 863,790 | $1.1M | 0.10% |
| 95 | Immuneering Corporation | IMRX | 150,000 | $1.1M | 0.10% |
| 96 | Mobilicom Ltd. @5.00 8/31/27 A | MOBBW | 200,000 | $868,000 | 0.08% |
| 97 | NeuroOne Medical Technologies | 64130M209 | 916,667 | $814,550 | 0.08% |
| 98 | Butterfly Network, Inc. | BFLY | 400,000 | $772,000 | 0.07% |
| 99 | Dragonfly Energy Holdings Corp | DFLIW | 1,250,000 | $743,500 | 0.07% |
| 100 | mF International, Ltd. (Hong K | G6065C121 | 19,146 | $703,615 | 0.07% |
| 101 | Sera Prognostics, Inc. | SERA | 207,382 | $634,589 | 0.06% |
| 102 | Delcath Systems, Inc. | DCTH | 57,721 | $620,501 | 0.06% |
| 103 | Modular Medical, Inc. | MODD | 878,628 | $614,864 | 0.06% |
| 104 | SAB Biotherapeutics, Inc. | SABSW | 200,000 | $402,000 | 0.04% |