# EDGAR Filing Document

**Accession Number:** 0001167212
**File Stem:** 0000919574-23-001164
**Filing Date:** 2023-2
**Character Count:** 28370
**Document Hash:** 4150fff8b6963ef300886b9033cde067
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-23-001164.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0000919574-23-001164

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEEDHAM INVESTMENT MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0001167212
- **IRS NUMBER:** 223408336
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10095
- **FILM NUMBER:** 23620288

**BUSINESS ADDRESS:**
- **STREET 1:** 250 PARK AVENUE, 10TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10177
- **BUSINESS PHONE:** 212-705-0404

**MAIL ADDRESS:**
- **STREET 1:** 250 PARK AVENUE, 10TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10177

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** NEEDHAM INVESTMENT MANAGEMENT LLC<br>**Address:** 250 PARK AVENUE 10TH FLOOR<br>NEW YORK, NY 10177

**Form 13F File Number:** 028-10095

**CRD Number (if applicable):** 000106783

**SEC File Number (if applicable):** 801-50449

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** James W. Giangrasso<br>**Title:** Chief Financial Officer<br>**Phone:** 212-705-0404

**Signature, Place, and Date of Signing:**

/s/ James W. Giangrasso  New York, NY  02-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 4

**Form 13F Information Table Entry Total:** 253

**Form 13F Information Table Value Total:** $552624320

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                                | Form 13F File Number   |
|:---|:---|:---|
|  | NEEDHAM EMERGING GROWTH PARTNERS LP | 028-11515              |
|  | NEEDHAM GROWTH FUND                 | 028-11514              |
|  | Needham Small Cap Growth Fund       | 028-14743              |
|  | Needham Aggressive Growth Fund      | 028-14744              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 8X8 INC NEW | COM | 282914100 |  | 6912000 | 1600000 | SH |  | DFND | 3 | 1600000 | 0 | 0 |
| ACUITYADS HLDGS INC | COM | 00510L106 |  | 77500 | 50000 | SH |  | DFND | 4 | 50000 | 0 | 0 |
| ACV AUCTIONS INC | COM CL A | 00091G104 |  | 710165 | 86500 | SH |  | DFND | 4 | 86500 | 0 | 0 |
| ADAMS RES  ENERGY INC | COM NEW | 006351308 |  | 3522260 | 90500 | SH |  | DFND | 4 | 90500 | 0 | 0 |
| ADTRAN HOLDINGS INC | COM | 00486H105 |  | 2348750 | 125000 | SH |  | DFND | 1 | 125000 | 0 | 0 |
| ADTRAN HOLDINGS INC | COM | 00486H105 |  | 2348750 | 125000 | SH |  | DFND | 2 | 125000 | 0 | 0 |
| ADTRAN HOLDINGS INC | COM | 00486H105 |  | 5637000 | 300000 | SH |  | DFND | 3 | 300000 | 0 | 0 |
| ADTRAN HOLDINGS INC | COM | 00486H105 |  | 1315300 | 70000 | SH |  | DFND | 4 | 70000 | 0 | 0 |
| ADTRAN HOLDINGS INC | COM | 00486H105 |  | 939500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| AIR LEASE CORP | CL A | 00912X302 |  | 954737 | 24850 | SH |  | DFND | 1 | 24850 | 0 | 0 |
| AIR LEASE CORP | CL A | 00912X302 |  | 288150 | 7500 | SH |  | DFND | 2 | 7500 | 0 | 0 |
| AIR LEASE CORP | CL A | 00912X302 |  | 774163 | 20150 | SH |  | SOLE |  | 20150 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 1222350 | 14500 | SH |  | DFND | 4 | 14500 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 2781900 | 33000 | SH |  | DFND | 2 | 33000 | 0 | 0 |
| AKOUSTIS TECHNOLOGIES INC | COM | 00973N102 |  | 3080850 | 1092500 | SH |  | DFND | 3 | 1092500 | 0 | 0 |
| ALLBIRDS INC | COM CL A | 01675A109 |  | 181500 | 75000 | SH |  | DFND | 4 | 75000 | 0 | 0 |
| ALPHA PRO TECH LTD | COM | 020772109 |  | 884400 | 220000 | SH |  | DFND | 4 | 220000 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 441150 | 5000 | SH |  | DFND | 2 | 5000 | 0 | 0 |
| ALTAIR ENGR INC | COM CL A | 021369103 |  | 1182220 | 26000 | SH |  | DFND | 4 | 26000 | 0 | 0 |
| ALTERYX INC | COM CL A | 02156B103 |  | 1190745 | 23500 | SH |  | DFND | 2 | 23500 | 0 | 0 |
| ALTERYX INC | COM CL A | 02156B103 |  | 1520100 | 30000 | SH |  | DFND | 3 | 30000 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 476685 | 2250 | SH |  | DFND | 4 | 2250 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 529650 | 2500 | SH |  | DFND | 2 | 2500 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 1640300 | 10000 | SH |  | DFND | 2 | 10000 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1104405 | 8500 | SH |  | DFND | 2 | 8500 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 3612054 | 27800 | SH |  | DFND | 4 | 27800 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 876420 | 9000 | SH |  | DFND | 2 | 9000 | 0 | 0 |
| ARLO TECHNOLOGIES INC | COM | 04206A101 |  | 157950 | 45000 | SH |  | DFND | 4 | 45000 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 1366000 | 2500 | SH |  | DFND | 4 | 2500 | 0 | 0 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 1229400 | 2250 | SH |  | DFND | 2 | 2250 | 0 | 0 |
| ASPEN AEROGELS INC | COM | 04523Y105 |  | 1179000 | 100000 | SH |  | DFND | 1 | 100000 | 0 | 0 |
| ASPEN AEROGELS INC | COM | 04523Y105 |  | 4716000 | 400000 | SH |  | DFND | 2 | 400000 | 0 | 0 |
| ASPEN AEROGELS INC | COM | 04523Y105 |  | 7601414 | 644734 | SH |  | DFND | 3 | 644734 | 0 | 0 |
| ASPEN AEROGELS INC | COM | 04523Y105 |  | 4209030 | 357000 | SH |  | DFND | 4 | 357000 | 0 | 0 |
| ASPEN AEROGELS INC | COM | 04523Y105 |  | 366669 | 31100 | SH |  | SOLE |  | 31100 | 0 | 0 |
| AVROBIO INC | COM | 05455M100 |  | 17475 | 24513 | SH |  | DFND | 4 | 24513 | 0 | 0 |
| AXT INC | COM | 00246W103 |  | 4380000 | 1000000 | SH |  | DFND | 3 | 1000000 | 0 | 0 |
| AXT INC | COM | 00246W103 |  | 547500 | 125000 | SH |  | DFND | 4 | 125000 | 0 | 0 |
| AXT INC | COM | 00246W103 |  | 1469271 | 335450 | SH |  | DFND | 2 | 335450 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 4704550 | 18500 | SH |  | DFND | 2 | 18500 | 0 | 0 |
| BIGCOMMERCE HLDGS INC | COM SER 1 | 08975P108 |  | 3321200 | 380000 | SH |  | DFND | 3 | 380000 | 0 | 0 |
| BIGCOMMERCE HLDGS INC | COM SER 1 | 08975P108 |  | 65550 | 7500 | SH |  | DFND | 4 | 7500 | 0 | 0 |
| BIGCOMMERCE HLDGS INC | COM SER 1 | 08975P108 |  | 262200 | 30000 | SH |  | DFND | 2 | 30000 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 3809800 | 20000 | SH |  | DFND | 1 | 20000 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 952450 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 |  | 2050750 | 32500 | SH |  | DFND | 4 | 32500 | 0 | 0 |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 |  | 504800 | 8000 | SH |  | DFND | 2 | 8000 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 110317 | 3855 | SH |  | SOLE |  | 3855 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 249395 | 8715 | SH |  | DFND | 1 | 8715 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 1033068 | 32870 | SH |  | DFND | 1 | 32870 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 421902 | 13424 | SH |  | SOLE |  | 13424 | 0 | 0 |
| BRUKER CORP | COM | 116794108 |  | 1537875 | 22500 | SH |  | DFND | 4 | 22500 | 0 | 0 |
| BRUKER CORP | COM | 116794108 |  | 512625 | 7500 | SH |  | DFND | 2 | 7500 | 0 | 0 |
| CAMBIUM NETWORKS CORP | SHS | G17766109 |  | 2042398 | 94250 | SH |  | DFND | 2 | 94250 | 0 | 0 |
| CAMBIUM NETWORKS CORP | SHS | G17766109 |  | 7584500 | 350000 | SH |  | DFND | 3 | 350000 | 0 | 0 |
| CAMBIUM NETWORKS CORP | SHS | G17766109 |  | 1547238 | 71400 | SH |  | DFND | 4 | 71400 | 0 | 0 |
| CAMBIUM NETWORKS CORP | SHS | G17766109 |  | 239454 | 11050 | SH |  | SOLE |  | 11050 | 0 | 0 |
| CAMBIUM NETWORKS CORP | SHS | G17766109 |  | 610011 | 28150 | SH |  | DFND | 1 | 28150 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 4170965 | 68500 | SH |  | DFND | 2 | 68500 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 608900 | 10000 | SH |  | DFND | 3 | 10000 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 1248245 | 20500 | SH |  | DFND | 4 | 20500 | 0 | 0 |
| CHART INDS INC | COM | 16115Q308 |  | 3168825 | 27500 | SH |  | DFND | 3 | 27500 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 717960 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 897450 | 5000 | SH |  | DFND | 2 | 5000 | 0 | 0 |
| CLEAN HARBORS INC | COM | 184496107 |  | 1358028 | 11900 | SH |  | DFND | 2 | 11900 | 0 | 0 |
| CLEAN HARBORS INC | COM | 184496107 |  | 2967120 | 26000 | SH |  | DFND | 4 | 26000 | 0 | 0 |
| CLEAN HARBORS INC | COM | 184496107 |  | 445068 | 3900 | SH |  | SOLE |  | 3900 | 0 | 0 |
| CLEAN HARBORS INC | COM | 184496107 |  | 1221769 | 10706 | SH |  | DFND | 1 | 10706 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 4036500 | 115000 | SH |  | DFND | 1 | 115000 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 649350 | 18500 | SH |  | DFND | 2 | 18500 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 3510000 | 100000 | SH |  | DFND | 3 | 100000 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 1053000 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 2797600 | 80000 | SH |  | DFND | 2 | 80000 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 6994000 | 200000 | SH |  | DFND | 1 | 200000 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 1197750 | 37500 | SH |  | DFND | 2 | 37500 | 0 | 0 |
| CRA INTL INC | COM | 12618T105 |  | 2448600 | 20000 | SH |  | DFND | 4 | 20000 | 0 | 0 |
| CRYOPORT INC | COM PAR $0.001 | 229050307 |  | 650625 | 37500 | SH |  | DFND | 4 | 37500 | 0 | 0 |
| CRYOPORT INC | COM PAR $0.001 | 229050307 |  | 754725 | 43500 | SH |  | DFND | 2 | 43500 | 0 | 0 |
| EDGIO INC | COM | 53261M104 |  | 791000 | 700000 | SH |  | DFND | 3 | 700000 | 0 | 0 |
| EDUCATIONAL DEV CORP | COM | 281479105 |  | 1264000 | 400000 | SH |  | DFND | 4 | 400000 | 0 | 0 |
| ENCOMPASS HEALTH CORP | COM | 29261A100 |  | 4186700 | 70000 | SH |  | DFND | 1 | 70000 | 0 | 0 |
| ENHABIT INC | COM | 29332G102 |  | 460600 | 35000 | SH |  | DFND | 1 | 35000 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 6493410 | 99000 | SH |  | DFND | 2 | 99000 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 4099375 | 62500 | SH |  | DFND | 4 | 62500 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 1639750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| ENTEGRIS INC | COM | 29362U104 |  | 4919250 | 75000 | SH |  | DFND | 1 | 75000 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 1375563 | 2100 | SH |  | DFND | 4 | 2100 | 0 | 0 |
| FATHOM DIGITAL MFG CORP | CL A COM | 31189Y103 |  | 13200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| FATHOM DIGITAL MFG CORP | CL A COM | 31189Y103 |  | 39600 | 30000 | SH |  | DFND | 1 | 30000 | 0 | 0 |
| FORMFACTOR INC | COM | 346375108 |  | 4001400 | 180000 | SH |  | DFND | 3 | 180000 | 0 | 0 |
| FORMFACTOR INC | COM | 346375108 |  | 666900 | 30000 | SH |  | DFND | 4 | 30000 | 0 | 0 |
| FORMFACTOR INC | COM | 346375108 |  | 2656485 | 119500 | SH |  | DFND | 2 | 119500 | 0 | 0 |
| FORMFACTOR INC | COM | 346375108 |  | 4446000 | 200000 | SH |  | DFND | 1 | 200000 | 0 | 0 |
| FORMFACTOR INC | COM | 346375108 |  | 1000350 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| FREQUENCY ELECTRS INC | COM | 358010106 |  | 4018500 | 570000 | SH |  | DFND | 3 | 570000 | 0 | 0 |
| FREQUENCY ELECTRS INC | COM | 358010106 |  | 760343 | 107850 | SH |  | SOLE |  | 107850 | 0 | 0 |
| G1 THERAPEUTICS INC | COM | 3621LQ109 |  | 380100 | 70000 | SH |  | DFND | 4 | 70000 | 0 | 0 |
| G1 THERAPEUTICS INC | COM | 3621LQ109 |  | 217200 | 40000 | SH |  | DFND | 1 | 40000 | 0 | 0 |
| G1 THERAPEUTICS INC | COM | 3621LQ109 |  | 54300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| G1 THERAPEUTICS INC | COM | 3621LQ109 |  | 347520 | 64000 | SH |  | DFND | 2 | 64000 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 858500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1287750 | 15000 | SH |  | DFND | 2 | 15000 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 3434000 | 40000 | SH |  | DFND | 1 | 40000 | 0 | 0 |
| GSE SYS INC | COM | 36227K106 |  | 1080000 | 1500000 | SH |  | DFND | 4 | 1500000 | 0 | 0 |
| HAWAIIAN HOLDINGS INC | COM | 419879101 |  | 205200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| HAWAIIAN HOLDINGS INC | COM | 419879101 |  | 820800 | 80000 | SH |  | DFND | 1 | 80000 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 279300 | 17500 | SH |  | DFND | 2 | 17500 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 535750 | 2500 | SH |  | DFND | 2 | 2500 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 4286000 | 20000 | SH |  | DFND | 1 | 20000 | 0 | 0 |
| INFINERA CORP | COM | 45667G103 |  | 7414000 | 1100000 | SH |  | DFND | 3 | 1100000 | 0 | 0 |
| INTEVAC INC | COM | 461148108 |  | 549950 | 85000 | SH |  | DFND | 4 | 85000 | 0 | 0 |
| INTEVAC INC | COM | 461148108 |  | 10407319 | 1608550 | SH |  | DFND | 3 | 1608550 | 0 | 0 |
| INTEVAC INC | COM | 461148108 |  | 1294000 | 200000 | SH |  | DFND | 2 | 200000 | 0 | 0 |
| KIMBELL RTY PARTNERS LP | UNIT | 49435R102 |  | 417500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 5655450 | 15000 | SH |  | DFND | 1 | 15000 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 1885150 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| KVH INDS INC | COM | 482738101 |  | 5110000 | 500000 | SH |  | DFND | 2 | 500000 | 0 | 0 |
| KVH INDS INC | COM | 482738101 |  | 5033350 | 492500 | SH |  | DFND | 3 | 492500 | 0 | 0 |
| KVH INDS INC | COM | 482738101 |  | 6732425 | 658750 | SH |  | DFND | 4 | 658750 | 0 | 0 |
| KVH INDS INC | COM | 482738101 |  | 1132376 | 110800 | SH |  | SOLE |  | 110800 | 0 | 0 |
| KVH INDS INC | COM | 482738101 |  | 979076 | 95800 | SH |  | DFND | 1 | 95800 | 0 | 0 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 |  | 2896404 | 12300 | SH |  | DFND | 4 | 12300 | 0 | 0 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 |  | 1177400 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 |  | 7715031 | 32763 | SH |  | DFND | 1 | 32763 | 0 | 0 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 |  | 2590280 | 11000 | SH |  | DFND | 2 | 11000 | 0 | 0 |
| LAM RESEARCH CORP | COM | 512807108 |  | 1050750 | 2500 | SH |  | DFND | 2 | 2500 | 0 | 0 |
| LEMAITRE VASCULAR INC | COM | 525558201 |  | 943410 | 20500 | SH |  | DFND | 4 | 20500 | 0 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 5217000 | 100000 | SH |  | DFND | 3 | 100000 | 0 | 0 |
| MARKEL CORP | COM | 570535104 |  | 1976235 | 1500 | SH |  | DFND | 4 | 1500 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 555600 | 15000 | SH |  | DFND | 2 | 15000 | 0 | 0 |
| MATIV HOLDINGS INC | COM | 808541106 |  | 2717000 | 130000 | SH |  | DFND | 4 | 130000 | 0 | 0 |
| MATRIX SVC CO | COM | 576853105 |  | 933000 | 150000 | SH |  | DFND | 4 | 150000 | 0 | 0 |
| MAXLINEAR INC | COM | 57776J100 |  | 848750 | 25000 | SH |  | DFND | 3 | 25000 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 1829607 | 23541 | SH |  | DFND | 1 | 23541 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 1554400 | 20000 | SH |  | DFND | 2 | 20000 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 582900 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| MKS INSTRS INC | COM | 55306N104 |  | 1948790 | 23000 | SH |  | DFND | 2 | 23000 | 0 | 0 |
| MKS INSTRS INC | COM | 55306N104 |  | 3770485 | 44500 | SH |  | DFND | 3 | 44500 | 0 | 0 |
| MKS INSTRS INC | COM | 55306N104 |  | 1864060 | 22000 | SH |  | DFND | 4 | 22000 | 0 | 0 |
| MKS INSTRS INC | COM | 55306N104 |  | 1270950 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| MKS INSTRS INC | COM | 55306N104 |  | 2965550 | 35000 | SH |  | DFND | 1 | 35000 | 0 | 0 |
| NAVIGATOR HLDGS LTD | SHS | Y62132108 |  | 2624024 | 219400 | SH |  | DFND | 1 | 219400 | 0 | 0 |
| NAVIGATOR HLDGS LTD | SHS | Y62132108 |  | 239200 | 20000 | SH |  | DFND | 2 | 20000 | 0 | 0 |
| NAVIGATOR HLDGS LTD | SHS | Y62132108 |  | 796536 | 66600 | SH |  | SOLE |  | 66600 | 0 | 0 |
| NLIGHT INC | COM | 65487K100 |  | 936936 | 92400 | SH |  | DFND | 1 | 92400 | 0 | 0 |
| NLIGHT INC | COM | 65487K100 |  | 1377519 | 135850 | SH |  | DFND | 2 | 135850 | 0 | 0 |
| NLIGHT INC | COM | 65487K100 |  | 10140000 | 1000000 | SH |  | DFND | 3 | 1000000 | 0 | 0 |
| NLIGHT INC | COM | 65487K100 |  | 1508832 | 148800 | SH |  | DFND | 4 | 148800 | 0 | 0 |
| NLIGHT INC | COM | 65487K100 |  | 300144 | 29600 | SH |  | SOLE |  | 29600 | 0 | 0 |
| NOVA LTD | COM | M7516K103 |  | 3675600 | 45000 | SH |  | DFND | 2 | 45000 | 0 | 0 |
| NOVA LTD | COM | M7516K103 |  | 4900800 | 60000 | SH |  | DFND | 4 | 60000 | 0 | 0 |
| NOVA LTD | COM | M7516K103 |  | 1633600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| NOVA LTD | COM | M7516K103 |  | 5309200 | 65000 | SH |  | DFND | 1 | 65000 | 0 | 0 |
| OIL DRI CORP AMER | COM | 677864100 |  | 1509300 | 45000 | SH |  | DFND | 4 | 45000 | 0 | 0 |
| PARSONS CORP DEL | COM | 70202L102 |  | 3584375 | 77500 | SH |  | DFND | 2 | 77500 | 0 | 0 |
| PARSONS CORP DEL | COM | 70202L102 |  | 3584375 | 77500 | SH |  | DFND | 4 | 77500 | 0 | 0 |
| PARSONS CORP DEL | COM | 70202L102 |  | 462500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| PARSONS CORP DEL | COM | 70202L102 |  | 1618750 | 35000 | SH |  | DFND | 1 | 35000 | 0 | 0 |
| PDF SOLUTIONS INC | COM | 693282105 |  | 9667995 | 338990 | SH |  | DFND | 2 | 338990 | 0 | 0 |
| PDF SOLUTIONS INC | COM | 693282105 |  | 9839400 | 345000 | SH |  | DFND | 4 | 345000 | 0 | 0 |
| PDF SOLUTIONS INC | COM | 693282105 |  | 142600 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| PDF SOLUTIONS INC | COM | 693282105 |  | 285200 | 10000 | SH |  | DFND | 1 | 10000 | 0 | 0 |
| PHOTRONICS INC | COM | 719405102 |  | 3071475 | 182500 | SH |  | DFND | 1 | 182500 | 0 | 0 |
| PHOTRONICS INC | COM | 719405102 |  | 3113550 | 185000 | SH |  | DFND | 2 | 185000 | 0 | 0 |
| PHOTRONICS INC | COM | 719405102 |  | 9256500 | 550000 | SH |  | DFND | 3 | 550000 | 0 | 0 |
| PHOTRONICS INC | COM | 719405102 |  | 3786750 | 225000 | SH |  | DFND | 4 | 225000 | 0 | 0 |
| PHOTRONICS INC | COM | 719405102 |  | 1087218 | 64600 | SH |  | SOLE |  | 64600 | 0 | 0 |
| PRECISION OPTICS CORP INC MA | COM NEW | 740294400 |  | 1117555 | 198500 | SH |  | DFND | 4 | 198500 | 0 | 0 |
| Q2 HLDGS INC | COM | 74736L109 |  | 214960 | 8000 | SH |  | DFND | 4 | 8000 | 0 | 0 |
| Q2 HLDGS INC | COM | 74736L109 |  | 443355 | 16500 | SH |  | DFND | 2 | 16500 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 469320 | 3000 | SH |  | DFND | 4 | 3000 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 860420 | 5500 | SH |  | DFND | 2 | 5500 | 0 | 0 |
| RESEARCH SOLUTIONS INC | COM | 761025105 |  | 926400 | 480000 | SH |  | DFND | 4 | 480000 | 0 | 0 |
| ROGERS CORP | COM | 775133101 |  | 1790100 | 15000 | SH |  | DFND | 3 | 15000 | 0 | 0 |
| SENSATA TECHNOLOGIES HLDG PL | SHS | G8060N102 |  | 3028500 | 75000 | SH |  | DFND | 3 | 75000 | 0 | 0 |
| SIENTRA INC | COM | 82621J105 |  | 142030 | 700000 | SH |  | DFND | 3 | 700000 | 0 | 0 |
| SIENTRA INC | COM | 82621J105 |  | 4058 | 20000 | SH |  | DFND | 4 | 20000 | 0 | 0 |
| SITIME CORP | COM | 82982T106 |  | 508100 | 5000 | SH |  | DFND | 4 | 5000 | 0 | 0 |
| SITIME CORP | COM | 82982T106 |  | 1270250 | 12500 | SH |  | DFND | 2 | 12500 | 0 | 0 |
| SMITH MIDLAND CORP | COM | 832156103 |  | 2995050 | 146100 | SH |  | DFND | 4 | 146100 | 0 | 0 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 478114 | 14200 | SH |  | DFND | 1 | 14200 | 0 | 0 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 195286 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| STANDARD BIOTOOLS INC | COM | 34385P108 |  | 4267174 | 3647157 | SH |  | DFND | 3 | 3647157 | 0 | 0 |
| STANDARD BIOTOOLS INC | COM | 34385P108 |  | 29250 | 25000 | SH |  | DFND | 4 | 25000 | 0 | 0 |
| STANDARD BIOTOOLS INC | COM | 34385P108 |  | 29250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| STANDARD BIOTOOLS INC | COM | 34385P108 |  | 117000 | 100000 | SH |  | DFND | 1 | 100000 | 0 | 0 |
| SUMO LOGIC INC | COM | 86646P103 |  | 607500 | 75000 | SH |  | DFND | 1 | 75000 | 0 | 0 |
| SUMO LOGIC INC | COM | 86646P103 |  | 8100000 | 1000000 | SH |  | DFND | 3 | 1000000 | 0 | 0 |
| SUMO LOGIC INC | COM | 86646P103 |  | 202500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM | 86800U104 |  | 4720750 | 57500 | SH |  | DFND | 2 | 57500 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM | 86800U104 |  | 5336500 | 65000 | SH |  | DFND | 4 | 65000 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM | 86800U104 |  | 2750350 | 33500 | SH |  | SOLE |  | 33500 | 0 | 0 |
| SUPER MICRO COMPUTER INC | COM | 86800U104 |  | 9564650 | 116500 | SH |  | DFND | 1 | 116500 | 0 | 0 |
| SURO CAPITAL CORP | COM NEW | 86887Q109 |  | 1332341 | 350616 | SH |  | DFND | 1 | 350616 | 0 | 0 |
| SURO CAPITAL CORP | COM NEW | 86887Q109 |  | 356714 | 93872 | SH |  | SOLE |  | 93872 | 0 | 0 |
| TEKLA HEALTHCARE INVS | SH BEN INT | 87911J103 |  | 1234440 | 68580 | SH |  | SOLE |  | 68580 | 0 | 0 |
| TEKLA HEALTHCARE INVS | SH BEN INT | 87911J103 |  | 2659518 | 147751 | SH |  | DFND | 1 | 147751 | 0 | 0 |
| TEKLA LIFE SCIENCES INVS | SH BEN INT | 87911K100 |  | 1167522 | 82162 | SH |  | SOLE |  | 82162 | 0 | 0 |
| TEKLA LIFE SCIENCES INVS | SH BEN INT | 87911K100 |  | 3081723 | 216870 | SH |  | DFND | 1 | 216870 | 0 | 0 |
| TELOS CORP MD | COM | 87969B101 |  | 610800 | 120000 | SH |  | DFND | 2 | 120000 | 0 | 0 |
| TELOS CORP MD | COM | 87969B101 |  | 6108000 | 1200000 | SH |  | DFND | 3 | 1200000 | 0 | 0 |
| TELOS CORP MD | COM | 87969B101 |  | 509000 | 100000 | SH |  | DFND | 4 | 100000 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 436750 | 5000 | SH |  | DFND | 4 | 5000 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 218375 | 2500 | SH |  | DFND | 2 | 2500 | 0 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 537960 | 12000 | SH |  | DFND | 4 | 12000 | 0 | 0 |
| THE TRADE DESK INC | COM CL A | 88339J105 |  | 2107010 | 47000 | SH |  | DFND | 2 | 47000 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 10463110 | 19000 | SH |  | DFND | 2 | 19000 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 8260350 | 15000 | SH |  | DFND | 1 | 15000 | 0 | 0 |
| THERMON GROUP HLDGS INC | COM | 88362T103 |  | 2359400 | 117500 | SH |  | DFND | 4 | 117500 | 0 | 0 |
| THREDUP INC | CL A | 88556E102 |  | 917000 | 700000 | SH |  | DFND | 4 | 700000 | 0 | 0 |
| TRANSCAT INC | COM | 893529107 |  | 1240225 | 17500 | SH |  | DFND | 4 | 17500 | 0 | 0 |
| TTM TECHNOLOGIES INC | COM | 87305R109 |  | 241280 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| TTM TECHNOLOGIES INC | COM | 87305R109 |  | 663520 | 44000 | SH |  | DFND | 1 | 44000 | 0 | 0 |
| UGI CORP NEW | COM | 902681105 |  | 370700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| UNISYS CORP | COM NEW | 909214306 |  | 1660750 | 325000 | SH |  | DFND | 4 | 325000 | 0 | 0 |
| UNISYS CORP | COM NEW | 909214306 |  | 102200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| UNISYS CORP | COM NEW | 909214306 |  | 306600 | 60000 | SH |  | DFND | 1 | 60000 | 0 | 0 |
| UPLAND SOFTWARE INC | COM | 91544A109 |  | 3868025 | 542500 | SH |  | DFND | 3 | 542500 | 0 | 0 |
| VACASA INC | CLASS A COM | 91854V107 |  | 58590 | 46500 | SH |  | DFND | 1 | 46500 | 0 | 0 |
| VACASA INC | CLASS A COM | 91854V107 |  | 269829 | 214150 | SH |  | DFND | 2 | 214150 | 0 | 0 |
| VACASA INC | CLASS A COM | 91854V107 |  | 1575000 | 1250000 | SH |  | DFND | 4 | 1250000 | 0 | 0 |
| VACASA INC | CLASS A COM | 91854V107 |  | 20538 | 16300 | SH |  | SOLE |  | 16300 | 0 | 0 |
| VEECO INSTRS INC DEL | COM | 922417100 |  | 1393500 | 75000 | SH |  | DFND | 2 | 75000 | 0 | 0 |
| VEECO INSTRS INC DEL | COM | 922417100 |  | 2229600 | 120000 | SH |  | DFND | 3 | 120000 | 0 | 0 |
| VEECO INSTRS INC DEL | COM | 922417100 |  | 1393500 | 75000 | SH |  | DFND | 4 | 75000 | 0 | 0 |
| VEECO INSTRS INC DEL | COM | 922417100 |  | 464500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| VEECO INSTRS INC DEL | COM | 922417100 |  | 1486400 | 80000 | SH |  | DFND | 1 | 80000 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 394000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 3005200 | 220000 | SH |  | DFND | 4 | 220000 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 112695 | 8250 | SH |  | SOLE |  | 8250 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 399555 | 29250 | SH |  | DFND | 1 | 29250 | 0 | 0 |
| VIA OPTRONICS AG | SPONSORED ADS | 91823Y109 |  | 207506 | 130000 | SH |  | DFND | 4 | 130000 | 0 | 0 |
| VIASAT INC | COM | 92552V100 |  | 2851665 | 90100 | SH |  | DFND | 1 | 90100 | 0 | 0 |
| VIASAT INC | COM | 92552V100 |  | 316500 | 10000 | SH |  | DFND | 2 | 10000 | 0 | 0 |
| VIASAT INC | COM | 92552V100 |  | 2215500 | 70000 | SH |  | DFND | 3 | 70000 | 0 | 0 |
| VIASAT INC | COM | 92552V100 |  | 870375 | 27500 | SH |  | SOLE |  | 27500 | 0 | 0 |
| VICOR CORP | COM | 925815102 |  | 4300000 | 80000 | SH |  | DFND | 2 | 80000 | 0 | 0 |
| VICOR CORP | COM | 925815102 |  | 4031250 | 75000 | SH |  | DFND | 3 | 75000 | 0 | 0 |
| VICOR CORP | COM | 925815102 |  | 6046875 | 112500 | SH |  | DFND | 4 | 112500 | 0 | 0 |
| VICOR CORP | COM | 925815102 |  | 1343750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| VICOR CORP | COM | 925815102 |  | 2687500 | 50000 | SH |  | DFND | 1 | 50000 | 0 | 0 |
| VIEWRAY INC | COM | 92672L107 |  | 9923200 | 2215000 | SH |  | DFND | 3 | 2215000 | 0 | 0 |
| VIEWRAY INC | COM | 92672L107 |  | 19264 | 4300 | SH |  | DFND | 4 | 4300 | 0 | 0 |
| VIEWRAY INC | COM | 92672L107 |  | 648614 | 144780 | SH |  | DFND | 2 | 144780 | 0 | 0 |
| VISHAY INTERTECHNOLOGY INC | COM | 928298108 |  | 1186350 | 55000 | SH |  | DFND | 2 | 55000 | 0 | 0 |
| VISHAY PRECISION GROUP INC | COM | 92835K103 |  | 154600 | 4000 | SH |  | DFND | 3 | 4000 | 0 | 0 |
| VISHAY PRECISION GROUP INC | COM | 92835K103 |  | 5237075 | 135500 | SH |  | DFND | 4 | 135500 | 0 | 0 |
| VISHAY PRECISION GROUP INC | COM | 92835K103 |  | 309200 | 8000 | SH |  | DFND | 2 | 8000 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 299430 | 3000 | SH |  | DFND | 4 | 3000 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 2046105 | 20500 | SH |  | SOLE |  | 20500 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 3992400 | 40000 | SH |  | DFND | 1 | 40000 | 0 | 0 |
| YEXT INC | COM | 98585N106 |  | 7186996 | 1100612 | SH |  | DFND | 3 | 1100612 | 0 | 0 |
| ZUORA INC | COM CL A | 98983V106 |  | 4626824 | 727488 | SH |  | DFND | 3 | 727488 | 0 | 0 |

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