Wasatch Micro-Cap Fund Sold Its Stake in Impinj (PI) in Q3

1 week ago 5

Soumya Eswaran

Thu, December 18, 2025 astatine 7:17 AM CST 3 min read

Wasatch Global Investors, an plus absorption company, released its “Wasatch Micro-Cap Fund” third-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. Microcap stocks reported beardown results successful the quarter, owed to the accordant hazard appetite of investors. The fund—Investor Class returned 9.52% successful the 4th but lagged the benchmark Russell Microcap® Growth Index’s 19.93% return. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its third-quarter 2025 capitalist letter, Wasatch Micro-Cap Fund highlighted stocks specified arsenic Impinj, Inc. (NASDAQ:PI). Impinj, Inc. (NASDAQ:PI) offers a unreality connectivity platform. The one-month instrumentality of Impinj, Inc. (NASDAQ:PI) was 12.54%, and its shares gained 16.73% of their worth implicit the past 52 weeks. On December 17, 2025, Impinj, Inc. (NASDAQ:PI) banal closed astatine $166.49 per share, with a marketplace capitalization of $5.013 billion.

Wasatch Micro-Cap Fund stated the pursuing regarding Impinj, Inc. (NASDAQ:PI) successful its 3rd 4th 2025 capitalist letter:

"Shares of Impinj, Inc. (NASDAQ:PI), a supplier of vigor frequence recognition (RFID) exertion utilized successful tracking inventory, roseate sharply successful the quarter. The company’s exertion is differentiated wrong the RFID marketplace by its superior speechmaking quality and range. Impinj’s largest lawsuit is Walmart, wherever usage of its exertion is expanding from apparel to wide merchandise and—potentially—food. The company’s products are besides utilized successful managing supply-chain logistics, including by bundle transportation companies UPS and FedEx to trim shipping errors. We had purchased the banal earlier successful the twelvemonth connected weakness related to tariff concerns, and we exited the presumption successful the 4th arsenic the valuation became little favorable and arsenic the company’s marketplace capitalization became little accordant with the Fund’s micro-cap focus."

Is Impinj, Inc. (PI) the Tech Stock That Trump’s Fellow Republican Bought Amid Market Rout?

mpinj, Inc. (NASDAQ:PI) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. According to our database, 32 hedge money portfolios held Impinj, Inc. (NASDAQ:PI) astatine the extremity of the 3rd quarter, compared to 27 successful the erstwhile quarter. Impinj, Inc.’s (NASDAQ:PI) gross for the 2nd 4th was $96.1 million, representing a 2% summation sequentially and a 1% summation year-over-year. While we admit the imaginable of Impinj, Inc. (NASDAQ:PI) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.