0001026710-11-000004.txt : 20110412 0001026710-11-000004.hdr.sgml : 20110412 20110412135639 ACCESSION NUMBER: 0001026710-11-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110412 DATE AS OF CHANGE: 20110412 EFFECTIVENESS DATE: 20110412 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRANAHAN INVESTMENT MANAGEMENT INC/MA CENTRAL INDEX KEY: 0001026710 IRS NUMBER: 042856200 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05876 FILM NUMBER: 11754527 BUSINESS ADDRESS: STREET 1: 275 WYMAN STREET STREET 2: SUITE 270 CITY: WALTHAM STATE: MA ZIP: 02451 BUSINESS PHONE: 7818904412 MAIL ADDRESS: STREET 1: 275 WYMAN ST STREET 2: STE 270 CITY: WALTHAM STATE: MA ZIP: 02451 13F-HR 1 gim13f1103.txt GRANAHAN INVESTMENT MGT. 13F FILING Q1, 2011 FORM 13F INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT TO SECTION 13 (f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER Securities and Exchange Commission Washington, D.C. 20524 Report of the Calendar Quarter Ending March 31, 2011 If amended report check here: Name of Institutional Investment Manager: Granahan Investment Management, Inc. S.E.C. File Number 28-5876 Business Address: 275 Wyman Street Suite 270 Waltham MA 02451 Street Suite Number City State Zip Name, Phone no. and Title of Person Duly Authorized to Submit this Report: Jane M. White, President and CEO (781)890-4412 ATTENTION - Intentional misstatements or omissions of facts constitute Federal Criminal Violations. Sec 18 U.S.C. 1991 and 15 U.S.C. 78 ff(a). The institutional investment manager submitting this Form and its attachments and the person by whom it is signed represent hereby that all information contained therein is true, correct and complete. It is understood that all required items, statements and schedules are considered integral parts of this Form and that the submission of any amendment represents that all unamended items, statements and schedules remain true, correct and complete as previously submitted. Pursuant to the requirements of Securities Exchange Act of 1934, the undersigned institutional investment manager has caused this report to be signed on its behalf in the City of Waltham and State of Massachusetts on the 12th day of April, 2011. Granahan Investment Management, Inc. Name of Institutional Investment Mgr. By: Jane M. White President and CEO FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AARON'S INC. COM 002535300 33832 1334055 SH SOLE 1334055 ABM INDUSTRIES COM 000957100 21160 833396 SH SOLE 833396 ACCRETIVE HEALTH COM 00438V103 606 21840 SH SOLE 21840 ACME PACKET COM 004764106 20272 285686 SH SOLE 285686 ADVANCED ANALOGIC COM 00752J108 548 145000 SH SOLE 145000 ADVANCED ENERGY INDUSTRIES COM 007973100 7196 440100 SH SOLE 440100 ADVISORY BOARD COM 00762W107 13094 254246 SH SOLE 254246 AKORN COM 009728106 4711 816400 SH SOLE 816400 ALIGN TECHNOLOGY COM 016255101 14602 713000 SH SOLE 713000 ALKERMES COM 01642T108 29436 2273050 SH SOLE 2273050 ALLOT COMMUNICATIONS COM M0854Q105 2248 143570 SH SOLE 143570 ALPHA NATURAL RESOURSES COM 02076X102 2731 46000 SH SOLE 46000 AMERICAN EAGLE OUTFITTERS COM 02553E106 5276 332050 SH SOLE 332050 AMERICAN PUBLIC EDUCATION INC COM 02913V103 5995 148200 SH SOLE 148200 ANGIO DYNAMICS COM 03475V101 7649 505860 SH SOLE 505860 APTARGROUP COM 038336103 13644 272170 SH SOLE 272170 ARCH CHEMICAL COM 03937R102 15800 379889 SH SOLE 379889 ARIBA COM 04033V203 19550 572634 SH SOLE 572634 ATHEROS COM 04743P108 4689 105000 SH SOLE 105000 ATWOOD OCEANICS COM 050095108 24615 530150 SH SOLE 530150 AUTHENTEC COM 052660107 3980 1243620 SH SOLE 1243620 AVIAT NETWORKS INC COM 05366Y102 8302 1605870 SH SOLE 1605870 AXCELIS TECHNOLOGIES COM 054540109 5732 2162960 SH SOLE 2162960 BEACON ROOFING SUPPLY COM 073685109 5480 267700 SH SOLE 267700 BEBE STORES COM 075571109 6725 1149560 SH SOLE 1149560 BIOCLINICA COM 09071B100 170 32940 SH SOLE 32940 BIOMARIN PHARMACEUTICALS COM 09061G101 28193 1121900 SH SOLE 1121900 BIORAD LABS COM 090572207 44928 373960 SH SOLE 373960 BJ'S RESTAURANTS COM 09180C106 9557 243000 SH SOLE 243000 BLACK BOX COPR COM 091826107 21378 608200 SH SOLE 608200 BLUE COAT SYSTEMS COM 09534T508 3168 112500 SH SOLE 112500 BOSTON BEER COMPANY COM 100557107 6020 65000 SH SOLE 65000 BOSTON PRIVATE FINANCIAL HOLDI COM 101119105 2081 294390 SH SOLE 294390 BRUKER BIOSCIENCES COM 116794108 34412 1650450 SH SOLE 1650450 BUFFALO WILD WINGS COM 119848109 24790 455450 SH SOLE 455450 CABOT OIL AND GAS COM 127097103 3671 69300 SH SOLE 69300 CACI INT'L COM 127190304 10473 170800 SH SOLE 170800 CADENCE DESIGN COM 127387108 25279 2592700 SH SOLE 2592700 CALAVO GROWERS COM 128246105 4534 207500 SH SOLE 207500 CAPELLA EDUCATION COM 139594105 8176 164200 SH SOLE 164200 CARBO CERAMICS COM 140781105 19157 135749 SH SOLE 135749 CASH AMERICA COM 14754D100 35185 764053 SH SOLE 764053 CECO ENVIRONMENTAL COM 125141101 3927 665527 SH SOLE 665527 CELADON GROUP COM 150838100 974 60000 SH SOLE 60000 CEPHALON COM 156708109 21150 278000 SH SOLE 278000 CERAGON NETWORKS COM M22013102 815 67500 SH SOLE 67500 CEVA COM 157210105 6530 244280 SH SOLE 244280 CF INDUSTRIES HOLDINGS COM 125269100 19766 144500 SH SOLE 144500 CINEMARK HOLDINGS COM 17243V102 28758 1486200 SH SOLE 1486200 CITIZENS REPUBLIC BANCORP COM 174420109 102 114280 SH SOLE 114280 CLEAN ENERGY FUELS CORP COM 184499101 23733 1448900 SH SOLE 1448900 CLEARWIRE COM 18538Q105 16219 2901460 SH SOLE 2901460 CLICKSOFTWARE TECHNOLOGIES COM M25082104 2620 305000 SH SOLE 305000 COIN STAR COM 19259P300 27830 606050 SH SOLE 606050 COMFORT SYSTEMS COM 199908104 5380 382360 SH SOLE 382360 CONCEPTUS COM 206016107 5196 359100 SH SOLE 359100 CONSTANT CONTACT COM 210313102 27500 787970 SH SOLE 787970 CONSTELLATION BRANDS COM 21036P108 9757 481100 SH SOLE 481100 COST PLUS COM 221485105 997 101530 SH SOLE 101530 COVENTRY HEALTHCARE COM 222862104 39490 1239500 SH SOLE 1239500 CPX PRODUCTION COM 20453E109 8178 257100 SH SOLE 257100 CROCS INC COM 227046109 4585 257000 SH SOLE 257000 CUBIST PHARMA COM 229678107 32998 1307370 SH SOLE 1307370 CUTERA COM 232109108 1717 200340 SH SOLE 200340 CYMER COM 232572107 35159 621410 SH SOLE 621410 CYNOSURE COM 232577205 2087 150220 SH SOLE 150220 DEALERTRACK HOLDINGS COM 242309102 9053 395000 SH SOLE 395000 DENTSPLY COM 249030107 29303 792200 SH SOLE 792200 DIAMOND FOODS COM 252603105 9877 177000 SH SOLE 177000 DIGITAL GLOBE COM 25389M877 21493 766790 SH SOLE 766790 DREAMWORKS ANIMATION COM 26153C103 18301 655250 SH SOLE 655250 DURECT CORP COM 266605104 8429 2341370 SH SOLE 2341370 DUSA PHARMACEUTICALS COM 266898105 5028 966880 SH SOLE 966880 DYNAMICS RESEARCH CORPORATION COM 268057106 240 14700 SH SOLE 14700 EDWARDS LIFESCIENCES COM 28176E108 30467 350200 SH SOLE 350200 ELECTRO RENT COM 285218103 2869 167010 SH SOLE 167010 ELECTRONIC ARTS COM 285512109 4883 250000 SH SOLE 250000 EMCOR GROUP COM 29084Q100 4251 137250 SH SOLE 137250 ENERGY XXI COM G10082140 19979 585900 SH SOLE 585900 ENTROPIC COMMUNICATIONS COM 29384R105 10073 1192100 SH SOLE 1192100 EURONET COM 298736109 27446 1419840 SH SOLE 1419840 EXPONENT COM 30214U102 7721 173070 SH SOLE 173070 FACTSET RESH SYSTEMS COM 303075105 29565 282300 SH SOLE 282300 FEI COMPANY COM 30241L109 22902 679180 SH SOLE 679180 FIRST COMMONWEATLH FINANCIAL COM 319829107 1887 275530 SH SOLE 275530 FIRSTSERVICE CORP COM 33761N109 5893 154960 SH SOLE 154960 FLOW INTL COM 343468104 9300 2118538 SH SOLE 2118538 FOOT LOCKER COM 344849104 9067 459800 SH SOLE 459800 FRONTEER GOLD INC. COM 359032109 41136 2729685 SH SOLE 2729685 FURMANITE CORP COM 361086101 482 60296 SH SOLE 60296 GAMESTOP CORP COM 36467W109 29055 1290185 SH SOLE 1290185 GARDNER DENVER COM 365558105 4576 58650 SH SOLE 58650 GENESEE & WYOMING COM 371559105 32828 564060 SH SOLE 564060 GEOEYE COM 37250W108 23028 553820 SH SOLE 553820 GREEN MOUNTAIN COFFEE ROASTERS COM 393122106 13180 204000 SH SOLE 204000 HARRIS & HARRIS COM 413833104 4083 758939 SH SOLE 758939 HARVARD BIOSCIENCE COM 416906105 3870 681300 SH SOLE 681300 HEALTHCARE SVCS COM 421906108 5487 312305 SH SOLE 312305 HEARTLAND EXPR COM 422347104 3613 205970 SH SOLE 205970 HENRY SCHEIN COM 806407102 33611 479000 SH SOLE 479000 HOME BANKCSHARES COM 436893200 2046 89940 SH SOLE 89940 ICON PLC COM 45103T107 12979 601150 SH SOLE 601150 IMMUNOGEN COM 45253H101 9004 992740 SH SOLE 992740 INTERNATIONAL COAL GROUP COM 45928H106 4567 404150 SH SOLE 404150 INTERPUBLIC GROUP COM 460690100 6316 502500 SH SOLE 502500 INTERSIL COM 46069S109 1998 160495 SH SOLE 160495 INVACARE COM 461203101 3541 113790 SH SOLE 113790 ISIS PHARMACEUTICALS COM 464330109 12320 1362799 SH SOLE 1362799 ITT EDUCATIONAL SERVICES COM 45068B109 4618 64000 SH SOLE 64000 JACK IN THE BOX COM 466367109 2597 114500 SH SOLE 114500 JEFFERIES GROUP COM 472319102 24505 982563 SH SOLE 982563 JETBLUE AIRWAYS COM 477143101 4086 651630 SH SOLE 651630 JOS A BANKS CLOTHIERS COM 480838101 10023 197000 SH SOLE 197000 KAMAN CORP COM 483548103 7012 199210 SH SOLE 199210 KENNAMETAL COM 489170100 24014 615750 SH SOLE 615750 KEY ENERGY SVCS COM 492914106 15305 984250 SH SOLE 984250 KNIGHT TRANS COM 499064103 12914 670880 SH SOLE 670880 KORN FERRY COM 500643200 9866 443000 SH SOLE 443000 LABARGE, INC COM 502470107 12616 712778 SH SOLE 712778 LEMAITRE VASCULAR COM 525558201 2882 423206 SH SOLE 423206 LITTELFUSE COM 537008104 34621 606320 SH SOLE 606320 LULULEMON ATHLETICA COM 550021109 8015 90000 SH SOLE 90000 LUMBER LIQUIDATORS COM 55003T107 7947 318000 SH SOLE 318000 LUMINEX CORP COM 55027E102 18516 986990 SH SOLE 986990 MAGMA DESIGN AUTOMATION COM 559181102 341 50000 SH SOLE 50000 MARINEMAX INC COM 567908108 3235 328060 SH SOLE 328060 MCCORMICK & SCHMICKS COM 579793100 1127 155000 SH SOLE 155000 MELLANOX TECHNOLOGIES COM M51363113 3835 152010 SH SOLE 152010 MERITOR INC COM 59001K100 4612 271800 SH SOLE 271800 METTLER TOLEDO COM 592688105 27382 159200 SH SOLE 159200 MHI HOSPITALITY COM 55302L102 1093 430190 SH SOLE 430190 MICROSEMI COM 595137100 11745 567100 SH SOLE 567100 MKS INSTRUMENTS COM 55306N104 43430 1304200 SH SOLE 1304200 MODINE MANUFACTURING COM 607828100 6588 408180 SH SOLE 408180 MONOLITHIC POWER COM 609839105 3160 222720 SH SOLE 222720 MONRO MUFFLER COM 610236101 3866 117237 SH SOLE 117237 MORTON'S RESTAURANT GROUP COM 619430101 2055 285000 SH SOLE 285000 MWI VETERINARY SUPPLY COM 55402X105 18624 230833 SH SOLE 230833 NANOMETRICS COM 630077105 3315 183250 SH SOLE 183250 NAPCO SECURITY TECHNOLOGIES COM 630402105 824 362864 SH SOLE 362864 NEKTAR COM 640268108 27796 2935150 SH SOLE 2935150 NETLOGIC SYSTEMS COM 64118B100 42250 1005480 SH SOLE 1005480 NORTHWEST BANCSHARES COM 667340103 10870 866800 SH SOLE 866800 NOVA MEASURING INSTRUMENTS COM M7516K103 2508 256420 SH SOLE 256420 NUPATHE INC COM 67059M100 2043 261566 SH SOLE 261566 O'REILLY AUTO COM 67103H107 25737 447911 SH SOLE 447911 OCEANEERING INTERNATIONAL COM 675232102 14717 164530 SH SOLE 164530 OCLARO COM 67555N206 8534 742078 SH SOLE 742078 OM GROUP COM 670872100 15115 413648 SH SOLE 413648 ONYX PHARMACEUTICALS COM 683399109 27395 778700 SH SOLE 778700 ORMAT TECHNOLOGIES COM 686688102 12665 500009 SH SOLE 500009 OSI SYSTEMS COM 671044105 3919 104410 SH SOLE 104410 PAIN THERAPEUTICS COM 69562K100 136 14200 SH SOLE 14200 PALOMAR MEDICAL COM 697529303 2262 152290 SH SOLE 152290 PARAMETRIC TECH COM 699173209 37058 1647770 SH SOLE 1647770 PAREXEL INTERNATIONAL COM 699462107 27769 1115240 SH SOLE 1115240 PATRIOT COAL CORP COM 70336T104 2513 97300 SH SOLE 97300 PDI INC COM 69329V100 2621 323160 SH SOLE 323160 PEET'S COFFEE & TEA COM 705560100 3511 73000 SH SOLE 73000 PERICOM SEMICONDUCTOR COM 713831105 2671 257550 SH SOLE 257550 PHARMA PRODUCT DEV COM 717124101 24114 870550 SH SOLE 870550 PIER 1 COM 720279108 16118 1587952 SH SOLE 1587952 PMC SIERRA COM 69344F106 31534 4198933 SH SOLE 4198933 POLYCOM COM 73172K104 33080 637991 SH SOLE 637991 POWER INTEGRATIONS COM 739276103 22607 589800 SH SOLE 589800 PRICESMART COM 741511109 37020 1010371 SH SOLE 1010371 PROGRESS SFTWR COM 743312100 29431 1011710 SH SOLE 1011710 PROS HOLDING COM 74346Y103 1603 110000 SH SOLE 110000 QC HOLDINGS COM 74729T101 3678 849510 SH SOLE 849510 QIAGEN NV COM N72482107 25933 1293400 SH SOLE 1293400 QLT INC COM 746927102 6256 900187 SH SOLE 900187 QUAKER CHEMICAL CORP COM 747316107 4026 100220 SH SOLE 100220 QUESTCOR PHARMACEUTICALS COM 74835Y101 3628 251750 SH SOLE 251750 RADIANT SYSTEMS COM 75025N102 3999 226180 SH SOLE 226180 RADWARE COM M81873107 3644 102830 SH SOLE 102830 RBC BEARINGS COM 75524B104 29470 770864 SH SOLE 770864 RED HAT INC COM 756577102 18242 401900 SH SOLE 401900 REGENERON COM 75886F107 51876 1154350 SH SOLE 1154350 REGIS COM 758932107 3938 222000 SH SOLE 222000 RIVERBED TECHNOLOGY COM 768573107 9034 239940 SH SOLE 239940 ROBERT HALF INTERNATIONAL COM 770323103 4743 155000 SH SOLE 155000 ROVI COM 779376102 18917 352600 SH SOLE 352600 RPC INC COM 749660106 4158 164200 SH SOLE 164200 RUDOLPH TECH COM 781270103 766 70000 SH SOLE 70000 RUSH ENTERPRISES COM 781846209 8755 442172 SH SOLE 442172 SAFEGUARD SCIENTIFICS COM 786449207 8811 432981 SH SOLE 432981 SALESFORCE.COM COM 79466L302 17411 130340 SH SOLE 130340 SANDRIDGE ENERGY COM 80007P307 6276 490282 SH SOLE 490282 SCHWEITZER MAUDUIT INT'L COM 808541106 759 15000 SH SOLE 15000 SEATTLE GENETICS COM 812578102 15376 987554 SH SOLE 987554 SENSIENT TECH COM 81725T100 37741 1053036 SH SOLE 1053036 SEQUENOM COM 817337405 241 37981 SH SOLE 37981 SIGNET JEWELERS LTD COM G81276100 3958 86000 SH SOLE 86000 SILICON LABORATORIES INC COM 826919102 11382 263420 SH SOLE 263420 SM ENERGY COM 78454L100 28435 383275 SH SOLE 383275 SOLTA MEDICAL COM 83438K103 2086 632000 SH SOLE 632000 SOURCEFIRE COM 83616T108 25767 936626 SH SOLE 936626 SPECTRUM PHARMACEUTICALS COM 84763A108 4187 470960 SH SOLE 470960 STEINER LEISURE LTD COM P8744Y102 13103 283250 SH SOLE 283250 STEVEN MADDEN LTD COM 556269108 27890 594300 SH SOLE 594300 STRAYER EDUCATION COM 863236105 4306 33000 SH SOLE 33000 SUCAMPO PHARMACEUTICALS COM 864909106 1612 383730 SH SOLE 383730 SUCCESS FACTORS COM 864596101 29732 760600 SH SOLE 760600 SUPER MICRO COMPUTER COM 86800U104 3223 200950 SH SOLE 200950 SYNERGETICS COM 87160G107 125 21300 SH SOLE 21300 SYNERON MEDICAL LTD COM M87245102 1744 133770 SH SOLE 133770 SciClone PHARMA COM 80862K104 2960 732634 SH SOLE 732634 TCB FINANCIAL CAPITAL COM 872275102 14369 906000 SH SOLE 906000 TEMPUR-PEDIC COM 88023U101 6839 135000 SH SOLE 135000 TENNANT CO COM 880345103 5972 142050 SH SOLE 142050 TERADYNE COM 880770102 42234 2371380 SH SOLE 2371380 TESCO COM 88157K101 31732 1446972 SH SOLE 1446972 TEXAS ROADHOUSE COM 882681109 7985 470000 SH SOLE 470000 THE FRESH MARKET COM 35804H106 7586 201000 SH SOLE 201000 TIFFANY COM 886547108 3195 52000 SH SOLE 52000 TITAN MACHINERY COM 88830R101 4473 177150 SH SOLE 177150 TIVO INC COM 888706108 11543 1319220 SH SOLE 1319220 TRIANGLE PETROLEUM COM 89600B201 527 63450 SH SOLE 63450 TRIMBLE NAV COM 896239100 14853 293890 SH SOLE 293890 TRIUMPH GROUP, INC COM 896818101 21653 244800 SH SOLE 244800 TRUE RELIGION COM 89784n104 821 35000 SH SOLE 35000 TRUEBLUE COM 89785X101 21698 1292289 SH SOLE 1292289 UNITED COMMUNITY BANKS INC COM 90984P105 72 31110 SH SOLE 31110 UNITED CONTINENTAL COM 910047109 966 42000 SH SOLE 42000 UNITED STATIONERS COM 913004107 25294 356000 SH SOLE 356000 VALLEY NATIONAL BANCORP COM 919794107 8016 574200 SH SOLE 574200 VARIAN SEMICONDUCTOR COM 922207105 26890 552500 SH SOLE 552500 VASCULAR SOLUTIONS COM 92231M109 1737 159167 SH SOLE 159167 VERIFONE SYSTEMS INC COM 92342Y109 63160 1149410 SH SOLE 1149410 VERIGY COM Y93691106 28711 2037690 SH SOLE 2037690 VIRTUSA CORP COM 92827P102 1337 71360 SH SOLE 71360 VISTAPRINT COM N93540107 23749 457600 SH SOLE 457600 VIVUS COM 928551100 2332 376730 SH SOLE 376730 WADDELL AND REED FINANCIAL COM 930059100 29712 731650 SH SOLE 731650 WALTER ENERGY COM 93317Q105 2993 22100 SH SOLE 22100 WATSCO COM 942622200 18566 266330 SH SOLE 266330 WEB MD HEALTH CORP COM 94770V102 34089 638141 SH SOLE 638141 WEST PHARMA SVCS COM 955306105 37361 834500 SH SOLE 834500 WMS INDUSTRIES INC COM 929297109 30441 861144 SH SOLE 861144 Report Summary: Number of Other Included Managers: None Table Entry Total: 216 Table Value $3,046 Million