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

Wasatch Global Investors, an asset management company, released its “Wasatch Micro-Cap Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Microcap stocks reported strong results in the quarter, due to the consistent risk appetite of investors. The fund—Investor Class returned 9.52% in the quarter but lagged the benchmark Russell Microcap® Growth Index’s 19.93% return. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Wasatch Micro-Cap Fund highlighted stocks such as Impinj, Inc. (NASDAQ:PI). Impinj, Inc. (NASDAQ:PI) offers a cloud connectivity platform. The one-month return of Impinj, Inc. (NASDAQ:PI) was 12.54%, and its shares gained 16.73% of their value over the last 52 weeks. On December 17, 2025, Impinj, Inc. (NASDAQ:PI) stock closed at $166.49 per share, with a market capitalization of $5.013 billion.

Wasatch Micro-Cap Fund stated the following regarding Impinj, Inc. (NASDAQ:PI) in its third quarter 2025 investor letter:

“Shares of Impinj, Inc. (NASDAQ:PI), a provider of radio frequency identification (RFID) technology used in tracking inventory, rose sharply in the quarter. The company’s technology is differentiated within the RFID market by its superior reading ability and range. Impinj’s largest customer is Walmart, where use of its technology is expanding from apparel to general merchandise and—potentially—food. The company’s products are also used in managing supply-chain logistics, including by package delivery companies UPS and FedEx to reduce shipping errors. We had purchased the stock earlier in the year on weakness related to tariff concerns, and we exited the position in the quarter as the valuation became less favorable and as the company’s market capitalization became less consistent 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 on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 32 hedge fund portfolios held Impinj, Inc. (NASDAQ:PI) at the end of the third quarter, compared to 27 in the previous quarter. Impinj, Inc.’s (NASDAQ:PI) revenue for the second quarter was $96.1 million, representing a 2% increase sequentially and a 1% increase year-over-year. While we acknowledge the risk and potential of Impinj, Inc. (NASDAQ:PI) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than IMPINJ, INC. (NASDAQ:PI) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Impinj, Inc. (NASDAQ:PI) and shared the list of overlooked tech stocks to invest in. Carillon Eagle Small Cap Growth Fund shared optimistic views on Impinj, Inc. (NASDAQ:PI) in its Q3 2025 investor letter. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.