Tessera Technologies, Inc. (NASDAQ:TSRA) was Trigran Investments’ third-largest equity position at the end of the third quarter. The fund’s management team decided to slightly boost their investment to 1.28 million shares worth approximately $49.2 million as reported in its latest 13F filing. The last quarter was a very good one for Tessera shareholders, as the stock finally turned north and rose 26.2% by the end of September. During the second quarter, Tessera Technologies, Inc. (NASDAQ:TSRA) registered a boost in popularity among the hedge funds tracked by Insider Monkey. A total of 28 hedge funds reportedly had this stock in their equity portfolios at the end of June, up 8% from the previous quarter. The largest stake in Tessera Technologies, Inc. (NASDAQ:TSRA) was held by Renaissance Technologies, which reported holding $68.3 million worth of stock as the end of June, followed by Trigran Investments .Other investors bullish on the company included D E Shaw, Royce & Associates, and Shannon River Fund Management.
Number four on our list is Farmer Brothers Co. (NASDAQ:FARM), a distributor of coffee, tea and culinary products. During the third quarter, Trigran Investments had its stake cut by 18% to 925,906 shares worth approximately $32.9 million according to regulatory filings. This comes despite a 10.9% return the stock registered for the third quarter. Although it is not a very popular stock among the funds tracked by Insider Monkey, Farmer Brothers Co. (NASDAQ:FARM) registered a boost in popularity, as the number of funds holding the stock at the end of June rose to 11, up 10% from the first quarter of 2016. Among these funds, Trigran Investments held the most valuable stake in Farmer Brothers Co. (NASDAQ:FARM) at the end of the second quarter, followed by Royce & Associates which amassed $16.3 million worth of shares. Moreover, Renaissance Technologies, Park West Asset Management, and MFP Investors were also bullish on Farmer Brothers.