Granahan Cuts Stake in Enovix by Nearly 20%

Granahan Investment Management LLC cut its stake in Enovix Corporation (NASDAQ:ENVX) by nearly 20% during the first quarter of 2026, according to a recent SEC filing.

The firm sold 374,979 shares during this period, reducing its total holdings to 1,589,586 shares. As a result, Granahan Investment Management LLC now owns approximately 0.73% of Enovix worth around $8.2 million as of the most recent SEC filing.

This move comes amidst ongoing market fluctuations and shifting investor sentiment. Several other hedge funds and institutional investors have also adjusted their positions in Enovix during this quarter, including Cetera Investment Advisers, Swiss National Bank, Wealthfront Advisers LLC, and Bank of New York Mellon Corp, among others.