Trimble Navigation, Ltd. (TRMB) was also a top contributor during the period. Trimble Navigation’s GPS solutions continued to gain traction in the marketplace, which drove strong fundamental performance. Trimble Navigation’s products enable customers to increase overall productivity and reduce costs, which we believe creates strong demand for their products. Based on the low market penetration across myriad industries and geographies, we continue to view the company as very well positioned.
From Meridian Funds's semi-annual report ended December 31, 2013.
