Capital Impact Advisors, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Capital Impact Advisors, LLC reported 92 stock positions worth $76.9 million. Its top holding was Super Micro Computer (SMCI) at 4.5% of the portfolio, followed by Robinhood Markets Class A (HOOD, 3.0%) and Toast Class A (TOST, 2.6%). Compared with Q4 2023, it opened 9 new positions, sold out of 9, added to 19 and reduced 30. The biggest buy was a new position in Skechers USA Class A (SKX) and the biggest sale Affirm (AFRM, shares −61%).

Most Recent 13F
Q2 2026
Location
Boston, MA
CIK
0001602198
Portfolio Value
$76.9M (Q1 2024)
SEC Filing
0001420506-24-000966 ↗ filed May 15, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $76.9M $76.9M Q1 2024 Q2 2024: $35.5M Q2 2024 Q3 2024: $3.2M Q3 2024 Q1 2025: $261.0M Q1 2025 Q2 2025: $332.2M Q2 2025 Q3 2025: $447.1M Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $247.5M Q1 2026 Q2 2026: $1.8B Q2 2026

Holdings 92 stocks · $76.9M
SMCI Super Micro Computer Inc. 4.51% 3,434 $3.5M No change
HOOD Robinhood Markets Inc. Class A 3.04% 116,084 $2.3M Add +47.8%
TOST Toast Inc. Class A 2.61% 80,502 $2.0M Reduce -32.9%
PI Impinj Inc. 2.33% 13,936 $1.8M Add +152.4%
PEGA Pegasystems Inc. 2.28% 27,128 $1.8M Reduce -4.2%
LSCC Lattice Semiconductor Corp. 2.25% 22,126 $1.7M Add +88.2%
SANM Sanmina Corp. 2.17% 26,867 $1.7M Add +93.0%
SKX Skechers USA Inc. Class A 1.98% 24,876 $1.5M New
GMED Globus Medical Inc. Class A 1.95% 27,946 $1.5M Add +198.8%
LBRT Liberty Energy Inc. 1.94% 72,046 $1.5M No change
MASI Masimo Corp. 1.93% 10,120 $1.5M New
W Wayfair Inc. Class A 1.92% 21,809 $1.5M Add +44.7%
EXAS Exact Sciences Corp. 1.91% 21,279 $1.5M Add +144.8%
PLMR Palomar Holdings Inc. 1.88% 17,232 $1.4M New
SSTK Shutterstock Inc. 1.79% 30,014 $1.4M Add +51.7%
ELF Elf Beauty Inc. 1.74% 6,822 $1.3M Add +20.8%
SEM Select Medical Holdings Corp. 1.67% 42,734 $1.3M Add +92.3%
PUBM Pubmatic Inc. Class A 1.67% 54,187 $1.3M Reduce -13.8%
MEDP Medpace Holdings Inc. 1.59% 3,030 $1.2M No change
ALTR Altair Engineering Inc. Class A 1.57% 14,060 $1.2M No change
UPST Upstart Holdings Inc. 1.55% 44,369 $1.2M Reduce -8.8%
FIVE Five Below 1.52% 6,433 $1.2M Add +311.1%
RH RH 1.41% 3,113 $1.1M No change
EXEL Exelixis Inc. 1.32% 42,909 $1.0M New
SHAK Shake Shack Inc. Class A 1.32% 9,729 $1.0M No change
MDGL Madrigal Pharmaceuticals Inc. 1.29% 3,726 $995K Reduce -25.4%
SLP Simulations Plus Inc. 1.26% 23,504 $967K Add +236.6%
KYMR Kymera Therapeutics Inc. 1.25% 23,889 $960K No change
KRYS Krystal Biotech Inc. 1.24% 5,343 $951K Reduce -6.7%
CPRX Catalyst Pharmaceuticals Inc. 1.23% 59,577 $950K No change
ESAB Esab Corp. 1.23% 8,572 $948K No change
CHWY Chewy Inc. Class A 1.22% 58,958 $938K Add +66.1%
AN Autonation Inc. 1.17% 5,449 $902K No change
SWAV Shockwave Medical Inc. 1.16% 2,744 $894K New
NTLA Intellia Therapeutics Inc. 1.14% 31,993 $880K Add +22.4%
BILL Bill Holdings Inc. 1.13% 12,663 $870K Reduce -50.0%
APPN Appian Corp. Class A 1.11% 21,402 $855K No change
COHR Coherent Corp. 1.10% 13,929 $844K Reduce -2.3%
MXL Maxlinear Inc. 1.09% 45,068 $841K No change
ML Moneylion Inc. 1.06% 11,411 $814K Add +53.9%
GDYN Grid Dynamics Holdings Inc. 1.05% 65,716 $808K No change
REAL The Realreal Inc. filed as THE REALREAL INC 1.03% 202,202 $791K No change
AMPH Amphastar Pharmaceuticals Inc. 0.94% 16,425 $721K Add +7.3%
CARG Cargurus Inc. 0.92% 30,764 $710K No change
ZYXIQ Zynex Inc. 0.91% 56,818 $703K Reduce -46.5%
FSLY Fastly Inc. Class A 0.91% 53,722 $697K No change
AFRM Affirm Holdings Inc. 0.89% 18,387 $685K Reduce -60.9%
CORT Corcept Therapeutics Inc. 0.87% 26,537 $668K New
XPEL Xpel Inc. 0.86% 12,208 $659K No change
YELP Yelp Inc. 0.86% 16,702 $658K No change
THO Thor Industries Inc. 0.84% 5,515 $647K Add +112.4%
AAON Aaon Inc. 0.83% 7,287 $642K Add +2.2%
CLH Clean Harbors Inc. 0.82% 3,135 $631K New
WOLF Wolfspeed Inc. 0.82% 21,337 $629K Reduce -8.9%
NSP Insperity Inc. 0.80% 5,585 $612K New
TWST Twist Bioscience Corp. 0.78% 17,559 $602K Reduce -62.4%
PD Pagerduty Inc. 0.75% 25,364 $575K Reduce -60.1%
ONEW Onewater Marine Inc. Class A 0.75% 20,369 $573K No change
ZUO Zuora Inc. Class A 0.74% 62,177 $567K Reduce -47.8%
TRUP Trupanion Inc. 0.74% 20,530 $567K No change
SPT Sprout Social Inc. Class A 0.72% 9,235 $551K No change
ESI Element Solutions Inc. 0.69% 21,321 $533K No change
ARVN Arvinas Inc. 0.68% 12,710 $525K Reduce -58.4%
LOB Live Oak Bancshares Inc. 0.68% 12,582 $522K No change
PHR Phreesia Inc. 0.67% 21,666 $518K No change
CRSP Crispr Therapeutics AG 0.67% 7,605 $518K Reduce -48.0%
CSTL Castle Biosciences Inc. 0.65% 22,713 $503K Add +37.2%
TXG 10X Genomics Inc. Class A 0.65% 13,299 $499K Reduce -43.6%
VCYT Veracyte Inc. 0.63% 21,767 $482K Reduce -7.3%
FLWS 1-800-Flowers.com Inc. Class A 0.61% 43,428 $470K No change
BBIO Bridgebio Pharma Inc. 0.59% 14,762 $456K Reduce -30.6%
PFBC Preferred Bank/Los Angeles 0.57% 5,735 $440K No change
ETSY Etsy Inc. 0.57% 6,384 $439K Reduce -50.0%
MTCH Match Group Inc. 0.55% 11,690 $424K Reduce -49.0%
PACB Pacific Biosciences of Calif 0.55% 112,567 $422K Reduce -22.7%
SDGR Schrodinger Inc. 0.54% 15,420 $416K Reduce -35.3%
VICR Vicor Corp. 0.52% 10,379 $397K No change
EB Eventbrite Inc. Class A 0.51% 71,753 $393K No change
DNA Ginkgo Bioworks Holdings Inc. 0.50% 328,667 $381K Reduce -36.4%
AGNT Agnt Inc. filed as EXP WORLD HLDGS INC 0.47% 34,996 $362K No change
TDOC Teladoc Health Inc. 0.46% 23,228 $351K Reduce -63.5%
GH Guardant Health Inc. 0.45% 16,619 $343K Reduce -52.8%
ENOV Enovis Corp. 0.44% 5,446 $340K No change
PATH Uipath Inc. Class A 0.41% 13,847 $314K Reduce -67.9%
RSI Rush Street Interactive Inc. 0.40% 47,280 $308K Reduce -73.0%
ALGT Allegiant Travel Co. 0.30% 3,112 $234K No change
ACAD Acadia Pharmaceuticals Inc. 0.23% 9,686 $179K No change
LEGH Legacy Housing Corp. 0.23% 8,276 $178K No change
ALEC Alector Inc. 0.19% 24,562 $148K Reduce -76.0%
FORR Forrester Research Inc. 0.14% 4,946 $107K No change
SMLR Semler Scientific Inc. 0.10% 2,660 $78K New
UP Wheels Up Experience Inc. 0.01% 3,838 $11K Reduce -95.2%

Portfolio Sells Q4 2023 → Q1 2024
AFRM Affirm Holdings Inc. Reduce -60.9% 0.89% −2.14
BILL Bill Holdings Inc. Reduce -50.0% 1.13% −1.58
TWST Twist Bioscience Corp. Reduce -62.4% 0.78% −1.48
ASAN Asana Inc. Class A Sold out 0.00% −1.38
TDOC Teladoc Health Inc. Reduce -63.5% 0.46% −1.34
PACB Pacific Biosciences of Calif Reduce -22.7% 0.55% −1.33
AMRC Ameresco Inc. Class A Sold out 0.00% −1.29
PD Pagerduty Inc. Reduce -60.1% 0.75% −1.19
TXG 10X Genomics Inc. Class A Reduce -43.6% 0.65% −1.09
TTEC Ttec Holdings Inc. Sold out 0.00% −1.06
UPST Upstart Holdings Inc. Reduce -8.8% 1.55% −1.06
ACHR Archer Aviation Inc. Class A Sold out 0.00% −1.02
SIG Signet Jewelers Ltd. Sold out 0.00% −1.01
PATH Uipath Inc. Class A Reduce -67.9% 0.41% −1.00
ARVN Arvinas Inc. Reduce -58.4% 0.68% −0.97
ALEC Alector Inc. Reduce -76.0% 0.19% −0.88
GH Guardant Health Inc. Reduce -52.8% 0.45% −0.81
ETSY Etsy Inc. Reduce -50.0% 0.57% −0.79
OMCL Omnicell Inc. Sold out 0.00% −0.78
ZUO Zuora Inc. Class A Reduce -47.8% 0.74% −0.73
DNA Ginkgo Bioworks Holdings Inc. Reduce -36.4% 0.50% −0.65
RSI Rush Street Interactive Inc. Reduce -73.0% 0.40% −0.63
RCUS Arcus Biosciences Inc. Sold out 0.00% −0.61
ZYXIQ Zynex Inc. Reduce -46.5% 0.91% −0.61
SDGR Schrodinger Inc. Reduce -35.3% 0.54% −0.58
MTCH Match Group Inc. Reduce -49.0% 0.55% −0.55
BBIO Bridgebio Pharma Inc. Reduce -30.6% 0.59% −0.54
CRSP Crispr Therapeutics AG Reduce -48.0% 0.67% −0.53
WOLF Wolfspeed Inc. Reduce -8.9% 0.82% −0.52
CERS Cerus Corp. Sold out 0.00% −0.37
UP Wheels Up Experience Inc. Reduce -95.2% 0.01% −0.35
BEAM Beam Therapeutics Inc. Sold out 0.00% −0.29
TOST Toast Inc. Class A Reduce -32.9% 2.61% −0.27
MDGL Madrigal Pharmaceuticals Inc. Reduce -25.4% 1.29% −0.22
VCYT Veracyte Inc. Reduce -7.3% 0.63% −0.22
COHR Coherent Corp. Reduce -2.3% 1.10% +0.28
KRYS Krystal Biotech Inc. Reduce -6.7% 1.24% +0.30
PUBM Pubmatic Inc. Class A Reduce -13.8% 1.67% +0.32
PEGA Pegasystems Inc. Reduce -4.2% 2.28% +0.46

Portfolio Buys Q4 2023 → Q1 2024
SKX Skechers USA Inc. Class A New 1.98% +1.98
MASI Masimo Corp. New 1.93% +1.93
PLMR Palomar Holdings Inc. New 1.88% +1.88
HOOD Robinhood Markets Inc. Class A Add +47.8% 3.04% +1.72
PI Impinj Inc. Add +152.4% 2.33% +1.67
EXEL Exelixis Inc. New 1.32% +1.32
GMED Globus Medical Inc. Class A Add +198.8% 1.95% +1.29
SANM Sanmina Corp. Add +93.0% 2.17% +1.23
LSCC Lattice Semiconductor Corp. Add +88.2% 2.25% +1.18
SWAV Shockwave Medical Inc. New 1.16% +1.16
FIVE Five Below Add +311.1% 1.52% +1.08
EXAS Exact Sciences Corp. Add +144.8% 1.91% +1.06
SEM Select Medical Holdings Corp. Add +92.3% 1.67% +0.99
CORT Corcept Therapeutics Inc. New 0.87% +0.87
SLP Simulations Plus Inc. Add +236.6% 1.26% +0.85
CLH Clean Harbors Inc. New 0.82% +0.82
NSP Insperity Inc. New 0.80% +0.80
W Wayfair Inc. Class A Add +44.7% 1.92% +0.70
ELF Elf Beauty Inc. Add +20.8% 1.74% +0.67
SSTK Shutterstock Inc. Add +51.7% 1.79% +0.53
ML Moneylion Inc. Add +53.9% 1.06% +0.45
THO Thor Industries Inc. Add +112.4% 0.84% +0.44
CSTL Castle Biosciences Inc. Add +37.2% 0.65% +0.18
AAON Aaon Inc. Add +2.2% 0.83% +0.14
CHWY Chewy Inc. Class A Add +66.1% 1.22% +0.12
SMLR Semler Scientific Inc. New 0.10% +0.10
NTLA Intellia Therapeutics Inc. Add +22.4% 1.14% +0.10
AMPH Amphastar Pharmaceuticals Inc. Add +7.3% 0.94% −0.31

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 29$1.8BNVDA, ALAB, GOOGL, META, APP
Q1 2026 30$247.5MNVDA, META, UI, ANET, PLTR
Q4 2025 30$1.3BNVDA, META, CART, AFRM, PATH
Q3 2025 30$447.1MNVDA, APP, META, ORCL, ANET
Q2 2025 30$332.2MNVDA, ORCL, META, HOOD, NFLX
Q1 2025 30$261.0MGOOGL, META, NVDA, ORCL, DASH
Q3 2024 1$3.2MXOVR
Q2 2024 53$35.5MSMCI, GMED, PEGA, TOST, TWST
Q1 2024 92$76.9MSMCI, HOOD, TOST, PI, PEGA