Disciplined Growth Investors Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Disciplined Growth Investors Inc. reported 64 stock positions worth $4.8 billion. Its top holding was Garmin (GRMN) at 6.4% of the portfolio, followed by Expand Energy (EXE, 6.2%) and Super Micro Computer (SMCI, 5.9%). Compared with Q4 2024, it opened 2 new positions, sold out of 3, added to 31 and reduced 30. The biggest buy was Super Micro Computer (SMCI, shares +13%) and the biggest sale Arista Networks (ANET, shares −33%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0001050442
- Portfolio Value
- $4.8B (Q1 2025)
- SEC Filing
- 0001050442-25-000009 ↗ filed May 15, 2025
Holdings Value
Holdings 64 stocks · $4.8B
| GRMN Garmin Ltd. | 6.36% | 1,414,152 | $307.1M | Reduce -0.4% |
| EXE Expand Energy Corp. | 6.17% | 2,679,629 | $298.3M | Reduce -2.1% |
| SMCI Super Micro Computer Inc. | 5.92% | 8,349,727 | $285.9M | Add +13.0% |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 5.03% | 5,485,149 | $242.8M | Reduce -2.6% |
| IDCC Interdigital Inc. | 4.64% | 1,084,353 | $224.2M | Reduce -2.8% |
| PLXS Plexus Corp. | 4.38% | 1,651,311 | $211.6M | Reduce -1.5% |
| CTRA Coterra Energy Inc. | 4.15% | 6,945,328 | $200.7M | Add +23.8% |
| ALRM Alarm.com Holdings Inc. | 3.90% | 3,389,343 | $188.6M | Add +15.2% |
| AKAM Akamai Technologies Inc. | 3.08% | 1,850,380 | $149.0M | Add +14.9% |
| CGNX Cognex Corp. | 2.92% | 4,727,789 | $141.0M | Add +24.2% |
| ALGN Align Technology Inc. | 2.75% | 837,233 | $133.0M | Add +6.3% |
| SNA Snap-on Inc. | 2.75% | 394,315 | $132.9M | Reduce -0.5% |
| MCHP Microchip Technology Inc. | 2.65% | 2,647,553 | $128.2M | Add +41.6% |
| ANET Arista Networks Inc. | 2.59% | 1,616,461 | $125.2M | Reduce -32.8% |
| DLB Dolby Laboratories Inc. Class A | 2.57% | 1,546,961 | $124.2M | Add +1.2% |
| GNTX Gentex Corp. | 2.38% | 4,926,527 | $114.8M | Add +3.0% |
| INTU Intuit Inc. | 2.27% | 178,996 | $109.9M | Reduce -7.8% |
| POWI Power Integrations Inc. | 2.17% | 2,076,576 | $104.9M | Reduce -1.1% |
| SMTC Semtech Corp. | 1.98% | 2,778,615 | $95.6M | Add +3.2% |
| FND Floor & Decor Holdings Inc. Class A | 1.97% | 1,181,256 | $95.1M | Reduce -1.3% |
| PRLB Proto Labs Inc. | 1.94% | 2,670,718 | $93.6M | Add +22.9% |
| ADSK Autodesk Inc. | 1.86% | 343,756 | $90.0M | Reduce -3.4% |
| CLB Core Laboratories Inc. | 1.70% | 5,491,722 | $82.3M | Reduce -0.2% |
| GNRC Generac Holdings Inc. | 1.69% | 643,667 | $81.5M | Add +56.7% |
| TTWO Take-Two Interactive Softwre | 1.38% | 322,794 | $66.9M | Reduce -1.9% |
| ISRG Intuitive Surgical Inc. | 1.38% | 134,657 | $66.7M | Reduce -44.7% |
| TREX Trex Company Inc. | 1.32% | 1,094,363 | $63.6M | Add +188.6% |
| LGIH Lgi Homes Inc. | 1.28% | 934,007 | $62.1M | Add +0.4% |
| SFIX Stitch Fix Inc. Class A | 1.26% | 18,697,233 | $60.8M | Add +13.3% |
| VSAT Viasat Inc. | 1.09% | 5,048,751 | $52.6M | Add +28.2% |
| MSM MSC Industrial Direct Co. Class A | 0.99% | 618,116 | $48.0M | Reduce -3.7% |
| LSTR Landstar System Inc. | 0.97% | 310,617 | $46.7M | Reduce -5.1% |
| AIOT Powerfleet Inc. | 0.92% | 8,100,937 | $44.5M | Reduce -3.4% |
| MYGN Myriad Genetics Inc. | 0.87% | 4,733,692 | $42.0M | Add +85.2% |
| SSD Simpson Manufacturing Co. Inc. | 0.87% | 266,935 | $41.9M | New |
| STRA Strategic Education Inc. | 0.82% | 474,788 | $39.9M | Add +9.0% |
| UAA Under Armour Inc. Class A | 0.79% | 6,136,209 | $38.4M | Add +2.7% |
| KRNT Kornit Digital Ltd. | 0.78% | 1,984,559 | $37.9M | Reduce -1.4% |
| IPGP Ipg Photonics Corp. | 0.76% | 581,394 | $36.7M | Add +4.5% |
| GGG Graco Inc. | 0.70% | 404,026 | $33.7M | Reduce -3.3% |
| THRM Gentherm Inc. | 0.66% | 1,190,008 | $31.8M | Add +0.2% |
| DV Doubleverify Holdings Inc. | 0.57% | 2,049,356 | $27.4M | Add +72.1% |
| CELH Celsius Holdings Inc. | 0.53% | 721,264 | $25.7M | New |
| PAYX Paychex Inc. | 0.52% | 161,799 | $25.0M | Reduce -3.2% |
| RCL Royal Caribbean Cruises Ltd. | 0.43% | 100,217 | $20.6M | Reduce -82.8% |
| PRO Pros Holdings Inc. | 0.42% | 1,074,105 | $20.4M | Add +117.9% |
| SPSC SPS Commerce Inc. | 0.41% | 147,627 | $19.6M | Reduce -4.6% |
| CTLP Cantaloupe Inc. | 0.32% | 1,981,603 | $15.6M | Add +26.2% |
| PGNY Progyny Inc. | 0.30% | 653,070 | $14.6M | Reduce -1.1% |
| CEVA Ceva Inc. | 0.23% | 440,719 | $11.3M | Reduce -1.6% |
| MLKN Millerknoll Inc. | 0.23% | 571,822 | $10.9M | Add +55.9% |
| ZIP Ziprecruiter Inc. Class A | 0.20% | 1,621,606 | $9.6M | Add +60.5% |
| MTLS Materialise NV-ADR | 0.19% | 1,875,347 | $9.2M | Add +20.2% |
| GEOS Geospace Technologies Corp. | 0.19% | 1,268,330 | $9.1M | Reduce -11.0% |
| SSTI Soundthinking Inc. | 0.16% | 450,242 | $7.6M | Add +0.1% |
| VRNT Verint Systems Inc. | 0.15% | 400,386 | $7.1M | Add +106.7% |
| SRDX Surmodics Inc. | 0.13% | 202,953 | $6.2M | Reduce -11.6% |
| INMD Inmode Ltd. | 0.11% | 296,637 | $5.3M | Reduce -2.4% |
| EGAN Egain Corp. | 0.10% | 963,494 | $4.7M | Reduce -4.6% |
| FOXF Fox Factory Holding Corp. | 0.07% | 137,239 | $3.2M | Add +1.3% |
| MDXG Mimedx Group Inc. | 0.05% | 339,864 | $2.6M | Reduce -2.3% |
| SRI Stoneridge Inc. | 0.02% | 227,929 | $1.0M | Add +0.6% |
| AAPL Apple Inc. | 0.01% | 1,332 | $296K | Reduce -9.0% |
| MSFT Microsoft Corp. | 0.01% | 679 | $255K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| ANET Arista Networks Inc. | Reduce -32.8% | 2.59% | −2.46 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -82.8% | 0.43% | −2.13 |
| P Everpure Inc. Class A | Reduce -2.6% | 5.03% | −1.55 |
| ISRG Intuitive Surgical Inc. | Reduce -44.7% | 1.38% | −1.04 |
| PLXS Plexus Corp. | Reduce -1.5% | 4.38% | −0.61 |
| KRNT Kornit Digital Ltd. | Reduce -1.4% | 0.78% | −0.40 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -1.3% | 1.97% | −0.30 |
| POWI Power Integrations Inc. | Reduce -1.1% | 2.17% | −0.29 |
| AIOT Powerfleet Inc. | Reduce -3.4% | 0.92% | −0.14 |
| ADSK Autodesk Inc. | Reduce -3.4% | 1.86% | −0.14 |
| SPSC SPS Commerce Inc. | Reduce -4.6% | 0.41% | −0.14 |
| CLB Core Laboratories Inc. | Reduce -0.2% | 1.70% | −0.11 |
| LSTR Landstar System Inc. | Reduce -5.1% | 0.97% | −0.10 |
| GEOS Geospace Technologies Corp. | Reduce -11.0% | 0.19% | −0.08 |
| INTU Intuit Inc. | Reduce -7.8% | 2.27% | −0.05 |
| SRDX Surmodics Inc. | Reduce -11.6% | 0.13% | −0.04 |
| CEVA Ceva Inc. | Reduce -1.6% | 0.23% | −0.04 |
| EGAN Egain Corp. | Reduce -4.6% | 0.10% | −0.02 |
| CHRS Coherus Oncology Inc. | Sold out | 0.00% | −0.01 |
| MDXG Mimedx Group Inc. | Reduce -2.3% | 0.05% | −0.01 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.01 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.01 |
| AAPL Apple Inc. | Reduce -9.0% | 0.01% | −0.00 |
| INMD Inmode Ltd. | Reduce -2.4% | 0.11% | +0.01 |
| GGG Graco Inc. | Reduce -3.3% | 0.70% | +0.03 |
| PAYX Paychex Inc. | Reduce -3.2% | 0.52% | +0.07 |
| MSM MSC Industrial Direct Co. Class A | Reduce -3.7% | 0.99% | +0.08 |
| PGNY Progyny Inc. | Reduce -1.1% | 0.30% | +0.09 |
| SNA Snap-on Inc. | Reduce -0.5% | 2.75% | +0.19 |
| TTWO Take-Two Interactive Softwre | Reduce -1.9% | 1.38% | +0.23 |
| IDCC Interdigital Inc. | Reduce -2.8% | 4.64% | +0.53 |
| GRMN Garmin Ltd. | Reduce -0.4% | 6.36% | +0.79 |
| EXE Expand Energy Corp. | Reduce -2.1% | 6.17% | +0.99 |
Portfolio Buys Q4 2024 → Q1 2025
| SMCI Super Micro Computer Inc. | Add +13.0% | 5.92% | +1.63 |
| CTRA Coterra Energy Inc. | Add +23.8% | 4.15% | +1.43 |
| SSD Simpson Manufacturing Co. Inc. | New | 0.87% | +0.87 |
| TREX Trex Company Inc. | Add +188.6% | 1.32% | +0.82 |
| MCHP Microchip Technology Inc. | Add +41.6% | 2.65% | +0.61 |
| CELH Celsius Holdings Inc. | New | 0.53% | +0.53 |
| ALRM Alarm.com Holdings Inc. | Add +15.2% | 3.90% | +0.50 |
| GNRC Generac Holdings Inc. | Add +56.7% | 1.69% | +0.48 |
| VSAT Viasat Inc. | Add +28.2% | 1.09% | +0.45 |
| CGNX Cognex Corp. | Add +24.2% | 2.92% | +0.32 |
| PRLB Proto Labs Inc. | Add +22.9% | 1.94% | +0.32 |
| DLB Dolby Laboratories Inc. Class A | Add +1.2% | 2.57% | +0.30 |
| PRO Pros Holdings Inc. | Add +117.9% | 0.42% | +0.22 |
| MYGN Myriad Genetics Inc. | Add +85.2% | 0.87% | +0.20 |
| AKAM Akamai Technologies Inc. | Add +14.9% | 3.08% | +0.15 |
| DV Doubleverify Holdings Inc. | Add +72.1% | 0.57% | +0.13 |
| MLKN Millerknoll Inc. | Add +55.9% | 0.23% | +0.07 |
| ZIP Ziprecruiter Inc. Class A | Add +60.5% | 0.20% | +0.06 |
| STRA Strategic Education Inc. | Add +9.0% | 0.82% | +0.05 |
| VRNT Verint Systems Inc. | Add +106.7% | 0.15% | +0.05 |
| SSTI Soundthinking Inc. | Add +0.1% | 0.16% | +0.05 |
| CTLP Cantaloupe Inc. | Add +26.2% | 0.32% | +0.04 |
| SRI Stoneridge Inc. | Add +0.6% | 0.02% | −0.01 |
| IPGP Ipg Photonics Corp. | Add +4.5% | 0.76% | −0.01 |
| FOXF Fox Factory Holding Corp. | Add +1.3% | 0.07% | −0.01 |
| MTLS Materialise NV-ADR | Add +20.2% | 0.19% | −0.02 |
| SFIX Stitch Fix Inc. Class A | Add +13.3% | 1.26% | −0.10 |
| UAA Under Armour Inc. Class A | Add +2.7% | 0.79% | −0.15 |
| GNTX Gentex Corp. | Add +3.0% | 2.38% | −0.24 |
| THRM Gentherm Inc. | Add +0.2% | 0.66% | −0.24 |
| LGIH Lgi Homes Inc. | Add +0.4% | 1.28% | −0.30 |
| ALGN Align Technology Inc. | Add +6.3% | 2.75% | −0.37 |
| SMTC Semtech Corp. | Add +3.2% | 1.98% | −1.19 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 58 | $5.9B | PLXS, VSAT, P, GRMN, ANET |
| Q1 2026 | 61 | $4.9B | GRMN, PLXS, P, EXE, VSAT |
| Q4 2025 | 61 | $5.2B | P, GRMN, SMCI, EXE, ANET |
| Q3 2025 | 64 | $5.5B | SMCI, P, GRMN, ANET, IDCC |
| Q2 2025 | 64 | $5.2B | SMCI, P, EXE, GRMN, PLXS |
| Q1 2025 | 64 | $4.8B | GRMN, EXE, SMCI, P, IDCC |
| Q4 2024 | 65 | $5.3B | P, GRMN, EXE, ANET, PLXS |
| Q3 2024 | 69 | $5.3B | SMCI, PLXS, P, GRMN, ANET |
| Q2 2024 | 66 | $5.3B | SMCI, P, GRMN, PLXS, ANET |
| Q1 2024 | 68 | $5.5B | SMCI, P, SWN, ALGN, GRMN |