Driehaus Capital Management LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Driehaus Capital Management LLC reported 353 stock positions worth $17.3 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 2.7% of the portfolio, followed by Definium Therapeutics (DFTX, 1.9%) and Praxis Precision Medicines I (PRAX, 1.9%). Compared with Q1 2026, it opened 84 new positions, sold out of 85, added to 139 and reduced 108. The biggest buy was Silicon Motion Technol-ADR (SIMO, shares +54%) and the biggest sale Fabrinet (FN, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0000938206
- Portfolio Value
- $17.3B (Q2 2026)
- SEC Filing
- 0000938206-26-000048 ↗ filed Aug 14, 2026
Holdings Value
Holdings 353 stocks · $17.3B
| TSM Taiwan Semiconductor-SP ADR | 2.72% | 984,500 | $470.2M | Reduce -22.2% |
| DFTX Definium Therapeutics Inc. | 1.87% | 6,845,276 | $322.0M | Add +15.8% |
| PRAX Praxis Precision Medicines I | 1.86% | 959,048 | $321.1M | Add +1.0% |
| XENE Xenon Pharmaceuticals Inc. | 1.55% | 4,418,557 | $266.7M | Reduce -1.6% |
| SIMO Silicon Motion Technol-ADR | 1.52% | 786,074 | $262.0M | Add +54.1% |
| SYRE Spyre Therapeutics Inc. | 1.44% | 2,799,166 | $248.5M | Add +0.3% |
| CRNX Crinetics Pharmaceuticals Inc. | 1.40% | 6,463,551 | $241.9M | Add +1.1% |
| APGE Apogee Therapeutics Inc. | 1.34% | 1,740,101 | $231.0M | Reduce -9.4% |
| GH Guardant Health Inc. | 1.33% | 1,533,985 | $230.1M | Add +0.6% |
| PL Planet Labs PBC | 1.29% | 6,721,154 | $222.7M | Reduce -15.1% |
| BAP Credicorp Ltd. | 1.26% | 557,228 | $217.1M | Add +23.6% |
| EWTX Edgewise Therapeutics Inc. | 1.11% | 4,728,623 | $192.1M | Add +5.6% |
| VICR Vicor Corp. | 1.09% | 496,507 | $188.6M | Add +162.1% |
| UCTT Ultra Clean Holdings Inc. | 1.08% | 1,309,202 | $186.7M | Add +23.2% |
| CW Curtiss-Wright Corp. | 1.01% | 229,123 | $173.6M | Add +1.5% |
| XMTR Xometry Inc. Class A | 0.99% | 1,768,213 | $170.7M | Add +16.9% |
| WULF Terawulf Inc. | 0.88% | 6,163,879 | $152.2M | Add +1.7% |
| SEPN Septerna Inc. | 0.86% | 4,433,058 | $148.5M | Add +0.8% |
| NXT Nextpower Inc. | 0.83% | 1,207,194 | $143.8M | Add +16.4% |
| CECO Ceco Environmental Corp. | 0.82% | 1,560,486 | $141.6M | Add +143.9% |
| CRDO Credo Technology Group Holdi | 0.81% | 517,062 | $140.6M | New |
| CRS Carpenter Technology | 0.81% | 227,203 | $140.1M | Reduce -28.0% |
| IBN Icici Bank Ltd.-Spon ADR | 0.81% | 4,826,120 | $140.1M | Add +13.4% |
| LASR Nlight Inc. | 0.80% | 1,986,119 | $138.3M | Add +12.0% |
| ONTO Onto Innovation Inc. | 0.78% | 354,650 | $134.2M | Add +10.6% |
| RSI Rush Street Interactive Inc. | 0.75% | 4,341,612 | $129.1M | Add +66.0% |
| SITM Sitime Corp. | 0.74% | 172,133 | $128.3M | Reduce -24.5% |
| SEI Solaris Energy Infrastructur | 0.74% | 1,584,985 | $127.5M | Reduce -2.6% |
| DAVE Dave Inc. | 0.72% | 331,537 | $123.5M | Add +431.9% |
| SRRK Scholar Rock Holding Corp. | 0.70% | 2,205,618 | $121.3M | Add +14.9% |
| STRL Sterling Infrastructure Inc. | 0.70% | 143,684 | $120.6M | Reduce -14.6% |
| BE Bloom Energy Corp. Class A | 0.68% | 390,259 | $118.1M | Reduce -54.1% |
| PTCT PTC Therapeutics Inc. | 0.68% | 1,440,107 | $117.5M | Add +41.8% |
| LTH Life Time Group Holdings Inc. | 0.68% | 2,864,852 | $117.0M | Add +342.0% |
| CDNL Cardinal Infrastructure GR-A | 0.66% | 1,208,910 | $113.9M | Add +83.0% |
| MOD Modine Manufacturing Co. | 0.65% | 422,646 | $112.9M | Reduce -14.6% |
| FMX Fomento Economico Mex-SP ADR | 0.65% | 877,127 | $112.2M | Add +9.2% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.64% | 8,314,486 | $111.1M | Add +14.1% |
| SAIA Saia Inc. | 0.64% | 262,043 | $110.4M | Add +1.6% |
| CDNS Cadence Design SYS Inc. | 0.64% | 293,693 | $110.2M | New |
| ARWR Arrowhead Pharmaceuticals Inc. | 0.64% | 1,350,556 | $110.1M | Add +13.5% |
| VALE Vale SA-SP ADR | 0.63% | 7,236,306 | $108.8M | Add +97.3% |
| UTI Universal Technical Institut | 0.62% | 2,499,689 | $106.9M | Add +42.3% |
| SCCO Southern Copper Corp. | 0.62% | 611,241 | $106.5M | Add +88.8% |
| KYMR Kymera Therapeutics Inc. | 0.61% | 919,233 | $105.4M | Reduce -11.9% |
| TWST Twist Bioscience Corp. | 0.61% | 1,022,526 | $105.2M | Add +74.9% |
| NTRA Natera Inc. | 0.60% | 383,872 | $104.2M | Add +35.0% |
| SNEX Stonex Group Inc. | 0.60% | 875,452 | $103.7M | Add +1.6% |
| COHR Coherent Corp. | 0.59% | 259,497 | $102.4M | Reduce -49.7% |
| ESE Esco Technologies Inc. | 0.58% | 287,995 | $100.8M | Add +55.1% |
| COCO The Vita Coco Co. Inc. | 0.58% | 1,503,177 | $99.4M | Reduce -1.3% |
| MTSI Macom Technology Solutions H | 0.55% | 251,107 | $95.5M | Reduce -25.4% |
| INDV Indivior Pharmaceuticals Inc. | 0.55% | 2,299,054 | $94.3M | Add +22.3% |
| ALAB Astera Labs Inc. | 0.54% | 194,619 | $94.0M | New |
| IMAX Imax Corp. | 0.54% | 2,340,475 | $93.3M | Add +41.7% |
| IMNM Immunome Inc. | 0.53% | 4,346,139 | $92.1M | Add +6.0% |
| AXSM Axsome Therapeutics Inc. | 0.53% | 372,474 | $91.2M | Add +27.4% |
| GKOS Glaukos Corp. | 0.53% | 650,571 | $90.9M | Add +33.3% |
| DOCN Digitalocean Holdings Inc. | 0.53% | 576,956 | $90.6M | Add +10.1% |
| PTGX Protagonist Therapeutics Inc. | 0.52% | 731,053 | $89.6M | Add +1.4% |
| BAND Bandwidth Inc. Class A | 0.51% | 1,388,899 | $87.9M | New |
| DY Dycom Industries Inc. | 0.51% | 172,486 | $87.2M | Add +25.6% |
| CIFR Cipher Digital Inc. | 0.50% | 3,548,322 | $86.9M | New |
| ULS Ul Solutions Inc. Class A | 0.49% | 823,352 | $83.9M | Add +1.6% |
| GPCR Structure Therapeutics Inc. | 0.48% | 1,553,219 | $83.4M | Reduce -1.5% |
| TVTX Travere Therapeutics Inc. | 0.47% | 1,439,134 | $81.8M | Add +12.2% |
| SEZL Sezzle Inc. | 0.47% | 476,026 | $81.7M | New |
| MWH Solv Energy Inc. Class A | 0.47% | 2,378,054 | $81.0M | Add +87.2% |
| VIST Vista Energy Sab DE CV | 0.47% | 1,259,484 | $80.4M | Add +0.6% |
| EOSE Eos Energy Enterprises Inc. | 0.46% | 13,556,010 | $79.7M | Reduce -8.8% |
| BROS Dutch Bros Inc. Class A | 0.46% | 1,109,974 | $79.7M | New |
| WT Wisdomtree Inc. | 0.46% | 4,702,705 | $79.7M | Add +186.0% |
| FLYW Flywire Corp.-Voting | 0.46% | 4,506,928 | $79.2M | New |
| KNX Knight-Swift Transportation | 0.46% | 1,014,111 | $79.0M | Add +5.1% |
| CAVA Cava Group Inc. | 0.45% | 996,496 | $78.2M | Add +17.7% |
| ROAD Construction Partners Inc. Class A | 0.44% | 641,417 | $76.2M | Reduce -19.3% |
| FTAI Ftai Aviation Ltd. | 0.44% | 278,208 | $75.3M | Reduce -52.0% |
| FPS Forgent Power Solutions Class A | 0.43% | 1,334,384 | $74.5M | Reduce -3.6% |
| FROG Jfrog Ltd. | 0.42% | 804,703 | $73.1M | New |
| FLNC Fluence Energy Inc. | 0.41% | 3,575,964 | $71.1M | New |
| LITE Lumentum Holdings Inc. | 0.41% | 82,768 | $71.0M | Reduce -63.9% |
| AEIS Advanced Energy Industries | 0.40% | 184,957 | $69.0M | Add +4.5% |
| MELI MercadoLibre Inc. | 0.39% | 40,135 | $68.1M | New |
| SMTC Semtech Corp. | 0.39% | 419,633 | $67.9M | Reduce -33.2% |
| ALM Almonty Industries Inc. | 0.39% | 4,039,183 | $66.9M | Reduce -1.4% |
| ALKS Alkermes PLC | 0.38% | 1,238,809 | $64.9M | Add +56.4% |
| CCJ Cameco Corp. | 0.37% | 634,006 | $64.6M | Reduce -37.4% |
| TEX Terex Corp. | 0.37% | 889,977 | $64.4M | Add +38.5% |
| MP MP Materials Corp. | 0.37% | 1,148,299 | $64.3M | Add +47.3% |
| GTX Garrett Motion Inc. | 0.37% | 1,755,586 | $63.6M | Add +43.3% |
| OPLN Openlane Inc. | 0.36% | 1,515,210 | $62.5M | Add +166.7% |
| FIX Comfort Systems USA Inc. | 0.36% | 31,499 | $62.4M | Reduce -23.4% |
| VCYT Veracyte Inc. | 0.36% | 1,045,826 | $61.4M | New |
| ZWS Zurn Elkay Water Solutions C | 0.35% | 1,195,710 | $60.4M | Add +33.2% |
| ECG Everus Construction Group | 0.35% | 360,544 | $59.8M | Reduce -30.1% |
| FCFS Firstcash Holdings Inc. | 0.35% | 276,029 | $59.7M | Add +23.5% |
| MRCY Mercury Systems Inc. | 0.35% | 487,921 | $59.7M | Add +65.6% |
| TSEM Tower Semiconductor Ltd. | 0.34% | 225,114 | $58.7M | Reduce -31.0% |
| MBX MBX Biosciences Inc. | 0.34% | 1,056,579 | $58.3M | Add +3.8% |
| BKU Bankunited Inc. | 0.33% | 1,188,026 | $57.6M | Add +29.3% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $188K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RVMDW Revolution Medicines Inc.-28 | *W EXP 12/17/202 | 20,000 | $188K | No change |
Total filed on the 13F, all lines: $17.3B.
Portfolio Sells Q1 2026 → Q2 2026
| FN Fabrinet | Reduce -95.4% | 0.06% | −1.44 |
| LITE Lumentum Holdings Inc. | Reduce -63.9% | 0.41% | −0.77 |
| EYE National Vision Holdings Inc. | Sold out | 0.00% | −0.66 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.66 |
| UEC Uranium Energy Corp. | Reduce -65.0% | 0.18% | −0.65 |
| BBIO Bridgebio Pharma Inc. | Sold out | 0.00% | −0.63 |
| IDCC Interdigital Inc. | Reduce -54.5% | 0.31% | −0.62 |
| FTAI Ftai Aviation Ltd. | Reduce -52.0% | 0.44% | −0.61 |
| KRMN Karman Holdings Inc. | Sold out | 0.00% | −0.58 |
| VSEC Vse Corp. | Reduce -77.1% | 0.15% | −0.54 |
| FTI Technipfmc PLC | Sold out | 0.00% | −0.53 |
| CGON CG Oncology Inc. | Sold out | 0.00% | −0.50 |
| CCJ Cameco Corp. | Reduce -37.4% | 0.37% | −0.43 |
| FLS Flowserve Corp. | Sold out | 0.00% | −0.43 |
| MEOH Methanex Corp. | Sold out | 0.00% | −0.43 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -22.2% | 2.72% | −0.42 |
| IAG Iamgold Corp. | Reduce -77.2% | 0.07% | −0.38 |
| XENE Xenon Pharmaceuticals Inc. | Reduce -1.6% | 1.55% | −0.37 |
| CAMT Camtek Ltd. | Sold out | 0.00% | −0.37 |
| NUVL Nuvalent Inc. Class A | Sold out | 0.00% | −0.36 |
| AMPX Amprius Technologies Inc. | Reduce -64.5% | 0.11% | −0.36 |
| TARS Tarsus Pharmaceuticals Inc. | Reduce -65.7% | 0.12% | −0.36 |
| RIG Transocean Ltd. | Sold out | 0.00% | −0.35 |
| SITE Siteone Landscape Supply Inc. | Sold out | 0.00% | −0.34 |
| PL Planet Labs PBC | Reduce -15.1% | 1.29% | −0.34 |
| SQM Quimica Y Minera Chil-SP ADR | Reduce -49.5% | 0.19% | −0.33 |
| TNL Travel + Leisure Co. | Sold out | 0.00% | −0.33 |
| MTDR Matador Resources Co. | Reduce -30.3% | 0.24% | −0.31 |
| COHR Coherent Corp. | Reduce -49.7% | 0.59% | −0.31 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.30 |
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −0.29 |
| TPB Turning Point Brands Inc. | Reduce -58.9% | 0.13% | −0.28 |
| ONC Beone Medicines Ltd.-ADR | Reduce -77.1% | 0.06% | −0.28 |
| CHRD Chord Energy Corp. | Sold out | 0.00% | −0.28 |
| UAMY United States Antimony Corp. | Reduce -69.9% | 0.07% | −0.28 |
| AAOI Applied Optoelectronics Inc. | Reduce -78.0% | 0.12% | −0.27 |
| ARQT Arcutis Biotherapeutics Inc. | Reduce -60.5% | 0.13% | −0.25 |
| TDW Tidewater Inc. | Reduce -26.4% | 0.22% | −0.25 |
| DOO BRP Inc./Ca- Sub Voting | Sold out | 0.00% | −0.24 |
| NXE Nexgen Energy Ltd. | Reduce -56.6% | 0.09% | −0.23 |
| OSIS Osi Systems Inc. | Sold out | 0.00% | −0.23 |
| PWR Quanta Services Inc. | Reduce -58.1% | 0.18% | −0.23 |
| EAT Brinker International Inc. | Sold out | 0.00% | −0.23 |
| PPTA Perpetua Resources Corp. | Sold out | 0.00% | −0.22 |
| CR Crane Co. | Reduce -69.5% | 0.10% | −0.22 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −0.21 |
| ROAD Construction Partners Inc. Class A | Reduce -19.3% | 0.44% | −0.21 |
| PTEN Patterson-Uti Energy Inc. | Sold out | 0.00% | −0.20 |
| RYTM Rhythm Pharmaceuticals Inc. | Reduce -70.4% | 0.08% | −0.20 |
| GFF Griffon Corp. | Sold out | 0.00% | −0.19 |
Portfolio Buys Q1 2026 → Q2 2026
| SIMO Silicon Motion Technol-ADR | Add +54.1% | 1.52% | +1.10 |
| DFTX Definium Therapeutics Inc. | Add +15.8% | 1.87% | +1.04 |
| VICR Vicor Corp. | Add +162.1% | 1.09% | +0.87 |
| CRDO Credo Technology Group Holdi | New | 0.81% | +0.81 |
| CDNS Cadence Design SYS Inc. | New | 0.64% | +0.64 |
| DAVE Dave Inc. | Add +431.9% | 0.72% | +0.64 |
| UCTT Ultra Clean Holdings Inc. | Add +23.2% | 1.08% | +0.60 |
| LTH Life Time Group Holdings Inc. | Add +342.0% | 0.68% | +0.55 |
| ALAB Astera Labs Inc. | New | 0.54% | +0.54 |
| CECO Ceco Environmental Corp. | Add +143.9% | 0.82% | +0.54 |
| XMTR Xometry Inc. Class A | Add +16.9% | 0.99% | +0.53 |
| BAND Bandwidth Inc. Class A | New | 0.51% | +0.51 |
| CIFR Cipher Digital Inc. | New | 0.50% | +0.50 |
| SEZL Sezzle Inc. | New | 0.47% | +0.47 |
| CDNL Cardinal Infrastructure GR-A | Add +83.0% | 0.66% | +0.47 |
| BROS Dutch Bros Inc. Class A | New | 0.46% | +0.46 |
| FLYW Flywire Corp.-Voting | New | 0.46% | +0.46 |
| FROG Jfrog Ltd. | New | 0.42% | +0.42 |
| FLNC Fluence Energy Inc. | New | 0.41% | +0.41 |
| TWST Twist Bioscience Corp. | Add +74.9% | 0.61% | +0.41 |
| SYRE Spyre Therapeutics Inc. | Add +0.3% | 1.44% | +0.41 |
| MELI MercadoLibre Inc. | New | 0.39% | +0.39 |
| VCYT Veracyte Inc. | New | 0.36% | +0.36 |
| RSI Rush Street Interactive Inc. | Add +66.0% | 0.75% | +0.33 |
| AAMI Acadian Asset Management Inc. | New | 0.33% | +0.33 |
| SAIL Sailpoint Inc. | New | 0.30% | +0.30 |
| ENPH Enphase Energy Inc. | New | 0.30% | +0.30 |
| GH Guardant Health Inc. | Add +0.6% | 1.33% | +0.30 |
| PENG Penguin Solutions Inc. | New | 0.30% | +0.30 |
| ONTO Onto Innovation Inc. | Add +10.6% | 0.78% | +0.29 |
| WT Wisdomtree Inc. | Add +186.0% | 0.46% | +0.29 |
| KGS Kodiak Gas Services Inc. | New | 0.29% | +0.29 |
| FIVN FIVE9 Inc. | New | 0.28% | +0.28 |
| PRM Perimeter Solutions Inc. | New | 0.27% | +0.27 |
| ENVA Enova International Inc. | New | 0.27% | +0.27 |
| AFRM Affirm Holdings Inc. | New | 0.25% | +0.25 |
| BLZE Backblaze Inc. Class A | New | 0.25% | +0.25 |
| OPLN Openlane Inc. | Add +166.7% | 0.36% | +0.24 |
| WULF Terawulf Inc. | Add +1.7% | 0.88% | +0.24 |
| NP Neptune Insurance Holdi Class A | New | 0.24% | +0.24 |
| RBRK Rubrik Inc. Class A | New | 0.23% | +0.23 |
| ECPG Encore Capital Group Inc. | New | 0.22% | +0.22 |
| CLDX Celldex Therapeutics Inc. | New | 0.21% | +0.21 |
| FCEL Fuelcell Energy Inc. | New | 0.21% | +0.21 |
| SCCO Southern Copper Corp. | Add +88.8% | 0.62% | +0.21 |
| GTX Garrett Motion Inc. | Add +43.3% | 0.37% | +0.20 |
| VALE Vale SA-SP ADR | Add +97.3% | 0.63% | +0.20 |
| ESE Esco Technologies Inc. | Add +55.1% | 0.58% | +0.20 |
| TH Target Hospitality Corp. | New | 0.20% | +0.20 |
| DOCN Digitalocean Holdings Inc. | Add +10.1% | 0.53% | +0.19 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 353 | $17.3B | TSM, DFTX, PRAX, XENE, SIMO |
| Q1 2026 | 354 | $13.6B | TSM, PRAX, XENE, CRNX, PL |
| Q4 2025 | 385 | $14.7B | TSM, CRNX, PRAX, GH, XENE |
| Q3 2025 | 418 | $14.0B | TSM, CRNX, PL, SITM, XENE |
| Q2 2025 | 403 | $12.5B | TSM, CCJ, IBN, AXON, CYBR |
| Q1 2025 | 388 | $10.4B | TSM, IBN, CRNX, XENE, SFM |
| Q4 2024 | 375 | $12.1B | TSM, CRNX, IBN, XENE, ALAB |
| Q3 2024 | 370 | $11.6B | TSM, CRNX, TMDX, IBN, PCVX |
| Q2 2024Amended | 361 | $10.3B | TSM, CRNX, TMDX, CCJ, IBN |
| Q1 2024 | 380 | $10.0B | TSM, SMCI, CRNX, XENE, CAMT |