Driehaus Capital Management LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Driehaus Capital Management LLC reported 370 stock positions worth $11.6 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 4.6% of the portfolio, followed by Crinetics Pharmaceuticals (CRNX, 2.6%) and Transmedics (TMDX, 1.9%). Compared with Q2 2024, it opened 96 new positions, sold out of 87, added to 148 and reduced 98. The biggest buy was a new position in Varonis Systems (VRNS) and the biggest sale an exit from Camtek (CAMT).
- Most Recent 13F
- Q2 2026
- Location
- Chicago, IL
- CIK
- 0000938206
- Portfolio Value
- $11.6B (Q3 2024)
- SEC Filing
- 0000938206-24-000037 ↗ filed Nov 14, 2024
Holdings Value
Holdings 370 stocks · $11.6B
| TSM Taiwan Semiconductor-SP ADR | 4.58% | 3,071,267 | $533.4M | Reduce -6.6% |
| CRNX Crinetics Pharmaceuticals Inc. | 2.58% | 5,885,248 | $300.7M | Reduce -3.7% |
| TMDX Transmedics Group Inc. | 1.94% | 1,442,207 | $226.4M | Reduce -3.0% |
| IBN Icici Bank Ltd.-Spon ADR | 1.71% | 6,676,277 | $199.3M | Add +4.9% |
| PCVX Vaxcyte Inc. | 1.69% | 1,721,296 | $196.7M | Reduce -11.0% |
| MOD Modine Manufacturing Co. | 1.60% | 1,400,787 | $186.0M | Add +27.1% |
| XENE Xenon Pharmaceuticals Inc. | 1.55% | 4,595,721 | $180.9M | Add +4.0% |
| FTAI Ftai Aviation Ltd. | 1.53% | 1,341,669 | $178.3M | Reduce -13.9% |
| AXON Axon Enterprise Inc. | 1.44% | 418,304 | $167.2M | Reduce -3.7% |
| APGE Apogee Therapeutics Inc. | 1.28% | 2,533,607 | $148.8M | Add +19.6% |
| COHR Coherent Corp. | 1.16% | 1,513,191 | $134.5M | Add +16.0% |
| MELI MercadoLibre Inc. | 1.13% | 63,987 | $131.3M | Add +102.1% |
| SG Sweetgreen Inc. Class A | 1.04% | 3,416,313 | $121.1M | Add +27.1% |
| GKOS Glaukos Corp. | 0.96% | 861,607 | $112.3M | Add +7.2% |
| NTRA Natera Inc. | 0.96% | 882,729 | $112.1M | Reduce -27.7% |
| GPCR Structure Therapeutics Inc. | 0.95% | 2,526,430 | $110.9M | Reduce -2.0% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.92% | 16,087,482 | $107.0M | Add +126.1% |
| CYBR Cyberark Software Ltd./Israel | 0.91% | 363,474 | $106.0M | Add +6.7% |
| FRPT Freshpet Inc. | 0.91% | 771,517 | $105.5M | Add +7.0% |
| MNDY Monday.com Ltd. | 0.90% | 377,089 | $104.7M | Reduce -3.2% |
| SMTC Semtech Corp. | 0.86% | 2,184,973 | $99.8M | Add +50.5% |
| SFM Sprouts Farmers Market Inc. | 0.85% | 896,527 | $99.0M | Add +22.0% |
| FN Fabrinet | 0.82% | 405,123 | $95.8M | Add +45.7% |
| SCCO Southern Copper Corp. | 0.81% | 811,302 | $93.8M | Add +22.1% |
| CW Curtiss-Wright Corp. | 0.80% | 283,135 | $93.1M | Add +28.9% |
| CAVA Cava Group Inc. | 0.77% | 723,327 | $89.6M | Reduce -1.3% |
| TCOM Trip.com Group Ltd.-ADR | 0.76% | 1,493,868 | $88.8M | Add +5.2% |
| NUVL Nuvalent Inc. Class A | 0.76% | 863,957 | $88.4M | Add +24.0% |
| WING Wingstop Inc. | 0.73% | 205,074 | $85.3M | Add +6.1% |
| TTEK Tetra Tech Inc. | 0.73% | 1,808,113 | $85.3M | Add +7.6% |
| KNF Knife River Corp. | 0.73% | 948,465 | $84.8M | Add +35.7% |
| EPI Wisdomtree India Earnings | 0.72% | 1,671,170 | $84.3M | Add +7.5% |
| FIX Comfort Systems USA Inc. | 0.69% | 204,637 | $79.9M | Add +34.0% |
| EMBJ Embraer SA-Spon ADR | 0.68% | 2,248,355 | $79.5M | Add +56.2% |
| FSS Federal Signal Corp. | 0.68% | 846,070 | $79.1M | Reduce -7.3% |
| CVNA Carvana Co. | 0.67% | 449,224 | $78.2M | Reduce -22.8% |
| CRDO Credo Technology Group Holdi | 0.66% | 2,502,293 | $77.1M | Reduce -34.0% |
| VRNS Varonis Systems Inc. | 0.65% | 1,349,464 | $76.2M | New |
| BAP Credicorp Ltd. | 0.64% | 409,900 | $74.2M | Add +14.3% |
| AAON Aaon Inc. | 0.61% | 657,045 | $70.9M | Add +70.7% |
| BRBR Bellring Brands Inc. | 0.61% | 1,163,506 | $70.6M | Reduce -43.6% |
| ASPN Aspen Aerogels Inc. | 0.61% | 2,550,857 | $70.6M | Add +18.3% |
| STRL Sterling Infrastructure Inc. | 0.61% | 486,559 | $70.6M | Reduce -8.8% |
| CR Crane Co. | 0.60% | 444,894 | $70.4M | Add +15.7% |
| LTH Life Time Group Holdings Inc. | 0.59% | 2,810,667 | $68.6M | New |
| RYTM Rhythm Pharmaceuticals Inc. | 0.58% | 1,299,490 | $68.1M | Add +9.9% |
| MRUS Merus NV | 0.58% | 1,358,968 | $67.9M | Reduce -12.3% |
| PBR Petroleo Brasileiro-Spon ADR | 0.58% | 4,703,231 | $67.8M | New |
| CVLT Commvault Systems Inc. | 0.56% | 424,019 | $65.2M | New |
| TEVA Teva Pharmaceutical-SP ADR | 0.56% | 3,611,503 | $65.1M | Add +153.9% |
| LRN Stride Inc. | 0.55% | 749,223 | $63.9M | Add +84.3% |
| PSN Parsons Corp. | 0.55% | 614,705 | $63.7M | Add +71.6% |
| KYMR Kymera Therapeutics Inc. | 0.54% | 1,328,703 | $62.9M | Add +494.7% |
| EVR Evercore Inc. Class A | 0.52% | 240,855 | $61.0M | Add +32.8% |
| DRS Leonardo DRS Inc. | 0.52% | 2,154,548 | $60.8M | Reduce -5.6% |
| ROAD Construction Partners Inc. Class A | 0.50% | 831,991 | $58.1M | Add +46.1% |
| WULF Terawulf Inc. | 0.49% | 12,320,414 | $57.7M | Add +451.1% |
| CORZ Core Scientific Inc. | 0.49% | 4,839,303 | $57.4M | New |
| ALKT Alkami Technology Inc. | 0.49% | 1,793,698 | $56.6M | Add +64.4% |
| BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN | 0.49% | 1,134,710 | $56.5M | Add +21.8% |
| WAL Western Alliance Bancorp | 0.48% | 651,815 | $56.4M | Add +60.3% |
| EME Emcor Group Inc. | 0.48% | 129,986 | $56.0M | Add +17.9% |
| ITGR Integer Holdings Corp. | 0.48% | 427,758 | $55.6M | Add +21.2% |
| HCI Hci Group Inc. | 0.48% | 519,214 | $55.6M | Reduce -22.3% |
| PLMR Palomar Holdings Inc. | 0.47% | 581,422 | $55.0M | Add +93.7% |
| SE Sea Ltd.-ADR | 0.47% | 580,952 | $54.8M | New |
| ATI Ati Inc. | 0.47% | 816,690 | $54.6M | Add +56.7% |
| SITM Sitime Corp. | 0.46% | 310,133 | $53.2M | Add +129.2% |
| BROS Dutch Bros Inc. Class A | 0.45% | 1,653,761 | $53.0M | Reduce -26.3% |
| EWTX Edgewise Therapeutics Inc. | 0.45% | 1,953,424 | $52.1M | Add +55.0% |
| GLOB Globant SA | 0.43% | 254,908 | $50.5M | New |
| SPXC SPX Technologies Inc. | 0.43% | 316,159 | $50.4M | Reduce -6.0% |
| SKWD Skyward Specialty Insurance | 0.43% | 1,235,120 | $50.3M | Reduce -1.9% |
| GGAL Grupo Financiero Galicia-ADR | 0.43% | 1,193,229 | $50.2M | Add +90.7% |
| APPF Appfolio Inc. Class A | 0.43% | 212,984 | $50.1M | Reduce -6.4% |
| AGI Alamos Gold Inc. Class A | 0.43% | 2,497,723 | $49.8M | Add +74.6% |
| CWAN Clearwater Analytics HDS-A | 0.42% | 1,945,851 | $49.1M | New |
| KMPR Kemper Corp. | 0.42% | 799,072 | $48.9M | Reduce -21.3% |
| NTNX Nutanix Inc. Class A | 0.42% | 825,303 | $48.9M | Reduce -42.5% |
| CCJ Cameco Corp. | 0.42% | 1,019,573 | $48.7M | Reduce -74.0% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.42% | 2,429,763 | $48.4M | Add +3111.8% |
| WVE Wave Life Sciences Ltd. | 0.41% | 5,858,860 | $48.0M | Add +545.2% |
| MGNI Magnite Inc. | 0.41% | 3,416,828 | $47.3M | Add +356.9% |
| VIST Vista Energy Sab DE CV | 0.41% | 1,068,749 | $47.2M | Reduce -13.4% |
| ALSN Allison Transmission Holding | 0.40% | 480,510 | $46.2M | New |
| SKY Champion Homes Inc. | 0.40% | 485,600 | $46.1M | Add +171.3% |
| ESI Element Solutions Inc. | 0.39% | 1,675,772 | $45.5M | Add +40.4% |
| VRDN Viridian Therapeutics Inc. | 0.39% | 1,991,490 | $45.3M | New |
| HEI Heico Corp. | 0.39% | 173,118 | $45.3M | Reduce -10.7% |
| PAAS Pan American Silver Corp. | 0.38% | 2,127,238 | $44.4M | Add +10.9% |
| RARE Ultragenyx Pharmaceutical Inc. | 0.37% | 783,944 | $43.5M | Add +48.4% |
| TMO Thermo Fisher Scientific Inc. | 0.36% | 68,294 | $42.2M | Add +4381.2% |
| QNST Quinstreet Inc. | 0.36% | 2,170,479 | $41.5M | Add +43.8% |
| ADMA Adma Biologics Inc. | 0.35% | 2,055,803 | $41.1M | Reduce -32.1% |
| TBBK The Bancorp Inc. | 0.35% | 765,014 | $40.9M | New |
| MAX Mediaalpha Inc. Class A | 0.35% | 2,247,395 | $40.7M | Add +56.4% |
| ENVX Enovix Corp. | 0.35% | 4,336,190 | $40.5M | Add +11.6% |
| RNAM Avidity Biosciences Inc. | 0.34% | 871,944 | $40.0M | New |
| TBBB BBB Foods Inc. Class A | 0.34% | 1,334,842 | $40.0M | Add +19.9% |
| VERX Vertex Inc. Class A | 0.33% | 1,011,981 | $39.0M | Add +64.5% |
Other holdings (5): bonds, preferreds, convertibles and warrants · $199K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PGYWW Pagaya Technologies Ltd. -27 | *W EXP 99/99/999 | 480,716 | $89K | New |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | 250,000 | $38K | New |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 249,999 | $33K | New |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | 620,220 | $31K | New |
| CLDWW Calidi Biotherapeutics -CW23 | *W EXP 03/14/202 | 750,000 | $9K | New |
Total filed on the 13F, all lines: $11.6B.
Portfolio Sells Q2 2024 → Q3 2024
| CAMT Camtek Ltd. | Sold out | 0.00% | −1.62 |
| CCJ Cameco Corp. | Reduce -74.0% | 0.42% | −1.45 |
| ELF Elf Beauty Inc. | Sold out | 0.00% | −0.97 |
| ONTO Onto Innovation Inc. | Reduce -81.8% | 0.17% | −0.96 |
| TME Tencent Music Entertainm-ADR | Reduce -98.2% | 0.01% | −0.96 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -6.6% | 4.58% | −0.95 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.94 |
| VECO Veeco Instruments Inc. | Sold out | 0.00% | −0.66 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.65 |
| EDU New Oriental Educatio-SP ADR | Sold out | 0.00% | −0.62 |
| DUOL Duolingo | Sold out | 0.00% | −0.58 |
| AMKR Amkor Technology Inc. | Sold out | 0.00% | −0.56 |
| ESTC Elastic NV | Sold out | 0.00% | −0.55 |
| BRBR Bellring Brands Inc. | Reduce -43.6% | 0.61% | −0.53 |
| APG Api Group Corp. | Reduce -91.0% | 0.04% | −0.51 |
| TDW Tidewater Inc. | Sold out | 0.00% | −0.51 |
| CRDO Credo Technology Group Holdi | Reduce -34.0% | 0.66% | −0.51 |
| ONT Onterris Inc. | Sold out | 0.00% | −0.50 |
| WFRD Weatherford International PL | Sold out | 0.00% | −0.45 |
| BROS Dutch Bros Inc. Class A | Reduce -26.3% | 0.45% | −0.44 |
| CNM Core & Main Inc. Class A | Sold out | 0.00% | −0.43 |
| TROX Tronox Holdings PLC | Sold out | 0.00% | −0.40 |
| TER Teradyne Inc. | Sold out | 0.00% | −0.40 |
| BPMC Blueprint Medicines Corp. | Sold out | 0.00% | −0.37 |
| NTNX Nutanix Inc. Class A | Reduce -42.5% | 0.42% | −0.37 |
| EVER Everquote Inc. Class A | Reduce -79.5% | 0.08% | −0.34 |
| MSA Msa Safety Inc. | Reduce -69.8% | 0.11% | −0.32 |
| NTRA Natera Inc. | Reduce -27.7% | 0.96% | −0.32 |
| MRUS Merus NV | Reduce -12.3% | 0.58% | −0.30 |
| LIVN Livanova PLC | Sold out | 0.00% | −0.29 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.28 |
| GTLS Chart Industries Inc. | Sold out | 0.00% | −0.28 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -26.2% | 0.27% | −0.25 |
| DPZ Domino's Pizza Inc. | Sold out | 0.00% | −0.25 |
| ADI Analog Devices Inc. | Sold out | 0.00% | −0.24 |
| OSK Oshkosh Corp. | Sold out | 0.00% | −0.23 |
| TMDX Transmedics Group Inc. | Reduce -3.0% | 1.94% | −0.22 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.22 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.22 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.21 |
| CELH Celsius Holdings Inc. | Sold out | 0.00% | −0.21 |
| SAIA Saia Inc. | Reduce -32.4% | 0.26% | −0.21 |
| RXST Rxsight Inc. | Reduce -33.1% | 0.20% | −0.21 |
| UEC Uranium Energy Corp. | Reduce -31.8% | 0.33% | −0.20 |
| P Everpure Inc. Class A | Sold out | 0.00% | −0.19 |
| MYRG MYR Group Inc./Delaware | Sold out | 0.00% | −0.19 |
| TWST Twist Bioscience Corp. | Sold out | 0.00% | −0.19 |
| LOPE Grand Canyon Education Inc. | Sold out | 0.00% | −0.19 |
| GPOR Gulfport Energy Corp. | Reduce -64.6% | 0.08% | −0.18 |
| ARHS Arhaus Inc. | Sold out | 0.00% | −0.18 |
Portfolio Buys Q2 2024 → Q3 2024
| VRNS Varonis Systems Inc. | New | 0.65% | +0.65 |
| MELI MercadoLibre Inc. | Add +102.1% | 1.13% | +0.62 |
| LTH Life Time Group Holdings Inc. | New | 0.59% | +0.59 |
| PBR Petroleo Brasileiro-Spon ADR | New | 0.58% | +0.58 |
| CVLT Commvault Systems Inc. | New | 0.56% | +0.56 |
| MOD Modine Manufacturing Co. | Add +27.1% | 1.60% | +0.53 |
| ITUB Itau Unibanco H-Spon PRF ADR | Add +126.1% | 0.92% | +0.52 |
| CORZ Core Scientific Inc. | New | 0.49% | +0.49 |
| KYMR Kymera Therapeutics Inc. | Add +494.7% | 0.54% | +0.48 |
| APGE Apogee Therapeutics Inc. | Add +19.6% | 1.28% | +0.47 |
| SE Sea Ltd.-ADR | New | 0.47% | +0.47 |
| SMTC Semtech Corp. | Add +50.5% | 0.86% | +0.44 |
| GLOB Globant SA | New | 0.43% | +0.43 |
| CWAN Clearwater Analytics HDS-A | New | 0.42% | +0.42 |
| BEKE Ke Holdings Inc.-ADR | Add +3111.8% | 0.42% | +0.41 |
| WULF Terawulf Inc. | Add +451.1% | 0.49% | +0.40 |
| ALSN Allison Transmission Holding | New | 0.40% | +0.40 |
| VRDN Viridian Therapeutics Inc. | New | 0.39% | +0.39 |
| WVE Wave Life Sciences Ltd. | Add +545.2% | 0.41% | +0.37 |
| TMO Thermo Fisher Scientific Inc. | Add +4381.2% | 0.36% | +0.35 |
| TBBK The Bancorp Inc. | New | 0.35% | +0.35 |
| RNAM Avidity Biosciences Inc. | New | 0.34% | +0.34 |
| TEVA Teva Pharmaceutical-SP ADR | Add +153.9% | 0.56% | +0.34 |
| LNTH Lantheus Holdings Inc. | New | 0.33% | +0.33 |
| CRS Carpenter Technology | New | 0.32% | +0.32 |
| EMBJ Embraer SA-Spon ADR | Add +56.2% | 0.68% | +0.32 |
| MGNI Magnite Inc. | Add +356.9% | 0.41% | +0.31 |
| BFAM Bright Horizons Family Solut | New | 0.31% | +0.31 |
| SITM Sitime Corp. | Add +129.2% | 0.46% | +0.29 |
| BOOT Boot Barn Holdings Inc. | New | 0.29% | +0.29 |
| AAON Aaon Inc. | Add +70.7% | 0.61% | +0.28 |
| SKY Champion Homes Inc. | Add +171.3% | 0.40% | +0.28 |
| LRN Stride Inc. | Add +84.3% | 0.55% | +0.27 |
| PSN Parsons Corp. | Add +71.6% | 0.55% | +0.26 |
| SG Sweetgreen Inc. Class A | Add +27.1% | 1.04% | +0.26 |
| SFM Sprouts Farmers Market Inc. | Add +22.0% | 0.85% | +0.25 |
| LOAR Loar Holdings Inc. | Add +851.5% | 0.28% | +0.25 |
| KNF Knife River Corp. | Add +35.7% | 0.73% | +0.25 |
| COMP Compass Inc. Class A | New | 0.25% | +0.25 |
| NUVL Nuvalent Inc. Class A | Add +24.0% | 0.76% | +0.25 |
| GGAL Grupo Financiero Galicia-ADR | Add +90.7% | 0.43% | +0.25 |
| COHR Coherent Corp. | Add +16.0% | 1.16% | +0.24 |
| PLMR Palomar Holdings Inc. | Add +93.7% | 0.47% | +0.24 |
| WAL Western Alliance Bancorp | Add +60.3% | 0.48% | +0.24 |
| FIX Comfort Systems USA Inc. | Add +34.0% | 0.69% | +0.24 |
| EWTX Edgewise Therapeutics Inc. | Add +55.0% | 0.45% | +0.23 |
| CW Curtiss-Wright Corp. | Add +28.9% | 0.80% | +0.22 |
| MBX MBX Biosciences Inc. | New | 0.22% | +0.22 |
| MTH Meritage Homes Corp. | New | 0.22% | +0.22 |
| CDNA Caredx Inc. | Add +393.1% | 0.24% | +0.22 |
Notes & Other Activity Q2 2024 → Q3 2024
| PGYWW Pagaya Technologies Ltd. -27 | *W EXP 99/99/999 | New | 480,716 | $89K |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | New | 250,000 | $38K |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | New | 249,999 | $33K |
| BAERW Wildfire New Pubco Inc.-27 | *W EXP 01/24/202 | New | 620,220 | $31K |
| CLDWW Calidi Biotherapeutics -CW23 | *W EXP 03/14/202 | New | 750,000 | $9K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |