Driehaus Capital Management LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Driehaus Capital Management LLC reported 388 stock positions worth $10.4 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 4.3% of the portfolio, followed by Icici Bank Ltd.-Spon ADR (IBN, 2.1%) and Crinetics Pharmaceuticals (CRNX, 2.0%). Compared with Q4 2024, it opened 92 new positions, sold out of 79, added to 124 and reduced 143. The biggest buy was a new position in Guardant Health (GH) and the biggest sale Astera Labs (ALAB, shares −85%).

Most Recent 13F
Q2 2026
Location
Chicago, IL
CIK
0000938206
Portfolio Value
$10.4B (Q1 2025)
SEC Filing
0000938206-25-000012 ↗ filed May 15, 2025

Holdings Value

0$5.0B$10.0B$15.0B$20.0B Q1 2024: $10.0B Q1 2024 Q2 2024: $10.3B Q2 2024 Q3 2024: $11.6B Q3 2024 Q4 2024: $12.1B Q4 2024 Q1 2025: $10.4B $10.4B Q1 2025 Q2 2025: $12.5B Q2 2025 Q3 2025: $14.0B Q3 2025 Q4 2025: $14.7B Q4 2025 Q1 2026: $13.6B Q1 2026 Q2 2026: $17.3B Q2 2026

Holdings 388 stocks · $10.4B

TSM Taiwan Semiconductor-SP ADR 4.32% 2,699,805 $448.2M Reduce -13.1%
IBN Icici Bank Ltd.-Spon ADR 2.13% 7,025,025 $221.4M Add +3.2%
CRNX Crinetics Pharmaceuticals Inc. 2.02% 6,239,902 $209.3M Add +1.6%
XENE Xenon Pharmaceuticals Inc. 1.48% 4,584,859 $153.8M Add +1.4%
SFM Sprouts Farmers Market Inc. 1.43% 971,380 $148.3M Add +3.0%
CYBR Cyberark Software Ltd./Israel 1.40% 430,974 $145.7M Reduce -9.9%
NTRA Natera Inc. 1.29% 944,584 $133.6M Add +2.3%
MELI MercadoLibre Inc. 1.17% 62,036 $121.0M Add +55.7%
AXON Axon Enterprise Inc. 1.09% 214,822 $113.0M Add +6.9%
YUMC Yum China Holdings Inc. 1.06% 2,120,086 $110.4M Add +53.5%
BRBR Bellring Brands Inc. 1.05% 1,461,515 $108.8M Add +19.4%
BAP Credicorp Ltd. 1.03% 574,504 $106.9M Add +13.4%
FTAI Ftai Aviation Ltd. 1.02% 952,968 $105.8M Reduce -12.6%
CRS Carpenter Technology 1.00% 572,946 $103.8M Add +79.2%
SCCO Southern Copper Corp. 0.95% 1,059,080 $99.0M Add +2.9%
KNF Knife River Corp. 0.94% 1,077,922 $97.2M Add +9.6%
GKOS Glaukos Corp. 0.92% 973,625 $95.8M Add +18.7%
LTH Life Time Group Holdings Inc. 0.92% 3,166,786 $95.6M Add +7.1%
EMBJ Embraer SA-Spon ADR 0.91% 2,047,845 $94.6M Reduce -7.1%
CW Curtiss-Wright Corp. 0.86% 282,655 $89.7M Reduce -3.1%
APGE Apogee Therapeutics Inc. 0.84% 2,339,563 $87.4M Reduce -10.2%
FLS Flowserve Corp. 0.83% 1,764,929 $86.2M Reduce -6.6%
CVLT Commvault Systems Inc. 0.81% 529,883 $83.6M Add +3.4%
SE Sea Ltd.-ADR 0.80% 637,544 $83.2M Add +2751.0%
GH Guardant Health Inc. 0.79% 1,933,086 $82.3M New
BROS Dutch Bros Inc. Class A 0.79% 1,320,807 $81.5M Add +3.0%
CCJ Cameco Corp. 0.78% 1,973,985 $81.2M Reduce -12.1%
ITUB Itau Unibanco H-Spon PRF ADR 0.77% 14,553,574 $80.0M Add +40.3%
ESTC Elastic NV 0.76% 880,454 $78.4M Add +1450.8%
LRN Stride Inc. 0.75% 613,820 $77.6M Add +12.3%
GPOR Gulfport Energy Corp. 0.75% 420,890 $77.5M Add +65.4%
RYTM Rhythm Pharmaceuticals Inc. 0.74% 1,458,022 $77.2M Add +12.9%
PTCT PTC Therapeutics Inc. 0.74% 1,512,645 $77.1M Add +45.3%
PLMR Palomar Holdings Inc. 0.74% 559,156 $76.6M Add +3.1%
CR Crane Co. 0.73% 492,193 $75.4M Add +3.0%
HCI Hci Group Inc. 0.73% 504,084 $75.2M Add +0.1%
CWAN Clearwater Analytics HDS-A 0.71% 2,742,511 $73.5M Add +23.9%
CVNA Carvana Co. 0.71% 350,966 $73.4M Reduce -25.5%
COMP Compass Inc. Class A 0.69% 8,238,614 $71.9M Add +103.5%
NTNX Nutanix Inc. Class A 0.63% 936,210 $65.4M Add +3.7%
GMED Globus Medical Inc. Class A 0.62% 873,784 $64.0M Add +60.1%
SKWD Skyward Specialty Insurance 0.61% 1,198,397 $63.4M Reduce -1.4%
JBTM JBT Marel Corp. 0.60% 506,725 $61.9M Add +35.5%
AGI Alamos Gold Inc. Class A 0.58% 2,254,708 $60.3M Reduce -11.6%
ROAD Construction Partners Inc. Class A 0.57% 828,846 $59.6M Add +10.3%
ADMA Adma Biologics Inc. 0.56% 2,946,570 $58.5M Add +114.9%
EXLS Exlservice Holdings Inc. 0.56% 1,221,793 $57.7M New
QNST Quinstreet Inc. 0.54% 3,165,649 $56.5M Add +13.6%
KMPR Kemper Corp. 0.54% 843,136 $56.4M Reduce -9.8%
UPST Upstart Holdings Inc. 0.54% 1,215,237 $55.9M Add +71.5%
PAAS Pan American Silver Corp. 0.54% 2,151,187 $55.6M Add +77.2%
FTI Technipfmc PLC 0.53% 1,750,068 $55.5M Add +3.7%
MNDY Monday.com Ltd. 0.53% 227,906 $55.4M Reduce -44.5%
TCOM Trip.com Group Ltd.-ADR 0.51% 831,282 $52.9M Reduce -14.6%
MRUS Merus NV 0.51% 1,254,149 $52.8M Reduce -2.0%
TMDX Transmedics Group Inc. 0.51% 778,754 $52.4M Add +2.4%
PBR Petroleo Brasileiro-Spon ADR 0.50% 3,648,756 $52.3M Reduce -17.1%
BBIO Bridgebio Pharma Inc. 0.50% 1,500,558 $51.9M New
WVE Wave Life Sciences Ltd. 0.50% 6,358,599 $51.4M Reduce -5.3%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 0.49% 2,549,683 $51.2M Reduce -28.8%
TVTX Travere Therapeutics Inc. 0.48% 2,767,693 $49.6M Add +24.8%
PAY Paymentus Holdings Inc. Class A 0.48% 1,897,552 $49.5M Add +152.3%
ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD 0.47% 180,956 $49.3M Add +1749.1%
GTLS Chart Industries Inc. 0.47% 340,198 $49.1M Add +77.7%
SRAD Sportradar Group AG-A 0.47% 2,247,753 $48.6M New
ALKT Alkami Technology Inc. 0.46% 1,827,805 $48.0M Reduce -12.7%
CAKE The Cheesecake Factory Inc. 0.46% 980,682 $47.7M New
GRAB Grab Holdings Ltd. Class A 0.46% 10,514,256 $47.6M Reduce -8.8%
PLNT Planet Fitness Inc. Class A 0.45% 479,945 $46.4M New
SEI Solaris Energy Infrastructur 0.42% 2,025,417 $44.1M Add +278.0%
SYRE Spyre Therapeutics Inc. 0.42% 2,717,312 $43.8M Reduce -3.1%
AR Antero Resources Corp. 0.39% 1,010,947 $40.9M Add +18.1%
GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 0.39% 1,598,807 $40.5M Reduce -13.4%
WGS Genedx Holdings Corp. 0.39% 454,956 $40.3M Add +40.0%
HAPN Happen Inc. filed as LENDINGCLUB CORP 0.39% 3,897,322 $40.2M Add +8.6%
KTOS Kratos Defense & Security 0.39% 1,354,312 $40.2M Add +120.0%
VCYT Veracyte Inc. 0.39% 1,351,370 $40.1M Add +14.2%
PCVX Vaxcyte Inc. 0.39% 1,060,863 $40.1M Reduce -9.1%
GTLB Gitlab Inc. Class A 0.39% 850,548 $40.0M New
CFLT Confluent Inc. Class A 0.39% 1,704,089 $39.9M New
ARIS WATER SOLUTIONS INC-A 0.38% 1,244,691 $39.9M New
WAL Western Alliance Bancorp 0.38% 513,165 $39.4M Reduce -25.1%
WIX Wix.com Ltd. 0.38% 239,777 $39.2M Reduce -3.2%
ACVA Acv Auctions Inc. Class A 0.37% 2,722,170 $38.4M Reduce -4.0%
PODD Insulet Corp. 0.37% 145,802 $38.3M Add +46.0%
NUVL Nuvalent Inc. Class A 0.36% 531,210 $37.7M Reduce -33.0%
RNAM Avidity Biosciences Inc. 0.36% 1,270,931 $37.5M Add +3.5%
COHR Coherent Corp. 0.36% 569,087 $37.0M Reduce -53.7%
TARS Tarsus Pharmaceuticals Inc. 0.36% 717,853 $36.9M New
SKY Champion Homes Inc. 0.35% 387,439 $36.7M Add +1.9%
ESAB Esab Corp. 0.35% 312,574 $36.4M New
VALE Vale SA-SP ADR 0.35% 3,619,004 $36.1M New
UEC Uranium Energy Corp. 0.34% 7,369,282 $35.2M Reduce -22.4%
MP MP Materials Corp. 0.33% 1,404,667 $34.3M New
FRSH Freshworks Inc. Class A 0.33% 2,426,030 $34.2M New
GGAL Grupo Financiero Galicia-ADR 0.33% 628,057 $34.2M Reduce -36.6%
ESE Esco Technologies Inc. 0.33% 212,316 $33.8M New
VSEC Vse Corp. 0.32% 276,800 $33.2M Add +67.7%
TTWO Take-Two Interactive Softwre 0.32% 160,040 $33.2M New
EPI Wisdomtree India Earnings 0.32% 752,491 $32.9M New
ROKU Roku Inc. 0.32% 465,936 $32.8M New
RELY Remitly Global Inc. 0.32% 1,573,616 $32.7M New
NXT Nextpower Inc. filed as NEXTRACKER INC 0.31% 764,708 $32.2M New
AIT Applied Industrial Tech Inc. 0.31% 142,583 $32.1M Add +35.1%
KYMR Kymera Therapeutics Inc. 0.31% 1,168,791 $32.0M Reduce -15.9%
FSS Federal Signal Corp. 0.30% 429,447 $31.6M Reduce -27.9%
ITGR Integer Holdings Corp. 0.30% 264,356 $31.2M Reduce -41.4%
RARE Ultragenyx Pharmaceutical Inc. 0.30% 852,657 $30.9M Add +2.8%
TGTX TG Therapeutics Inc. 0.29% 774,656 $30.5M New
EWTX Edgewise Therapeutics Inc. 0.29% 1,375,742 $30.3M Reduce -7.9%
BOOT Boot Barn Holdings Inc. 0.29% 281,537 $30.2M Reduce -10.7%
COCO The Vita Coco Co. Inc. 0.29% 977,291 $30.0M Add +14.3%
CORT Corcept Therapeutics Inc. 0.29% 259,650 $29.7M New
GTES Gates Industrial Corp. UK Ltd. 0.29% 1,606,345 $29.6M Add +4976.3%
ARGX Argenx SE - ADR 0.28% 49,071 $29.0M Add +3.6%
GENI Genius Sports Ltd. 0.28% 2,887,584 $28.9M Reduce -0.1%
PWR Quanta Services Inc. 0.27% 112,043 $28.5M Add +5.8%
TW Tradeweb Markets Inc. Class A 0.27% 185,264 $27.5M Reduce -36.4%
MGNI Magnite Inc. 0.27% 2,409,439 $27.5M Reduce -27.4%
DRS Leonardo DRS Inc. 0.26% 819,751 $27.0M Reduce -57.3%
RSI Rush Street Interactive Inc. 0.26% 2,480,268 $26.6M Add +12.7%
ALKS Alkermes PLC 0.25% 792,831 $26.2M New
HOOD Robinhood Markets Inc. Class A 0.25% 628,490 $26.2M Reduce -27.7%
EVR Evercore Inc. Class A 0.24% 127,278 $25.4M Reduce -49.6%
AROC Archrock Inc. 0.24% 967,004 $25.4M New
INSM Insmed Inc. 0.24% 331,459 $25.3M Add +93.5%
CAVA Cava Group Inc. 0.24% 292,110 $25.2M Reduce -61.6%
AXSM Axsome Therapeutics Inc. 0.24% 214,139 $25.0M New
LOAR Loar Holdings Inc. 0.24% 350,741 $24.8M Add +2.8%
HWM Howmet Aerospace Inc. 0.24% 188,567 $24.5M Add +42.5%
REVG Rev Group Inc. 0.24% 773,155 $24.4M Reduce -0.4%
TWLO Twilio Inc. Class A 0.23% 247,039 $24.2M Add +219.5%
MMSI Merit Medical Systems Inc. 0.23% 227,814 $24.1M Add +172.9%
KRMN Karman Holdings Inc. 0.23% 712,964 $23.8M New
ASND Ascendis Pharma A/S 0.23% 151,829 $23.7M Add +71.6%
DOCU Docusign Inc. 0.23% 287,428 $23.4M Add +31.0%
PRCH Porch Group Inc. 0.23% 3,208,312 $23.4M Add +84.6%
CNM Core & Main Inc. Class A 0.22% 482,128 $23.3M Add +253.6%
TOST Toast Inc. Class A 0.22% 688,351 $22.8M Add +29.6%
BV Brightview Holdings Inc. 0.22% 1,767,472 $22.7M Reduce -0.4%
TBBB BBB Foods Inc. Class A 0.22% 849,166 $22.7M Reduce -45.8%
TDY Teledyne Technologies Inc. 0.22% 45,310 $22.6M Add +85.2%
TKO Tko Group Holdings Inc. 0.21% 144,732 $22.1M Add +5.3%
GPCR Structure Therapeutics Inc. 0.21% 1,272,743 $22.0M Reduce -38.1%
GSHD Goosehead Insurance Inc. Class A 0.21% 186,371 $22.0M New
AXGN Axogen Inc. 0.21% 1,172,029 $21.7M Add +22.8%
BPMC Blueprint Medicines Corp. 0.21% 242,938 $21.5M New
GWRE Guidewire Software Inc. 0.21% 114,106 $21.4M Add +3.4%
TBBK The Bancorp Inc. 0.20% 401,723 $21.2M Reduce -29.7%
BE Bloom Energy Corp. Class A 0.20% 1,071,525 $21.1M New
ALSN Allison Transmission Holding 0.20% 216,502 $20.7M Reduce -57.2%
OSW Onespaworld Holdings Ltd. 0.20% 1,230,531 $20.7M Reduce -34.0%
UTI Universal Technical Institut 0.20% 803,402 $20.6M New
CNNE Cannae Holdings Inc. 0.20% 1,116,710 $20.5M No change
ROOT Root Inc./Oh Class A 0.20% 153,048 $20.4M New
PEN Penumbra Inc. 0.20% 76,278 $20.4M New
INOD Innodata Inc. 0.20% 567,866 $20.4M Add +34.3%
CLBT Cellebrite Di Ltd. 0.19% 1,036,022 $20.1M Add +90.9%
SG Sweetgreen Inc. Class A 0.19% 802,851 $20.1M Reduce -66.4%
FARO Faro Technologies Inc. 0.19% 735,269 $20.1M Add +107.4%
RGLD Royal Gold Inc. 0.19% 120,487 $19.7M Add +37.9%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.19% 172,102 $19.6M New
CCB Coastal Financial Corp. 0.19% 216,882 $19.6M Add +125.4%
MIND MEDICINE MINDMED INC 0.19% 3,351,405 $19.6M Reduce -0.7%
MWA Mueller Water Products Inc. Class A 0.19% 769,270 $19.6M Reduce -19.0%
LAD Lithia Motors Inc. 0.19% 65,894 $19.3M Reduce -53.6%
SITM Sitime Corp. 0.19% 125,659 $19.2M Reduce -67.4%
MOD Modine Manufacturing Co. 0.18% 244,231 $18.7M Reduce -83.0%
SHAK Shake Shack Inc. Class A 0.18% 212,084 $18.7M Reduce -58.5%
NCLH Norwegian Cruise Line Holdin 0.18% 982,792 $18.6M Add +28.5%
PRAX Praxis Precision Medicines I 0.18% 481,598 $18.2M Add +192.0%
SEPN Septerna Inc. 0.17% 3,122,608 $18.1M Add +20.6%
PRMB Primo Brands Corp. 0.17% 508,507 $18.0M New
CASH Pathward Financial Inc. 0.17% 247,299 $18.0M Reduce -0.4%
AFRM Affirm Holdings Inc. 0.17% 392,480 $17.7M Reduce -18.9%
SLNO Soleno Therapeutics Inc. 0.17% 247,737 $17.7M New
RDDT Reddit Inc. Class A 0.17% 163,862 $17.2M Reduce -6.0%
EXEL Exelixis Inc. 0.17% 463,949 $17.1M Add +33.7%
VRDN Viridian Therapeutics Inc. 0.17% 1,270,481 $17.1M Reduce -32.3%
ARQT Arcutis Biotherapeutics Inc. 0.16% 1,092,735 $17.1M Reduce -0.4%
PAYO Payoneer Global Inc. 0.16% 2,337,504 $17.1M Add +21.6%
ENVX Enovix Corp. 0.16% 2,323,612 $17.1M Add +1.8%
LGND Ligand Pharmaceuticals 0.16% 162,170 $17.1M Reduce -0.4%
GDYN Grid Dynamics Holdings Inc. 0.16% 1,080,536 $16.9M Add +23.5%
SRRK Scholar Rock Holding Corp. 0.16% 514,092 $16.5M Reduce -0.4%
BURL Burlington Stores Inc. 0.16% 68,797 $16.4M Reduce -8.7%
AVPT Avepoint Inc. 0.16% 1,124,918 $16.2M Add +10.5%
ADPT Adaptive Biotechnologies 0.15% 2,152,335 $16.0M Add +154.4%
LOPE Grand Canyon Education Inc. 0.15% 91,293 $15.8M New
FICO Fair Isaac Corp. 0.15% 8,550 $15.8M Add +5.3%
CNTA Centessa Pharmaceuticals Ltd. 0.15% 1,095,533 $15.8M Reduce -31.4%
ALNY Alnylam Pharmaceuticals Inc. 0.15% 57,128 $15.4M Add +70.6%
AMSC American Superconductor Corp. 0.15% 839,843 $15.2M Reduce -10.9%
SN Sharkninja Inc. 0.14% 179,483 $15.0M Reduce -3.6%
SMIN iShares MSCI India Small-Cap 0.14% 217,174 $14.8M New
BLFY Blue Foundry Bancorp 0.14% 1,595,622 $14.7M Reduce -6.6%
ATMU Atmus Filtration Technologie 0.14% 397,909 $14.6M Reduce -0.4%
AYI Acuity Inc. 0.14% 54,365 $14.3M Add +45.7%
LB Landbridge Co. LLC-A 0.14% 195,500 $14.1M Reduce -0.4%
VITL Vital Farms Inc. 0.14% 460,693 $14.0M Add +24.8%
ARLO Arlo Technologies Inc. 0.13% 1,403,502 $13.9M Add +23.6%
HURN Huron Consulting Group Inc. 0.13% 96,355 $13.8M New
KNSA Kiniksa Pharmaceuticals Inte 0.13% 611,278 $13.6M Reduce -0.4%
EOSE Eos Energy Enterprises Inc. 0.13% 3,559,725 $13.5M New
CECO Ceco Environmental Corp. 0.13% 581,680 $13.3M Reduce -0.4%
BVS Bioventus Inc. Class A 0.13% 1,445,257 $13.2M Add +29.1%
LMAT Lemaitre Vascular Inc. 0.12% 154,006 $12.9M Reduce -41.5%
BOW Bowhead Specialty Holdings I 0.12% 310,565 $12.6M Reduce -8.5%
KGS Kodiak Gas Services Inc. 0.12% 337,343 $12.6M New
XMTR Xometry Inc. Class A 0.12% 499,891 $12.5M Add +28.9%
RXO Rxo Inc. 0.12% 650,037 $12.4M Reduce -57.2%
MCW Mister Car Wash Inc. 0.12% 1,573,562 $12.4M New
LNTH Lantheus Holdings Inc. 0.12% 126,909 $12.4M Reduce -65.8%
RPC Ridgepost Capital Inc. Class A filed as P10 INC 0.12% 1,048,615 $12.3M Reduce -0.4%
SOC Sable Offshore Corp. 0.12% 485,291 $12.3M Reduce -0.4%
BEAG Bold Eagle Acquisition Cor-A 0.12% 1,200,000 $12.2M No change
ALAB Astera Labs Inc. 0.12% 201,285 $12.0M Reduce -84.8%
NBIX Neurocrine Biosciences Inc. 0.12% 108,547 $12.0M Add +5.5%
KFII K&F Growth Acquisition Cor-A 0.12% 1,200,000 $12.0M New
SNCY Sun Country Airlines Holding filed as SUN CTRY AIRLS HLDGS INC 0.11% 966,637 $11.9M Add +58.9%
TWFG TWFG Inc. 0.11% 379,496 $11.7M Reduce -0.4%
CSGP Costar Group Inc. 0.11% 147,993 $11.7M New
MBX MBX Biosciences Inc. 0.11% 1,579,207 $11.7M Reduce -0.2%
INSP Inspire Medical Systems Inc. 0.11% 71,745 $11.4M New
SEZL Sezzle Inc. 0.11% 327,276 $11.4M Reduce -0.4%
RBC RBC Bearings Inc. 0.11% 35,473 $11.4M New
PTGX Protagonist Therapeutics Inc. 0.11% 235,073 $11.4M Reduce -30.8%
JAZZ Jazz Pharmaceuticals PLC 0.11% 90,550 $11.2M New
IMAX Imax Corp. 0.11% 424,338 $11.2M New
ULS Ul Solutions Inc. Class A 0.11% 197,127 $11.1M New
WSC Willscot Holdings Corp. 0.11% 398,682 $11.1M No change
BIRK Birkenstock Holding PLC 0.10% 237,048 $10.9M Reduce -1.2%
LZ Legalzoomcom Inc. 0.10% 1,256,917 $10.8M New
BBNX Beta Bionics Inc. 0.10% 882,277 $10.8M New
AZZ Azz Inc. 0.10% 129,065 $10.8M Reduce -0.4%
WRBY Warby Parker Inc. Class A 0.10% 589,526 $10.7M Reduce -38.9%
IFS Intercorp Financial Services 0.10% 318,065 $10.5M Add +90.4%
ATEC Alphatec Holdings Inc. 0.10% 1,025,449 $10.4M New
WWW Wolverine World Wide Inc. 0.10% 746,866 $10.4M Add +25.8%
VIK Viking Holdings Ltd. 0.10% 260,574 $10.4M Reduce -31.1%
OPRA Opera Ltd.-ADR 0.10% 642,965 $10.2M Add +14.4%
CHWY Chewy Inc. Class A 0.10% 313,700 $10.2M New
NXE Nexgen Energy Ltd. 0.10% 2,259,151 $10.1M Add +5.3%
KRRO Korro Bio Inc. 0.10% 582,449 $10.1M Add +17.7%
GDEN Golden Entertainment Inc. 0.10% 383,738 $10.1M No change
ZG Zillow Group Inc. Class A 0.10% 149,537 $10.0M New
HLMN Hillman Solutions Corp. 0.10% 1,136,335 $10.0M No change
ACI Albertsons Cos Inc. Class A 0.10% 451,942 $9.9M No change
NPCE Neuropace Inc. 0.10% 803,440 $9.9M New
REAL The Realreal Inc. filed as THE REALREAL INC 0.09% 1,810,651 $9.8M Add +90.8%
BWXT BWX Technologies Inc. 0.09% 98,391 $9.7M Reduce -43.4%
LEU Centrus Energy Corp. Class A 0.09% 155,064 $9.6M Reduce -0.4%
GRSD Grandstand Ltd. filed as GAMBLING COM GROUP LIMITED 0.09% 750,454 $9.5M Add +47.4%
WEAV Weave Communications Inc. 0.09% 852,351 $9.5M Reduce -0.4%
SWIM Latham Group Inc. 0.09% 1,463,117 $9.4M Reduce -0.4%
BBWI Bath & Body Works Inc. 0.09% 308,173 $9.3M New
LAUR Laureate Education Inc. 0.09% 449,287 $9.2M Add +1.1%
OACC Oaktree Acquisition Corp. I-A 0.09% 900,000 $9.2M No change
KRNT Kornit Digital Ltd. 0.09% 472,228 $9.0M Add +14.3%
DYNC Dynamix Corp. 0.09% 900,000 $9.0M No change
DAVE Dave Inc. 0.08% 104,683 $8.7M New
GRDN Guardian Phrmcy Services-A 0.08% 402,927 $8.6M Reduce -0.4%
NRIX Nurix Therapeutics Inc. 0.08% 715,940 $8.5M Reduce -44.0%
GLNG Golar LNG Ltd. 0.08% 223,435 $8.5M Reduce -33.4%
GIL Gildan Activewear Inc. 0.08% 192,000 $8.5M New
AAON Aaon Inc. 0.08% 104,628 $8.2M Reduce -84.9%
SOUN Soundhound AI Inc. Class A 0.08% 998,481 $8.1M Add +20.6%
TPL Texas Pacific Land Corp. 0.08% 6,057 $8.0M New
RH RH 0.08% 33,325 $7.8M New
CRSR Corsair Gaming Inc. 0.07% 877,183 $7.8M New
ORGO Organogenesis Holdings Inc. 0.07% 1,795,347 $7.8M New
XERS Xeris Biopharma Holdings Inc. 0.07% 1,411,540 $7.7M Add +137.6%
ATXS Astria Therapeutics Inc. 0.07% 1,428,217 $7.6M Reduce -8.6%
OLO Olo Inc. Class A 0.07% 1,257,266 $7.6M Reduce -0.4%
EPAC Enerpac Tool Group Corp. 0.07% 169,172 $7.6M New
BYRN Byrna Technologies Inc. 0.07% 449,848 $7.6M Add +39.3%
PRCT Procept Biorobotics Corp. 0.07% 129,153 $7.5M Reduce -59.4%
PRIM Primoris Services Corp. 0.07% 129,738 $7.4M Reduce -41.7%
MOS The Mosaic Co. 0.07% 261,609 $7.1M New
BKV BKV Corporation 0.07% 331,087 $7.0M Reduce -17.6%
SMLR Semler Scientific Inc. 0.07% 186,762 $6.8M Reduce -0.4%
AGYS Agilysys Inc. 0.07% 93,095 $6.8M Reduce -40.3%
LFVN Lifevantage Corp. 0.06% 459,619 $6.7M New
NGVC Natural Grocers BY Vitamin C 0.06% 162,388 $6.5M New
AIOT Powerfleet Inc. 0.06% 1,163,474 $6.4M New
LUCK Lucky Strike Entertainment C 0.06% 637,629 $6.2M No change
CDNA Caredx Inc. 0.06% 348,772 $6.2M Reduce -49.3%
EMXC iShares MSCI Emr MRK Ex Chna 0.06% 111,744 $6.2M No change
VFC VF Corp. 0.06% 391,845 $6.1M New
GBX Greenbrier Companies Inc. 0.06% 116,475 $6.0M New
LIND Lindblad Expeditions Holding 0.06% 636,461 $5.9M New
KRUS Kura Sushi USA Inc. Class A 0.06% 113,632 $5.8M Reduce -57.2%
CAE Cae Inc. 0.05% 333,400 $5.7M New
GXO Gxo Logistics Inc. 0.05% 141,320 $5.5M No change
SAIA Saia Inc. 0.05% 15,680 $5.5M Reduce -79.3%
RVLV Revolve Group Inc. Class A 0.05% 249,576 $5.4M Reduce -42.5%
CBLL Ceribell Inc. 0.05% 279,079 $5.4M Reduce -0.3%
PENN Penn Entertainment Inc. 0.05% 318,225 $5.2M Add +8.8%
TITN Titan Machinery Inc. 0.05% 291,594 $5.0M New
LMB Limbach Holdings Inc. 0.05% 66,674 $5.0M New
BABA Alibaba Group Holding-SP ADR 0.05% 36,298 $4.8M New
PACK Ranpak Holdings Corp. 0.04% 850,073 $4.6M Reduce -0.4%
PWP Perella Weinberg Partners 0.04% 247,872 $4.6M Reduce -61.5%
CGNT Cognyte Software Ltd. 0.04% 576,307 $4.5M New
UNF Unifirst Corp. 0.04% 23,715 $4.1M New
IMNM Immunome Inc. 0.04% 610,551 $4.1M New
TMCI Treace Medical Concepts Inc. 0.04% 468,278 $3.9M New
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.04% 40,075 $3.7M Add +24.8%
KSA Ishrs MSCI Saudi Arabia ETF 0.03% 86,232 $3.6M No change
DSGN Design Therapeutics Inc. 0.03% 913,399 $3.5M Add +17.7%
SION Sionna Therapeutics Inc. 0.03% 328,889 $3.4M New
VSTS Vestis Corp. 0.03% 320,405 $3.2M No change
CTSH Cognizant Tech Solutions-A 0.03% 40,500 $3.1M Reduce -39.0%
VIST Vista Energy Sab DE CV 0.03% 58,178 $2.7M Reduce -95.1%
VINP Vinci Compass Investments LT filed as VINCI PARTNERS INVTS LTD 0.03% 263,726 $2.7M No change
SRZN Surrozen Inc. 0.02% 204,934 $2.4M New
MSFT Microsoft Corp. 0.02% 6,361 $2.4M Add +24.6%
NVDA Nvidia Corp. 0.02% 20,601 $2.2M Reduce -25.4%
META Meta Platforms Inc. Class A 0.02% 3,666 $2.1M Reduce -2.7%
TERN Terns Pharmaceuticals Inc. 0.02% 763,486 $2.1M Reduce -54.1%
CZR Caesars Entertainment Inc. 0.02% 83,666 $2.1M No change
GAUZ Gauzy Ltd. 0.02% 259,136 $2.1M Reduce -1.1%
ARM Arm Holdings PLC-ADR 0.02% 19,317 $2.1M New
CMPS Compass Pathways PLC 0.02% 701,754 $2.0M New
AMZN Amazon.com Inc. 0.02% 9,943 $1.9M No change
BIDU Baidu Inc. - Spon ADR 0.02% 19,761 $1.8M New
KLAC KLA Corp. 0.02% 2,636 $1.8M New
REGULUS THERAPEUTICS INC 0.02% 958,345 $1.7M New
AAPL Apple Inc. 0.02% 7,415 $1.6M Reduce -45.7%
GLOB Globant SA 0.02% 13,714 $1.6M Reduce -94.8%
VIV Telefonica Brasil-ADR 0.01% 173,081 $1.5M Reduce -53.5%
XGN Exagen Inc. 0.01% 418,505 $1.5M No change
MAZE Maze Therapeutics Inc. 0.01% 132,115 $1.5M New
CHT Chunghwa Telecom LT-Spon ADR 0.01% 36,471 $1.4M No change
PAM Pampa Energia SA-Spon ADR 0.01% 18,097 $1.4M No change
LLY Eli Lilly & Co. 0.01% 1,675 $1.4M Add +73.2%
JPM JPMorgan Chase & Co. 0.01% 5,572 $1.4M Reduce -1.2%
GOOGL Alphabet Inc. Class A 0.01% 8,836 $1.4M Add +100.4%
XOM Exxon Mobil Corp. 0.01% 10,132 $1.2M Reduce -20.4%
TARA Protara Therapeutic Inc. 0.01% 272,342 $1.2M Reduce -47.3%
PM Philip Morris International 0.01% 6,935 $1.1M Add +62.6%
LIN Linde PLC 0.01% 2,305 $1.1M Add +13.8%
WMT Walmart Inc. 0.01% 11,566 $1.0M Reduce -3.3%
ALC Alcon Inc. filed as ALCON AG 0.01% 9,356 $1.0M Add +50.4%
FCNCA First Citizens Bcshs Class A 0.01% 539 $999K Reduce -18.5%
SKYE Skye Bioscience Inc. 0.01% 620,395 $986K Reduce -4.7%
MSI Motorola Solutions Inc. 0.01% 2,211 $968K No change
SO The Southern Co. 0.01% 10,406 $957K Add +151.1%
AVGO Broadcom Inc. 0.01% 5,662 $948K Reduce -17.9%
TFC Truist Financial Corp. 0.01% 21,719 $894K No change
AZN Astrazeneca PLC-Spons ADR 0.01% 11,833 $870K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 20,577 $859K Reduce -19.7%
SPOT Spotify Technology SA 0.01% 1,544 $849K Reduce -32.3%
KO The Coca-Cola Co. 0.01% 10,763 $771K New
LRMR Larimar Therapeutics Inc. 0.01% 355,995 $765K Reduce -72.0%
BA The Boeing Co. 0.01% 4,426 $755K Add +19.6%
CASY Casey's General Stores Inc. 0.01% 1,663 $722K Reduce -1.3%
SYK Stryker Corp. 0.01% 1,911 $711K No change
ISRG Intuitive Surgical Inc. 0.01% 1,405 $696K Add +22.0%
EPAM Epam Systems Inc. 0.01% 4,059 $685K Reduce -97.2%
HD Home Depot Inc. 0.01% 1,832 $671K New
NET Cloudflare Inc. Class A 0.01% 5,894 $664K Add +9.8%
EQT Eqt Corp. 0.01% 12,400 $663K Add +44.6%
DFS Discover Financial Services 0.01% 3,554 $607K Reduce -28.3%
GLD SPDR Gold Shares 0.01% 2,023 $583K Reduce -33.8%
BHP BHP Group Ltd.-Spon ADR 0.01% 23,840 $572K Add +53.1%
CCIX Churchill Capital Corp. Ix 0.01% 50,000 $538K New
VRTX Vertex Pharmaceuticals Inc. 0.01% 1,108 $537K Reduce -1.3%
OVID Ovid Therapeutics Inc. 0.00% 1,400,191 $437K No change
COIN Coinbase Global Inc. Class A 0.00% 2,517 $434K New
NOW ServiceNow Inc. 0.00% 544 $433K Reduce -29.7%
ROP Roper Technologies Inc. 0.00% 734 $433K No change
QXO Qxo Inc. 0.00% 31,072 $421K Reduce -95.5%
ONON On Holding AG Class A filed as ON HLDG AG 0.00% 9,484 $417K Reduce -36.1%
AEM Agnico Eagle Mines Ltd. 0.00% 3,800 $412K Reduce -22.4%
HBAN Huntington Bancshares Inc. 0.00% 26,279 $394K No change
NGNE Neurogene Inc. 0.00% 32,765 $384K No change
CVX Chevron Corp. 0.00% 2,084 $349K New
NKE Nike Inc. Class B 0.00% 5,312 $337K New
SU Suncor Energy Inc. 0.00% 8,000 $310K No change
USFD US Foods Holding Corp. 0.00% 4,710 $308K Reduce -33.7%
TEVA Teva Pharmaceutical-SP ADR 0.00% 18,631 $286K Reduce -99.4%
VT Vanguard Tot World STK ETF 0.00% 2,380 $276K Reduce -35.8%
VLUE iShares MSCI USA Value Facto 0.00% 2,227 $238K Reduce -28.1%
ANNX Annexon Inc. 0.00% 258,314 $104K No change
ARES ACQUISITION CORP II 0.00% 250,000 $73K Reduce -50.0%
HAYMAKER ACQUISITION CORP 4 0.00% 249,999 $52K Reduce -50.0%
INSPIRATO INCORPORATED 0.00% 167,540 $1K New
Other holdings (6): bonds, preferreds, convertibles and warrants · $362K (not counted above)
SecurityClassShares / PrincipalValueChange
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 450,000$128KNo change
OACCW Oaktree Acquisition III -31 *W EXP 09/01/203 180,000$122KNew
PGYWW Pagaya Technologies Ltd. -27 *W EXP 99/99/999 480,716$65KNo change
BAERW Wildfire New Pubco Inc.-27 *W EXP 01/24/202 620,220$33KNo change
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 12,499$8KNew
RVMDW Revolution Medicines Inc.-28 *W EXP 12/17/202 135,000$5KNo change

Total filed on the 13F, all lines: $10.4B.

Portfolio Sells Q4 2024 → Q1 2025

ALAB Astera Labs Inc. Reduce -84.8% 0.12% −1.33
MOD Modine Manufacturing Co. Reduce -83.0% 0.18% −1.20
CORZ Core Scientific Inc. Sold out 0.00% −1.19
SMTC Semtech Corp. Sold out 0.00% −1.04
FRPT Freshpet Inc. Sold out 0.00% −0.99
TSM Taiwan Semiconductor-SP ADR Reduce -13.1% 4.32% −0.75
CRDO Credo Technology Group Holdi Sold out 0.00% −0.74
COHR Coherent Corp. Reduce -53.7% 0.36% −0.61
WULF Terawulf Inc. Sold out 0.00% −0.59
AAON Aaon Inc. Reduce -84.9% 0.08% −0.59
STRL Sterling Infrastructure Inc. Sold out 0.00% −0.57
FIX Comfort Systems USA Inc. Sold out 0.00% −0.56
TEVA Teva Pharmaceutical-SP ADR Reduce -99.4% 0.00% −0.54
TTEK Tetra Tech Inc. Sold out 0.00% −0.53
VIST Vista Energy Sab DE CV Reduce -95.1% 0.03% −0.50
SITM Sitime Corp. Reduce -67.4% 0.19% −0.50
VERX Vertex Inc. Class A Sold out 0.00% −0.47
CAVA Cava Group Inc. Reduce -61.6% 0.24% −0.46
GLOB Globant SA Reduce -94.8% 0.02% −0.45
SG Sweetgreen Inc. Class A Reduce -66.4% 0.19% −0.44
PCVX Vaxcyte Inc. Reduce -9.1% 0.39% −0.40
VRNS Varonis Systems Inc. Sold out 0.00% −0.40
PSN Parsons Corp. Sold out 0.00% −0.38
SHAK Shake Shack Inc. Class A Reduce -58.5% 0.18% −0.37
BMI Badger Meter Inc. Sold out 0.00% −0.34
EVR Evercore Inc. Class A Reduce -49.6% 0.24% −0.33
SPXC SPX Technologies Inc. Sold out 0.00% −0.32
ALK Alaska Air Group Inc. Sold out 0.00% −0.31
ITRI Itron Inc. Sold out 0.00% −0.31
RKLB Rocket Lab USA Inc. Sold out 0.00% −0.30
FTAI Ftai Aviation Ltd. Reduce -12.6% 1.02% −0.28
EPAM Epam Systems Inc. Reduce -97.2% 0.01% −0.27
FN Fabrinet Sold out 0.00% −0.27
MNDY Monday.com Ltd. Reduce -44.5% 0.53% −0.26
PI Impinj Inc. Sold out 0.00% −0.26
EME Emcor Group Inc. Sold out 0.00% −0.26
CAMT Camtek Ltd. Sold out 0.00% −0.26
ITCI Intra-Cellular Therapies Inc. Sold out 0.00% −0.25
DRS Leonardo DRS Inc. Reduce -57.3% 0.26% −0.25
ALSN Allison Transmission Holding Reduce -57.2% 0.20% −0.25
GPCR Structure Therapeutics Inc. Reduce -38.1% 0.21% −0.25
CLH Clean Harbors Inc. Sold out 0.00% −0.24
ECG Everus Construction Group Sold out 0.00% −0.24
AVAV Aerovironment Inc. Sold out 0.00% −0.24
LAD Lithia Motors Inc. Reduce -53.6% 0.19% −0.23
SAIA Saia Inc. Reduce -79.3% 0.05% −0.23
NU Nu Holdings Ltd./Cayman Isl-A Sold out 0.00% −0.23
JANX Janux Therapeutics Inc. Sold out 0.00% −0.23
ANF Abercrombie & Fitch Co. Class A Sold out 0.00% −0.21
MOG.A Moog Inc. Class A Sold out 0.00% −0.21

Portfolio Buys Q4 2024 → Q1 2025

GH Guardant Health Inc. New 0.79% +0.79
SE Sea Ltd.-ADR Add +2751.0% 0.80% +0.78
ESTC Elastic NV Add +1450.8% 0.76% +0.71
MELI MercadoLibre Inc. Add +55.7% 1.17% +0.61
EXLS Exlservice Holdings Inc. New 0.56% +0.56
CRS Carpenter Technology Add +79.2% 1.00% +0.55
YUMC Yum China Holdings Inc. Add +53.5% 1.06% +0.51
BBIO Bridgebio Pharma Inc. New 0.50% +0.50
COMP Compass Inc. Class A Add +103.5% 0.69% +0.50
SRAD Sportradar Group AG-A New 0.47% +0.47
CAKE The Cheesecake Factory Inc. New 0.46% +0.46
ONC Beone Medicines Ltd.-ADR Add +1749.1% 0.47% +0.46
IBN Icici Bank Ltd.-Spon ADR Add +3.2% 2.13% +0.46
PLNT Planet Fitness Inc. Class A New 0.45% +0.45
SFM Sprouts Farmers Market Inc. Add +3.0% 1.43% +0.44
GTLB Gitlab Inc. Class A New 0.39% +0.39
CFLT Confluent Inc. Class A New 0.39% +0.39
ARIS WATER SOLUTIONS INC-A New 0.38% +0.38
LTH Life Time Group Holdings Inc. Add +7.1% 0.92% +0.38
ADMA Adma Biologics Inc. Add +114.9% 0.56% +0.37
GPOR Gulfport Energy Corp. Add +65.4% 0.75% +0.36
TARS Tarsus Pharmaceuticals Inc. New 0.36% +0.36
PTCT PTC Therapeutics Inc. Add +45.3% 0.74% +0.36
ESAB Esab Corp. New 0.35% +0.35
VALE Vale SA-SP ADR New 0.35% +0.35
ITUB Itau Unibanco H-Spon PRF ADR Add +40.3% 0.77% +0.35
PAAS Pan American Silver Corp. Add +77.2% 0.54% +0.33
MP MP Materials Corp. New 0.33% +0.33
FRSH Freshworks Inc. Class A New 0.33% +0.33
ESE Esco Technologies Inc. New 0.33% +0.33
TTWO Take-Two Interactive Softwre New 0.32% +0.32
EPI Wisdomtree India Earnings New 0.32% +0.32
ROKU Roku Inc. New 0.32% +0.32
RELY Remitly Global Inc. New 0.32% +0.32
NXT Nextpower Inc. New 0.31% +0.31
SEI Solaris Energy Infrastructur Add +278.0% 0.42% +0.30
TGTX TG Therapeutics Inc. New 0.29% +0.29
BRBR Bellring Brands Inc. Add +19.4% 1.05% +0.29
CORT Corcept Therapeutics Inc. New 0.29% +0.29
GTES Gates Industrial Corp. UK Ltd. Add +4976.3% 0.29% +0.28
LRN Stride Inc. Add +12.3% 0.75% +0.28
PAY Paymentus Holdings Inc. Class A Add +152.3% 0.48% +0.27
PLMR Palomar Holdings Inc. Add +3.1% 0.74% +0.27
BAP Credicorp Ltd. Add +13.4% 1.03% +0.26
KTOS Kratos Defense & Security Add +120.0% 0.39% +0.25
ALKS Alkermes PLC New 0.25% +0.25
AROC Archrock Inc. New 0.24% +0.24
GMED Globus Medical Inc. Class A Add +60.1% 0.62% +0.24
HCI Hci Group Inc. Add +0.1% 0.73% +0.24
AXSM Axsome Therapeutics Inc. New 0.24% +0.24

Notes & Other Activity Q4 2024 → Q1 2025

OACCW Oaktree Acquisition III -31 *W EXP 09/01/203 New 180,000 $122K
KDKRW Ares Acquisition Corp. II-28 *W EXP 99/99/999 Sold out 250,000 $40Kbefore exit
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 Sold out 249,999 $35Kbefore exit
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 New 12,499 $8K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 353$17.3BTSM, DFTX, PRAX, XENE, SIMO
Q1 2026 354$13.6BTSM, PRAX, XENE, CRNX, PL
Q4 2025 385$14.7BTSM, CRNX, PRAX, GH, XENE
Q3 2025 418$14.0BTSM, CRNX, PL, SITM, XENE
Q2 2025 403$12.5BTSM, CCJ, IBN, AXON, CYBR
Q1 2025 388$10.4BTSM, IBN, CRNX, XENE, SFM
Q4 2024 375$12.1BTSM, CRNX, IBN, XENE, ALAB
Q3 2024 370$11.6BTSM, CRNX, TMDX, IBN, PCVX
Q2 2024Amended 361$10.3BTSM, CRNX, TMDX, CCJ, IBN
Q1 2024 380$10.0BTSM, SMCI, CRNX, XENE, CAMT