Driehaus Capital Management LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Driehaus Capital Management LLC reported 403 stock positions worth $12.5 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 4.6% of the portfolio, followed by Cameco (CCJ, 1.6%) and Icici Bank Ltd.-Spon ADR (IBN, 1.6%). Compared with Q1 2025, it opened 120 new positions, sold out of 105, added to 126 and reduced 142. The biggest buy was a new position in Credo Technology Group Holdi (CRDO) and the biggest sale an exit from Yum China (YUMC).

Most Recent 13F
Q2 2026
Location
Chicago, IL
CIK
0000938206
Portfolio Value
$12.5B (Q2 2025)
SEC Filing
0000938206-25-000037 ↗ filed Aug 14, 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 Q1 2025 Q2 2025: $12.5B $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 403 stocks · $12.5B

TSM Taiwan Semiconductor-SP ADR 4.64% 2,559,401 $579.7M Reduce -5.2%
CCJ Cameco Corp. 1.58% 2,663,067 $197.7M Add +34.9%
IBN Icici Bank Ltd.-Spon ADR 1.58% 5,866,878 $197.4M Reduce -16.5%
AXON Axon Enterprise Inc. 1.54% 232,551 $192.5M Add +8.3%
CYBR Cyberark Software Ltd./Israel 1.48% 454,923 $185.1M Add +5.6%
CRNX Crinetics Pharmaceuticals Inc. 1.47% 6,400,025 $184.1M Add +2.6%
NTRA Natera Inc. 1.33% 985,105 $166.4M Add +4.3%
MELI MercadoLibre Inc. 1.14% 54,562 $142.6M Reduce -12.1%
XENE Xenon Pharmaceuticals Inc. 1.09% 4,335,648 $135.7M Reduce -5.4%
CRDO Credo Technology Group Holdi 1.08% 1,463,996 $135.6M New
CW Curtiss-Wright Corp. 1.08% 276,123 $134.9M Reduce -2.3%
GH Guardant Health Inc. 1.03% 2,475,613 $128.8M Add +28.1%
CRS Carpenter Technology 1.01% 456,674 $126.2M Reduce -20.3%
CVNA Carvana Co. 1.01% 372,785 $125.6M Add +6.2%
ALAB Astera Labs Inc. 0.97% 1,346,324 $121.7M Add +568.9%
TMDX Transmedics Group Inc. 0.92% 854,039 $114.4M Add +9.7%
ROAD Construction Partners Inc. Class A 0.91% 1,069,379 $113.7M Add +29.0%
HDB HDFC Bank Ltd.-ADR 0.88% 1,429,661 $109.6M New
CVLT Commvault Systems Inc. 0.87% 620,898 $108.2M Add +17.2%
SITM Sitime Corp. 0.85% 500,787 $106.7M Add +298.5%
CR Crane Co. 0.82% 542,743 $103.1M Add +10.3%
APGE Apogee Therapeutics Inc. 0.80% 2,310,755 $100.4M Reduce -1.2%
STNE Stoneco Ltd. Class A 0.80% 6,243,152 $100.1M New
BROS Dutch Bros Inc. Class A 0.80% 1,459,802 $99.8M Add +10.5%
BAP Credicorp Ltd. 0.79% 440,545 $98.5M Reduce -23.3%
CORZ Core Scientific Inc. 0.79% 5,749,758 $98.1M New
STRL Sterling Infrastructure Inc. 0.77% 416,820 $96.2M New
GPOR Gulfport Energy Corp. 0.76% 473,138 $95.2M Add +12.4%
KRMN Karman Holdings Inc. 0.71% 1,771,714 $89.2M Add +148.5%
KTOS Kratos Defense & Security 0.70% 1,876,904 $87.2M Add +38.6%
SRAD Sportradar Group AG-A 0.68% 3,041,901 $85.4M Add +35.3%
LTH Life Time Group Holdings Inc. 0.68% 2,802,694 $85.0M Reduce -11.5%
SCCO Southern Copper Corp. 0.68% 839,814 $85.0M Reduce -20.7%
FN Fabrinet 0.68% 287,189 $84.6M New
AVAV Aerovironment Inc. 0.67% 293,860 $83.7M New
PAY Paymentus Holdings Inc. Class A 0.67% 2,542,516 $83.3M Add +34.0%
UPST Upstart Holdings Inc. 0.66% 1,271,891 $82.3M Add +4.7%
OLLI Ollie's Bargain Outlet Holdi 0.64% 611,431 $80.6M New
RYTM Rhythm Pharmaceuticals Inc. 0.64% 1,269,952 $80.2M Reduce -12.9%
ITUB Itau Unibanco H-Spon PRF ADR 0.64% 11,779,163 $80.0M Reduce -19.1%
SKWD Skyward Specialty Insurance 0.64% 1,381,039 $79.8M Add +15.2%
COHR Coherent Corp. 0.62% 871,223 $77.7M Add +53.1%
NTNX Nutanix Inc. Class A 0.60% 983,493 $75.2M Add +5.0%
LITE Lumentum Holdings Inc. 0.60% 786,238 $74.7M New
CLS Celestica Inc. 0.59% 471,633 $73.6M New
PLMR Palomar Holdings Inc. 0.59% 474,922 $73.3M Reduce -15.1%
BBIO Bridgebio Pharma Inc. 0.58% 1,691,213 $73.0M Add +12.7%
DRS Leonardo DRS Inc. 0.58% 1,563,245 $72.7M Add +90.7%
LRN Stride Inc. 0.58% 497,342 $72.2M Reduce -19.0%
MRUS Merus NV 0.57% 1,366,244 $71.9M Add +8.9%
UEC Uranium Energy Corp. 0.57% 10,566,677 $71.9M Add +43.4%
HCI Hci Group Inc. 0.57% 470,056 $71.5M Reduce -6.8%
MOS The Mosaic Co. 0.57% 1,952,411 $71.2M Add +646.3%
ARM Arm Holdings PLC-ADR 0.57% 437,769 $70.8M Add +2166.2%
YMM Full Truck Alliance -SPN ADR 0.56% 5,947,088 $70.2M New
TME Tencent Music Entertainm-ADR 0.54% 3,444,934 $67.1M New
MGNI Magnite Inc. 0.54% 2,782,178 $67.1M Add +15.5%
FTAI Ftai Aviation Ltd. 0.54% 582,025 $67.0M Reduce -38.9%
SE Sea Ltd.-ADR 0.51% 400,765 $64.1M Reduce -37.1%
MOD Modine Manufacturing Co. 0.51% 649,794 $64.0M Add +166.1%
MNDY Monday.com Ltd. 0.51% 202,183 $63.6M Reduce -11.3%
SEI Solaris Energy Infrastructur 0.51% 2,244,374 $63.5M Add +10.8%
RKLB Rocket Lab Corp. 0.51% 1,766,780 $63.2M New
SFM Sprouts Farmers Market Inc. 0.50% 378,383 $62.3M Reduce -61.0%
ALKT Alkami Technology Inc. 0.49% 2,044,303 $61.6M Add +11.8%
LOPE Grand Canyon Education Inc. 0.49% 324,928 $61.4M Add +255.9%
PLNT Planet Fitness Inc. Class A 0.49% 559,498 $61.0M Add +16.6%
BOOT Boot Barn Holdings Inc. 0.48% 394,373 $59.9M Add +40.1%
FLS Flowserve Corp. 0.48% 1,136,637 $59.5M Reduce -35.6%
LOAR Loar Holdings Inc. 0.46% 670,439 $57.8M Add +91.2%
FTI Technipfmc PLC 0.45% 1,632,381 $56.2M Reduce -6.7%
LRCX Lam Research Corp. 0.45% 575,535 $56.0M New
GGAL Grupo Financiero Galicia-ADR 0.44% 1,095,098 $55.2M Add +74.4%
ESE Esco Technologies Inc. 0.44% 284,299 $54.5M Add +33.9%
PTCT PTC Therapeutics Inc. 0.41% 1,059,026 $51.7M Reduce -30.0%
GKOS Glaukos Corp. 0.41% 500,472 $51.7M Reduce -48.6%
DAVE Dave Inc. 0.41% 191,943 $51.5M Add +83.4%
AVPT Avepoint Inc. 0.41% 2,650,323 $51.2M Add +135.6%
VSEC Vse Corp. 0.41% 390,328 $51.1M Add +41.0%
PWR Quanta Services Inc. 0.41% 134,482 $50.8M Add +20.0%
MTSI Macom Technology Solutions H 0.40% 348,754 $50.0M New
SEPN Septerna Inc. 0.40% 4,680,431 $49.5M Add +49.9%
ONC Beone Medicines Ltd.-ADR 0.38% 198,203 $48.0M Add +9.5%
HAPN Happen Inc. filed as LENDINGCLUB CORP 0.38% 3,983,212 $47.9M Add +2.2%
PAAS Pan American Silver Corp. 0.38% 1,687,123 $47.9M Reduce -21.6%
FSS Federal Signal Corp. 0.38% 443,388 $47.2M Add +3.3%
HOOD Robinhood Markets Inc. Class A 0.38% 502,512 $47.1M Reduce -20.0%
IDCC Interdigital Inc. 0.37% 205,083 $46.0M New
ACVA Acv Auctions Inc. Class A 0.36% 2,801,374 $45.4M Add +2.9%
ADMA Adma Biologics Inc. 0.36% 2,477,013 $45.1M Reduce -15.9%
EMBJ Embraer SA-Spon ADR 0.36% 786,849 $44.8M Reduce -61.6%
KNF Knife River Corp. 0.35% 540,385 $44.1M Reduce -49.9%
AR Antero Resources Corp. 0.35% 1,094,099 $44.1M Add +8.2%
MIR Mirion Technologies Inc. 0.35% 2,007,888 $43.2M New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.34% 3,140,324 $43.1M New
WVE Wave Life Sciences Ltd. 0.34% 6,531,519 $42.5M Add +2.7%
TTWO Take-Two Interactive Softwre 0.34% 173,591 $42.2M Add +8.5%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 0.34% 329,655 $41.9M New
PTGX Protagonist Therapeutics Inc. 0.34% 757,710 $41.9M Add +222.3%
SRRK Scholar Rock Holding Corp. 0.33% 1,177,515 $41.7M Add +129.1%
JBTM JBT Marel Corp. 0.33% 344,762 $41.5M Reduce -32.0%
ODD Oddity Tech Ltd. Class A 0.33% 543,159 $41.0M New
KYMR Kymera Therapeutics Inc. 0.33% 933,890 $40.8M Reduce -20.1%
VALE Vale SA-SP ADR 0.32% 4,144,739 $40.2M Add +14.5%
CAVA Cava Group Inc. 0.32% 476,772 $40.2M Add +63.2%
LEU Centrus Energy Corp. Class A 0.32% 216,264 $39.6M Add +39.5%
AGI Alamos Gold Inc. Class A 0.32% 1,484,557 $39.4M Reduce -34.2%
RBRK Rubrik Inc. Class A 0.31% 436,788 $39.1M New
PRCH Porch Group Inc. 0.30% 3,188,838 $37.6M Reduce -0.6%
PODD Insulet Corp. 0.30% 119,435 $37.5M Reduce -18.1%
PL Planet Labs PBC 0.30% 6,062,183 $37.0M New
EXLS Exlservice Holdings Inc. 0.29% 836,131 $36.6M Reduce -31.6%
GTES Gates Industrial Corp. UK Ltd. 0.29% 1,582,473 $36.4M Reduce -1.5%
EOSE Eos Energy Enterprises Inc. 0.29% 7,041,959 $36.1M Add +97.8%
AFRM Affirm Holdings Inc. 0.29% 516,231 $35.7M Add +31.5%
TARS Tarsus Pharmaceuticals Inc. 0.28% 876,547 $35.5M Add +22.1%
AGX Argan Inc. 0.28% 160,824 $35.5M New
BWXT BWX Technologies Inc. 0.28% 246,027 $35.4M Add +150.1%
CORT Corcept Therapeutics Inc. 0.28% 481,305 $35.3M Add +85.4%
BRBR Bellring Brands Inc. 0.28% 598,558 $34.7M Reduce -59.0%
ARLO Arlo Technologies Inc. 0.27% 1,997,970 $33.9M Add +42.4%
ASND Ascendis Pharma A/S 0.27% 195,108 $33.7M Add +28.5%
TWLO Twilio Inc. Class A 0.27% 268,404 $33.4M Add +8.7%
RSI Rush Street Interactive Inc. 0.26% 2,209,881 $32.9M Reduce -10.9%
SEZL Sezzle Inc. 0.26% 182,232 $32.7M Reduce -44.3%
SLNO Soleno Therapeutics Inc. 0.26% 384,273 $32.2M Add +55.1%
TCOM Trip.com Group Ltd.-ADR 0.26% 545,876 $32.0M Reduce -34.3%
VRNA Verona Pharma Ltd. 0.26% 338,360 $32.0M New
CAKE The Cheesecake Factory Inc. 0.25% 507,614 $31.8M Reduce -48.2%
ESAB Esab Corp. 0.25% 263,442 $31.8M Reduce -15.7%
SYRE Spyre Therapeutics Inc. 0.25% 2,085,590 $31.2M Reduce -23.3%
CNM Core & Main Inc. Class A 0.25% 513,083 $31.0M Add +6.4%
AMSC American Superconductor Corp. 0.25% 839,847 $30.8M Add +0.0%
PEN Penumbra Inc. 0.24% 118,643 $30.4M Add +55.5%
GWRE Guidewire Software Inc. 0.24% 128,576 $30.3M Add +12.7%
COCO The Vita Coco Co. Inc. 0.24% 827,788 $29.9M Reduce -15.3%
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 0.24% 753,652 $29.7M New
BV Brightview Holdings Inc. 0.23% 1,756,476 $29.2M Reduce -0.6%
FIX Comfort Systems USA Inc. 0.23% 54,337 $29.1M New
TGTX TG Therapeutics Inc. 0.23% 807,833 $29.1M Add +4.3%
UTI Universal Technical Institut 0.23% 848,676 $28.8M Add +5.6%
ADPT Adaptive Biotechnologies 0.23% 2,423,590 $28.2M Add +12.6%
TKO Tko Group Holdings Inc. 0.22% 154,024 $28.0M Add +6.4%
WGS Genedx Holdings Corp. 0.22% 303,455 $28.0M Reduce -33.3%
EWTX Edgewise Therapeutics Inc. 0.22% 2,101,781 $27.6M Add +52.8%
GENI Genius Sports Ltd. 0.21% 2,566,596 $26.7M Reduce -11.1%
CELH Celsius Holdings Inc. 0.21% 572,254 $26.5M New
INOD Innodata Inc. 0.21% 512,210 $26.2M Reduce -9.8%
WFRD Weatherford International PL 0.21% 519,583 $26.1M New
ALNY Alnylam Pharmaceuticals Inc. 0.21% 79,714 $26.0M Add +39.5%
NXT Nextpower Inc. filed as NEXTRACKER INC 0.20% 460,557 $25.0M Reduce -39.8%
IRTC Irhythm Holdings Inc. 0.20% 161,646 $24.9M New
RBC RBC Bearings Inc. 0.20% 64,316 $24.7M Add +81.3%
SPXC SPX Technologies Inc. 0.20% 147,167 $24.7M New
XMTR Xometry Inc. Class A 0.20% 728,757 $24.6M Add +45.8%
SLDE Slide Insurance Holdings Inc. 0.19% 1,120,201 $24.3M New
AAOI Applied Optoelectronics Inc. 0.19% 940,913 $24.2M New
CHEF The Chefs' Warehouse Inc. 0.19% 371,945 $23.7M New
ALKS Alkermes PLC 0.19% 826,811 $23.7M Add +4.3%
NXE Nexgen Energy Ltd. 0.19% 3,360,064 $23.3M Add +48.7%
AXSM Axsome Therapeutics Inc. 0.19% 223,280 $23.3M Add +4.3%
OSIS Osi Systems Inc. 0.18% 102,713 $23.1M New
EYE National Vision Holdings Inc. 0.18% 988,212 $22.7M New
ARIS WATER SOLUTIONS INC-A 0.18% 957,285 $22.6M Reduce -23.1%
PRAX Praxis Precision Medicines I 0.18% 530,988 $22.3M Add +10.3%
ULS Ul Solutions Inc. Class A 0.18% 304,692 $22.2M Add +54.6%
RARE Ultragenyx Pharmaceutical Inc. 0.18% 606,407 $22.0M Reduce -28.9%
AGYS Agilysys Inc. 0.18% 191,805 $22.0M Add +106.0%
HWM Howmet Aerospace Inc. 0.18% 117,859 $21.9M Reduce -37.5%
LMB Limbach Holdings Inc. 0.17% 153,878 $21.6M Add +130.8%
ELF Elf Beauty Inc. 0.17% 171,252 $21.3M New
IMAX Imax Corp. 0.17% 754,256 $21.1M Add +77.8%
CCB Coastal Financial Corp. 0.17% 215,712 $20.9M Reduce -0.5%
RGLD Royal Gold Inc. 0.16% 114,964 $20.4M Reduce -4.6%
TOST Toast Inc. Class A 0.16% 458,858 $20.3M Reduce -33.3%
MIND MEDICINE MINDMED INC 0.16% 3,092,658 $20.1M Reduce -7.7%
RDW Redwire Corp. 0.16% 1,218,979 $19.9M New
AROC Archrock Inc. 0.16% 800,057 $19.9M Reduce -17.3%
GIL Gildan Activewear Inc. 0.16% 400,500 $19.7M Add +108.6%
CASH Pathward Financial Inc. 0.16% 245,761 $19.4M Reduce -0.6%
TW Tradeweb Markets Inc. Class A 0.16% 132,644 $19.4M Reduce -28.4%
DUOL Duolingo 0.15% 47,208 $19.4M New
CHWY Chewy Inc. Class A 0.15% 452,233 $19.3M Add +44.2%
BYRN Byrna Technologies Inc. 0.15% 617,952 $19.1M Add +37.4%
FIVE Five Below 0.15% 143,460 $18.8M New
REVG Rev Group Inc. 0.15% 395,072 $18.8M Reduce -48.9%
QXO Qxo Inc. 0.15% 869,546 $18.7M Add +2698.5%
EXEL Exelixis Inc. 0.15% 423,855 $18.7M Reduce -8.6%
LGND Ligand Pharmaceuticals 0.15% 161,162 $18.3M Reduce -0.6%
TPB Turning Point Brands Inc. 0.15% 240,631 $18.2M New
BKSY Blacksky Technology Inc. 0.15% 884,921 $18.2M New
MBX MBX Biosciences Inc. 0.14% 1,571,906 $17.9M Reduce -0.5%
KNSA Kiniksa Pharmaceuticals Inte 0.14% 647,980 $17.9M Add +6.0%
QBTS D-Wave Quantum Inc. 0.14% 1,209,747 $17.7M New
CECO Ceco Environmental Corp. 0.14% 610,048 $17.3M Add +4.9%
WIX Wix.com Ltd. 0.14% 106,689 $16.9M Reduce -55.5%
BBNX Beta Bionics Inc. 0.14% 1,159,737 $16.9M Add +31.4%
ROOT Root Inc./Oh Class A 0.13% 130,933 $16.8M Reduce -14.4%
NUVL Nuvalent Inc. Class A 0.13% 216,422 $16.5M Reduce -59.3%
IAG Iamgold Corp. 0.13% 2,234,439 $16.4M New
ASTS Ast Spacemobile Inc. 0.13% 345,490 $16.1M New
ATEC Alphatec Holdings Inc. 0.13% 1,453,756 $16.1M Add +41.8%
LB Landbridge Co. LLC-A 0.13% 231,580 $15.7M Add +18.5%
ARQT Arcutis Biotherapeutics Inc. 0.12% 1,085,954 $15.2M Reduce -0.6%
SMR Nuscale Power Corp. 0.12% 381,830 $15.1M New
CACI Caci International Inc. Class A 0.12% 31,661 $15.1M New
DY Dycom Industries Inc. 0.12% 61,731 $15.1M New
WWW Wolverine World Wide Inc. 0.12% 830,457 $15.0M Add +11.2%
LAUR Laureate Education Inc. 0.12% 637,838 $14.9M Add +42.0%
ACHR Archer Aviation Inc. Class A 0.12% 1,374,198 $14.9M New
OSW Onespaworld Holdings Ltd. 0.12% 726,336 $14.8M Reduce -41.0%
VIK Viking Holdings Ltd. 0.12% 277,191 $14.8M Add +6.4%
WULF Terawulf Inc. 0.12% 3,354,503 $14.7M New
SMLR Semler Scientific Inc. 0.12% 377,277 $14.6M Add +102.0%
RELY Remitly Global Inc. 0.12% 770,862 $14.5M Reduce -51.0%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.12% 133,573 $14.4M Reduce -22.4%
BOW Bowhead Specialty Holdings I 0.11% 382,500 $14.4M Add +23.2%
TPR Tapestry Inc. 0.11% 162,003 $14.2M New
VITL Vital Farms Inc. 0.11% 363,029 $14.0M Reduce -21.2%
GPCR Structure Therapeutics Inc. 0.11% 672,792 $14.0M Reduce -47.1%
CAE Cae Inc. 0.11% 628,800 $13.5M Add +88.6%
OLO Olo Inc. Class A 0.11% 1,500,960 $13.4M Add +19.4%
ORA Ormat Technologies Inc. 0.11% 158,354 $13.3M New
TWFG TWFG Inc. 0.11% 377,138 $13.2M Reduce -0.6%
SN Sharkninja Inc. 0.11% 132,976 $13.2M Reduce -25.9%
FMX Fomento Economico Mex-SP ADR 0.10% 126,187 $13.0M New
CASY Casey's General Stores Inc. 0.10% 24,988 $12.8M Add +1402.6%
OPRA Opera Ltd.-ADR 0.10% 670,248 $12.7M Add +4.2%
BLFY Blue Foundry Bancorp 0.10% 1,317,050 $12.6M Reduce -17.5%
CFLT Confluent Inc. Class A 0.10% 504,361 $12.6M Reduce -70.4%
IFS Intercorp Financial Services 0.10% 329,229 $12.6M Add +3.5%
JBIO Jade Biosciences Inc. 0.10% 1,255,798 $12.5M New
CNNE Cannae Holdings Inc. 0.10% 599,180 $12.5M Reduce -46.3%
AS Amer Sports Inc. 0.10% 319,969 $12.4M New
TDY Teledyne Technologies Inc. 0.10% 23,975 $12.3M Reduce -47.1%
AZZ Azz Inc. 0.10% 128,264 $12.1M Reduce -0.6%
FICO Fair Isaac Corp. 0.09% 6,435 $11.8M Reduce -24.7%
MRCY Mercury Systems Inc. 0.09% 218,346 $11.8M New
SNEX Stonex Group Inc. 0.09% 127,424 $11.6M New
ARGX Argenx SE - ADR 0.09% 20,744 $11.4M Reduce -57.7%
MYRG MYR Group Inc./Delaware 0.09% 62,154 $11.3M New
NPCE Neuropace Inc. 0.09% 1,005,358 $11.2M Add +25.1%
INSM Insmed Inc. 0.09% 108,081 $10.9M Reduce -67.4%
CDTX Cidara Therapeutics Inc. 0.09% 222,439 $10.8M New
OPLN Openlane Inc. 0.09% 441,723 $10.8M New
CGNT Cognyte Software Ltd. 0.09% 1,168,007 $10.8M Add +102.7%
HURN Huron Consulting Group Inc. 0.09% 78,417 $10.8M Reduce -18.6%
CHYM Chime Financial Inc. Class A 0.09% 308,834 $10.7M New
APLD Applied Digital Corp. 0.08% 1,047,749 $10.6M New
ONON On Holding AG Class A filed as ON HLDG AG 0.08% 199,600 $10.4M Add +2004.6%
PPTA Perpetua Resources Corp. 0.08% 852,473 $10.3M New
ASPI Asp Isotopes Inc. 0.08% 1,405,414 $10.3M New
TDUP Thredup Inc. Class A 0.08% 1,373,551 $10.3M New
BLBD Blue Bird Corp. 0.08% 233,124 $10.1M New
WSC Willscot Holdings Corp. 0.08% 364,425 $10.0M Reduce -8.6%
CRCL Circle Internet Group Inc. 0.08% 54,497 $9.9M New
APPS Digital Turbine Inc. 0.08% 1,664,226 $9.8M New
KRUS Kura Sushi USA Inc. Class A 0.08% 112,929 $9.7M Reduce -0.6%
XERS Xeris Biopharma Holdings Inc. 0.08% 2,071,075 $9.7M Add +46.7%
DPZ Domino's Pizza Inc. 0.08% 21,416 $9.7M New
DRVN Driven Brands Holdings Inc. 0.08% 537,471 $9.4M New
SWIM Latham Group Inc. 0.07% 1,454,041 $9.3M Reduce -0.6%
EVER Everquote Inc. Class A 0.07% 379,543 $9.2M New
GRPN Groupon Inc. 0.07% 271,414 $9.1M New
NGVC Natural Grocers BY Vitamin C 0.07% 228,026 $9.0M Add +40.4%
BEAG Bold Eagle Acquisition Cor-A 0.07% 853,525 $8.9M Reduce -28.9%
GRDN Guardian Phrmcy Services-A 0.07% 404,333 $8.6M Add +0.3%
TATT Tat Technologies Ltd. 0.07% 278,319 $8.5M New
CPA Copa Holdings SA Class A 0.07% 76,717 $8.4M New
KFII K&F Growth Acquisition Cor-A 0.07% 801,084 $8.2M Reduce -33.2%
ASIC Ategrity Specialty Holdings 0.07% 377,995 $8.1M New
AMLX Amylyx Pharmaceuticals Inc. 0.06% 1,264,997 $8.1M New
SPRY Ars Pharmaceuticals Inc. 0.06% 464,030 $8.1M New
REAL The Realreal Inc. filed as THE REALREAL INC 0.06% 1,669,426 $8.0M Reduce -7.8%
GDEN Golden Entertainment Inc. 0.06% 270,887 $8.0M Reduce -29.4%
BKV BKV Corporation 0.06% 329,068 $7.9M Reduce -0.6%
OACC Oaktree Acquisition Corp. I-A 0.06% 757,208 $7.9M Reduce -15.9%
CSGP Costar Group Inc. 0.06% 96,183 $7.7M Reduce -35.0%
DYNC Dynamix Corp. 0.06% 748,023 $7.6M Reduce -16.9%
ATXS Astria Therapeutics Inc. 0.06% 1,419,333 $7.6M Reduce -0.6%
MWA Mueller Water Products Inc. Class A 0.06% 312,183 $7.5M Reduce -59.4%
HLMN Hillman Solutions Corp. 0.06% 1,040,743 $7.4M Reduce -8.4%
LIND Lindblad Expeditions Holding 0.06% 632,544 $7.4M Reduce -0.6%
JCAP Jefferson Capital Inc. 0.06% 400,000 $7.4M New
MNTN MNTN Inc. Class A 0.06% 333,196 $7.3M New
KRRO Korro Bio Inc. 0.06% 580,859 $7.3M Reduce -0.3%
EMXC iShares MSCI Emr MRK Ex Chna 0.06% 111,744 $7.1M No change
BCRX Biocryst Pharmaceuticals Inc. 0.06% 766,899 $6.9M New
ATII Archimedes Tech Spac Partner 0.05% 664,298 $6.8M New
CNTA Centessa Pharmaceuticals Ltd. 0.05% 510,779 $6.7M Reduce -53.4%
SIMO Silicon Motion Technol-ADR 0.05% 87,651 $6.6M New
ENVX Enovix Corp. 0.05% 636,032 $6.6M Reduce -72.6%
GRSD Grandstand Ltd. filed as GAMBLING COM GROUP LIMITED 0.05% 540,512 $6.4M Reduce -28.0%
MCW Mister Car Wash Inc. 0.05% 1,053,903 $6.3M Reduce -33.0%
GXO Gxo Logistics Inc. 0.05% 127,645 $6.2M Reduce -9.7%
TDW Tidewater Inc. 0.05% 134,601 $6.2M New
EPAC Enerpac Tool Group Corp. 0.05% 151,797 $6.2M Reduce -10.3%
VOYG Voyager Technologies Inc. Class A 0.05% 155,545 $6.1M New
TITN Titan Machinery Inc. 0.05% 289,809 $5.7M Reduce -0.6%
VRDN Viridian Therapeutics Inc. 0.04% 376,846 $5.3M Reduce -70.3%
LTBR Lightbridge Corp. 0.04% 392,984 $5.3M New
LUCK Lucky Strike Entertainment C 0.04% 574,157 $5.2M Reduce -9.9%
CALX Calix Inc. 0.04% 92,855 $4.9M New
CBIO Crescent Biopharma Inc. 0.04% 302,457 $4.9M New
PENN Penn Entertainment Inc. 0.04% 273,088 $4.9M Reduce -14.2%
NHIC Newhold Investment Cor III-A 0.04% 453,013 $4.6M New
TACO Berto Acquisition Corp. 0.04% 431,412 $4.5M New
EPI Wisdomtree India Earnings 0.03% 91,206 $4.3M Reduce -87.9%
KLAC KLA Corp. 0.03% 4,825 $4.3M Add +83.0%
LINC Lincoln Educational Services 0.03% 183,410 $4.2M New
GSHR Gesher Acquisition Corp. II-A 0.03% 400,000 $4.1M New
NVDA Nvidia Corp. 0.03% 25,045 $4.0M Add +21.6%
CRMD Cormedix Inc. 0.03% 307,239 $3.8M New
DSGN Design Therapeutics Inc. 0.03% 1,076,236 $3.6M Add +17.8%
MSFT Microsoft Corp. 0.03% 7,122 $3.5M Add +12.0%
INDA iShares MSCI India ETF 0.03% 60,863 $3.4M New
XGN Exagen Inc. 0.03% 480,918 $3.4M Add +14.9%
TBBB BBB Foods Inc. Class A 0.03% 120,319 $3.3M Reduce -85.8%
K Kellanova 0.02% 39,167 $3.1M New
EWY iShares MSCI South Korea ETF 0.02% 38,126 $2.7M New
SKYE Skye Bioscience Inc. 0.02% 620,395 $2.6M No change
VINP Vinci Compass Investments LT filed as VINCI PARTNERS INVTS LTD 0.02% 263,726 $2.6M No change
VIST Vista Energy Sab DE CV 0.02% 53,018 $2.5M Reduce -8.9%
EWT iShares MSCI Taiwan ETF 0.02% 44,113 $2.5M New
PCVX Vaxcyte Inc. 0.02% 73,376 $2.4M Reduce -93.1%
MAZE Maze Therapeutics Inc. 0.02% 193,400 $2.4M Add +46.4%
BLUWU Blue Water Acquisition III filed as BLUE WTR ACQUISITION CORP. I 0.02% 225,000 $2.3M New
GAUZ Gauzy Ltd. 0.02% 256,279 $2.2M Reduce -1.1%
GFI Gold Fields Ltd.-Spons ADR 0.02% 89,009 $2.1M New
CTSH Cognizant Tech Solutions-A 0.02% 26,703 $2.1M Reduce -34.1%
IMNM Immunome Inc. 0.02% 221,000 $2.1M Reduce -63.8%
VIV Telefonica Brasil-ADR 0.02% 173,081 $2.0M No change
GRAB Grab Holdings Ltd. Class A 0.02% 383,120 $1.9M Reduce -96.4%
JPM JPMorgan Chase & Co. 0.02% 6,559 $1.9M Add +17.7%
META Meta Platforms Inc. Class A 0.01% 2,442 $1.8M Reduce -33.4%
JNPR Juniper Networks Inc. 0.01% 45,000 $1.8M New
BABA Alibaba Group Holding-SP ADR 0.01% 15,182 $1.7M Reduce -58.2%
ABCL Abcellera Biologics Inc. 0.01% 499,922 $1.7M New
CHT Chunghwa Telecom LT-Spon ADR 0.01% 36,471 $1.7M No change
GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 0.01% 54,004 $1.7M Reduce -96.6%
GOOGL Alphabet Inc. Class A 0.01% 9,006 $1.6M Add +1.9%
LRMR Larimar Therapeutics Inc. 0.01% 535,464 $1.5M Add +50.4%
SO The Southern Co. 0.01% 16,552 $1.5M Add +59.1%
XRPN Armada Acquisition Class A 0.01% 150,000 $1.5M New
RAPP Rapport Therapeutics Inc. 0.01% 131,340 $1.5M New
PAM Pampa Energia SA-Spon ADR 0.01% 21,253 $1.5M Add +17.4%
SION Sionna Therapeutics Inc. 0.01% 83,850 $1.5M Reduce -74.5%
AMZN Amazon.com Inc. 0.01% 6,533 $1.4M Reduce -34.3%
AVGO Broadcom Inc. 0.01% 4,878 $1.3M Reduce -13.8%
LLY Eli Lilly & Co. 0.01% 1,641 $1.3M Reduce -2.0%
TMCI Treace Medical Concepts Inc. 0.01% 188,915 $1.1M Reduce -59.7%
LIN Linde PLC 0.01% 2,305 $1.1M No change
NFLX Netflix Inc. 0.01% 794 $1.1M New
CAEP Cantor Equity Partners III-A 0.01% 100,000 $1.1M New
RZLT Rezolute Inc. 0.01% 233,000 $1.0M New
CCCXU Churchill Capital Corp. X 0.01% 100,000 $1.0M New
PM Philip Morris International 0.01% 5,534 $1.0M Reduce -20.2%
SPOT Spotify Technology SA 0.01% 1,274 $978K Reduce -17.5%
EWZ iShares MSCI Brazil ETF 0.01% 33,633 $970K New
NET Cloudflare Inc. Class A 0.01% 4,890 $958K Reduce -17.0%
COF Capital One Financial Corp. 0.01% 4,457 $948K New
COIN Coinbase Global Inc. Class A 0.01% 2,670 $936K Add +6.1%
EQT Eqt Corp. 0.01% 15,427 $900K Add +24.4%
AZN Astrazeneca PLC-Spons ADR 0.01% 11,833 $827K No change
AMD Advanced Micro Devices 0.01% 5,775 $819K New
XOM Exxon Mobil Corp. 0.01% 7,323 $789K Reduce -27.7%
NOW ServiceNow Inc. 0.01% 760 $781K Add +39.7%
SYK Stryker Corp. 0.01% 1,911 $756K No change
WMT Walmart Inc. 0.01% 7,315 $715K Reduce -36.8%
UAE iShares MSCI Uae ETF 0.01% 37,840 $708K New
BA The Boeing Co. 0.01% 3,344 $701K Reduce -24.4%
MSI Motorola Solutions Inc. 0.01% 1,655 $696K Reduce -25.1%
AAPL Apple Inc. 0.01% 3,337 $685K Reduce -55.0%
CMPS Compass Pathways PLC 0.01% 236,686 $663K Reduce -66.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 13,821 $654K Reduce -32.8%
GLD SPDR Gold Shares 0.01% 2,142 $653K Add +5.9%
Z Zillow Group Inc. Class C 0.01% 8,986 $629K New
ISRG Intuitive Surgical Inc. 0.01% 1,144 $622K Reduce -18.6%
FCNCA First Citizens Bcshs Class A 0.00% 313 $612K Reduce -41.9%
KO The Coca-Cola Co. 0.00% 8,635 $611K Reduce -19.8%
SRZN Surrozen Inc. 0.00% 67,566 $604K Reduce -67.0%
BND Vanguard Total Bond Market 0.00% 7,998 $589K New
BHP BHP Group Ltd.-Spon ADR 0.00% 23,840 $571K No change
UBER Uber Technologies Inc. 0.00% 5,927 $553K New
MCHI iShares MSCI China ETF 0.00% 9,532 $525K New
GREK Global X MSCI Greece ETF 0.00% 8,899 $516K New
CWAN Clearwater Analytics HDS-A 0.00% 22,648 $497K Reduce -99.2%
NGNE Neurogene Inc. 0.00% 32,765 $490K No change
OVID Ovid Therapeutics Inc. 0.00% 1,400,191 $462K No change
AEM Agnico Eagle Mines Ltd. 0.00% 3,800 $453K No change
RLMD Relmada Therapeutics Inc. 0.00% 740,006 $444K New
APP AppLovin Corp. Class A 0.00% 1,214 $425K New
ROP Roper Technologies Inc. 0.00% 734 $416K No change
SVRA Savara Inc. 0.00% 182,296 $416K New
ANET Arista Networks Inc. 0.00% 3,930 $402K New
PLD Prologis Inc. 0.00% 3,459 $364K New
USFD US Foods Holding Corp. 0.00% 4,710 $363K No change
VT Vanguard Tot World STK ETF 0.00% 2,636 $339K Add +10.8%
VRTX Vertex Pharmaceuticals Inc. 0.00% 677 $301K Reduce -38.9%
EIDO iShares MSCI Indonesia ETF 0.00% 14,132 $249K New
KSA Ishrs MSCI Saudi Arabia ETF 0.00% 5,963 $230K Reduce -93.1%
VLUE iShares MSCI USA Value Facto 0.00% 1,828 $207K Reduce -17.9%
ANNX Annexon Inc. 0.00% 258,314 $49K No change
Other holdings (13): bonds, preferreds, convertibles and warrants · $1.2M (not counted above)
SecurityClassShares / PrincipalValueChange
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 226,724$180KNew
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 450,000$162KNo change
ATIIW Archimedes Tech-30 *W EXP 10/15/202 400,000$154KNew
OACCW Oaktree Acquisition III -31 *W EXP 09/01/203 180,000$151KNo change
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 1,200,000$150KNew
PGYWW Pagaya Technologies Ltd. -27 *W EXP 99/99/999 480,716$82KNo change
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 249,999$80KNew
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 249,999$63KNew
GSHRW Gesher Acquisition Corp. I-30 *W EXP 10/31/203 199,999$62KNew
BAERW Wildfire New Pubco Inc.-27 *W EXP 01/24/202 620,220$48KNo change
RVMDW Revolution Medicines Inc.-28 *W EXP 12/17/202 135,000$36KNo change
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 74,999$20KNew
ISPOW Inspirato -CW30 *W EXP 02/11/202 167,540$2KNew

Total filed on the 13F, all lines: $12.5B.

Portfolio Sells Q1 2025 → Q2 2025

YUMC Yum China Holdings Inc. Sold out 0.00% −1.06
SFM Sprouts Farmers Market Inc. Reduce -61.0% 0.50% −0.93
BRBR Bellring Brands Inc. Reduce -59.0% 0.28% −0.77
ESTC Elastic NV Sold out 0.00% −0.76
CWAN Clearwater Analytics HDS-A Reduce -99.2% 0.00% −0.70
COMP Compass Inc. Class A Sold out 0.00% −0.69
GMED Globus Medical Inc. Class A Sold out 0.00% −0.62
KNF Knife River Corp. Reduce -49.9% 0.35% −0.58
IBN Icici Bank Ltd.-Spon ADR Reduce -16.5% 1.58% −0.56
EMBJ Embraer SA-Spon ADR Reduce -61.6% 0.36% −0.55
QNST Quinstreet Inc. Sold out 0.00% −0.54
KMPR Kemper Corp. Sold out 0.00% −0.54
GKOS Glaukos Corp. Reduce -48.6% 0.41% −0.51
PBR Petroleo Brasileiro-Spon ADR Sold out 0.00% −0.50
BEKE Ke Holdings Inc.-ADR Sold out 0.00% −0.49
FTAI Ftai Aviation Ltd. Reduce -38.9% 0.54% −0.48
TVTX Travere Therapeutics Inc. Sold out 0.00% −0.48
GTLS Chart Industries Inc. Sold out 0.00% −0.47
GRAB Grab Holdings Ltd. Class A Reduce -96.4% 0.02% −0.44
XENE Xenon Pharmaceuticals Inc. Reduce -5.4% 1.09% −0.40
VCYT Veracyte Inc. Sold out 0.00% −0.39
GTLB Gitlab Inc. Class A Sold out 0.00% −0.39
WAL Western Alliance Bancorp Sold out 0.00% −0.38
GDS GDS Holdings Ltd. - ADR Reduce -96.6% 0.01% −0.38
PCVX Vaxcyte Inc. Reduce -93.1% 0.02% −0.37
RNAM Avidity Biosciences Inc. Sold out 0.00% −0.36
FLS Flowserve Corp. Reduce -35.6% 0.48% −0.35
SKY Champion Homes Inc. Sold out 0.00% −0.35
MP MP Materials Corp. Sold out 0.00% −0.33
FRSH Freshworks Inc. Class A Sold out 0.00% −0.33
PTCT PTC Therapeutics Inc. Reduce -30.0% 0.41% −0.33
ROKU Roku Inc. Sold out 0.00% −0.32
AIT Applied Industrial Tech Inc. Sold out 0.00% −0.31
ITGR Integer Holdings Corp. Sold out 0.00% −0.30
SE Sea Ltd.-ADR Reduce -37.1% 0.51% −0.29
CFLT Confluent Inc. Class A Reduce -70.4% 0.10% −0.28
EPI Wisdomtree India Earnings Reduce -87.9% 0.03% −0.28
SCCO Southern Copper Corp. Reduce -20.7% 0.68% −0.27
AGI Alamos Gold Inc. Class A Reduce -34.2% 0.32% −0.27
JBTM JBT Marel Corp. Reduce -32.0% 0.33% −0.27
EXLS Exlservice Holdings Inc. Reduce -31.6% 0.29% −0.26
TCOM Trip.com Group Ltd.-ADR Reduce -34.3% 0.26% −0.25
EVR Evercore Inc. Class A Sold out 0.00% −0.24
BAP Credicorp Ltd. Reduce -23.3% 0.79% −0.24
WIX Wix.com Ltd. Reduce -55.5% 0.14% −0.24
LTH Life Time Group Holdings Inc. Reduce -11.5% 0.68% −0.24
MMSI Merit Medical Systems Inc. Sold out 0.00% −0.23
NUVL Nuvalent Inc. Class A Reduce -59.3% 0.13% −0.23
DOCU Docusign Inc. Sold out 0.00% −0.23
GSHD Goosehead Insurance Inc. Class A Sold out 0.00% −0.21

Portfolio Buys Q1 2025 → Q2 2025

CRDO Credo Technology Group Holdi New 1.08% +1.08
HDB HDFC Bank Ltd.-ADR New 0.88% +0.88
ALAB Astera Labs Inc. Add +568.9% 0.97% +0.86
STNE Stoneco Ltd. Class A New 0.80% +0.80
CCJ Cameco Corp. Add +34.9% 1.58% +0.80
CORZ Core Scientific Inc. New 0.79% +0.79
STRL Sterling Infrastructure Inc. New 0.77% +0.77
FN Fabrinet New 0.68% +0.68
AVAV Aerovironment Inc. New 0.67% +0.67
SITM Sitime Corp. Add +298.5% 0.85% +0.67
OLLI Ollie's Bargain Outlet Holdi New 0.64% +0.64
LITE Lumentum Holdings Inc. New 0.60% +0.60
CLS Celestica Inc. New 0.59% +0.59
YMM Full Truck Alliance -SPN ADR New 0.56% +0.56
ARM Arm Holdings PLC-ADR Add +2166.2% 0.57% +0.55
TME Tencent Music Entertainm-ADR New 0.54% +0.54
RKLB Rocket Lab Corp. New 0.51% +0.51
MOS The Mosaic Co. Add +646.3% 0.57% +0.50
KRMN Karman Holdings Inc. Add +148.5% 0.71% +0.48
AXON Axon Enterprise Inc. Add +8.3% 1.54% +0.45
LRCX Lam Research Corp. New 0.45% +0.45
TMDX Transmedics Group Inc. Add +9.7% 0.92% +0.41
MTSI Macom Technology Solutions H New 0.40% +0.40
IDCC Interdigital Inc. New 0.37% +0.37
MIR Mirion Technologies Inc. New 0.35% +0.35
NU Nu Holdings Ltd./Cayman Isl-A New 0.34% +0.34
LOPE Grand Canyon Education Inc. Add +255.9% 0.49% +0.34
CVSA Covista Inc. New 0.34% +0.34
ROAD Construction Partners Inc. Class A Add +29.0% 0.91% +0.34
MOD Modine Manufacturing Co. Add +166.1% 0.51% +0.33
DAVE Dave Inc. Add +83.4% 0.41% +0.33
ODD Oddity Tech Ltd. Class A New 0.33% +0.33
DRS Leonardo DRS Inc. Add +90.7% 0.58% +0.32
RBRK Rubrik Inc. Class A New 0.31% +0.31
KTOS Kratos Defense & Security Add +38.6% 0.70% +0.31
CVNA Carvana Co. Add +6.2% 1.01% +0.30
PL Planet Labs PBC New 0.30% +0.30
AGX Argan Inc. New 0.28% +0.28
MGNI Magnite Inc. Add +15.5% 0.54% +0.27
COHR Coherent Corp. Add +53.1% 0.62% +0.27
VRNA Verona Pharma Ltd. New 0.26% +0.26
AVPT Avepoint Inc. Add +135.6% 0.41% +0.25
MRX Marex UK Holdings Ltd. New 0.24% +0.24
GH Guardant Health Inc. Add +28.1% 1.03% +0.24
UEC Uranium Energy Corp. Add +43.4% 0.57% +0.24
FIX Comfort Systems USA Inc. New 0.23% +0.23
PTGX Protagonist Therapeutics Inc. Add +222.3% 0.34% +0.23
LEU Centrus Energy Corp. Class A Add +39.5% 0.32% +0.22
LOAR Loar Holdings Inc. Add +91.2% 0.46% +0.22
SEPN Septerna Inc. Add +49.9% 0.40% +0.22

Notes & Other Activity Q1 2025 → Q2 2025

TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 New 226,724 $180K
ATIIW Archimedes Tech-30 *W EXP 10/15/202 New 400,000 $154K
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 New 1,200,000 $150K
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 New 249,999 $80K
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 New 249,999 $63K
GSHRW Gesher Acquisition Corp. I-30 *W EXP 10/31/203 New 199,999 $62K
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 New 74,999 $20K
CCIXW Churchill Capital Corp. I-29 *W EXP 03/31/203 Sold out 12,499 $8Kbefore exit
ISPOW Inspirato -CW30 *W EXP 02/11/202 New 167,540 $2K

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