Driehaus Capital Management LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Driehaus Capital Management LLC reported 418 stock positions worth $14.0 billion. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 4.5% of the portfolio, followed by Crinetics Pharmaceuticals (CRNX, 1.9%) and Planet Labs PBC (PL, 1.3%). Compared with Q2 2025, it opened 113 new positions, sold out of 98, added to 142 and reduced 137. The biggest buy was Planet Labs PBC (PL, shares +137%) and the biggest sale Cyberark Software Ltd./Israel (CYBR, shares −100%).

Most Recent 13F
Q2 2026
Location
Chicago, IL
CIK
0000938206
Portfolio Value
$14.0B (Q3 2025)
SEC Filing
0000938206-25-000056 ↗ filed Nov 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 Q2 2025 Q3 2025: $14.0B $14.0B Q3 2025 Q4 2025: $14.7B Q4 2025 Q1 2026: $13.6B Q1 2026 Q2 2026: $17.3B Q2 2026

Holdings 418 stocks · $14.0B

TSM Taiwan Semiconductor-SP ADR 4.49% 2,243,388 $626.6M Reduce -12.3%
CRNX Crinetics Pharmaceuticals Inc. 1.93% 6,481,613 $270.0M Add +1.3%
PL Planet Labs PBC 1.34% 14,372,467 $186.6M Add +137.1%
SITM Sitime Corp. 1.24% 575,208 $173.3M Add +14.9%
XENE Xenon Pharmaceuticals Inc. 1.20% 4,169,114 $167.4M Reduce -3.8%
IBN Icici Bank Ltd.-Spon ADR 1.16% 5,359,266 $162.0M Reduce -8.7%
ALAB Astera Labs Inc. 1.16% 825,269 $161.6M Reduce -38.7%
CCJ Cameco Corp. 1.05% 1,747,262 $146.5M Reduce -34.4%
CW Curtiss-Wright Corp. 1.05% 268,835 $146.0M Reduce -2.6%
RYTM Rhythm Pharmaceuticals Inc. 1.00% 1,383,775 $139.7M Add +9.0%
FN Fabrinet 0.98% 373,436 $136.2M Add +30.0%
GH Guardant Health Inc. 0.96% 2,152,315 $134.5M Reduce -13.1%
CRDO Credo Technology Group Holdi 0.91% 877,110 $127.7M Reduce -40.1%
UEC Uranium Energy Corp. 0.91% 9,487,816 $126.6M Reduce -10.2%
STRL Sterling Infrastructure Inc. 0.87% 357,683 $121.5M Reduce -14.2%
CVLT Commvault Systems Inc. 0.86% 638,119 $120.5M Add +2.8%
CVNA Carvana Co. 0.86% 317,908 $119.9M Reduce -14.7%
AXON Axon Enterprise Inc. 0.85% 164,990 $118.4M Reduce -29.1%
BAP Credicorp Ltd. 0.84% 442,153 $117.7M Add +0.4%
IDCC Interdigital Inc. 0.82% 330,138 $114.0M Add +61.0%
ROAD Construction Partners Inc. Class A 0.81% 893,323 $113.5M Reduce -16.5%
KRMN Karman Holdings Inc. 0.80% 1,553,648 $112.2M Reduce -12.3%
LEU Centrus Energy Corp. Class A 0.80% 359,426 $111.4M Add +66.2%
HDB HDFC Bank Ltd.-ADR 0.78% 3,205,345 $109.5M Add +12.1%
FTAI Ftai Aviation Ltd. 0.78% 655,078 $109.3M Add +12.6%
AVAV Aerovironment Inc. 0.75% 334,244 $105.3M Add +13.7%
WULF Terawulf Inc. 0.74% 9,006,964 $102.9M Add +168.5%
CR Crane Co. 0.71% 538,345 $99.1M Reduce -0.8%
LITE Lumentum Holdings Inc. 0.71% 607,082 $98.8M Reduce -22.8%
STNE Stoneco Ltd. Class A 0.69% 5,065,011 $95.8M Reduce -18.9%
MOD Modine Manufacturing Co. 0.69% 672,948 $95.7M Add +3.6%
NTRA Natera Inc. 0.68% 586,168 $94.4M Reduce -40.5%
PI Impinj Inc. 0.67% 514,500 $93.0M New
SEPN Septerna Inc. 0.66% 4,919,896 $92.5M Add +5.1%
BE Bloom Energy Corp. Class A 0.66% 1,087,724 $92.0M New
SCCO Southern Copper Corp. 0.65% 747,731 $90.7M Reduce -11.0%
VALE Vale SA-SP ADR 0.64% 8,186,514 $88.9M Add +97.5%
BBIO Bridgebio Pharma Inc. 0.62% 1,662,069 $86.3M Reduce -1.7%
APGE Apogee Therapeutics Inc. 0.61% 2,158,502 $85.8M Reduce -6.6%
KTOS Kratos Defense & Security 0.60% 911,297 $83.3M Reduce -51.5%
TMDX Transmedics Group Inc. 0.59% 738,158 $82.8M Reduce -13.6%
LOPE Grand Canyon Education Inc. 0.59% 377,134 $82.8M Add +16.1%
HCI Hci Group Inc. 0.59% 430,783 $82.7M Reduce -8.3%
RSI Rush Street Interactive Inc. 0.59% 4,033,625 $82.6M Add +82.5%
XMTR Xometry Inc. Class A 0.58% 1,497,085 $81.5M Add +105.4%
RKLB Rocket Lab Corp. 0.58% 1,678,106 $80.4M Reduce -5.0%
CLS Celestica Inc. 0.56% 318,472 $78.5M Reduce -32.5%
BOOT Boot Barn Holdings Inc. 0.56% 473,343 $78.4M Add +20.0%
PAAS Pan American Silver Corp. 0.56% 2,024,855 $78.4M Add +20.0%
CPA Copa Holdings SA Class A 0.56% 654,390 $77.8M Add +753.0%
ITUB Itau Unibanco H-Spon PRF ADR 0.56% 10,590,674 $77.7M Reduce -10.1%
TCOM Trip.com Group Ltd.-ADR 0.55% 1,021,881 $76.8M Add +87.2%
OLLI Ollie's Bargain Outlet Holdi 0.55% 597,777 $76.8M Reduce -2.2%
PTGX Protagonist Therapeutics Inc. 0.54% 1,139,854 $75.7M Add +50.4%
PAY Paymentus Holdings Inc. Class A 0.54% 2,469,073 $75.6M Reduce -2.9%
SRRK Scholar Rock Holding Corp. 0.54% 2,023,959 $75.4M Add +71.9%
EOSE Eos Energy Enterprises Inc. 0.54% 6,565,509 $74.8M Reduce -6.8%
ARWR Arrowhead Pharmaceuticals Inc. 0.52% 2,099,398 $72.4M New
AMSC American Superconductor Corp. 0.52% 1,218,944 $72.4M Add +45.1%
MELI MercadoLibre Inc. 0.51% 30,258 $70.7M Reduce -44.5%
CORZ Core Scientific Inc. 0.51% 3,935,066 $70.6M Reduce -31.6%
TME Tencent Music Entertainm-ADR 0.50% 2,984,661 $69.7M Reduce -13.4%
PTCT PTC Therapeutics Inc. 0.50% 1,131,749 $69.5M Add +6.9%
CRS Carpenter Technology 0.48% 273,946 $67.3M Reduce -40.0%
WFRD Weatherford International PL 0.47% 964,181 $66.0M Add +85.6%
EYE National Vision Holdings Inc. 0.47% 2,256,000 $65.9M Add +128.3%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.46% 4,016,759 $64.3M Add +27.9%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 0.46% 412,303 $63.7M Add +25.1%
FTI Technipfmc PLC 0.45% 1,577,454 $62.2M Reduce -3.4%
SRAD Sportradar Group AG-A 0.44% 2,280,929 $61.4M Reduce -25.0%
TARS Tarsus Pharmaceuticals Inc. 0.44% 1,031,041 $61.3M Add +17.6%
DAVE Dave Inc. 0.44% 307,038 $61.2M Add +60.0%
QBTS D-Wave Quantum Inc. 0.43% 2,443,818 $60.4M Add +102.0%
LRN Stride Inc. 0.41% 388,326 $57.8M Reduce -21.9%
FLS Flowserve Corp. 0.40% 1,062,377 $56.5M Reduce -6.5%
IBP Installed Building Products 0.40% 228,621 $56.4M New
AEM Agnico Eagle Mines Ltd. 0.40% 333,700 $56.2M Add +8681.6%
EMBJ Embraer SA-Spon ADR 0.40% 928,957 $56.2M Add +18.1%
VSEC Vse Corp. 0.40% 337,693 $56.1M Reduce -13.5%
MP MP Materials Corp. 0.40% 829,122 $55.6M New
ECG Everus Construction Group 0.40% 647,847 $55.6M New
HAPN Happen Inc. filed as LENDINGCLUB CORP 0.40% 3,648,498 $55.4M Reduce -8.4%
MDGL Madrigal Pharmaceuticals Inc. 0.38% 115,974 $53.2M New
KYMR Kymera Therapeutics Inc. 0.38% 939,094 $53.2M Add +0.6%
FSS Federal Signal Corp. 0.38% 444,585 $52.9M Add +0.3%
VC Visteon Corp. 0.37% 429,512 $51.5M New
SPXC SPX Technologies Inc. 0.37% 275,376 $51.4M Add +87.1%
PWR Quanta Services Inc. 0.36% 122,297 $50.7M Reduce -9.1%
ASTS Ast Spacemobile Inc. 0.36% 1,025,758 $50.3M Add +196.9%
ESE Esco Technologies Inc. 0.35% 234,292 $49.5M Reduce -17.6%
JBTM JBT Marel Corp. 0.35% 343,750 $48.3M Reduce -0.3%
HOOD Robinhood Markets Inc. Class A 0.34% 336,042 $48.1M Reduce -33.1%
COHR Coherent Corp. 0.34% 438,852 $47.3M Reduce -49.6%
MTSI Macom Technology Solutions H 0.33% 374,890 $46.7M Add +7.5%
GRAB Grab Holdings Ltd. Class A 0.33% 7,700,582 $46.4M Add +1910.0%
LTH Life Time Group Holdings Inc. 0.33% 1,675,467 $46.2M Reduce -40.2%
MIR Mirion Technologies Inc. 0.33% 1,987,869 $46.2M Reduce -1.0%
WVE Wave Life Sciences Ltd. 0.33% 6,298,060 $46.1M Reduce -3.6%
ADPT Adaptive Biotechnologies 0.32% 3,019,940 $45.2M Add +24.6%
PRCH Porch Group Inc. 0.32% 2,678,509 $44.9M Reduce -16.0%
THO Thor Industries Inc. 0.32% 430,044 $44.6M New
WGS Genedx Holdings Corp. 0.32% 410,030 $44.2M Add +35.1%
HUT Hut 8 Corp. 0.32% 1,267,787 $44.1M New
CORT Corcept Therapeutics Inc. 0.31% 526,602 $43.8M Add +9.4%
MYRG MYR Group Inc./Delaware 0.31% 208,874 $43.5M Add +236.1%
SNEX Stonex Group Inc. 0.31% 423,758 $42.8M Add +232.6%
ARLO Arlo Technologies Inc. 0.30% 2,485,483 $42.1M Add +24.4%
RBRK Rubrik Inc. Class A 0.30% 510,935 $42.0M Add +17.0%
DY Dycom Industries Inc. 0.30% 143,704 $41.9M Add +132.8%
FIX Comfort Systems USA Inc. 0.30% 50,594 $41.7M Reduce -6.9%
ODD Oddity Tech Ltd. Class A 0.30% 663,610 $41.3M Add +22.2%
GPOR Gulfport Energy Corp. 0.30% 228,174 $41.3M Reduce -51.8%
TTWO Take-Two Interactive Softwre 0.30% 159,782 $41.3M Reduce -8.0%
BWXT BWX Technologies Inc. 0.30% 223,728 $41.2M Reduce -9.1%
OUST Ouster Inc. 0.30% 1,523,469 $41.2M New
TPB Turning Point Brands Inc. 0.29% 405,044 $40.0M Add +68.3%
PLNT Planet Fitness Inc. Class A 0.29% 384,237 $39.9M Reduce -31.3%
SITE Siteone Landscape Supply Inc. 0.29% 308,956 $39.8M New
USAR USA Rare Earth Inc. 0.28% 2,305,217 $39.6M New
GTES Gates Industrial Corp. UK Ltd. 0.28% 1,583,675 $39.3M Add +0.1%
LIVN Livanova PLC 0.28% 743,442 $38.9M New
BROS Dutch Bros Inc. Class A 0.28% 743,789 $38.9M Reduce -49.0%
CCB Coastal Financial Corp. 0.28% 356,488 $38.6M Add +65.3%
SEI Solaris Energy Infrastructur 0.28% 961,547 $38.4M Reduce -57.2%
IRTC Irhythm Holdings Inc. 0.27% 218,423 $37.6M Add +35.1%
IAG Iamgold Corp. 0.27% 2,888,177 $37.3M Add +29.3%
WYFI Whitefiber Inc. 0.27% 1,366,227 $37.1M New
MIND MEDICINE MINDMED INC 0.26% 3,109,911 $36.7M Add +0.6%
OSIS Osi Systems Inc. 0.26% 147,054 $36.7M Add +43.2%
CAE Cae Inc. 0.26% 1,232,400 $36.5M Add +96.0%
EWTX Edgewise Therapeutics Inc. 0.26% 2,228,285 $36.1M Add +6.0%
ASND Ascendis Pharma A/S 0.26% 179,168 $35.6M Reduce -8.2%
AGX Argan Inc. 0.25% 130,906 $35.4M Reduce -18.6%
SYRE Spyre Therapeutics Inc. 0.25% 2,060,375 $34.5M Reduce -1.2%
NXE Nexgen Energy Ltd. 0.25% 3,844,119 $34.4M Add +14.4%
NXT Nextpower Inc. filed as NEXTRACKER INC 0.24% 458,631 $33.9M Reduce -0.4%
RBC RBC Bearings Inc. 0.24% 86,325 $33.7M Add +34.2%
TNL Travel + Leisure Co. 0.24% 556,866 $33.1M New
MGNI Magnite Inc. 0.24% 1,516,296 $33.0M Reduce -45.5%
SMR Nuscale Power Corp. 0.24% 915,975 $33.0M Add +139.9%
AMLX Amylyx Pharmaceuticals Inc. 0.24% 2,420,767 $32.9M Add +91.4%
REAL The Realreal Inc. filed as THE REALREAL INC 0.24% 3,094,432 $32.9M Add +85.4%
AMPX Amprius Technologies Inc. 0.23% 3,090,669 $32.5M New
KRRO Korro Bio Inc. 0.23% 671,981 $32.2M Add +15.7%
GENI Genius Sports Ltd. 0.23% 2,592,088 $32.1M Add +1.0%
APLD Applied Digital Corp. 0.23% 1,397,421 $32.1M Add +33.4%
SMTC Semtech Corp. 0.23% 447,036 $31.9M New
IESC Ies Holdings Inc. filed as IES HLDGS INC 0.23% 80,072 $31.8M New
VRNS Varonis Systems Inc. 0.23% 551,702 $31.7M New
AMBA Ambarella Inc. 0.23% 381,131 $31.5M New
SIMO Silicon Motion Technol-ADR 0.22% 330,908 $31.4M Add +277.5%
SKWD Skyward Specialty Insurance 0.22% 656,743 $31.2M Reduce -52.5%
HBM Hudbay Minerals Inc. 0.22% 2,053,547 $31.1M New
GIL Gildan Activewear Inc. 0.22% 538,100 $31.1M Add +34.4%
CELH Celsius Holdings Inc. 0.22% 524,411 $30.1M Reduce -8.4%
PODD Insulet Corp. 0.22% 97,490 $30.1M Reduce -18.4%
QFIN Qfin Holdings Inc.-ADR 0.21% 1,041,340 $30.0M New
EVLV Evolv Technologies Holdings 0.21% 3,842,967 $29.0M New
LGND Ligand Pharmaceuticals 0.21% 162,801 $28.8M Add +1.0%
TKO Tko Group Holdings Inc. 0.20% 141,731 $28.6M Reduce -8.0%
TPR Tapestry Inc. 0.20% 252,106 $28.5M Add +55.6%
PIPR Piper Sandler Cos 0.20% 81,524 $28.3M New
ALNY Alnylam Pharmaceuticals Inc. 0.20% 61,379 $28.0M Reduce -23.0%
CUBI Customers Bancorp Inc. 0.20% 426,274 $27.9M New
WWW Wolverine World Wide Inc. 0.20% 995,955 $27.3M Add +19.9%
SE Sea Ltd.-ADR 0.20% 152,902 $27.3M Reduce -61.9%
TDY Teledyne Technologies Inc. 0.19% 46,427 $27.2M Add +93.7%
AXSM Axsome Therapeutics Inc. 0.19% 223,408 $27.1M Add +0.1%
GWRE Guidewire Software Inc. 0.19% 117,936 $27.1M Reduce -8.3%
MBX MBX Biosciences Inc. 0.19% 1,539,639 $26.9M Reduce -2.0%
ELF Elf Beauty Inc. 0.19% 201,528 $26.7M Add +17.7%
BKSY Blacksky Technology Inc. 0.19% 1,320,663 $26.6M Add +49.2%
COCO The Vita Coco Co. Inc. 0.19% 626,545 $26.6M Reduce -24.3%
CECO Ceco Environmental Corp. 0.19% 518,516 $26.5M Reduce -15.0%
PRAX Praxis Precision Medicines I 0.19% 500,551 $26.5M Reduce -5.7%
IE Ivanhoe Electric Inc. / US 0.19% 2,107,408 $26.4M New
MTH Meritage Homes Corp. 0.19% 362,265 $26.2M New
FIVE Five Below 0.19% 168,265 $26.0M Add +17.3%
POWL Powell Industries Inc. 0.19% 85,333 $26.0M New
GGAL Grupo Financiero Galicia-ADR 0.19% 940,420 $25.9M Reduce -14.1%
CHEF The Chefs' Warehouse Inc. 0.18% 438,734 $25.6M Add +18.0%
VITL Vital Farms Inc. 0.18% 619,424 $25.5M Add +70.6%
KNSA Kiniksa Pharmaceuticals Inte 0.18% 654,585 $25.4M Add +1.0%
IMAX Imax Corp. 0.18% 763,464 $25.0M Add +1.2%
ALKS Alkermes PLC 0.18% 827,473 $24.8M Add +0.1%
GPCR Structure Therapeutics Inc. 0.18% 873,504 $24.5M Add +29.8%
CAMT Camtek Ltd. 0.17% 230,480 $24.2M New
PPTA Perpetua Resources Corp. 0.17% 1,184,352 $24.0M Add +38.9%
TDUP Thredup Inc. Class A 0.17% 2,502,219 $23.6M Add +82.2%
AFRM Affirm Holdings Inc. 0.17% 315,193 $23.0M Reduce -38.9%
INOD Innodata Inc. 0.16% 294,053 $22.7M Reduce -42.6%
WIX Wix.com Ltd. 0.16% 127,380 $22.6M Add +19.4%
REVG Rev Group Inc. 0.16% 399,035 $22.6M Add +1.0%
REZI Resideo Technologies Inc. 0.16% 516,932 $22.3M New
XERS Xeris Biopharma Holdings Inc. 0.15% 2,619,129 $21.3M Add +26.5%
BBNX Beta Bionics Inc. 0.15% 1,058,975 $21.0M Reduce -8.7%
MTZ Mastec Inc. 0.15% 97,863 $20.8M New
CDTX Cidara Therapeutics Inc. 0.15% 216,219 $20.7M Reduce -2.8%
UUUU Energy Fuels Inc. 0.15% 1,348,109 $20.7M New
ARQT Arcutis Biotherapeutics Inc. 0.15% 1,097,004 $20.7M Add +1.0%
ATEC Alphatec Holdings Inc. 0.15% 1,409,613 $20.5M Reduce -3.0%
ALM Almonty Industries Inc. 0.15% 3,386,117 $20.4M New
AGYS Agilysys Inc. 0.15% 193,760 $20.4M Add +1.0%
LAUR Laureate Education Inc. 0.15% 646,474 $20.4M Add +1.4%
AWI Armstrong World Industries 0.15% 103,759 $20.3M New
ULS Ul Solutions Inc. Class A 0.14% 280,052 $19.8M Reduce -8.1%
CDE Coeur Mining Inc. 0.14% 1,012,411 $19.0M New
NUVL Nuvalent Inc. Class A 0.13% 216,556 $18.7M Add +0.1%
JBL Jabil Inc. 0.13% 85,326 $18.5M New
CASY Casey's General Stores Inc. 0.13% 32,559 $18.4M Add +30.3%
CACI Caci International Inc. Class A 0.13% 36,845 $18.4M Add +16.4%
BLBD Blue Bird Corp. 0.13% 317,697 $18.3M Add +36.3%
CIFR Cipher Digital Inc. 0.13% 1,443,311 $18.2M New
RARE Ultragenyx Pharmaceutical Inc. 0.13% 603,397 $18.2M Reduce -0.5%
OPLN Openlane Inc. 0.13% 608,495 $17.5M Add +37.8%
BLD Topbuild Corp. 0.13% 44,782 $17.5M New
UAMY United States Antimony Corp. 0.13% 2,822,038 $17.5M New
SN Sharkninja Inc. 0.12% 168,645 $17.4M Add +26.8%
WMS Advanced Drainage Systems Inc. 0.12% 124,862 $17.3M New
GNRC Generac Holdings Inc. 0.12% 102,258 $17.1M New
MRCY Mercury Systems Inc. 0.12% 221,012 $17.1M Add +1.2%
TVTX Travere Therapeutics Inc. 0.12% 707,460 $16.9M New
RCAT Red Cat Holdings Inc. 0.12% 1,626,230 $16.8M New
MRUS Merus NV 0.12% 177,508 $16.7M Reduce -87.0%
SWIM Latham Group Inc. 0.12% 2,117,550 $16.1M Add +45.6%
TOL Toll Brothers Inc. 0.11% 114,105 $15.8M New
DXPE DXP Enterprises Inc. 0.11% 130,790 $15.6M New
QXO Qxo Inc. 0.11% 797,257 $15.2M Reduce -8.3%
ARX Accelerant Holdings Class A 0.11% 1,011,940 $15.1M New
NBIX Neurocrine Biosciences Inc. 0.11% 104,962 $14.7M New
PSMT Pricesmart Inc. 0.11% 121,261 $14.7M New
APPF Appfolio Inc. Class A 0.11% 53,256 $14.7M New
AS Amer Sports Inc. 0.10% 413,821 $14.4M Add +29.3%
INSM Insmed Inc. 0.10% 99,301 $14.3M Reduce -8.1%
SGI Somnigroup International Inc. 0.10% 168,364 $14.2M New
AZZ Azz Inc. 0.10% 129,570 $14.1M Add +1.0%
ARGX Argenx SE - ADR 0.10% 19,034 $14.0M Reduce -8.2%
ORA Ormat Technologies Inc. 0.10% 145,146 $14.0M Reduce -8.3%
CNM Core & Main Inc. Class A 0.10% 259,242 $14.0M Reduce -49.5%
GRDN Guardian Phrmcy Services-A 0.10% 523,935 $13.7M Add +29.6%
ASPI Asp Isotopes Inc. 0.10% 1,419,837 $13.7M Add +1.0%
APEI American Public Education 0.10% 344,711 $13.6M New
TATT Tat Technologies Ltd. 0.10% 307,812 $13.6M Add +10.6%
MOS The Mosaic Co. 0.10% 390,477 $13.5M Reduce -80.0%
PSIX Power Solutions Internationa 0.09% 134,502 $13.2M New
EXEL Exelixis Inc. 0.09% 317,081 $13.1M Reduce -25.2%
ONTO Onto Innovation Inc. 0.09% 100,470 $13.0M New
AR Antero Resources Corp. 0.09% 386,490 $13.0M Reduce -64.7%
TDW Tidewater Inc. 0.09% 240,295 $12.8M Add +78.5%
CHRW C.H. Robinson Worldwide Inc. 0.09% 96,672 $12.8M New
TMC TMC the Metals Co. Inc. 0.09% 2,001,254 $12.7M New
IFS Intercorp Financial Services 0.09% 313,508 $12.6M Reduce -4.8%
NTNX Nutanix Inc. Class A 0.09% 169,364 $12.6M Reduce -82.8%
WT Wisdomtree Inc. 0.09% 906,289 $12.6M New
VIK Viking Holdings Ltd. 0.09% 202,552 $12.6M Reduce -26.9%
CNTA Centessa Pharmaceuticals Ltd. 0.09% 515,979 $12.5M Add +1.0%
W Wayfair Inc. Class A 0.09% 139,714 $12.5M New
EVR Evercore Inc. Class A 0.09% 36,980 $12.5M New
OKLO Oklo Inc. 0.09% 110,298 $12.3M New
WLDN Willdan Group Inc. 0.09% 123,821 $12.0M New
NVT Nvent Electric PLC 0.09% 121,167 $12.0M New
CGNT Cognyte Software Ltd. 0.09% 1,422,784 $12.0M Add +21.8%
ATRO Astronics Corp. 0.09% 260,805 $11.9M New
PGY Pagaya Technologies Ltd. Class A 0.08% 394,475 $11.7M New
LECO Lincoln Electric Holdings 0.08% 49,310 $11.6M New
PEN Penumbra Inc. 0.08% 45,819 $11.6M Reduce -61.4%
SXI Standex International Corp. 0.08% 53,775 $11.4M New
IVVD Invivyd Inc. 0.08% 10,105,078 $11.1M New
JBIO Jade Biosciences Inc. 0.08% 1,255,798 $10.8M No change
AORT Artivion Inc. 0.08% 255,523 $10.8M New
LIND Lindblad Expeditions Holding 0.08% 842,694 $10.8M Add +33.2%
LCII Lci Industries 0.08% 114,993 $10.7M New
BYRN Byrna Technologies Inc. 0.08% 474,169 $10.5M Reduce -23.3%
ATXS Astria Therapeutics Inc. 0.07% 1,433,769 $10.4M Add +1.0%
SEZL Sezzle Inc. 0.07% 129,267 $10.3M Reduce -29.1%
INDV Indivior Ltd. 0.07% 424,384 $10.2M New
TLN Talen Energy Corp. 0.07% 23,820 $10.1M New
CASH Pathward Financial Inc. 0.07% 133,930 $9.9M Reduce -45.5%
GRPN Groupon Inc. 0.07% 420,681 $9.8M Add +55.0%
MAZE Maze Therapeutics Inc. 0.07% 378,015 $9.8M Add +95.5%
AAOI Applied Optoelectronics Inc. 0.07% 375,296 $9.7M Reduce -60.1%
NPCE Neuropace Inc. 0.07% 939,519 $9.7M Reduce -6.5%
LINC Lincoln Educational Services 0.07% 401,616 $9.4M Add +119.0%
DFH Dream Finders Homes Inc. Class A 0.07% 363,102 $9.4M New
HLIO Helios Technologies Inc. 0.07% 178,417 $9.3M New
HLMN Hillman Solutions Corp. 0.06% 972,945 $8.9M Reduce -6.5%
PTRN Pattern Group Inc. Class A 0.06% 646,940 $8.9M New
OPRA Opera Ltd.-ADR 0.06% 425,091 $8.8M Reduce -36.6%
UCTT Ultra Clean Holdings Inc. 0.06% 321,969 $8.8M New
ABCL Abcellera Biologics Inc. 0.06% 1,726,941 $8.7M Add +245.4%
LTBR Lightbridge Corp. 0.06% 397,962 $8.4M Add +1.3%
BEAG Bold Eagle Acquisition Cor-A 0.06% 805,986 $8.4M Reduce -5.6%
IMNM Immunome Inc. 0.06% 696,551 $8.2M Add +215.2%
DSGN Design Therapeutics Inc. 0.06% 1,076,236 $8.1M No change
JOBY Joby Aviation Inc. 0.06% 499,055 $8.1M New
CELC Celcuity Inc. 0.06% 162,256 $8.0M New
ENVX Enovix Corp. 0.06% 798,431 $8.0M Add +25.5%
CNNE Cannae Holdings Inc. 0.06% 427,158 $7.8M Reduce -28.7%
MIAX Miami International Holdings 0.06% 191,613 $7.7M New
KFII K&F Growth Acquisition Cor-A 0.05% 748,800 $7.7M Reduce -6.5%
ASIC Ategrity Specialty Holdings 0.05% 381,830 $7.5M Add +1.0%
OACC Oaktree Acquisition Corp. I-A 0.05% 712,924 $7.5M Reduce -5.8%
VRDN Viridian Therapeutics Inc. 0.05% 344,084 $7.4M Reduce -8.7%
GFI Gold Fields Ltd.-Spons ADR 0.05% 175,469 $7.4M Add +97.1%
UTI Universal Technical Institut 0.05% 225,233 $7.3M Reduce -73.5%
WSC Willscot Holdings Corp. 0.05% 343,040 $7.2M Reduce -5.9%
ANIP Ani Pharmaceuticals Inc. 0.05% 78,814 $7.2M New
AMRC Ameresco Inc. Class A 0.05% 214,699 $7.2M New
CRML Critical Metals Corp. 0.05% 1,125,784 $7.0M New
PGEN Precigen Inc. 0.05% 2,042,510 $6.7M New
CPS Cooper-Standard Holding 0.05% 180,614 $6.7M New
CRCL Circle Internet Group Inc. 0.05% 50,194 $6.7M Reduce -7.9%
ATAT Atour Lifestyle Holdings-ADR 0.05% 176,832 $6.6M New
JCAP Jefferson Capital Inc. 0.05% 375,872 $6.5M Reduce -6.0%
BRCB Black Rock Coffee Bar Inc. Class A 0.05% 265,303 $6.3M New
LRCX Lam Research Corp. 0.04% 45,663 $6.1M Reduce -92.1%
MMYT Makemytrip Ltd. 0.04% 65,323 $6.1M New
OCUL Ocular Therapeutix Inc. 0.04% 518,754 $6.1M New
ATII Archimedes Tech Spac Partner 0.04% 573,083 $5.9M Reduce -13.7%
MNPR Monopar Therapeutics Inc. 0.04% 64,636 $5.3M New
GXO Gxo Logistics Inc. 0.04% 98,918 $5.2M Reduce -22.5%
GDEN Golden Entertainment Inc. 0.04% 219,125 $5.2M Reduce -19.1%
HVMCU Highview Merger Corp. 0.04% 500,000 $5.1M New
K Kellanova 0.04% 61,659 $5.1M Add +57.4%
INDA iShares MSCI India ETF 0.04% 94,986 $4.9M Add +56.1%
LUCK Lucky Strike Entertainment C 0.03% 459,178 $4.7M Reduce -20.0%
ONC Beone Medicines Ltd.-ADR 0.03% 13,361 $4.6M Reduce -93.3%
PENN Penn Entertainment Inc. 0.03% 228,679 $4.4M Reduce -16.3%
TACO Berto Acquisition Corp. 0.03% 395,129 $4.1M Reduce -8.4%
NVDA Nvidia Corp. 0.03% 21,146 $3.9M Reduce -15.6%
NHIC Newhold Investment Cor III-A 0.03% 369,986 $3.8M Reduce -18.3%
YMM Full Truck Alliance -SPN ADR 0.03% 286,309 $3.7M Reduce -95.2%
WLAC Willow Lane Acquisition Class A 0.03% 319,667 $3.7M New
BLFY Blue Foundry Bancorp 0.03% 400,997 $3.6M Reduce -69.5%
CBIO Crescent Biopharma Inc. 0.03% 302,457 $3.6M No change
GOOGL Alphabet Inc. Class A 0.02% 14,296 $3.5M Add +58.7%
GSHR Gesher Acquisition Corp. II-A 0.02% 317,974 $3.2M Reduce -20.5%
MSFT Microsoft Corp. 0.02% 5,833 $3.0M Reduce -18.1%
VINP Vinci Compass Investments LT 0.02% 278,878 $3.0M Add +5.8%
RNAM Avidity Biosciences Inc. 0.02% 60,577 $2.6M New
SION Sionna Therapeutics Inc. 0.02% 83,850 $2.5M No change
SKYE Skye Bioscience Inc. 0.02% 620,395 $2.4M No change
BLUW Blue Water Acquisition C-A filed as BLUE WTR ACQUISITION CORP. I 0.02% 225,000 $2.2M No change
META Meta Platforms Inc. Class A 0.02% 3,005 $2.2M Add +23.1%
RZLT Rezolute Inc. 0.02% 233,000 $2.2M No change
AAPL Apple Inc. 0.01% 8,210 $2.1M Add +146.0%
DQ Daqo New Energy Corp.-ADR 0.01% 73,970 $2.1M New
GEV GE Vernova Inc. 0.01% 3,379 $2.1M New
JPM JPMorgan Chase & Co. 0.01% 6,559 $2.1M No change
VIST Vista Energy Sab DE CV 0.01% 59,186 $2.0M Add +11.6%
LATAU Galata Acquisition Corp. II 0.01% 200,000 $2.0M New
GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 0.01% 51,576 $2.0M Reduce -4.5%
TARA Protara Therapeutic Inc. 0.01% 444,444 $1.9M New
OVID Ovid Therapeutics Inc. 0.01% 1,400,191 $1.8M No change
ORIC Oric Pharmaceuticals Inc. 0.01% 148,778 $1.8M New
LRMR Larimar Therapeutics Inc. 0.01% 535,464 $1.7M No change
CHT Chunghwa Telecom LT-Spon ADR 0.01% 36,471 $1.6M No change
SO The Southern Co. 0.01% 16,552 $1.6M No change
XRPN Armada Acquisition Class A 0.01% 150,000 $1.6M No change
RLMD Relmada Therapeutics Inc. 0.01% 740,006 $1.5M No change
ALXO Alx Oncology Holdings Inc. 0.01% 795,777 $1.5M New
PEPG Pepgen Inc. 0.01% 315,000 $1.5M New
APP AppLovin Corp. Class A 0.01% 1,925 $1.4M Add +58.6%
PAM Pampa Energia SA-Spon ADR 0.01% 21,253 $1.3M No change
TMCI Treace Medical Concepts Inc. 0.01% 188,915 $1.3M No change
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.01% 15,190 $1.2M New
AMZN Amazon.com Inc. 0.01% 5,484 $1.2M Reduce -16.1%
BND Vanguard Total Bond Market 0.01% 15,573 $1.2M Add +94.7%
BHP BHP Group Ltd.-Spon ADR 0.01% 41,800 $1.2M Add +75.3%
GLD SPDR Gold Shares 0.01% 3,246 $1.2M Add +51.5%
EQT Eqt Corp. 0.01% 20,952 $1.1M Add +35.8%
Z Zillow Group Inc. Class C 0.01% 14,421 $1.1M Add +60.5%
LIN Linde PLC 0.01% 2,305 $1.1M No change
MSI Motorola Solutions Inc. 0.01% 2,394 $1.1M Add +44.6%
XOM Exxon Mobil Corp. 0.01% 9,483 $1.1M Add +29.5%
ANET Arista Networks Inc. 0.01% 7,284 $1.1M Add +85.3%
CAEP Cantor Equity Partners III-A 0.01% 100,000 $1.0M No change
AVGO Broadcom Inc. 0.01% 3,094 $1.0M Reduce -36.6%
BDCIU BTC Development Corp. 0.01% 100,000 $1.0M New
SHOP Shopify Inc. Class A 0.01% 6,679 $993K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.01% 18,566 $958K Add +34.3%
NFLX Netflix Inc. 0.01% 794 $952K No change
PYXS Pyxis Oncology Inc. 0.01% 418,632 $929K New
COIN Coinbase Global Inc. Class A 0.01% 2,723 $919K Add +2.0%
SPOT Spotify Technology SA 0.01% 1,282 $895K Add +0.6%
SLNO Soleno Therapeutics Inc. 0.01% 13,101 $886K Reduce -96.6%
BA The Boeing Co. 0.01% 4,086 $882K Add +22.2%
KO The Coca-Cola Co. 0.01% 12,576 $834K Add +45.6%
UBER Uber Technologies Inc. 0.01% 7,718 $756K Add +30.2%
WMT Walmart Inc. 0.01% 7,315 $754K No change
WELL Welltower Inc. 0.01% 4,081 $727K New
CYBR Cyberark Software Ltd./Israel 0.01% 1,468 $709K Reduce -99.7%
COF Capital One Financial Corp. 0.01% 3,327 $707K Reduce -25.4%
SYK Stryker Corp. 0.01% 1,911 $706K No change
TBBB BBB Foods Inc. Class A 0.01% 25,839 $697K Reduce -78.5%
VLO Valero Energy Corp. 0.00% 4,024 $685K New
BSX Boston Scientific Corp. 0.00% 6,122 $598K New
NGNE Neurogene Inc. 0.00% 32,765 $568K No change
FCNCA First Citizens Bcshs Class A 0.00% 313 $560K No change
ETN Eaton Corp. PLC 0.00% 1,450 $543K New
NET Cloudflare Inc. Class A 0.00% 2,521 $541K Reduce -48.5%
VEEV Veeva Systems Inc. Class A 0.00% 1,789 $533K New
HCMAU HCM III Acquisition Corp. 0.00% 50,000 $516K New
EWY iShares MSCI South Korea ETF 0.00% 6,416 $514K Reduce -83.2%
CEG Constellation Energy 0.00% 1,465 $482K New
NKE Nike Inc. Class B 0.00% 6,648 $464K New
AZN Astrazeneca PLC-Spons ADR 0.00% 6,018 $462K Reduce -49.1%
RDDT Reddit Inc. Class A 0.00% 2,002 $460K New
PLD Prologis Inc. 0.00% 3,459 $396K No change
ROP Roper Technologies Inc. 0.00% 734 $366K No change
LLY Eli Lilly & Co. 0.00% 474 $362K Reduce -71.1%
USFD US Foods Holding Corp. 0.00% 4,710 $361K No change
NOW ServiceNow Inc. 0.00% 388 $357K Reduce -49.0%
PM Philip Morris International 0.00% 2,154 $349K Reduce -61.1%
KSA Ishrs MSCI Saudi Arabia ETF 0.00% 6,641 $269K Add +11.4%
UAE iShares MSCI Uae ETF 0.00% 11,895 $225K Reduce -68.6%
TIP iShares Tips Bond ETF 0.00% 1,839 $205K New
XPRO Expro Group Holdings NV 0.00% 10,295 $122K New
Other holdings (13): bonds, preferreds, convertibles and warrants · $1.3M (not counted above)
SecurityClassShares / PrincipalValueChange
PGYWW Pagaya Technologies Ltd. -27 *W EXP 99/99/999 480,716$240KNo change
TACOW Berto Acquisition Corp. - 30 *W EXP 05/01/203 226,724$159KNo change
OACCW Oaktree Acquisition III -31 *W EXP 09/01/203 180,000$157KNo change
KFIIR K&F Growth Acquisition Corp. RIGHT 08/29/2031 1,200,000$156KNo change
ATIIW Archimedes Tech-30 *W EXP 10/15/202 400,000$140KNo change
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 249,999$100KNo change
NHICW Newhold Investment Corp. - 30 *W EXP 01/30/203 249,999$90KNo change
XRPNW Armada Acquisition Corp - A *W EXP 05/21/203 74,999$71KNo change
GSHRW Gesher Acquisition Corp. I-30 *W EXP 10/31/203 199,999$64KNo change
BAERW Wildfire New Pubco Inc.-27 *W EXP 01/24/202 620,220$50KNo change
RVMDW Revolution Medicines Inc.-28 *W EXP 12/17/202 135,000$41KNo change
BLUWW Blue Water Acquisition-CW26 *W EXP 05/23/203 112,500$16KNo change
ISPOW Inspirato -CW30 *W EXP 02/11/202 167,540$2KNo change

Total filed on the 13F, all lines: $14.0B.

Portfolio Sells Q2 2025 → Q3 2025

CYBR Cyberark Software Ltd./Israel Reduce -99.7% 0.01% −1.48
AXON Axon Enterprise Inc. Reduce -29.1% 0.85% −0.69
UPST Upstart Holdings Inc. Sold out 0.00% −0.66
NTRA Natera Inc. Reduce -40.5% 0.68% −0.66
MELI MercadoLibre Inc. Reduce -44.5% 0.51% −0.63
PLMR Palomar Holdings Inc. Sold out 0.00% −0.59
DRS Leonardo DRS Inc. Sold out 0.00% −0.58
ARM Arm Holdings PLC-ADR Sold out 0.00% −0.57
YMM Full Truck Alliance -SPN ADR Reduce -95.2% 0.03% −0.54
CCJ Cameco Corp. Reduce -34.4% 1.05% −0.53
CRS Carpenter Technology Reduce -40.0% 0.48% −0.53
BROS Dutch Bros Inc. Class A Reduce -49.0% 0.28% −0.52
NTNX Nutanix Inc. Class A Reduce -82.8% 0.09% −0.51
MNDY Monday.com Ltd. Sold out 0.00% −0.51
SFM Sprouts Farmers Market Inc. Sold out 0.00% −0.50
ALKT Alkami Technology Inc. Sold out 0.00% −0.49
MOS The Mosaic Co. Reduce -80.0% 0.10% −0.47
GPOR Gulfport Energy Corp. Reduce -51.8% 0.30% −0.47
LOAR Loar Holdings Inc. Sold out 0.00% −0.46
MRUS Merus NV Reduce -87.0% 0.12% −0.46
IBN Icici Bank Ltd.-Spon ADR Reduce -8.7% 1.16% −0.42
SKWD Skyward Specialty Insurance Reduce -52.5% 0.22% −0.41
GKOS Glaukos Corp. Sold out 0.00% −0.41
AVPT Avepoint Inc. Sold out 0.00% −0.41
LRCX Lam Research Corp. Reduce -92.1% 0.04% −0.40
ACVA Acv Auctions Inc. Class A Sold out 0.00% −0.36
ADMA Adma Biologics Inc. Sold out 0.00% −0.36
KNF Knife River Corp. Sold out 0.00% −0.35
ONC Beone Medicines Ltd.-ADR Reduce -93.3% 0.03% −0.35
LTH Life Time Group Holdings Inc. Reduce -40.2% 0.33% −0.35
TMDX Transmedics Group Inc. Reduce -13.6% 0.59% −0.32
CAVA Cava Group Inc. Sold out 0.00% −0.32
SE Sea Ltd.-ADR Reduce -61.9% 0.20% −0.32
AGI Alamos Gold Inc. Class A Sold out 0.00% −0.32
MGNI Magnite Inc. Reduce -45.5% 0.24% −0.30
EXLS Exlservice Holdings Inc. Sold out 0.00% −0.29
COHR Coherent Corp. Reduce -49.6% 0.34% −0.28
CORZ Core Scientific Inc. Reduce -31.6% 0.51% −0.28
BRBR Bellring Brands Inc. Sold out 0.00% −0.28
TWLO Twilio Inc. Class A Sold out 0.00% −0.27
AR Antero Resources Corp. Reduce -64.7% 0.09% −0.26
VRNA Verona Pharma Ltd. Sold out 0.00% −0.26
GGAL Grupo Financiero Galicia-ADR Reduce -14.1% 0.19% −0.26
CAKE The Cheesecake Factory Inc. Sold out 0.00% −0.25
ESAB Esab Corp. Sold out 0.00% −0.25
SLNO Soleno Therapeutics Inc. Reduce -96.6% 0.01% −0.25
SRAD Sportradar Group AG-A Reduce -25.0% 0.44% −0.24
MRX Marex UK Holdings Ltd. Sold out 0.00% −0.24
BV Brightview Holdings Inc. Sold out 0.00% −0.23
SEI Solaris Energy Infrastructur Reduce -57.2% 0.28% −0.23

Portfolio Buys Q2 2025 → Q3 2025

PL Planet Labs PBC Add +137.1% 1.34% +1.04
PI Impinj Inc. New 0.67% +0.67
BE Bloom Energy Corp. Class A New 0.66% +0.66
WULF Terawulf Inc. Add +168.5% 0.74% +0.62
ARWR Arrowhead Pharmaceuticals Inc. New 0.52% +0.52
CPA Copa Holdings SA Class A Add +753.0% 0.56% +0.49
LEU Centrus Energy Corp. Class A Add +66.2% 0.80% +0.48
CRNX Crinetics Pharmaceuticals Inc. Add +1.3% 1.93% +0.46
IDCC Interdigital Inc. Add +61.0% 0.82% +0.45
IBP Installed Building Products New 0.40% +0.40
AEM Agnico Eagle Mines Ltd. Add +8681.6% 0.40% +0.40
MP MP Materials Corp. New 0.40% +0.40
ECG Everus Construction Group New 0.40% +0.40
SITM Sitime Corp. Add +14.9% 1.24% +0.39
XMTR Xometry Inc. Class A Add +105.4% 0.58% +0.39
MDGL Madrigal Pharmaceuticals Inc. New 0.38% +0.38
VC Visteon Corp. New 0.37% +0.37
RYTM Rhythm Pharmaceuticals Inc. Add +9.0% 1.00% +0.36
RSI Rush Street Interactive Inc. Add +82.5% 0.59% +0.33
THO Thor Industries Inc. New 0.32% +0.32
GRAB Grab Holdings Ltd. Class A Add +1910.0% 0.33% +0.32
HUT Hut 8 Corp. New 0.32% +0.32
VALE Vale SA-SP ADR Add +97.5% 0.64% +0.31
FN Fabrinet Add +30.0% 0.98% +0.30
OUST Ouster Inc. New 0.30% +0.30
TCOM Trip.com Group Ltd.-ADR Add +87.2% 0.55% +0.29
QBTS D-Wave Quantum Inc. Add +102.0% 0.43% +0.29
EYE National Vision Holdings Inc. Add +128.3% 0.47% +0.29
SITE Siteone Landscape Supply Inc. New 0.29% +0.29
USAR USA Rare Earth Inc. New 0.28% +0.28
LIVN Livanova PLC New 0.28% +0.28
AMSC American Superconductor Corp. Add +45.1% 0.52% +0.27
SEPN Septerna Inc. Add +5.1% 0.66% +0.27
WYFI Whitefiber Inc. New 0.27% +0.27
WFRD Weatherford International PL Add +85.6% 0.47% +0.26
FTAI Ftai Aviation Ltd. Add +12.6% 0.78% +0.25
TNL Travel + Leisure Co. New 0.24% +0.24
AMPX Amprius Technologies Inc. New 0.23% +0.23
ASTS Ast Spacemobile Inc. Add +196.9% 0.36% +0.23
SMTC Semtech Corp. New 0.23% +0.23
IESC Ies Holdings Inc. New 0.23% +0.23
VRNS Varonis Systems Inc. New 0.23% +0.23
AMBA Ambarella Inc. New 0.23% +0.23
HBM Hudbay Minerals Inc. New 0.22% +0.22
MYRG MYR Group Inc./Delaware Add +236.1% 0.31% +0.22
QFIN Qfin Holdings Inc.-ADR New 0.21% +0.21
SNEX Stonex Group Inc. Add +232.6% 0.31% +0.21
EVLV Evolv Technologies Holdings New 0.21% +0.21
PTGX Protagonist Therapeutics Inc. Add +50.4% 0.54% +0.21
SRRK Scholar Rock Holding Corp. Add +71.9% 0.54% +0.21

Notes & Other Activity Q2 2025 → Q3 2025

DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 Sold out 450,000 $162Kbefore exit

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