Next Century Growth Investors LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Next Century Growth Investors LLC reported 130 stock positions worth $1.3 billion. Its top holding was Paymentus Class A (PAY) at 3.2% of the portfolio, followed by Par Technology (PAR, 2.8%) and Grid Dynamics (GDYN, 2.7%). Compared with Q3 2024, it opened 24 new positions, sold out of 21, added to 62 and reduced 43. The biggest buy was a new position in Paycor HCM (PYCR) and the biggest sale an exit from Transmedics (TMDX).
- Most Recent 13F
- Q2 2026
- Location
- PLYMOUTH, MN
- CIK
- 0001134007
- Portfolio Value
- $1.3B (Q4 2024)
- SEC Filing
- 0001134007-25-000002 ↗ filed Feb 13, 2025
Holdings Value
Holdings 130 stocks · $1.3B
| PAY Paymentus Holdings Inc. Class A | 3.15% | 1,287,824 | $42.1M | Reduce -3.9% |
| PAR Par Technology Corp. | 2.82% | 518,554 | $37.7M | Add +15.7% |
| GDYN Grid Dynamics Holdings Inc. | 2.70% | 1,622,226 | $36.1M | Add +78.1% |
| VCEL Vericel Corp. | 2.16% | 525,816 | $28.9M | Add +0.4% |
| ACVA Acv Auctions Inc. Class A | 2.14% | 1,320,228 | $28.5M | Add +0.4% |
| SAIA Saia Inc. | 1.97% | 57,772 | $26.3M | Add +15.0% |
| UTI Universal Technical Institut | 1.91% | 991,752 | $25.5M | Add +16.5% |
| ATRO Astronics Corp. | 1.84% | 1,537,925 | $24.5M | Reduce -32.8% |
| PYCR Paycor HCM Inc. | 1.81% | 1,298,113 | $24.1M | New |
| WGS Genedx Holdings Corp. | 1.80% | 312,014 | $24.0M | Add +121.1% |
| PRCT Procept Biorobotics Corp. | 1.73% | 286,937 | $23.1M | Add +4.3% |
| VCYT Veracyte Inc. | 1.71% | 577,684 | $22.9M | Add +0.3% |
| MYRG MYR Group Inc./Delaware | 1.69% | 151,610 | $22.6M | Add +513.8% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 1.57% | 208,668 | $21.0M | Reduce -40.9% |
| RBC RBC Bearings Inc. | 1.47% | 65,589 | $19.6M | Add +7.0% |
| GLBE Global-E Online Ltd. | 1.46% | 358,075 | $19.5M | Add +44.5% |
| AGYS Agilysys Inc. | 1.45% | 146,445 | $19.3M | Add +0.3% |
| QNST Quinstreet Inc. | 1.42% | 819,630 | $18.9M | Add +7.8% |
| MTSI Macom Technology Solutions H | 1.41% | 144,367 | $18.8M | Add +0.9% |
| AAPL Apple Inc. | 1.39% | 74,141 | $18.6M | Add +18.8% |
| EXLS Exlservice Holdings Inc. | 1.39% | 416,567 | $18.5M | Add +0.9% |
| STRL Sterling Infrastructure Inc. | 1.37% | 108,472 | $18.3M | Add +45.1% |
| OLLI Ollie's Bargain Outlet Holdi | 1.33% | 162,136 | $17.8M | Add +27.6% |
| AAON Aaon Inc. | 1.32% | 149,467 | $17.6M | Add +26.6% |
| MSFT Microsoft Corp. | 1.31% | 41,404 | $17.5M | Add +3.9% |
| VERX Vertex Inc. Class A | 1.31% | 326,997 | $17.4M | Reduce -35.1% |
| NVDA Nvidia Corp. | 1.28% | 126,756 | $17.0M | Reduce -3.2% |
| CWK Cushman & Wakefield UK Holdc | 1.24% | 1,267,607 | $16.6M | New |
| FTAI Ftai Aviation Ltd. | 1.21% | 112,009 | $16.1M | Reduce -35.6% |
| INOD Innodata Inc. | 1.19% | 403,289 | $15.9M | Reduce -54.9% |
| COHR Coherent Corp. | 1.19% | 167,867 | $15.9M | Add +0.5% |
| ALKT Alkami Technology Inc. | 1.16% | 421,623 | $15.5M | Reduce -0.4% |
| KNSL Kinsale Capital Group Inc. | 1.15% | 32,974 | $15.3M | Reduce -35.4% |
| AORT Artivion Inc. | 1.06% | 492,653 | $14.1M | Add +29.7% |
| BROS Dutch Bros Inc. Class A | 1.05% | 267,309 | $14.0M | Add +61.3% |
| LSCC Lattice Semiconductor Corp. | 1.04% | 244,017 | $13.8M | Add +37.5% |
| FLYW Flywire Corp.-Voting | 1.03% | 664,779 | $13.7M | Reduce -44.9% |
| FRPT Freshpet Inc. | 1.03% | 92,435 | $13.7M | Add +0.9% |
| LMB Limbach Holdings Inc. | 1.00% | 156,350 | $13.4M | New |
| NTRA Natera Inc. | 1.00% | 84,362 | $13.4M | Reduce -39.4% |
| HXL Hexcel Corp. | 0.95% | 203,096 | $12.7M | Reduce -26.9% |
| AMZN Amazon.com Inc. | 0.95% | 57,658 | $12.6M | Add +14.5% |
| WAL Western Alliance Bancorp | 0.94% | 150,029 | $12.5M | Add +116.9% |
| WAY Waystar Holding Corp. | 0.90% | 326,592 | $12.0M | Add +202.6% |
| ALHC Alignment Healthcare Inc. | 0.86% | 1,018,045 | $11.5M | New |
| PEGA Pegasystems Inc. | 0.81% | 116,439 | $10.9M | New |
| LINC Lincoln Educational Services | 0.79% | 664,148 | $10.5M | Add +17.9% |
| CRS Carpenter Technology | 0.78% | 61,458 | $10.4M | New |
| AVPT Avepoint Inc. | 0.75% | 608,340 | $10.0M | New |
| SMWB Similarweb Ltd. | 0.74% | 699,128 | $9.9M | Add +146.8% |
| GOOGL Alphabet Inc. Class A | 0.74% | 51,939 | $9.8M | Reduce -0.7% |
| XMTR Xometry Inc. Class A | 0.72% | 225,899 | $9.6M | New |
| BY Byline Bancorp Inc. | 0.72% | 330,983 | $9.6M | New |
| PNFP Pinnacle Financial Partners | 0.71% | 82,712 | $9.5M | New |
| KRNT Kornit Digital Ltd. | 0.70% | 303,497 | $9.4M | Add +86.5% |
| LOAR Loar Holdings Inc. | 0.69% | 123,825 | $9.2M | Add +0.9% |
| KNX Knight-Swift Transportation | 0.68% | 170,466 | $9.0M | Add +37.5% |
| ATEC Alphatec Holdings Inc. | 0.68% | 982,093 | $9.0M | Add +2.4% |
| INTA Intapp Inc. | 0.66% | 137,177 | $8.8M | Reduce -0.1% |
| WING Wingstop Inc. | 0.62% | 29,131 | $8.3M | New |
| BLFS Biolife Solutions Inc. | 0.60% | 310,658 | $8.1M | Add +66.7% |
| META Meta Platforms Inc. Class A | 0.59% | 13,424 | $7.9M | Add +0.1% |
| GWRE Guidewire Software Inc. | 0.58% | 45,944 | $7.7M | Reduce -29.6% |
| SEMR Semrush Holdings Inc. Class A | 0.58% | 646,706 | $7.7M | Reduce -0.1% |
| CRDO Credo Technology Group Holdi | 0.57% | 114,066 | $7.7M | Add +0.9% |
| TSLA Tesla Inc. | 0.57% | 18,931 | $7.6M | Add +175.0% |
| GLDD Great Lakes Dredge & Dock Co. | 0.56% | 667,465 | $7.5M | Reduce -0.1% |
| MAMA Mama's Creations Inc. | 0.56% | 945,509 | $7.5M | Reduce -0.1% |
| CYBR Cyberark Software Ltd./Israel | 0.55% | 22,194 | $7.4M | Add +0.9% |
| TNDM Tandem Diabetes Care Inc. | 0.54% | 201,839 | $7.3M | Reduce -79.5% |
| HQY Healthequity Inc. | 0.54% | 75,521 | $7.2M | Reduce -35.3% |
| ONON On Holding AG Class A filed as ON HLDG AG | 0.54% | 132,169 | $7.2M | Reduce -7.5% |
| SARO Standardaero Inc. | 0.51% | 277,482 | $6.9M | New |
| CWAN Clearwater Analytics HDS-A | 0.51% | 246,841 | $6.8M | Add +0.9% |
| MIRM Mirum Pharmaceuticals Inc. | 0.51% | 164,252 | $6.8M | Reduce -0.1% |
| ELF Elf Beauty Inc. | 0.51% | 53,920 | $6.8M | Add +39.0% |
| BLND Blend Labs Inc. Class A | 0.47% | 1,497,871 | $6.3M | Add +0.5% |
| CSTL Castle Biosciences Inc. | 0.47% | 235,214 | $6.3M | Add +0.5% |
| PCTY Paylocity Holding Corp. | 0.45% | 30,239 | $6.0M | New |
| RXST Rxsight Inc. | 0.44% | 170,899 | $5.9M | Reduce -70.3% |
| OS Onestream Inc. | 0.44% | 205,933 | $5.9M | Add +82.1% |
| WEAV Weave Communications Inc. | 0.43% | 358,931 | $5.7M | New |
| GSHD Goosehead Insurance Inc. Class A | 0.43% | 53,016 | $5.7M | Reduce -0.1% |
| BA The Boeing Co. | 0.42% | 32,015 | $5.7M | Add +16.1% |
| SKWD Skyward Specialty Insurance | 0.42% | 111,974 | $5.7M | Add +8.5% |
| BOW Bowhead Specialty Holdings I | 0.42% | 157,977 | $5.6M | Reduce -30.9% |
| NOW ServiceNow Inc. | 0.42% | 5,254 | $5.6M | Add +0.1% |
| ARCB Arcbest Corp. | 0.41% | 59,189 | $5.5M | Reduce -0.1% |
| KRUS Kura Sushi USA Inc. Class A | 0.41% | 60,485 | $5.5M | New |
| CBLL Ceribell Inc. | 0.40% | 204,760 | $5.3M | New |
| COST Costco Wholesale Corp. | 0.39% | 5,710 | $5.2M | Add +0.1% |
| MRTN Marten Transport Ltd. | 0.37% | 315,760 | $4.9M | Reduce -38.6% |
| NEO Neogenomics Inc. | 0.36% | 293,392 | $4.8M | Reduce -0.1% |
| CDNA Caredx Inc. | 0.35% | 219,747 | $4.7M | New |
| MPTI M-Tron Industries Inc. | 0.34% | 94,155 | $4.6M | New |
| GS Goldman Sachs Group Inc. | 0.32% | 7,528 | $4.3M | Reduce -19.6% |
| PWR Quanta Services Inc. | 0.32% | 13,371 | $4.2M | Add +0.0% |
| HROW Harrow Inc. | 0.32% | 125,520 | $4.2M | Reduce -25.0% |
| AMD Advanced Micro Devices | 0.31% | 34,312 | $4.1M | Add +0.0% |
| ORN Orion Group Holdings Inc. | 0.30% | 552,364 | $4.0M | Reduce -8.2% |
Portfolio Sells Q3 2024 → Q4 2024
| TMDX Transmedics Group Inc. | Sold out | 0.00% | −3.35 |
| VRRM Verra Mobility Corp. | Sold out | 0.00% | −3.31 |
| TNDM Tandem Diabetes Care Inc. | Reduce -79.5% | 0.54% | −2.83 |
| RXST Rxsight Inc. | Reduce -70.3% | 0.44% | −1.87 |
| ATRO Astronics Corp. | Reduce -32.8% | 1.84% | −1.77 |
| USAP Universal Stainless & Alloy | Sold out | 0.00% | −1.74 |
| AVAV Aerovironment Inc. | Sold out | 0.00% | −1.02 |
| SIBN Si-Bone Inc. | Reduce -99.8% | 0.00% | −1.00 |
| NSSC Napco Security Technologies | Sold out | 0.00% | −0.99 |
| SDHC Smith Douglas Homes Corp. | Reduce -85.3% | 0.09% | −0.84 |
| KNSL Kinsale Capital Group Inc. | Reduce -35.4% | 1.15% | −0.77 |
| QTWO Q2 Holdings Inc. | Reduce -40.9% | 1.57% | −0.71 |
| FTAI Ftai Aviation Ltd. | Reduce -35.6% | 1.21% | −0.66 |
| FLYW Flywire Corp.-Voting | Reduce -44.9% | 1.03% | −0.57 |
| TCMD Tactile Systems Technology I | Sold out | 0.00% | −0.54 |
| APPF Appfolio Inc. Class A | Sold out | 0.00% | −0.50 |
| SPSC SPS Commerce Inc. | Sold out | 0.00% | −0.49 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.45 |
| HXL Hexcel Corp. | Reduce -26.9% | 0.95% | −0.44 |
| ODFL Old Dominion Freight Line | Sold out | 0.00% | −0.43 |
| NTRA Natera Inc. | Reduce -39.4% | 1.00% | −0.43 |
| KIDS Orthopediatrics Corp. | Sold out | 0.00% | −0.42 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −0.40 |
| GWRE Guidewire Software Inc. | Reduce -29.6% | 0.58% | −0.39 |
| MRTN Marten Transport Ltd. | Reduce -38.6% | 0.37% | −0.37 |
| CAVA Cava Group Inc. | Sold out | 0.00% | −0.34 |
| HROW Harrow Inc. | Reduce -25.0% | 0.32% | −0.29 |
| VERX Vertex Inc. Class A | Reduce -35.1% | 1.31% | −0.27 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.25 |
| SEMR Semrush Holdings Inc. Class A | Reduce -0.1% | 0.58% | −0.25 |
| LNTH Lantheus Holdings Inc. | Sold out | 0.00% | −0.24 |
| HQY Healthequity Inc. | Reduce -35.3% | 0.54% | −0.23 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.23 |
| SYM Symbotic Inc. | Reduce -70.2% | 0.08% | −0.22 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.21 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.21 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.19 |
| BSX Boston Scientific Corp. | Reduce -52.8% | 0.14% | −0.16 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.11 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.11 |
| ARCB Arcbest Corp. | Reduce -0.1% | 0.41% | −0.11 |
| BOW Bowhead Specialty Holdings I | Reduce -30.9% | 0.42% | −0.10 |
| CSGP Costar Group Inc. | Reduce -48.0% | 0.07% | −0.09 |
| PGR Progressive Corp. | Reduce -12.9% | 0.20% | −0.06 |
| GS Goldman Sachs Group Inc. | Reduce -19.6% | 0.32% | −0.05 |
| ONON On Holding AG Class A | Reduce -7.5% | 0.54% | −0.04 |
| PDFS PDF Solutions Inc. | Reduce -0.1% | 0.13% | −0.04 |
| INOD Innodata Inc. | Reduce -54.9% | 1.19% | −0.02 |
| DCBO Docebo Inc. | Reduce -0.1% | 0.21% | −0.01 |
| NVDA Nvidia Corp. | Reduce -3.2% | 1.28% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| PYCR Paycor HCM Inc. | New | 1.81% | +1.81 |
| GDYN Grid Dynamics Holdings Inc. | Add +78.1% | 2.70% | +1.67 |
| MYRG MYR Group Inc./Delaware | Add +513.8% | 1.69% | +1.49 |
| WGS Genedx Holdings Corp. | Add +121.1% | 1.80% | +1.31 |
| CWK Cushman & Wakefield UK Holdc | New | 1.24% | +1.24 |
| LMB Limbach Holdings Inc. | New | 1.00% | +1.00 |
| PAR Par Technology Corp. | Add +15.7% | 2.82% | +0.93 |
| ALHC Alignment Healthcare Inc. | New | 0.86% | +0.86 |
| PEGA Pegasystems Inc. | New | 0.81% | +0.81 |
| UTI Universal Technical Institut | Add +16.5% | 1.91% | +0.79 |
| CRS Carpenter Technology | New | 0.78% | +0.78 |
| AVPT Avepoint Inc. | New | 0.75% | +0.75 |
| XMTR Xometry Inc. Class A | New | 0.72% | +0.72 |
| BY Byline Bancorp Inc. | New | 0.72% | +0.72 |
| PNFP Pinnacle Financial Partners | New | 0.71% | +0.71 |
| GLBE Global-E Online Ltd. | Add +44.5% | 1.46% | +0.69 |
| WAY Waystar Holding Corp. | Add +202.6% | 0.90% | +0.65 |
| WING Wingstop Inc. | New | 0.62% | +0.62 |
| BROS Dutch Bros Inc. Class A | Add +61.3% | 1.05% | +0.62 |
| SMWB Similarweb Ltd. | Add +146.8% | 0.74% | +0.54 |
| SARO Standardaero Inc. | New | 0.51% | +0.51 |
| STRL Sterling Infrastructure Inc. | Add +45.1% | 1.37% | +0.49 |
| WAL Western Alliance Bancorp | Add +116.9% | 0.94% | +0.45 |
| PCTY Paylocity Holding Corp. | New | 0.45% | +0.45 |
| WEAV Weave Communications Inc. | New | 0.43% | +0.43 |
| TSLA Tesla Inc. | Add +175.0% | 0.57% | +0.43 |
| KRUS Kura Sushi USA Inc. Class A | New | 0.41% | +0.41 |
| CBLL Ceribell Inc. | New | 0.40% | +0.40 |
| VCEL Vericel Corp. | Add +0.4% | 2.16% | +0.37 |
| KRNT Kornit Digital Ltd. | Add +86.5% | 0.70% | +0.36 |
| CDNA Caredx Inc. | New | 0.35% | +0.35 |
| MPTI M-Tron Industries Inc. | New | 0.34% | +0.34 |
| OLLI Ollie's Bargain Outlet Holdi | Add +27.6% | 1.33% | +0.33 |
| BWB Bridgewater Bancshares Inc. | New | 0.30% | +0.30 |
| CRDO Credo Technology Group Holdi | Add +0.9% | 0.57% | +0.29 |
| AAON Aaon Inc. | Add +26.6% | 1.32% | +0.29 |
| LSCC Lattice Semiconductor Corp. | Add +37.5% | 1.04% | +0.27 |
| ATEC Alphatec Holdings Inc. | Add +2.4% | 0.68% | +0.24 |
| LINC Lincoln Educational Services | Add +17.9% | 0.79% | +0.24 |
| QNST Quinstreet Inc. | Add +7.8% | 1.42% | +0.24 |
| AORT Artivion Inc. | Add +29.7% | 1.06% | +0.24 |
| BLFS Biolife Solutions Inc. | Add +66.7% | 0.60% | +0.23 |
| AAPL Apple Inc. | Add +18.8% | 1.39% | +0.21 |
| APP AppLovin Corp. Class A | New | 0.21% | +0.21 |
| SAIA Saia Inc. | Add +15.0% | 1.97% | +0.19 |
| AMZN Amazon.com Inc. | Add +14.5% | 0.95% | +0.19 |
| ELF Elf Beauty Inc. | Add +39.0% | 0.51% | +0.16 |
| AGYS Agilysys Inc. | Add +0.3% | 1.45% | +0.16 |
| TYL Tyler Technologies Inc. | New | 0.15% | +0.15 |
| KNX Knight-Swift Transportation | Add +37.5% | 0.68% | +0.14 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 113 | $1.9B | XMTR, LGND, ALHC, ATRO, LINC |
| Q1 2026 | 112 | $1.4B | ATRO, LINC, ALHC, AORT, MYRG |
| Q4 2025 | 120 | $1.4B | ATRO, ATEC, XMTR, AORT, ALHC |
| Q3 2025 | 123 | $1.4B | ATRO, AORT, XMTR, ALHC, UTI |
| Q2 2025 | 122 | $1.3B | ATRO, PAY, STRL, IRTC, UTI |
| Q1 2025 | 122 | $1.1B | WGS, PAY, ALHC, ATRO, PAR |
| Q4 2024 | 130 | $1.3B | PAY, PAR, GDYN, VCEL, ACVA |
| Q3 2024 | 127 | $1.2B | ATRO, TNDM, TMDX, VRRM, RXST |
| Q2 2024 | 122 | $1.2B | TMDX, ATRO, VRRM, NSSC, TNDM |
| Q1 2024 | 120 | $1.2B | ATRO, VERX, VRRM, TMDX, LGIH |