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DCM

Driehaus Capital Management Portfolio holdings

AUM $13.6B
1-Year Est. Return 173.98%
This Fund
S&P 500
This Quarter Est. Return
+33.02%
1 Year Est. Return
+173.98%
3 Year Est. Return
+706.72%
5 Year Est. Return
+1,585.86%
10 Year Est. Return
+31,592.09%
AUM
$14B
AUM Growth
+$1.46B
Cap. Flow
-$850M
Cap. Flow %
-6.09%
Top 10 Hldgs %
15.61%
Holding
531
New
115
Increased
142
Reduced
137
Closed
100

Top Buys

Rank Stock Value
1
PI icon
Impinj
PI
+$81.1M
2
CPA icon
Copa Holdings
CPA
+$66.1M
3
PL icon
Planet Labs
PL
+$64.1M
4
IBP icon
Installed Building Products
IBP
+$54.3M
5
MP icon
MP Materials
MP
+$52.2M

Top Sells

Rank Stock Value
1
CYBR
CyberArk
CYBR
+$195M
2
ALAB icon
Astera Labs
ALAB
+$85.7M
3
UPST icon
Upstart Holdings
UPST
+$82.3M
4
MRUS
Merus
MRUS
+$77.4M
5
TSM icon
TSMC
TSM
+$77.3M

Sector Composition

Rank Sector Weight
1 Industrials 23.47%
2 Technology 21.96%
3 Healthcare 19.79%
4 Consumer Discretionary 9.5%
5 Financials 9.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AVAV icon
26
AeroVironment
AVAV
$7.91B
$105M 0.75%
334,244
+40,384
+14% +$10.4M
WULF icon
27
TeraWulf
WULF
$8.47B
$103M 0.74%
9,006,964
+5,652,461
+169% +$43.2M
CR icon
28
Crane Co
CR
$13.1B
$99.1M 0.71%
538,345
-4,398
-0.8% -$830K
LITE icon
29
Lumentum
LITE
$50.7B
$98.8M 0.71%
607,082
-179,156
-23% -$22.3M
STNE icon
30
StoneCo
STNE
$2.71B
$95.8M 0.69%
5,065,011
-1,178,141
-19% -$18.7M
MOD icon
31
Modine Manufacturing
MOD
$11B
$95.7M 0.69%
672,948
+23,154
+4% +$2.95M
NTRA icon
32
Natera
NTRA
$36.1B
$94.4M 0.68%
586,168
-398,937
-40% -$63.1M
PI icon
33
Impinj
PI
$4.05B
$93M 0.67%
+514,500
New +$81.1M
SEPN
34
Septerna Inc
SEPN
$1.53B
$92.5M 0.66%
4,919,896
+239,465
+5% +$3.14M
BE icon
35
Bloom Energy
BE
$47.5B
$92M 0.66%
+1,087,724
New +$50.5M
SCCO icon
36
Southern Copper
SCCO
$140B
$90.7M 0.65%
768,101
-103,305
-12% -$10.1M
VALE icon
37
Vale
VALE
$62.6B
$88.9M 0.64%
8,186,514
+4,041,775
+98% +$41.3M
BBIO icon
38
BridgeBio Pharma
BBIO
$16.8B
$86.3M 0.62%
1,662,069
-29,144
-2% -$1.42M
APGE icon
39
Apogee Therapeutics
APGE
$10.1B
$85.8M 0.61%
2,158,502
-152,253
-7% -$5.81M
KTOS icon
40
Kratos Defense & Security Solutions
KTOS
$9.12B
$83.3M 0.6%
911,297
-965,607
-51% -$61.8M
TMDX icon
41
Transmedics
TMDX
$2.64B
$82.8M 0.59%
738,158
-115,881
-14% -$13.6M
LOPE icon
42
Grand Canyon Education
LOPE
$3.99B
$82.8M 0.59%
377,134
+52,206
+16% +$10M
HCI icon
43
HCI Group
HCI
$2.29B
$82.7M 0.59%
430,783
-39,273
-8% -$6.22M
RSI icon
44
Rush Street Interactive
RSI
$3.16B
$82.6M 0.59%
4,033,625
+1,823,744
+83% +$34.4M
XMTR icon
45
Xometry
XMTR
$4.58B
$81.5M 0.58%
1,497,085
+768,328
+105% +$33.3M
RKLB icon
46
Rocket Lab Corp
RKLB
$39.9B
$80.4M 0.58%
1,678,106
-88,674
-5% -$4.02M
CLS icon
47
Celestica
CLS
$40.3B
$78.5M 0.56%
318,472
-153,161
-32% -$30.9M
BOOT icon
48
Boot Barn
BOOT
$4.81B
$78.4M 0.56%
473,343
+78,970
+20% +$13.6M
PAAS icon
49
Pan American Silver
PAAS
$18.2B
$78.4M 0.56%
2,024,855
+337,732
+20% +$10.9M
CPA icon
50
Copa Holdings
CPA
$5.71B
$77.8M 0.56%
654,390
+577,673
+753% +$66.1M
1
2
3 4 5

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Driehaus Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Driehaus Capital Management held 531 positions worth $14B, up 12% from $12.5B the previous quarter. Its ten largest holdings account for 16% of the portfolio.

Driehaus Capital Management withdrew a net $850M in Q3 2025, closing 100 positions and reducing 137 holdings. Its most notable exit was Upstart Holdings, an estimated $82.3M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 23% of assets, up from 20% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Driehaus Capital Management opened a new position in Impinj worth $93M.

  • Driehaus Capital Management's largest Q3 2025 buy was Impinj: 514,500 shares worth $93M.
  • Driehaus Capital Management added most to Copa Holdings in Q3 2025, an estimated $66.1M increase.
  • Driehaus Capital Management's biggest Q3 2025 reduction was CyberArk, cutting an estimated $195M.
  • Driehaus Capital Management fully exited Upstart Holdings in Q3 2025, selling an estimated $82.3M.
  • Driehaus Capital Management's ten largest holdings make up 16% of its $14B portfolio in Q3 2025.
  • Driehaus Capital Management opened 115 new positions and closed 100 in Q3 2025.
  • Driehaus Capital Management's portfolio value rose 12% quarter-over-quarter to $14B.

Based on Driehaus Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.