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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
+28.72%
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
$14.7B
AUM Growth
+$761M
Cap. Flow
-$934M
Cap. Flow %
-6.35%
Top 10 Hldgs %
16.56%
Holding
518
New
87
Increased
137
Reduced
150
Closed
114

Top Buys

Rank Stock Value
1
EOSE icon
Eos Energy Enterprises
EOSE
+$111M
2
RMBS icon
Rambus
RMBS
+$93.9M
3
PRAX icon
Praxis Precision Medicines
PRAX
+$80.5M
4
FMX icon
Fomento Económico Mexicano
FMX
+$65.4M
5
NU icon
Nu Holdings
NU
+$59.3M

Top Sells

Rank Stock Value
1
ALAB icon
Astera Labs
ALAB
+$138M
2
CVLT icon
Commault Systems
CVLT
+$120M
3
PL icon
Planet Labs
PL
+$84M
4
OLLI icon
Ollie's Bargain Outlet
OLLI
+$76.8M
5
CRDO icon
Credo Technology Group
CRDO
+$75.9M

Sector Composition

Rank Sector Weight
1 Healthcare 29.41%
2 Industrials 21.41%
3 Technology 18.1%
4 Consumer Discretionary 9.17%
5 Financials 9.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MTSI icon
51
MACOM Technology Solutions
MTSI
$19.5B
$82.6M 0.56%
482,051
+107,161
+29% +$17M
CPA icon
52
Copa Holdings
CPA
$5.8B
$80.9M 0.55%
670,657
+16,267
+2% +$1.99M
IMNM icon
53
Immunome
IMNM
$2.6B
$79.6M 0.54%
3,705,974
+3,009,423
+432% +$52.8M
AXON
54
Axon Enterprise
AXON
$42.1B
$77.4M 0.53%
136,364
-28,626
-17% -$17.8M
AVAV icon
55
AeroVironment
AVAV
$7.42B
$77.4M 0.53%
319,833
-14,411
-4% -$4.53M
TCOM icon
56
Trip.com Group
TCOM
$29.4B
$77.1M 0.52%
1,072,741
+50,860
+5% +$3.64M
RSI icon
57
Rush Street Interactive
RSI
$2.81B
$75.6M 0.51%
3,889,159
-144,466
-4% -$2.67M
VALE icon
58
Vale
VALE
$64.2B
$75.3M 0.51%
5,780,150
-2,406,364
-29% -$29.2M
ROAD icon
59
Construction Partners
ROAD
$5.85B
$75.3M 0.51%
693,594
-199,729
-22% -$22.5M
REAL icon
60
The RealReal
REAL
$1.44B
$75M 0.51%
4,754,440
+1,660,008
+54% +$21.7M
ARQT icon
61
Arcutis Biotherapeutics
ARQT
$3.33B
$74.4M 0.51%
2,562,445
+1,465,441
+134% +$37.5M
INDV icon
62
Indivior Pharmaceuticals
INDV
$4.67B
$71.8M 0.49%
2,000,339
+1,575,955
+371% +$48.1M
PAY icon
63
Paymentus
PAY
$4.11B
$70.7M 0.48%
2,239,138
-229,935
-9% -$7.5M
SCCO icon
64
Southern Copper
SCCO
$143B
$69.8M 0.47%
495,433
-272,668
-35% -$36.1M
NXT icon
65
Nextpower Inc
NXT
$13.9B
$69.7M 0.47%
799,738
+341,107
+74% +$30.9M
SMTC icon
66
Semtech
SMTC
$11.1B
$68.6M 0.47%
931,305
+484,269
+108% +$34.4M
FMX icon
67
Fomento Económico Mexicano
FMX
$43.5B
$68M 0.46%
+672,848
New +$65.4M
FLS icon
68
Flowserve
FLS
$9.67B
$67.8M 0.46%
977,589
-84,788
-8% -$5.45M
WULF icon
69
TeraWulf
WULF
$8.99B
$67.4M 0.46%
5,864,195
-3,142,769
-35% -$42.1M
GGAL icon
70
Galicia Financial Group
GGAL
$8.23B
$66.7M 0.45%
1,236,833
+296,413
+32% +$13.9M
HAPN
71
Happen Inc
HAPN
$2.25B
$66.7M 0.45%
3,519,350
-129,148
-4% -$2.28M
HCI icon
72
HCI Group
HCI
$2.26B
$66.4M 0.45%
346,329
-84,454
-20% -$15.9M
MDGL icon
73
Madrigal Pharmaceuticals
MDGL
$10.9B
$65M 0.44%
111,666
-4,308
-4% -$2.2M
ULS icon
74
UL Solutions
ULS
$18.4B
$64.5M 0.44%
817,581
+537,529
+192% +$43.2M
MOD icon
75
Modine Manufacturing
MOD
$10.6B
$64.1M 0.44%
480,392
-192,556
-29% -$28.7M
1 2
3
4 5

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Driehaus Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, Driehaus Capital Management held 518 positions worth $14.7B, up 5.4% from $14B the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Driehaus Capital Management withdrew a net $934M in Q4 2025, closing 114 positions and reducing 150 holdings. Its most notable exit was Commault Systems, an estimated $120M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 29% of assets, up from 20% a quarter earlier, followed by Industrials and Technology.

Against the trend, Driehaus Capital Management opened a new position in Rambus worth $87.7M.

  • Driehaus Capital Management's largest Q4 2025 buy was Rambus: 954,164 shares worth $87.7M.
  • Driehaus Capital Management added most to Eos Energy Enterprises in Q4 2025, an estimated $111M increase.
  • Driehaus Capital Management's biggest Q4 2025 reduction was Astera Labs, cutting an estimated $138M.
  • Driehaus Capital Management fully exited Commault Systems in Q4 2025, selling an estimated $120M.
  • Driehaus Capital Management's ten largest holdings make up 17% of its $14.7B portfolio in Q4 2025.
  • Driehaus Capital Management opened 87 new positions and closed 114 in Q4 2025.
  • Driehaus Capital Management's portfolio value rose 5.4% quarter-over-quarter to $14.7B.

Based on Driehaus Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.