Driehaus Capital Management Portfolio holdings
Driehaus Capital Management is a growth equity manager founded in 1982 by Richard Driehaus, an American investor often called the father of momentum investing. Its stock funds look for companies whose earnings growth is picking up, on the view that markets tend to misprice shares after such a turn. Richard Driehaus later founded Driehaus Mutual Funds in 1996. The firm is majority-owned by Driehaus Capital Holdings, which belongs to entities related to its late founder, and its clients include pension plans, endowments, foundations, family offices and the Driehaus mutual funds.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cadence Design Systems
CDNS
|
+$103M |
| 2 |
Credo Technology Group
CRDO
|
+$102M |
| 3 |
Vicor
VICR
|
+$83.8M |
| 4 |
Cipher Digital
CIFR
|
+$74.9M |
| 5 |
Ceco Environmental
CECO
|
+$72.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fabrinet
FN
|
+$240M |
| 2 |
Lumentum
LITE
|
+$130M |
| 3 |
Bloom Energy
BE
|
+$118M |
| 4 |
TSMC
TSM
|
+$114M |
| 5 |
Coherent
COHR
|
+$90.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 27.73% |
| 2 | Technology | 23.9% |
| 3 | Industrials | 20.73% |
| 4 | Financials | 9.01% |
| 5 | Consumer Discretionary | 6.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
Construction Partners
ROAD
$4.84B
| $76.2M | 0.44% |
641,417
-153,047
| -19% | -$18.2M |
2023 Q4
10 quarters
|
|
77
FTAI Aviation
FTAI
$20.3B
| $75.3M | 0.44% |
278,208
-301,313
| -52% | -$75.8M |
2023 Q1
13 quarters
|
|
78
Forgent Power Solutions
FPS
$6.2B
| $74.5M | 0.43% |
1,334,384
-49,739
| -4% | -$2.27M |
2026 Q1
1 quarter
|
|
79
JFrog
FROG
$13.3B
| $73.1M | 0.42% |
+804,703
| New | +$52.3M |
2026 Q2
0 quarters
|
|
80
Fluence Energy
FLNC
$773M
| $71.1M | 0.41% |
+3,575,964
| New | +$66.5M |
2026 Q2
0 quarters
|
|
|
81
Lumentum
LITE
$54.1B
| $71M | 0.41% |
82,768
-146,227
| -64% | -$130M |
2025 Q2
4 quarters
|
|
82
Advanced Energy
AEIS
$8.88B
| $69M | 0.4% |
184,957
+7,939
| +4% | +$2.78M |
2026 Q1
1 quarter
|
|
83
Mercado Libre
MELI
$77.7B
| $68.1M | 0.39% |
+40,135
| New | +$68.5M |
2026 Q2
0 quarters
|
|
84
Semtech
SMTC
$10.9B
| $67.9M | 0.39% |
419,633
-208,823
| -33% | -$27.3M |
2025 Q3
3 quarters
|
|
85
Almonty Industries
ALM
$2.53B
| $66.9M | 0.39% |
4,039,183
-56,152
| -1% | -$1.07M |
2025 Q3
3 quarters
|
|
86
Alkermes
ALKS
$7.76B
| $64.9M | 0.38% |
1,238,809
+446,846
| +56% | +$17.5M |
2025 Q1
5 quarters
|
|
87
Cameco
CCJ
$32.8B
| $64.6M | 0.37% |
634,006
-378,594
| -37% | -$42.4M |
2021 Q3
19 quarters
|
|
88
Terex
TEX
$6.52B
| $64.4M | 0.37% |
889,977
+247,554
| +39% | +$15.5M |
2026 Q1
1 quarter
|
|
89
MP Materials
MP
$6.72B
| $64.3M | 0.37% |
1,148,299
+368,831
| +47% | +$22.4M |
2025 Q3
3 quarters
|
|
90
Garrett Motion
GTX
$3.83B
| $63.6M | 0.37% |
1,755,586
+530,530
| +43% | +$14.8M |
2026 Q1
1 quarter
|
|
91
Openlane
OPLN
$4.24B
| $62.5M | 0.36% |
1,515,210
+947,011
| +167% | +$33.1M |
2025 Q2
4 quarters
|
|
92
Comfort Systems
FIX
$39.2B
| $62.4M | 0.36% |
31,499
-9,606
| -23% | -$17.4M |
2025 Q2
4 quarters
|
|
93
Veracyte
VCYT
$2.09B
| $61.4M | 0.36% |
+1,045,826
| New | +$43.9M |
2026 Q2
0 quarters
|
|
94
Zurn Elkay Water Solutions
ZWS
$7.46B
| $60.4M | 0.35% |
1,195,710
+298,096
| +33% | +$14.6M |
2026 Q1
1 quarter
|
|
95
Everus Construction Group
ECG
$4.31B
| $59.8M | 0.35% |
360,544
-155,225
| -30% | -$22.7M |
2025 Q3
3 quarters
|
|
96
FirstCash
FCFS
$8.06B
| $59.7M | 0.35% |
276,029
+52,503
| +23% | +$11.4M |
2026 Q1
1 quarter
|
|
97
Mercury Systems
MRCY
$4.85B
| $59.7M | 0.35% |
487,921
+193,293
| +66% | +$18.4M |
2025 Q2
4 quarters
|
|
98
Tower Semiconductor
TSEM
$17.3B
| $58.7M | 0.34% |
225,114
-100,989
| -31% | -$24.2M |
2026 Q1
1 quarter
|
|
99
MBX Biosciences
MBX
$2.6B
| $58.3M | 0.34% |
1,056,579
+38,367
| +4% | +$1.34M |
2024 Q3
7 quarters
|
|
100
Bankunited
BKU
$3.15B
| $57.6M | 0.33% |
1,188,026
+268,991
| +29% | +$12.7M |
2026 Q1
1 quarter
|
|
Similar funds
Driehaus Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Driehaus Capital Management held 439 positions worth $17.3B, up 27% from $13.6B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Driehaus Capital Management's Q2 2026 filing shows 84 new, 139 increased, 108 reduced and 85 closed positions. Its largest new stake was Cadence Design Systems: 293,693 shares worth $110M. The largest sale was Fabrinet, an estimated $240M.
By sector, the portfolio is most concentrated in Healthcare at 28% of assets, up from 27% a quarter earlier, followed by Technology and Industrials.
- Driehaus Capital Management's largest Q2 2026 buy was Cadence Design Systems: 293,693 shares worth $110M.
- Driehaus Capital Management added most to Vicor in Q2 2026, an estimated $83.8M increase.
- Driehaus Capital Management's biggest Q2 2026 reduction was Fabrinet, cutting an estimated $240M.
- Driehaus Capital Management fully exited National Vision in Q2 2026, selling an estimated $89.9M.
- Driehaus Capital Management's ten largest holdings make up 16% of its $17.3B portfolio in Q2 2026.
- Driehaus Capital Management opened 84 new positions and closed 85 in Q2 2026.
- Driehaus Capital Management's portfolio value rose 27% quarter-over-quarter to $17.3B.
Based on Driehaus Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.