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 | |
|---|---|---|---|---|---|---|---|
151
Graham Corp
GHM
$1.04B
| $36.3M | 0.21% |
293,232
-49,676
| -14% | -$4.93M |
2025 Q4
2 quarters
|
|
152
Victoria's Secret
VSXY
$8.76B
| $36.2M | 0.21% |
434,173
-362,917
| -46% | -$21.8M |
2025 Q4
2 quarters
|
|
153
Applied Industrial Technologies
AIT
$11.1B
| $36.2M | 0.21% |
106,981
+45,546
| +74% | +$14M |
2026 Q1
1 quarter
|
|
154
RBC Bearings
RBC
$15.8B
| $36.1M | 0.21% |
55,999
-11,790
| -17% | -$7.02M |
2025 Q1
5 quarters
|
|
155
Lincoln Electric
LECO
$15.6B
| $36M | 0.21% |
135,486
-8,117
| -6% | -$2.12M |
2025 Q3
3 quarters
|
|
156
Lightpath Technologies
LPTH
$520M
| $35.5M | 0.21% |
2,171,013
+6,305
| +0.3% | +$88K |
2025 Q4
2 quarters
|
|
157
Legence Corp
LGN
$2.77B
| $34.8M | 0.2% |
408,382
-506,184
| -55% | -$41.2M |
2025 Q4
2 quarters
|
|
158
PBF Energy
PBF
$8.15B
| $34.5M | 0.2% |
757,695
+45,723
| +6% | +$1.9M |
2026 Q1
1 quarter
|
|
159
Target Hospitality
TH
$1.17B
| $34.2M | 0.2% |
+1,679,925
| New | +$28.1M |
2026 Q2
0 quarters
|
|
160
Compass
COMP
$7.76B
| $33.8M | 0.2% |
2,741,532
+312,319
| +13% | +$2.6M |
2025 Q4
2 quarters
|
|
161
Legend Biotech
LEGN
$3.72B
| $33.5M | 0.19% |
+1,158,808
| New | +$31.3M |
2026 Q2
0 quarters
|
|
162
Lear
LEA
$5.22B
| $33.4M | 0.19% |
+248,946
| New | +$33.3M |
2026 Q2
0 quarters
|
|
163
Happen Inc
HAPN
$1.83B
| $33.2M | 0.19% |
1,601,909
-407,767
| -20% | -$6.94M |
2024 Q3
7 quarters
|
|
164
Babcock & Wilcox
BW
$755M
| $33M | 0.19% |
2,337,212
-43,401
| -2% | -$736K |
2025 Q4
2 quarters
|
|
165
Axogen
AXGN
$3.18B
| $32.7M | 0.19% |
707,234
+478,797
| +210% | +$19.3M |
2026 Q1
1 quarter
|
|
166
Mama's Creations
MAMA
$636M
| $32.6M | 0.19% |
1,828,230
+727,392
| +66% | +$11M |
2025 Q4
2 quarters
|
|
167
XPO
XPO
$21.8B
| $32.5M | 0.19% |
158,226
+60,312
| +62% | +$12.8M |
2026 Q1
1 quarter
|
|
168
Sociedad Química y Minera de Chile
SQM
$15.8B
| $32.4M | 0.19% |
437,937
-428,655
| -49% | -$35.9M |
2025 Q4
2 quarters
|
|
169
Porch Group
PRCH
$2.49B
| $32.3M | 0.19% |
2,145,989
+1,385,365
| +182% | +$13.6M |
2024 Q4
6 quarters
|
|
170
Celcuity
CELC
$3.23B
| $31.8M | 0.18% |
303,860
+62,311
| +26% | +$7.19M |
2025 Q3
3 quarters
|
|
171
Mayville Engineering Co
MEC
$359M
| $31.7M | 0.18% |
+846,354
| New | +$22.6M |
2026 Q2
0 quarters
|
|
172
Wave Life Sciences
WVE
$675M
| $31.6M | 0.18% |
5,443,143
+12,122
| +0.2% | +$80.4K |
2023 Q4
10 quarters
|
|
173
Uranium Energy
UEC
$3.7B
| $31.1M | 0.18% |
2,918,212
-5,416,033
| -65% | -$72.7M |
2022 Q2
16 quarters
|
|
174
Generac Holdings
GNRC
$11.4B
| $30.8M | 0.18% |
+105,345
| New | +$26.4M |
2026 Q2
0 quarters
|
|
175
Innodata
INOD
$1.33B
| $30.5M | 0.18% |
+404,165
| New | +$29.7M |
2026 Q2
0 quarters
|
|
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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.