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NCGI
Next Century Growth Investors Portfolio holdings
AUM
$1.38B
1-Year Est. Return
102.34%
This Fund
S&P 500
This Quarter
Est. Return
+25.22%
1 Year Est. Return
+102.34%
3 Year Est. Return
+305.75%
5 Year Est. Return
+498.06%
10 Year Est. Return
+7,120.12%
AUM
$1.37B
AUM Growth
+$77.5M
(+6%)
Cap. Flow
-$62.3M
Cap. Flow
% of AUM
-4.54%
Top 10 Holdings %
Top 10 Hldgs %
28.12%
Holding
157
New
34
Increased
59
Reduced
31
Closed
33
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pagaya Technologies
PGY
|
+$21.3M |
| 2 |
Impinj
PI
|
+$16.5M |
| 3 |
Planet Labs
PL
|
+$13.7M |
| 4 |
MP Materials
MP
|
+$12.8M |
| 5 |
Mirum Pharmaceuticals
MIRM
|
+$10.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PAR Technology
PAR
|
+$29M |
| 2 |
Vericel Corp
VCEL
|
+$28.5M |
| 3 |
CareDx
CDNA
|
+$22M |
| 4 |
Sterling Infrastructure
STRL
|
+$17.3M |
| 5 |
EXL Service
EXLS
|
+$16.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 29.67% |
| 2 | Technology | 28.26% |
| 3 | Healthcare | 19.56% |
| 4 | Consumer Staples | 8.43% |
| 5 | Financials | 6.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Argan
AGX
$8.15B
| $17.8M | 1.3% |
65,964
+3,473
| +6% | +$796K |
|
27
Kinsale Capital Group
KNSL
$8.4B
| $16.9M | 1.23% |
39,774
-582
| -1% | -$264K |
|
28
Carpenter Technology
CRS
$27.8B
| $15.8M | 1.15% |
64,447
+2,735
| +4% | +$699K |
|
29
AvePoint
AVPT
$2.75B
| $15.4M | 1.13% |
1,028,663
+8,890
| +0.9% | +$149K |
|
30
Limbach Holdings
LMB
$552M
| $15.1M | 1.1% |
155,401
+1,114
| +0.7% | +$134K |
|
31
Saia
SAIA
$9.49B
| $14.8M | 1.08% |
49,376
-4,246
| -8% | -$1.28M |
|
32
Applied Digital
APLD
$8.37B
| $14M | 1.02% |
+610,193
| New | +$9.03M |
|
|
33
MP Materials
MP
$9.73B
| $13.6M | 0.99% |
+203,093
| New | +$12.8M |
|
34
Innodata
INOD
$2.03B
| $13.6M | 0.99% |
176,347
+79,102
| +81% | +$4M |
|
35
Penumbra
PEN
$12.8B
| $13.2M | 0.96% |
51,928
+2,186
| +4% | +$551K |
|
36
Dutch Bros
BROS
$8.96B
| $13M | 0.95% |
247,771
+9,569
| +4% | +$605K |
|
37
JFrog
FROG
$10.7B
| $13M | 0.95% |
273,939
+174,063
| +174% | +$7.86M |
|
38
Credo Technology Group
CRDO
$44.7B
| $12.9M | 0.94% |
88,569
+3,784
| +4% | +$463K |
|
39
Celsius Holdings
CELH
$6.89B
| $12.7M | 0.92% |
220,604
+83,789
| +61% | +$4.38M |
|
40
Mama's Creations
MAMA
$822M
| $11.5M | 0.84% |
1,094,707
+176,313
| +19% | +$1.6M |
|
41
Amazon
AMZN
$3T
| $11.3M | 0.82% |
51,423
+292
| +0.6% | +$66.1K |
|
42
Coherent
COHR
$63.6B
| $11.1M | 0.81% |
102,674
+4,389
| +4% | +$438K |
|
43
Aaon
AAON
$7.31B
| $11M | 0.8% |
+117,233
| New | +$9.6M |
|
44
Broadcom
AVGO
$2.01T
| $10.5M | 0.77% |
31,853
+6,659
| +26% | +$2.04M |
|
|
WAY
45
Waystar Holding Corp
WAY
$4.74B
| $10.5M | 0.77% |
276,819
-76,804
| -22% | -$2.85M |
|
46
e.l.f. Beauty
ELF
$5.62B
| $10.2M | 0.74% |
77,004
+3,272
| +4% | +$404K |
|
47
Toll Brothers
TOL
$14B
| $10.1M | 0.73% |
+72,900
| New | +$9.52M |
|
|
KRMN
48
Karman Holdings
KRMN
$8.24B
| $9.9M | 0.72% |
+137,135
| New | +$7.52M |
|
49
Bloom Energy
BE
$62B
| $9.6M | 0.7% |
+113,542
| New | +$5.27M |
|
50
Alphabet (Google) Class A
GOOGL
$4.37T
| $9.53M | 0.69% |
39,210
+17,262
| +79% | +$3.62M |
|
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Next Century Growth Investors's Q3 2025 Portfolio in Review
As of Q3 2025, Next Century Growth Investors held 157 positions worth $1.37B, up 6% from $1.29B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Next Century Growth Investors withdrew a net $62.3M in Q3 2025, closing 33 positions and reducing 31 holdings. Its most notable exit was PAR Technology, an estimated $29M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 30% of assets, up from 24% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Next Century Growth Investors opened a new position in Pagaya Technologies worth $19.6M.
- Next Century Growth Investors's largest Q3 2025 buy was Pagaya Technologies: 660,608 shares worth $19.6M.
- Next Century Growth Investors added most to Mirum Pharmaceuticals in Q3 2025, an estimated $10.8M increase.
- Next Century Growth Investors's biggest Q3 2025 reduction was Sterling Infrastructure, cutting an estimated $17.3M.
- Next Century Growth Investors fully exited PAR Technology in Q3 2025, selling an estimated $29M.
- Next Century Growth Investors's ten largest holdings make up 28% of its $1.37B portfolio in Q3 2025.
- Next Century Growth Investors opened 34 new positions and closed 33 in Q3 2025.
- Next Century Growth Investors's portfolio value rose 6% quarter-over-quarter to $1.37B.
Based on Next Century Growth Investors's 13F filing for Q3 2025, filed 14 Nov 2025.