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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 | |
|---|---|---|---|---|---|---|
126
Arm
ARM
$284B
| – | – |
-16,924
| Closed | -$2.74M |
|
127
Byline Bancorp
BY
$1.76B
| – | – |
-247,810
| Closed | -$6.62M |
|
|
128
CareDx
CDNA
$2.47B
| – | – |
-1,125,454
| Closed | -$22M |
|
129
Salesforce
CRM
$162B
| – | – |
-5,692
| Closed | -$1.55M |
|
130
Covenant Logistics
CVLG
$849M
| – | – |
-193,383
| Closed | -$4.66M |
|
|
CWAN
131
DELISTED
Clearwater Analytics
CWAN
| – | – |
-325,680
| Closed | -$7.14M |
|
|
CYBR
132
DELISTED
CyberArk
CYBR
| – | – |
-24,907
| Closed | -$10.1M |
|
|
133
EXL Service
EXLS
$5.32B
| – | – |
-377,818
| Closed | -$16.5M |
|
134
Grid Dynamics Holdings
GDYN
$640M
| – | – |
-488,114
| Closed | -$5.64M |
|
135
HealthEquity
HQY
$8.85B
| – | – |
-129,465
| Closed | -$13.6M |
|
136
Intuitive Surgical
ISRG
$141B
| – | – |
-3,526
| Closed | -$1.92M |
|
137
Kornit Digital
KRNT
$807M
| – | – |
-119,821
| Closed | -$2.39M |
|
|
OLO
138
DELISTED
Olo Inc
OLO
| – | – |
-1,159,731
| Closed | -$10.3M |
|
|
139
PAR Technology
PAR
$734M
| – | – |
-417,625
| Closed | -$29M |
|
|
PBPB
140
DELISTED
Potbelly
PBPB
| – | – |
-603,003
| Closed | -$7.39M |
|
141
Paylocity
PCTY
$7.76B
| – | – |
-49,741
| Closed | -$9.01M |
|
142
Pinnacle Financial Partners Inc
PNFP
$16B
| – | – |
-56,436
| Closed | -$6.23M |
|
143
Procept Biorobotics
PRCT
$1.25B
| – | – |
-189,185
| Closed | -$10.9M |
|
|
SEMR
144
DELISTED
Semrush
SEMR
| – | – |
-775,997
| Closed | -$7.02M |
|
145
Skyward Specialty Insurance
SKWD
$2.54B
| – | – |
-108,809
| Closed | -$6.29M |
|
146
ARS Pharmaceuticals
SPRY
$588M
| – | – |
-622,823
| Closed | -$10.9M |
|
147
Atlassian
TEAM
$39.3B
| – | – |
-9,097
| Closed | -$1.85M |
|
148
Titan Machinery
TITN
$445M
| – | – |
-240,052
| Closed | -$4.76M |
|
149
Toast
TOST
$20.5B
| – | – |
-40,511
| Closed | -$1.79M |
|
150
Tyler Technologies
TYL
$13.2B
| – | – |
-4,327
| Closed | -$2.57M |
|
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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.