Next Century Growth Investors Portfolio holdings

Next Century Growth Investors's Q1 2014 Portfolio in Review

As of Q1 2014, Next Century Growth Investors held 214 positions worth $3.37B, down 6.9% from $3.61B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Next Century Growth Investors withdrew a net $285M in Q1 2014, closing 29 positions and reducing 91 holdings. Its most notable exit was Encore Capital Group, an estimated $55.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Next Century Growth Investors opened a new position in Granite Construction worth $43.3M.

• Next Century Growth Investors's largest Q1 2014 buy was Granite Construction: 1,083,483 shares worth $43.3M.
• Next Century Growth Investors added most to RetailMeNot, Inc. Series 1 in Q1 2014, an estimated $39.5M increase.
• Next Century Growth Investors's biggest Q1 2014 reduction was ANNIES INC COMMON STOCK (DE), cutting an estimated $39.4M.
• Next Century Growth Investors fully exited Encore Capital Group in Q1 2014, selling an estimated $55.3M.
• Next Century Growth Investors's ten largest holdings make up 22% of its $3.37B portfolio in Q1 2014.
• Next Century Growth Investors opened 33 new positions and closed 29 in Q1 2014.
• Next Century Growth Investors's portfolio value fell 6.9% quarter-over-quarter to $3.37B.

Based on Next Century Growth Investors's 13F filing for Q1 2014, filed 14 May 2014.