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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
+12.83%
1 Year Est. Return
+102.34%
3 Year Est. Return
+305.75%
5 Year Est. Return
+498.06%
10 Year Est. Return
+7,120.2%
AUM
$1.44B
AUM Growth
+$68.1M
(+5%)
Cap. Flow
-$21.5M
Cap. Flow
% of AUM
-1.49%
Top 10 Holdings %
Top 10 Hldgs %
28.14%
Holding
141
New
17
Increased
49
Reduced
55
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Axogen
AXGN
|
+$19.7M |
| 2 |
Applied Optoelectronics
AAOI
|
+$13.9M |
| 3 |
ALM
Almonty Industries
ALM
|
+$13.6M |
| 4 |
Innodata
INOD
|
+$12.4M |
| 5 |
ADMA Biologics
ADMA
|
+$11.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Argan
AGX
|
+$17.8M |
| 2 |
Impinj
PI
|
+$15.5M |
| 3 |
AvePoint
AVPT
|
+$15.4M |
| 4 |
Planet Labs
PL
|
+$10.2M |
| 5 |
e.l.f. Beauty
ELF
|
+$10.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 27.11% |
| 2 | Technology | 26.87% |
| 3 | Industrials | 26.16% |
| 4 | Consumer Staples | 6.52% |
| 5 | Financials | 5.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Astronics
ATRO
$3.47B
| $57.9M | 4.02% |
1,281,134
-176,010
| -12% | -$7.38M |
|
2
Alphatec Holdings
ATEC
$1.55B
| $50.9M | 3.53% |
2,418,298
+138,915
| +6% | +$2.57M |
|
3
Xometry
XMTR
$4.93B
| $47.8M | 3.32% |
803,613
-3,911
| -0.5% | -$220K |
|
4
Artivion
AORT
$1.33B
| $47.6M | 3.31% |
1,044,395
-4,091
| -0.4% | -$182K |
|
5
Alignment Healthcare
ALHC
$2.98B
| $45.6M | 3.17% |
2,308,287
+35,542
| +2% | +$639K |
|
6
Paymentus
PAY
$4.42B
| $37.3M | 2.59% |
1,181,624
+14,786
| +1% | +$482K |
|
7
iRhythm Holdings
IRTC
$4.02B
| $30.7M | 2.13% |
172,838
-16,244
| -9% | -$2.88M |
|
8
Universal Technical Institute
UTI
$2.22B
| $29.3M | 2.04% |
1,123,067
+15,258
| +1% | +$432K |
|
9
Mirum Pharmaceuticals
MIRM
$6.39B
| $29.1M | 2.02% |
368,035
+7,101
| +2% | +$510K |
|
10
MYR Group
MYRG
$5.32B
| $29M | 2.01% |
132,496
-32,521
| -20% | -$7.08M |
|
|
11
Axogen
AXGN
$2.46B
| $26.2M | 1.82% |
+799,882
| New | +$19.7M |
|
12
Sterling Infrastructure
STRL
$18.7B
| $25.1M | 1.74% |
81,939
-8,126
| -9% | -$2.8M |
|
13
FTAI Aviation
FTAI
$22.6B
| $23.2M | 1.61% |
117,912
+3,596
| +3% | +$613K |
|
14
NVIDIA
NVDA
$5.02T
| $23.2M | 1.61% |
124,203
-3,574
| -3% | -$665K |
|
15
Lattice Semiconductor
LSCC
$18B
| $22.9M | 1.59% |
310,945
+50,889
| +20% | +$3.62M |
|
16
Mama's Creations
MAMA
$863M
| $22.8M | 1.58% |
1,691,395
+596,688
| +55% | +$6.86M |
|
17
GeneDx Holdings
WGS
$1.99B
| $22.6M | 1.57% |
173,411
-60,698
| -26% | -$8.33M |
|
18
JFrog
FROG
$9.82B
| $22.4M | 1.55% |
357,976
+84,037
| +31% | +$4.78M |
|
19
Apple
AAPL
$4.48T
| $21.6M | 1.5% |
79,402
+7,824
| +11% | +$2.1M |
|
20
MACOM Technology Solutions
MTSI
$19.5B
| $21.5M | 1.49% |
125,466
-39,947
| -24% | -$6.34M |
|
|
21
Planet Labs
PL
$7.62B
| $21M | 1.46% |
1,065,166
-712,365
| -40% | -$10.2M |
|
22
Microsoft
MSFT
$3.62T
| $20.9M | 1.45% |
43,212
-73
| -0.2% | -$36.6K |
|
23
Coastal Financial
CCB
$647M
| $20.4M | 1.42% |
178,224
+100,731
| +130% | +$11M |
|
|
24
ADMA Biologics
ADMA
$2B
| $20.1M | 1.39% |
1,100,773
+705,217
| +178% | +$11.9M |
|
25
Applied Digital
APLD
$8.61B
| $19.5M | 1.36% |
797,237
+187,044
| +31% | +$5.39M |
|
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Next Century Growth Investors's Q4 2025 Portfolio in Review
As of Q4 2025, Next Century Growth Investors held 141 positions worth $1.44B, up 5% from $1.37B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Next Century Growth Investors's Q4 2025 filing shows 17 new, 49 increased, 55 reduced and 20 closed positions. Its largest new stake was Axogen: 799,882 shares worth $26.2M. The largest sale was Argan, an estimated $17.8M.
By sector, the portfolio is most concentrated in Healthcare at 27% of assets, up from 20% a quarter earlier, followed by Technology and Industrials.
- Next Century Growth Investors's largest Q4 2025 buy was Axogen: 799,882 shares worth $26.2M.
- Next Century Growth Investors added most to Innodata in Q4 2025, an estimated $12.4M increase.
- Next Century Growth Investors's biggest Q4 2025 reduction was Impinj, cutting an estimated $15.5M.
- Next Century Growth Investors fully exited Argan in Q4 2025, selling an estimated $17.8M.
- Next Century Growth Investors's ten largest holdings make up 28% of its $1.44B portfolio in Q4 2025.
- Next Century Growth Investors opened 17 new positions and closed 20 in Q4 2025.
- Next Century Growth Investors's portfolio value rose 5% quarter-over-quarter to $1.44B.
Based on Next Century Growth Investors's 13F filing for Q4 2025, filed 13 Feb 2026.