NIP

Nicholas Investment Partners Portfolio holdings

AUM $971M

AUM

$971M

AUM Growth

-$166M (-15%)

Cap. Flow

+$127M

Cap. Flow % of AUM

13.12%

Top 10 Holdings %Top 10 Hldgs %

19.56%

Holding

257

New

Increased

Reduced

Closed

Top Buys

1	Health Care Select Sector SPDR Fund XLV	$13.4M
2	Guardant Health GH	$10M
3	EXL Service EXLS	$7.67M
4	Cheesecake Factory CAKE	$6.88M
5	Palomar PLMR	$6.85M

Top Sells

1	Evercore EVR	$16M
2	FTAI Aviation FTAI	$12.1M
3	Astera Labs ALAB	$6.17M
4	TransDigm Group TDG	$3.97M
5	Clean Harbors CLH	$3.65M

Sector Composition

1	Industrials	20.23%
2	Technology	20.14%
3	Healthcare	16.69%
4	Consumer Discretionary	9.79%
5	Financials	9.23%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Lattice Semiconductor LSCC $6.6B	$9.22M	0.95%	175,880 +114,170	+185%	+$5.99M
27	27 ADMA Biologics ADMA $4.92B	$9.14M	0.94%	460,761 +283,379	+160%	+$5.62M
28	28 Sprouts Farmers Market SFM $16.6B	$9.01M	0.93%	59,000 +8,340	+16%	+$1.27M
29	BA.PRA 29 The Boeing Company Depositary Shares, each representing a 1/20th interest in a share of 6.00% Series A Mandatory Convertible Preferred Stock, par value $1.00 BA.PRA $7.87B	$8.46M	0.87%	0	–	–
30	30 GATX Corp GATX $5.6B	$8.39M	0.86%	54,013 +20,877	+63%	+$3.24M
31	31 Mister Car Wash MCW $2.13B	$8.34M	0.86%	1,057,617 +410,347	+63%	+$3.24M
32	32 Intuitive Surgical ISRG $200B	$8.27M	0.85%	16,706 +3,774	+29%	+$1.87M
33	33 WIX.com WIX $8.48B	$8.26M	0.85%	50,558 -6,167	-11%	-$1.01M
34	34 GE Vernova GEV $132B	$8.14M	0.84%	26,654 +124	+0.5%	+$37.9K
35	35 Skywest SKYW $4.18B	$7.94M	0.82%	90,881 -35,637	-28%	-$3.11M
36	36 Mirum Pharmaceuticals MIRM $2.3B	$7.8M	0.8%	173,043 +24,200	+16%	+$1.09M
37	37 ARS Pharmaceuticals SPRY $1.42B	$7.7M	0.79%	611,737 +439,719	+256%	+$5.53M
38	38 EXL Service EXLS $7.81B	$7.67M	0.79%	162,365	New	+$7.67M
39	39 Axogen AXGN $497M	$7.66M	0.79%	414,281 +118,727	+40%	+$2.2M
40	40 Nuvalent NUVL $5.6B	$7.57M	0.78%	106,719 +30,292	+40%	+$2.15M
41	41 Bank of America BAC $339B	$7.41M	0.76%	177,613 +300	+0.2%	+$12.5K
42	42 Birkenstock BIRK $10.1B	$7.12M	0.73%	155,314 +138,865	+844%	+$6.37M
43	43 Goldman Sachs GS $188B	$7.1M	0.73%	13,000	–	–
44	44 Cheesecake Factory CAKE $2.86B	$6.88M	0.71%	141,338	New	+$6.88M
45	45 XPO XPO $14B	$6.85M	0.71%	63,679 +15,818	+33%	+$1.7M
46	46 Monolithic Power Systems MPWR $32.9B	$6.81M	0.7%	11,742 -744	-6%	-$432K
47	47 Itron ITRI $5.5B	$6.46M	0.66%	61,622 -29,489	-32%	-$3.09M
48	48 Norwegian Cruise Line NCLH $8.74B	$6.44M	0.66%	339,802	New	+$6.44M
49	49 Cadence Design Systems CDNS $81.1B	$6.33M	0.65%	24,894 -3,973	-14%	-$1.01M
50	50 Simon Property Group SPG $52.9B	$6.31M	0.65%	37,964 +10,816	+40%	+$1.8M