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Asset manager

Driehaus Capital Management LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 938206

Reported value
$17.3bn
91% in companies we cover
Positions we cover
331
Largest TSM 2.7%
Copy, a year
+14.4%
S&P 500 +14.1%
Copy Sharpe ratio
0.62
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $59.4k$57.0k
CopyS&P 500 $10,000 copying Driehaus Capital Management LLC's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −43.7% (S&P 500 −31.8%); beta 1.20; alpha −0.9% a year (t = −0.29); last 12 months −0.6% against +12.1%.

Reported value by quarter

Driehaus Capital Management LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $2T $4T $6T $8T Reported value, 2013-06-30: $1.9B Reported value, 2013-09-30: $2.2B Reported value, 2013-12-31: $2.5B Reported value, 2014-03-31: $2.7B Reported value, 2014-06-30: $2.7B Reported value, 2014-09-30: $2.4B Reported value, 2014-12-31: $2.4B Reported value, 2015-03-31: $2.7B Reported value, 2015-06-30: $2.8B Reported value, 2015-09-30: $2.7B Reported value, 2015-12-31: $2.9B Reported value, 2016-03-31: $3B Reported value, 2016-06-30: $2.7B Reported value, 2016-09-30: $2.9B Reported value, 2016-12-31: $2.8B Reported value, 2017-03-31: $2.9B Reported value, 2017-06-30: $2.7B Reported value, 2017-09-30: $2.5B Reported value, 2017-12-31: $2.6B Reported value, 2018-03-31: $2.8B Reported value, 2018-06-30: $2.9B Reported value, 2018-09-30: $3.2B Reported value, 2018-12-31: $2.3B Reported value, 2019-03-31: $2.7B Reported value, 2019-06-30: $3.2B Reported value, 2019-09-30: $3.1B Reported value, 2019-12-31: $3.8B Reported value, 2020-03-31: $3B Reported value, 2020-06-30: $4.1B Reported value, 2020-09-30: $4.9B Reported value, 2020-12-31: $6.2B Reported value, 2021-03-31: $6.8B Reported value, 2021-06-30: $7.5B Reported value, 2021-09-30: $8.4B Reported value, 2021-12-31: $9.8B Reported value, 2022-03-31: $8.1B Reported value, 2022-06-30: $6.2B Reported value, 2022-09-30: $6.6B Reported value, 2022-12-31: $6.7T Reported value, 2023-03-31: $7.1B Reported value, 2023-06-30: $7.9B Reported value, 2023-09-30: $7.7B Reported value, 2023-12-31: $8.3B Reported value, 2024-03-31: $10B Reported value, 2024-06-30: $10.3B Reported value, 2024-09-30: $11.6B Reported value, 2024-12-31: $12.1B Reported value, 2025-03-31: $10.4B Reported value, 2025-06-30: $12.5B Reported value, 2025-09-30: $14B Reported value, 2025-12-31: $14.7B Reported value, 2026-03-31: $13.6B Reported value, 2026-06-30: $17.3B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $17.3B
View chart data
Period Reported value
2013-06-30 $1.9B
2013-09-30 $2.2B
2013-12-31 $2.5B
2014-03-31 $2.7B
2014-06-30 $2.7B
2014-09-30 $2.4B
2014-12-31 $2.4B
2015-03-31 $2.7B
2015-06-30 $2.8B
2015-09-30 $2.7B
2015-12-31 $2.9B
2016-03-31 $3B
2016-06-30 $2.7B
2016-09-30 $2.9B
2016-12-31 $2.8B
2017-03-31 $2.9B
2017-06-30 $2.7B
2017-09-30 $2.5B
2017-12-31 $2.6B
2018-03-31 $2.8B
2018-06-30 $2.9B
2018-09-30 $3.2B
2018-12-31 $2.3B
2019-03-31 $2.7B
2019-06-30 $3.2B
2019-09-30 $3.1B
2019-12-31 $3.8B
2020-03-31 $3B
2020-06-30 $4.1B
2020-09-30 $4.9B
2020-12-31 $6.2B
2021-03-31 $6.8B
2021-06-30 $7.5B
2021-09-30 $8.4B
2021-12-31 $9.8B
2022-03-31 $8.1B
2022-06-30 $6.2B
2022-09-30 $6.6B
2022-12-31 $6.7T
2023-03-31 $7.1B
2023-06-30 $7.9B
2023-09-30 $7.7B
2023-12-31 $8.3B
2024-03-31 $10B
2024-06-30 $10.3B
2024-09-30 $11.6B
2024-12-31 $12.1B
2025-03-31 $10.4B
2025-06-30 $12.5B
2025-09-30 $14B
2025-12-31 $14.7B
2026-03-31 $13.6B
2026-06-30 $17.3B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
TSMTaiwan Semiconductor Manufacturing Co LTD2.73%$470.2m984.5K−22.2% Reduced
DFTXDefinium Therapeutics, Inc.1.87%$322.0m6.85M+15.8% Added
PRAXPraxis Precision Medicines, Inc.1.86%$321.1m959.0K+1.0% Added
XENEXenon Pharmaceuticals Inc.1.55%$266.7m4.42M−1.6% Reduced
SIMOSilicon Motion Technology Corp1.52%$262.0m786.1K+54.1% Added
SYRESpyre Therapeutics, Inc.1.44%$248.5m2.80M+0.3%
GHGuardant Health, Inc.1.33%$230.1m1.53M+0.6% Added
PLPlanet Labs PBC1.29%$222.7m6.72M−15.1% Reduced
EWTXEdgewise Therapeutics, Inc.1.11%$192.1m4.73M+5.6% Added
VICRVicor Corp1.09%$188.6m496.5K+162.1% Added
UCTTUltra Clean Holdings, Inc.1.08%$186.7m1.31M+23.2% Added
CWCurtiss Wright Corp1.01%$173.6m229.1K+1.5% Added
XMTRXometry, Inc.0.99%$170.7m1.77M+16.9% Added
WULFTerawulf Inc.0.88%$152.2m6.16M+1.7% Added
SEPNSepterna, Inc.0.86%$148.5m4.43M+0.9% Added
NXTNextpower Inc.0.83%$143.8m1.21M+16.4% Added
CRDOCredo Technology Group Holding Ltd0.81%$140.6m517.1KNew
CRSCarpenter Technology Corp0.81%$140.1m227.2K−28.0% Reduced
LASRNlight, Inc.0.80%$138.3m1.99M+12.0% Added
ONTOOnto Innovation Inc.0.78%$134.2m354.6K+10.6% Added
RSIRush Street Interactive, Inc.0.75%$129.1m4.34M+66.0% Added
SEISolaris Energy Infrastructure, Inc.0.74%$127.5m1.58M−2.7% Reduced
DAVEDave Inc.0.72%$123.5m331.5K+431.9% Added
SRRKScholar Rock Holding Corp0.70%$121.3m2.21M+14.9% Added
STRLSterling Infrastructure, Inc.0.70%$120.6m143.7K−14.6% Reduced
BEBloom Energy0.69%$118.1m390.3K−54.1% Reduced
PTCTPTC Therapeutics, Inc.0.68%$117.5m1.44M+41.8% Added
LTHLife Time Group Holdings, Inc.0.68%$117.0m2.86M+342.0% Added
CDNLCardinal Infrastructure Group Inc.0.66%$113.9m1.21M+83.0% Added
MODModine Manufacturing Co0.65%$112.9m422.6K−14.6% Reduced
NUNu Holdings Ltd.0.64%$111.1m8.31M+14.1% Added
SAIASaia Inc0.64%$110.4m262.0K+1.6% Added
CDNSCadence Design Systems Inc0.64%$110.2m293.7KNew
ARWRArrowhead Pharmaceuticals, Inc.0.64%$110.1m1.35M+13.5% Added
VALEVale S.a.0.63%$108.8m7.24M+97.3% Added
UTIUniversal Technical Institute Inc0.62%$106.9m2.50M+42.3% Added
SCCOSouthern Copper Corp/0.62%$106.5m611.2K+88.8% Added
KYMRKymera Therapeutics, Inc.0.61%$105.4m919.2K−11.9% Reduced
TWSTTwist Bioscience Corp0.61%$105.2m1.02M+74.9% Added
NTRANatera, Inc.0.60%$104.2m383.9K+35.0% Added
SNEXStonex Group Inc.0.60%$103.7m875.5K+1.6% Added
COHRCoherent Corp.0.59%$102.4m259.5K−49.7% Reduced
ESEEsco Technologies Inc0.58%$100.8m288.0K+55.1% Added
COCOVita Coco Company, Inc.0.58%$99.4m1.50M−1.3% Reduced
MTSIMacom Technology Solutions Holdings, Inc.0.55%$95.5m251.1K−25.4% Reduced
INDVIndivior Pharmaceuticals, Inc.0.55%$94.3m2.30M+22.3% Added
ALABAstera Labs, Inc.0.55%$94.0m194.6KNew
IMAXImax Corp0.54%$93.3m2.34M+41.7% Added
IMNMImmunome Inc.0.53%$92.1m4.35M+6.0% Added
AXSMAxsome Therapeutics, Inc.0.53%$91.2m372.5K+27.4% Added
GKOSGlaukos Corp0.53%$90.9m650.6K+33.3% Added
DOCNDigitalocean Holdings, Inc.0.53%$90.6m577.0K+10.1% Added
PTGXProtagonist Therapeutics, Inc0.52%$89.6m731.1K+1.4% Added
BANDBandwidth Inc.0.51%$87.9m1.39MNew
DYDycom Industries Inc0.51%$87.2m172.5K+25.6% Added
CIFRCipher Digital Inc.0.50%$86.9m3.55MNew
ULSUL Solutions Inc.0.49%$83.9m823.4K+1.6% Added
GPCRStructure Therapeutics Inc.0.48%$83.4m1.55M−1.5% Reduced
TVTXTravere Therapeutics, Inc.0.47%$81.8m1.44M+12.2% Added
SEZLSezzle Inc.0.47%$81.7m476.0KNew
MWHSolv Energy, Inc.0.47%$81.0m2.38M+87.2% Added
EOSEEos Energy Enterprises, Inc.0.46%$79.7m13.56M−8.8% Reduced
BROSDutch Bros Inc.0.46%$79.7m1.11MNew
WTWisdomtree, Inc.0.46%$79.7m4.70M+186.0% Added
FLYWFlywire Corp0.46%$79.2m4.51MNew
KNXKnight-swift Transportation Holdings Inc.0.46%$79.0m1.01M+5.1% Added
CAVACAVA Group, Inc.0.45%$78.2m996.5K+17.7% Added
ROADConstruction Partners, Inc.0.44%$76.2m641.4K−19.3% Reduced
FTAIFTAI Aviation Ltd.0.44%$75.3m278.2K−52.0% Reduced
FPSForgent Power Solutions, Inc.0.43%$74.5m1.33M−3.6% Reduced
FROGJfrog Ltd0.42%$73.1m804.7KNew
FLNCFluence Energy, Inc.0.41%$71.1m3.58MNew
LITELumentum0.41%$71.0m82.8K−63.9% Reduced
AEISAdvanced Energy Industries Inc0.40%$69.0m185.0K+4.5% Added
MELIMercadolibre Inc0.40%$68.1m40.1KNew
SMTCSemtech Corp0.39%$67.9m419.6K−33.2% Reduced
ALMAlmonty Industries Inc.0.39%$66.9m4.04M−1.4% Reduced
ALKSAlkermes plc.0.38%$64.9m1.24M+56.4% Added
CCJCameco Corp0.37%$64.6m634.0K−37.4% Reduced
TEXTerex Corp0.37%$64.4m890.0K+38.5% Added
MPMP Materials Corp. / DE0.37%$64.3m1.15M+47.3% Added
GTXGarrett Motion Inc.0.37%$63.6m1.76M+43.3% Added
OPLNOpenlane, Inc.0.36%$62.5m1.52M+166.7% Added
FIXComfort Systems USA0.36%$62.4m31.5K−23.4% Reduced
VCYTVeracyte, Inc.0.36%$61.4m1.05MNew
ZWSZurn Elkay Water Solutions Corp0.35%$60.4m1.20M+33.2% Added
ECGEverus Construction Group, Inc.0.35%$59.8m360.5K−30.1% Reduced
FCFSFirstcash Holdings, Inc.0.35%$59.7m276.0K+23.5% Added
MRCYMercury Systems Inc0.35%$59.7m487.9K+65.6% Added
TSEMTower Semiconductor LTD0.34%$58.7m225.1K−31.0% Reduced
MBXMBX Biosciences, Inc.0.34%$58.3m1.06M+3.8% Added
BKUBankunited, Inc.0.33%$57.6m1.19M+29.3% Added
AAMIAcadian Asset Management Inc.0.33%$56.4m788.9KNew
TTMITTM Technologies Inc0.32%$55.2m295.2K+1.8% Added
MYRGMYR Group Inc.0.32%$54.7m109.3K−54.1% Reduced
AMLXAmylyx Pharmaceuticals, Inc.0.32%$54.5m3.04M+1.7% Added
ADPTAdaptive Biotechnologies Corp0.31%$54.2m2.53M+44.4% Added
IDCCInterdigital, Inc.0.31%$53.8m189.9K−54.5% Reduced
FIGSFigs, Inc.0.31%$52.8m5.16M+23.6% Added
SNSharkninja, Inc.0.31%$52.8m346.6K+61.5% Added
SAILSailpoint, Inc.0.30%$52.3m3.57MNew
ENPHEnphase Energy, Inc.0.30%$52.2m1.06MNew
PENGPenguin Solutions, Inc.0.30%$51.1m672.8KNew
SPXCSPX Technologies, Inc.0.29%$50.3m205.3K−26.6% Reduced
CUBICustomers Bancorp, Inc.0.29%$50.2m634.7K+1.8% Added
TERTeradyne0.29%$50.1m103.5K−44.0% Reduced
TTITetra Technologies Inc0.29%$49.6m4.37M+21.8% Added
KGSKodiak Gas Services, Inc.0.28%$49.3m655.6KNew
INVXInnovex International, Inc.0.28%$48.6m1.96M+27.5% Added
ICHRIchor Holdings, LTD.0.28%$48.5m432.3K+44.9% Added
FIVNFive9, Inc.0.28%$48.3m2.27MNew
LINCLincoln Educational Services Corp0.28%$47.5m951.6K+40.6% Added
PRMPerimeter Solutions, Inc.0.27%$47.3m1.33MNew
ENVAEnova International, Inc.0.27%$46.9m195.0KNew
FEIMFrequency Electronics Inc0.27%$46.9m706.2K+43.6% Added
FSLYFastly, Inc.0.27%$46.7m2.54M+203.5% Added
ORAOrmat Technologies, Inc.0.27%$46.2m424.5K−10.0% Reduced
KNSAKiniksa Pharmaceuticals International, plc0.27%$45.9m718.2K+17.5% Added
COHUCohu Inc0.26%$45.6m617.3K+14.6% Added
AFRMAffirm Holdings, Inc.0.25%$43.8m537.5KNew
BLZEBackblaze, Inc.0.25%$42.6m2.69MNew
LIVNLivanova PLC0.25%$42.4m516.1K−5.1% Reduced
MDGLMadrigal Pharmaceuticals, Inc.0.24%$41.9m78.1K−29.6% Reduced
LINDLindblad Expeditions Holdings, Inc.0.24%$41.4m1.47M+23.7% Added
MTDRMatador Resources Co0.24%$41.3m828.6K−30.3% Reduced
NPNeptune Insurance Holdings Inc.0.24%$40.9m1.30MNew
ATIATI Inc0.23%$40.4m205.1K−3.6% Reduced
TPRTapestry, Inc.0.23%$40.4m276.1K+1.3% Added
TDYTeledyne Technologies0.23%$39.5m59.3K+13.9% Added
RBRKRubrik, Inc.0.23%$39.5m492.2KNew
PSMTPricesmart Inc0.23%$39.2m200.5K+14.7% Added
DSGNDesign Therapeutics, Inc.0.22%$38.5m2.66M+52.5% Added
ECPGEncore Capital Group Inc0.22%$38.2m409.9KNew
LGNDLigand Pharmaceuticals Inc0.22%$37.5m118.5K+0.3%
TDWTidewater Inc0.22%$37.2m558.4K−26.4% Reduced
CLDXCelldex Therapeutics, Inc.0.21%$36.8m989.4KNew
FSSFederal Signal Corp0.21%$36.8m286.2K−15.7% Reduced
NEONeogenomics Inc0.21%$36.6m2.51M+45.7% Added
FCELFuelcell Energy Inc0.21%$36.5m1.01MNew
GHMGraham Corp0.21%$36.3m293.2K−14.5% Reduced
VSXYVictoria's Secret & Co.0.21%$36.2m434.2K−45.5% Reduced
AITApplied Industrial Technologies Inc0.21%$36.2m107.0K+74.1% Added
LECOLincoln Electric Holdings Inc0.21%$36.0m135.5K−5.7% Reduced
LPTHLightpath Technologies Inc0.21%$35.5m2.17M+0.3%
LGNLegence Corp.0.20%$34.8m408.4K−55.3% Reduced
PBFPBF Energy Inc.0.20%$34.5m757.7K+6.4% Added
THTarget Hospitality Corp.0.20%$34.2m1.68MNew
COMPCompass, Inc.0.20%$33.8m2.74M+12.9% Added
LEGNLegend Biotech Corp0.19%$33.5m1.16MNew
LEALear Corp0.19%$33.4m248.9KNew
CompanyBought (value)Shares
CRDOCredo Technology Group Holding Ltd$140.6m517.1K
VICRVicor Corp$116.6m307.0K
CDNSCadence Design Systems Inc$110.2m293.7K
DAVEDave Inc.$100.3m269.2K
ALABAstera Labs, Inc.$94.0m194.6K
SIMOSilicon Motion Technology Corp$92.0m276.1K
LTHLife Time Group Holdings, Inc.$90.5m2.22M
BANDBandwidth Inc.$87.9m1.39M
CIFRCipher Digital Inc.$86.9m3.55M
SEZLSezzle Inc.$81.7m476.0K
BROSDutch Bros Inc.$79.7m1.11M
FLYWFlywire Corp$79.2m4.51M
FROGJfrog Ltd$73.1m804.7K
FLNCFluence Energy, Inc.$71.1m3.58M
MELIMercadolibre Inc$68.1m40.1K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
FNFabrinet−$209.7m−373.1K
BEBloom Energy−$139.1m−459.5K
TSMTaiwan Semiconductor Manufacturing Co LTD−$133.9m−280.4K
LITELumentum−$125.5m−146.2K
COHRCoherent Corp.−$101.3m−256.7K
EYENational Vision Holdings, Inc.−$89.9m−3.47M
VSECVSE Corp−$89.7m−392.4K
YUMCYum China Holdings, Inc.−$89.3m−1.83M
BBIOBridgebio Pharma, Inc.−$85.2m−1.15M
FTAIFTAI Aviation Ltd.−$81.5m−301.3K
KRMNKarman Holdings Inc.−$78.2m−977.4K
AAOIApplied Optoelectronics, Inc.−$73.0m−492.9K
FTITechnipFMC plc−$71.9m−1.04M
CGONCG Oncology, Inc.−$67.7m−999.6K
IDCCInterdigital, Inc.−$64.5m−227.9K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
EYENational Vision Holdings, Inc.$89.9m3.47M
YUMCYum China Holdings, Inc.$89.3m1.83M
BBIOBridgebio Pharma, Inc.$85.2m1.15M
KRMNKarman Holdings Inc.$78.2m977.4K
FTITechnipFMC plc$71.9m1.04M
CGONCG Oncology, Inc.$67.7m999.6K
FLSFlowserve Corp$59.0m802.6K
MEOHMethanex Corp$58.0m974.1K
CAMTCamtek LTD$50.4m332.1K
RIGTransocean Ltd.$47.8m7.21M
SITESiteone Landscape Supply, Inc.$45.9m344.8K
TNLTravel & Leisure Co.$44.2m639.0K
AXONAxon Enterprise$40.4m95.1K
MKTXMarketaxess Holdings Inc$39.5m239.3K
CHRDChord Energy Corp$37.9m266.9K
OSISOSI Systems Inc$31.3m118.0K
EATBrinker International, Inc$30.8m215.5K
PPTAPerpetua Resources Corp.$30.5m1.09M
AEMAgnico Eagle Mines LTD$28.6m141.1K
PTENPatterson UTI Energy Inc$27.7m2.56M
GFFGriffon Corp$25.4m349.6K
JBTMJBT Marel Corp$25.0m195.8K
PATKPatrick Industries Inc$24.5m220.4K
CACICACI International Inc$24.0m44.1K
CAECAE Inc$23.4m899.9K
KTOSKratos Defense & Security Solutions, Inc.$23.3m330.0K
IBPInstalled Building Products, Inc.$22.6m85.3K
GWREGuidewire Software, Inc.$22.2m148.7K
AXTIAXT Inc$21.9m384.6K
LMATLemaitre Vascular Inc$21.5m197.2K
  • Health Care27.3%
  • Technology24.1%
  • Industrials23.4%
  • Consumer Discretionary7.2%
  • Financials7.1%
  • Materials4.7%
  • Energy3.4%
  • Consumer Staples1.5%
  • Communication Services0.9%
  • Utilities0.3%
  • Real Estate0.2%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+14.4%+14.1%0.620.78−43.7%1.20
2018 onwardsJanuary 5, 2018 to November 2, 2026+11.5%+13.9%0.440.66−43.7%1.21
Last three yearsNovember 3, 2023 to November 2, 2026+20.5%+21.8%0.721.16−30.4%1.39
Last yearNovember 7, 2025 to November 2, 2026+3.5%+14.2%0.100.84−18.9%1.37

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.