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Funds (13F)

Driehaus Capital Management LLC

Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+14.4%
S&P 500 +14.1%
Last 12 months
−0.6%
S&P 500 +12.1%
Sharpe ratio
0.62
S&P 500 0.78
Biggest drop
−43.7%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $59.4k$57.0k
StrategyS&P 500 $10,000 in Driehaus Capital Management LLC from 16 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Driehaus Capital Management LLC's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Driehaus Capital Management LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+14.4%+14.1%
Total return+494%+470%
Last 12 months−0.6%+12.1%
Last 3 months−11.4%—
Last month−12.8%—
This year so far−2.7%—
Volatility a year22.6%16.0%
Sharpe ratio0.620.78
Biggest drop−43.7%−31.8%
Beta to the S&P 5001.201.00
Alpha a year (t-statistic)−0.9% (−0.29)—
Share of weeks up59%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
TSM3.0%——
DFTX2.0%——
PRAX2.0%——
XENE1.7%——
SIMO1.7%——
SYRE1.6%——
GH1.5%——
PL1.4%——
EWTX1.2%——
VICR1.2%——
UCTT1.2%——
CW1.1%——
XMTR1.1%——
WULF1.0%——
SEPN0.9%——
NXT0.9%——
CRDO0.9%——
CRS0.9%——
LASR0.9%——
ONTO0.9%——
RSI0.8%——
SEI0.8%——
DAVE0.8%——
SRRK0.8%——
STRL0.8%——
BE0.8%——
PTCT0.8%——
LTH0.8%——
CDNL0.7%——
MOD0.7%——
NU0.7%——
SAIA0.7%——
CDNS0.7%——
ARWR0.7%——
VALE0.7%——
UTI0.7%——
SCCO0.7%——
KYMR0.7%——
TWST0.7%——
NTRA0.7%——
SNEX0.7%——
COHR0.7%——
ESE0.6%——
COCO0.6%——
MTSI0.6%——
INDV0.6%——
ALAB0.6%——
IMAX0.6%——
IMNM0.6%——
AXSM0.6%——
GKOS0.6%——
DOCN0.6%——
PTGX0.6%——
BAND0.6%——
DY0.6%——
CIFR0.6%——
ULS0.5%——
GPCR0.5%——
TVTX0.5%——
SEZL0.5%——
MWH0.5%——
EOSE0.5%——
BROS0.5%——
WT0.5%——
FLYW0.5%——
KNX0.5%——
CAVA0.5%——
ROAD0.5%——
FTAI0.5%——
FPS0.5%——
FROG0.5%——
FLNC0.5%——
LITE0.5%——
AEIS0.4%——
MELI0.4%——
SMTC0.4%——
ALM0.4%——
ALKS0.4%——
CCJ0.4%——
TEX0.4%——
MP0.4%——
GTX0.4%——
OPLN0.4%——
FIX0.4%——
VCYT0.4%——
ZWS0.4%——
ECG0.4%——
FCFS0.4%——
MRCY0.4%——
TSEM0.4%——
MBX0.4%——
BKU0.4%——
AAMI0.4%——
TTMI0.3%——
MYRG0.3%——
AMLX0.3%——
ADPT0.3%——
IDCC0.3%——
FIGS0.3%——
SN0.3%——
SAIL0.3%——
ENPH0.3%——
PENG0.3%——
SPXC0.3%——
CUBI0.3%——
TER0.3%——
TTI0.3%——
KGS0.3%——
INVX0.3%——
ICHR0.3%——
FIVN0.3%——
LINC0.3%——
PRM0.3%——
ENVA0.3%——
FEIM0.3%——
FSLY0.3%——
ORA0.3%——
KNSA0.3%——
COHU0.3%——
AFRM0.3%——
BLZE0.3%——
LIVN0.3%——
MDGL0.3%——
LIND0.3%——
MTDR0.3%——
NP0.3%——
ATI0.3%——
TPR0.3%——
TDY0.3%——
RBRK0.3%——
PSMT0.3%——
DSGN0.3%——
ECPG0.2%——
LGND0.2%——
TDW0.2%——
CLDX0.2%——
FSS0.2%——
NEO0.2%——
FCEL0.2%——
GHM0.2%——
VSXY0.2%——
AIT0.2%——
LECO0.2%——
LPTH0.2%——
LGN0.2%——
PBF0.2%——
TH0.2%——
COMP0.2%——
LEGN0.2%——
LEA0.2%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Aug 2013 to 2 Nov 2026+14.4%+14.1%0.620.78−43.7%1.20−0.9% (−0.29)
2018 onwards5 Jan 2018 to 2 Nov 2026+11.5%+13.9%0.440.66−43.7%1.21−3.0% (−0.67)
Last three years3 Nov 2023 to 2 Nov 2026+20.5%+21.8%0.721.16−30.4%1.39−5.5% (−0.71)
Last year7 Nov 2025 to 2 Nov 2026+3.5%+14.2%0.100.84−18.9%1.37−11.4% (−0.67)
DateCompanyAction
21 Aug 2026WYFIBought
21 Aug 2026WTTRBought
21 Aug 2026VOYGBought
21 Aug 2026VCYTBought
21 Aug 2026TWLOBought
21 Aug 2026TSSIBought
21 Aug 2026THBought
21 Aug 2026SYMBought
21 Aug 2026SPIRBought
21 Aug 2026SNOWBought
21 Aug 2026SIBought
21 Aug 2026SGMTBought
21 Aug 2026SEZLBought
21 Aug 2026SEDGBought
21 Aug 2026SAILBought
21 Aug 2026RZLTBought
21 Aug 2026RXOBought
21 Aug 2026RVMDBought
21 Aug 2026RRXBought
21 Aug 2026RBRKBought
21 Aug 2026PRSUBought
21 Aug 2026PRMBought
21 Aug 2026PENGBought
21 Aug 2026PDSBought
21 Aug 2026PBLSBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026YUMCSold
21 Aug 2026XZOSold
21 Aug 2026XERSSold
21 Aug 2026WMSSold
21 Aug 2026WLDNSold
21 Aug 2026VISNSold
21 Aug 2026VGSold
21 Aug 2026UUUUSold
21 Aug 2026USFDSold
21 Aug 2026ULTASold
21 Aug 2026TNLSold
21 Aug 2026TMDXSold
21 Aug 2026TATTSold
21 Aug 2026SXISold
21 Aug 2026SITESold
21 Aug 2026SGISold
21 Aug 2026RRCSold
21 Aug 2026RKTSold
21 Aug 2026RIGSold
21 Aug 2026RCATSold
21 Aug 2026QXOSold
21 Aug 2026PTENSold
21 Aug 2026PPTASold
21 Aug 2026PGENSold
21 Aug 2026PATKSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest