Driehaus Capital Management LLC
Filing Date
Global Rank
#347
/ 7,976
▲ 23
Top Industry
Biotechnology
14.1%
3Y Alpha vs SPY
+2.9%
Period ended 9 months ago
Filed Nov 14, 2025 · 7mo
23 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+90.0%
SPY
+76.5%
Annualised alpha
+3.0%
Max drawdown
−32.5%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
395 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025Top Position
4.6%
−0.3 pts
Top 5
10.3%
−0.9 pts
Top 10
15.8%
−1.4 pts
HHI
73
Diversified−7
Portfolio Trend
23 quarters · across all stocks
Sector Breakdown
As of Sep 30, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Industrials | 23.6% | $3,254,182,854 |
| Technology | 22.3% | $3,065,159,718 |
| Healthcare | 19.4% | $2,665,334,323 |
| Consumer Cyclical | 9.6% | $1,326,975,095 |
| Financial Services | 9.2% | $1,267,941,429 |
| Energy | 4.9% | $678,414,430 |
| Basic Materials | 4.7% | $641,652,402 |
| Consumer Defensive | 4.1% | $565,438,141 |
| Communication Services | 1.9% | $258,389,147 |
| Utilities | 0.3% | $38,466,138 |
| Unclassified | 0.0% | $4,920,312 |
| Real Estate | 0.0% | $1,123,113 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PL | Planet Labs PBC | +8,310,284 | 14,372,467 | $186,554,621 | |
| GRAB | Grab Holdings Ltd | +7,317,462 | 7,700,582 | $46,357,503 | |
| WULF | Terawulf Inc. | +5,652,461 | 9,006,964 | $102,859,528 | |
| VALE | Vale S.A. | +4,041,775 | 8,186,514 | $88,905,542 | |
| RSI | Rush Street Interactive, Inc. | +1,823,744 | 4,033,625 | $82,608,640 | |
| HDB | Hdfc Bank Ltd | +1,775,684 | 3,205,345 | $109,494,585 | |
| REAL | TheRealReal, Inc. | +1,425,006 | 3,094,432 | $32,893,812 | |
| EYE | National Vision Holdings, Inc. | +1,267,788 | 2,256,000 | $65,852,640 | |
| QBTS | D-Wave Quantum Inc. | +1,234,071 | 2,443,818 | $60,386,742 | |
| ABCL | AbCellera Biologics Inc. | +1,227,019 | 1,726,941 | $8,686,513 | |
| AMLX | Amylyx Pharmaceuticals, Inc. | +1,155,770 | 2,420,767 | $32,898,223 | |
| TDUP | ThredUp Inc. | +1,128,668 | 2,502,219 | $23,645,969 | |
| NU | Nu Holdings Ltd. | +876,435 | 4,016,759 | $64,308,311 | |
| SRRK | Scholar Rock Holding Corp | +846,444 | 2,023,959 | $75,372,233 | |
| XMTR | Xometry, Inc. | +768,328 | 1,497,085 | $81,546,219 | |
| ASTS | AST SpaceMobile, Inc. | +680,268 | 1,025,758 | $50,344,202 | |
| SWIM | Latham Group, Inc. | +663,509 | 2,117,550 | $16,114,555 | |
| IAG | Iamgold Corp | +653,738 | 2,888,177 | $37,344,128 | |
| CAE | Cae Inc | +603,600 | 1,232,400 | $36,528,336 | |
| ADPT | Adaptive Biotechnologies Corp | +596,350 | 3,019,940 | $45,178,302 | |
| CPA | Copa Holdings, S.A. | +577,673 | 654,390 | $77,754,619 | |
| XERS | Xeris Biopharma Holdings, Inc. | +548,054 | 2,619,129 | $21,319,710 | |
| SMR | NUSCALE POWER Corp | +534,145 | 915,975 | $32,975,100 | |
| ARLO | Arlo Technologies, Inc. | +487,513 | 2,485,483 | $42,128,936 | |
| NXE | NexGen Energy Ltd. | +484,055 | 3,844,119 | $34,404,865 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| YMM | Full Truck Alliance Co. Ltd. | −5,660,779 | 286,309 | $3,713,427 | |
| CORZ | Core Scientific, Inc./tx | −1,814,692 | 3,935,066 | $70,595,084 | |
| MOS | Mosaic Co | −1,561,934 | 390,477 | $13,541,742 | |
| SEI | Solaris Energy Infrastructure, Inc. | −1,282,827 | 961,547 | $38,433,033 | |
| MGNI | Magnite, Inc. | −1,265,882 | 1,516,296 | $33,024,926 | |
| ITUB | Itau Unibanco Holding S.A. | −1,188,489 | 10,590,674 | $75,471,261 | |
| STNE | StoneCo Ltd. | −1,178,141 | 5,065,011 | $95,779,358 | |
| LTH | Life Time Group Holdings, Inc. | −1,127,227 | 1,675,467 | $46,242,889 | |
| UEC | Uranium Energy Corp | −1,078,861 | 9,487,816 | $126,567,465 | |
| KTOS | Kratos Defense & Security Solutions, Inc. | −965,607 | 911,297 | $83,265,206 | |
| BLFY | Blue Foundry Bancorp | −916,053 | 400,997 | $3,645,062 | |
| CCJ | Cameco Corp | −915,805 | 1,747,262 | $146,525,391 | |
| NTNX | Nutanix, Inc. | −814,129 | 169,364 | $12,598,987 | |
| SRAD | Sportradar Group AG | −760,972 | 2,280,929 | $61,356,990 | |
| SKWD | Skyward Specialty Insurance Group, Inc. | −724,296 | 656,743 | $31,234,697 | |
| BROS | Dutch Bros Inc. | −716,013 | 743,789 | $38,929,916 | |
| AR | ANTERO RESOURCES Corp | −707,609 | 386,490 | $12,970,604 | |
| UTI | Universal Technical Institute Inc | −623,443 | 225,233 | $7,331,334 | |
| CRDO | Credo Technology Group Holding Ltd | −586,886 | 877,110 | $127,715,987 | |
| AAOI | Applied Optoelectronics, Inc. | −565,617 | 375,296 | $9,731,425 | |
| LRCX | Lam Research Corp | −529,872 | 45,663 | $6,114,275 | |
| ALAB | Astera Labs, Inc. | −521,055 | 825,269 | $161,587,670 | |
| PRCH | Porch Group, Inc. | −510,329 | 2,678,509 | $44,945,381 | |
| IBN | Icici Bank Ltd | −507,612 | 5,359,266 | $162,010,611 | |
| EOSE | Eos Energy Enterprises, Inc. | −476,450 | 6,565,509 | $74,781,147 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| PI | Impinj Inc | 514,500 | $92,995,875 | |
| BE | Bloom Energy Corp | 1,087,724 | $91,988,818 | |
| ARWR | Arrowhead Pharmaceuticals, Inc. | 2,099,398 | $72,408,237 | |
| IBP | Installed Building Products, Inc. | 228,621 | $56,391,655 | |
| MP | MP Materials Corp. / DE | 829,122 | $55,609,212 | |
| ECG | Everus Construction Group, Inc. | 647,847 | $55,552,880 | |
| MDGL | Madrigal Pharmaceuticals, Inc. | 115,974 | $53,192,634 | |
| VC | Visteon Corp | 429,512 | $51,481,308 | |
| THO | Thor Industries Inc | 430,044 | $44,591,262 | |
| HUT | Hut 8 Corp. | 1,267,787 | $44,131,665 | |
| OUST | Ouster, Inc. | 1,523,469 | $41,209,836 | |
| SITE | SiteOne Landscape Supply, Inc. | 308,956 | $39,793,532 | |
| USAR | USA Rare Earth, Inc. | 2,305,217 | $39,626,680 | |
| LIVN | LivaNova PLC | 743,442 | $38,941,491 | |
| WYFI | WhiteFiber, Inc. | 1,366,227 | $37,120,387 | |
| TNL | Travel & Leisure Co. | 556,866 | $33,127,958 | |
| AMPX | Amprius Technologies, Inc. | 3,090,669 | $32,513,837 | |
| SMTC | Semtech Corp | 447,036 | $31,940,722 | |
| IESC | IES Holdings, Inc. | 80,072 | $31,840,630 | |
| VRNS | Varonis Systems Inc | 551,702 | $31,706,313 | |
| AMBA | Ambarella Inc | 381,131 | $31,450,930 | |
| HBM | Hudbay Minerals Inc. | 2,053,547 | $31,131,772 | |
| QFIN | Qfin Holdings, Inc. | 1,041,340 | $29,969,765 | |
| EVLV | Evolv Technologies Holdings, Inc. | 3,842,967 | $29,014,400 | |
| CUBI | Customers Bancorp, Inc. | 426,274 | $27,865,531 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| UPST | Upstart Holdings, Inc. | 1,271,891 | $82,265,909 | |
| PLMR | Palomar Holdings, Inc. | 474,922 | $73,256,718 | |
| DRS | Leonardo DRS, Inc. | 1,563,245 | $72,659,627 | |
| ARM | Arm Holdings PLC /Uk | 437,769 | $70,804,758 | |
| MNDY | monday.com Ltd. | 202,183 | $63,582,509 | |
| SFM | Sprouts Farmers Market, Inc. | 378,383 | $62,296,977 | |
| ALKT | Alkami Technology, Inc. | 2,044,303 | $61,615,292 | |
| LOAR | Loar Holdings Inc. | 670,439 | $57,771,728 | |
| GKOS | GLAUKOS Corp | 500,472 | $51,693,752 | |
| AVPT | AvePoint, Inc. | 2,650,323 | $51,177,737 | |
| ACVA | ACV Auctions Inc. | 2,801,374 | $45,438,286 | |
| ADMA | Adma Biologics, Inc. | 2,477,013 | $45,106,406 | |
| KNF | Knife River Corp | 540,385 | $44,117,031 | |
| CAVA | Cava Group, Inc. | 476,772 | $40,158,505 | |
| AGI | Alamos Gold Inc | 1,484,557 | $39,429,833 | |
| EXLS | ExlService Holdings, Inc. | 836,131 | $36,614,176 | |
| BRBR | Bellring Brands, Inc. | 598,558 | $34,674,464 | |
| TWLO | Twilio Inc | 268,404 | $33,378,721 | |
| CAKE | Cheesecake Factory Inc | 507,614 | $31,807,093 | |
| ESAB | ESAB Corp | 263,442 | $31,757,933 | |
| MRX | Marex Group plc | 753,652 | $29,746,644 | |
| BV | BrightView Holdings, Inc. | 1,756,476 | $29,245,325 | |
| TGTX | Tg Therapeutics, Inc. | 807,833 | $29,073,909 | |
| SLDE | Slide Insurance Holdings, Inc. | 1,120,201 | $24,263,553 | |
| HWM | Howmet Aerospace Inc. | 117,859 | $21,937,095 | |
| No positions match the current search. | ||||
395 positions ·
$13,767,997,102 total
· as of Sep 30, 2025
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 395 positions by value
· page 1 of 8
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Reduced | 2,243,388 | $626,555,834 | 4.55% | |
| CRNX |
Crinetics Pharmaceuticals, Inc.
Healthcare
|
Added | 6,481,613 | $269,959,181 | 1.96% | |
| PL |
Planet Labs PBC
Industrials
|
Added | 14,372,467 | $186,554,621 | 1.35% | |
| SITM |
SITIME Corp
Technology
|
Added | 575,208 | $173,315,922 | 1.26% | |
| XENE |
Xenon Pharmaceuticals Inc.
Healthcare
|
Reduced | 4,169,114 | $167,389,927 | 1.22% | |
| IBN |
Icici Bank Ltd
Financial Services
|
Reduced | 5,359,266 | $162,010,611 | 1.18% | |
| ALAB |
Astera Labs, Inc.
Technology
|
Reduced | 825,269 | $161,587,670 | 1.17% | |
| CCJ |
Cameco Corp
Energy
|
Reduced | 1,747,262 | $146,525,391 | 1.06% | |
| CW |
Curtiss Wright Corp
Industrials
|
Reduced | 268,835 | $145,961,274 | 1.06% | |
| RYTM |
Rhythm Pharmaceuticals, Inc.
Healthcare
|
Added | 1,383,775 | $139,747,437 | 1.02% | |
| FN |
Fabrinet
Technology
|
Added | 373,436 | $136,162,234 | 0.99% | |
| GH |
Guardant Health, Inc.
Healthcare
|
Reduced | 2,152,315 | $134,476,641 | 0.98% | |
| CRDO |
Credo Technology Group Holding Ltd
Technology
|
Reduced | 877,110 | $127,715,987 | 0.93% | |
| UEC |
Uranium Energy Corp
Energy
|
Reduced | 9,487,816 | $126,567,465 | 0.92% | |
| STRL |
Sterling Infrastructure, Inc.
Industrials
|
Reduced | 357,683 | $121,497,761 | 0.88% | |
| CVLT |
Commvault Systems Inc
Technology
|
Added | 638,119 | $120,464,104 | 0.87% | |
| CVNA |
Carvana Co.
Consumer Cyclical
|
Reduced | 317,908 | $119,927,613 | 0.87% | |
| AXON |
Axon Enterprise, Inc.
Industrials
|
Reduced | 164,990 | $118,403,423 | 0.86% | |
| BAP |
Credicorp Ltd
Financial Services
|
Added | 442,153 | $117,736,500 | 0.86% | |
| IDCC |
InterDigital, Inc.
Technology
|
Added | 330,138 | $113,973,541 | 0.83% | |
| ROAD |
Construction Partners, Inc.
Industrials
|
Reduced | 893,323 | $113,452,021 | 0.82% | |
| KRMN |
Karman Holdings Inc.
Industrials
|
Reduced | 1,553,648 | $112,173,385 | 0.81% | |
| LEU |
Centrus Energy Corp
Energy
|
Added | 359,426 | $111,447,219 | 0.81% | |
| HDB |
Hdfc Bank Ltd
Financial Services
|
Added | 3,205,345 | $109,494,585 | 0.80% | |
| FTAI |
FTAI Aviation Ltd.
Industrials
|
Added | 655,078 | $109,306,315 | 0.79% | |
| AVAV |
AeroVironment Inc
Industrials
|
Added | 334,244 | $105,250,093 | 0.76% | |
| WULF |
Terawulf Inc.
Financial Services
|
Added | 9,006,964 | $102,859,528 | 0.75% | |
| CR |
Crane Co
Industrials
|
Reduced | 538,345 | $99,130,848 | 0.72% | |
| LITE |
Lumentum Holdings Inc.
Technology
|
Reduced | 607,082 | $98,778,312 | 0.72% | |
| STNE |
StoneCo Ltd.
Technology
|
Reduced | 5,065,011 | $95,779,358 | 0.70% | |
| MOD |
Modine Manufacturing Co
Consumer Cyclical
|
Added | 672,948 | $95,666,287 | 0.69% | |
| NTRA |
Natera, Inc.
Healthcare
|
Reduced | 586,168 | $94,355,462 | 0.69% | |
| PI |
Impinj Inc
Technology
|
NEW | 514,500 | $92,995,875 | 0.68% | |
| SEPN |
Septerna, Inc.
Healthcare
|
Added | 4,919,896 | $92,543,243 | 0.67% | |
| BE |
Bloom Energy Corp
Industrials
|
NEW | 1,087,724 | $91,988,818 | 0.67% | |
| SCCO |
Southern Copper Corp/
Basic Materials
|
Reduced | 747,731 | $89,309,962 | 0.65% | |
| VALE |
Vale S.A.
Basic Materials
|
Added | 8,186,514 | $88,905,542 | 0.65% | |
| BBIO |
BridgeBio Pharma, Inc.
Healthcare
|
Reduced | 1,662,069 | $86,327,863 | 0.63% | |
| APGE |
Apogee Therapeutics, Inc.
Healthcare
|
Reduced | 2,158,502 | $85,757,284 | 0.62% | |
| KTOS |
Kratos Defense & Security Solutions, Inc.
Industrials
|
Reduced | 911,297 | $83,265,206 | 0.60% | |
| TMDX |
TransMedics Group, Inc.
Healthcare
|
Reduced | 738,158 | $82,821,327 | 0.60% | |
| LOPE |
Grand Canyon Education, Inc.
Consumer Defensive
|
Added | 377,134 | $82,788,455 | 0.60% | |
| HCI |
HCI Group, Inc.
Financial Services
|
Reduced | 430,783 | $82,680,181 | 0.60% | |
| RSI |
Rush Street Interactive, Inc.
Consumer Cyclical
|
Added | 4,033,625 | $82,608,640 | 0.60% | |
| XMTR |
Xometry, Inc.
Industrials
|
Added | 1,497,085 | $81,546,219 | 0.59% | |
| RKLB |
Rocket Lab Corp
Industrials
|
Reduced | 1,678,106 | $80,398,058 | 0.58% | |
| CLS |
Celestica Inc
Technology
|
Reduced | 318,472 | $78,465,131 | 0.57% | |
| BOOT |
Boot Barn Holdings, Inc.
Consumer Cyclical
|
Added | 473,343 | $78,442,401 | 0.57% | |
| PAAS |
Pan American Silver Corp
Basic Materials
|
Added | 2,024,855 | $78,422,634 | 0.57% | |
| CPA |
Copa Holdings, S.A.
Industrials
|
Added | 654,390 | $77,754,619 | 0.56% |