Driehaus Capital Management LLC

CIK

938206

Location

Chicago, IL

Portfolio Value

Large $13,767,997,102

Diversification

Diversified

Filing Date

Global Rank

#347 / 7,976 ▲ 23

Top Industry

Biotechnology 14.1%

3Y Alpha vs SPY

+3.3%

Period ended 9 months ago

Filed Nov 14, 2025 · 7mo

23 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+90.6%

SPY

+74.2%

Annualised alpha

+3.7%

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, 2025

Top Position

4.6%

−0.3 pts

Top 5

10.3%

−0.9 pts

Top 10

15.8%

−1.4 pts

HHI

Diversified−7

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Industrials	23.6%	$3,254,182,854	79
Technology	22.3%	$3,065,159,718	64
Healthcare	19.4%	$2,665,334,323	84
Consumer Cyclical	9.6%	$1,326,975,095	43
Financial Services	9.2%	$1,267,941,429	44
Energy	4.9%	$678,414,430	16
Basic Materials	4.7%	$641,652,402	20
Consumer Defensive	4.1%	$565,438,141	21
Communication Services	1.9%	$258,389,147	15
Utilities	0.3%	$38,466,138	5
Unclassified	0.0%	$4,920,312	2
Real Estate	0.0%	$1,123,113	2

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
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
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
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
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.

Portfolio Positions

Compact Export CSV View 13F filing

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 51–100 of 395 positions by value · page 2 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CHT	Chunghwa Telecom Co Ltd Communication Services	Held	36,471	0	$1,590,865	−6.4%	0.01%
LRMR	Larimar Therapeutics, Inc. Healthcare	Held	535,464	0	$1,729,548	+11.8%	0.01%
ORIC	Oric Pharmaceuticals, Inc. Healthcare	NEW	148,778	NEW	$1,785,336	NEW	0.01%
OVID	Ovid Therapeutics Inc. Healthcare	Held	1,400,191	0	$1,820,248	+293.9%	0.01%
TARA	Protara Therapeutics, Inc. Healthcare	NEW	444,444	NEW	$1,933,331	NEW	0.01%
GDS	GDS Holdings Ltd Technology	Reduced	51,576	-2,428	$1,995,991	+20.9%	0.01%
VIST	Vista Energy, S.A.B. de C.V. Energy	Added	59,186	+6,168	$2,035,998	−19.7%	0.01%
JPM	Jpmorgan Chase & Co Financial Services	Held	6,559	0	$2,068,905	+8.8%	0.02%
GEV	GE Vernova Inc. Industrials	NEW	3,379	NEW	$2,077,747	NEW	0.02%
DQ	Daqo New Energy Corp. Technology	NEW	73,970	NEW	$2,080,776	NEW	0.02%
AAPL	Apple Inc. Technology	Added	8,210	+4,873	$2,090,512	+205.3%	0.02%
RZLT	Rezolute, Inc. Healthcare	Held	233,000	0	$2,190,200	+110.8%	0.02%
META	Meta Platforms, Inc. Communication Services	Added	3,005	+563	$2,206,811	+22.4%	0.02%
BHP	BHP Group Ltd Basic Materials	Added	41,800	+17,960	$2,330,350	+103.3%	0.02%
SKYE	Skye Bioscience, Inc. Healthcare	Held	620,395	0	$2,438,152	−6.0%	0.02%
SION	Sionna Therapeutics, Inc. Healthcare	Held	83,850	0	$2,466,028	+69.5%	0.02%
VINP	Vinci Compass Investments Ltd. Financial Services	Added	278,878	+15,152	$2,997,938	+17.6%	0.02%
MSFT	Microsoft Corp Technology	Reduced	5,833	-1,289	$3,021,202	−14.7%	0.02%
GSHR	Gesher Acquisition Corp. II Financial Services	Reduced	317,974	-82,026	$3,227,436	−20.5%	0.02%
GOOGL	Alphabet Inc. Communication Services	Added	14,296	+5,290	$3,475,357	+119.0%	0.03%
CBIO	Crescent Biopharma, Inc. Healthcare	Held	302,457	0	$3,596,213	−26.3%	0.03%
BLFY	Blue Foundry Bancorp Financial Services	Reduced	400,997	-916,053	$3,645,062	−71.1%	0.03%
WLAC	Willow Lane Acquisition Corp. Financial Services	NEW	319,667	NEW	$3,701,743	NEW	0.03%
YMM	Full Truck Alliance Co. Ltd. Technology	Reduced	286,309	-5,660,779	$3,713,427	−94.7%	0.03%
NHIC	NewHold Investment Corp. III	Reduced	369,986	-83,027	$3,766,457	−18.2%	0.03%
NVDA	Nvidia Corp Technology	Reduced	21,146	-3,899	$3,945,420	−0.3%	0.03%
TACO	Berto Acquisition Corp. Financial Services	Reduced	395,129	-36,283	$4,109,341	−8.6%	0.03%
PENN	PENN Entertainment, Inc. Consumer Cyclical	Reduced	228,679	-44,409	$4,404,357	−9.7%	0.03%
ONC	BeOne Medicines Ltd. Healthcare	Reduced	13,361	-184,842	$4,552,092	−90.5%	0.03%
LUCK	Lucky Strike Entertainment Corp Consumer Cyclical	Reduced	459,178	-114,979	$4,701,982	−10.3%	0.03%
GDEN	NEW ROYAL HOLDCO I INC. Consumer Cyclical	Reduced	219,125	-51,762	$5,166,967	−35.2%	0.04%
GXO	GXO Logistics, Inc. Industrials	Reduced	98,918	-28,727	$5,231,773	−15.8%	0.04%
MNPR	Monopar Therapeutics Healthcare	NEW	64,636	NEW	$5,278,822	NEW	0.04%
ATII	Archimedes Tech SPAC Partners II Co. Financial Services	Reduced	573,083	-91,215	$5,851,177	−13.9%	0.04%
OCUL	Ocular Therapeutix, Inc Healthcare	NEW	518,754	NEW	$6,064,234	NEW	0.04%
MMYT	MakeMyTrip Ltd Consumer Cyclical	NEW	65,323	NEW	$6,114,232	NEW	0.04%
LRCX	Lam Research Corp Technology	Reduced	45,663	-529,872	$6,114,275	−89.1%	0.04%
BRCB	Black Rock Coffee Bar, Inc. Consumer Cyclical	NEW	265,303	NEW	$6,330,129	NEW	0.05%
JCAP	Jefferson Capital, Inc. / DE Financial Services	Reduced	375,872	-24,128	$6,487,550	−12.1%	0.05%
ATAT	Atour Lifestyle Holdings Ltd Consumer Cyclical	NEW	176,832	NEW	$6,647,114	NEW	0.05%
CRCL	Circle Internet Group, Inc. Financial Services	Reduced	50,194	-4,303	$6,654,720	−32.6%	0.05%
CPS	Cooper-Standard Holdings Inc. Consumer Cyclical	NEW	180,614	NEW	$6,670,075	NEW	0.05%
PGEN	Precigen, Inc. Healthcare	NEW	2,042,510	NEW	$6,719,857	NEW	0.05%
CRML	Critical Metals Corp. Basic Materials	NEW	1,125,784	NEW	$7,002,376	NEW	0.05%
PIPR	Piper Sandler Companies Financial Services	NEW	81,524	NEW	$7,072,003	NEW	0.05%
AMRC	Ameresco, Inc. Industrials	NEW	214,699	NEW	$7,209,592	NEW	0.05%
ANIP	Ani Pharmaceuticals Inc Healthcare	NEW	78,814	NEW	$7,219,362	NEW	0.05%
WSC	WillScot Holdings Corp Industrials	Reduced	343,040	-21,385	$7,241,574	−27.5%	0.05%
UTI	Universal Technical Institute Inc Consumer Defensive	Reduced	225,233	-623,443	$7,331,334	−74.5%	0.05%
GFI	Gold Fields Ltd Basic Materials	Added	175,469	+86,460	$7,362,679	+249.5%	0.05%