# NEXT CENTURY GROWTH INVESTORS LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1134007. Source: https://holderbook.com/funds/1134007-next-century-growth-investors-llc/

- Reported value: $1.9B
- Positions: 113
- Weight of the ten largest: 27.9%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| XOMETRY INC | [XMTR](https://holderbook.com/stocks/XMTR/) | $69.8M | 723,351 | 3.7% | 7 |
| LIGAND PHARMACEUTICALS INC | [LGND](https://holderbook.com/stocks/LGND/) | $62.8M | 198,542 | 3.3% | 2 |
| ALIGNMENT HEALTHCARE INC | [ALHC](https://holderbook.com/stocks/ALHC/) | $60.4M | 2,537,598 | 3.2% | 7 |
| ASTRONICS CORP | [ATRO](https://holderbook.com/stocks/ATRO/) | $60.4M | 743,086 | 3.2% | 22 |
| LINCOLN EDL SVCS CORP | [LINC](https://holderbook.com/stocks/LINC/) | $58.7M | 1,175,462 | 3.1% | 9 |
| MIRUM PHARMACEUTICALS INC | [MIRM](https://holderbook.com/stocks/MIRM/) | $49.2M | 420,213 | 2.6% | 8 |
| BILLIONTOONE INC | [BLLN](https://holderbook.com/stocks/BLLN/) | $43.7M | 364,467 | 2.3% | 3 |
| GLOBAL E ONLINE LTD | [GLBE](https://holderbook.com/stocks/GLBE/) | $40.7M | 1,171,927 | 2.2% | 13 |
| UNIVERSAL TECHNICAL INST INC | [UTI](https://holderbook.com/stocks/UTI/) | $40.6M | 949,379 | 2.2% | 9 |
| AXOGEN INC | [AXGN](https://holderbook.com/stocks/AXGN/) | $40.3M | 872,546 | 2.1% | 3 |
| AEHR TEST SYS | [AEHR](https://holderbook.com/stocks/AEHR/) | $39.5M | 410,731 | 2.1% | 4 |
| AGILYSYS INC | [AGYS](https://holderbook.com/stocks/AGYS/) | $38.3M | 366,052 | 2.0% | 5 |
| MYR GROUP INC | [MYRG](https://holderbook.com/stocks/MYRG/) | $36.8M | 73,541 | 2.0% | 12 |
| PARK AEROSPACE CORP | [PKE](https://holderbook.com/stocks/PKE/) | $36.5M | 957,571 | 1.9% | 4 |
| MAMAS CREATIONS INC | [MAMA](https://holderbook.com/stocks/MAMA/) | $35.5M | 1,990,717 | 1.9% | 9 |
| IPG PHOTONICS CORP | [IPGP](https://holderbook.com/stocks/IPGP/) | $31.8M | 270,752 | 1.7% | 1 |
| SAIA INC | [SAIA](https://holderbook.com/stocks/SAIA/) | $31.8M | 75,418 | 1.7% | 27 |
| ULTRA CLEAN HLDGS INC | [UCTT](https://holderbook.com/stocks/UCTT/) | $31.4M | 220,115 | 1.7% | 2 |
| RBC BEARINGS INC | [RBC](https://holderbook.com/stocks/RBC/) | $30.6M | 47,561 | 1.6% | 31 |
| GUARDANT HEALTH INC | [GH](https://holderbook.com/stocks/GH/) | $30.1M | 200,672 | 1.6% | 3 |
| FTAI AVIATION LTD | [FTAI](https://holderbook.com/stocks/FTAI/) | $28.9M | 106,992 | 1.5% | 9 |
| KNIGHT-SWIFT TRANSN HLDGS IN | [KNX](https://holderbook.com/stocks/KNX/) | $28.9M | 370,809 | 1.5% | 2 |
| ALMONTY INDS INC | [ALM](https://holderbook.com/stocks/ALM/) | $28.8M | 1,740,455 | 1.5% | 3 |
| INNODATA INC | [INOD](https://holderbook.com/stocks/INOD/) | $27.6M | 365,746 | 1.5% | 13 |
| VERICEL CORP | [VCEL](https://holderbook.com/stocks/VCEL/) | $27.3M | 612,584 | 1.4% | 2 |
| FORGENT POWER SOLUTIONS INC | [FPS](https://holderbook.com/stocks/FPS/) | $25.7M | 460,047 | 1.4% | 2 |
| COVENANT LOGISTICS GROUP INC | [CVLG](https://holderbook.com/stocks/CVLG/) | $24.4M | 551,906 | 1.3% | 2 |
| MACOM TECH SOLUTIONS HLDGS I | [MTSI](https://holderbook.com/stocks/MTSI/) | $24.3M | 63,773 | 1.3% | 28 |
| CARPENTER TECHNOLOGY CORP | [CRS](https://holderbook.com/stocks/CRS/) | $23.7M | 38,489 | 1.3% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $22.6M | 113,187 | 1.2% | 14 |
| IRHYTHM HOLDINGS INC | [IRTC](https://holderbook.com/stocks/IRTC/) | $22.3M | 187,064 | 1.2% | 6 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $22.0M | 26,209 | 1.2% | 9 |
| LATTICE SEMICONDUCTOR CORP | [LSCC](https://holderbook.com/stocks/LSCC/) | $21.4M | 139,866 | 1.1% | 25 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $21.3M | 59,493 | 1.1% | 31 |
| ARTERIS INC | [AIP](https://holderbook.com/stocks/AIP/) | $21.2M | 437,179 | 1.1% | 9 |
| JFROG LTD | [FROG](https://holderbook.com/stocks/FROG/) | $21.0M | 230,703 | 1.1% | 6 |
| HEARTFLOW INC | [HTFL](https://holderbook.com/stocks/HTFL/) | $19.7M | 671,404 | 1.0% | 2 |
| PAYMENTUS HOLDINGS INC | [PAY](https://holderbook.com/stocks/PAY/) | $18.7M | 772,520 | 1.0% | 12 |
| SITIME CORP | [SITM](https://holderbook.com/stocks/SITM/) | $17.8M | 23,825 | 0.9% | 6 |
| SILVACO GROUP INC | [SVCO](https://holderbook.com/stocks/SVCO/) | $17.4M | 1,260,902 | 0.9% | 2 |
| DPC HOLDINGS PLC | [DPC](https://holderbook.com/stocks/DPC/) | $17.0M | 347,007 | 0.9% | 1 |
| ORION GROUP HLDGS INC | [ORN](https://holderbook.com/stocks/ORN/) | $16.6M | 988,549 | 0.9% | 9 |
| BRAZE INC | [BRZE](https://holderbook.com/stocks/BRZE/) | $16.2M | 747,301 | 0.9% | 1 |
| ICHOR HOLDINGS | [ICHR](https://holderbook.com/stocks/ICHR/) | $16.0M | 142,610 | 0.8% | 2 |
| BIOLIFE SOLUTIONS INC | [BLFS](https://holderbook.com/stocks/BLFS/) | $15.8M | 558,829 | 0.8% | 8 |
| OUSTER INC | [OUST](https://holderbook.com/stocks/OUST/) | $15.8M | 252,227 | 0.8% | 1 |
| FREQUENCY ELECTRS INC | [FEIM](https://holderbook.com/stocks/FEIM/) | $15.3M | 230,728 | 0.8% | 4 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $15.0M | 51,841 | 0.8% | 31 |
| DUTCH BROS INC | [BROS](https://holderbook.com/stocks/BROS/) | $14.6M | 203,529 | 0.8% | 9 |
| TACTILE SYS TECHNOLOGY INC | [TCMD](https://holderbook.com/stocks/TCMD/) | $14.3M | 480,207 | 0.8% | 3 |
| AAON INC | [AAON](https://holderbook.com/stocks/AAON/) | $14.0M | 110,031 | 0.7% | 4 |
| ADAPTIVE BIOTECHNOLOGIES COR | [ADPT](https://holderbook.com/stocks/ADPT/) | $13.1M | 609,830 | 0.7% | 4 |
| DIGITALOCEAN HLDGS INC | [DOCN](https://holderbook.com/stocks/DOCN/) | $12.5M | 79,607 | 0.7% | 1 |
| M-TRON INDS INC | [MPTI](https://holderbook.com/stocks/MPTI/) | $12.3M | 124,173 | 0.7% | 7 |
| MARTEN TRANS LTD | [MRTN](https://holderbook.com/stocks/MRTN/) | $12.1M | 699,305 | 0.6% | 2 |
| MAXLINEAR INC | [MXL](https://holderbook.com/stocks/MXL/) | $12.0M | 93,598 | 0.6% | 1 |
| KESTRA MED TECHNOLOGIES LTD | [KMTS](https://holderbook.com/stocks/KMTS/) | $11.7M | 458,505 | 0.6% | 4 |
| ASTRONICS CORP CL B | [ATROB](https://holderbook.com/stocks/ATROB/) | $11.6M | 152,050 | 0.6% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $11.2M | 29,740 | 0.6% | 6 |
| BACKBLAZE INC | [BLZE](https://holderbook.com/stocks/BLZE/) | $10.9M | 687,498 | 0.6% | 1 |
| MODINE MFG CO | [MOD](https://holderbook.com/stocks/MOD/) | $10.9M | 40,689 | 0.6% | 2 |
| WILLDAN GROUP INC | [WLDN](https://holderbook.com/stocks/WLDN/) | $10.0M | 126,407 | 0.5% | 1 |
| VELO3D INC | [VELO](https://holderbook.com/stocks/VELO/) | $9.7M | 553,356 | 0.5% | 1 |
| SI-BONE INC | [SIBN](https://holderbook.com/stocks/SIBN/) | $9.6M | 585,289 | 0.5% | 5 |
| LOAR HOLDINGS INC | [LOAR](https://holderbook.com/stocks/LOAR/) | $9.4M | 116,817 | 0.5% | 9 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $8.7M | 23,404 | 0.5% | 3 |
| EQUIPMENTSHARE COM INC | [EQPT](https://holderbook.com/stocks/EQPT/) | $8.4M | 429,623 | 0.4% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $8.2M | 21,862 | 0.4% | 31 |
| KARMAN HLDGS INC | [KRMN](https://holderbook.com/stocks/KRMN/) | $8.1M | 162,015 | 0.4% | 4 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $7.9M | 10,860 | 0.4% | 2 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $7.7M | 7,625 | 0.4% | 11 |
| STANDARDAERO INC | [SARO](https://holderbook.com/stocks/SARO/) | $7.5M | 251,383 | 0.4% | 7 |
| GRAHAM CORP | [GHM](https://holderbook.com/stocks/GHM/) | $7.5M | 60,499 | 0.4% | 1 |
| APPLIED OPTOELECTRONICS INC | [AAOI](https://holderbook.com/stocks/AAOI/) | $7.4M | 49,989 | 0.4% | 3 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $7.1M | 26,283 | 0.4% | 8 |
| MP MATERIALS CORP | [MP](https://holderbook.com/stocks/MP/) | $6.9M | 122,580 | 0.4% | 4 |
| BRIDGEWATER BANCSHARES INC | [BWB](https://holderbook.com/stocks/BWB/) | $6.7M | 318,380 | 0.4% | 7 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $6.7M | 8,735 | 0.4% | 11 |
| TEREX CORP NEW | [TEX](https://holderbook.com/stocks/TEX/) | $6.2M | 85,033 | 0.3% | 2 |
| ONCE UPON A FARM PBC | [OFRM](https://holderbook.com/stocks/OFRM/) | $6.1M | 296,084 | 0.3% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $5.9M | 10,218 | 0.3% | 3 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $5.5M | 16,501 | 0.3% | 11 |
| OLLIES BARGAIN OUTLET HLDGS | [OLLI](https://holderbook.com/stocks/OLLI/) | $5.4M | 69,625 | 0.3% | 8 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $5.3M | 4,932 | 0.3% | 5 |
| PLANET LABS PBC | [PL](https://holderbook.com/stocks/PL/) | $5.0M | 151,686 | 0.3% | 4 |
| KOPIN CORP | [KOPN](https://holderbook.com/stocks/KOPN/) | $4.8M | 1,071,652 | 0.3% | 2 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $4.5M | 39,505 | 0.2% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $4.3M | 7,653 | 0.2% | 14 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $4.3M | 12,553 | 0.2% | 31 |
| BOOST RUN INC | [BRUNW](https://holderbook.com/stocks/BRUNW/) | $4.1M | 105,506 | 0.2% | 1 |
| GLAUKOS CORP | [GKOS](https://holderbook.com/stocks/GKOS/) | $4.0M | 28,765 | 0.2% | 1 |
| CAVA GROUP INC | [CAVA](https://holderbook.com/stocks/CAVA/) | $4.0M | 51,018 | 0.2% | 2 |
| UNUSUAL MACHS INC | [UMAC](https://holderbook.com/stocks/UMAC/) | $3.9M | 176,254 | 0.2% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $3.8M | 3,276 | 0.2% | 4 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $3.8M | 5,291 | 0.2% | 31 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $3.6M | 36,151 | 0.2% | 4 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $3.3M | 8,418 | 0.2% | 9 |
| AXON ENTERPRISE INC | [AXON](https://holderbook.com/stocks/AXON/) | $2.8M | 5,053 | 0.2% | 7 |
| EVOLV TECHNOLOGIES HLDNGS IN | [EVLV](https://holderbook.com/stocks/EVLV/) | $2.8M | 485,360 | 0.1% | 4 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $2.8M | 20,254 | 0.1% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +40.1% | +14.8% | +25.3% | 100% |
| Q1 2026 | -2.6% | -4.6% | +2.0% | 100% |
| Q4 2025 | +4.8% | +2.4% | +2.5% | 100% |
| Q3 2025 | +3.0% | +7.8% | -4.8% | 99% |
| Q2 2025 | +15.9% | +10.5% | +5.4% | 99% |
| Q1 2025 | -14.3% | -4.6% | -9.7% | 100% |
| Q4 2024 | +8.4% | +2.1% | +6.2% | 100% |
| Q3 2024 | +4.1% | +5.4% | -1.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.9B | 113 |
| Q1 2026 | $1.4B | 112 |
| Q4 2025 | $1.4B | 121 |
| Q3 2025 | $1.4B | 124 |
| Q2 2025 | $1.3B | 123 |
| Q1 2025 | $1.1B | 122 |
| Q4 2024 | $1.3B | 130 |
| Q3 2024 | $1.2B | 127 |
| Q2 2024 | $1.2B | 122 |
| Q1 2024 | $1.2B | 120 |
| Q4 2023 | $1.0B | 116 |
| Q3 2023 | $919.5M | 109 |