NEXT CENTURY GROWTH INVESTORS LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| XOMETRY INC | XMTR | $69.8M | 723,351 | +1.37pp | 7q | -8.1%-$6.2M | |
| LIGAND PHARMACEUTICALS INC | LGND | $62.8M | 198,542 | +1.94pp | 2q | +107.1%+$32.5M | |
| ALIGNMENT HEALTHCARE INC | ALHC | $60.4M | 2,537,598 | +0.31pp | 7q | +12.2%+$6.6M | |
| ASTRONICS CORP | ATRO | $60.4M | 743,086 | -0.60pp | 22q | -5.5%-$3.5M | |
| LINCOLN EDL SVCS CORP | LINC | $58.7M | 1,175,462 | +0.04pp | 9q | +13.0%+$6.7M | |
| MIRUM PHARMACEUTICALS INC | MIRM | $49.2M | 420,213 | +0.03pp | 8q | +9.0%+$4.1M | |
| BILLIONTOONE INC | BLLN | $43.7M | 364,467 | +1.80pp | 3q | +302.4%+$32.9M | |
| GLOBAL E ONLINE LTD | GLBE | $40.7M | 1,171,927 | +0.45pp | 13q | +53.7%+$14.2M | |
| UNIVERSAL TECHNICAL INST INC | UTI | $40.6M | 949,379 | -0.35pp | 9q | -0.6%-$244.8K | |
| AXOGEN INC | AXGN | $40.3M | 872,546 | +0.06pp | 3q | +0.8%+$304.1K | |
| AEHR TEST SYS | AEHR | $39.5M | 410,731 | +0.06pp | 4q | -45.6%-$33.0M | |
| AGILYSYS INC | AGYS | $38.3M | 366,052 | +1.20pp | 5q | +128.1%+$21.5M | |
| MYR GROUP INC | MYRG | $36.8M | 73,541 | -0.70pp | 12q | -43.2%-$28.0M | |
| PARK AEROSPACE CORP | PKE | $36.5M | 957,571 | +0.60pp | 4q | +42.5%+$10.9M | |
| MAMAS CREATIONS INC | MAMA | $35.5M | 1,990,717 | -0.06pp | 9q | +14.0%+$4.4M | |
| IPG PHOTONICS CORP | IPGP | $31.8M | 270,752 | - | new | NEW | |
| SAIA INC | SAIA | $31.8M | 75,418 | +0.64pp | 27q | +83.3%+$14.4M | |
| ULTRA CLEAN HLDGS INC | UCTT | $31.4M | 220,115 | +0.40pp | 2q | -21.5%-$8.6M | |
| RBC BEARINGS INC | RBC | $30.6M | 47,561 | +0.07pp | 31q | +20.4%+$5.2M | |
| GUARDANT HEALTH INC | GH | $30.1M | 200,672 | +1.42pp | 3q | +644.1%+$26.1M | |
| FTAI AVIATION LTD | FTAI | $28.9M | 106,992 | -0.21pp | 9q | +8.9%+$2.4M | |
| KNIGHT-SWIFT TRANSN HLDGS IN | KNX | $28.9M | 370,809 | +0.87pp | 2q | +135.4%+$16.6M | |
| ALMONTY INDS INC | ALM | $28.8M | 1,740,455 | -0.38pp | 3q | -4.3%-$1.3M | |
| INNODATA INC | INOD | $27.6M | 365,746 | +0.43pp | 13q | -0.7%-$200.7K | |
| VERICEL CORP | VCEL | $27.3M | 612,584 | +1.09pp | 2q | +301.0%+$20.5M | |
| FORGENT POWER SOLUTIONS INC | FPS | $25.7M | 460,047 | +0.75pp | 2q | +58.7%+$9.5M | |
| COVENANT LOGISTICS GROUP INC | CVLG | $24.4M | 551,906 | +0.71pp | 2q | +87.2%+$11.4M | |
| MACOM TECH SOLUTIONS HLDGS I | MTSI | $24.3M | 63,773 | -0.81pp | 28q | -51.0%-$25.3M | |
| CARPENTER TECHNOLOGY CORP | CRS | $23.7M | 38,489 | -0.37pp | 7q | -32.7%-$11.5M | |
| NVIDIA CORPORATION | NVDA | $22.6M | 113,187 | -0.23pp | 14q | HELD | |
| IRHYTHM HOLDINGS INC | IRTC | $22.3M | 187,064 | -0.27pp | 6q | +10.5%+$2.1M | |
| STERLING INFRASTRUCTURE INC | STRL | $22.0M | 26,209 | -0.82pp | 9q | -61.1%-$34.6M | |
| LATTICE SEMICONDUCTOR CORP | LSCC | $21.4M | 139,866 | -0.75pp | 25q | -50.0%-$21.4M | |
| ALPHABET INC | GOOGL | $21.3M | 59,493 | +0.32pp | 31q | +53.2%+$7.4M | |
| ARTERIS INC | AIP | $21.2M | 437,179 | +0.42pp | 9q | -25.8%-$7.4M | |
| JFROG LTD | FROG | $21.0M | 230,703 | +0.50pp | 6q | +29.0%+$4.7M | |
| HEARTFLOW INC | HTFL | $19.7M | 671,404 | -0.11pp | 2q | +2.8%+$540.9K | |
| PAYMENTUS HOLDINGS INC | PAY | $18.7M | 772,520 | -1.14pp | 12q | -33.3%-$9.3M | |
| SITIME CORP | SITM | $17.8M | 23,825 | -0.31pp | 6q | -52.3%-$19.5M | |
| SILVACO GROUP INC | SVCO | $17.4M | 1,260,902 | +0.50pp | 2q | +51.6%+$5.9M | |
| DPC HOLDINGS PLC | DPC | $17.0M | 347,007 | - | new | NEW | |
| ORION GROUP HLDGS INC | ORN | $16.6M | 988,549 | +0.36pp | 9q | +50.5%+$5.6M | |
| BRAZE INC | BRZE | $16.2M | 747,301 | - | new | NEW | |
| ICHOR HOLDINGS | ICHR | $16.0M | 142,610 | +0.22pp | 2q | -23.7%-$5.0M | |
| BIOLIFE SOLUTIONS INC | BLFS | $15.8M | 558,829 | +0.34pp | 8q | +54.4%+$5.6M | |
| OUSTER INC | OUST | $15.8M | 252,227 | - | new | NEW | |
| FREQUENCY ELECTRS INC | FEIM | $15.3M | 230,728 | +0.12pp | 4q | +6.6%+$952.4K | |
| APPLE INC | AAPL | $15.0M | 51,841 | -0.64pp | 31q | -33.6%-$7.6M | |
| DUTCH BROS INC | BROS | $14.6M | 203,529 | -0.45pp | 9q | -38.8%-$9.3M | |
| TACTILE SYS TECHNOLOGY INC | TCMD | $14.3M | 480,207 | -0.05pp | 3q | +12.2%+$1.5M | |
| AAON INC | AAON | $14.0M | 110,031 | +0.09pp | 4q | +1.4%+$189.8K | |
| ADAPTIVE BIOTECHNOLOGIES COR | ADPT | $13.1M | 609,830 | +0.19pp | 4q | +20.9%+$2.3M | |
| DIGITALOCEAN HLDGS INC | DOCN | $12.5M | 79,607 | - | new | NEW | |
| M-TRON INDS INC | MPTI | $12.3M | 124,173 | +0.13pp | 7q | +14.7%+$1.6M | |
| MARTEN TRANS LTD | MRTN | $12.1M | 699,305 | +0.25pp | 2q | +67.1%+$4.9M | |
| MAXLINEAR INC | MXL | $12.0M | 93,598 | - | new | NEW | |
| KESTRA MED TECHNOLOGIES LTD | KMTS | $11.7M | 458,505 | -0.04pp | 4q | HELD | |
| ASTRONICS CORP CL B | ATROB | $11.6M | 152,050 | - | new | NEW | |
| BROADCOM INC | AVGO | $11.2M | 29,740 | -0.11pp | 6q | -4.9%-$576.8K | |
| BACKBLAZE INC | BLZE | $10.9M | 687,498 | - | new | NEW | |
| MODINE MFG CO | MOD | $10.9M | 40,689 | -0.21pp | 2q | -19.0%-$2.5M | |
| WILLDAN GROUP INC | WLDN | $10.0M | 126,407 | - | new | NEW | |
| VELO3D INC | VELO | $9.7M | 553,356 | - | new | NEW | |
| SI-BONE INC | SIBN | $9.6M | 585,289 | +0.15pp | 5q | +52.4%+$3.3M | |
| LOAR HOLDINGS INC | LOAR | $9.4M | 116,817 | -0.02pp | 9q | -6.5%-$654.6K | |
| GE AEROSPACE | GE | $8.7M | 23,404 | +0.14pp | 3q | +47.9%+$2.8M | |
| EQUIPMENTSHARE COM INC | EQPT | $8.4M | 429,623 | +0.11pp | 2q | +89.3%+$4.0M | |
| MICROSOFT CORP | MSFT | $8.2M | 21,862 | -0.37pp | 31q | -27.1%-$3.0M | |
| KARMAN HLDGS INC | KRMN | $8.1M | 162,015 | -0.56pp | 4q | -5.4%-$458.7K | |
| APPLIED MATLS INC | AMAT | $7.9M | 10,860 | +0.09pp | 2q | -18.8%-$1.8M | |
| GOLDMAN SACHS GROUP INC | GS | $7.7M | 7,625 | -0.06pp | 11q | HELD | |
| STANDARDAERO INC | SARO | $7.5M | 251,383 | -0.09pp | 7q | -4.4%-$347.3K | |
| GRAHAM CORP | GHM | $7.5M | 60,499 | - | new | NEW | |
| APPLIED OPTOELECTRONICS INC | AAOI | $7.4M | 49,989 | -1.57pp | 3q | -84.4%-$40.1M | |
| HOWMET AEROSPACE INC | HWM | $7.1M | 26,283 | -0.06pp | 8q | HELD | |
| MP MATERIALS CORP | MP | $6.9M | 122,580 | -0.08pp | 4q | -4.4%-$317.2K | |
| BRIDGEWATER BANCSHARES INC | BWB | $6.7M | 318,380 | -0.07pp | 7q | -4.5%-$319.3K | |
| CROWDSTRIKE HLDGS INC | CRWD | $6.7M | 8,735 | +0.11pp | 11q | HELD | |
| TEREX CORP NEW | TEX | $6.2M | 85,033 | -0.14pp | 2q | -22.0%-$1.7M | |
| ONCE UPON A FARM PBC | OFRM | $6.1M | 296,084 | +0.04pp | 2q | +24.4%+$1.2M | |
| ADVANCED MICRO DEVICES INC | AMD | $5.9M | 10,218 | +0.13pp | 3q | -20.6%-$1.5M | |
| VERTIV HOLDINGS CO | VRT | $5.5M | 16,501 | -0.29pp | 11q | -48.9%-$5.3M | |
| OLLIES BARGAIN OUTLET HLDGS | OLLI | $5.4M | 69,625 | -0.60pp | 8q | -47.6%-$4.9M | |
| CATERPILLAR INC | CAT | $5.3M | 4,932 | -0.08pp | 5q | -29.5%-$2.2M | |
| PLANET LABS PBC | PL | $5.0M | 151,686 | -0.30pp | 4q | -46.1%-$4.3M | |
| KOPIN CORP | KOPN | $4.8M | 1,071,652 | +0.22pp | 2q | +351.6%+$3.7M | |
| SHOPIFY INC | SHOP | $4.5M | 39,505 | +0.03pp | 9q | +61.5%+$1.7M | |
| META PLATFORMS INC | META | $4.3M | 7,653 | -0.15pp | 14q | -15.3%-$776.2K | |
| VISA INC | V | $4.3M | 12,553 | -0.05pp | 31q | HELD | |
| BOOST RUN INC | BRUNW | $4.1M | 105,506 | - | new | NEW | |
| GLAUKOS CORP | GKOS | $4.0M | 28,765 | - | new | NEW | |
| CAVA GROUP INC | CAVA | $4.0M | 51,018 | -0.33pp | 2q | -44.5%-$3.2M | |
| UNUSUAL MACHS INC | UMAC | $3.9M | 176,254 | - | new | NEW | |
| GE VERNOVA INC | GEV | $3.8M | 3,276 | -0.16pp | 4q | -42.5%-$2.9M | |
| QUANTA SVCS INC | PWR | $3.8M | 5,291 | -0.01pp | 31q | HELD | |
| ROBINHOOD MKTS INC | HOOD | $3.6M | 36,151 | +0.01pp | 4q | HELD | |
| COHERENT CORP | COHR | $3.3M | 8,418 | -1.72pp | 9q | -92.3%-$40.1M | |
| AXON ENTERPRISE INC | AXON | $2.8M | 5,053 | -0.13pp | 7q | -44.8%-$2.3M | |
| EVOLV TECHNOLOGIES HLDNGS IN | EVLV | $2.8M | 485,360 | -0.20pp | 4q | -39.9%-$1.9M | |
| ROKU INC | ROKU | $2.8M | 20,254 | +0.01pp | 3q | HELD | |
| INSMED INC | INSM | $2.8M | 26,159 | -0.16pp | 4q | HELD | |
| SEAGATE TECHNOLOGY HLDNGS PL | STX | $2.8M | 2,880 | +0.01pp | 2q | -39.0%-$1.8M | |
| LIMBACH HLDGS INC | LMB | $2.8M | 36,002 | -0.07pp | 7q | -4.6%-$135.1K | |
| ASML HLDG NV | ASML | $2.7M | 1,349 | - | new | NEW | |
| MASTERCARD INCORPORATED | MA | $2.6M | 5,026 | -0.05pp | 31q | HELD | |
| ARISTA NETWORKS INC | ANET | $2.5M | 14,952 | - | new | NEW | |
| AMAZON COM INC | AMZN | $2.4M | 9,954 | -0.39pp | 31q | -70.7%-$5.7M | |
| TESLA INC | TSLA | $2.3M | 5,436 | -0.16pp | 18q | -48.5%-$2.2M | |
| MARVELL TECHNOLOGY INC | MRVL | $2.2M | 7,539 | - | new | NEW | |
| COSTCO WHOLESALE CORPORATION | COST | $2.1M | 2,203 | -0.05pp | 31q | HELD | |
| APPLOVIN CORP | APP | $2.0M | 3,857 | -0.04pp | 7q | -21.3%-$536.9K | |
| BLOOM ENERGY CORP | BE | $1.8M | 5,832 | -0.35pp | 4q | -87.0%-$11.8M | |
| LEGACY ED INC | LGCY | $723.0K | 61,479 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $304.8M | 16.2% |
| Business Services | $242.7M | 12.9% |
| Software & IT Services | $231.5M | 12.3% |
| Biotech & Pharma | $155.1M | 8.2% |
| Autos & Aerospace | $146.7M | 7.8% |
| Medical Devices | $137.6M | 7.3% |
| Transport & Logistics | $97.2M | 5.2% |
| Industrials | $94.5M | 5.0% |
| Construction & Building | $82.0M | 4.3% |
| Healthcare Services | $73.8M | 3.9% |
| Mining & Metals | $66.5M | 3.5% |
| Insurance | $60.4M | 3.2% |
| Other sectors | $172.1M | 9.1% |
| Not classified | $21.1M | 1.1% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $1.9B | 113 | 18 | 37 | 46 | 17 | 27.9% | 45 |
| Q1 2026 | $1.4B | 112 | 20 | 30 | 62 | 29 | 26.8% | 44 |
| Q4 2025 | $1.4B | 121 | 17 | 47 | 35 | 20 | 28.1% | 44 |
| Q3 2025 | $1.4B | 124 | 34 | 59 | 30 | 33 | 28.1% | 45 |
| Q2 2025 | $1.3B | 123 | 13 | 38 | 62 | 12 | 25.4% | 45 |
| Q1 2025 | $1.1B | 122 | 16 | 46 | 39 | 24 | 26.5% | 44 |
| Q4 2024 | $1.3B | 130 | 24 | 43 | 29 | 21 | 22.3% | 44 |
| Q3 2024 | $1.2B | 127 | 21 | 37 | 59 | 16 | 26.4% | 45 |
| Q2 2024 | $1.2B | 122 | 16 | 48 | 32 | 14 | 31.0% | 45 |
| Q1 2024 | $1.2B | 120 | 14 | 75 | 22 | 10 | 28.9% | 44 |
| Q4 2023 | $1.0B | 116 | 21 | 58 | 29 | 14 | 32.4% | 45 |
| Q3 2023 | $919.5M | 109 | 11 | 31 | 17 | 10 | 32.1% | 45 |
| Q2 2023 | $1.0B | 108 | 17 | 43 | 30 | 13 | 33.1% | 45 |
| Q1 2023 | $908.7M | 104 | 12 | 19 | 67 | 8 | 33.6% | 42 |
| Q4 2022 | $832.9M | 100 | 24 | 41 | 19 | 27 | 34.1% | 45 |
| Q3 2022 | $820.0M | 103 | 7 | 50 | 27 | 15 | 34.7% | 45 |
| Q2 2022 | $764.8M | 111 | 14 | 44 | 25 | 20 | 33.3% | 43 |
| Q1 2022 | $1.0B | 117 | 7 | 52 | 40 | 11 | 28.0% | 43 |
| Q4 2021 | $1.1B | 121 | 8 | 32 | 57 | 16 | 26.7% | 45 |
| Q3 2021 | $1.2B | 129 | 10 | 21 | 67 | 8 | 27.0% | 43 |
| Q2 2021 | $1.3B | 127 | 7 | 25 | 94 | 9 | 27.9% | 44 |
| Q1 2021 | $1.3B | 129 | 12 | 26 | 89 | 11 | 28.3% | 44 |
| Q4 2020 | $1.2B | 128 | 17 | 38 | 72 | 17 | 26.9% | 43 |
| Q3 2020 | $961.3M | 128 | 11 | 32 | 85 | 5 | 26.0% | 44 |
| Q2 2020 | $878.9M | 122 | 13 | 29 | 47 | 16 | 26.0% | 45 |
| Q1 2020 | $616.2M | 125 | 15 | 36 | 45 | 18 | 29.0% | 44 |
| Q4 2019 | $768.5M | 128 | 18 | 46 | 64 | 15 | 28.2% | 45 |
| Q3 2019 | $621.5M | 125 | 12 | 22 | 62 | 18 | 27.2% | 45 |
| Q2 2019 | $802.8M | 131 | 22 | 27 | 79 | 14 | 29.3% | 45 |
| Q1 2019 | $748.7M | 123 | 7 | 24 | 62 | 16 | 26.0% | 44 |
| Q4 2018 | $702.8M | 132 | 0 | 0 | 0 | 0 | 25.7% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.