# Driehaus Capital Management LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 938206. Source: https://holderbook.com/funds/938206-driehaus-capital-management-llc/

- Reported value: $17.3B
- Positions: 354
- Weight of the ten largest: 16.3%
- 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 |
|---|---|---|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $470.2M | 984,500 | 2.7% | 31 |
| DEFINIUM THERAPEUTICS INC | [DFTX](https://holderbook.com/stocks/DFTX/) | $322.0M | 6,845,276 | 1.9% | 3 |
| PRAXIS PRECISION MEDICINES I | [PRAX](https://holderbook.com/stocks/PRAX/) | $321.1M | 959,048 | 1.9% | 10 |
| XENON PHARMACEUTICALS INC | [XENE](https://holderbook.com/stocks/XENE/) | $266.7M | 4,418,557 | 1.5% | 26 |
| SILICON MOTION TECHNOLOGY CO | [SIMO](https://holderbook.com/stocks/SIMO/) | $262.0M | 786,074 | 1.5% | 5 |
| SPYRE THERAPEUTICS INC | [SYRE](https://holderbook.com/stocks/SYRE/) | $248.5M | 2,799,166 | 1.4% | 12 |
| CRINETICS PHARMACEUTICALS IN | [CRNX](https://holderbook.com/stocks/CRNX/) | $241.9M | 6,463,551 | 1.4% | 25 |
| APOGEE THERAPEUTICS INC | [APGE](https://holderbook.com/stocks/APGE/) | $231.0M | 1,740,101 | 1.3% | 12 |
| GUARDANT HEALTH INC | [GH](https://holderbook.com/stocks/GH/) | $230.1M | 1,533,985 | 1.3% | 6 |
| PLANET LABS PBC | [PL](https://holderbook.com/stocks/PL/) | $222.7M | 6,721,154 | 1.3% | 5 |
| CREDICORP LTD | [BAP](https://holderbook.com/stocks/BAP/) | $217.1M | 557,228 | 1.3% | 10 |
| EDGEWISE THERAPEUTICS INC | [EWTX](https://holderbook.com/stocks/EWTX/) | $192.1M | 4,728,623 | 1.1% | 11 |
| VICOR CORP | [VICR](https://holderbook.com/stocks/VICR/) | $188.6M | 496,507 | 1.1% | 2 |
| ULTRA CLEAN HLDGS INC | [UCTT](https://holderbook.com/stocks/UCTT/) | $186.7M | 1,309,202 | 1.1% | 4 |
| CURTISS WRIGHT CORP | [CW](https://holderbook.com/stocks/CW/) | $173.6M | 229,123 | 1.0% | 18 |
| XOMETRY INC | [XMTR](https://holderbook.com/stocks/XMTR/) | $170.7M | 1,768,213 | 1.0% | 7 |
| TERAWULF INC | [WULF](https://holderbook.com/stocks/WULF/) | $152.2M | 6,163,879 | 0.9% | 5 |
| SEPTERNA INC | [SEPN](https://holderbook.com/stocks/SEPN/) | $148.5M | 4,433,058 | 0.9% | 7 |
| NEXTPOWER INC | [NXT](https://holderbook.com/stocks/NXT/) | $143.8M | 1,207,194 | 0.8% | 6 |
| CECO ENVIRONMENTAL CORP | [CECO](https://holderbook.com/stocks/CECO/) | $141.6M | 1,560,486 | 0.8% | 11 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $140.6M | 517,062 | 0.8% | 1 |
| CARPENTER TECHNOLOGY CORP | [CRS](https://holderbook.com/stocks/CRS/) | $140.1M | 227,203 | 0.8% | 8 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $140.1M | 4,826,120 | 0.8% | 31 |
| NLIGHT INC | [LASR](https://holderbook.com/stocks/LASR/) | $138.3M | 1,986,119 | 0.8% | 3 |
| ONTO INNOVATION INC | [ONTO](https://holderbook.com/stocks/ONTO/) | $134.2M | 354,650 | 0.8% | 4 |
| RUSH STREET INTERACTIVE INC | [RSI](https://holderbook.com/stocks/RSI/) | $129.1M | 4,341,612 | 0.7% | 9 |
| SITIME CORP | [SITM](https://holderbook.com/stocks/SITM/) | $128.3M | 172,133 | 0.7% | 9 |
| SOLARIS ENERGY INFRAS INC | [SEI](https://holderbook.com/stocks/SEI/) | $127.5M | 1,584,985 | 0.7% | 7 |
| DAVE INC | [DAVE](https://holderbook.com/stocks/DAVE/) | $123.5M | 331,537 | 0.7% | 6 |
| SCHOLAR ROCK HLDG CORP | [SRRK](https://holderbook.com/stocks/SRRK/) | $121.3M | 2,205,618 | 0.7% | 7 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $120.6M | 143,684 | 0.7% | 5 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $118.1M | 390,259 | 0.7% | 4 |
| PTC THERAPEUTICS INC | [PTCT](https://holderbook.com/stocks/PTCT/) | $117.5M | 1,440,107 | 0.7% | 7 |
| LIFE TIME GROUP HOLDINGS INC | [LTH](https://holderbook.com/stocks/LTH/) | $117.0M | 2,864,852 | 0.7% | 8 |
| CARDINAL INFRASTRUCTURE GROU | [CDNL](https://holderbook.com/stocks/CDNL/) | $113.9M | 1,208,910 | 0.7% | 3 |
| MODINE MFG CO | [MOD](https://holderbook.com/stocks/MOD/) | $112.9M | 422,646 | 0.7% | 15 |
| FOMENTO ECONOMICO MEXICANO S | [FMX](https://holderbook.com/stocks/FMX/) | $112.2M | 877,127 | 0.7% | 3 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $111.1M | 8,314,486 | 0.6% | 5 |
| SAIA INC | [SAIA](https://holderbook.com/stocks/SAIA/) | $110.4M | 262,043 | 0.6% | 3 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $110.2M | 293,693 | 0.6% | 1 |
| ARROWHEAD PHARMACEUTICALS IN | [ARWR](https://holderbook.com/stocks/ARWR/) | $110.1M | 1,350,556 | 0.6% | 4 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $108.8M | 7,236,306 | 0.6% | 6 |
| UNIVERSAL TECHNICAL INST INC | [UTI](https://holderbook.com/stocks/UTI/) | $106.9M | 2,499,689 | 0.6% | 6 |
| SOUTHERN COPPER CORP | [SCCO](https://holderbook.com/stocks/SCCO/) | $106.5M | 611,241 | 0.6% | 14 |
| KYMERA THERAPEUTICS INC | [KYMR](https://holderbook.com/stocks/KYMR/) | $105.4M | 919,233 | 0.6% | 9 |
| TWIST BIOSCIENCE CORP | [TWST](https://holderbook.com/stocks/TWST/) | $105.2M | 1,022,526 | 0.6% | 2 |
| NATERA INC | [NTRA](https://holderbook.com/stocks/NTRA/) | $104.2M | 383,872 | 0.6% | 16 |
| STONEX GROUP INC | [SNEX](https://holderbook.com/stocks/SNEX/) | $103.7M | 875,452 | 0.6% | 5 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $102.4M | 259,497 | 0.6% | 10 |
| ESCO TECHNOLOGIES INC | [ESE](https://holderbook.com/stocks/ESE/) | $100.8M | 287,995 | 0.6% | 6 |
| VITA COCO CO INC | [COCO](https://holderbook.com/stocks/COCO/) | $99.4M | 1,503,177 | 0.6% | 9 |
| MACOM TECH SOLUTIONS HLDGS I | [MTSI](https://holderbook.com/stocks/MTSI/) | $95.5M | 251,107 | 0.6% | 5 |
| INDIVIOR PHARMACEUTICALS INC | [INDV](https://holderbook.com/stocks/INDV/) | $94.3M | 2,299,054 | 0.5% | 3 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $94.0M | 194,619 | 0.5% | 1 |
| IMAX CORP | [IMAX](https://holderbook.com/stocks/IMAX/) | $93.3M | 2,340,475 | 0.5% | 6 |
| IMMUNOME INC | [IMNM](https://holderbook.com/stocks/IMNM/) | $92.1M | 4,346,139 | 0.5% | 6 |
| AXSOME THERAPEUTICS INC | [AXSM](https://holderbook.com/stocks/AXSM/) | $91.2M | 372,474 | 0.5% | 6 |
| GLAUKOS CORP | [GKOS](https://holderbook.com/stocks/GKOS/) | $90.9M | 650,571 | 0.5% | 2 |
| DIGITALOCEAN HLDGS INC | [DOCN](https://holderbook.com/stocks/DOCN/) | $90.6M | 576,956 | 0.5% | 2 |
| PROTAGONIST THERAPEUTICS INC | [PTGX](https://holderbook.com/stocks/PTGX/) | $89.6M | 731,053 | 0.5% | 11 |
| BANDWIDTH INC | [BAND](https://holderbook.com/stocks/BAND/) | $87.9M | 1,388,899 | 0.5% | 1 |
| DYCOM INDS INC | [DY](https://holderbook.com/stocks/DY/) | $87.2M | 172,486 | 0.5% | 5 |
| CIPHER DIGITAL INC | [CIFR](https://holderbook.com/stocks/CIFR/) | $86.9M | 3,548,322 | 0.5% | 1 |
| UL SOLUTIONS INC | [ULS](https://holderbook.com/stocks/ULS/) | $83.9M | 823,352 | 0.5% | 6 |
| STRUCTURE THERAPEUTICS INC | [GPCR](https://holderbook.com/stocks/GPCR/) | $83.4M | 1,553,219 | 0.5% | 14 |
| TRAVERE THERAPEUTICS INC | [TVTX](https://holderbook.com/stocks/TVTX/) | $81.8M | 1,439,134 | 0.5% | 4 |
| SEZZLE INC | [SEZL](https://holderbook.com/stocks/SEZL/) | $81.7M | 476,026 | 0.5% | 1 |
| SOLV ENERGY INC | [MWH](https://holderbook.com/stocks/MWH/) | $81.0M | 2,378,054 | 0.5% | 2 |
| VISTA ENERGY S.A.B. DE C.V. | [VIST](https://holderbook.com/stocks/VIST/) | $80.4M | 1,259,484 | 0.5% | 14 |
| EOS ENERGY ENTERPRISES INC | [EOSE](https://holderbook.com/stocks/EOSE/) | $79.7M | 13,556,010 | 0.5% | 6 |
| DUTCH BROS INC | [BROS](https://holderbook.com/stocks/BROS/) | $79.7M | 1,109,974 | 0.5% | 1 |
| WISDOMTREE INC | [WT](https://holderbook.com/stocks/WT/) | $79.7M | 4,702,705 | 0.5% | 4 |
| FLYWIRE CORPORATION | [FLYW](https://holderbook.com/stocks/FLYW/) | $79.2M | 4,506,928 | 0.5% | 1 |
| KNIGHT-SWIFT TRANSN HLDGS IN | [KNX](https://holderbook.com/stocks/KNX/) | $79.0M | 1,014,111 | 0.5% | 2 |
| CAVA GROUP INC | [CAVA](https://holderbook.com/stocks/CAVA/) | $78.2M | 996,496 | 0.5% | 2 |
| CONSTRUCTION PARTNERS INC | [ROAD](https://holderbook.com/stocks/ROAD/) | $76.2M | 641,417 | 0.4% | 11 |
| FTAI AVIATION LTD | [FTAI](https://holderbook.com/stocks/FTAI/) | $75.3M | 278,208 | 0.4% | 14 |
| FORGENT POWER SOLUTIONS INC | [FPS](https://holderbook.com/stocks/FPS/) | $74.5M | 1,334,384 | 0.4% | 2 |
| JFROG LTD | [FROG](https://holderbook.com/stocks/FROG/) | $73.1M | 804,703 | 0.4% | 1 |
| FLUENCE ENERGY INC | [FLNC](https://holderbook.com/stocks/FLNC/) | $71.1M | 3,575,964 | 0.4% | 1 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $71.0M | 82,768 | 0.4% | 5 |
| ADVANCED ENERGY INDS | [AEIS](https://holderbook.com/stocks/AEIS/) | $69.0M | 184,957 | 0.4% | 2 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $68.1M | 40,135 | 0.4% | 1 |
| SEMTECH CORP | [SMTC](https://holderbook.com/stocks/SMTC/) | $67.9M | 419,633 | 0.4% | 4 |
| ALMONTY INDS INC | [ALM](https://holderbook.com/stocks/ALM/) | $66.9M | 4,039,183 | 0.4% | 4 |
| ALKERMES PLC | [ALKS](https://holderbook.com/stocks/ALKS/) | $64.9M | 1,238,809 | 0.4% | 6 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $64.6M | 634,006 | 0.4% | 20 |
| TEREX CORP NEW | [TEX](https://holderbook.com/stocks/TEX/) | $64.4M | 889,977 | 0.4% | 2 |
| MP MATERIALS CORP | [MP](https://holderbook.com/stocks/MP/) | $64.3M | 1,148,299 | 0.4% | 4 |
| GARRETT MOTION INC | [GTX](https://holderbook.com/stocks/GTX/) | $63.6M | 1,755,586 | 0.4% | 2 |
| OPENLANE INC | [OPLN](https://holderbook.com/stocks/OPLN/) | $62.5M | 1,515,210 | 0.4% | 5 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $62.4M | 31,499 | 0.4% | 5 |
| VERACYTE INC | [VCYT](https://holderbook.com/stocks/VCYT/) | $61.4M | 1,045,826 | 0.4% | 1 |
| ZURN ELKAY WATER SOLNS CORP | [ZWS](https://holderbook.com/stocks/ZWS/) | $60.4M | 1,195,710 | 0.4% | 2 |
| EVERUS CONSTR GROUP | [ECG](https://holderbook.com/stocks/ECG/) | $59.8M | 360,544 | 0.3% | 4 |
| FIRSTCASH HOLDINGS INC | [FCFS](https://holderbook.com/stocks/FCFS/) | $59.7M | 276,029 | 0.3% | 2 |
| MERCURY SYS INC | [MRCY](https://holderbook.com/stocks/MRCY/) | $59.7M | 487,921 | 0.3% | 5 |
| TOWER SEMICONDUCTOR LTD | [TSEM](https://holderbook.com/stocks/TSEM/) | $58.7M | 225,114 | 0.3% | 2 |
| MBX BIOSCIENCES INC | [MBX](https://holderbook.com/stocks/MBX/) | $58.3M | 1,056,579 | 0.3% | 8 |
| BANKUNITED INC | [BKU](https://holderbook.com/stocks/BKU/) | $57.6M | 1,188,026 | 0.3% | 2 |

## 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 | +24.3% | +14.8% | +9.5% | 100% |
| Q1 2026 | +1.4% | -4.6% | +6.0% | 100% |
| Q4 2025 | +8.0% | +2.4% | +5.6% | 100% |
| Q3 2025 | +14.3% | +7.8% | +6.5% | 100% |
| Q2 2025 | +14.2% | +10.5% | +3.7% | 100% |
| Q1 2025 | -14.7% | -4.6% | -10.2% | 100% |
| Q4 2024 | +1.3% | +2.1% | -0.9% | 100% |
| Q3 2024 | +6.3% | +5.4% | +0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $17.3B | 354 |
| Q1 2026 | $13.6B | 355 |
| Q4 2025 | $14.7B | 404 |
| Q3 2025 | $14.0B | 431 |
| Q2 2025 | $12.5B | 416 |
| Q1 2025 | $10.4B | 394 |
| Q4 2024 | $12.1B | 381 |
| Q3 2024 | $11.6B | 375 |
| Q2 2024 | $10.3B | 361 |
| Q1 2024 | $10.0B | 379 |
| Q4 2023 | $8.3B | 378 |
| Q3 2023 | $7.7B | 389 |