Fund · 13F holdings

Driehaus Capital Management LLC

Richard H. Driehaus · Chicago, IL · Founded 1982

Driehaus Capital Management is a Chicago-based independent investment adviser founded by Richard H. Driehaus in 1982. Driehaus developed the firm's growth-equity philosophy around companies with strong earnings and price momentum, and the firm has since expanded across US, international, emerging-markets and global equity strategies as well as alternatives and life sciences. It reported approximately $29.4 billion of assets under management as of July 31, 2026.

Richard Driehaus stepped away from lead portfolio-management responsibilities for non-affiliated clients in 1998 and died in 2021; the firm continues under professional investment teams. A Form 13F covers only reportable US-listed securities at quarter end, not purchase prices, short positions or the firm's complete assets under management. The tables below cache its four most recent filings; positions in companies R40 tracks are linked to their pages.

How to read these tables. A Form 13F reports each holding's market value as of the quarter-end date and the share count — not the price the fund paid, when it bought, or any short positions. Buys and sells are inferred by comparing share counts across quarters. Put/call lines are options (often hedges), and their value is notional rather than a straight equity stake. Figures are the fund's US-listed 13(f) holdings only; private positions appear when the manager reports them.
Background

History

1982
Driehaus Capital Management is founded

Richard H. Driehaus establishes the firm to manage money for friends and family using a growth-equity approach.

1997
First mutual fund launches

The firm launches its first mutual fund and begins investing in international and emerging-markets equities.

1998
Founder steps back from client portfolios

Richard Driehaus steps away from lead portfolio-management responsibilities for non-affiliated client assets.

2019
Life-sciences strategy launches

The firm launches the Driehaus Life Sciences Fund, adding a dedicated healthcare strategy to its growth-equity lineup.

2021
Richard H. Driehaus dies

The founder dies at 78; the firm continues under its established professional investment teams.

Latest filing

2026 Q2 holdings

Period end
Filed
Portfolio value
$17.26B
Positions
354
We track
20
# Company Class Value Shares % Port. vs prior
1 TSMTaiwan Semiconductor Manufacturing Company Limited★ ADR $470.2M 984K 2.7% TRIM
2 Definium Therapeutics Inc COM $322.0M 6.8M 1.9% ADD
3 Praxis Precision Medicines Inc COM $321.1M 959K 1.9% ADD
4 Xenon Pharmaceuticals Inc COM $266.7M 4.4M 1.5% TRIM
5 Silicon Motion Technology Corp ADR $262.0M 786K 1.5% ADD
6 Spyre Therapeutics Inc COM $248.5M 2.8M 1.4% ADD
7 Crinetics Pharmaceuticals Inc COM $241.9M 6.5M 1.4% ADD
8 Apogee Therapeutics Inc COM $231.0M 1.7M 1.3% TRIM
9 Guardant Health Inc COM $230.1M 1.5M 1.3% ADD
10 Planet Labs Pbc COM $222.7M 6.7M 1.3% TRIM
11 Credicorp Ltd COM $217.1M 557K 1.3% ADD
12 Edgewise Therapeutics Inc COM $192.1M 4.7M 1.1% ADD
13 Vicor Corp COM $188.6M 497K 1.1% ADD
14 Ultra Clean Holdings Inc COM $186.7M 1.3M 1.1% ADD
15 Curtiss-wright Corp COM $173.6M 229K 1.0% ADD
16 Xometry Inc COM $170.7M 1.8M 1.0% ADD
17 Terawulf Inc COM $152.2M 6.2M 0.9% ADD
18 Septerna Inc COM $148.5M 4.4M 0.9% ADD
19 Nextpower Inc COM $143.8M 1.2M 0.8% ADD
20 Ceco Environmental Corp COM $141.6M 1.6M 0.8% ADD
21 Credo Technology Group Holding COM $140.6M 517K 0.8% NEW
22 Carpenter Technology Corp COM $140.1M 227K 0.8% TRIM
23 Icici Bank Ltd ADR $140.1M 4.8M 0.8% ADD
24 Nlight Inc COM $138.3M 2.0M 0.8% ADD
25 Onto Innovation Inc COM $134.2M 355K 0.8% ADD
26 Rush Street Interactive Inc COM $129.1M 4.3M 0.7% ADD
27 Sitime Corp COM $128.3M 172K 0.7% TRIM
28 Solaris Energy Infrastructure COM $127.5M 1.6M 0.7% TRIM
29 Dave Inc COM $123.5M 332K 0.7% ADD
30 Scholar Rock Holding Corp COM $121.3M 2.2M 0.7% ADD
31 Sterling Infrastructure Inc COM $120.6M 144K 0.7% TRIM
32 BEBloom Energy Corporation★ COM $118.1M 390K 0.7% TRIM
33 Ptc Therapeutics Inc COM $117.5M 1.4M 0.7% ADD
34 Life Time Group Holdings Inc COM $117.0M 2.9M 0.7% ADD
35 Cardinal Infrastructure Group COM $113.9M 1.2M 0.7% ADD
36 Modine Manufacturing Co COM $112.9M 423K 0.7% TRIM
37 Fomento Economico Mexicano Sab ADR $112.2M 877K 0.7% ADD
38 Nu Holdings Ltd/cayman Islands COM $111.1M 8.3M 0.6% ADD
39 Saia Inc COM $110.4M 262K 0.6% ADD
40 Cadence Design Systems Inc COM $110.2M 294K 0.6% NEW
41 Arrowhead Pharmaceuticals Inc COM $110.1M 1.4M 0.6% ADD
42 Vale Sa ADR $108.8M 7.2M 0.6% ADD
43 Universal Technical Institute COM $106.9M 2.5M 0.6% ADD
44 Southern Copper Corp COM $106.5M 611K 0.6% ADD
45 Kymera Therapeutics Inc COM $105.4M 919K 0.6% TRIM
46 Twist Bioscience Corp COM $105.2M 1.0M 0.6% ADD
47 Natera Inc COM $104.2M 384K 0.6% ADD
48 Stonex Group Inc COM $103.7M 875K 0.6% ADD
49 Coherent Corp COM $102.4M 259K 0.6% TRIM
50 Esco Technologies Inc COM $100.8M 288K 0.6% ADD
51 Vita Coco Co Inc/the COM $99.4M 1.5M 0.6% TRIM
52 Macom Technology Solutions Hol COM $95.5M 251K 0.6% TRIM
53 Indivior Pharmaceuticals Inc COM $94.3M 2.3M 0.5% ADD
54 Astera Labs Inc COM $94.0M 195K 0.5% NEW
55 Imax Corp COM $93.3M 2.3M 0.5% ADD
56 Immunome Inc COM $92.1M 4.3M 0.5% ADD
57 Axsome Therapeutics Inc COM $91.2M 372K 0.5% ADD
58 Glaukos Corp COM $90.9M 651K 0.5% ADD
59 Digitalocean Holdings Inc COM $90.6M 577K 0.5% ADD
60 Protagonist Therapeutics Inc COM $89.6M 731K 0.5% ADD
61 Bandwidth Inc COM $87.9M 1.4M 0.5% NEW
62 Dycom Industries Inc COM $87.2M 172K 0.5% ADD
63 Cipher Mining Inc COM $86.9M 3.5M 0.5% NEW
64 Ul Solutions Inc COM $83.9M 823K 0.5% ADD
65 Structure Therapeutics Inc ADR $83.4M 1.6M 0.5% TRIM
66 Travere Therapeutics Inc COM $81.8M 1.4M 0.5% ADD
67 Sezzle Inc COM $81.7M 476K 0.5% NEW
68 Solv Energy Inc COM $81.0M 2.4M 0.5% ADD
69 VISTVista Energy, S.A.B. de C.V.★ ADR $80.4M 1.3M 0.5% ADD
70 Eos Energy Enterprises Inc COM $79.7M 13.6M 0.5% TRIM
71 Dutch Bros Inc COM $79.7M 1.1M 0.5% NEW
72 Wisdomtree Inc COM $79.7M 4.7M 0.5% ADD
73 Flywire Corp COM $79.2M 4.5M 0.5% NEW
74 Knight-swift Transportation Ho COM $79.0M 1.0M 0.5% ADD
75 Cava Group Inc COM $78.2M 996K 0.5% ADD
76 Construction Partners Inc COM $76.2M 641K 0.4% TRIM
77 Ftai Aviation Ltd COM $75.3M 278K 0.4% TRIM
78 Forgent Power Solutions Inc COM $74.5M 1.3M 0.4% TRIM
79 Jfrog Ltd COM $73.1M 805K 0.4% NEW
80 Fluence Energy Inc COM $71.1M 3.6M 0.4% NEW
81 Lumentum Holdings Inc COM $71.0M 83K 0.4% TRIM
82 Advanced Energy Industries Inc COM $69.0M 185K 0.4% ADD
83 Mercadolibre Inc COM $68.1M 40K 0.4% NEW
84 Semtech Corp COM $67.9M 420K 0.4% TRIM
85 Almonty Industries Inc COM $66.9M 4.0M 0.4% TRIM
86 Alkermes Plc COM $64.9M 1.2M 0.4% ADD
87 Cameco Corp COM $64.6M 634K 0.4% TRIM
88 Terex Corp COM $64.4M 890K 0.4% ADD
89 Mp Materials Corp COM $64.3M 1.1M 0.4% ADD
90 Garrett Motion Inc COM $63.6M 1.8M 0.4% ADD
91 Openlane Inc COM $62.5M 1.5M 0.4% ADD
92 Comfort Systems Usa Inc COM $62.4M 31K 0.4% TRIM
93 Veracyte Inc COM $61.4M 1.0M 0.4% NEW
94 Zurn Elkay Water Solutions Cor COM $60.4M 1.2M 0.4% ADD
95 Everus Construction Group Inc COM $59.8M 361K 0.3% TRIM
96 Firstcash Holdings Inc COM $59.7M 276K 0.3% ADD
97 Mercury Systems Inc COM $59.7M 488K 0.3% ADD
98 Tower Semiconductor Ltd COM $58.7M 225K 0.3% TRIM
99 Mbx Biosciences Inc COM $58.3M 1.1M 0.3% ADD
100 Bankunited Inc COM $57.6M 1.2M 0.3% ADD

All 354 positions →

Movement

Notable 2026 Q2 moves

New positions

  • Credo Technology Group Holding $140.6M
  • Cadence Design Systems Inc $110.2M
  • Astera Labs Inc $94.0M
  • Bandwidth Inc $87.9M
  • Cipher Mining Inc $86.9M
  • Sezzle Inc $81.7M
  • Dutch Bros Inc $79.7M
  • Flywire Corp $79.2M
  • Jfrog Ltd $73.1M
  • Fluence Energy Inc $71.1M
  • Mercadolibre Inc $68.1M
  • Veracyte Inc $61.4M
  • Acadian Asset Management Inc $56.4M
  • Sailpoint Inc $52.3M
  • Enphase Energy Inc $52.2M
  • Penguin Solutions Inc $51.1M
  • Kodiak Gas Services Inc $49.3M
  • FIVE9 Inc $48.3M
  • Perimeter Solutions Inc $47.3M
  • Enova International Inc $46.9M
  • AFRM Affirm Holdings, Inc. $43.8M
  • Backblaze Inc $42.6M
  • Neptune Insurance Holdings Inc $40.9M
  • Rubrik Inc $39.5M
  • Encore Capital Group Inc $38.2M
  • Celldex Therapeutics Inc $36.8M
  • Fuelcell Energy Inc $36.5M
  • Target Hospitality Corp $34.2M
  • Legend Biotech Corp $33.5M
  • Lear Corp $33.4M
  • Mayville Engineering Co Inc $31.7M
  • GNRC Generac Holdings Inc. $30.8M
  • Innodata Inc $30.5M
  • Twilio Inc $29.3M
  • Blacksky Technology Inc $28.9M
  • Applied Aerospace & Defense In $28.0M
  • Madison Air Solutions Corp $26.5M
  • Hemab Therapeutics Holdings In $26.3M
  • Borgwarner Inc $26.1M
  • Entravision Communications Cor $25.0M
  • Select Water Solutions Inc $23.2M
  • Aehr Test Systems $22.9M
  • Whitefiber Inc $22.6M
  • Arxis Inc $22.2M
  • Jb Hunt Transport Services Inc $21.5M
  • Evercore Inc $21.5M
  • Mgm Resorts International $21.3M
  • Rxo Inc $21.2M
  • Century Aluminum Co $21.0M
  • Bj's Restaurants Inc $19.2M
  • Ouster Inc $19.2M
  • Aramark $18.2M
  • Regal Rexnord Corp $17.6M
  • Applied Digital Corp $16.8M
  • Revolution Medicines Inc $16.7M
  • Methode Electronics Inc $16.2M
  • Alcoa Corp $15.5M
  • Innventure Inc $15.1M
  • Solaredge Technologies Inc $14.0M
  • Precision Drilling Corp $12.9M
  • Innio Nv $12.5M
  • Voyager Technologies Inc $11.7M
  • Symbotic Inc $11.6M
  • Citi Trends Inc $9.5M
  • Cue Biopharma Inc $9.2M
  • Gorilla Technology Group Inc $9.2M
  • Pursuit Attractions And Hospit $8.0M
  • Spire Global Inc $6.9M
  • Tss Inc/md $6.6M
  • Shoulder Innovations Inc $5.1M
  • Kardigan Inc $4.8M
  • Assembly Biosciences Inc $4.1M
  • Parabilis Medicines Inc $2.7M
  • Aura Minerals Inc $1.8M
  • Lithium Argentina Ag $1.6M
  • Golar Lng Ltd $1.6M
  • Rezolute Inc $1.5M
  • Sagimet Biosciences Inc $1.3M
  • Dpc Holdings Ltd $980K
  • SNOW Snowflake Inc. $917K
  • Popular Inc $567K
  • Arm Holdings Plc $508K
  • Amkor Technology Inc $402K
  • Corbus Pharmaceuticals Holding $366K

Exited

  • National Vision Holdings Inc was $89.9M
  • Yum China Holdings Inc was $89.3M
  • Bridgebio Pharma Inc was $85.2M
  • Karman Holdings Inc was $78.2M
  • Technipfmc Plc was $71.9M
  • Cg Oncology Inc was $67.7M
  • Flowserve Corp was $59.0M
  • Methanex Corp was $58.0M
  • Camtek Ltd/israel was $50.4M
  • Nuvalent Inc was $49.3M
  • Transocean Ltd was $47.8M
  • Siteone Landscape Supply Inc was $45.9M
  • Travel And Leisure Co was $44.2M
  • Axon Enterprise Inc was $40.4M
  • Marketaxess Holdings Inc was $39.5M
  • Chord Energy Corp was $37.9M
  • Brp Inc was $32.0M
  • Osi Systems Inc was $31.3M
  • Brinker International Inc was $30.8M
  • Perpetua Resources Corp was $30.5M
  • Agnico Eagle Mines Ltd was $28.6M
  • Patterson-uti Energy Inc was $27.7M
  • Griffon Corp was $25.4M
  • Jbt Marel Corp was $25.0M
  • Ishares Msci India Etf was $24.9M
  • Patrick Industries Inc was $24.5M
  • Caci International Inc was $24.0M
  • Cae Inc was $23.4M
  • Kratos Defense & Security Solu was $23.3M
  • Installed Building Products In was $22.6M
  • Guidewire Software Inc was $22.2M
  • Axt Inc was $21.9M
  • Lemaitre Vascular Inc was $21.5M
  • Energy Fuels Inc/canada was $20.8M
  • ASTS AST SpaceMobile, Inc. was $20.4M
  • Delek Us Holdings Inc was $20.3M
  • Us Foods Holding Corp was $19.4M
  • Vistance Networks Inc was $19.1M
  • Standex International Corp was $18.3M
  • Ulta Beauty Inc was $18.1M
  • Ivanhoe Electric Inc / Us was $18.0M
  • Albemarle Corp was $17.5M
  • Ecovyst Inc was $17.4M
  • Insmed Inc was $17.2M
  • Willdan Group Inc was $16.8M
  • Oil States International Inc was $15.5M
  • Coeur Mining Inc was $14.9M
  • Lci Industries was $14.9M
  • Advanced Drainage Systems Inc was $14.5M
  • Globus Medical Inc was $14.4M
  • Venture Global Inc was $14.2M
  • Hasbro Inc was $13.8M
  • Rocket Cos Inc was $13.8M
  • Dollar Tree Inc was $13.0M
  • Kalvista Pharmaceuticals Inc was $11.4M
  • Cooper-standard Holdings Inc was $11.2M
  • Somnigroup International Inc was $10.0M
  • Tat Technologies Ltd was $9.9M
  • Jade Biosciences Inc was $8.9M
  • Centrus Energy Corp was $8.3M
  • Exzeo Group Inc was $7.8M
  • Red Cat Holdings Inc was $7.7M
  • Innovative Solutions And Suppo was $7.1M
  • Qxo Inc was $7.1M
  • Energy Services Of America Cor was $6.5M
  • American Resources Corp was $5.8M
  • Arlo Technologies Inc was $5.8M
  • Xeris Biopharma Holdings Inc was $5.2M
  • Lsi Industries Inc was $4.6M
  • Transmedics Group Inc was $4.0M
  • Precigen Inc was $3.1M
  • Aktis Oncology Inc was $2.7M
  • Atour Lifestyle Holdings Ltd was $1.9M
  • Daqo New Energy Corp was $1.7M
  • ORCL Oracle Corporation was $688K
  • Hershey Co/the was $642K
  • Gilead Sciences Inc was $569K
  • NET Cloudflare, Inc. was $526K
  • Danaher Corp was $505K
  • Gildan Activewear Inc was $501K
  • Mosaic Co/the was $460K
  • ABBV AbbVie Inc. was $443K
  • Range Resources Corp was $431K
  • AVGO Broadcom Inc. was $357K
  • Crh Plc was $297K
Stocks we cover

Position history in tracked names

Quarter-end value of each holding that has a page on R40, most recent first.

Stock 2026 Q2 2026 Q12025 Q42025 Q3
TSMTsmc $470.2M$427.5M$657.5M$626.6M
BEBloom Energy Corp $118.1M$115.1M$44.8M$92.0M
VISTVista Energy Sab De Cv $80.4M$94.5M$35.2M$2.0M
AFRMAffirm Holdings Inc $43.8M—$16.2M$23.0M
GNRCGenerac Holdings Inc $30.8M——$17.1M
RKLBRocket Lab Corp $23.3M$25.9M$27.4M$80.4M
ABCLAbcellera Biologics Inc $22.5M$14.0M$12.9M$8.7M
GOOGLAlphabet Inc $3.7M$3.4M$4.4M$3.5M
NVDANvidia Corp $3.2M$2.9M$3.6M$3.9M
AMZNAMAZON.COM Inc $3.2M$1.5M$1.8M$1.2M
LLYEli Lilly & Co $1.8M$1.1M$884K$362K
MRVLMarvell Technology Inc $1.3M$888K——
KOCoca-cola Co/the $1.2M$1.1M$1.1M$834K
XOMExxon Mobil Corp $1.2M$1.5M$1.1M$1.1M
AAPLApple Inc $1.2M$1.3M$2.7M$2.1M
MSFTMicrosoft Corp $1.1M$1.2M$1.9M$3.0M
JPMJpmorgan Chase & Co $993K$892K$2.0M$2.1M
SNOWSnowflake Inc $917K———
INTCIntel Corp $810K$280K$505K—
WMTWalmart Inc $579K$636K$1.2M$754K
CVNACarvana Co ——$95.8M$119.9M
GRABGrab Holdings Ltd ——$54.9M$46.4M
HOODRobinhood Markets Inc ——$40.4M$48.1M
ASTSAst Spacemobile Inc —$20.4M$17.9M$50.3M
GEVGe Vernova Inc ———$2.1M
TSLATesla Inc ——$1.1M—
BACBank Of America Corp ——$1.0M$958K
SHOPShopify Inc ——$958K$993K
NFLXNetflix Inc ———$952K
METAMeta Platforms Inc ——$938K$2.2M
COINCoinbase Global Inc -class A ———$919K
UBERUber Technologies Inc ———$756K
ORCLOracle Corp —$688K——
NETCloudflare Inc —$526K$586K$541K
ABBVAbbvie Inc —$443K——
AVGOBroadcom Inc —$357K$1.1M$1.0M
NOWServicenow Inc ———$357K
Archive

Earlier filings

2026 Q1 · 355 positions · $13.60B · filed 2026-05-15 2025 Q4 · 404 positions · $14.72B · filed 2026-02-17 2025 Q3 · 431 positions · $13.96B · filed 2025-11-14