DRIEHAUS CAPITAL MANAGEMENT LLCDRIEHAUS CAPITAL MANAGEMENT LLC

Institutional investor · Portfolio as of Q1 2023

Top Holdings378 positions

Checking export access…
Activity:
TSMTSM
ADR

TAIWAN SEMICONDUCTOR MANUFAC

3.6M$337.7M4.7%$55.69+58.99%
17 qtrssince 2019-Q1
Increased
61

XENON PHARMACEUTICALS INC

4.7M$166.6M2.3%$26.44+34.67%
13 qtrssince 2020-Q1
Decreased
0
IBNIBN
ADR

ICICI BK LTD

5.2M$112.4M1.6%$15.46+36.20%
17 qtrssince 2019-Q1
Increased
51

AXCELIS TECHNOLOGIES INC

728,641$97.1M1.4%$65.26+104.48%
9 qtrssince 2021-Q1
Decreased
0

ATI INC

2.2M$85.4M1.2%$26.60+48.33%
5 qtrssince 2022-Q1
Increased
49

IMPINJ INC

629,990$85.4M1.2%$72.04+84.78%
9 qtrssince 2021-Q1
Decreased
0
CRNXCRNXDelisted

CRINETICS PHARMACEUTICALS IN

5.3M$84.9M1.2%$21.05-23.72%
12 qtrssince 2020-Q2
Decreased
0

AXON ENTERPRISE INC

365,633$82.2M1.2%$155.92+44.20%
14 qtrssince 2019-Q4
Increased
55

TRANSMEDICS GROUP INC

1.1M$81.2M1.1%$37.90+99.83%
4 qtrssince 2022-Q2
Decreased
0

E L F BEAUTY INC

981,351$80.8M1.1%$34.39+129.52%
5 qtrssince 2022-Q1
Decreased
0

INSPIRE MED SYS INC

339,153$79.4M1.1%$179.47+32.61%
17 qtrssince 2019-Q1
Increased
53

WILLSCOT HLDGS CORP

1.6M$77.3M1.1%$35.31+29.62%
7 qtrssince 2021-Q3
Decreased
0

VISTEON CORP

483,657$75.9M1.1%$113.13+35.94%
5 qtrssince 2022-Q1
Increased
48
HDBHDB
ADR

HDFC BANK LTD

1.1M$75.4M1.1%$29.18+9.25%
17 qtrssince 2019-Q1
Increased
61

KINSALE CAP GROUP INC

245,161$73.6M1.0%$231.05+27.71%
6 qtrssince 2021-Q4
Decreased
0
TCOMTCOM
ADR

TRIP COM GROUP LTD

1.9M$70.3M1.0%$28.32+32.35%
4 qtrssince 2022-Q2
Increased
47

CAMECO CORP

2.5M$66.6M0.9%$24.23+7.39%
7 qtrssince 2021-Q3
Increased
51
620,044$66.1M0.9%——
2 qtrssince 2022-Q4
Increased
67

XPONENTIAL FITNESS INC

2.2M$65.8M0.9%$13.53+116.32%
7 qtrssince 2021-Q3
Decreased
0

LIBERTY MEDIA CORP-LIBERTY-C

851,686$63.7M0.9%$61.44+33.85%
8 qtrssince 2021-Q2
Increased
67
$7.1B
AUM
378
Positions
Q1 2023
Filing
HI score · 1.5/5
Quarterly 13F Value Change
+16%Q4'21$9.8B-17%Q1'22$8.1B-24%Q2'22$6.2B+7%Q3'22$6.6B+2%Q4'22$6.7B+6%Q1'23$7.1B
Activity profile
$ moved · Q1'23
New29%Increased23%Decreased23%Exited24%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 2.0 years
<1Q13%1-4Q17%1-2Y20%2Y+50%

DRIEHAUS CAPITAL MANAGEMENT LLC manages $7.1B across 378 positions as of Q1 2023. Top holdings: TSM (4.7%), XENE (2.3%), IBN (1.6%). Fund DNA: Diversified Scout. HoldingsIntel Score: 1.5/5.0.

Q1 2023 Summary

Active quarter - 114 new positions, 82 exits, 114 increased. Top move: MS5 (INCREASED, conviction 67). Portfolio: $7.1B across 378 positions.

Top holdings by portfolio weight

Total AUM$7B
TSM4.74%
XENE2.34%
IBN1.58%
ACLS1.36%
ATI1.20%
PI1.20%
CRNX1.19%
AXON1.15%
TMDX1.14%
ELF1.13%
Other1.11%

Portfolio allocation by GICS sector

Sectors11
Technology20.54%
Industrials17.85%
Healthcare15.74%
Consumer Cyclical14.96%
Unknown11.16%
Financial Services6.65%
Consumer Defensive4.89%
Communication Services3.50%
Energy2.86%
Basic Materials1.24%
Other0.61%

Behavioral investing profile

Checking access…
Diversified Scout- primarily Technology, Industrials, Healthcare
Compare DNA across all funds
7-dimension, SEC 13F-derived research score
Below Average(1.5 / 5.0)
Holdings P&L47
Conviction38
Concentration25
Checking access…

Position Outcomes

Best and worst performing positions by estimated return

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Similar Funds

Funds with similar investing DNA

Accumulation Streaks

Positions with 2+ consecutive quarters of increases - persistent directional conviction.

Security
5Q
EWTXEWTXEDGEWISE THERAPEUTICS INC
Q2 2025 → Q2 2026+3.4M shares+$161.9M
5Q
IMAXIMAXIMAX CORP
Q2 2025 → Q2 2026+1.9M shares+$82.1M
4Q
IMNMIMNMIMMUNOME INC
Q3 2025 → Q2 2026+4.1M shares+$90M
Checking access…

Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

Verify source filings on SEC EDGAR

Analytics tracking helps us improve the product. Essential functions stay on either way. How analytics data is used