DRIEHAUS CAPITAL MANAGEMENT LLCDRIEHAUS CAPITAL MANAGEMENT LLC

Institutional investor · Portfolio as of Q3 2025

Top Holdings431 positions

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Activity:
TSMTSM
ADR

TAIWAN SEMICONDUCTOR MFG LTD

2.2M$626.6M4.5%$64.27+329.99%
27 qtrssince 2019-Q1
Decreased
0
CRNXCRNXDelisted

CRINETICS PHARMACEUTICALS IN

6.5M$270M1.9%$26.71+55.91%
22 qtrssince 2020-Q2
Increased
49

PLANET LABS PBC

14.4M$186.6M1.3%$9.96+28.47%
2 qtrssince 2025-Q2
Increased
78

SITIME CORP

575,208$173.3M1.2%$212.96+37.63%
6 qtrssince 2024-Q2
Increased
55

XENON PHARMACEUTICALS INC

4.2M$167.4M1.2%$27.52+41.91%
23 qtrssince 2020-Q1
Decreased
0
IBNIBN
ADR

ICICI BANK LIMITED

5.4M$162M1.2%$19.20+57.46%
27 qtrssince 2019-Q1
Decreased
0

ASTERA LABS INC

825,269$161.6M1.2%$96.63+102.62%
5 qtrssince 2024-Q3
Decreased
0

CAMECO CORP

1.7M$146.5M1.0%$50.09+67.10%
17 qtrssince 2021-Q3
Decreased
0

CURTISS WRIGHT CORP

268,835$146M1.0%$238.61+127.29%
15 qtrssince 2022-Q1
Decreased
0

RHYTHM PHARMACEUTICALS INC

1.4M$139.7M1.0%$46.34+117.93%
13 qtrssince 2022-Q3
Increased
52

FABRINET

373,436$136.2M1.0%$310.83+17.30%
2 qtrssince 2025-Q2
Increased
54

GUARDANT HEALTH INC

2.2M$134.5M1.0%$44.67+39.87%
3 qtrssince 2025-Q1
Decreased
0

CREDO TECHNOLOGY GROUP HOLDI

877,110$127.7M0.9%$92.59+57.26%
2 qtrssince 2025-Q2
Decreased
0

URANIUM ENERGY CORP

9.5M$126.6M0.9%$5.96+123.96%
14 qtrssince 2022-Q2
Decreased
0

STERLING INFRASTRUCTURE INC

357,683$121.5M0.9%$230.73+47.22%
2 qtrssince 2025-Q2
Decreased
0

COMMVAULT SYS INC

638,119$120.5M0.9%$156.34+0.58%
5 qtrssince 2024-Q3
Increased
44

CARVANA CO

317,908$119.9M0.9%$22.23+239.42%
9 qtrssince 2023-Q3
Decreased
0

AXON ENTERPRISE INC

164,990$118.4M0.8%$266.20+169.59%
24 qtrssince 2019-Q4
Decreased
0

CREDICORP LTD

442,153$117.7M0.8%$151.99+67.29%
7 qtrssince 2024-Q1
Increased
42

INTERDIGITAL INC

330,138$114M0.8%$267.26+28.01%
2 qtrssince 2025-Q2
Increased
61
$14B
AUM
431
Positions
Q3 2025
Filing
HI score · 2.0/5
Quarterly 13F Value Change
+3%Q2'24$10.3B+13%Q3'24$11.6B+4%Q4'24$12.1B-14%Q1'25$10.4B+20%Q2'25$12.5B+12%Q3'25$14B
Activity profile
$ moved · Q3'25
New24%Increased29%Decreased26%Exited21%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 2.7 years
<1Q13%1-4Q22%1-2Y14%2Y+50%

DRIEHAUS CAPITAL MANAGEMENT LLC manages $14B across 431 positions as of Q3 2025. Top holdings: TSM (4.5%), CRNX (1.9%), PL (1.3%). Fund DNA: Diversified Scout. HoldingsIntel Score: 2/5.0.

Q3 2025 Summary

Active quarter - 115 new positions, 100 exits, 142 increased. Top move: PL (INCREASED, conviction 78). Portfolio: $14.0B across 431 positions.

Top holdings by portfolio weight

Total AUM$14B
TSM4.49%
CRNX1.93%
PL1.34%
SITM1.24%
XENE1.20%
IBN1.16%
ALAB1.16%
CCJ1.05%
CW1.05%
RYTM1.00%
Other0.98%

Portfolio allocation by GICS sector

Sectors11
Industrials23.46%
Technology21.96%
Healthcare19.53%
Consumer Cyclical9.51%
Financial Services9.44%
Energy4.86%
Basic Materials4.60%
Consumer Defensive4.05%
Communication Services1.87%
Unknown0.43%
Other0.29%

Behavioral investing profile

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Diversified Scout- primarily Industrials, Technology, Healthcare
Compare DNA across all funds
7-dimension, SEC 13F-derived research score
Below Average(2.0 / 5.0)
Holdings P&L52
Conviction38
Concentration25
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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
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

Verify source filings on SEC EDGAR

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