DRIEHAUS CAPITAL MANAGEMENT LLCDRIEHAUS CAPITAL MANAGEMENT LLC

Institutional investor · Portfolio as of Q4 2025

Top Holdings404 positions

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Activity:
TSMTSM
ADR

Taiwan Semiconductor Mfg Co Lt

2.2M$657.5M4.5%$64.27+369.13%
28 qtrssince 2019-Q1
Decreased
0
CRNXCRNXDelisted

CRINETICS PHARMACEUTICALS IN

6.4M$297.3M2.0%$26.71+74.25%
23 qtrssince 2020-Q2
Decreased
0

PRAXIS PRECISION MEDICINES I

933,061$275M1.9%$161.00+83.06%
8 qtrssince 2024-Q1
Increased
76

Guardant Health, Inc.

2.1M$218.9M1.5%$44.67+128.66%
4 qtrssince 2025-Q1
Decreased
0

XENON PHARMACEUTICALS INC

4.5M$203.4M1.4%$28.88+52.80%
24 qtrssince 2020-Q1
Increased
53

PLANET LABS PBC

8.5M$167.8M1.1%$9.96+98.28%
3 qtrssince 2025-Q2
Decreased
0
APGEAPGEDelisted

APOGEE THERAPEUTICS INC

2.2M$164.8M1.1%$41.31+83.41%
10 qtrssince 2023-Q3
Increased
48

EOS ENERGY ENTERPRISES INC

14.3M$163.5M1.1%$8.05+41.03%
4 qtrssince 2025-Q1
Increased
77

Sitime Corp

412,873$145.8M1.0%$212.96+70.81%
7 qtrssince 2024-Q2
Decreased
0

Natera Inc

625,912$143.4M1.0%$88.50+158.86%
14 qtrssince 2022-Q3
Increased
46

CAMECO CORP

1.5M$139.3M0.9%$50.09+82.66%
18 qtrssince 2021-Q3
Decreased
0

Ftai Aviation Ltd

700,525$137.9M0.9%$52.86+270.33%
12 qtrssince 2023-Q1
Increased
46

RHYTHM PHARMACEUTICALS INC

1.3M$137.6M0.9%$46.34+130.98%
14 qtrssince 2022-Q3
Decreased
0
HDBHDB
ADR

HDFC BANK LTD

3.7M$136M0.9%$37.34-33.36%
3 qtrssince 2025-Q2
Increased
49

Credicorp LTD

472,044$135.5M0.9%$159.72+71.58%
8 qtrssince 2024-Q1
Increased
46

SEPTERNA INC

4.8M$134.1M0.9%$17.10+62.46%
5 qtrssince 2024-Q4
Decreased
0

Nu Holdings Ltd Cl A

7.7M$129M0.9%$15.30+10.36%
3 qtrssince 2025-Q2
Increased
67

BRIDGEBIO PHARMA INC

1.7M$128.6M0.9%$36.00+112.47%
4 qtrssince 2025-Q1
Increased
43

Impinj Inc

737,474$128.3M0.9%$176.69-0.75%
2 qtrssince 2025-Q3
Increased
57

Carpenter Technology Corp

403,296$127M0.9%$216.19+45.48%
6 qtrssince 2024-Q3
Increased
58
$14.7B
AUM
404
Positions
Q4 2025
Filing
HI score · 1.5/5
Quarterly 13F Value Change
+13%Q3'24$11.6B+4%Q4'24$12.1B-14%Q1'25$10.4B+20%Q2'25$12.5B+12%Q3'25$14B+5%Q4'25$14.7B
Activity profile
$ moved · Q4'25
New18%Increased32%Decreased27%Exited23%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 2.9 years
<1Q12%1-4Q20%1-2Y16%2Y+52%

DRIEHAUS CAPITAL MANAGEMENT LLC manages $14.7B across 404 positions as of Q4 2025. Top holdings: TSM (4.5%), CRNX (2.0%), PRAX (1.9%). Fund DNA: Diversified Scout. HoldingsIntel Score: 1.5/5.0.

Q4 2025 Summary

Active quarter - 89 new positions, 116 exits, 135 increased. Top move: EOSE (INCREASED, conviction 77). Portfolio: $14.7B across 404 positions.

Top holdings by portfolio weight

Total AUM$15B
TSM4.47%
CRNX2.02%
PRAX1.87%
GH1.49%
XENE1.38%
PL1.14%
APGE1.12%
EOSE1.11%
SITM0.99%
NTRA0.97%
Other0.95%

Portfolio allocation by GICS sector

Sectors11
Healthcare29.42%
Industrials21.40%
Technology18.10%
Consumer Cyclical9.17%
Financial Services9.07%
Energy5.01%
Basic Materials3.82%
Consumer Defensive1.70%
Communication Services0.90%
Unknown0.76%
Other0.66%

Behavioral investing profile

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Diversified Scout- primarily Healthcare, Industrials, Technology
Compare DNA across all funds
7-dimension, SEC 13F-derived research score
Below Average(1.5 / 5.0)
Holdings P&L46
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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