1y return+54.6%S&P 500 +20.9%
3y return+96.5%S&P 500 +68.5%
5y return+57.5%S&P 500 +74.5%
10y return+333.2%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $433 against $357 in the S&P 500.2
Driehaus Capital Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| TSMTsmc | $470.2M | 2.7% | −22.2% |
| DFTXDefinium Therapeutics Inc | $322.0M | 1.9% | +15.8% |
| PRAXPraxis Precision Medicines Inc | $321.1M | 1.9% | +1.0% |
| XENEXenon Pharmaceuticals Inc | $266.7M | 1.5% | −1.6% |
| SIMOSilicon Motion Technology Corp | $262.0M | 1.5% | +54.1% |
| SYRESpyre Therapeutics Inc | $248.5M | 1.4% | |
| Crinetics Pharmaceuticals IncCUSIP 22663K107 | $241.9M | 1.4% | +1.1% |
| Apogee Therapeutics IncCUSIP 03770N101 | $231.0M | 1.3% | −9.4% |
| GHGuardant Health Inc | $230.1M | 1.3% | |
| PLPlanet Labs PBC | $222.7M | 1.3% | −15.1% |
| Credicorp LtdCUSIP G2519Y108 | $217.1M | 1.3% | +23.6% |
| EWTXEdgewise Therapeutics Inc | $192.1M | 1.1% | +5.6% |
| VICRVicor Corp | $188.6M | 1.1% | +162.1% |
| UCTTUltra Clean Holdings Inc | $186.7M | 1.1% | +23.2% |
| CWCurtiss-Wright Corp | $173.6M | 1.0% | +1.5% |
| XMTRXometry Inc | $170.7M | 1.0% | +16.9% |
| WULFTerawulf Inc | $152.2M | 0.9% | +1.7% |
| SEPNSepterna Inc | $148.5M | 0.9% | |
| NXTNextpower Inc | $143.8M | 0.8% | +16.4% |
| CECOCECO Environmental Corp | $141.6M | 0.8% | +143.9% |
| Credo Technology Group HoldingCUSIP G25457105 | $140.6M | 0.8% | New |
| CRSCarpenter Technology Corp | $140.1M | 0.8% | −28.0% |
| IBNICICI Bank Ltd | $140.1M | 0.8% | +13.4% |
| LASRnLight Inc | $138.3M | 0.8% | +12.0% |
| ONTOOnto Innovation Inc | $134.2M | 0.8% | +10.6% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| MODModine Manufacturing Co | December 31, 2022 | +1244.5% | $112.9M |
| TSMTsmc | June 30, 2020 | +741.2% | $470.2M |
| SYRESpyre Therapeutics Inc | September 30, 2023 | +624.7% | $248.5M |
| Apogee Therapeutics IncCUSIP 03770N101 | September 30, 2023 | +523.1% | $231.0M |
| SITMSiTime Corp | June 30, 2024 | +499.4% | $128.3M |
| WULFTerawulf Inc | June 30, 2025 | +463.9% | $152.2M |
| PLPlanet Labs PBC | June 30, 2025 | +443.1% | $222.7M |
| UCTTUltra Clean Holdings Inc | September 30, 2025 | +423.3% | $186.7M |
| CWCurtiss-Wright Corp | March 31, 2022 | +404.7% | $173.6M |
| XENEXenon Pharmaceuticals Inc | June 30, 2020 | +381.3% | $266.7M |
Sold off last quarter
- EYENational Vision Holdings Inc was $89.9M
- YUMCYum China Holdings Inc was $89.3M
- BBIOBridgebio Pharma Inc was $85.2M
- KRMNKarman Holdings Inc was $78.2M
- TechnipFMC PLCCUSIP G87110105 was $71.9M
- CGONCG oncology Inc was $67.7M
- FLSFlowserve Corp was $59.0M
- MEOHMethanex Corp was $58.0M
- Camtek Ltd/IsraelCUSIP M20791105 was $50.4M
- Nuvalent IncCUSIP 670703107 was $49.3M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +24.1% | +14.8% |
| March 31, 2026 | +1.7% | −4.6% |
| December 31, 2025 | +7.3% | +2.4% |
| September 30, 2025 | +14.1% | +7.8% |
| June 30, 2025 | +13.5% | +10.5% |
| March 31, 2025 | −14.4% | −4.6% |
| December 31, 2024 | +1.3% | +2.1% |
| September 30, 2024 | +6.3% | +5.4% |
| June 30, 2024 | +2.2% | +4.0% |
| March 31, 2024 | +13.9% | +10.0% |
| December 31, 2023 | +10.8% | +11.2% |
| September 30, 2023 | −5.7% | −3.6% |
| June 30, 2023 | +7.6% | +8.3% |
| March 31, 2023 | +4.5% | +7.0% |
| December 31, 2022 | +2.4% | +7.1% |
| September 30, 2022 | +3.5% | −5.3% |
| June 30, 2022 | −20.2% | −16.5% |
| March 31, 2022 | −15.8% | −4.9% |
| December 31, 2021 | +3.5% | +10.7% |
| September 30, 2021 | −3.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Driehaus Capital Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=938206&type=13F-HR&dateb=&owner=include&count=40CIK 938206
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/938206/000093820626000048/Filed August 14, 2026 · accession 0000938206-26-000048