NC
Next Century Growth Investors LLC's 13F Portfolio ($1.9B, Q2 2026)
Next Century Growth Investors LLCCIK: 0001134007
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$1.9B
Reporting period: 2026-06-30 · Number of holdings: 113
NEXT CENTURY GROWTH INVESTORS LLC disclosed 113 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.9B and a quarterly turnover rate of 64.1%.
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Personality snowflake
- Concentration
- 6.46
- Portfolio Stability
- 64.07
- Momentum
- 100
- Sector conviction
- 84.03
- Diversification
- 100
- Sizing Uniformity
- 90.88
Next Century Growth Investors LLC's disclosed holdings carry a Herfindahl concentration index of 0.016 — mathematically equivalent to about 62 equally-sized positions, well below its 113 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.91), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 38% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out AORT
Add LGND
+107.1% $43.6M
Sold out ATEC
Add BLLN
+302.4% $36.6M
Trim COHR
-92.3% -$22.9M
New buy IPGP
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | XMTR | Xometry Inc-a | Stock-Other | 3.70% | +1.37% | -8.14% | |
| 2 | LGND | Ligand Pharmaceuticals | Stock-Healthcare | 3.33% | +1.94% | +107.08% | |
| 3 | ALHC | Alignment Healthcare Inc | Stock-Other | 3.20% | +0.31% | +12.18% | |
| 4 | ATRO | Astronics CORP | Stock-Other | 3.20% | -0.60% | -5.50% | |
| 5 | LINC | Lincoln Educational Services | Stock-Other | 3.11% | +0.04% | +12.96% | |
| 6 | MIRM | Mirum Pharmaceuticals Inc | Stock-Other | 2.61% | +0.03% | +8.99% | |
| 7 | BLLN | Billiontoone Inc Cl A | Stock-Other | 2.32% | +1.80% | +302.44% | |
| 8 | GLBE | Global-E Online Ltd. | Stock-Other | 2.16% | +0.46% | +53.74% | |
| 9 | UTI | Universal Technical Institut | Stock-Other | 2.15% | -0.35% | -0.60% | |
| 10 | AXGN | Axogen Inc | Stock-Other | 2.14% | +0.06% | +0.76% | |
| 11 | AEHR | Aehr Test Systems | Stock-Other | 2.09% | +0.06% | -45.58% | |
| 12 | AGYS | Agilysys Inc | Stock-Other | 2.03% | +1.20% | +128.08% | |
| 13 | MYRG | Myr Group Inc/delaware | Stock-Industrials | 1.95% | -0.70% | -43.25% | |
| 14 | PKE | Park Aerospace CORP | Stock-Other | 1.94% | +0.61% | +42.46% | |
| 15 | MAMA | Mama's Creations Inc | Stock-Other | 1.88% | -0.06% | +14.00% | |
| 16 | IPGP | Ipg Photonics CORP | Stock-Tech | 1.68% | +1.68% | NEW | |
| 17 | SAIA | Saia Inc | Stock-Industrials | 1.68% | +0.63% | +83.27% | |
| 18 | UCTT | Ultra Clean Holdings Inc | Stock-Other | 1.66% | +0.40% | -21.54% | |
| 19 | RBC | RBC Bearings Inc | Stock-Industrials | 1.62% | +0.06% | +20.41% | |
| 20 | GH | Guardant Health Inc | Stock-Healthcare | 1.60% | +1.42% | +644.14% | |
| 21 | FTAI | FTAI Aviation Ltd. | Stock-Industrials | 1.53% | -0.21% | +8.91% | |
| 22 | KNX | Knight-swift Transportation | Stock-Industrials | 1.53% | +0.87% | +135.45% | |
| 23 | ALM | Almonty Industries Inc | Stock-Other | 1.53% | -0.38% | -4.32% | |
| 24 | INOD | Innodata Inc | Stock-Other | 1.47% | +0.44% | -0.72% | |
| 25 | VCEL | Vericel CORP | Stock-Other | 1.45% | +1.09% | +300.96% | |
| 26 | FPS | Forgent Power Solutions Inc | Stock-Other | 1.36% | +0.75% | +58.75% | |
| 27 | CVLG | Covenant Logistics Group Inc | Stock-Other | 1.29% | +0.71% | +87.17% | |
| 28 | MTSI | Macom Technology Solutions H | Stock-Tech | 1.29% | -0.81% | -51.04% | |
| 29 | CRS | Carpenter Technology | Stock-Industrials | 1.26% | -0.37% | -32.69% | |
| 30 | NVDA | Nvidia CORP | Stock-Tech | 1.20% | -0.23% | -0.03% | |
| 31 | IRTC | Irhythm Holdings Inc | Stock-Healthcare | 1.18% | -0.27% | +10.49% | |
| 32 | STRL | Sterling Infrastructure Inc | Stock-Industrials | 1.17% | -0.82% | -61.12% | |
| 33 | LSCC | Lattice Semiconductor CORP | Stock-Tech | 1.13% | -0.75% | -49.98% | |
| 34 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.13% | +0.32% | +53.16% | |
| 35 | AIP | Arteris Inc | Stock-Other | 1.13% | +0.43% | -25.85% | |
| 36 | FROG | JFrog Ltd. | Stock-Tech | 1.11% | +0.50% | +28.98% | |
| 37 | HTFL | Heartflow Inc | Stock-Other | 1.04% | -0.11% | +2.82% | |
| 38 | PAY | Paymentus Holdings Inc-a | Stock-Other | 0.99% | -1.14% | -33.31% | |
| 39 | SITM | Sitime CORP | Stock-Tech | 0.94% | -0.31% | -52.33% | |
| 40 | SVCO | Silvaco Group Inc | Stock-Other | 0.92% | +0.49% | +51.57% | |
| 41 | ✓ | Stock-Other | 0.90% | +0.90% | NEW | ||
| 42 | ORN | Orion Group Holdings Inc | Stock-Other | 0.88% | +0.36% | +50.48% | |
| 43 | BRZE | Braze Inc-a | Stock-Other | 0.86% | +0.86% | NEW | |
| 44 | ICHR | Ichor Holdings, Ltd. | Stock-Other | 0.85% | +0.22% | -23.74% | |
| 45 | BLFS | Biolife Solutions Inc | Stock-Other | 0.84% | +0.34% | +54.40% | |
| 46 | OUST | Ouster Inc | Stock-Other | 0.84% | +0.84% | NEW | |
| 47 | FEIM | Frequency Electronics Inc | Stock-Other | 0.81% | +0.12% | +6.63% | |
| 48 | AAPL | Apple Inc | Stock-Tech | 0.80% | -0.64% | -33.61% | |
| 49 | BROS | Dutch Bros Inc-class A | Stock-Consumer Disc | 0.78% | -0.44% | -38.85% | |
| 50 | TCMD | Tactile Systems Technology I | Stock-Other | 0.76% | -0.05% | +12.16% |
1–50 of 113
Portfolio Performance
Performance for Q3 2026
-10.8%
Performance Last 4 Quarters
+22.1%
- Stdev
- +26.3%
- Beta
- +1.7
- Alpha
- -19.3%
- Max Drawdown
- -20.4%
- Annualized Perf
- +12%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +0.92
- Stutzer
- +0.16
- Treynor
- +0.09
- Sterling
- +0.46
- Calmar
- +0.59
- Information Ratio
- -0.31
- Tracking Error
- +17%
- Stdev Down
- +16.1%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +49.4%
- Worst 12 Months
- -7.9%
- Efficiency Ratio
- +0.19
- Sharpe
- +0.56
- Stdev Sectors
- +13.9%
- Skewness
- +0.07
- Kurtosis
- -0.03
- Upside Potential
- +2.65
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 113 | $1.9B | 64 | ||
| 2026 Q1 | 112 | $1.4B | 51 | ||
| 2025 Q4 | 121 | $1.4B | 44 | ||
| 2025 Q3 | 124 | $1.4B | 79 | ||
| 2025 Q2 | 123 | $1.3B | 0 | ||
| 2025 Q1 | 123 | $1.1B | 100 | ||
| 2024 Q4 | 130 | $1.3B | 0 | ||
| 2024 Q3 | 127 | $1.2B | 0 | ||
| 2024 Q2 | 122 | $1.2B | 0 | ||
| 2024 Q1 | 120 | $1.2B | 0 | ||
| 2023 Q4 | 116 | $1.0B | 0 | ||
| 2023 Q3 | 109 | $919.5M | 0 | ||
| 2023 Q2 | 108 | $1.0B | 0 | ||
| 2023 Q1 | 104 | $908.7M | 0 | ||
| 2022 Q4 | 100 | $832.9M | 0 | ||
| 2022 Q3 | 103 | $820.0M | 0 | ||
| 2022 Q2 | 111 | $764.8M | 0 | ||
| 2022 Q1 | 117 | $1.0B | 0 | ||
| 2021 Q4 | 121 | $1.1B | 0 | ||
| 2021 Q3 | 129 | $1.2B | 0 | ||
| 2021 Q2 | 127 | $1.3B | 100 | ||
| 2021 Q1 | 129 | $1.3B | 39 | ||
| 2020 Q4 | 128 | $1.2B | 47 | ||
| 2020 Q3 | 128 | $961.3M | 31 | ||
| 2020 Q2 | 122 | $878.9M | 52 | ||
| 2020 Q1 | 125 | $616.2M | 46 | ||
| 2019 Q4 | 128 | $768.5M | 49 | ||
| 2019 Q3 | 125 | $621.5M | 42 | ||
| 2019 Q2 | 131 | $802.8M | 45 | ||
| 2019 Q1 | 123 | $748.7M | 31 | ||
| 2018 Q4 | 132 | $702.8M | 51 | ||
| 2018 Q3 | 133 | $862.3M | 44 | ||
| 2018 Q2 | 133 | $783.2M | 50 | ||
| 2018 Q1 | 139 | $749.5M | 32 | ||
| 2017 Q4 | 131 | $805.0M | 38 | ||
| 2017 Q3 | 146 | $833.7M | 44 | ||
| 2017 Q2 | 153 | $1.0B | 45 | ||
| 2017 Q1 | 147 | $1.2B | 54 | ||
| 2016 Q4 | 147 | $1.6B | 58 | ||
| 2016 Q3 | 180 | $2.2B | 49 | ||
| 2016 Q2 | 178 | $2.1B | 44 | ||
| 2016 Q1 | 165 | $2.1B | 43 | ||
| 2015 Q4 | 175 | $2.3B | 35 | ||
| 2015 Q3 | 176 | $2.4B | 42 | ||
| 2015 Q2 | 196 | $2.9B | 50 | ||
| 2015 Q1 | 198 | $2.8B | 43 | ||
| 2014 Q4 | 188 | $2.8B | 33 | ||
| 2014 Q3 | 184 | $2.8B | 48 | ||
| 2014 Q2 | 181 | $3.1B | 39 | ||
| 2014 Q1 | 185 | $3.4B | 42 | ||
| 2013 Q4 | 181 | $3.6B | 36 | ||
| 2013 Q3 | 175 | $3.5B | 45 | ||
| 2013 Q2 | 172 | $3.1B | 0 |
Holding changes this quarter
Next Century Growth Investors LLC's most significant position changes for 2026-06-30: Sold out: Artivion Inc (AORT); New buy: Ipg Photonics CORP (IPGP); Sold out: Alphatec Holdings Inc (ATEC); New buy: ; New buy: Braze Inc-a (BRZE).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | LGND | Ligand Pharmaceuticals | +1.9% | +107.08% | Add |
| 2 | BLLN | Billiontoone Inc Cl A | +1.8% | +302.44% | Add |
| 3 | IPGP | Ipg Photonics CORP | +1.7% | NEW | New buy |
| 4 | GH | Guardant Health Inc | +1.4% | +644.14% | Add |
| 5 | XMTR | Xometry Inc-a | +1.4% | -8.14% | Trim |
| 6 | AGYS | Agilysys Inc | +1.2% | +128.08% | Add |
| 7 | VCEL | Vericel CORP | +1.1% | +300.96% | Add |
| 8 | ✓ | +0.9% | NEW | New buy | |
| 9 | KNX | Knight-swift Transportation | +0.9% | +135.45% | Add |
| 10 | BRZE | Braze Inc-a | +0.9% | NEW | New buy |
| 11 | OUST | Ouster Inc | +0.8% | NEW | New buy |
| 12 | FPS | Forgent Power Solutions Inc | +0.8% | +58.75% | Add |
| 13 | CVLG | Covenant Logistics Group Inc | +0.7% | +87.17% | Add |
| 14 | DOCN | Digitalocean Holdings Inc | +0.7% | NEW | New buy |
| 15 | MXL | Maxlinear Inc | +0.6% | NEW | New buy |
| 16 | SAIA | Saia Inc | +0.6% | +83.27% | Add |
| 17 | PKE | Park Aerospace CORP | +0.6% | +42.46% | Add |
| 18 | ATROB | Astronics Corp-cl B | +0.6% | NEW | New buy |
| 19 | BLZE | Backblaze Inc-a | +0.6% | NEW | New buy |
| 20 | WLDN | Willdan Group Inc | +0.5% | NEW | New buy |
| 21 | VELO | Velo3d Inc | +0.5% | NEW | New buy |
| 22 | FROG | JFrog Ltd. | +0.5% | +28.98% | Add |
| 23 | SVCO | Silvaco Group Inc | +0.5% | +51.57% | Add |
| 24 | GLBE | Global-E Online Ltd. | +0.5% | +53.74% | Add |
| 25 | INOD | Innodata Inc | +0.4% | -0.72% | Trim |
| 26 | AIP | Arteris Inc | +0.4% | -25.85% | Trim |
| 27 | UCTT | Ultra Clean Holdings Inc | +0.4% | -21.54% | Trim |
| 28 | GHM | Graham CORP | +0.4% | NEW | New buy |
| 29 | ORN | Orion Group Holdings Inc | +0.4% | +50.48% | Add |
| 30 | BLFS | Biolife Solutions Inc | +0.3% | +54.40% | Add |
| 31 | GOOGL | Alphabet Inc-cl A | +0.3% | +53.16% | Add |
| 32 | ALHC | Alignment Healthcare Inc | +0.3% | +12.18% | Add |
| 33 | MRTN | Marten Transport LTD | +0.2% | +67.15% | Add |
| 34 | ICHR | Ichor Holdings, Ltd. | +0.2% | -23.74% | Trim |
| 35 | ✓ | +0.2% | NEW | New buy | |
| 36 | KOPN | Kopin CORP | +0.2% | +351.59% | Add |
| 37 | GKOS | Glaukos CORP | +0.2% | NEW | New buy |
| 38 | UMAC | Unusual Machines Inc /us | +0.2% | NEW | New buy |
| 39 | ADPT | Adaptive Biotechnologies | +0.2% | +20.91% | Add |
| 40 | SIBN | Si-bone Inc | +0.2% | +52.44% | Add |
| 41 | ASML | ASML Holding N.V. | +0.1% | NEW | New buy |
| 42 | MPTI | M-tron Industries Inc | +0.1% | +14.74% | Add |
| 43 | GE | General Electric | +0.1% | +47.87% | Add |
| 44 | ANET | Arista Networks Inc | +0.1% | NEW | New buy |
| 45 | FEIM | Frequency Electronics Inc | +0.1% | +6.63% | Add |
| 46 | AMD | Advanced Micro Devices | +0.1% | -20.59% | Trim |
| 47 | MRVL | Marvell Technology Inc | +0.1% | NEW | New buy |
| 48 | EQPT | Equipmentshare.com Inc-a | +0.1% | +89.28% | Add |
| 49 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | -0.03% | Trim |
| 50 | AAON | Aaon Inc | +0.1% | +1.38% | Add |
1–50 of 130
Filing History
FAQ
What is Next Century Growth Investors LLC and what type of investor is it?
Next Century Growth Investors LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.9B, spread across 113 disclosed positions.
What are Next Century Growth Investors LLC's largest equity positions?
Based on the latest 13F filing, Next Century Growth Investors LLC's top holdings by market value are:
1. Xometry Inc-a (XMTR) — $69.8M (3.7%)
2. Ligand Pharmaceuticals (LGND) — $62.8M (3.3%)
3. Alignment Healthcare Inc (ALHC) — $60.4M (3.2%)
4. Astronics CORP (ATRO) — $60.4M (3.2%)
5. Lincoln Educational Services (LINC) — $58.7M (3.1%)
What changes did Next Century Growth Investors LLC make in its most recent portfolio filing?
In the latest reported quarter, Next Century Growth Investors LLC made 130 notable position adjustments: 18 new positions were initiated, 38 existing holdings were added to, 57 positions were partially reduced, and 17 were completely exited. The largest of these moves: Sold out: Artivion Inc (AORT); New buy: Ipg Photonics CORP (IPGP); Sold out: Alphatec Holdings Inc (ATEC); New buy: ; New buy: Braze Inc-a (BRZE)
What sectors does Next Century Growth Investors LLC focus on?
Next Century Growth Investors LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 37.9%
• Information Technology: 32.2%
• Health Care: 16.8%
• Consumer Discretionary: 4.7%
• Communication Services: 3.9%
• Financials: 2.5%
Investment Profile
Next Century Growth Investors LLC returned an annualized 12.0% over the trailing 36 months — underperforming the S&P 500 by 19.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.70 (more volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 37.9% of the portfolio concentrated in Industrials.
Its turnover score has risen from 0 to 64 over the past 4 quarters — a shift toward more active trading.
It has added to its BLLN position over the past two quarters (+$40.7M, now $43.7M), while trimming PAY over the same stretch (-$18.7M, still holding $18.7M).
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Developer Access
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