CIK: 0001134007
Total reported value
$1.4B
Reporting period: 2026-03-31 · Number of holdings: 112
NEXT CENTURY GROWTH INVESTORS LLC disclosed 112 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.4B and a quarterly turnover rate of 51.1%.
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Next Century Growth Investors LLC's disclosed holdings carry a Herfindahl concentration index of 0.016 — mathematically equivalent to about 64 equally-sized positions, well below its 112 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 0.87), 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 46% 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.
Add LINC
+31.5% $23.2M
Trim ATEC
-2.0% -$25.1M
Add AEHR
+36.6% $16.8M
Trim XMTR
-2.0% -$15.6M
Add GLBE
+177.5% $12.7M
Trim FROG
-50.0% -$14.0M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ATRO | Astronics CORP | Stock-Other | 3.80% | -0.22% | -26.35% | |
| 2 | LINC | Lincoln Educational Services | Stock-Other | 3.07% | +1.74% | +31.51% | |
| 3 | ALHC | Alignment Healthcare INC | Stock-Other | 2.89% | -0.28% | -2.00% | |
| 4 | AORT | Artivion INC | Stock-Other | 2.72% | -0.59% | -1.98% | |
| 5 | MYRG | Myr Group Inc/delaware | Stock-Industrials | 2.65% | +0.64% | -2.20% | |
| 6 | MIRM | Mirum Pharmaceuticals INC | Stock-Other | 2.58% | +0.56% | +4.76% | |
| 7 | UTI | Universal Technical Institut | Stock-Other | 2.50% | +0.46% | -14.96% | |
| 8 | XMTR | Xometry Inc-a | Stock-Other | 2.33% | -0.99% | -2.01% | |
| 9 | PAY | Paymentus Holdings Inc-a | Stock-Other | 2.13% | -0.46% | -1.97% | |
| 10 | MTSI | Macom Technology Solutions H | Stock-Tech | 2.10% | +0.61% | +3.82% | |
| 11 | AXGN | Axogen INC | Stock-Other | 2.08% | — | +8.26% | |
| 12 | AEHR | Aehr Test Systems | Stock-Other | 2.03% | +1.26% | +36.60% | |
| 13 | STRL | Sterling Infrastructure INC | Stock-Industrials | 1.99% | — | -17.74% | |
| 14 | AAOI | Applied Optoelectronics INC | Stock-Tech | 1.97% | +0.84% | -31.07% | |
| 15 | MAMA | Mama's Creations INC | Stock-Other | 1.94% | — | +3.25% | |
| 16 | ALM | Almonty Industries INC | Stock-Other | 1.91% | +0.77% | -1.95% | |
| 17 | COHR | Coherent CORP | Stock-Tech | 1.90% | +0.62% | +10.53% | |
| 18 | LSCC | Lattice Semiconductor CORP | Stock-Tech | 1.88% | — | -10.08% | |
| 19 | ATEC | Alphatec Holdings INC | Stock-Other | 1.87% | -1.66% | -1.98% | |
| 20 | ✓ | FTAI Aviation | Stock-Other | 1.74% | — | -16.69% | |
| 21 | GLBE | Global-E Online Ltd. | Stock-Other | 1.70% | +0.95% | +177.49% | |
| 22 | CRS | Carpenter Technology | Stock-Industrials | 1.63% | — | -2.35% | |
| 23 | RBC | RBC Bearings INC | Stock-Industrials | 1.56% | — | +7.44% | |
| 24 | IRTC | Irhythm Holdings INC | Stock-Healthcare | 1.45% | -0.68% | -2.04% | |
| 25 | AAPL | Apple INC | Stock-Tech | 1.44% | — | -1.66% | |
| 26 | NVDA | Nvidia CORP | Stock-Tech | 1.43% | — | -8.84% | |
| 27 | LGND | Ligand Pharmaceuticals | Stock-Healthcare | 1.39% | +1.39% | NEW | |
| 28 | PKE | Park Aerospace CORP | Stock-Other | 1.33% | +0.55% | +27.78% | |
| 29 | UCTT | Ultra Clean Holdings INC | Stock-Other | 1.26% | +1.26% | NEW | |
| 30 | SITM | Sitime CORP | Stock-Tech | 1.25% | — | +27.51% | |
| 31 | BROS | Dutch Bros Inc-class A | Stock-Consumer Disc | 1.22% | — | +7.74% | |
| 32 | HTFL | Heartflow INC | Stock-Other | 1.15% | +1.15% | NEW | |
| 33 | SAIA | Saia INC | Stock-Industrials | 1.05% | — | +33.87% | |
| 34 | INOD | Innodata INC | Stock-Other | 1.03% | — | +0.70% | |
| 35 | KRMN | Karman Holdings INC | Stock-Industrials | 0.99% | — | -26.31% | |
| 36 | LGN | Legence Corp-cl A | Stock-Other | 0.97% | — | -1.62% | |
| 37 | OLLI | Ollie's Bargain Outlet Holdi | Stock-Consumer Staples | 0.89% | — | +55.93% | |
| 38 | AGYS | Agilysys INC | Stock-Other | 0.83% | — | +93.38% | |
| 39 | TCMD | Tactile Systems Technology I | Stock-Other | 0.81% | — | +9.79% | |
| 40 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.81% | — | +13.27% | |
| 41 | MSFT | Microsoft CORP | Stock-Tech | 0.81% | -0.64% | -30.57% | |
| 42 | MOD | Modine Manufacturing Co | Stock-Consumer Disc | 0.79% | +0.79% | NEW | |
| 43 | APLD | Applied Digital CORP | Stock-Tech | 0.74% | -0.62% | -45.83% | |
| 44 | WULF | Terawulf INC | Stock-Financials | 0.73% | — | -41.17% | |
| 45 | CELH | Celsius Holdings INC | Stock-Consumer Staples | 0.71% | — | +11.84% | |
| 46 | AIP | Arteris INC | Stock-Other | 0.70% | — | +19.50% | |
| 47 | AVGO | Broadcom INC | Stock-Tech | 0.70% | — | -1.65% | |
| 48 | TMDX | Transmedics Group INC | Stock-Healthcare | 0.69% | — | -2.05% | |
| 49 | FEIM | Frequency Electronics INC | Stock-Other | 0.69% | — | -1.41% | |
| 50 | KMTS | Kestra Medical Technologies, Ltd. | Stock-Other | 0.66% | — | -1.78% |
Performance for Q3 2026
+2.8%
Performance Last 4 Quarters
+37.5%
Based on 76% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 112 | $1.4B | 51 | |
| 2025-12-31 | 121 | $1.4B | 44 | |
| 2025-09-30 | 124 | $1.4B | 79 | |
| 2025-06-30 | 123 | $1.3B | 0 | |
| 2025-03-31 | 123 | $1.1B | 100 | |
| 2024-12-31 | 130 | $1.3B | 0 | |
| 2024-09-30 | 127 | $1.2B | 0 | |
| 2024-06-30 | 122 | $1.2B | 0 | |
| 2024-03-31 | 120 | $1.2B | 0 | |
| 2023-12-31 | 116 | $1.0B | 0 | |
| 2023-09-30 | 109 | $919.5M | 0 | |
| 2023-06-30 | 108 | $1.0B | 0 | |
| 2023-03-31 | 104 | $908.7M | 0 | |
| 2022-12-31 | 100 | $832.9M | 0 | |
| 2022-09-30 | 103 | $820.0M | 0 | |
| 2022-06-30 | 111 | $764.8M | 0 | |
| 2022-03-31 | 117 | $1.0B | 0 | |
| 2021-12-31 | 121 | $1.1B | 0 | |
| 2021-09-30 | 129 | $1.2B | 0 | |
| 2021-06-30 | 127 | $1.3B | 100 | |
| 2021-03-31 | 129 | $1.3B | 39 | |
| 2020-12-31 | 128 | $1.2B | 47 | |
| 2020-09-30 | 128 | $961.3M | 31 | |
| 2020-06-30 | 122 | $878.9M | 52 | |
| 2020-03-31 | 125 | $616.2M | 46 | |
| 2019-12-31 | 128 | $768.5M | 49 | |
| 2019-09-30 | 125 | $621.5M | 42 | |
| 2019-06-30 | 131 | $802.8M | 45 | |
| 2019-03-31 | 123 | $748.7M | 31 | |
| 2018-12-31 | 132 | $702.8M | 51 | |
| 2018-09-30 | 133 | $862.3M | 44 | |
| 2018-06-30 | 133 | $783.2M | 50 | |
| 2018-03-31 | 139 | $749.5M | 32 | |
| 2017-12-31 | 131 | $805.0M | 38 | |
| 2017-09-30 | 146 | $833.7M | 44 | |
| 2017-06-30 | 153 | $1.0B | 45 | |
| 2017-03-31 | 147 | $1.2B | 54 | |
| 2016-12-31 | 147 | $1.6B | 58 | |
| 2016-09-30 | 180 | $2.2B | 49 | |
| 2016-06-30 | 178 | $2.1B | 44 | |
| 2016-03-31 | 165 | $2.1B | 43 | |
| 2015-12-31 | 175 | $2.3B | 35 | |
| 2015-09-30 | 176 | $2.4B | 42 | |
| 2015-06-30 | 196 | $2.9B | 50 | |
| 2015-03-31 | 198 | $2.8B | 43 | |
| 2014-12-31 | 188 | $2.8B | 33 | |
| 2014-09-30 | 184 | $2.8B | 48 | |
| 2014-06-30 | 181 | $3.1B | 39 | |
| 2014-03-31 | 185 | $3.4B | 42 | |
| 2013-12-31 | 181 | $3.6B | 36 | |
| 2013-09-30 | 175 | $3.5B | 45 | |
| 2013-06-30 | 172 | $3.1B | 0 |
Next Century Growth Investors LLC's most significant position changes for 2026-03-31: Sold out: Genedx Holdings CORP (WGS); Sold out: Coastal Financial Corp/wa (CCB); New buy: Ligand Pharmaceuticals (LGND); New buy: Ultra Clean Holdings INC (UCTT); New buy: Heartflow INC (HTFL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | LINC | Lincoln Educational Services | +1.7% | +31.51% | Add |
| 2 | AEHR | Aehr Test Systems | +1.3% | +36.60% | Add |
| 3 | GLBE | Global-E Online Ltd. | +1% | +177.49% | Add |
| 4 | AAOI | Applied Optoelectronics INC | +0.8% | -31.07% | Trim |
| 5 | ALM | Almonty Industries INC | +0.8% | -1.95% | Trim |
| 6 | MYRG | Myr Group Inc/delaware | +0.6% | -2.20% | Trim |
| 7 | COHR | Coherent CORP | +0.6% | +10.53% | Add |
| 8 | MTSI | Macom Technology Solutions H | +0.6% | +3.82% | Add |
| 9 | MIRM | Mirum Pharmaceuticals INC | +0.6% | +4.76% | Add |
| 10 | PKE | Park Aerospace CORP | +0.6% | +27.78% | Add |
| 11 | UTI | Universal Technical Institut | +0.5% | -14.96% | Trim |
| 12 | ATRO | Astronics CORP | -0.2% | -26.35% | Trim |
| 13 | ALHC | Alignment Healthcare INC | -0.3% | -2.00% | Trim |
| 14 | LEU | Centrus Energy Corp-class A | -0.4% | -57.67% | Trim |
| 15 | PAY | Paymentus Holdings Inc-a | -0.5% | -1.97% | Trim |
| 16 | ADPT | Adaptive Biotechnologies | -0.6% | -46.55% | Trim |
| 17 | AORT | Artivion INC | -0.6% | -1.98% | Trim |
| 18 | APLD | Applied Digital CORP | -0.6% | -45.83% | Trim |
| 19 | MSFT | Microsoft CORP | -0.6% | -30.57% | Trim |
| 20 | IRTC | Irhythm Holdings INC | -0.7% | -2.04% | Trim |
| 21 | ADMA | Adma Biologics INC | -0.9% | -29.65% | Trim |
| 22 | PL | Planet Labs Pbc | -0.9% | -73.57% | Trim |
| 23 | FROG | JFrog Ltd. | -0.9% | -50.03% | Trim |
| 24 | XMTR | Xometry Inc-a | -1% | -2.01% | Trim |
| 25 | ATEC | Alphatec Holdings INC | -1.7% | -1.98% | Trim |
| 26 | WGS | Genedx Holdings CORP | — | EXIT | Sold out |
| 27 | CCB | Coastal Financial Corp/wa | — | EXIT | Sold out |
| 28 | LGND | Ligand Pharmaceuticals | — | NEW | New buy |
| 29 | UCTT | Ultra Clean Holdings INC | — | NEW | New buy |
| 30 | HTFL | Heartflow INC | — | NEW | New buy |
| 31 | PEN | Penumbra INC | — | EXIT | Sold out |
| 32 | MOD | Modine Manufacturing Co | — | NEW | New buy |
| 33 | NTSK | Netskope Inc-cl A | — | EXIT | Sold out |
| 34 | CRDO | Credo Technology Group Holding Ltd | — | EXIT | Sold out |
| 35 | KNX | Knight-swift Transportation | — | NEW | New buy |
| 36 | ICHR | Ichor Holdings, Ltd. | — | NEW | New buy |
| 37 | FPS | Forgent Power Solutions INC | — | NEW | New buy |
| 38 | CVLG | Covenant Logistics Group INC | — | NEW | New buy |
| 39 | OWLT | Owlet INC | — | EXIT | Sold out |
| 40 | CAVA | Cava Group INC | — | NEW | New buy |
| 41 | PHAT | Phathom Pharmaceuticals INC | — | EXIT | Sold out |
| 42 | AVAV | Aerovironment INC | — | EXIT | Sold out |
| 43 | TEX | Terex CORP | — | NEW | New buy |
| 44 | FIGR | Figure Technology Solut-cl A | — | EXIT | Sold out |
| 45 | OPRX | Optimizerx CORP | — | EXIT | Sold out |
| 46 | ✓ | Pagaya Technologies LTD | — | EXIT | Sold out |
| 47 | TATT | TAT Technologies Ltd. | — | EXIT | Sold out |
| 48 | SVCO | Silvaco Group INC | — | NEW | New buy |
| 49 | SNOW | Snowflake INC | — | EXIT | Sold out |
| 50 | MRTN | Marten Transport LTD | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-14 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-13 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-14 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-13 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-14 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-12 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-12 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-13 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-13 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-14 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-12 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-13 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-14 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-14 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-14 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-13 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-12 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-12 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-13 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-12 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-14 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-13 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-14 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-14 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-14 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-14 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-14 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-11-14 | Amendment | View on EDGAR |
| 2013-06-30 | 2013-08-14 | 13F-HR | View on EDGAR |
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