NEXT CENTURY GROWTH INVESTORS LLC

PrivateCIK: 1134007

Location

PLYMOUTH, MN

113

Positions

$1.89B

Total AUM (reported)

34.84M

Total Shares

Allocation by class

COM$1.89B100.0%

Portfolio Concentration

Top 3$193.00M10.2%

4–10$333.57M17.7%

11–25$483.77M25.7%

Rest$875.51M46.4%

Top 3 weight

10.2%

Top 10 weight

27.9%

Voting Authority Distribution

Total shares with voting rights: 34.84M

Sole

Full voting authority

32.24M

% of voting shares92.5%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

2.60M

% of voting shares7.5%

Investment Discretion (by position count)

Sole113

Shared0

Other0

Dominant voting typeSole · 92.5% of voting shares

Institutional Holdings113

Rows:

Xometry Inc

SOLE

COM

Shares723.35K

TypeSH

Market value$69.82M

3.70%

Sole

638.81K

Shared

0.00

None

84.54K

Ligand Pharmaceuticals

SOLE

COM

Shares198.54K

TypeSH

Market value$62.76M

3.33%

Sole

177.56K

Shared

0.00

None

20.98K

Alignment Healthcare

SOLE

COM

Shares2.54M

TypeSH

Market value$60.42M

3.20%

Sole

2.26M

Shared

0.00

None

275.17K

Astronics Corp

SOLE

COM

Shares743.09K

TypeSH

Market value$60.38M

3.20%

Sole

661.23K

Shared

0.00

None

81.85K

Lincoln Educational Services

SOLE

COM

Shares1.18M

TypeSH

Market value$58.66M

3.11%

Sole

1.06M

Shared

0.00

None

112.69K

Mirum Pharmaceuticals

SOLE

COM

Shares420.21K

TypeSH

Market value$49.19M

2.61%

Sole

376.13K

Shared

0.00

None

44.08K

BillionToOne

SOLE

COM

Shares364.47K

TypeSH

Market value$43.73M

2.32%

Sole

327.45K

Shared

0.00

None

37.01K

Global-E Online

SOLE

COM

Shares1.17M

TypeSH

Market value$40.70M

2.16%

Sole

1.05M

Shared

0.00

None

121.43K

Universal Technical Institute

SOLE

COM

Shares949.38K

TypeSH

Market value$40.60M

2.15%

Sole

852.58K

Shared

0.00

None

96.80K

Axogen Inc

SOLE

COM

Shares872.55K

TypeSH

Market value$40.30M

2.14%

Sole

777.29K

Shared

0.00

None

95.26K

Aehr Test Systems

SOLE

COM

Shares410.73K

TypeSH

Market value$39.45M

2.09%

Sole

370.27K

Shared

0.00

None

40.46K

Agilysys

SOLE

COM

Shares366.05K

TypeSH

Market value$38.25M

2.03%

Sole

330.29K

Shared

0.00

None

35.77K

MYR Group Inc

SOLE

COM

Shares73.54K

TypeSH

Market value$36.80M

1.95%

Sole

66.67K

Shared

0.00

None

6.87K

Park AeroSpace

SOLE

COM

Shares957.57K

TypeSH

Market value$36.54M

1.94%

Sole

892.46K

Shared

0.00

None

65.11K

Mama's Creations

SOLE

COM

Shares1.99M

TypeSH

Market value$35.53M

1.88%

Sole

1.84M

Shared

0.00

None

149.99K

IPG Photonics Corp

SOLE

COM

Shares270.75K

TypeSH

Market value$31.76M

1.68%

Sole

239.88K

Shared

0.00

None

30.88K

Saia Inc

SOLE

COM

Shares75.42K

TypeSH

Market value$31.76M

1.68%

Sole

63.76K

Shared

0.00

None

11.65K

Ultra Clean Holdings

SOLE

COM

Shares220.12K

TypeSH

Market value$31.39M

1.66%

Sole

187.63K

Shared

0.00

None

32.49K

RBC Bearings Inc

SOLE

COM

Shares47.56K

TypeSH

Market value$30.63M

1.62%

Sole

40.38K

Shared

0.00

None

7.18K

Guardant Health

SOLE

COM

Shares200.67K

TypeSH

Market value$30.11M

1.60%

Sole

170.16K

Shared

0.00

None

30.51K

FTAI Aviation

SOLE

COM

Shares106.99K

TypeSH

Market value$28.94M

1.53%

Sole

89.90K

Shared

0.00

None

17.10K

Knight-Swift Transportation Ho

SOLE

COM

Shares370.81K

TypeSH

Market value$28.87M

1.53%

Sole

297.84K

Shared

0.00

None

72.97K

Almonty Industries

SOLE

COM

Shares1.74M

TypeSH

Market value$28.82M

1.53%

Sole

1.59M

Shared

0.00

None

148.44K

Innodata Inc

SOLE

COM

Shares365.75K

TypeSH

Market value$27.64M

1.47%

Sole

334.45K

Shared

0.00

None

31.30K

Vericel Corp

SOLE

COM

Shares612.58K

TypeSH

Market value$27.25M

1.45%

Sole

572.99K

Shared

0.00

None

39.59K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
Xometry IncSOLE	COM	723.35K	SH	$69.82M 3.70%	638.81K	84.54K
Ligand PharmaceuticalsSOLE	COM	198.54K	SH	$62.76M 3.33%	177.56K	20.98K
Alignment HealthcareSOLE	COM	2.54M	SH	$60.42M 3.20%	2.26M	275.17K
Astronics CorpSOLE	COM	743.09K	SH	$60.38M 3.20%	661.23K	81.85K
Lincoln Educational ServicesSOLE	COM	1.18M	SH	$58.66M 3.11%	1.06M	112.69K
Mirum PharmaceuticalsSOLE	COM	420.21K	SH	$49.19M 2.61%	376.13K	44.08K
BillionToOneSOLE	COM	364.47K	SH	$43.73M 2.32%	327.45K	37.01K
Global-E OnlineSOLE	COM	1.17M	SH	$40.70M 2.16%	1.05M	121.43K
Universal Technical InstituteSOLE	COM	949.38K	SH	$40.60M 2.15%	852.58K	96.80K
Axogen IncSOLE	COM	872.55K	SH	$40.30M 2.14%	777.29K	95.26K
Aehr Test SystemsSOLE	COM	410.73K	SH	$39.45M 2.09%	370.27K	40.46K
AgilysysSOLE	COM	366.05K	SH	$38.25M 2.03%	330.29K	35.77K
MYR Group IncSOLE	COM	73.54K	SH	$36.80M 1.95%	66.67K	6.87K
Park AeroSpaceSOLE	COM	957.57K	SH	$36.54M 1.94%	892.46K	65.11K
Mama's CreationsSOLE	COM	1.99M	SH	$35.53M 1.88%	1.84M	149.99K
IPG Photonics CorpSOLE	COM	270.75K	SH	$31.76M 1.68%	239.88K	30.88K
Saia IncSOLE	COM	75.42K	SH	$31.76M 1.68%	63.76K	11.65K
Ultra Clean HoldingsSOLE	COM	220.12K	SH	$31.39M 1.66%	187.63K	32.49K
RBC Bearings IncSOLE	COM	47.56K	SH	$30.63M 1.62%	40.38K	7.18K
Guardant HealthSOLE	COM	200.67K	SH	$30.11M 1.60%	170.16K	30.51K
FTAI AviationSOLE	COM	106.99K	SH	$28.94M 1.53%	89.90K	17.10K
Knight-Swift Transportation HoSOLE	COM	370.81K	SH	$28.87M 1.53%	297.84K	72.97K
Almonty IndustriesSOLE	COM	1.74M	SH	$28.82M 1.53%	1.59M	148.44K
Innodata IncSOLE	COM	365.75K	SH	$27.64M 1.47%	334.45K	31.30K
Vericel CorpSOLE	COM	612.58K	SH	$27.25M 1.45%	572.99K	39.59K

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