NEXT CENTURY GROWTH INVESTORS LLC

CIK 0001134007 · Q2 2026

13F Equity AUM

$1.9B

+36.7% QoQ

Positions

113

+1 QoQ

AUM Rank

#1,607

Top 18%

Skill Alpha (FF)

+2.9%/yr^ns

No Clear Edge

Rank #1,098 · Top 13%

vs S&P +3.5%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 16.6%Top 10: 27.9%Top 20: 46.1%

XMTR3.7%

LGND3.3%

ALHC3.2%

ATRO3.2%

LINC3.1%

MIRM2.6%

BLLN2.3%

GLBE2.2%

UTI2.1%

AXGN2.1%

Others (103)72.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Industrials28.8%

Technology28.7%

Healthcare22.6%

Consumer Defensive7.6%

Consumer Cyclical4.0%

Unclassified3.3%

Financial Services3.1%

Other2.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 113Median: 0.62%Avg: 0.89%

0–0.5%

49(12.4%)

0.5–1%

27(19.7%)

1–3%

32(51.3%)

3–5%

5(16.6%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 113vs 20 funds

0%Low

113

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New18Increased38Decreased57Exited17

New Positions

IPGP1.7%

+271K

DPC Holdings0.9%

+347K

BRZE0.9%

+747K

OUST0.8%

+252K

DOCN0.7%

+80K

MXL0.6%

+94K

ATROB0.6%

+152K

BLZE0.6%

+687K

J2A0.5%

+126K

VELO0.5%

+553K

Increased

KOPN0.3%

+834K(+352%)

VCEL1.4%

+460K(+301%)

SVCO0.9%

+429K(+52%)

GLBE2.2%

+410K(+54%)

ORN0.9%

+332K(+50%)

PKE1.9%

+285K(+42%)

MRTN0.6%

+281K(+67%)

ALHC3.2%

+276K(+12%)

BLLN2.3%

+274K(+302%)

CVLG1.3%

+257K(+87%)

Decreased

PAY1.0%

-385,833(-33%)

AEHR2.1%

-344,006(-46%)

EVLV0.1%

-321,961(-40%)

AAOI0.4%

-270,742(-84%)

AIP1.1%

-152,406(-26%)

LSCC1.1%

-139,734(-50%)

PL0.3%

-129,847(-46%)

BROS0.8%

-129,299(-39%)

COHR0.2%

-101,581(-92%)

AII1.5%

-78,669(-4%)

Exited

-1,023,701

-2,370,377

-238,114

-431,900

-694,476

-277,288

-96,445

-774,436

-216,616

York Space Systems

-191,817

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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