Driehaus Capital — Q2 2023 Portfolio

Q: What did Driehaus Capital buy in Q2 2023?

Driehaus Capital initiated 67 new positions and increased 90 existing holdings in Q2 2023.

13F Holdings Snapshot — Filed Aug 14, 2023

Historical snapshot from Q2 2023.View current holdings →

← Q1 2023Q3 2023 →

In Q2 2023, Driehaus Capital held 202 positions worth $4.5B. They initiated 67 new positions and exited 102. Their largest holding was XENE ($183.3M). Portfolio value shrank -9.0% versus the prior quarter.

Portfolio Value (13F)

$4.5B

Holdings

202

Top 10 Concentration

24.9%

QoQ Change

-9.0%

Turnover

11.4%

67 New 90 Increased 41 Decreased 102 Exited

Sector Breakdown

Biotechnology90%(186)

Other Healthcare10%(16)

New Positions (67)

ENVXEnovix Corp.

$39.9M

SSDSimpson Manufacturing Co., Inc.

$37.3M

GKOSGlaukos Corporation

$34.8M

FIVNFive9, Inc.

$26.6M

SMMTSummit Therapeutics Inc.

$22.4M

ACAArcosa, Inc.

$21.7M

PRIMPrimoris Services Corp.

$19.6M

ARWRArrowhead Pharmaceuticals Inc.

$18.1M

Exited (102)

XPELXpel, Inc.

Sold

WINGWingstop Inc.

Sold

WCCWesco International Inc.

Sold

WNCWabash National Corp.

Sold

VTSVitesse Energy, Inc.

Sold

VICIVici Properties Inc.

Sold

VMIValmont Industries Inc.

Sold

UTHRUnited Therapeutics Corporation

Sold

Q2 2023 Holdings (202)

#	Ticker	Company	Change	Value	% of Portfolio	SI % Float ?
1	XENE	Xenon Pharmaceuticals Inc.	Increased	$183.3M	4.12%	6.3%
2	CCJ	Cameco Corp.	Increased	$130.8M	2.94%	—
3	IBN	Icici Bank Ltd.	Increased	$120.8M	2.71%	1.1%
4	INSPOther Healthcare	Inspire Medical Systems, Inc.	Increased	$114.7M	2.58%	19.0%
5	ELF	e.l.f. Beauty, Inc.	Decreased	$101.8M	2.29%	8.2%
6	TMDXOther Healthcare	TransMedics Group, Inc.	Increased	$97.6M	2.19%	38.4%
7	ATI	Ati Inc.	Held	$95.6M	2.15%	5.3%
8	CRNX	Crinetics Pharmaceuticals Inc.	Held	$95.5M	2.14%	7.3%
9	CELH	Celsius Holdings, Inc.	Increased	$95.0M	2.13%	12.4%
10	IBP	Installed Building Products, Inc.	Increased	$75.8M	1.70%	7.9%
11	MNDY	monday.com Ltd.	Increased	$73.6M	1.65%	14.6%
12	AXON	Axon Enterprise, Inc.	Decreased	$67.8M	1.52%	5.7%
13	FTAIN	FTAI Aviation Ltd.	Increased	$65.8M	1.48%	—
14	TRPCF	Trip.com Group Ltd.	Held	$65.7M	1.48%	—
15	SAIA	Saia Inc.	Increased	$64.3M	1.44%	4.5%
16	HDB	Hdfc Bank Ltd.	Decreased	$63.3M	1.42%	0.7%
17	NUVL	Nuvalent Inc.	Increased	$60.8M	1.36%	6.2%
18	PCVX	Vaxcyte Inc.	Increased	$59.4M	1.33%	11.7%
19	SITE	SiteOne Landscape Supply, Inc.	Increased	$56.5M	1.27%	10.0%
20	WSC	WillScot Holdings Corp.	Decreased	$55.9M	1.26%	12.2%
21	WT	WisdomTree, Inc.	Increased	$54.1M	1.22%	17.6%
22	GTLS	Chart Industries Inc.	Increased	$51.6M	1.16%	10.9%
23	AGYS	Agilysys Inc.	Increased	$50.4M	1.13%	7.4%
24	VC	Visteon Corp.	Decreased	$49.8M	1.12%	18.0%
25	ATECOther Healthcare	Alphatec Holdings, Inc.	Increased	$49.6M	1.11%	10.5%
26	PCOR	Procore Technologies, Inc.	Increased	$48.9M	1.10%	15.2%
27	BRBR	Bellring Brands, Inc.	Increased	$47.5M	1.07%	12.1%
28	FSLY	Fastly, Inc.	Increased	$47.3M	1.06%	15.5%
29	GPCR	Structure Therapeutics Inc.	Decreased	$47.2M	1.06%	14.5%
30	FIX	Comfort Systems Usa Inc.	Increased	$42.0M	0.94%	2.8%
31	MELI	Mercadolibre Inc.	Decreased	$40.2M	0.90%	1.8%
32	ENVX	Enovix Corp.	New	$39.9M	0.90%	27.1%
33	FTI	TechnipFMC plc	Decreased	$39.3M	0.88%	3.5%
34	CALX	Calix, Inc.	Increased	$39.2M	0.88%	11.9%
35	RMBS	Rambus Inc.	Increased	$39.0M	0.88%	6.0%
36	XPOF	Xponential Fitness, Inc.	Increased	$38.4M	0.86%	50.2%
37	BLDR	Builders FirstSource, Inc.	Decreased	$38.3M	0.86%	10.2%
38	TMCIOther Healthcare	Treace Medical Concepts, Inc.	Increased	$37.8M	0.85%	3.8%
39	SSD	Simpson Manufacturing Co., Inc.	New	$37.3M	0.84%	4.1%
40	BAP	Credicorp Ltd.	Increased	$35.9M	0.81%	2.3%
41	ANET	Arista Networks, Inc.	Increased	$34.9M	0.78%	1.1%
42	MDB	MongoDB, Inc.	Increased	$34.9M	0.78%	3.6%
43	GKOSOther Healthcare	Glaukos Corporation	New	$34.8M	0.78%	7.9%
44	PWR	Quanta Services, Inc.	Increased	$33.9M	0.76%	2.4%
45	CPA	Copa Holdings, S.A.	Increased	$33.6M	0.75%	5.2%
46	DECK	Deckers Outdoor Corp.	Increased	$32.8M	0.74%	9.7%
47	FHN-PH	First Horizon Corp.	Increased	$32.5M	0.73%	—
48	PENOther Healthcare	Penumbra Inc.	Increased	$32.2M	0.72%	6.6%
49	GDEN	Golden Entertainment, Inc.	Held	$32.1M	0.72%	4.0%
50	APLS	Apellis Pharmaceuticals Inc.	Increased	$31.6M	0.71%	12.6%
51	YUMC	Yum China Holdings, Inc.	Held	$31.2M	0.70%	1.8%
52	BLD	TopBuild Corp.	Increased	$29.9M	0.67%	8.3%
53	CRS	Carpenter Technology Corp.	Increased	$29.2M	0.66%	3.0%
54	LSCC	Lattice Semiconductor Corp.	Increased	$27.5M	0.62%	10.8%
55	MGNI	Magnite, Inc.	Increased	$27.3M	0.61%	8.6%
56	NTRA	Natera Inc.	Increased	$27.0M	0.61%	4.5%
57	ABCM	Abcam plc	Increased	$26.7M	0.60%	—
58	FIVN	Five9, Inc.	New	$26.6M	0.60%	13.8%
59	BMEA	Biomea Fusion Inc.	Increased	$25.9M	0.58%	23.7%
60	FICO	Fair Isaac Corp.	Increased	$25.0M	0.56%	12.5%
61	DT	Dynatrace, Inc.	Increased	$24.3M	0.55%	5.7%
62	HWM	Howmet Aerospace Inc.	Increased	$23.5M	0.53%	2.6%
63	KRYS	Krystal Biotech Inc.	Increased	$23.3M	0.52%	19.2%
64	SMMT	Summit Therapeutics Inc.	New	$22.4M	0.50%	26.3%
65	MOD	Modine Manufacturing CO	Increased	$22.0M	0.49%	6.0%
66	ACA	Arcosa, Inc.	New	$21.7M	0.49%	3.6%
67	AAON	Aaon, Inc.	Decreased	$21.4M	0.48%	8.2%
68	APLD	Applied Digital Corp.	Decreased	$20.9M	0.47%	20.5%
69	OSW	Onespaworld Holdings Ltd.	Increased	$20.8M	0.47%	7.0%
70	EMBJ	Embraer S.A.	Increased	$20.4M	0.46%	1.1%
71	STRL	Sterling Infrastructure, Inc.	Decreased	$20.3M	0.46%	4.4%
72	SPXC	SPX Technologies, Inc.	Decreased	$20.0M	0.45%	4.2%
73	DUOL	Duolingo, Inc.	Increased	$19.7M	0.44%	20.4%
74	PRIM	Primoris Services Corp.	New	$19.6M	0.44%	12.8%
75	ARLO	Arlo Technologies, Inc.	Increased	$19.3M	0.43%	13.7%
76	HALO	Halozyme Therapeutics Inc.	Increased	$18.7M	0.42%	17.7%
77	ARWR	Arrowhead Pharmaceuticals Inc.	New	$18.1M	0.41%	10.6%
78	WFRD	Weatherford International plc	Increased	$17.9M	0.40%	6.6%
79	AXSM	Axsome Therapeutics Inc.	Increased	$17.9M	0.40%	9.8%
80	GXO	GXO Logistics, Inc.	New	$17.5M	0.39%	7.3%
81	LIN	Linde Plc	Increased	$17.4M	0.39%	1.3%
82	UEC	Uranium Energy Corp.	Increased	$17.2M	0.39%	14.8%
83	HIMSOther Healthcare	Hims & Hers Health, Inc.	Increased	$17.1M	0.38%	28.2%
84	TTI	Tetra Technologies Inc.	Decreased	$17.0M	0.38%	8.0%
85	HZNP	Horizon Therapeutics Public Ltd.		$16.9M	0.38%	—
86	IRWD	Ironwood Pharmaceuticals Inc.	New	$16.9M	0.38%	10.3%
87	LNTH	Lantheus Holdings Inc.	New	$16.6M	0.37%	6.8%
88	HURN	Huron Consulting Group Inc.	Increased	$16.3M	0.37%	5.3%
89	BLFY	Blue Foundry Bancorp	Increased	$15.7M	0.35%	3.8%
90	IPSC	Century Therapeutics, Inc.	Increased	$15.7M	0.35%	16.3%
91	GGAL	Grupo Financiero Galicia SA	Decreased	$15.5M	0.35%	18.9%
92	UUUU	Energy Fuels Inc.	Increased	$15.3M	0.34%	21.4%
93	RARE	Ultragenyx Pharmaceutical Inc.	New	$15.2M	0.34%	21.4%
94	PI	Impinj Inc.	Decreased	$14.8M	0.33%	13.0%
95	EXAS	Exact Sciences Corporation	Increased	$14.3M	0.32%	3.9%
96	MTH	Meritage Homes Corp.	Decreased	$14.2M	0.32%	9.0%
97	TERN	Terns Pharmaceuticals Inc.	Decreased	$14.2M	0.32%	7.0%
98	ARGX	argenx SE	Increased	$14.2M	0.32%	2.2%
99	SWTX	SpringWorks Therapeutics Inc.	Decreased	$14.0M	0.32%	—
100	EVR	Evercore Inc.	Held	$13.8M	0.31%	3.2%
101	DVAX	Dynavax Technologies Corporation	Decreased	$13.7M	0.31%	13.2%
102	RXSTOther Healthcare	RxSight Inc.	Held	$13.6M	0.31%	10.4%
103	ESAB	Esab Corp.	Increased	$13.1M	0.29%	10.3%
104	LRN	Stride, Inc.	Increased	$12.7M	0.29%	27.5%
105	ADMA	ADMA Biologics Inc.	New	$12.7M	0.28%	11.3%
106	CCXIW	Churchill Capital Corp XI	New	$12.6M	0.28%	—
107	HAYW	Hayward Holdings, Inc.	New	$12.5M	0.28%	4.9%
108	BLBD	Blue Bird Corp.	New	$12.5M	0.28%	16.6%
109	ATXS	Astria Therapeutics Inc.	Increased	$12.1M	0.27%	—
110	NBIX	Neurocrine Biosciences Inc.	Decreased	$12.0M	0.27%	7.5%
111	FLNC	Fluence Energy, Inc.	New	$12.0M	0.27%	44.3%
112	SYM	Symbotic Inc.	New	$11.5M	0.26%	31.8%
113	LECO	Lincoln Electric Holdings Inc.	Increased	$11.5M	0.26%	2.5%
114	SOJF	Southern CO	Decreased	$11.1M	0.25%	—
115	TCMDOther Healthcare	Tactile Systems Technology Inc.	New	$10.8M	0.24%	12.8%
116	YEXT	Yext, Inc.	New	$10.7M	0.24%	11.9%
117	VCYT	Veracyte, Inc.	Increased	$10.5M	0.24%	15.0%
118	BHVN	Biohaven Pharmaceutical Holding	Decreased	$10.4M	0.23%	16.1%
119	WW	WW International, Inc.	New	$10.4M	0.23%	19.4%
120	HLMN	Hillman Solutions Corp.	Held	$10.4M	0.23%	2.8%
121	PSMT	Pricesmart Inc.	Decreased	$9.3M	0.21%	9.7%
122	KALV	KalVista Pharmaceuticals, Inc.	Increased	$9.3M	0.21%	14.4%
123	HROW	Harrow, Inc.	Increased	$9.1M	0.21%	23.0%
124	TOST	Toast, Inc.	Increased	$9.1M	0.21%	6.8%
125	PHR	Phreesia, Inc.	Decreased	$9.1M	0.20%	6.0%
126	TGTX	TG Therapeutics Inc.	Decreased	$9.0M	0.20%	28.9%
127	MLYS	Mineralys Therapeutics, Inc.	Increased	$8.5M	0.19%	10.6%
128	PRCTOther Healthcare	PROCEPT BioRobotics Corp.	Decreased	$8.5M	0.19%	13.3%
129	HUBB	Hubbell Inc.	New	$8.5M	0.19%	5.6%
130	RELY	Remitly Global, Inc.	Increased	$8.5M	0.19%	10.0%
131	ETNB	89bio Inc.	Increased	$8.2M	0.18%	—
132	CLFD	Clearfield, Inc.	New	$8.1M	0.18%	11.7%
133	SKWD	Skyward Specialty Insurance Group, Inc.	New	$7.8M	0.18%	4.8%
134	MPWR	Monolithic Power Systems Inc.	New	$7.8M	0.17%	5.1%
135	NCLH	Norwegian Cruise Line Holdings Ltd.	New	$7.6M	0.17%	23.9%
136	RLAY	Relay Therapeutics Inc.	Decreased	$7.4M	0.17%	24.8%
137	ALNY	Alnylam Pharmaceuticals Inc.	Increased	$7.4M	0.17%	7.7%
138	NEO	Neogenomics Inc.	New	$7.1M	0.16%	13.0%
139	PODDOther Healthcare	Insulet Corp.	Decreased	$7.1M	0.16%	8.7%
140	LMATOther Healthcare	Lemaitre Vascular Inc.	New	$6.9M	0.16%	9.6%
141	IDYA	IDEAYA Biosciences Inc.	New	$6.2M	0.14%	11.1%
142	RVMD	Revolution Medicines Inc.	Increased	$5.8M	0.13%	5.9%
143	CRDO	Credo Technology Group Holding Ltd.	New	$5.8M	0.13%	6.7%
144	DAWN	Day One Biopharmaceuticals Inc.	Increased	$5.7M	0.13%	7.5%
145	GAMB	Gambling.com Group Ltd.	New	$5.4M	0.12%	4.5%
146	RVNC	Revance Therapeutics Inc.	New	$5.1M	0.11%	—
147	SVV	Savers Value Village, Inc.	New	$4.7M	0.11%	29.6%
148	MSFT	Microsoft Corp.	Increased	$3.5M	0.08%	0.8%
149	BRCB	Black Rock Coffee Bar, Inc.	New	$3.5M	0.08%	9.7%
150	CAVA	Cava Group, Inc.	New	$3.4M	0.08%	14.4%
151	FIVE	Five Below, Inc.	New	$3.1M	0.07%	5.3%
152	KNF	Knife River Corp.	New	$3.1M	0.07%	10.2%
153	AAPL	Apple Inc.	Increased	$3.0M	0.07%	0.8%
154	VITL	Vital Farms, Inc.	Decreased	$2.9M	0.06%	29.1%
155	KOD	Kodiak Sciences Inc.	New	$2.7M	0.06%	23.6%
156	TYRA	Tyra Biosciences, Inc.	Increased	$2.6M	0.06%	22.7%
157	FHTX	Foghorn Therapeutics Inc.		$2.4M	0.05%	6.6%
158	CLYM	Climb Bio, Inc.	Increased	$2.3M	0.05%	23.9%
159	ANNX	Annexon Biosciences Inc.	Decreased	$2.1M	0.05%	17.9%
160	SYRE	Spyre Therapeutics, Inc.	New	$2.1M	0.05%	15.4%
161	GOOG	Alphabet Inc.	Increased	$1.6M	0.04%	—
162	UBER	Uber Technologies, Inc.	Increased	$1.5M	0.03%	2.5%
163	NVDA	Nvidia Corp.	Increased	$1.5M	0.03%	1.3%
164	XOM	Exxon Mobil Corp.	Decreased	$1.4M	0.03%	1.1%
165	NFLX	Netflix Inc.	New	$1.3M	0.03%	2.0%
166	PANW	Palo Alto Networks Inc.	Increased	$1.1M	0.03%	2.7%
167	VERA	Vera Therapeutics Inc.	New	$1.1M	0.02%	27.2%
168	STOK	Stoke Therapeutics, Inc.	New	$1.1M	0.02%	18.5%
169	LRCX	Lam Research Corp.	New	$1.1M	0.02%	2.3%
170	CMG	Chipotle Mexican Grill Inc.	New	$832K	0.02%	3.4%
171	VSOGF	Vista Energy, S.A.B. de C.V.	Decreased	$825K	0.02%	—
172	OLMA	Olema Pharmaceuticals, Inc.	New	$782K	0.02%	20.4%
173	LLY	Eli Lilly & Co	New	$714K	0.02%	0.8%
174	MMYT	MakeMyTrip Ltd.	Decreased	$693K	0.02%	14.2%
175	GLD	Spdr Gold Trust	Decreased	$677K	0.02%	—
176	BA-PA	Boeing CO	New	$655K	0.01%	—
177	NOW	ServiceNow, Inc.	New	$638K	0.01%	2.9%
178	AVGO	Broadcom Inc.	New	$637K	0.01%	1.2%
179	GLOB	Globant S.A.	New	$634K	0.01%	28.3%
180	ROP	Roper Technologies Inc.	New	$598K	0.01%	5.3%
181	VRTX	Vertex Pharmaceuticals Inc.	New	$594K	0.01%	2.0%
182	BEIGF	BeOne Medicines Ltd.	Decreased	$589K	0.01%	—
183	PCAR	Paccar Inc.	New	$559K	0.01%	2.6%
184	KLAC	Kla Corp.	New	$552K	0.01%	2.1%
185	NTR	Nutrien Ltd.	New	$511K	0.01%	2.7%
186	PLDGP	Prologis, Inc.	Increased	$506K	0.01%	—
187	GLPGF	Galapagos NV		$457K	0.01%	—
188	BSXOther Healthcare	Boston Scientific Corp.	New	$441K	0.01%	2.9%
189	MRK	Merck & Co., Inc.	New	$409K	0.01%	1.1%
190	AZN	Astrazeneca Plc	New	$381K	0.01%	0.2%
191	RYTM	Rhythm Pharmaceuticals Inc.		$379K	0.01%	15.8%
192	TREX	Trex CO Inc.	New	$344K	0.01%	10.3%
193	RF-PF	Regions Financial Corp.	New	$308K	0.01%	—
194	SYKOther Healthcare	Stryker Corp.	New	$282K	0.01%	1.6%
195	ISRGOther Healthcare	Intuitive Surgical Inc.	New	$275K	0.01%	2.1%
196	ETN	Eaton Corp plc	New	$271K	0.01%	2.1%
197	EQIX	Equinix Inc.	New	$261K	0.01%	1.8%
198	FDX	Fedex Corp.	New	$252K	0.01%	2.3%
199	AXP	American Express CO	New	$224K	0.01%	2.1%
200	BKNG	Booking Holdings Inc.	New	$211K	0.00%	3.0%
201	TMOOther Healthcare	Thermo Fisher Scientific Inc.	Decreased	$205K	0.00%	1.5%
202	BTAI	BioXcel Therapeutics Inc.	Decreased	$148K	0.00%	10.8%

Top Movers This Quarter

Share changes reflect active decisions. Value changes include price moves.

PIIMPINJ INC

Decreased-$70.6M

-465K shares

CCJCAMECO CORP

Increased+$64.2M

+1.6M shares

XOMEXXON MOBIL CORP

Decreased-$47.6M

-434K shares

CELHCelsius Holdings, Inc.

Increased+$45.9M

+108K shares

ENVXEnovix Corp

New+$39.9M

+2.2M shares

Frequently asked questions

What stocks did Driehaus Capital own in Q2 2023?

Driehaus Capital held 202 biotech stocks in their 13F portfolio in Q2 2023. Their top positions include XENE, CCJ, IBN, INSP, ELF. The full holdings table is available on BiotechEdge with position sizes, quarter-over-quarter changes, and AI analysis.

How much was Driehaus Capital's portfolio worth in Q2 2023?

Driehaus Capital's tracked biotech portfolio was worth $4.5B across 202 positions, with total assets under management of approximately $28B. Portfolio values are based on 13F filings with the SEC.

What did Driehaus Capital buy in Q2 2023?

Driehaus Capital initiated 67 new positions in Q2 2023, including ENVX, SSD, GKOS, FIVN, SMMT and 62 more. They also increased 90 existing positions.

What did Driehaus Capital sell in Q2 2023?

Driehaus Capital fully exited 102 positions in Q2 2023, including XPEL, WING, WCC, WNC, VTS and 97 more. They also trimmed 41 existing positions.

Is Driehaus Capital a biotech fund?

Growth-oriented investment firm founded by Richard Driehaus (d. 2021), now led by CEO Steve Weber. Michael Caldwell manages the healthcare/life sciences portfolio, applying growth-at-a-reasonable-price philosophy to biotech with a focus on companies with accelerating revenue growth and approaching commercial inflection points.

Want AI analysis, insider signals, and catalyst overlays for Driehaus Capital?

View latest Driehaus Capital portfolio →

Ticker

Change

Value

XENE

Increased

$183.3M

CCJ

Increased

$130.8M

IBN

Increased

$120.8M

INSPOther Healthcare

Increased

$114.7M

ELF

Decreased

$101.8M

TMDXOther Healthcare

Increased

$97.6M

ATI

Held

$95.6M

CRNX

Held

$95.5M

CELH

Increased

$95.0M

IBP

Increased

$75.8M

MNDY

Increased

$73.6M

AXON

Decreased

$67.8M

FTAIN

Increased

$65.8M

TRPCF

Held

$65.7M

SAIA

Increased

$64.3M

HDB

Decreased

$63.3M

NUVL

Increased

$60.8M

PCVX

Increased

$59.4M

SITE

Increased

$56.5M

WSC

Decreased

$55.9M

Increased

$54.1M

GTLS

Increased

$51.6M

AGYS

Increased

$50.4M

Decreased

$49.8M

ATECOther Healthcare

Increased

$49.6M

PCOR

Increased

$48.9M

BRBR

Increased

$47.5M

FSLY

Increased

$47.3M

GPCR

Decreased

$47.2M

FIX

Increased

$42.0M

MELI

Decreased

$40.2M

ENVX

New

$39.9M

FTI

Decreased

$39.3M

CALX

Increased

$39.2M

RMBS

Increased

$39.0M

XPOF

Increased

$38.4M

BLDR

Decreased

$38.3M

TMCIOther Healthcare

Increased

$37.8M

SSD

New

$37.3M

BAP

Increased

$35.9M

ANET

Increased

$34.9M

MDB

Increased

$34.9M

GKOSOther Healthcare

New

$34.8M

PWR

Increased

$33.9M

CPA

Increased

$33.6M

DECK

Increased

$32.8M

FHN-PH

Increased

$32.5M

PENOther Healthcare

Increased

$32.2M

GDEN

Held

$32.1M

APLS

Increased

$31.6M

YUMC

Held

$31.2M

BLD

Increased

$29.9M

CRS

Increased

$29.2M

LSCC

Increased

$27.5M

MGNI

Increased

$27.3M

NTRA

Increased

$27.0M

ABCM

Increased

$26.7M

FIVN

New

$26.6M

BMEA

Increased

$25.9M

FICO

Increased

$25.0M

Increased

$24.3M

HWM

Increased

$23.5M

KRYS

Increased

$23.3M

SMMT

New

$22.4M

MOD

Increased

$22.0M

ACA

New

$21.7M

AAON

Decreased

$21.4M

APLD

Decreased

$20.9M

OSW

Increased

$20.8M

EMBJ

Increased

$20.4M

STRL

Decreased

$20.3M

SPXC

Decreased

$20.0M

DUOL

Increased

$19.7M

PRIM

New

$19.6M

ARLO

Increased

$19.3M

HALO

Increased

$18.7M

ARWR

New

$18.1M

WFRD

Increased

$17.9M

AXSM

Increased

$17.9M

GXO

New

$17.5M

LIN

Increased

$17.4M

UEC

Increased

$17.2M

HIMSOther Healthcare

Increased

$17.1M

TTI

Decreased

$17.0M

HZNP

$16.9M

IRWD

New

$16.9M

LNTH

New

$16.6M

HURN

Increased

$16.3M

BLFY

Increased

$15.7M

IPSC

Increased

$15.7M

GGAL

Decreased

$15.5M

UUUU

Increased

$15.3M

RARE

New

$15.2M

Decreased

$14.8M

EXAS

Increased

$14.3M

MTH

Decreased

$14.2M

TERN

Decreased

$14.2M

ARGX

Increased

$14.2M

SWTX

Decreased

$14.0M

100

EVR

Held

$13.8M

101

DVAX

Decreased

$13.7M

102

RXSTOther Healthcare

Held

$13.6M

103

ESAB

Increased

$13.1M

104

LRN

Increased

$12.7M

105

ADMA

New

$12.7M

106

CCXIW

New

$12.6M

107

HAYW

New

$12.5M

108

BLBD

New

$12.5M

109

ATXS

Increased

$12.1M

110

NBIX

Decreased

$12.0M

111

FLNC

New

$12.0M

112

SYM

New

$11.5M

113

LECO

Increased

$11.5M

114

SOJF

Decreased

$11.1M

115

TCMDOther Healthcare

New

$10.8M

116

YEXT

New

$10.7M

117

VCYT

Increased

$10.5M

118

BHVN

Decreased

$10.4M

119

New

$10.4M

120

HLMN

Held

$10.4M

121

PSMT

Decreased

$9.3M

122

KALV

Increased

$9.3M

123

HROW

Increased

$9.1M

124

TOST

Increased

$9.1M

125

PHR

Decreased

$9.1M

126

TGTX

Decreased

$9.0M

127

MLYS

Increased

$8.5M

128

PRCTOther Healthcare

Decreased

$8.5M

129

HUBB

New

$8.5M

130

RELY

Increased

$8.5M

131

ETNB

Increased

$8.2M

132

CLFD

New

$8.1M

133

SKWD

New

$7.8M

134

MPWR

New

$7.8M

135

NCLH

New

$7.6M

136

RLAY

Decreased

$7.4M

137

ALNY

Increased

$7.4M

138

NEO

New

$7.1M

139

PODDOther Healthcare

Decreased

$7.1M

140

LMATOther Healthcare

New

$6.9M

141

IDYA

New

$6.2M

142

RVMD

Increased

$5.8M

143

CRDO

New

$5.8M

144

DAWN

Increased

$5.7M

145

GAMB

New

$5.4M

146

RVNC

New

$5.1M

147

SVV

New

$4.7M

148

MSFT

Increased

$3.5M

149

BRCB

New

$3.5M

150

CAVA

New

$3.4M

151

FIVE

New

$3.1M

152

KNF

New

$3.1M

153

AAPL

Increased

$3.0M

154

VITL

Decreased

$2.9M

155

KOD

New

$2.7M

156

TYRA

Increased

$2.6M

157

FHTX

$2.4M

158

CLYM

Increased

$2.3M

159

ANNX

Decreased

$2.1M

160

SYRE

New

$2.1M

161

GOOG

Increased

$1.6M

162

UBER

Increased

$1.5M

163

NVDA

Increased

$1.5M

164

XOM

Decreased

$1.4M

165

NFLX

New

$1.3M

166

PANW

Increased

$1.1M

167

VERA

New

$1.1M

168

STOK

New

$1.1M

169

LRCX

New

$1.1M

170

CMG

New

$832K

171

VSOGF

Decreased

$825K

172

OLMA

New

$782K

173

LLY

New

$714K

174

MMYT

Decreased

$693K

175

GLD

Decreased

$677K

176

BA-PA

New

$655K

177

NOW

New

$638K

178

AVGO

New

$637K

179

GLOB

New

$634K

180

ROP

New

$598K

181

VRTX

New

$594K

182

BEIGF

Decreased

$589K

183

PCAR

New

$559K

184

KLAC

New

$552K

185

NTR

New

$511K

186

PLDGP

Increased

$506K

187

GLPGF

$457K

188

BSXOther Healthcare

New

$441K

189

MRK

New

$409K

190

AZN

New

$381K

191

RYTM

$379K

192

TREX

New

$344K

193

RF-PF

New

$308K

194

SYKOther Healthcare

New

$282K

195

ISRGOther Healthcare

New

$275K

196

ETN

New

$271K

197

EQIX

New

$261K

198

FDX

New

$252K

199

AXP

New

$224K

200

BKNG

New

$211K

201

TMOOther Healthcare

Decreased

$205K

202

BTAI

Decreased

$148K

Frequently asked questions

What stocks did Driehaus Capital own in Q2 2023?

How much was Driehaus Capital's portfolio worth in Q2 2023?

Driehaus Capital's tracked biotech portfolio was worth $4.5B across 202 positions, with total assets under management of approximately $28B. Portfolio values are based on 13F filings with the SEC.

What did Driehaus Capital buy in Q2 2023?

Driehaus Capital initiated 67 new positions in Q2 2023, including ENVX, SSD, GKOS, FIVN, SMMT and 62 more. They also increased 90 existing positions.

What did Driehaus Capital sell in Q2 2023?

Driehaus Capital fully exited 102 positions in Q2 2023, including XPEL, WING, WCC, WNC, VTS and 97 more. They also trimmed 41 existing positions.

Is Driehaus Capital a biotech fund?