SEC 13F Intelligence

Managers / Q3 2023 · view latest →

DRIEHAUS CAPITAL MANAGEMENT LLC

CIK 0000938206 · 25 EAST ERIE ST, CHICAGO, IL, 60611 · 3125873800

Reported Value
$7.7B
Q3 2023
Positions
390
Filings on Record
31
2019–present window
Filed
Nov 14, 2023
original filing

Summary

Driehaus Capital Management LLC reported $7.7B in U.S.-listed holdings across 390 positions for Q3 2023.

Its largest position, TSM, represents 3.5% of the portfolio.

Compared with Q2 2023, the fund opened 87 new positions and exited 78.

Portfolio Metrics

Turnover
+26.1%
vs prior filed quarter
Top-10 Concentration
+18.4%
share of reported value
Largest Position
+3.5%
Taiwan Semiconductor Sp Adr
New / Exited
87 / 78
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $2.3BQ4 ’18Q1 ’19: $2.7BQ2 ’19: $3.2BQ3 ’19: $3.1BQ4 ’19: $3.8BQ4 ’19Q1 ’20: $3.0BQ2 ’20: $4.1BQ3 ’20: $4.9BQ4 ’20: $6.2BQ4 ’20Q1 ’21: $6.8BQ2 ’21: $7.5BQ3 ’21: $8.4BQ4 ’21: $9.8BQ4 ’21Q1 ’22: $8.1BQ2 ’22: $6.2BQ3 ’22: $6.6BQ4 ’22: $6.7BQ4 ’22Q1 ’23: $7.1BQ2 ’23: $7.9BQ3 ’23: $7.7BQ4 ’23: $8.3BQ4 ’23Q1 ’24: $10.0BQ2 ’24: $10.3BQ3 ’24: $11.6BQ4 ’24: $12.1BQ4 ’24Q1 ’25: $10.4BQ2 ’25: $12.5BQ3 ’25: $14.0BQ4 ’25: $14.7BQ4 ’25Q1 ’26: $13.6Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 72.8%ADR: 14.0%Other: 11.2%ETP: 1.9%Tracking Stk: 0.1%Other: 0.0%
  • Common Stock · 72.8% · $5.6B
  • ADR · 14.0% · $1.1B
  • Other · 11.2% · $861M
  • ETP · 1.9% · $145M
  • Tracking Stk · 0.1% · $7M
  • Other · 0.0% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CAMTEK LTDNEW+1.41M1.41M+$88M$88M
TDWTIDEWATER INCNEW+787.3K787.3K+$56M$56M
ONTOONTO INNOVATION INCNEW+379.2K379.2K+$48M$48M
NOBLE CORP PLCNEW+883.1K883.1K+$45M$45M
SNPSSYNOPSYS INCNEW+97.1K97.1K+$45M$45M
OLLIOLLIE'S BARGAIN OUTLET HOLDINEW+487.2K487.2K+$38M$38M
CTSHCOGNIZANT TECH SOLUTIONS-ANEW+535.1K535.1K+$36M$36M
FLRFLUOR CORPNEW+941.3K941.3K+$35M$35M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TSMTAIWAN SEMICONDUCTOR-SP ADRhistory →ADR3.47%$267M3.07M
2CCOCAMECO CORPhistory →ADR2.01%$155M3.90M
3XENEXENON PHARMACEUTICALS INChistory →ADR2.00%$154M4.51M
4CRNXCRINETICS PHARMACEUTICALS INhistory →COM1.98%$153M5.13M
5IBNICICI BANK LTD-SPON ADRhistory →ADR1.70%$131M5.65M
6SMCIUSDSUPER MICRO COMPUTER INChistory →COM1.65%$127M464.1K
7GPCRSTRUCTURE THERAPEUTICS INChistory →COM1.57%$120M2.39M
8CELHCELSIUS HOLDINGS INChistory →COM1.46%$112M655.5K
9KNSLKINSALE CAPITAL GROUP INChistory →COM1.37%$106M255.3K
10ATDATI INChistory →COM1.16%$89M2.17M
11CAMTEK LTDADR1.14%$88M1.41M
12TECHNIPFMC PLCADR1.10%$85M4.16M
13ELFELF BEAUTY INChistory →COM1.06%$81M739.5K
14CLVTRIP.COM GROUP LTD-ADRhistory →ADR1.04%$80M2.29M
15GTLSCHART INDUSTRIES INChistory →COM1.03%$79M469.6K
16ACLSAXCELIS TECHNOLOGIES INChistory →COM1.02%$79M483.5K
17MONDAY.COM LTDADR0.99%$76M479.7K
18FTAI AVIATION LTDCOM0.96%$74M2.07M
19WISDOMTREE INDIA EARNINGSCOM0.92%$71M1.93M
20SAIASAIA INChistory →COM0.90%$69M173.2K
21BRBRBELLRING BRANDS INC-CLASS Ahistory →COM0.88%$68M1.64M
22PCVXVAXCYTE INChistory →COM0.88%$67M1.32M
23AEHRAEHR TEST SYSTEMShistory →COM0.86%$66M1.45M
24NEW ORIENTAL EDUCATIO-SP ADRADR0.82%$63M1.07M
25PCORPROCORE TECHNOLOGIES INChistory →COM0.81%$62M951.6K
26AXONAXON ENTERPRISE INChistory →COM0.80%$62M309.1K
27FLYWFLYWIRE CORP-VOTINGhistory →COM0.76%$59M1.84M
28NUVLNUVALENT INC-Ahistory →COM0.74%$57M1.24M
29FMXFOMENTO ECONOMICO MEX-SP ADRhistory →ADR0.74%$57M521.2K
30TDWTIDEWATER INChistory →COM0.73%$56M787.3K
31SITESITEONE LANDSCAPE SUPPLY INChistory →COM0.72%$55M338.1K
32TMDXTRANSMEDICS GROUP INChistory →COM0.71%$55M1.00M
33MLB1MERCADOLIBRE INChistory →ADR0.71%$55M43.1K
34YUMCYUM CHINA HOLDINGS INChistory →ADR0.67%$51M921.2K
35FSSFEDERAL SIGNAL CORPhistory →COM0.65%$50M835.6K
36ONTOONTO INNOVATION INChistory →COM0.63%$48M379.2K
37WSCWILLSCOT MOBILE MINI HOLDINGShistory →COM0.59%$45M1.09M
38FNVFRANCO-NEVADA CORPhistory →ADR0.58%$45M336.6K
39NOBLE CORP PLCCOM0.58%$45M883.1K
40SNPSSYNOPSYS INChistory →COM0.58%$45M97.1K
41CYBERARK SOFTWARE LTD/ISRAELADR0.57%$44M267.4K
42ENVXENOVIX CORPhistory →COM0.57%$44M3.47M
43RELYREMITLY GLOBAL INChistory →COM0.53%$41M1.62M
44FIXCOMFORT SYSTEMS USA INChistory →COM0.51%$39M228.5K
45VTYXUSDVENTYX BIOSCIENCES INChistory →COM0.50%$38M1.11M
46PBRPETROLEO BRASILEIRO S.A.-ADRhistory →ADR0.50%$38M2.56M
47SPSCSPS COMMERCE INChistory →COM0.50%$38M224.6K
48AITAPPLIED INDUSTRIAL TECH INChistory →COM0.50%$38M246.6K
49DUOLDUOLINGOhistory →COM0.49%$38M228.9K
50FSLYFASTLY INC - CLASS Ahistory →COM0.49%$38M1.97M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$13.6B356May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$14.7B404Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$14.0B431Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$12.5B416Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$10.4B394May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$12.1B381Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$11.6B375Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$10.3B361Aug 15, 2024RESTATEMENTchanges · EDGAR ↗
Q1 2024$10.0B380May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$8.3B379Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$7.7B390Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$7.9B380Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$7.1B378May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$6.7B346Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$6.6B343Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$6.2B352Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$8.1B377May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$9.8B363Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$8.4B377Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$7.5B420Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$6.8B435May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$6.2B412Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$4.9B386Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$4.1B371Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$3.0B396May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$3.8B487Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$3.1B478Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$3.2B458Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.7B388May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$2.3B399Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.