Next Century Growth Investors 13F annual report

Next Century Growth Investors is an investment fund managing more than $1.2 trillion ran by Gina Nelson. There are currently 122 companies in Mrs. Nelson’s portfolio. The largest investments include TransMedics and Astronics, together worth $98.2 billion.

Limited to 30 biggest holdings

$1.2 trillion Assets Under Management (AUM)

As of 7th August 2024, Next Century Growth Investors’s top holding is 336,397 shares of TransMedics currently worth over $50.7 billion and making up 4.2% of the portfolio value. Relative to the number of outstanding shares of TransMedics, Next Century Growth Investors owns more than approximately 0.1% of the company. In addition, the fund holds 2,373,103 shares of Astronics worth $47.5 billion, whose value grew 0.8% in the past six months. The third-largest holding is Verra Mobility worth $41.3 billion and the next is NAPCO Security Technologies Inc worth $40.7 billion, with 783,449 shares owned.

Currently, Next Century Growth Investors's portfolio is worth at least $1.2 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Next Century Growth Investors

The Next Century Growth Investors office and employees reside in Plymouth, Minnesota. According to the last 13-F report filed with the SEC, Gina Nelson serves as the Operations at Next Century Growth Investors.

Recent trades

In the most recent 13F filing, Next Century Growth Investors revealed that it had opened a new position in Par Technology and bought 365,121 shares worth $17.2 billion. This means they effectively own approximately 0.1% of the company. Par Technology makes up 6.6% of the fund's Technology sector allocation and has grown its share price by 37.1% in the past year.

The investment fund also strengthened its position in Astronics by buying 142,442 additional shares. This makes their stake in Astronics total 2,373,103 shares worth $47.5 billion. Astronics soared 11.2% in the past year.

On the other hand, there are companies that Next Century Growth Investors is getting rid of from its portfolio. Next Century Growth Investors closed its position in Sprout Social on 14th August 2024. It sold the previously owned 503,928 shares for $30.1 billion. Gina Nelson also disclosed a decreased stake in TransMedics by 0.3%. This leaves the value of the investment at $50.7 billion and 336,397 shares.

One of the average hedge funds

The two most similar investment funds to Next Century Growth Investors are Atlas Infrastructure Partners (uk) and Ern. They manage $1.2 trillion and $1.2 trillion respectively.


Gina Nelson investment strategy

Next Century Growth Investors’s portfolio is diversified across 10 sectors. Currently, their heaviest sector is Industrials — making up 24.3% of the total portfolio value. The fund focuses on investments in the United States as 67.2% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 21% of the total holdings value. On the other hand, small-cap stocks make up only 2.5% of the portfolio. The average market cap of the portfolio companies is close to $80.3 billion.

The complete list of Next Century Growth Investors trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
TransMedics Group, Inc.
28.76%
336,397
$50,668,116,000 4.21%
Astronics Corp.
6.39%
2,373,103
$47,533,253,000 3.95%
Verra Mobility Corporation
7.27%
1,517,021
$41,262,971,000 3.43%
NAPCO Security Technologies Inc
6.33%
783,449
$40,700,175,000 3.38%
Tandem Diabetes Care Inc
7.21%
914,370
$36,839,967,000 3.06%
Q2 Holdings Inc
7.17%
556,599
$33,579,617,000 2.79%
AeroVironment Inc.
6.31%
182,238
$33,196,474,000 2.76%
Rxsight Inc
3.48%
528,296
$31,787,570,000 2.64%
Vertex Inc
33.46%
848,394
$30,584,603,000 2.54%
Sprout Social, Inc.
Closed
503,928
$30,089,540,000
Freshpet Inc
7.32%
208,545
$26,983,637,000 2.24%
Paymentus Holdings
92.19%
1,309,566
$24,881,754,000 2.07%
Macom Technology Solutions Hol
18.63%
211,955
$23,626,623,000 1.96%
Saia Inc.
14.58%
48,254
$22,886,389,000 1.90%
Flywire Corporation
7.37%
1,301,768
$21,335,977,000 1.77%
Kinsale Capital Group, Inc.
2.12%
52,419
$20,195,992,000 1.68%
Microsoft Corporation
0.28%
43,082
$19,255,499,000 1.60%
Agilysys, Inc
6.20%
183,010
$19,058,661,000 1.58%
Vericel Corp
2.60%
388,778
$17,837,134,000 1.48%
Par Technology Corp.
Opened
365,121
$17,193,547,000 1.43%
Alphatec Holdings Inc
0.59%
1,594,313
$16,660,570,000 1.38%
NVIDIA Corp
897.54%
133,930
$16,545,712,000 1.37%
MYR Group Inc
9.17%
117,276
$15,915,525,000 1.32%
Natera Inc
14.55%
142,013
$15,378,587,000 1.28%
SPS Commerce Inc.
14.48%
78,355
$14,743,276,000 1.22%
Procept Biorobotics
167.58%
239,591
$14,636,614,000 1.22%
Hexcel Corp.
23.01%
233,247
$14,566,275,000 1.21%
Celsius Holdings Inc
16.85%
253,391
$14,466,092,000 1.20%
Apple Computer Inc
53.50%
67,795
$14,278,982,000 1.19%
Innodata Inc
8.54%
893,727
$13,253,971,000 1.10%
CyberArk Software Ltd
62.16%
47,954
$13,111,582,000 1.09%
QuinStreet Inc
16.14%
766,385
$12,714,327,000 1.06%
Alphabet Inc
9.49%
67,384
$12,273,995,000 1.02%
Coherent Corp
Opened
166,862
$12,090,820,000 1.00%
Alkami Technology
13.91%
421,588
$12,006,826,000 1.00%
RBC Bearings Inc.
14.54%
43,555
$11,750,267,000 0.98%
Amazon.com Inc.
5.07%
60,154
$11,624,760,000 0.97%
ExlService Holdings Inc
14.56%
356,747
$11,187,585,000 0.93%
Medpace Holdings Inc
14.51%
26,632
$10,968,389,000 0.91%
SI-BONE Inc
21.00%
845,421
$10,931,293,000 0.91%
Smith Douglas Homes
159.16%
463,834
$10,844,438,000 0.90%
Credo Technology Group Holding
245.30%
336,260
$10,740,144,000 0.89%
Acv Auctions
61.07%
577,700
$10,543,025,000 0.88%
Treace Medical Concepts
Closed
769,808
$10,045,994,000
SEMrush Holdings, Inc.
7.57%
732,743
$9,811,428,000 0.81%
LGI Homes Inc
59.91%
108,985
$9,753,067,000 0.81%
Enfusion, Inc.
140.01%
1,121,623
$9,556,227,000 0.79%
Appfolio Inc
35.65%
38,052
$9,306,377,000 0.77%
Guidewire Software Inc
36.58%
66,477
$9,166,513,000 0.76%
FTAI Aviation Ltd
Opened
84,762
$8,749,981,000 0.73%
Kura Sushi USA, Inc.
25.74%
127,739
$8,059,053,000 0.67%
Universal Stainless And Alloy
Opened
293,181
$8,027,295,000 0.67%
Marten Transport, Ltd.
0.09%
432,474
$7,979,145,000 0.66%
Meta Platforms Inc
10.75%
14,578
$7,350,519,000 0.61%
Inspire Medical Systems Inc
Closed
32,457
$6,971,439,000
Dutch Bros Inc.
Opened
168,304
$6,967,785,000 0.58%
Progyny Inc
14.52%
237,238
$6,787,379,000 0.56%
Loar Holdings
Opened
124,967
$6,674,487,000 0.55%
Ryan Specialty Holdings
Closed
116,281
$6,453,595,000
Monday.com
7.50%
26,070
$6,276,613,000 0.52%
Eli Lilly And Company
13.95%
6,848
$6,200,042,000 0.51%
Cava Group
6.78%
66,375
$6,156,281,000 0.51%
Sterling Infrastruture
Opened
51,678
$6,115,574,000 0.51%
Lattice Semiconductor Corp.
36.34%
101,116
$5,863,716,000 0.49%
Clearwater Analytics Holdings, Inc.
39.24%
313,534
$5,806,649,000 0.48%
Bowhead Specialty Holdings
Opened
228,353
$5,786,465,000 0.48%
Costco Wholesale Corp
0.26%
6,083
$5,170,489,000 0.43%
ArcBest Corp
36.78%
48,276
$5,169,394,000 0.43%
Castle Biosciences, Inc.
7.91%
236,830
$5,155,789,000 0.43%
Grid Dynamics Holdings, Inc.
54.22%
484,603
$5,093,177,000 0.42%
Intapp
0.09%
137,194
$5,030,903,000 0.42%
Five9 Inc
6.00%
110,432
$4,870,051,000 0.40%
Accolade, Inc.
Closed
460,283
$4,823,765,000
Tactile Systems
46.32%
385,956
$4,608,314,000 0.38%
OrthoPediatrics corp
0.08%
157,746
$4,536,774,000 0.38%
ServiceNow Inc
22.68%
5,685
$4,472,218,000 0.37%
Orion Group Holdings Inc
Opened
468,742
$4,457,736,000 0.37%
Mama's Creations
Opened
658,842
$4,440,595,000 0.37%
Boeing Co.
0.27%
23,834
$4,338,026,000 0.36%
Visa Inc
0.26%
16,007
$4,201,357,000 0.35%
Neogenomics Inc.
10.60%
293,380
$4,069,180,000 0.34%
Workiva Inc
Closed
47,845
$4,057,256,000
Artivion Inc
Opened
157,195
$4,032,051,000 0.33%
Advanced Micro Devices Inc.
0.28%
24,849
$4,030,756,000 0.33%
Lincoln Educational Services Corp
Opened
331,584
$3,932,586,000 0.33%
Mastercard Incorporated
0.27%
8,847
$3,902,942,000 0.32%
Global-e Online
29.71%
107,597
$3,902,543,000 0.32%
Dexcom Inc
0.23%
32,811
$3,720,111,000 0.31%
Vertiv Holdings Co
15.88%
42,945
$3,717,748,000 0.31%
Quanta Services, Inc.
57.66%
14,398
$3,658,387,000 0.30%
Goldman Sachs Group Com
0.27%
8,025
$3,629,868,000 0.30%
Vertex Pharmaceuticals, Inc.
22.42%
7,697
$3,607,737,000 0.30%
Crowdstrike Holdings Inc
22.02%
9,413
$3,606,967,000 0.30%
JFrog Ltd
28.42%
95,504
$3,586,175,000 0.30%
Old Dominion Freight Line, Inc.
0.26%
19,404
$3,426,746,000 0.28%
AAON Inc.
Opened
38,784
$3,383,516,000 0.28%
Braze Inc
Closed
75,631
$3,350,453,000
Veracyte Inc
0.08%
147,879
$3,204,537,000 0.27%
Netflix.com
0.30%
4,725
$3,188,808,000 0.26%
Universal Technical Institute Inc
Opened
198,372
$3,120,391,000 0.26%
Penumbra Inc
18.75%
17,299
$3,113,301,000 0.26%
First Watch Restaurant Group
17.18%
174,617
$3,066,274,000 0.25%
Adobe Inc
17.29%
5,426
$3,014,360,000 0.25%
Arm Holdings
44.65%
18,303
$2,994,736,000 0.25%
Palo Alto Networks Inc
18.37%
8,562
$2,902,603,000 0.24%
Floor & Decor Holdings Inc
14.51%
29,012
$2,884,082,000 0.24%
Progressive Corp.
0.26%
13,672
$2,839,811,000 0.24%
Monolithic Power Systems Inc
0.24%
3,362
$2,762,488,000 0.23%
Permian Resrouces Corp
0.83%
167,401
$2,703,526,000 0.22%
Boston Scientific Corp.
0.28%
32,789
$2,525,080,000 0.21%
Symbotic Inc
0.25%
71,630
$2,518,510,000 0.21%
Knight-swift Transportation Ho
Closed
45,023
$2,477,165,000
Unitedhealth Group Inc
0.25%
4,833
$2,461,253,000 0.20%
Costar Group, Inc.
0.25%
32,784
$2,430,605,000 0.20%
Docebo Inc.
50.11%
62,743
$2,423,762,000 0.20%
Pdf Solution
0.09%
65,696
$2,390,020,000 0.20%
Paylocity Corp
15.15%
17,743
$2,339,414,000 0.19%
Globant Sa
Closed
11,316
$2,284,700,000
DoubleVerify Holdings, Inc.
Closed
64,193
$2,257,025,000
Arteris
Opened
278,562
$2,092,000,000 0.17%
Aehr Test Systems
Closed
165,276
$2,049,422,000
Goosehead Insurance Inc
70.88%
34,827
$2,000,462,000 0.17%
Century Communities Inc
60.44%
24,310
$1,985,154,000 0.16%
Evolv Technologies
Closed
443,157
$1,972,048,000
Intuitive Surgical Inc
0.30%
4,331
$1,926,645,000 0.16%
Chipotle Mexican Grill
4,891.80%
30,450
$1,907,692,000 0.16%
Lifemd
32.35%
277,644
$1,904,637,000 0.16%
Novo-nordisk A/s Spons Adr
55.29%
13,303
$1,898,870,000 0.16%
Cadence Design Sys Inc
0.25%
6,077
$1,870,196,000 0.16%
D.R. Horton Inc.
0.25%
13,120
$1,849,001,000 0.15%
Augmedix
Closed
362,307
$1,481,835,000
Potbelly Corp
0.08%
169,108
$1,357,937,000 0.11%
Workday Inc
0.27%
5,910
$1,321,239,000 0.11%
Lululemon Athletica inc.
Closed
3,181
$1,242,657,000
Shopify Inc
Opened
18,221
$1,203,497,000 0.10%
Tesla Motors Inc
30.33%
5,757
$1,139,195,000 0.09%
No transactions found
Showing first 500 out of 136 holdings