NEXT CENTURY GROWTH INVESTORS LLC

Long Only Manager

NEXT CENTURY GROWTH INVESTORS LLC is a Long Only Manager based in Plymouth, MN led by Thomas Leigh Press, managing $1.4B across 122 long positions as of Q3 2025 with ATRO as the largest holding (4% allocation).

CEOThomas Leigh Press

Portfolio Value: $1.4B
Positions: 122
Top Holding: ATRO at 4.1%
Last Reported: Q3 2025

Address2 Carlson Parkway, Suite 125, Plymouth, MN, 55447, United States

Top Holdings

Largest long holdings in NEXT CENTURY GROWTH INVESTORS LLC's portfolio (28.5% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Astronics ATRO	Aerospace & Defense Industrials	$55.4M	4.10%	-$2.4M Sold	3.43% 1.2M shares	Q1 2021 Held for 4y 8m
2 Artivion AORT	Medical - Devices Healthcare	$44.4M	3.28%	+$1.8M Bought	2.22% 1.0M shares	Q2 2024 Held for 1y 5m
3 Xometry, Inc. XMTR	Industrial - Machinery Industrials	$44.0M	3.25%	+$1.9M Bought	1.59% 807.5K shares	Q4 2024 Held for 11 months
4 Alignment Healthcare ALHC	Medical - Healthcare Plans Healthcare	$39.7M	2.93%	+$1.8M Bought	1.15% 2.3M shares	Q4 2024 Held for 11 months
5 Universal Technical Institute UTI	Education & Training Services Consumer Defensive	$36.1M	2.67%	+$4.8M Bought	2.04% 1.1M shares	Q2 2024 Held for 1y 5m
6 Paymentus Holdings PAY	Information Technology Services Technology	$35.7M	2.64%	+$1.1M Bought	— 1.2M shares	Q3 2023 Held for 2y 2m
7 MYR Group MYRG	Engineering & Construction Industrials	$34.3M	2.54%	+$1.7M Bought	1.06% 165.0K shares	Q3 2023 Held for 2y 2m
8 Alphatec Holdings ATEC	Medical - Devices Healthcare	$33.1M	2.45%	+$3.2M Bought	1.54% 2.3M shares	Q2 2019 Held for 6y 5m
9 iRhythm Technologies IRTC	Medical - Devices Healthcare	$32.5M	2.41%	-$6.2M Sold	0.59% 189.1K shares	Q1 2025 Held for 8 months
10 Sterling Infrastructure, Inc. STRL	Engineering & Construction Industrials	$30.6M	2.26%	-$20.7M Sold	0.30% 90.1K shares	Q2 2024 Held for 1y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in NEXT CENTURY GROWTH INVESTORS LLC's latest filing

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Market Value

$1.4B

Prior: $1.3B

Q/Q Change

+4.47%

+$57.9M

Net Flows % of MV

-9.07%

Turnover Ratio

26.59%

New Purchases

25 stocks

$157.7M

Added To

59 stocks

+$96.3M

Sold Out Of

33 stocks

$278.2M

Reduced Holdings

30 stocks

-$98.4M

Increased Positions

Position	Shares Δ	Change
1 Applied Digital APLD	New	0 → 610.2K +$14.0M
2 MP Materials MP	New	0 → 203.1K +$13.6M
3 Karman Holdings Inc. KRMN	New	0 → 137.1K +$9.9M
4 Bloom Energy BE	New	0 → 113.5K +$9.6M
5 TeraWulf WULF	New	0 → 772.2K +$8.8M

Decreased Positions

Position	Shares Δ	Change
1 PAR Technology PAR	Sold	417.6K → 0 −$29.0M
2 Vericel VCEL	Sold	668.6K → 0 −$28.5M
3 CareDx CDNA	Sold	1.1M → 0 −$22.0M
4 ExlService Holdings EXLS	Sold	377.8K → 0 −$16.5M
5 ACV Auctions Inc. ACVA	Sold	962.9K → 0 −$15.6M