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Next Century Growth Investors LLC
Next Century Growth Investors LLC is a registered investment adviser headquartered in Plymouth, Minnesota. Founded in 1998, the firm focuses on growth equity strategies for institutional and high-net-worth clients. As of 2025, it has roughly 9 employees, over half of whom are investors, and serves clients seeking professionally managed portfolios primarily in public equities.
Investment Strategy
Next Century Growth Investors LLC employs a growth-oriented investment approach, primarily focusing on small- and mid-cap equities in the U.S. market. The strategy centers on identifying companies with strong revenue and earnings growth prospects, robust fundamentals, and the potential for long-term capital appreciation. The firm’s disciplined research process emphasizes in-depth fundamental analysis and leverages a concentrated portfolio to maximize returns for institutional and high-net-worth clients.
Latest 13F Filing Activity
Next Century Growth Investors LLC filed their most recent 13F report on Jun 30, 2025 disclosing 121 equity positions with a total 13F market value of $1B. The fund increased holdings in Sterling Infrastruture, Care DX, Transmedics Group Inc. among other positions. Next Century Growth Investors LLC reduced exposure to Grid Dynamics Holdings Inc., Genedx Holding Corp., Innodata Inc. among others.
Top Holdings
Equity Positions (121)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A ATRO | Astronics Corp | 3.28% | $42.4M | 1,267,874 | $16.30 | $33.48 | +$11.3M |
P PAY | Paymentus Holdings | 2.86% | $37.0M | 1,129,725 | $19.72 | $32.75 | +$1.6M |
S STRL | Sterling Infrastruture | 2.69% | $34.8M | 150,972 | $180.68 | $230.73 | +$25.6M |
I IRTC | IRhythm Technologies | 2.67% | $34.6M | 224,863 | $108.33 | $153.96 | +$12.8M |
U UTI | Universal Technical Institute | 2.51% | $32.5M | 958,891 | $18.01 | $33.89 | +$5.5M |
Industry Allocation
Investment Team (3)
| Name | Role | Location | |
|---|---|---|---|
J Joe Grundfeldt | Senior Equity Trader | Minneapolis, MN , United States | |
K Kaj Doerring | Portfolio Manager, Partner | Chanhassen, MN , United States | |
 | Portfolio manager | Minneapolis, MN , United States |
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