Institutional Manager · CIK 0001050442

DISCIPLINED GROWTH INVESTORS INC /MN

MINNEAPOLIS, MN · File #028-06630

Latest AUM

$5.22B

Positions

Top-10 Concentration

47.2%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	GARTNER INC COM	IT	+270,473	+$68.2M	-$918,016
REDUCE	INTERDIGITAL INC COM	IDCC	-181,788	-$57.9M	-$21.2M
ADD	CELSIUS HLDGS INC COM NEW	CELH	+836,947	+$38.3M	-$8.1M
REDUCE	YETI HLDGS INC COM	YETI	-640,067	-$28.3M	+$8.5M
REDUCE	PURE STORAGE INC CL A	74624M102	-262,776	-$17.6M	-$86.7M
ADD	KORNIT DIGITAL LTD SHS	KRNT	+1,196,115	+$17.2M	+$1.6M
REDUCE	CORE LABORATORIES INC	CLB	-802,946	-$12.9M	+$21.9M
REDUCE	ZETA GLOBAL HOLDINGS CORP CL A	ZETA	-614,443	-$12.5M	+$2.9M
EXITED	PROS HOLDINGS INC COM	74346Y103	-501,748	-$11.5M	$0
NEW	MONDAY LTD	MNDY	+72,949	+$10.8M	$0

Sector Allocation

Technology

53.7%$2.81B

Energy

10.8%$561.7M

Industrials

10.1%$528.4M

Consumer Discretionary

7.3%$381.9M

Healthcare

4.7%$245.1M

Communication Services

2.8%$146.2M

Consumer Staples

1.3%$69.8M

Filing History

Feb 17, 202613F HOLDINGS REPORTQ/E Dec 202561 pos · $5.22B
Nov 14, 202513F HOLDINGS REPORTQ/E Sep 202564 pos · $5.52B
Aug 14, 202513F HOLDINGS REPORTQ/E Jun 202564 pos · $5.23B
May 15, 202513F HOLDINGS REPORTQ/E Mar 202564 pos · $4.83B
Feb 14, 202513F HOLDINGS REPORTQ/E Dec 202465 pos · $5.26B
Nov 15, 202413F HOLDINGS REPORTQ/E Sep 202469 pos · $5.29B
Aug 15, 202413F HOLDINGS REPORTQ/E Jun 202466 pos · $5.31B
May 15, 202413F HOLDINGS REPORTQ/E Mar 202468 pos · $5.48B
Nov 15, 202313F HOLDINGS REPORTQ/E Dec 202365 pos · $4.20B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	PURE STORAGE INC CL A	74624M102	4,897,406	$328.2M	6.33%
2	GARMIN LTD SHS	GRMN	1,399,515	$283.9M	5.48%
3	SUPER MICRO COMPUTER INC COM N	SMCI	9,637,492	$282.1M	5.44%
4	EXPAND ENERGY CORPORATION COM	EXE	2,549,879	$281.4M	5.43%
5	ARISTA NETWORKS INC COM SHS	ANET	1,948,824	$255.4M	4.93%
6	PLEXUS CORP COM	PLXS	1,590,840	$233.9M	4.51%
7	SEMTECH CORP COM	SMTC	2,801,291	$206.4M	3.98%
8	VIASAT INC COM	VSAT	5,925,770	$204.2M	3.94%
9	INTERDIGITAL INC COM	IDCC	609,153	$193.9M	3.74%
10	COTERRA ENERGY INC COM	CTRA	6,777,536	$178.4M	3.44%
11	ALARM COM HLDGS INC COM	ALRM	3,417,517	$174.4M	3.36%
12	COGNEX CORP COM	CGNX	4,655,358	$167.5M	3.23%
13	AKAMAI TECHNOLOGIES COM	AKAM	1,774,883	$154.9M	2.99%
14	PROTO LABS INC COM	PRLB	2,673,729	$135.3M	2.61%
15	ALIGN TECHNOLOGY INC	ALGN	820,935	$128.2M	2.47%
16	MICROCHIP TECHNOLOGY INC. COM	MCHPP	1,785,355	$113.8M	2.19%
17	SNAP ON INC COM	SNA	327,754	$112.9M	2.18%
18	ZETA GLOBAL HOLDINGS CORP CL A	ZETA	5,500,408	$111.9M	2.16%
19	GENTEX CORP COM	GNTX	4,803,223	$111.8M	2.16%
20	STITCH FIX INC COM CL A	SFIX	19,477,691	$102.3M	1.97%