Next Century Growth Investors

• 2Q26 NCG Performance and Commentary ↗ Next Century Growth Investors trimmed AI-exposed technology positions after sharp valuation expansion and redirected capital toward health care, industrials, financials and software. The firm favors smaller growth companies tied to semiconductors, data-center buildout, power infrastructure, aerospace and reshored manufacturing, while maintaining a selective stance on large-cap growth. 2Q26 —

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