- 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 —
One letter so far. We collect each new one as Next Century Growth Investors publishes it.