NEXT CENTURY GROWTH INVESTORS LLC

Next Century Growth Investors LLC is an investment management firm based out of Minneapolis, Minnesota. The company was originally established in 1998 by founder Thomas L. Press, who is still with the company today acting as its Chairman and CEO. Next Century Growth Investors has grown from its inception to now operate with 9 employees of which 5 are investment professionals. The company conducts its research both internally and externall, utilizing a growth oriented methodology with a long term investment horizon. Next Century Growth Investors invests most heavily in the information technology sector, which alone makes up over a third of its total asset allocations, and also invests in the health care, making up another quarter of its allocations, consumer discretionary, finance, industrials, and transports sectors, among others to a lesser degree, in order of decreasing allocation. The company’s holdings are held for 7.3 quarters on average the Next Century Growth Investors has a turnover rate of 28% in the most recent quarter. Next Century Growth Investors currently holds over $3.1 billion in total assets under management spread across 68 accounts, all of which are discretionary accounts. Although its total number of accounts has been slowly decreasing in recent years, its total assets under management, despite some volatility, has been increasing, growing significantly from $1.5 billion back in 2010 to over twice that amount today. Next Century Growth Investors mainly caters to high net worth individuals and pension and profit sharing plans, which each make up over a quarter of the company’s client base, and also provides to charities, state and municipal government entities, investment companies, pooled investment vehicles, and corporations and other businesses, in order of decreasing clientele. The company has had zero disclosures reported thus far on the form ADV which is kept track of by the SEC.