# EDGAR Filing Document

**Accession Number:** 0001026710
**File Stem:** 0001398344-25-015412
**Filing Date:** 2025-8
**Character Count:** 19762
**Document Hash:** 86c0d1404902a992c6ddfe2458b36b2f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-015412.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001398344-25-015412

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Granahan Investment Management, LLC
- **CENTRAL INDEX KEY:** 0001026710

**ORGANIZATION NAME:**
- **EIN:** 042856200
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05876
- **FILM NUMBER:** 251214728

**BUSINESS ADDRESS:**
- **STREET 1:** 404 WYMAN STREET
- **STREET 2:** SUITE 460
- **CITY:** WALTHAM
- **STATE:** MA
- **ZIP:** 02451
- **BUSINESS PHONE:** 7818904412

**MAIL ADDRESS:**
- **STREET 1:** 404 WYMAN STREET
- **STREET 2:** SUITE 460
- **CITY:** WALTHAM
- **STATE:** MA
- **ZIP:** 02451

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GRANAHAN INVESTMENT MANAGEMENT INC/MA
- **DATE OF NAME CHANGE:** 19990322

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Granahan Investment Management LLC<br>**Address:** 404 WYMAN STREET<br>SUITE 460<br>WALTHAM, MA 02451

**Form 13F File Number:** 028-05876

**CRD Number (if applicable):** 000107745

**SEC File Number (if applicable):** 801-23705

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Susan Rawley<br>**Title:** VP/Operations and Account Administration<br>**Phone:** 781-902-1413

**Signature, Place, and Date of Signing:**

/s/ Susan Rawley  Waltham, MA  08-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 153

**Form 13F Information Table Value Total:** $2456765650

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACV AUCTIONS INC | COM CL A | 00091G104 |  | 25449699 | 1569032 | SH |  | SOLE |  | 1250300 | 0 | 318732 |
| ADTRAN HOLDINGS INC | COM | 00486H105 |  | 1796870 | 200320 | SH |  | SOLE |  | 184777 | 0 | 15543 |
| AGILYSYS INC | COM | 00847J105 |  | 2780249 | 24252 | SH |  | SOLE |  | 21835 | 0 | 2417 |
| AGIOS PHARMACEUTICALS INC | COM | 00847X104 |  | 1393128 | 41886 | SH |  | SOLE |  | 37483 | 0 | 4403 |
| ALIGNMENT HEALTHCARE INC | COM | 01625V104 |  | 10458938 | 747067 | SH |  | SOLE |  | 640558 | 0 | 106509 |
| AMERESCO INC | CL A | 02361E108 |  | 6489122 | 427197 | SH |  | SOLE |  | 401970 | 0 | 25227 |
| ANAPTYSBIO INC | COM | 032724106 |  | 2922741 | 131655 | SH |  | SOLE |  | 118455 | 0 | 13200 |
| APOGEE THERAPEUTICS INC | COM | 03770N101 |  | 5695323 | 131138 | SH |  | SOLE |  | 120798 | 0 | 10340 |
| ARCHER AVIATION INC | COM CL A | 03945R102 |  | 35182427 | 3242620 | SH |  | SOLE |  | 2553873 | 0 | 688747 |
| ARCUS BIOSCIENCES INC | COM | 03969F109 |  | 3993590 | 490613 | SH |  | SOLE |  | 439327 | 0 | 51286 |
| ARTERIS INC | COM | 04302A104 |  | 717457 | 75284 | SH |  | SOLE |  | 75284 | 0 | 0 |
| ASTERA LABS INC | COM | 04626A103 |  | 7093992 | 78456 | SH |  | SOLE |  | 70789 | 0 | 7667 |
| AVEPOINT INC | COM CL A | 053604104 |  | 1919279 | 99393 | SH |  | SOLE |  | 93541 | 0 | 5852 |
| AXON ENTERPRISE INC | COM | 05464C101 |  | 69248074 | 83639 | SH |  | SOLE |  | 62179 | 0 | 21460 |
| AZENTA INC | COM | 114340102 |  | 249995 | 8122 | SH |  | SOLE |  | 8122 | 0 | 0 |
| BEL FUSE INC | CL B | 077347300 |  | 10639613 | 108912 | SH |  | SOLE |  | 86503 | 0 | 22409 |
| BIOLIFE SOLUTIONS INC | COM NEW | 09062W204 |  | 13854528 | 643200 | SH |  | SOLE |  | 550246 | 0 | 92954 |
| BOOT BARN HLDGS INC | COM | 099406100 |  | 3874936 | 25493 | SH |  | SOLE |  | 19705 | 0 | 5788 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 |  | 3570554 | 82690 | SH |  | SOLE |  | 74000 | 0 | 8690 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 |  | 64028678 | 231669 | SH |  | SOLE |  | 200568 | 0 | 31101 |
| CASELLA WASTE SYS INC | CL A | 147448104 |  | 36045635 | 312408 | SH |  | SOLE |  | 254165 | 0 | 58243 |
| CECO ENVIRONMENTAL CORP | COM | 125141101 |  | 9967696 | 352091 | SH |  | SOLE |  | 300617 | 0 | 51474 |
| CELESTICA INC | COM | 15101Q207 |  | 2438282 | 15619 | SH |  | SOLE |  | 14695 | 0 | 924 |
| CELLEBRITE DI LTD | ORDINARY SHARES | M2197Q107 |  | 3481168 | 217573 | SH |  | SOLE |  | 163594 | 0 | 53979 |
| CENTRUS ENERGY CORP | CL A | 15643U104 |  | 37867702 | 206724 | SH |  | SOLE |  | 163146 | 0 | 43578 |
| CERTARA INC | COM | 15687V109 |  | 4739296 | 405068 | SH |  | SOLE |  | 364689 | 0 | 40379 |
| CEVA INC | COM | 157210105 |  | 576272 | 26218 | SH |  | SOLE |  | 26218 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 6556906 | 80621 | SH |  | SOLE |  | 62366 | 0 | 18255 |
| CIRCLE INTERNET GROUP INC | COM CL A | 172573107 |  | 25150724 | 138732 | SH |  | SOLE |  | 105034 | 0 | 33698 |
| COGENT COMMUNICATIONS HLDGS | COM NEW | 19239V302 |  | 10822711 | 224491 | SH |  | SOLE |  | 182567 | 0 | 41924 |
| COLUMBUS MCKINNON CORP N Y | COM | 199333105 |  | 2817849 | 184535 | SH |  | SOLE |  | 164598 | 0 | 19937 |
| COMFORT SYS USA INC | COM | 199908104 |  | 36790441 | 68612 | SH |  | SOLE |  | 57712 | 0 | 10900 |
| COMMVAULT SYS INC | COM | 204166102 |  | 1881892 | 10795 | SH |  | SOLE |  | 10165 | 0 | 630 |
| COMPASS INC | CL A | 20464U100 |  | 28003594 | 4459171 | SH |  | SOLE |  | 3444050 | 0 | 1015121 |
| CONFLUENT INC | CLASS A COM | 20717M103 |  | 8078616 | 324052 | SH |  | SOLE |  | 291321 | 0 | 32731 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 7018723 | 411173 | SH |  | SOLE |  | 387984 | 0 | 23189 |
| CORVEL CORP | COM | 221006109 |  | 4509678 | 43877 | SH |  | SOLE |  | 39251 | 0 | 4626 |
| COSTAR GROUP INC | COM | 22160N109 |  | 24194933 | 300932 | SH |  | SOLE |  | 228828 | 0 | 72104 |
| CREDO TECHNOLOGY GROUP HOLDI | ORDINARY SHARES | G25457105 |  | 4013962 | 43352 | SH |  | SOLE |  | 39029 | 0 | 4323 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 8364639 | 20558 | SH |  | SOLE |  | 18457 | 0 | 2101 |
| DESCARTES SYS GROUP INC | COM | 249906108 |  | 36141611 | 355567 | SH |  | SOLE |  | 281908 | 0 | 73659 |
| DIGITAL TURBINE INC | COM NEW | 25400W102 |  | 19024910 | 3224561 | SH |  | SOLE |  | 3036970 | 0 | 187591 |
| E L F BEAUTY INC | COM | 26856L103 |  | 10965528 | 88119 | SH |  | SOLE |  | 82912 | 0 | 5207 |
| EDGEWISE THERAPEUTICS INC | COM | 28036F105 |  | 5315817 | 405478 | SH |  | SOLE |  | 374022 | 0 | 31456 |
| ENOVIX CORPORATION | COM | 293594107 |  | 15402092 | 1489564 | SH |  | SOLE |  | 1208838 | 0 | 280726 |
| ETORO GROUP LTD | SHS CL A | G32089107 |  | 13194143 | 198140 | SH |  | SOLE |  | 153297 | 0 | 44843 |
| EXACT SCIENCES CORP | COM | 30063P105 |  | 17138022 | 322507 | SH |  | SOLE |  | 278797 | 0 | 43710 |
| EXLSERVICE HOLDINGS INC | COM | 302081104 |  | 3784770 | 86430 | SH |  | SOLE |  | 77838 | 0 | 8592 |
| EYEPOINT PHARMACEUTICALS INC | COM NEW | 30233G209 |  | 3208659 | 340984 | SH |  | SOLE |  | 305164 | 0 | 35820 |
| FIRST WATCH RESTAURANT GROUP | COM | 33748L101 |  | 26419933 | 1647128 | SH |  | SOLE |  | 1278824 | 0 | 368304 |
| FIRSTSERVICE CORP NEW | COM | 33767E202 |  | 836779 | 4792 | SH |  | SOLE |  | 35 | 0 | 4757 |
| FTAI AVIATION LTD | SHS | G3730V105 |  | 14367921 | 124895 | SH |  | SOLE |  | 117538 | 0 | 7357 |
| GATES INDL CORP PLC | ORD SHS | G39108108 |  | 21377367 | 928240 | SH |  | SOLE |  | 789940 | 0 | 138300 |
| GENEDX HOLDINGS CORP | COM CL A | 81663L200 |  | 1066180 | 11550 | SH |  | SOLE |  | 10340 | 0 | 1210 |
| GENIUS SPORTS LIMITED | SHARES CL A | G3934V109 |  | 86697478 | 8336296 | SH |  | SOLE |  | 6938209 | 0 | 1398087 |
| GLOBAL E ONLINE LTD | SHS | M5216V106 |  | 31304358 | 933344 | SH |  | SOLE |  | 728798 | 0 | 204546 |
| GOOSEHEAD INS INC | COM CL A | 38267D109 |  | 776132 | 7356 | SH |  | SOLE |  | 31 | 0 | 7325 |
| GREEN BRICK PARTNERS INC | COM | 392709101 |  | 6558070 | 104295 | SH |  | SOLE |  | 78708 | 0 | 25587 |
| HARVARD BIOSCIENCE INC | COM | 416906105 |  | 666369 | 1501508 | SH |  | SOLE |  | 1404404 | 0 | 97104 |
| HEALTHEQUITY INC | COM | 42226A107 |  | 10519685 | 100417 | SH |  | SOLE |  | 86030 | 0 | 14387 |
| HUBSPOT INC | COM | 443573100 |  | 20787347 | 37345 | SH |  | SOLE |  | 27595 | 0 | 9750 |
| IMMUNOME INC | COM | 45257U108 |  | 3652584 | 392751 | SH |  | SOLE |  | 353611 | 0 | 39140 |
| IMMUNOVANT INC | COM | 45258J102 |  | 3409408 | 213088 | SH |  | SOLE |  | 190708 | 0 | 22380 |
| INDIE SEMICONDUCTOR INC | CLASS A COM | 45569U101 |  | 69375151 | 19487402 | SH |  | SOLE |  | 16303682 | 0 | 3183720 |
| INSMED INC | COM PAR $.01 | 457669307 |  | 11665887 | 115917 | SH |  | SOLE |  | 105530 | 0 | 10387 |
| INTELLIA THERAPEUTICS INC | COM | 45826J105 |  | 8569774 | 913622 | SH |  | SOLE |  | 836002 | 0 | 77620 |
| INTERDIGITAL INC | COM | 45867G101 |  | 2425272 | 10816 | SH |  | SOLE |  | 10176 | 0 | 640 |
| IRADIMED CORP | COM | 46266A109 |  | 448784 | 7506 | SH |  | SOLE |  | 7506 | 0 | 0 |
| IRHYTHM TECHNOLOGIES INC | COM | 450056106 |  | 1949749 | 12664 | SH |  | SOLE |  | 11934 | 0 | 730 |
| JBT MAREL CORPORATION | COM | 477839104 |  | 9688987 | 80567 | SH |  | SOLE |  | 65709 | 0 | 14858 |
| JFROG LTD | ORD SHS | M6191J100 |  | 10406932 | 237168 | SH |  | SOLE |  | 213385 | 0 | 23783 |
| KINIKSA PHARMACEUTICALS INTL | ORD SHS CL A | G52694109 |  | 8605149 | 310992 | SH |  | SOLE |  | 283842 | 0 | 27150 |
| KINSALE CAP GROUP INC | COM | 49714P108 |  | 7332537 | 15153 | SH |  | SOLE |  | 11797 | 0 | 3356 |
| KLAVIYO INC | COM SER A | 49845K101 |  | 16109938 | 479748 | SH |  | SOLE |  | 370655 | 0 | 109093 |
| KNIFE RIVER CORP | COMMON STOCK | 498894104 |  | 5645324 | 69149 | SH |  | SOLE |  | 58066 | 0 | 11083 |
| KORNIT DIGITAL LTD | SHS | M6372Q113 |  | 36423971 | 1829431 | SH |  | SOLE |  | 1391380 | 0 | 438051 |
| KURA SUSHI USA INC | CL A COM | 501270102 |  | 25622401 | 297658 | SH |  | SOLE |  | 224231 | 0 | 73427 |
| LATTICE SEMICONDUCTOR CORP | COM | 518415104 |  | 5558699 | 113466 | SH |  | SOLE |  | 93543 | 0 | 19923 |
| LENZ THERAPEUTICS INC | COM | 52635N103 |  | 5371116 | 183252 | SH |  | SOLE |  | 166712 | 0 | 16540 |
| LIFE TIME GROUP HOLDINGS INC | COMMON STOCK | 53190C102 |  | 50657469 | 1670210 | SH |  | SOLE |  | 1276677 | 0 | 393533 |
| LINDBLAD EXPEDITIONS HLDGS I | COM | 535219109 |  | 1868717 | 160130 | SH |  | SOLE |  | 150320 | 0 | 9810 |
| MAGNITE INC | COM | 55955D100 |  | 87863998 | 3642786 | SH |  | SOLE |  | 3046891 | 0 | 595895 |
| MAREX GROUP PLC | ORD | G5S37H101 |  | 81985229 | 2077153 | SH |  | SOLE |  | 1576629 | 0 | 500524 |
| MATERION CORP | COM | 576690101 |  | 9604167 | 121005 | SH |  | SOLE |  | 100456 | 0 | 20549 |
| MAYVILLE ENGR CO INC | COM | 578605107 |  | 7952948 | 498305 | SH |  | SOLE |  | 423439 | 0 | 74866 |
| MERUS N V | COM | N5749R100 |  | 4240559 | 80619 | SH |  | SOLE |  | 72139 | 0 | 8480 |
| MODINE MFG CO | COM | 607828100 |  | 10451244 | 106104 | SH |  | SOLE |  | 99889 | 0 | 6215 |
| MOONLAKE IMMUNOTHERAPEUTICS | CLASS A ORD | 61559X104 |  | 3793086 | 80362 | SH |  | SOLE |  | 71918 | 0 | 8444 |
| NATERA INC | COM | 632307104 |  | 3272537 | 19371 | SH |  | SOLE |  | 17395 | 0 | 1976 |
| NEXTRACKER INC | CLASS A COM | 65290E101 |  | 7057443 | 129804 | SH |  | SOLE |  | 122374 | 0 | 7430 |
| NORWEGIAN CRUISE LINE HLDG L | SHS | G66721104 |  | 12176396 | 600414 | SH |  | SOLE |  | 565104 | 0 | 35310 |
| NOVA LTD | COM | M7516K103 |  | 7582586 | 27553 | SH |  | SOLE |  | 24805 | 0 | 2748 |
| NPK INTERNATIONAL INC | COM SHS | 651718504 |  | 5594985 | 657460 | SH |  | SOLE |  | 618747 | 0 | 38713 |
| NUTANIX INC | CL A | 67059N108 |  | 14756666 | 193049 | SH |  | SOLE |  | 161062 | 0 | 31987 |
| ODDITY TECH LTD | SHS CL A | M7518J104 |  | 102288038 | 1355347 | SH |  | SOLE |  | 1040127 | 0 | 315220 |
| OKTA INC | CL A | 679295105 |  | 7241527 | 72437 | SH |  | SOLE |  | 65240 | 0 | 7197 |
| ONTO INNOVATION INC | COM | 683344105 |  | 3407195 | 33758 | SH |  | SOLE |  | 30402 | 0 | 3356 |
| ORTHOPEDIATRICS CORP | COM | 68752L100 |  | 20767465 | 966828 | SH |  | SOLE |  | 865373 | 0 | 101455 |
| OWLET INC | CL A NEW | 69120X206 |  | 1815517 | 216133 | SH |  | SOLE |  | 205963 | 0 | 10170 |
| PAR TECHNOLOGY CORP | COM | 698884103 |  | 18072897 | 260529 | SH |  | SOLE |  | 197483 | 0 | 63046 |
| PAYLOCITY HLDG CORP | COM | 70438V106 |  | 14687986 | 81064 | SH |  | SOLE |  | 62344 | 0 | 18720 |
| PHREESIA INC | COM | 71944F106 |  | 37077261 | 1302785 | SH |  | SOLE |  | 975309 | 0 | 327476 |
| PORCH GROUP INC | COM | 733245104 |  | 137138627 | 11631775 | SH |  | SOLE |  | 9498477 | 0 | 2133298 |
| POWELL INDS INC | COM | 739128106 |  | 9304626 | 44213 | SH |  | SOLE |  | 41603 | 0 | 2610 |
| PROS HOLDINGS INC | COM | 74346Y103 |  | 5351617 | 341738 | SH |  | SOLE |  | 269163 | 0 | 72575 |
| PROTHENA CORP PLC | SHS | G72800108 |  | 2798768 | 461082 | SH |  | SOLE |  | 417909 | 0 | 43173 |
| PTC INC | COM | 69370C100 |  | 7352369 | 42662 | SH |  | SOLE |  | 38423 | 0 | 4239 |
| PURE STORAGE INC | CL A | 74624M102 |  | 14518106 | 252138 | SH |  | SOLE |  | 217245 | 0 | 34893 |
| PURSUIT ATTRACTIONS AND HOSP | COM | 92552R406 |  | 565558 | 19617 | SH |  | SOLE |  | 11537 | 0 | 8080 |
| QUALYS INC | COM | 74758T303 |  | 4345534 | 30416 | SH |  | SOLE |  | 27387 | 0 | 3029 |
| QXO INC | COM NEW | 82846H405 |  | 13200660 | 612844 | SH |  | SOLE |  | 465233 | 0 | 147611 |
| RAMBUS INC DEL | COM | 750917106 |  | 8327786 | 130081 | SH |  | SOLE |  | 117177 | 0 | 12904 |
| RBC BEARINGS INC | COM | 75524B104 |  | 23852982 | 61988 | SH |  | SOLE |  | 52418 | 0 | 9570 |
| REDWIRE CORPORATION | COM | 75776W103 |  | 232601 | 14270 | SH |  | SOLE |  | 14270 | 0 | 0 |
| REPLIGEN CORP | COM | 759916109 |  | 16797021 | 135046 | SH |  | SOLE |  | 113273 | 0 | 21773 |
| REVOLUTION MEDICINES INC | COM | 76155X100 |  | 4480286 | 121780 | SH |  | SOLE |  | 108972 | 0 | 12808 |
| RHYTHM PHARMACEUTICALS INC | COM | 76243J105 |  | 2601659 | 41172 | SH |  | SOLE |  | 36852 | 0 | 4320 |
| SCHOLAR ROCK HLDG CORP | COM | 80706P103 |  | 2598942 | 73375 | SH |  | SOLE |  | 65663 | 0 | 7712 |
| SEMTECH CORP | COM | 816850101 |  | 44759741 | 991576 | SH |  | SOLE |  | 814056 | 0 | 177520 |
| SHARKNINJA INC | COM SHS | G8068L108 |  | 8750716 | 88400 | SH |  | SOLE |  | 83272 | 0 | 5128 |
| SHIFT4 PMTS INC | CL A | 82452J109 |  | 25478604 | 257074 | SH |  | SOLE |  | 241903 | 0 | 15171 |
| SI-BONE INC | COM | 825704109 |  | 23794634 | 1264327 | SH |  | SOLE |  | 1180678 | 0 | 83649 |
| SILICON LABORATORIES INC | COM | 826919102 |  | 2556696 | 17350 | SH |  | SOLE |  | 15632 | 0 | 1718 |
| SILICON MOTION TECHNOLOGY CO | SPONSORED ADR | 82706C108 |  | 9778940 | 130091 | SH |  | SOLE |  | 122511 | 0 | 7580 |
| SOLENO THERAPEUTICS INC | COM | 834203309 |  | 5024873 | 59977 | SH |  | SOLE |  | 55507 | 0 | 4470 |
| SPIRE GLOBAL INC | COM CL A NEW | 848560306 |  | 3359763 | 282333 | SH |  | SOLE |  | 265658 | 0 | 16675 |
| SPORTRADAR GROUP AG | CLASS A ORD SHS | H8088L103 |  | 64541403 | 2298483 | SH |  | SOLE |  | 1936258 | 0 | 362225 |
| SPROUT SOCIAL INC | COM CL A | 85209W109 |  | 10863100 | 519517 | SH |  | SOLE |  | 385421 | 0 | 134096 |
| SPS COMM INC | COM | 78463M107 |  | 50684135 | 372431 | SH |  | SOLE |  | 296253 | 0 | 76178 |
| STEPSTONE GROUP INC | COM CL A | 85914M107 |  | 7656780 | 137960 | SH |  | SOLE |  | 106924 | 0 | 31036 |
| STOKE THERAPEUTICS INC | COM | 86150R107 |  | 6042888 | 532413 | SH |  | SOLE |  | 488143 | 0 | 44270 |
| SUMMIT THERAPEUTICS INC | COM | 86627T108 |  | 3950419 | 185640 | SH |  | SOLE |  | 166130 | 0 | 19510 |
| SUNOPTA INC | COM | 8676EP108 |  | 21147229 | 3646074 | SH |  | SOLE |  | 3285552 | 0 | 360522 |
| SURO CAPITAL CORP | COM NEW | 86887Q109 |  | 284058 | 34599 | SH |  | SOLE |  | 34599 | 0 | 0 |
| SWEETGREEN INC | COM CL A | 87043Q108 |  | 17992896 | 1209200 | SH |  | SOLE |  | 999100 | 0 | 210100 |
| SYNDAX PHARMACEUTICALS INC | COM | 87164F105 |  | 9284350 | 991388 | SH |  | SOLE |  | 857207 | 0 | 134181 |
| TAYSHA GENE THERAPIES INC | COM SHS | 877619106 |  | 2214119 | 958493 | SH |  | SOLE |  | 867018 | 0 | 91475 |
| TEXAS CAP BANCSHARES INC | COM | 88224Q107 |  | 14445798 | 181937 | SH |  | SOLE |  | 146095 | 0 | 35842 |
| TOAST INC | CL A | 888787108 |  | 71405268 | 1612221 | SH |  | SOLE |  | 1240719 | 0 | 371502 |
| TOPGOLF CALLAWAY BRANDS CORP | COM | 131193104 |  | 4480300 | 556559 | SH |  | SOLE |  | 516358 | 0 | 40201 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 5417883 | 124980 | SH |  | SOLE |  | 112550 | 0 | 12430 |
| TRANSCAT INC | COM | 893529107 |  | 19651402 | 228611 | SH |  | SOLE |  | 182574 | 0 | 46037 |
| UNIVERSAL TECHNICAL INST INC | COM | 913915104 |  | 2027469 | 59825 | SH |  | SOLE |  | 56475 | 0 | 3350 |
| VARONIS SYS INC | COM | 922280102 |  | 7433150 | 146466 | SH |  | SOLE |  | 131960 | 0 | 14506 |
| VEECO INSTRS INC DEL | COM | 922417100 |  | 7788250 | 383280 | SH |  | SOLE |  | 354903 | 0 | 28377 |
| VERTEX INC | CL A | 92538J106 |  | 1923213 | 54428 | SH |  | SOLE |  | 49004 | 0 | 5424 |
| VICTORY CAP HLDGS INC | COM CL A | 92645B103 |  | 76104751 | 1195300 | SH |  | SOLE |  | 894461 | 0 | 300839 |
| VIKING THERAPEUTICS INC | COM | 92686J106 |  | 8084912 | 305091 | SH |  | SOLE |  | 280705 | 0 | 24386 |
| WEAVE COMMUNICATIONS INC | COM | 94724R108 |  | 1966557 | 236365 | SH |  | SOLE |  | 222095 | 0 | 14270 |
| WILLSCOT HLDGS CORP | COM CL A | 971378104 |  | 13740305 | 501471 | SH |  | SOLE |  | 431939 | 0 | 69532 |
| XENON PHARMACEUTICALS INC | COM | 98420N105 |  | 7513189 | 240038 | SH |  | SOLE |  | 203081 | 0 | 36957 |
| ZETA GLOBAL HOLDINGS CORP | CL A | 98956A105 |  | 11661228 | 752823 | SH |  | SOLE |  | 581874 | 0 | 170949 |
| ZYMEWORKS INC | COM | 98985Y108 |  | 4778827 | 380783 | SH |  | SOLE |  | 341888 | 0 | 38895 |

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