# EDGAR Filing Document

**Accession Number:** 0001134007
**File Stem:** 0001134007-23-000004
**Filing Date:** 2023-2
**Character Count:** 13306
**Document Hash:** b104ad7001b7ff607a75b4a58d4a6c5e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001134007-23-000004.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001134007-23-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEXT CENTURY GROWTH INVESTORS LLC
- **CENTRAL INDEX KEY:** 0001134007
- **IRS NUMBER:** 411923871

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-06277
- **FILM NUMBER:** 23624349

**BUSINESS ADDRESS:**
- **STREET 1:** TWO CARLSON PARKWAY
- **STREET 2:** SUITE 125
- **CITY:** PLYMOUTH
- **STATE:** MN
- **ZIP:** 55447
- **BUSINESS PHONE:** 7635914490

**MAIL ADDRESS:**
- **STREET 1:** TWO CARLSON PARKWAY
- **STREET 2:** SUITE 125
- **CITY:** PLYMOUTH
- **STATE:** MN
- **ZIP:** 55447

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** NEXT CENTURY GROWTH INVESTORS LLC<br>**Address:** TWO CARLSON PARKWAY<br>SUITE 125<br>PLYMOUTH, MN 55447

**Form 13F File Number:** 028-06277

**CRD Number (if applicable):** 000108978

**SEC File Number (if applicable):** 028-06277

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:** Gina Nelson<br>**Title:** Operations<br>**Phone:** 763-591-4490

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

Gina Nelson  Plymouth, MN  02-14-2023<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:** 100

**Form 13F Information Table Value Total:** $832939037

      (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 |
| Advanced Micro Devices | COM | 007903107 |  | 3709183 | 57267 | SH |  | SOLE |  | 57267 | 0 | 0 |
| Agilysys | COM | 00847J105 |  | 10689677 | 135073 | SH |  | SOLE |  | 135073 | 0 | 0 |
| Allied Motion Technologies | COM | 019330109 |  | 10465208 | 300638 | SH |  | SOLE |  | 300638 | 0 | 0 |
| Alphabet Inc-Cl A | COM | 02079K305 |  | 3520906 | 39906 | SH |  | SOLE |  | 39906 | 0 | 0 |
| Alphatec Holdings Inc | COM | 02081G201 |  | 28654013 | 2320163 | SH |  | SOLE |  | 2320163 | 0 | 0 |
| Amazon.Com | COM | 023135106 |  | 4003944 | 47666 | SH |  | SOLE |  | 47666 | 0 | 0 |
| Apple Computer Inc | COM | 037833100 |  | 11501013 | 88517 | SH |  | SOLE |  | 88517 | 0 | 0 |
| Astronics Corp | COM | 046433108 |  | 24364402 | 2365476 | SH |  | SOLE |  | 2365476 | 0 | 0 |
| Asure Software | COM | 04649U102 |  | 2102116 | 225066 | SH |  | SOLE |  | 225066 | 0 | 0 |
| Avidxchange Holdings | COM | 05368X102 |  | 5149208 | 518029 | SH |  | SOLE |  | 518029 | 0 | 0 |
| Axonics Modulation Technology | COM | 05465P101 |  | 21446289 | 342976 | SH |  | SOLE |  | 342976 | 0 | 0 |
| Bank of America | COM | 060505104 |  | 2713223 | 81921 | SH |  | SOLE |  | 81921 | 0 | 0 |
| Bill.com Holdings Inc. | COM | 090043100 |  | 459811 | 4220 | SH |  | SOLE |  | 4220 | 0 | 0 |
| Boeing Co | COM | 097023105 |  | 5142849 | 26998 | SH |  | SOLE |  | 26998 | 0 | 0 |
| Boot Barn Holdings | COM | 099406100 |  | 4360832 | 69751 | SH |  | SOLE |  | 69751 | 0 | 0 |
| Bridgewater Bancshares | COM | 108621103 |  | 12483247 | 703678 | SH |  | SOLE |  | 703678 | 0 | 0 |
| Caterpillar Inc | COM | 149123101 |  | 1312549 | 5479 | SH |  | SOLE |  | 5479 | 0 | 0 |
| Celsius Holdings | COM | 15118V207 |  | 19050764 | 183110 | SH |  | SOLE |  | 183110 | 0 | 0 |
| Chipotle Mexican Grill | COM | 169656105 |  | 901868 | 650 | SH |  | SOLE |  | 650 | 0 | 0 |
| Costar Group Inc | COM | 22160N109 |  | 3938884 | 50969 | SH |  | SOLE |  | 50969 | 0 | 0 |
| Costco Wholesale Corp | COM | 22160K105 |  | 2575573 | 5642 | SH |  | SOLE |  | 5642 | 0 | 0 |
| Credo Technology Group Holding | COM | G25457105 |  | 9397831 | 706073 | SH |  | SOLE |  | 706073 | 0 | 0 |
| D R Horton Inc. | COM | 23331A109 |  | 1085012 | 12172 | SH |  | SOLE |  | 12172 | 0 | 0 |
| Deere  Co | COM | 244199105 |  | 2626583 | 6126 | SH |  | SOLE |  | 6126 | 0 | 0 |
| Delta Air Lines Inc. | COM | 247361702 |  | 1993813 | 60676 | SH |  | SOLE |  | 60676 | 0 | 0 |
| Dexcom Inc | COM | 252131107 |  | 951442 | 8402 | SH |  | SOLE |  | 8402 | 0 | 0 |
| Diamondback Energy Inc. | COM | 25278X109 |  | 2075910 | 15177 | SH |  | SOLE |  | 15177 | 0 | 0 |
| Eli Lilly and Company | COM | 532457108 |  | 1007523 | 2754 | SH |  | SOLE |  | 2754 | 0 | 0 |
| Endava Plc | COM | 29260V105 |  | 3126861 | 40874 | SH |  | SOLE |  | 40874 | 0 | 0 |
| Engagesmart | COM | 29283F103 |  | 8260841 | 469366 | SH |  | SOLE |  | 469366 | 0 | 0 |
| Epam Systems | COM | 29414B104 |  | 1831738 | 5589 | SH |  | SOLE |  | 5589 | 0 | 0 |
| Five9 | COM | 338307101 |  | 1937131 | 28546 | SH |  | SOLE |  | 28546 | 0 | 0 |
| Flywire Corporation | COM | 302492103 |  | 27806264 | 1136341 | SH |  | SOLE |  | 1136341 | 0 | 0 |
| Freeport-McMoran Copper | COM | 35671D857 |  | 3673004 | 96658 | SH |  | SOLE |  | 96658 | 0 | 0 |
| Freshpet | COM | 358039105 |  | 9079870 | 172065 | SH |  | SOLE |  | 172065 | 0 | 0 |
| Globant SA | COM | L44385109 |  | 3842119 | 22848 | SH |  | SOLE |  | 22848 | 0 | 0 |
| Grid Dynamics Holdings Inc. | COM | 39813G109 |  | 16000954 | 1426110 | SH |  | SOLE |  | 1426110 | 0 | 0 |
| Inspire Medical Systems Inc | COM | 457730109 |  | 9488319 | 37670 | SH |  | SOLE |  | 37670 | 0 | 0 |
| Insulet Corp | COM | 45784P101 |  | 201657 | 685 | SH |  | SOLE |  | 685 | 0 | 0 |
| Intuit | COM | 461202103 |  | 844607 | 2170 | SH |  | SOLE |  | 2170 | 0 | 0 |
| Kinsale Capital Group | COM | 49714P108 |  | 16930281 | 64738 | SH |  | SOLE |  | 64738 | 0 | 0 |
| Knight-Swift Transportation Ho | COM | 499049104 |  | 5764680 | 109992 | SH |  | SOLE |  | 109992 | 0 | 0 |
| Kura Sushi USA Inc | COM | 501270102 |  | 8608814 | 180554 | SH |  | SOLE |  | 180554 | 0 | 0 |
| LGI Homes Inc | COM | 50187T106 |  | 20722491 | 223785 | SH |  | SOLE |  | 223785 | 0 | 0 |
| Lattice Semiconductor Corp | COM | 518415104 |  | 15366438 | 236844 | SH |  | SOLE |  | 236844 | 0 | 0 |
| Lindblad Expeditions Holding | COM | 535219109 |  | 10626146 | 1380019 | SH |  | SOLE |  | 1380019 | 0 | 0 |
| Lululemon Athletica Inc | COM | 550021109 |  | 1024254 | 3197 | SH |  | SOLE |  | 3197 | 0 | 0 |
| MACOM Technology Solutions Hol | COM | 55405Y100 |  | 9714916 | 154254 | SH |  | SOLE |  | 154254 | 0 | 0 |
| MASTERcARD Inc. | COM | 57636Q104 |  | 3473474 | 9989 | SH |  | SOLE |  | 9989 | 0 | 0 |
| Marten Transport | COM | 573075108 |  | 7624517 | 385466 | SH |  | SOLE |  | 385466 | 0 | 0 |
| Microsoft Corp. | COM | 594918104 |  | 9970756 | 41576 | SH |  | SOLE |  | 41576 | 0 | 0 |
| Monolithic Power Systems Inc | COM | 609839105 |  | 549156 | 1553 | SH |  | SOLE |  | 1553 | 0 | 0 |
| NOVO-Nordisk A/S Spons ADR | COM | 670100205 |  | 4209209 | 31101 | SH |  | SOLE |  | 31101 | 0 | 0 |
| Napco Security Technologies | COM | 630402105 |  | 15968105 | 581081 | SH |  | SOLE |  | 581081 | 0 | 0 |
| NexTier Oilfield Solutions | COM | 65290C105 |  | 3342505 | 361743 | SH |  | SOLE |  | 361743 | 0 | 0 |
| O'Reilly Automotive Inc | COM | 67103H107 |  | 2102478 | 2491 | SH |  | SOLE |  | 2491 | 0 | 0 |
| Old Dominion Freight Line | COM | 679580100 |  | 2553736 | 8999 | SH |  | SOLE |  | 8999 | 0 | 0 |
| Orthopediatrics Corp | COM | 68752L100 |  | 22217890 | 559222 | SH |  | SOLE |  | 559222 | 0 | 0 |
| Outset Medical | COM | 690145107 |  | 12404082 | 480406 | SH |  | SOLE |  | 480406 | 0 | 0 |
| Paycom Software Inc | COM | 70432V102 |  | 1340539 | 4320 | SH |  | SOLE |  | 4320 | 0 | 0 |
| Paylocity Corp | COM | 70438V106 |  | 9198405 | 47351 | SH |  | SOLE |  | 47351 | 0 | 0 |
| Penumbra Inc. | COM | 70975L107 |  | 8375619 | 37650 | SH |  | SOLE |  | 37650 | 0 | 0 |
| Permian Resrouces Corp | COM | 71424F105 |  | 3234493 | 344095 | SH |  | SOLE |  | 344095 | 0 | 0 |
| Planet Fitness | COM | 72703H101 |  | 12671591 | 160807 | SH |  | SOLE |  | 160807 | 0 | 0 |
| Planet Labs PBC | COM | 72703x106 |  | 10876792 | 2500412 | SH |  | SOLE |  | 2500412 | 0 | 0 |
| Progressive Corp | COM | 743315103 |  | 2078213 | 16022 | SH |  | SOLE |  | 16022 | 0 | 0 |
| Progyny Inc | COM | 74340E103 |  | 4553693 | 146186 | SH |  | SOLE |  | 146186 | 0 | 0 |
| Quanta Services | COM | 74762E102 |  | 15480202 | 108633 | SH |  | SOLE |  | 108633 | 0 | 0 |
| RBC  Bearings Inc | COM | 75524B104 |  | 17232854 | 82316 | SH |  | SOLE |  | 82316 | 0 | 0 |
| Repligen | COM | 759916109 |  | 102432 | 605 | SH |  | SOLE |  | 605 | 0 | 0 |
| RxSight Inc | COM | 78349D107 |  | 8211363 | 648095 | SH |  | SOLE |  | 648095 | 0 | 0 |
| Ryan Specialty Holdings | COM | 78351F107 |  | 5124783 | 123459 | SH |  | SOLE |  | 123459 | 0 | 0 |
| SEMrush Holdings | COM | 81686C104 |  | 6400465 | 786298 | SH |  | SOLE |  | 786298 | 0 | 0 |
| SI-BONE Inc | COM | 825704109 |  | 12463733 | 916451 | SH |  | SOLE |  | 916451 | 0 | 0 |
| Saia Inc | COM | 78709Y105 |  | 8353860 | 39841 | SH |  | SOLE |  | 39841 | 0 | 0 |
| Salesforce Inc. | COM | 79466L302 |  | 505035 | 3809 | SH |  | SOLE |  | 3809 | 0 | 0 |
| ServiceNow Inc | COM | 81762P102 |  | 953202 | 2455 | SH |  | SOLE |  | 2455 | 0 | 0 |
| Shockwave Medical | COM | 82489T104 |  | 1794152 | 8726 | SH |  | SOLE |  | 8726 | 0 | 0 |
| ShotSpotter | COM | 82536T107 |  | 4282472 | 126588 | SH |  | SOLE |  | 126588 | 0 | 0 |
| Silk Road Medical | COM | 82710M100 |  | 35883353 | 678966 | SH |  | SOLE |  | 678966 | 0 | 0 |
| Sitime Corp | COM | 82982T106 |  | 5687569 | 55969 | SH |  | SOLE |  | 55969 | 0 | 0 |
| Spirit Aerosystems Holdings | COM | 848574109 |  | 4009260 | 135448 | SH |  | SOLE |  | 135448 | 0 | 0 |
| Sprinklr | COM | 85208T107 |  | 3548998 | 434394 | SH |  | SOLE |  | 434394 | 0 | 0 |
| Sprout Social | COM | 85209W109 |  | 21907157 | 388012 | SH |  | SOLE |  | 388012 | 0 | 0 |
| Sun Country Airlines Holdings | COM | 866683105 |  | 16280813 | 1026533 | SH |  | SOLE |  | 1026533 | 0 | 0 |
| TechTarget | COM | 87874R100 |  | 4079867 | 92598 | SH |  | SOLE |  | 92598 | 0 | 0 |
| Tela Bio Inc. | COM | 872381108 |  | 8913167 | 775058 | SH |  | SOLE |  | 775058 | 0 | 0 |
| Tesla Motors Inc | COM | 88160R101 |  | 1220097 | 9905 | SH |  | SOLE |  | 9905 | 0 | 0 |
| Transmedics Group Inc | COM | 89377M109 |  | 38675603 | 626630 | SH |  | SOLE |  | 626630 | 0 | 0 |
| Treace Medical Concepts | COM | 89455T109 |  | 36677947 | 1595387 | SH |  | SOLE |  | 1595387 | 0 | 0 |
| United Rentals Inc | COM | 911363109 |  | 3071539 | 8642 | SH |  | SOLE |  | 8642 | 0 | 0 |
| Unitedhealth Group Inc. | COM | 91324P102 |  | 3217132 | 6068 | SH |  | SOLE |  | 6068 | 0 | 0 |
| Verra Mobility Corporation | COM | 92511U102 |  | 26652761 | 1927170 | SH |  | SOLE |  | 1927170 | 0 | 0 |
| Vertex Inc | COM | 92538J106 |  | 11223267 | 773485 | SH |  | SOLE |  | 773485 | 0 | 0 |
| Vertex Pharmaceuticals | COM | 92532F100 |  | 2927651 | 10138 | SH |  | SOLE |  | 10138 | 0 | 0 |
| Vicor Corp | COM | 925815102 |  | 1626797 | 30266 | SH |  | SOLE |  | 30266 | 0 | 0 |
| Visa Inc | COM | 92826C839 |  | 4464346 | 21488 | SH |  | SOLE |  | 21488 | 0 | 0 |
| Western Alliance Bancorp | COM | 957638109 |  | 3347450 | 56203 | SH |  | SOLE |  | 56203 | 0 | 0 |
| Workiva | COM | 98139A105 |  | 2166677 | 25803 | SH |  | SOLE |  | 25803 | 0 | 0 |
| Xometry Inc | COM | 98423F109 |  | 7172722 | 222548 | SH |  | SOLE |  | 222548 | 0 | 0 |

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