# Next Century Growth Investors LLC

> Next Century Growth Investors LLC is an SEC-registered investment advisory firm in Plymouth, MN, registered since 1998, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 108978
- Filed as: NEXT CENTURY GROWTH INVESTORS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Plymouth, MN
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/108978
- AdvisorCensus page: https://advisorcensus.com/firm/next-century-growth-investors-llc-plymouth-mn-108978

## Quick answers

**How is Next Century Growth Investors LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Next Century Growth Investors LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Next Century Growth Investors LLC located?**
Next Century Growth Investors LLC's principal office is in Plymouth, MN, according to its Form ADV.

**Is Next Century Growth Investors LLC registered with the SEC or a state?**
Next Century Growth Investors LLC is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 108978.

**How much does Next Century Growth Investors LLC manage?**
Next Century Growth Investors LLC reports $1,519,766,041 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (96% discretionary).

**How have Next Century Growth Investors LLC's assets and staff changed since 2021?**
In the Form ADV data for Next Century Growth Investors LLC: Regulatory assets under management: $1,314,206,603 in the October 2021 data and $1,519,766,041 in the October 2026 data, up 16%. Total employees: 9 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Next Century Growth Investors LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (13); pension and profit sharing plans (but not the plan participants or government pension plans) (10); state or municipal government entities (including government pension plans) (5).

**Which custodians does Next Century Growth Investors LLC use?**
Next Century Growth Investors LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists J.P. Morgan, Northern Trust and The Bank of New York Mellon as custodians holding 10% or more of its separately managed account assets.

**Does Next Century Growth Investors LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/108978

**What changed in Next Century Growth Investors LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,254,522,399 to $1,519,766,041 (+21%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Custodians (Schedule D, Section 5.K(3))
- J.P. Morgan
- Northern Trust
- The Bank of New York Mellon

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,519,766,041
- Discretionary: $1,455,727,803
- Non-discretionary: $64,038,238

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 13 | $46,486,537 |
| Investment companies | 2 | $11,889,842 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $57,482,995 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 10 | $866,282,041 |
| Charitable organizations | Fewer than 5 | $726,345 |
| State or municipal government entities (including government pension plans) | 5 | $421,257,208 |
| Other investment advisers | Fewer than 5 | $64,038,238 |
| Other | 5 | $51,602,835 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1998 (27 years)
- Employees: 9 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, DE, MI, MN, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [ncgrowth.com](https://ncgrowth.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,314,206,603 | 9 | March 31, 2021 |
| October 2022 | $1,046,070,928 | 9 | March 31, 2022 |
| October 2023 | $930,693,948 | 9 | March 31, 2023 |
| October 2024 | $1,171,031,139 | 9 | March 28, 2024 |
| October 2025 | $1,254,522,399 | 9 | March 26, 2025 |
| October 2026 | $1,519,766,041 | 9 | March 25, 2026 |

Regulatory assets under management: $1,314,206,603 in the October 2021 data and $1,519,766,041 in the October 2026 data, up 16%.
Total employees: 9 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,254,522,399 to $1,519,766,041 (+21%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Next Century Growth Investors LLC (CRD 108978): Form ADV filing data as of October 2026.