- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Milwaukee, WI 53201 Shawnee Mission KS United States of America 66205
- IPO Date
- May 19, 1995
- Business
- Buffalo Growth Fund (BUFGX) is an actively managed open-end mutual fund focused on long-term capital growth through investments primarily in common stocks and equity securities of high-quality growth companies. The fund maintains at least 75% of its portfolio in companies with market capitalizations greater than the median of the Russell 3000 Growth Index or $5 billion, whichever is lower, while the remaining portion may include companies of any size; it targets attractively priced, financially strong firms with strong management, conservative debt, free cash flow, scalable models, and competitive advantages positioned to capitalize on long-term secular trends exceeding GDP growth rates. Key sectors include information technology (over 40%), communication services, consumer cyclical, healthcare, and financial services, with top holdings such as Microsoft Corp., Apple Inc., NVIDIA Corp., Alphabet Inc., and Amazon.com Inc. comprising roughly 43% of the portfolio; investor shares carry a net expense ratio of 0.87%, with a minimum initial investment of $2,500, and the fund is available for sale in the United States.
Launched on May 19, 1995, the fund is managed by Kornitzer Capital Management, Inc., a privately owned boutique investment adviser founded in 1989 and headquartered in Mission, Kansas. Co-portfolio managers include Dave Carlsen, CFA, since November 2007, and Josh West since May 2020, employing a team-based approach combining top-down trend analysis with bottom-up fundamental research and strict valuation discipline. The fund features low turnover (around 8-9%) and an institutional share class (BIIGX, launched July 1, 2019) with a lower expense ratio of 0.77% and $250,000 minimum.
Recent developments include substantial long-term capital gains distributions in December 2024, with $2.98029 per share for both investor and institutional classes, reflecting strong realized gains amid market performance. The fund's total net assets stood at approximately $188 million as of late 2025, down slightly from prior quarters amid market volatility, yet it continues to emphasize U.S.-centric large-cap growth exposure with minor non-U.S. allocations. No major acquisitions, partnerships, or strategic shifts have been reported in the last 1-2 years, maintaining its disciplined, independent investment philosophy within the Buffalo Funds family.