Needham Growth Fund Retail Class
NEEGX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York, NY 10022 Minneapolis MN United States of America 55402
- IPO Date
- Dec 26, 1995
- CIK
- 0001002537
- Website
- ndrfunds.com
- Similar Companies
- Business
- Needham Growth Fund-Retail Class (NEEGX) is an open-end mutual fund managed by Needham Investment Management LLC that seeks long-term capital appreciation by investing primarily in common stocks of growth-oriented domestic small- and mid-cap companies with market capitalizations typically under $5 billion; it also allocates to convertible securities, preferred stocks, and cash equivalents for liquidity and hedging. Core holdings span technology, healthcare, consumer discretionary, and industrials sectors, featuring established brands such as MicroStrategy Inc., Axos Financial Inc., and Comfort Systems USA Inc., with a focus on innovative firms exhibiting strong earnings growth potential, high return on equity, and defensible competitive advantages. The fund offers daily liquidity through retail share classes with a minimum initial investment of $2,000, expense ratio around 1.84%, and no load structure, targeting individual investors, financial advisors, and retirement accounts seeking aggressive equity exposure. Headquartered in New York City and founded in 1991 as part of the Needham Funds family, the fund operates exclusively within the United States market, with portfolio companies primarily based in North America; Needham Investment Management serves as the adviser and distributor, maintaining full discretion over security selection via a bottom-up, fundamental research process led by experienced analysts. Geographically, investments concentrate in U.S.-listed equities, occasionally including American Depositary Receipts for select international growth names, while serving a nationwide retail investor base through broker-dealers, platforms like Schwab and Fidelity, and direct accounts. Recent developments include a strategic portfolio repositioning in 2024 amid market volatility, with increased emphasis on AI-driven software and cybersecurity holdings following the launch of enhanced sector allocation guidelines; the fund participated in a 2025 seed capital infusion from Needham's institutional affiliates to bolster liquidity during tech sector corrections, alongside a minor share class reorganization to streamline administrative fees without impacting performance benchmarks. In late 2024, NEEGX announced a tactical overweight in biotechnology subsector via new positions in gene therapy innovators, aligning with broader Needham platform expansions into thematic investing strategies. These changes reflect ongoing adaptations to macroeconomic shifts, including Federal Reserve rate adjustments and election-related policy uncertainties under President Trump's administration.