Needham Small Cap Growth Fund - Retail Class
NESGX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York, NY 10022 New York NY United States of America 10022
- IPO Date
- May 23, 2002
- CIK
- 0001002537
- Website
- needhamfunds.com
- Similar Companies
- Business
- Needham Small Cap Growth Fund - Retail Class (NESGX) is an open-end mutual fund managed by Needham Asset Management, LLC that seeks long-term, tax-efficient capital appreciation by investing primarily in equity securities of small-cap growth companies believed to trade at discounts to their intrinsic value with superior growth potential; the strategy emphasizes companies offering disruptive products and services led by strong management teams, including post-IPO venture-backed firms, while employing shorting techniques to mitigate volatility. The Retail Class shares, with ticker NESGX, feature a minimum initial investment of $2,000 ($1,000 for IRAs), subsequent investments of $100, a net expense ratio of 1.79%, and no front-end or redemption fees; the fund maintains a portfolio heavily weighted toward information technology (70.3% as of June 30, 2025), industrials (9.3%), and cash (10.3%), with top holdings including ADTRAN Holdings, Inc. (5.95%), TTM Technologies, Inc. (5.42%), and PDF Solutions, Inc. (5.05%). Incepted on May 22, 2002, the fund is based in New York City, headquarters of Needham & Company, LLC (founded 1985), which oversees asset management operations focused on growth equities through public mutual funds available to U.S. investors; it operates alongside Institutional Class shares (NESIX, launched December 30, 2016) and targets individual and institutional clients seeking exposure to small blend/growth segments, benchmarked against the Russell 2000 Growth Index. Under Portfolio Manager Chris Retzler (Managing Director and EVP, lead manager since January 17, 2008), the fund delivered a year-to-date return of -1.25% for Retail Class as of August 15, 2025, with 3-year annualized returns of 7.17% and 5-year returns of 5.96% as of June 30, 2025; total net assets stood at approximately $149 million, with the Retail Class comprising $26.54 million. Recent developments include sustained focus on undervalued small-cap leaders amid market volatility, with no major acquisitions, funding rounds, or structural changes announced in the past 1-2 years; performance commentary highlights resilience through 2025's turbulent periods (e.g., -12.75% in March 2025, followed by 11.79% in June), driven by sector allocations in technology and industrials, alongside media mentions in June 2025 affirming the strategy's outperformance potential in AI and tech amid uncertainty.