9AT: DISCIPLINED GROWTH INVESTORS INC

other names

DISCIPLINED GROWTH INVESTORS INC

Adviser Profile

As of Date	03/31/2025
ADV Location	MINNEAPOLIS, MN, United States
Adviser Type - Large advisory firm - An investment adviser (or subadviser) to an investment company
Number of Employees	22 10%
of those in investment advisory functions	10
Registration	SEC, Approved, 12/11/1996

AUM^*	5,752,282,085 40%
of that, discretionary	5,752,282,085 40%
Private Fund GAV^*	890,358,395
Avg Account Size	40,509,029 35%
% High Net Worth	69.23% -2%
SMA’s	Yes
Private Funds	3 1
Contact Info	612 xxxxxxx
Websites

Client Types

- High net worth individuals
- Investment companies
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations
- State or municipal government entities
- Other investment advisers
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypeHedge Fund	Count2	GAV$610,187,465
Fund TypeOther Private Fund	Count1	GAV$280,170,930

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser 1607 CAPITAL PARTNERS, LLC	Hedge Fund1.3b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund257.5m	Total Private Fund GAV1.5b	AUM3.8b	#Funds5
Adviser MARTINGALE ASSET MANAGEMENT	Hedge Fund5.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund456.5m	Total Private Fund GAV462.4m	AUM4.3b	#Funds2
Adviser APS ASSET MANAGEMENT PTE LTD	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM1.8b	#Funds-
Adviser JUNIPER HILL CAPITAL MANAGEMENT LP	Hedge Fund2.4b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.4b	AUM2.4b	#Funds3
Adviser SPIDER MANAGEMENT COMPANY, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund2.9b	Total Private Fund GAV2.9b	AUM6.4b	#Funds1
Adviser BERKSHIRE ASSET MANAGEMENT, LLC	Hedge Fund6.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund23.3m	Total Private Fund GAV29.8m	AUM2.5b	#Funds2
Adviser C.M. CAPITAL ADVISORS, LLC	Hedge Fund361.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund1.8b	Total Private Fund GAV2.2b	AUM2.2b	#Funds4
Adviser QUANTINNO CAPITAL MANAGEMENT LP	Hedge Fund416.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV416.3m	AUM14.3b	#Funds3
Adviser STEELHEAD PARTNERS, LLC	Hedge Fund2.6b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.6b	AUM2.6b	#Funds6
Adviser TRINITY STREET ASSET MANAGEMENT LLP	Hedge Fund153.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund2.2b	Total Private Fund GAV2.3b	AUM8.7b	#Funds2

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker74624M102	Stock NamePURE STORAGE INC CL A	$ Position$432,474,853	% Position8.00%	$ Change38.00%	# Change-5.00%
Stck Ticker86800U302	Stock NameSUPER MICRO COMPUTER INC COM N	$ Position$454,540,425	% Position8.00%	$ Change-5.00%	# Change-3.00%
Stck TickerH2906T109	Stock NameGARMIN LTD SHS	$ Position$339,004,560	% Position6.00%	$ Change14.00%	# Change-3.00%
Stck Ticker45867G101	Stock NameINTERDIGITAL INC COM	$ Position$273,056,561	% Position5.00%	$ Change27.00%	# Change-18.00%
Stck Ticker040413205	Stock NameARISTA NETWORKS INC COM SHS	$ Position$280,239,089	% Position5.00%	$ Change35.00%	# Change-5.00%
Stck Ticker165167735	Stock NameEXPAND ENERGY CORPORATION COM	$ Position$264,928,138	% Position5.00%	$ Change-14.00%	# Change-5.00%
Stck Ticker192422103	Stock NameCOGNEX CORP COM	$ Position$208,586,477	% Position4.00%	$ Change38.00%	# Change-3.00%
Stck Ticker816850101	Stock NameSEMTECH CORP COM	$ Position$195,014,344	% Position4.00%	$ Change49.00%	# Change-6.00%
Stck Ticker729132100	Stock NamePLEXUS CORP COM	$ Position$224,785,899	% Position4.00%	$ Change1.00%	# Change-6.00%
Stck Ticker92552V100	Stock NameVIASAT INC COM	$ Position$167,769,309	% Position3.00%	$ Change97.00%	# Change-2.00%

Brochure Summary

Overview

Disciplined Growth Investors Inc. is a SEC-registered investment adviser with its principal place of business located in Minneapolis, Minnesota. Disciplined Growth Investors Inc. began conducting business in 1997. The firm intends to remain 100% employee owned. The firm’s shareholders are listed below: § Rob Nicoski, Chief Investment Officer § Frederick Martin, Founder and Lead Portfolio Manager § Rick Martin, Chief Executive Officer § Sheri Lietzke, Director of Client Relationships § Nicholas Hansen, Lead Portfolio Manager § Jason Lima, Lead Portfolio Manager § Peter Rieke, Chief Operating Officer & Chief Compliance Officer § Evan Almeroth, DGI Fund Ambassador § Beth Miller, Client Relationship Manager § Katie Brever, Client Relationship Manager § Kassandra Mauch, Technical Program Manager § Cindy Lee, Operations Team Leader § Lisa Rockrohr, Client Relationship Manager DISCIPLINED GROWTH INVESTORS ADVISORY SERVICES INSTITUTIONAL & HIGH NET WORTH INVESTMENT MANAGEMENT Disciplined Growth Investors, Inc. provides investment management services to pension and profit-sharing plans, corporations and other business and government entities, charitable organizations including foundations and other non-profit entities, and select high net worth individuals. Disciplined Growth Investors, Inc. accepts separate account mandates for U.S. Mid Cap Growth Equities, U.S. Small Cap Growth Equities and Balanced Growth portfolios. Our two equity strategies are

managed under a single process, with client-specific investment advice tailored within each strategy. Clients are permitted to impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. MUTUAL FUND Disciplined Growth Investors, Inc. also serves as investment adviser to The Disciplined Growth Investors Fund (Ticker: DGIFX). More information about the Fund, including fees and investment minimums, is available in the Fund’s prospectus. COMINGLED INVESTMENT FUND Disciplined Growth Investors, Inc. also serves as sub-adviser to The DGI Growth Fund R1 (Ticker: HDGIAX), a comingled investment fund (CIF) sponsored by Hand Benefits & Trust Co. More information about the Fund, including investor eligibility requirements and fees, is available in the Fund’s participation agreement. LIMITED PARTNERSHIPS Disciplined Growth Investors, Inc. is the general partner and adviser to Compass Investors LP, Navigator Investors LP and The Outlier Fund LP (“the Partnerships”). More information concerning the Partnerships is available in the Partnerships’ private offering memoranda. DISCRETIONARY SUB-ADVISORY SERVICES Disciplined Growth Investors, Inc. serves as sub-adviser to separately managed accounts through arrangements with other investment advisers. AMOUNT OF MANAGED ASSETS As of December 31, 2023 we were actively managing $4,789,287,731 of clients’ assets on a discretionary basis and $0 on a non- discretionary basis.

DISCIPLINED GROWTH INVESTORS INC

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