Driehaus Capital Management 13F: Adds $84M to Fabrinet (FN) Stake

Driehaus Capital Management grew its position in Fabrinet (NYSE: FN) by 62.28908863049739% during the first quarter of 2026, according to its latest Form 13F filing with the Securities and Exchange Commission. The fund added 150,103 shares of the technology company, bringing its total position to 391,081 shares. This backward-looking filing reflects holdings as of March 31, 2026, valued at approximately $219,818,815.16 at the time of reporting.

Driehaus Capital Adds to Fabrinet Position

Before the transaction, Driehaus Capital Management held 240,978 shares of Fabrinet. By acquiring an additional 150,103 shares, the investment firm brought its total stake to 391,081 shares. The reported cost basis for this position was $328.43 per share, making the total value of the investment more than $219.8 million at the end of the quarter.

How Fabrinet Stock Has Moved

Since the end of the quarter covered by the filing, Fabrinet shares have seen a lot of movement. On Saturday, the stock was priced at $562.08. That is well above the fund's cost basis of $328.43, meaning the investment has gained significant ground. Over the past year, Fabrinet has traded between a low of $364.41 and a high of $748.89. The stock is currently trading above its 50-day moving average of $445.61 and its 200-day moving average of $531.18.

Recent Earnings for Fabrinet

Fabrinet has backed up its market action with some positive financial figures. The company reported revenue of $4,641,097,216.00, achieving a revenue growth rate of 0.446. Its earnings per share stood at $13.05, with a net profit margin of 0.10192 and a return on equity of 0.21326. Investors looking ahead can circle November 2, 2026, on their calendars, which is when Fabrinet is scheduled to release its next quarterly earnings report.

Wall Street Analysts Weigh In

Several brokerage firms have recently updated their outlooks on Fabrinet. On October 15, 2026, B. Riley Securities maintained a Neutral rating on the stock but lowered its price target from $598.00 to $431.00. Earlier, on August 20, 2026, Rosenblatt maintained a Buy rating with a target of $750.00. JP Morgan and Barclays also updated their stances in mid-August. JP Morgan kept a Neutral rating and raised its target to $695.00 on August 18, 2026, while Barclays maintained an Overweight rating and bumped its target to $739.00. Needham has also been positive, reiterating a Buy rating with a $650.00 price target on August 18, 2026. Overall, the stock has a buy consensus rating from nine analysts, with an average price target of $715.56.

Inside Fabrinet

Fabrinet provides precision optical packaging and advanced electronic manufacturing services to companies around the world. It builds complex components like optical transmitters, receivers, and lasers that help internet providers and data centers move massive amounts of data at high speeds. The company also manufactures sensors used in cars and medical devices.

What to Watch at Fabrinet

As investors watch how Fabrinet performs in the coming months, they will likely focus on the upcoming earnings report in November. It is important to keep in mind that Form 13F filings are backward-looking documents that show a fund's holdings at a specific point in the past, so Driehaus Capital Management may have already changed its position since this report was filed. This news brief is purely factual and does not represent financial advice.