Driehaus Capital Management 13F: Cuts XMTR Stake by $46M

Driehaus Capital Scales Back Xometry Holding

Driehaus Capital Management trimmed its stake in Xometry, Inc. (NasdaqGS: XMTR) during the period ended May 15, 2026, according to a recent Form 13F filing with the U.S. Securities and Exchange Commission. The fund cut 473,010 shares from its portfolio, representing a 23.8% decrease from the previous quarter. Following the sale, Driehaus Capital held 1,512,855 shares of the industrial distribution company. The remaining stake carried a reported value of roughly $146.0 million.

Xometry Stock Trades Well Above Moving Averages

Shares of Xometry traded around $96.52, sitting closer to the upper end of its 52-week range of $35.86 to $106.08. The stock has climbed significantly from its 200-day moving average of $70.44 and trades above its 50-day moving average of $90.95. With a market capitalization of roughly $5.7 billion, the manufacturer marketplace platform has seen strong momentum in the months following the reporting period.

Recent Earnings Highlight Revenue Growth

Xometry reported annual revenue of $807.5 million, marking a 41.1% revenue growth rate. The company posted an EPS of -$0.60, along with a net margin of -3.8% and a return on equity of -7.1%. The company operates an AI-powered marketplace connecting buyers with custom parts manufacturers alongside its Thomasnet sourcing platform. Its next earnings report is scheduled for November 3, 2026.

Wall Street Analysts Update Targets

Analyst sentiment around Xometry remains active as firms adjust price targets following recent quarters. On September 22, 2026, Rosenblatt maintained a Buy rating on the stock while raising its price target to $120.00 from $110.00. Earlier, on August 5, 2026, UBS maintained a Neutral rating and lifted its target to $95.00, while Citigroup maintained a Buy rating and increased its target to $110.00. The stock currently holds a consensus buy rating with a mean price target of $111.18 across 11 analyst opinions.

Inside Xometry's Digital Marketplace

Xometry operates an artificial intelligence platform designed to help buyers source custom-manufactured parts and assemblies with instant pricing. The company combines digital quoting engines, cloud-based manufacturing execution systems, and supplier directories to serve sectors ranging from aerospace and medical devices to defense and automotive. This technological setup allows users to handle rapid prototyping and full-scale production runs through a single platform.

What to Watch at Xometry, Inc.

Investors tracking Driehaus Capital's portfolio will need to wait for subsequent quarterly disclosures to see if the fund continues trimming its position or shifts direction. Xometry's next financial results, slated for early November 2026, will provide updated figures on marketplace volume and profit margins. As a reminder, 13F filings are backward-looking snapshots of institutional ownership and do not necessarily reflect current holdings.