Small Cap Growth Fund – Full Holdings

Full Portfolio Holdings as of 12/31/24

Name of Holding	Ticker	% of Net Assets
Shift4 Payments Inc	FOUR	3.21
Summit Materials Inc	SUM	3.10
Vertex Inc	VERX	2.83
Chart Industries Inc	GTLS	2.48
Ligand Pharmaceuticals Inc	LGND	2.44
Hamilton Lane Inc	HLNE	2.42
Palomar Holdings Inc	PLMR	2.31
Champion Homes Inc	SKY	2.30
John Bean Technologies Corp	JBT	2.17
ICF International Inc	ICFI	1.99
BellRing Brands Inc	BRBR	1.99
Sterling Infrastructure Inc	STRL	1.86
Clearwater Analytics Holdings	CWAN	1.86
Kornit Digital Ltd	KRNT	1.70
Natera Inc	NTRA	1.69
Advanced Drainage Systems Inc	WMS	1.63
Pegasystems Inc	PEGA	1.61
NV5 Global Inc	NVEE	1.60
Avid Bioservices Inc	CDMO	1.58
Cactus Inc	WHD	1.55
Baldwin Insurance Group Inc/Th	BWIN	1.55
Option Care Health Inc	OPCH	1.54
Castle Biosciences Inc	CSTL	1.54
AZEK Co Inc/The	AZEK	1.53
Varonis Systems Inc	VRNS	1.50
First Watch Restaurant Group I	FWRG	1.50
Silicon Laboratories Inc	SLAB	1.49
WisdomTree Inc	WT	1.49
Endava PLC	DAVA	1.45
Napco Security Technologies In	NSSC	1.44
Establishment Labs Holdings In	ESTA	1.43
Halozyme Therapeutics Inc	HALO	1.43
Steven Madden Ltd	SHOO	1.41
Inspire Medical Systems Inc	INSP	1.39
QuidelOrtho Corp	QDEL	1.35
FTI Consulting Inc	FCN	1.35
DoubleVerify Holdings Inc	DV	1.34
SiteOne Landscape Supply Inc	SITE	1.23
Tenable Holdings Inc	TENB	1.23
HealthEquity Inc	HQY	1.21
Calix Inc	CALX	1.21
SiTime Corp	SITM	1.20
Lantheus Holdings Inc	LNTH	1.19
Boot Barn Holdings Inc	BOOT	1.19
Ollie's Bargain Outlet Holding	OLLI	1.18
Kinsale Capital Group Inc	KNSL	1.18
Matador Resources Co	MTDR	1.15
Intapp Inc	INTA	1.14
Universal Display Corp	OLED	1.02
Portillo's Inc	PTLO	1.02
Lovesac Co/The	LOVE	1.00
Janus International Group Inc	JBI	0.99
Ciena Corp	CIEN	0.97
PagerDuty Inc	PD	0.91
elf Beauty Inc	ELF	0.86
Novanta Inc	NOVT	0.86
Patterson-UTI Energy Inc	PTEN	0.82
MYR Group Inc	MYRG	0.80
Madrigal Pharmaceuticals Inc	MDGL	0.77
Axcelis Technologies Inc	ACLS	0.75
Privia Health Group Inc	PRVA	0.72
Transcat Inc	TRNS	0.71
ESCO Technologies Inc	ESE	0.69
Treace Medical Concepts Inc	TMCI	0.66
WESCO International Inc	WCC	0.60
STAAR Surgical Co	STAA	0.60
Open Lending Corp	LPRO	0.56
OmniAb Inc	OABI	0.54
AeroVironment Inc	AVAV	0.48
Maravai LifeSciences Holdings	MRVI	0.47
Arrowhead Pharmaceuticals Inc	ARWR	0.40
Wingstop Inc	WING	0.33
TOTAL CASH OR EQUIVALENT		2.39

Buffalo publishes this listing of securities held as of the most recent calendar-quarter end, with a 60-day lag. Buffalo may exclude any portion of holdings from publication when deemed in the best interest of the portfolio.

Holdings are subject to change without notice and are not recommendations to buy or sell any securities.

The portfolio data and its presentation here may differ from the complete schedules of investments in regulatory filings due to differing accounting and reporting requirements.

Percentages may not equal 100% due to rounding.

You are leaving the Buffalo Funds website and entering a third-party website. The Fund is not responsible for, nor can guarantee the accuracy of, any information contained on a third-party website.

Continue to the site

As of 4/30/21	1 YR	3 YR	5 YR	10 YR	Since Inception (4/14/98)	2019	2020
BUFFALO SMALL CAP FUND - Investor	96.02	33.69	28.90	16.36	14.25	40.97	66.36
BUFFALO SMALL CAP FUND - Institutional	96.42	33.89	29.09	16.54	14.42	41.17	66.60
Morningstar U.S. Small Growth Index	63.25	19.90	19.79	13.35	7.71	27.60	43.52

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Fund performance may be subject to substantial short-term changes. Current performance may be lower or higher than the performance quoted. Standardized performance can be obtained here.

You are leaving the Buffalo Funds website and entering a third-party website. The Fund is not responsible for, nor can guarantee the accuracy of, any information contained on a third-party website.

Continue to the site

Annualized Performance (%)

As of 2/28/25	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	Since Inception
BUFFALO INTERNATIONAL FUND - Investor	4.02	8.01	2.73	3.77	8.35	7.31	5.51
BUFFALO INTERNATIONAL FUND - Institutional	4.06	8.06	2.87	3.93	8.50	7.47	5.67
FTSE All World Ex-US Index	3.07	5.05	9.86	5.09	8.25	5.47	3.41
Lipper International Fund Index	3.98	7.21	10.28	6.12	8.86	5.67	3.55

Expense ratio 1.05%. Average annual total return represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate and redemption value may be more or less than original cost. Fund performance current to the most recent month-end may be lower or higher than the performance quoted. Click here for month-end performance.

References to other mutual funds should not to be considered an offer to buy or sell these securities.

The Russell Global ex-US Index is an unmanaged index that measures the performance of the global equity market based on all investable equity securities, excluding companies assigned to the United States. The Lipper International Fund Index measures the performance of the 30 largest mutual funds in the international equity fund objective, as determined by Lipper, Inc. The Morningstar category average represents a universe of funds with similar objectives. The MSCI World Index is a broad global equity benchmark that represents large and mid-cap equity performance across 23 developed markets countries. It is not possible to invest directly in an index. Return on equity (ROE) is the amount of net income returned as a percentage of shareholders equity, and typically measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested. A complete list of the Fund’s holdings can be found here. Fund holdings are subject to change and should not be considered a recommendation to buy or sell any security.

As of 12/31/19	1 YR	3 YR	5 YR	10 YR
Buffalo International Fund	28.02	14.70	9.17	7.77
Morningstar Global Markets ex-US Index	21.57	9.94		5.59
Buffalo High Yield Fund	12.32	5.18	4.78	6.11
ICE BofAML U.S. High Yield Index	14.41	6.32		7.50

As of 12/31/17	1 YR	3 YR	5 YR	10 YR
Buffalo Discovery Fund	25.44	11.84	16.16	11.46
S&P 500 Index	21.83	11.41	15.79	8.50

Small Cap Growth Fund – Full Holdings

Our Funds

Invest With Us

Resources

About Us