Driehaus Capital Management 13F: Cuts STRL Stake by $22M

Driehaus Capital Scales Back Sterling Infrastructure Stake

Driehaus Capital Management trimmed its holdings in Sterling Infrastructure, Inc. (NasdaqGS: STRL) during the period, cutting its stake by 13.5% according to a Form 13F filing filed with the Securities and Exchange Commission. The fund sold 26,330 shares during the period, leaving it with 168,209 shares.

Reduction in Position Size

The sale lowered the fund's holdings from a prior count of 194,539 shares down to the current total of 168,209 shares. Based on the reporting period, the remaining shares carry an estimated value of $141.2 million. This backward-looking filing reflects holdings as of May 15, 2026, and may not represent the investor's current position today.

Sterling Infrastructure Stock Performance

Sterling Infrastructure shares trade near the upper boundary of their 52-week range, which spans from a low of $281.58 up to a peak of $1005.68. The engineering and construction firm trades well above its 50-day moving average of $508.52 and its 200-day moving average of $547.96. The stock last changed hands at $839.36.

Insider Buying and Selling at Sterling Infrastructure, Inc.

In related transactions, insider Julie Dill transacted in company stock, selling 325 shares on June 18, 2026. Such filings give investors a look at how executives manage their personal holdings alongside institutional moves.

Analysts Set New Price Targets

Wall Street firms continue to track the engineering firm closely. On October 15, 2026, Keybanc maintained an Overweight rating with a $755.00 price target. Earlier on October 14, 2026, Cantor Fitzgerald reiterated its Overweight rating and a $742.00 target. Stifel kept a Buy rating on October 8, 2026, adjusting its target to $742.00. Cantor Fitzgerald also reaffirmed an Overweight rating at $742.00 on September 30, 2026. DA Davidson initiated coverage with a Buy rating and a $700.00 target on August 21, 2026. Keybanc maintained an Overweight rating on August 5, 2026, alongside Cantor Fitzgerald doing the same.

Business Operations Overview

Sterling Infrastructure, Inc. provides e-infrastructure, transportation, and building solutions across the United States. The company operates through segments that handle site development for data centers and e-commerce hubs, build highway and transit networks, and construct residential and commercial concrete foundations. Based in The Woodlands, Texas, the firm employs 6,200 people.

What to Watch at Sterling Infrastructure, Inc.

Investors will monitor upcoming SEC filings to see whether Driehaus Capital continues trimming its position or changes direction. The company is scheduled to report its next set of quarterly financial results on October 28, 2026, which will offer fresh operational metrics for market participants.