Discovery Fund – Full Holdings

Download Prospectus

Full Portfolio Holdings as of 3/31/24

Name of Holding	Ticker	% of Net Assets
MSCI Inc	MSCI	3.15
IQVIA Holdings Inc	IQV	2.99
Aptiv PLC	APTV	2.72
CoStar Group Inc	CSGP	2.31
TransUnion	TRU	2.26
Ingersoll Rand Inc	IR	2.21
AMETEK Inc	AME	2.12
DoubleVerify Holdings Inc	DV	2.08
Copart Inc	CPRT	2.00
Martin Marietta Materials Inc	MLM	1.98
Veeva Systems Inc	VEEV	1.96
Crowdstrike Holdings Inc	CRWD	1.77
Schlumberger NV	SLB	1.62
Ferguson PLC	FERG	1.54
Amphenol Corp	APH	1.53
Natera Inc	NTRA	1.53
Xylem Inc/NY	XYL	1.46
Trade Desk Inc/The	TTD	1.44
Verisk Analytics Inc	VRSK	1.43
Global Payments Inc	GPN	1.40
Bio-Techne Corp	TECH	1.39
Endeavor Group Holdings Inc	EDR	1.38
Progyny Inc	PGNY	1.31
Trex Co Inc	TREX	1.26
Autodesk Inc	ADSK	1.23
Live Nation Entertainment Inc	LYV	1.22
Kenvue Inc	KVUE	1.21
Five Below Inc	FIVE	1.20
Intercontinental Exchange Inc	ICE	1.19
IDEXX Laboratories Inc	IDXX	1.18
Tyler Technologies Inc	TYL	1.18
Boston Scientific Corp	BSX	1.16
Pinterest Inc	PINS	1.15
Agilent Technologies Inc	A	1.13
Rockwell Automation Inc	ROK	1.08
Alcon Inc	ALC	1.06
Corpay Inc	CPAY	1.06
Avantor Inc	AVTR	1.03
Ecolab Inc	ECL	1.03
Synopsys Inc	SNPS	1.00
Shift4 Payments Inc	FOUR	1.00
Spotify Technology SA	SPOT	0.99
S&P Global Inc	SPGI	0.98
Fastenal Co	FAST	0.96
Dexcom Inc	DXCM	0.96
Expedia Group Inc	EXPE	0.96
CyberArk Software Ltd	CYBR	0.95
Calix Inc	CALX	0.95
Ciena Corp	CIEN	0.94
Teradata Corp	TDC	0.93
On Holding AG	ONON	0.93
Keysight Technologies Inc	KEYS	0.93
KBR Inc	KBR	0.93
Builders FirstSource Inc	BLDR	0.90
Tenable Holdings Inc	TENB	0.89
Universal Display Corp	OLED	0.89
Aspen Technology Inc	AZPN	0.87
Monolithic Power Systems Inc	MPWR	0.86
Bio-Rad Laboratories Inc	BIO	0.84
Air Products and Chemicals Inc	APD	0.83
Equifax Inc	EFX	0.82
Guidewire Software Inc	GWRE	0.81
ICON PLC	ICLR	0.80
Edwards Lifesciences Corp	EW	0.80
ANSYS Inc	ANSS	0.80
Varonis Systems Inc	VRNS	0.79
Arista Networks Inc	ANET	0.77
ULTA BEAUTY INC	ULTA	0.76
HEICO Corp	HEI/A	0.71
Procore Technologies Inc	PCOR	0.67
Gartner Inc	IT	0.66
McKesson Corp	MCK	0.64
MGM Resorts International	MGM	0.61
FactSet Research Systems Inc	FDS	0.60
Inspire Medical Systems Inc	INSP	0.57
Estee Lauder Cos Inc/The	EL	0.55
GoDaddy Inc	GDDY	0.54
Azenta Inc	AZTA	0.54
Lululemon Athletica Inc	LULU	0.53
Halozyme Therapeutics Inc	HALO	0.51
Illumina Inc	ILMN	0.49
Doximity Inc	DOCS	0.48
Paycom Software Inc	PAYC	0.48
Workday Inc	WDAY	0.47
MarketAxess Holdings Inc	MKTX	0.47
WESCO International Inc	WCC	0.46
EPAM Systems Inc	EPAM	0.45
BioMarin Pharmaceutical Inc	BMRN	0.44
Allegro MicroSystems Inc	ALGM	0.24
Shoals Technologies Group Inc	SHLS	0.12
TOTAL CASH OR EQUIVALENT		1.0745

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 4/30/24	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	Since Inception
BUFFALO INTERNATIONAL FUND - Investor	1.39	-0.09	4.61	0.67	7.42	6.98	5.42
BUFFALO INTERNATIONAL FUND - Institutional	1.49	0.00	4.79	0.84	7.59	7.14	5.58
FTSE All World Ex-US Index	4.01	2.97	10.28	1.03	5.82	4.65	3.09
Lipper International Fund Index	3.84	3.01	9.36	1.47	6.31	4.71	3.15

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

Discovery Fund – Full Holdings

Download Prospectus

Our Funds

Invest With Us

Resources

About Us