Fund Evaluator:
Buffalo Growth Institutional (BIIGX)
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Best Performing in Large Growth Over the Last Year
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Fund Details
Buffalo Growth Institutional Overview
Buffalo Growth Institutional (BIIGX) is an actively managed U.S. Equity Large Growth fund. Buffalo launched the fund in 2019.
The investment seeks long-term growth of capital. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities, consisting of common stocks, preferred stocks, convertible securities, warrants, and rights of “growth companies.” The fund’s investment adviser, defines growth companies as companies that, at the time of purchase, are constituents of the Russell 3000® Growth Index or exhibit growth characteristics consistent with inclusion of companies in the Russell 3000® Growth Index. It is non-diversified.
About Buffalo Growth Institutional (BIIGX)
There are 1 members of the management team with an average tenure of 0.29 years: Grant LacKamp (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 3000 Growth TR USD index with a weighting of 100%. Buffalo Growth Institutional has 45 securities in its portfolio. The top 10 holdings constitute 62.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Buffalo Growth Institutional is part of the Equity global asset class and is within the U.S. Equity fund group. Buffalo Growth Institutional has 2.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 91.3%. There is 2.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Buffalo Growth Institutional has 6.6% of the portfolio in cash.
Assets Under Management
The fund has $94 million in total assets, which is below the $2 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BIIGX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Buffalo Growth Institutional expense ratio is above average compared to funds in the Large Growth category. Buffalo Growth Institutional has an expense ratio of 0.77%, which is 20% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Buffalo Growth Institutional has a portfolio turnover rate of 10%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 55% for the Large Growth category.
Recently, in the month of August 2026, Buffalo Growth Institutional returned 2.4%, which earned it a grade of D, as the Large Growth category had an average return of 3.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Buffalo Growth Institutional has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Buffalo Growth Institutional Grades
Year to date, the fund has returned 1.0%, 6.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 5.0% over the past year (grade of F), 15.2% over the past three years (grade of F) and 7.7% per year over the past five years (grade of D) and 13.6% per year over the past 10 years (grade of F).
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BIIGX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BIIGX Return (NAV) | 2.4% | -1.3% | 5.0% | 15.2% | 7.7% | 13.6% |
| BIIGX Grade | D | C | F | F | D | F |
| +/- Category | -0.9% | -0.1% | -7.0% | -4.7% | -0.9% | -2.2% |
| Large Growth Avg | 3.3% | -1.2% | 12.0% | 20.0% | 8.6% | 15.7% |
| BIIGX Tax Cost Ratio | na | na | 1.4% | 1.5% | 1.6% | na |
BIIGX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BIIGX Return (NAV) | 1.0% | 14.0% | 25.3% | 42.8% | -31.0% | 21.9% | 28.5% | 32.0% | 0.5% | 22.8% | 4.9% |
| BIIGX Grade | F | D | D | B | C | C | F | D | B | F | B |
| +/- Category | -6.2% | -1.6% | -4.3% | 4.1% | 1.1% | 1.6% | -13.6% | -1.1% | 1.2% | -7.0% | 2.2% |
| Large Growth Avg | 7.2% | 15.7% | 29.6% | 38.7% | -32.1% | 20.2% | 42.1% | 33.2% | -0.7% | 29.8% | 2.7% |
| Risk Measures | |
| Standard Deviation: | 16.4% |
| Total Risk Index: | 1.35 - High |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (32% Rank) |
| Beta: | 1.19 |
| R-Squared: | 89% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $173 Mil |
| Fund Total Assets: | $ 95 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 10% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.3 years | |||
| Average Tenure: 0.3 years | |||
| Managers (Year): LacKamp Grant (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 45 |
| % in Top 10 Holdings: | 62.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 2.1% |
Portfolio Allocation |
|
| Domestic Stock: | 91.3% |
| Foreign Stock: | 2.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 6.6% |
Purchase Information
| Fund Family: | Buffalo |
| Phone Number: | 800-492-8332 |
| Website: | www.buffalofunds.com |
| Status: | Open |
| Inception Date: | July 1, 2019 |
| Min. Initial Purchase: | $250,000 |
| Min. Initial IRA Purchase: | $250,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.77% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | Buffalo Growth |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
