Virtus reports 2.9% stake in NVE; amounts included in Kayne Anderson total

Rhea-AI Filing Summary

NVE Corp Schedule 13G/A discloses beneficial ownership by two investment advisers. Kayne Anderson Rudnick Investment Management, LLC reports beneficial ownership of 307,607 shares, representing 6.4% of NVE ordinary shares, with 85,467 shares of sole voting power, 218,097 shares of shared voting power, 89,510 shares of sole dispositive power and 218,097 shares of shared dispositive power. Virtus Investment Advisers, LLC reports beneficial ownership of 139,104 shares (2.9%), with 139,104 shares of shared voting and dispositive power. The filing explicitly states Virtus's amounts are included in Kayne Anderson Rudnick's totals.

Positive

• Kayne Anderson Rudnick reports beneficial ownership of 307,607 shares (6.4%)
• Virtus Investment Advisers reports beneficial ownership of 139,104 shares (2.9%)
• Filing provides detailed voting and dispositive power breakdowns for both reporting persons
• Filing explicitly states Virtus's amounts are included in Kayne Anderson Rudnick's totals

Negative

• None.

Insights

Portfolio Manager

TL;DR: Filing shows Kayne Anderson holds 307,607 shares (6.4%); Virtus holds 139,104 shares (2.9%), included in Kayne's total.

The Schedule 13G/A reports concrete ownership figures: Kayne Anderson Rudnick Investment Management, LLC beneficially owns 307,607 shares (6.4%) with detailed breakdowns of sole and shared voting and dispositive power. Virtus Investment Advisers, LLC reports 139,104 shares (2.9%), and the filing states those Virtus holdings are included in Kayne Anderson Rudnick's reported aggregate. This is a standard institutional ownership disclosure summarizing positions and voting/dispositive authority as stated in the filing.

Corporate Governance Expert

TL;DR: Institutional ownership reported with explicit voting/dispositive power splits; Virtus's stake is included in Kayne Anderson's aggregate.

The document provides quantifiable ownership and control metrics: Kayne Anderson reports 85,467 sole voting shares and 218,097 shared voting shares, plus corresponding dispositive-power figures. Virtus reports only shared voting and dispositive power of 139,104 shares and the filing notes inclusion of Virtus numbers in Kayne Anderson's totals. The filing is a factual ownership disclosure without additional governance actions reported.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 10)

NVE Corp

(Name of Issuer)

NVE Ord Shs

(Title of Class of Securities)

629445206

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 629445206

1

Names of Reporting Persons

Kayne Anderson Rudnick Investment Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 85,467.00
6	Shared Voting Power 218,097.00
7	Sole Dispositive Power 89,510.00
8	Shared Dispositive Power 218,097.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

307,607.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 629445206

1

Names of Reporting Persons

Virtus Investment Advisers, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MASSACHUSETTS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 139,104.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 139,104.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

139,104.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.9 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: The amounts reported on this page are also included in the amounts reported by Kayne Anderson Rudnick Investment Management, LLC on this Schedule 13G.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: NVE Corp
(b)	Address of issuer's principal executive offices: 11409 Valley View Road, Eden Prairie, US-MN, 55344, US
Item 2.
(a)	Name of person filing: (1)Kayne Anderson Rudnick Investment Management, LLC (2) Virtus Investment Advisers, LLC
(b)	Address or principal business office or, if none, residence: (1) Kayne Anderson Rudnick Investment Management, LLC - 2000 Avenue of the Stars, Suite 1110, Los Angeles, 90067, CA, United States (2) Virtus Investment Advisers, LLC - One Financial Plaza, Hartford, 06103, CT, United States
(c)	Citizenship: (1) Kayne Anderson Rudnick Investment Management, LLC - CALIFORNIA (2) Virtus Investment Advisers, LLC - MASSACHUSETTS
(d)	Title of class of securities: NVE Ord Shs
(e)	CUSIP No.: 629445206
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: (1) Kayne Anderson Rudnick Investment Management, LLC: 307,607 (2) Virtus Investment Advisers, LLC: 139,104
(b)	Percent of class: (1) Kayne Anderson Rudnick Investment Management, LLC: 6.4 (2) Virtus Investment Advisers, LLC: 2.9
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: (1) Kayne Anderson Rudnick Investment Management, LLC: 85,467 (2) Virtus Investment Advisers, LLC: 0
	(ii) Shared power to vote or to direct the vote: (1) Kayne Anderson Rudnick Investment Management, LLC: 218,097 (2) Virtus Investment Advisers, LLC: 139,104
	(iii) Sole power to dispose or to direct the disposition of: (1) Kayne Anderson Rudnick Investment Management, LLC: 89,510 (2) Virtus Investment Advisers, LLC: 0
	(iv) Shared power to dispose or to direct the disposition of: (1) Kayne Anderson Rudnick Investment Management, LLC: 218,097 (2) Virtus Investment Advisers, LLC: 139,104
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. With respect to securities owned by a registered investment company included in this filing, only the custodian for such investment company, has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. No other person is known to have such right, except that the shareholders of such investment company participate proportionately in any dividends and distributions so paid.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Kayne Anderson Rudnick Investment Management, LLC

Signature:	/s/Michael Shoemaker
Name/Title:	Chief Compliance Officer
Date:	08/13/2025

Virtus Investment Advisers, LLC

Signature:	/s/Chetram Persaud
Name/Title:	Chief Compliance Officer
Date:	08/13/2025

FAQ

Who filed the Schedule 13G/A for NVE Corp (NVEC)?

The filing was made by Kayne Anderson Rudnick Investment Management, LLC and Virtus Investment Advisers, LLC as reported in the document.

How many NVE shares does Kayne Anderson Rudnick own according to the filing?

307,607 shares, representing 6.4% of the class, with 85,467 sole voting and 218,097 shared voting power.

How many NVE shares does Virtus Investment Advisers report owning?

139,104 shares, representing 2.9% of the class, with 139,104 shares of shared voting and dispositive power.

Are Virtus's holdings separate from Kayne Anderson's totals?

No. The filing explicitly states that the amounts reported for Virtus are included in the amounts reported by Kayne Anderson Rudnick on this Schedule 13G.

What voting and dispositive powers are reported for Kayne Anderson?

Kayne Anderson reports 85,467 sole voting power, 218,097 shared voting power, 89,510 sole dispositive power, and 218,097 shared dispositive power.