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BCM
Brown Capital Management Portfolio holdings
AUM
$500M
1-Year Est. Return
25.3%
This Fund
S&P 500
This Quarter
Est. Return
+6.91%
1 Year Est. Return
+25.3%
3 Year Est. Return
+79.24%
5 Year Est. Return
+57.49%
10 Year Est. Return
+614.96%
AUM
$10.5B
AUM Growth
+$151M
(+1.5%)
Cap. Flow
-$361M
Cap. Flow
% of AUM
-3.45%
Top 10 Holdings %
Top 10 Hldgs %
44.72%
Holding
124
New
3
Increased
19
Reduced
84
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tandem Diabetes Care
TNDM
|
+$56.1M |
| 2 |
SMAR
Smartsheet Inc.
SMAR
|
+$54.1M |
| 3 |
AppFolio
APPF
|
+$12.4M |
| 4 |
Alarm.com
ALRM
|
+$11.5M |
| 5 |
CYBR
CyberArk
CYBR
|
+$4.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MDSO
Medidata Solutions, Inc.
MDSO
|
+$235M |
| 2 |
Guidewire Software
GWRE
|
+$57.1M |
| 3 |
Paycom
PAYC
|
+$43.8M |
| 4 |
Tyler Technologies
TYL
|
+$40.7M |
| 5 |
BCPC
Balchem Corp
BCPC
|
+$31.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 51.25% |
| 2 | Healthcare | 33.14% |
| 3 | Industrials | 8.37% |
| 4 | Materials | 3.36% |
| 5 | Consumer Discretionary | 0.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
AppFolio
APPF
$6.23B
| $179M | 1.71% |
1,624,454
+121,365
| +8% | +$12.4M |
|
|
NXGN
27
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $145M | 1.39% |
9,041,574
-9,450
| -0.1% | -$156K |
|
28
DMC Global
BOOM
$128M
| $116M | 1.11% |
2,590,189
-7,200
| -0.3% | -$320K |
|
|
VCRA
29
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $112M | 1.07% |
5,399,806
-71,300
| -1% | -$1.56M |
|
30
NETSCOUT
NTCT
$2.91B
| $101M | 0.96% |
4,176,867
-546,901
| -12% | -$12.9M |
|
31
ACI Worldwide
ACIW
$5.86B
| $99.8M | 0.95% |
2,635,599
-203,945
| -7% | -$6.95M |
|
|
EGOV
32
DELISTED
NIC Inc
EGOV
| $86.8M | 0.83% |
3,882,910
-11,900
| -0.3% | -$260K |
|
|
LGTY
33
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $60.2M | 0.58% |
4,045,531
-5,600
| -0.1% | -$88K |
|
34
Icon
ICLR
$12.8B
| $59.5M | 0.57% |
345,760
-167
| -0% | -$25.8K |
|
|
SMAR
35
DELISTED
Smartsheet Inc.
SMAR
| $58.8M | 0.56% |
+1,309,510
| New | +$54.1M |
|
|
36
Tandem Diabetes Care
TNDM
$1.3B
| $54.2M | 0.52% |
+909,992
| New | +$56.1M |
|
|
CYBR
37
DELISTED
CyberArk
CYBR
| $47.9M | 0.46% |
411,112
+38,765
| +10% | +$4.35M |
|
38
Carnival Corporation Ltd
CCL
$38B
| $37M | 0.35% |
728,838
-880
| -0.1% | -$39.3K |
|
39
Check Point Software Technologies
CHKP
$13.1B
| $36.7M | 0.35% |
330,430
-401
| -0.1% | -$45.1K |
|
40
Mercado Libre
MELI
$95.6B
| $32.5M | 0.31% |
56,847
-4,905
| -8% | -$2.71M |
|
41
Qiagen
QGEN
$8.55B
| $31.1M | 0.3% |
867,422
-979
| -0.1% | -$36.4K |
|
|
GWPH
42
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $26.3M | 0.25% |
251,664
+24,326
| +11% | +$2.73M |
|
43
Incyte
INCY
$24.9B
| $22.8M | 0.22% |
260,970
| – | – |
|
|
AVDL
44
DELISTED
Avadel Pharmaceuticals
AVDL
| $13.8M | 0.13% |
1,829,886
+133,596
| +8% | +$706K |
|
45
Johnson Controls International
JCI
$87.8B
| $11.8M | 0.11% |
290,731
-329
| -0.1% | -$13.9K |
|
|
MASI
46
DELISTED
Masimo
MASI
| $9.63M | 0.09% |
60,917
-41
| -0.1% | -$6.16K |
|
47
Apple
AAPL
$4.9T
| $7.44M | 0.07% |
101,368
-1,592
| -2% | -$102K |
|
48
Microsoft
MSFT
$3.35T
| $5.03M | 0.05% |
31,865
-521
| -2% | -$76.5K |
|
49
Alphabet (Google) Class A
GOOGL
$4.08T
| $4.41M | 0.04% |
65,780
-1,300
| -2% | -$83.9K |
|
50
T. Rowe Price
TROW
$25.6B
| $4.32M | 0.04% |
35,490
-671
| -2% | -$79.2K |
|
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Brown Capital Management's Q4 2019 Portfolio in Review
As of Q4 2019, Brown Capital Management held 124 positions worth $10.5B, up 1.5% from $10.3B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Brown Capital Management withdrew a net $361M in Q4 2019, closing 4 positions and reducing 84 holdings. Its most notable exit was Medidata Solutions, Inc., an estimated $235M position sold in full.
By sector, the portfolio is most concentrated in Technology at 51% of assets, up from 50% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Brown Capital Management opened a new position in Tandem Diabetes Care worth $54.2M.
- Brown Capital Management's largest Q4 2019 buy was Tandem Diabetes Care: 909,992 shares worth $54.2M.
- Brown Capital Management added most to AppFolio in Q4 2019, an estimated $12.4M increase.
- Brown Capital Management's biggest Q4 2019 reduction was Guidewire Software, cutting an estimated $57.1M.
- Brown Capital Management fully exited Medidata Solutions, Inc. in Q4 2019, selling an estimated $235M.
- Brown Capital Management's ten largest holdings make up 45% of its $10.5B portfolio in Q4 2019.
- Brown Capital Management opened 3 new positions and closed 4 in Q4 2019.
- Brown Capital Management's portfolio value rose 1.5% quarter-over-quarter to $10.5B.
Based on Brown Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.