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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
+12.83%
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
$7.05B
AUM Growth
+$359M
(+5.4%)
Cap. Flow
-$229M
Cap. Flow
% of AUM
-3.25%
Top 10 Holdings %
Top 10 Hldgs %
44.47%
Holding
130
New
6
Increased
45
Reduced
49
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Energy Recovery
ERII
|
+$44M |
| 2 |
Workiva
WK
|
+$29M |
| 3 |
Cytek Biosciences
CTKB
|
+$19.1M |
| 4 |
SMAR
Smartsheet Inc.
SMAR
|
+$14.9M |
| 5 |
ENFN
Enfusion, Inc.
ENFN
|
+$11.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AppFolio
APPF
|
+$104M |
| 2 |
CSII
Cardiovascular Systems, Inc.
CSII
|
+$56.4M |
| 3 |
Manhattan Associates
MANH
|
+$55.5M |
| 4 |
PRO
PROS Holdings
PRO
|
+$45.5M |
| 5 |
Neogen
NEOG
|
+$27.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 58.45% |
| 2 | Healthcare | 31.9% |
| 3 | Industrials | 7.73% |
| 4 | Consumer Discretionary | 1.02% |
| 5 | Materials | 0.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
OLO
26
DELISTED
Olo Inc
OLO
| $105M | 1.49% |
16,227,945
+1,335,223
| +9% | +$9.61M |
|
|
27
Workiva
WK
$3.36B
| $101M | 1.43% |
992,081
+301,835
| +44% | +$29M |
|
28
Q2 Holdings
QTWO
$3.8B
| $99.2M | 1.41% |
3,211,530
-103,948
| -3% | -$2.72M |
|
|
29
Neogen
NEOG
$2.63B
| $94.1M | 1.34% |
4,328,506
-1,517,097
| -26% | -$27.4M |
|
|
30
Cytek Biosciences
CTKB
$545M
| $91.6M | 1.3% |
10,731,683
+2,130,260
| +25% | +$19.1M |
|
|
PRO
31
DELISTED
PROS Holdings
PRO
| $90M | 1.28% |
2,921,517
-1,618,132
| -36% | -$45.5M |
|
32
Icon
ICLR
$12.6B
| $59.7M | 0.85% |
238,793
+3,137
| +1% | +$666K |
|
|
33
Energy Recovery
ERII
$446M
| $52.7M | 0.75% |
1,884,058
+1,764,754
| +1,479% | +$44M |
|
34
Shopify
SHOP
$152B
| $41.6M | 0.59% |
644,682
+32,321
| +5% | +$1.83M |
|
35
Ironwood Pharmaceuticals
IRWD
$696M
| $39.9M | 0.57% |
3,751,598
-182,335
| -5% | -$1.96M |
|
36
Tandem Diabetes Care
TNDM
$1.34B
| $39.1M | 0.55% |
1,591,729
-579,044
| -27% | -$18.6M |
|
37
Mercado Libre
MELI
$95.2B
| $37.4M | 0.53% |
31,545
+434
| +1% | +$546K |
|
|
AYX
38
DELISTED
Alteryx Inc
AYX
| $33.9M | 0.48% |
746,527
-100,920
| -12% | -$4.42M |
|
|
CWAN
39
DELISTED
Clearwater Analytics
CWAN
| $31.7M | 0.45% |
1,998,174
+405,794
| +25% | +$6.41M |
|
|
BCPC
40
Balchem Corp
BCPC
$5.38B
| $31.2M | 0.44% |
231,600
-67,781
| -23% | -$8.72M |
|
|
NARI
41
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $29.3M | 0.42% |
503,472
+6,554
| +1% | +$413K |
|
42
QuidelOrtho
QDEL
$1.14B
| $25.7M | 0.36% |
310,100
-114,306
| -27% | -$10M |
|
43
Inogen
INGN
$175M
| $25.5M | 0.36% |
2,207,535
| – | – |
|
44
Atlassian
TEAM
$25.6B
| $20.4M | 0.29% |
121,489
+1,757
| +1% | +$281K |
|
45
Protolabs
PRLB
$1.79B
| $16.3M | 0.23% |
467,368
-214,949
| -32% | -$6.85M |
|
46
Check Point Software Technologies
CHKP
$13B
| $14.1M | 0.2% |
112,205
+994
| +0.9% | +$125K |
|
47
Apple
AAPL
$4.54T
| $11.6M | 0.16% |
59,917
-2,035
| -3% | -$355K |
|
48
Align Technology
ALGN
$12.1B
| $10.5M | 0.15% |
29,787
+4,191
| +16% | +$1.33M |
|
49
Microsoft
MSFT
$3.45T
| $8.98M | 0.13% |
26,367
-382
| -1% | -$120K |
|
50
Mobileye
MBLY
$2B
| $7.75M | 0.11% |
+201,667
| New | +$8.18M |
|
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Brown Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Brown Capital Management held 130 positions worth $7.05B, up 5.4% from $6.69B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Brown Capital Management withdrew a net $229M in Q2 2023, closing 4 positions and reducing 49 holdings. Its most notable exit was Cardiovascular Systems, Inc., an estimated $56.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 58% of assets, down from 59% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Brown Capital Management opened a new position in Mobileye worth $7.75M.
- Brown Capital Management's largest Q2 2023 buy was Mobileye: 201,667 shares worth $7.75M.
- Brown Capital Management added most to Energy Recovery in Q2 2023, an estimated $44M increase.
- Brown Capital Management's biggest Q2 2023 reduction was AppFolio, cutting an estimated $104M.
- Brown Capital Management fully exited Cardiovascular Systems, Inc. in Q2 2023, selling an estimated $56.4M.
- Brown Capital Management's ten largest holdings make up 44% of its $7.05B portfolio in Q2 2023.
- Brown Capital Management opened 6 new positions and closed 4 in Q2 2023.
- Brown Capital Management's portfolio value rose 5.4% quarter-over-quarter to $7.05B.
Based on Brown Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.