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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
+14.67%
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
$3.44B
AUM Growth
+$120M
(+3.6%)
Cap. Flow
-$228M
Cap. Flow
% of AUM
-6.64%
Top 10 Holdings %
Top 10 Hldgs %
42.84%
Holding
106
New
1
Increased
13
Reduced
69
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vertex
VERX
|
+$29.1M |
| 2 |
CWAN
Clearwater Analytics
CWAN
|
+$25.9M |
| 3 |
Repligen
RGEN
|
+$18M |
| 4 |
Badger Meter
BMI
|
+$5.05M |
| 5 |
Red Violet
RDVT
|
+$4.88M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ENFN
Enfusion, Inc.
ENFN
|
+$57.3M |
| 2 |
Helios Technologies
HLIO
|
+$37.7M |
| 3 |
Vicor
VICR
|
+$34.5M |
| 4 |
Guidewire Software
GWRE
|
+$25.8M |
| 5 |
Veeva Systems
VEEV
|
+$24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 62.7% |
| 2 | Healthcare | 25.08% |
| 3 | Consumer Discretionary | 6.4% |
| 4 | Industrials | 4.67% |
| 5 | Communication Services | 1.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
nCino
NCNO
$2.02B
| $57.6M | 1.68% |
2,059,875
-120,524
| -6% | -$3.01M |
|
|
27
Vertex
VERX
$2.09B
| $50.5M | 1.47% |
1,428,394
+763,549
| +115% | +$29.1M |
|
28
Workiva
WK
$3.36B
| $48.1M | 1.4% |
702,007
+6,528
| +0.9% | +$449K |
|
29
Shopify
SHOP
$152B
| $48M | 1.39% |
415,776
-7,943
| -2% | -$794K |
|
30
Inspire Medical Systems
INSP
$1.45B
| $47.7M | 1.39% |
367,441
+15,101
| +4% | +$2.19M |
|
31
UFP Technologies
UFPT
$1.97B
| $41.7M | 1.21% |
170,811
+17,493
| +11% | +$3.94M |
|
|
32
Badger Meter
BMI
$3.89B
| $40.1M | 1.17% |
163,678
+22,297
| +16% | +$5.05M |
|
33
SPS Commerce
SPSC
$2.64B
| $35.6M | 1.03% |
261,295
-5,507
| -2% | -$763K |
|
34
OrthoPediatrics
KIDS
$519M
| $33.4M | 0.97% |
1,556,704
-113,821
| -7% | -$2.46M |
|
35
Duolingo
DUOL
$6.28B
| $32.5M | 0.94% |
79,190
+3,006
| +4% | +$1.32M |
|
36
monday.com
MNDY
$3.68B
| $32.1M | 0.93% |
102,016
-1,527
| -1% | -$425K |
|
37
DoubleVerify
DV
$1.73B
| $31.8M | 0.93% |
2,127,337
-114,409
| -5% | -$1.57M |
|
38
Energy Recovery
ERII
$446M
| $31.7M | 0.92% |
2,479,294
-116,657
| -4% | -$1.58M |
|
39
CryoPort
CYRX
$761M
| $28.3M | 0.82% |
3,798,962
-254,648
| -6% | -$1.58M |
|
40
Icon
ICLR
$12.6B
| $26.1M | 0.76% |
179,523
-2,522
| -1% | -$358K |
|
41
Cytek Biosciences
CTKB
$545M
| $24.2M | 0.7% |
7,109,995
-353,972
| -5% | -$1.18M |
|
|
42
Red Violet
RDVT
$979M
| $23.1M | 0.67% |
469,340
+111,908
| +31% | +$4.88M |
|
43
Atlassian
TEAM
$25.6B
| $22.1M | 0.64% |
108,757
-1,731
| -2% | -$360K |
|
44
Check Point Software Technologies
CHKP
$13B
| $14.6M | 0.43% |
66,201
-1,058
| -2% | -$233K |
|
45
RxSight
RXST
$249M
| $14.6M | 0.42% |
1,119,240
+171,952
| +18% | +$2.59M |
|
46
Tandem Diabetes Care
TNDM
$1.34B
| $10.3M | 0.3% |
551,207
-39,807
| -7% | -$788K |
|
|
PRO
47
DELISTED
PROS Holdings
PRO
| $8.26M | 0.24% |
527,485
-92,190
| -15% | -$1.57M |
|
48
Apple
AAPL
$4.54T
| $2.36M | 0.07% |
11,517
-2,381
| -17% | -$481K |
|
49
Microsoft
MSFT
$3.45T
| $2.12M | 0.06% |
4,253
-6,021
| -59% | -$2.61M |
|
50
Alphabet (Google) Class A
GOOGL
$4.36T
| $2M | 0.06% |
11,360
-3,422
| -23% | -$560K |
|
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Brown Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Brown Capital Management held 106 positions worth $3.44B, up 3.6% from $3.32B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Brown Capital Management withdrew a net $228M in Q2 2025, closing 23 positions and reducing 69 holdings. Its most notable exit was Enfusion, Inc., an estimated $57.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 63% of assets, up from 61% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Brown Capital Management opened a new position in Texas Instruments worth $204K.
- Brown Capital Management's largest Q2 2025 buy was Texas Instruments: 982 shares worth $204K.
- Brown Capital Management added most to Vertex in Q2 2025, an estimated $29.1M increase.
- Brown Capital Management's biggest Q2 2025 reduction was Guidewire Software, cutting an estimated $25.8M.
- Brown Capital Management fully exited Enfusion, Inc. in Q2 2025, selling an estimated $57.3M.
- Brown Capital Management's ten largest holdings make up 43% of its $3.44B portfolio in Q2 2025.
- Brown Capital Management opened 1 new position and closed 23 in Q2 2025.
- Brown Capital Management's portfolio value rose 3.6% quarter-over-quarter to $3.44B.
Based on Brown Capital Management's 13F filing for Q2 2025, filed 13 Aug 2025.