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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
+3.75%
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
$2.43B
AUM Growth
-$1.01B
(-29%)
Cap. Flow
-$1.01B
Cap. Flow
% of AUM
-41.55%
Top 10 Holdings %
Top 10 Hldgs %
43.95%
Holding
87
New
4
Increased
4
Reduced
46
Closed
33
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Corcept Therapeutics
CORT
|
+$17.4M |
| 2 |
Axogen
AXGN
|
+$9.35M |
| 3 |
Intapp
INTA
|
+$9.24M |
| 4 |
Badger Meter
BMI
|
+$9.06M |
| 5 |
Global E Online
GLBE
|
+$7.38M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ANSS
Ansys
ANSS
|
+$99.8M |
| 2 |
CYBR
CyberArk
CYBR
|
+$80.1M |
| 3 |
AppFolio
APPF
|
+$64M |
| 4 |
OLO
Olo Inc
OLO
|
+$58.4M |
| 5 |
Datadog
DDOG
|
+$58M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 60.67% |
| 2 | Healthcare | 23.83% |
| 3 | Consumer Discretionary | 8.61% |
| 4 | Industrials | 5.66% |
| 5 | Communication Services | 0.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Microsoft
MSFT
$3.71T
| $454K | 0.02% |
877
-3,376
| -79% | -$1.72M |
|
52
Alphabet (Google) Class A
GOOGL
$4.38T
| $385K | 0.02% |
1,583
-9,777
| -86% | -$2.05M |
|
53
Amazon
AMZN
$2.94T
| $376K | 0.02% |
1,713
-5,216
| -75% | -$1.18M |
|
54
Meta Platforms (Facebook)
META
$1.5T
| $303K | 0.01% |
412
-1,768
| -81% | -$1.32M |
|
55
Adobe
ADBE
$103B
| – | – |
-793
| Closed | -$307K |
|
56
Automatic Data Processing
ADP
$109B
| – | – |
-1,143
| Closed | -$353K |
|
57
Autodesk
ADSK
$51.2B
| – | – |
-926
| Closed | -$287K |
|
|
ANSS
58
DELISTED
Ansys
ANSS
| – | – |
-284,257
| Closed | -$99.8M |
|
59
Air Products & Chemicals
APD
$66.8B
| – | – |
-722
| Closed | -$204K |
|
60
Chipotle Mexican Grill
CMG
$42.7B
| – | – |
-8,340
| Closed | -$468K |
|
61
Salesforce
CRM
$153B
| – | – |
-857
| Closed | -$234K |
|
62
Darden Restaurants
DRI
$24.1B
| – | – |
-1,391
| Closed | -$303K |
|
63
Ecolab
ECL
$79.8B
| – | – |
-1,424
| Closed | -$384K |
|
64
Fastenal
FAST
$58.3B
| – | – |
-9,874
| Closed | -$415K |
|
|
FISV
65
Fiserv Inc
FISV
$28.9B
| – | – |
-2,327
| Closed | -$401K |
|
66
Home Depot
HD
$349B
| – | – |
-1,395
| Closed | -$511K |
|
67
H&R Block
HRB
$5.82B
| – | – |
-3,915
| Closed | -$215K |
|
68
HubSpot
HUBS
$10.4B
| – | – |
-794
| Closed | -$442K |
|
69
JPMorgan Chase
JPM
$947B
| – | – |
-2,319
| Closed | -$672K |
|
70
Mastercard
MA
$505B
| – | – |
-1,768
| Closed | -$994K |
|
71
McDonald's
MCD
$196B
| – | – |
-787
| Closed | -$230K |
|
72
M&T Bank
MTB
$36.1B
| – | – |
-1,308
| Closed | -$254K |
|
73
NVIDIA
NVDA
$5.3T
| – | – |
-6,095
| Closed | -$963K |
|
|
OLO
74
DELISTED
Olo Inc
OLO
| – | – |
-6,560,632
| Closed | -$58.4M |
|
75
Oracle
ORCL
$413B
| – | – |
-1,850
| Closed | -$404K |
|
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Brown Capital Management's Q3 2025 Portfolio in Review
As of Q3 2025, Brown Capital Management held 87 positions worth $2.43B, down 29% from $3.44B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Brown Capital Management withdrew a net $1.01B in Q3 2025, closing 33 positions and reducing 46 holdings. Its most notable exit was Ansys, an estimated $99.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 61% of assets, down from 63% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Brown Capital Management opened a new position in Corcept Therapeutics worth $20M.
- Brown Capital Management's largest Q3 2025 buy was Corcept Therapeutics: 240,047 shares worth $20M.
- Brown Capital Management added most to Badger Meter in Q3 2025, an estimated $9.06M increase.
- Brown Capital Management's biggest Q3 2025 reduction was CyberArk, cutting an estimated $80.1M.
- Brown Capital Management fully exited Ansys in Q3 2025, selling an estimated $99.8M.
- Brown Capital Management's ten largest holdings make up 44% of its $2.43B portfolio in Q3 2025.
- Brown Capital Management opened 4 new positions and closed 33 in Q3 2025.
- Brown Capital Management's portfolio value fell 29% quarter-over-quarter to $2.43B.
Based on Brown Capital Management's 13F filing for Q3 2025, filed 4 Nov 2025.