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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
+14.51%
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
$6.66B
AUM Growth
+$140M
Cap. Flow
-$520M
Cap. Flow %
-7.8%
Top 10 Hldgs %
43.31%
Holding
129
New
3
Increased
17
Reduced
80
Closed
1

Top Buys

Rank Stock Value
1
DV icon
DoubleVerify
DV
+$39.1M
2
ERII icon
Energy Recovery
ERII
+$31.8M
3
TECH icon
Bio-Techne
TECH
+$25.9M
4
WK icon
Workiva
WK
+$22.6M
5
PAYC icon
Paycom
PAYC
+$21.5M

Top Sells

Rank Stock Value
1
ABCM
Abcam PLC
ABCM
+$209M
2
DDOG icon
Datadog
DDOG
+$76.5M
3
MANH icon
Manhattan Associates
MANH
+$57.7M
4
ANSS
Ansys
ANSS
+$50.6M
5
TYL icon
Tyler Technologies
TYL
+$48.7M

Sector Composition

Rank Sector Weight
1 Technology 58.71%
2 Healthcare 30.18%
3 Industrials 8.4%
4 Communication Services 1.39%
5 Consumer Discretionary 1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SYY icon
101
Sysco
SYY
$40B
$741K 0.01%
10,126
– –
SBUX icon
102
Starbucks
SBUX
$122B
$738K 0.01%
7,691
-1,056
-12% -$103K
PG icon
103
Procter & Gamble
PG
$339B
$657K 0.01%
4,481
– –
SCHW
104
Charles Schwab
SCHW
$186B
$633K 0.01%
9,200
-4,426
-32% -$256K
YORW icon
105
York Water
YORW
$514M
$434K 0.01%
11,250
– –
DHR icon
106
Danaher
DHR
$143B
$422K 0.01%
1,823
-233
-11% -$49.6K
TGT icon
107
Target
TGT
$67.4B
$411K 0.01%
2,888
– –
UNH icon
108
UnitedHealth
UNH
$372B
$394K 0.01%
748
-432
-37% -$230K
TJX icon
109
TJX Companies
TJX
$178B
$393K 0.01%
4,194
-658
-14% -$59K
JNJ icon
110
Johnson & Johnson
JNJ
$618B
$382K 0.01%
2,437
– –
MS icon
111
Morgan Stanley
MS
$338B
$378K 0.01%
4,054
-1,708
-30% -$137K
CSCO icon
112
Cisco
CSCO
$479B
$375K 0.01%
7,424
– –
PWR icon
113
Quanta Services
PWR
$101B
$365K 0.01%
1,690
-480
-22% -$88.7K
PHM icon
114
Pultegroup
PHM
$25.3B
$351K 0.01%
3,399
– –
APD icon
115
Air Products & Chemicals
APD
$67.5B
$342K 0.01%
1,250
– –
PM icon
116
Philip Morris
PM
$295B
$333K 0.01%
3,535
– –
BKNG icon
117
Booking.com
BKNG
$160B
$326K ﹤0.01%
2,300
-900
-28% -$112K
MRK icon
118
Merck
MRK
$316B
$323K ﹤0.01%
2,963
– –
BOH icon
119
Bank of Hawaii
BOH
$3.13B
$319K ﹤0.01%
4,403
– –
TXN icon
120
Texas Instruments
TXN
$261B
$315K ﹤0.01%
1,850
– –
SNA icon
121
Snap-on
SNA
$21.5B
$301K ﹤0.01%
1,041
– –
WSM icon
122
Williams-Sonoma
WSM
$29.5B
$278K ﹤0.01%
2,752
– –
PAYX icon
123
Paychex
PAYX
$42.7B
$278K ﹤0.01%
2,330
– –
AVGO icon
124
Broadcom
AVGO
$2.02T
$250K ﹤0.01%
+2,240
New +$212K
LLY icon
125
Eli Lilly
LLY
$1.05T
$247K ﹤0.01%
424
– –
2 3 4
5
6

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MIP
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AGP
Artia Global Partners Miami, Florida $499M AUM 186.05% 1-Year Est. Return
DAC
Dividend Assets Capital Ridgeland, South Carolina $501M AUM 13.71% 1-Year Est. Return
AA
Auxano Advisors Bellevue, Washington $501M AUM 24.15% 1-Year Est. Return
MCCP
Mission Creek Capital Partners San Francisco, California $501M AUM 28.4% 1-Year Est. Return
HCI
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KCL
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Brown Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Brown Capital Management held 129 positions worth $6.66B, up 2.2% from $6.52B the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Brown Capital Management withdrew a net $520M in Q4 2023, closing 1 position and reducing 80 holdings. Its most notable exit was Abcam PLC, an estimated $209M position sold in full.

By sector, the portfolio is most concentrated in Technology at 59% of assets, down from 60% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Brown Capital Management opened a new position in EngageSmart, Inc. worth $14.4M.

  • Brown Capital Management's largest Q4 2023 buy was EngageSmart, Inc.: 630,229 shares worth $14.4M.
  • Brown Capital Management added most to DoubleVerify in Q4 2023, an estimated $39.1M increase.
  • Brown Capital Management's biggest Q4 2023 reduction was Datadog, cutting an estimated $76.5M.
  • Brown Capital Management fully exited Abcam PLC in Q4 2023, selling an estimated $209M.
  • Brown Capital Management's ten largest holdings make up 43% of its $6.66B portfolio in Q4 2023.
  • Brown Capital Management opened 3 new positions and closed 1 in Q4 2023.
  • Brown Capital Management's portfolio value rose 2.2% quarter-over-quarter to $6.66B.

Based on Brown Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.