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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
-12.42%
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
$3.32B
AUM Growth
-$998M
(-23%)
Cap. Flow
-$384M
Cap. Flow
% of AUM
-11.58%
Top 10 Holdings %
Top 10 Hldgs %
41.43%
Holding
122
New
4
Increased
12
Reduced
83
Closed
17
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Transmedics
TMDX
|
+$32.2M |
| 2 |
Badger Meter
BMI
|
+$29.5M |
| 3 |
SPS Commerce
SPSC
|
+$26.4M |
| 4 |
UFP Technologies
UFPT
|
+$18.6M |
| 5 |
Global E Online
GLBE
|
+$14.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SMAR
Smartsheet Inc.
SMAR
|
+$54.2M |
| 2 |
Guidewire Software
GWRE
|
+$51.5M |
| 3 |
Alarm.com
ALRM
|
+$35.8M |
| 4 |
Tyler Technologies
TYL
|
+$29.1M |
| 5 |
10x Genomics
TXG
|
+$26.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 60.92% |
| 2 | Healthcare | 26.09% |
| 3 | Consumer Discretionary | 6.05% |
| 4 | Industrials | 5.61% |
| 5 | Communication Services | 1.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
UnitedHealth
UNH
$369B
| $224K | 0.01% |
427
-32
| -7% | -$16.4K |
|
102
Charles River Laboratories
CRL
$12.5B
| $223K | 0.01% |
1,484
-675
| -31% | -$113K |
|
103
Philip Morris
PM
$295B
| $217K | 0.01% |
+1,367
| New | +$194K |
|
104
Merck
MRK
$317B
| $204K | 0.01% |
2,274
-1,780
| -44% | -$166K |
|
105
Bank of Hawaii
BOH
$3.13B
| $203K | 0.01% |
2,947
-1,203
| -29% | -$85.5K |
|
106
Align Technology
ALGN
$12.1B
| – | – |
-2,212
| Closed | -$461K |
|
107
Bright Horizons
BFAM
$3.88B
| – | – |
-1,851
| Closed | -$205K |
|
108
Cisco
CSCO
$478B
| – | – |
-3,880
| Closed | -$230K |
|
109
Danaher
DHR
$142B
| – | – |
-1,127
| Closed | -$259K |
|
110
Expedia Group
EXPE
$36.9B
| – | – |
-2,276
| Closed | -$424K |
|
111
General Mills
GIS
$19.4B
| – | – |
-4,546
| Closed | -$290K |
|
112
Inogen
INGN
$161M
| – | – |
-1,358,826
| Closed | -$12.5M |
|
113
Jack Henry & Associates
JKHY
$11B
| – | – |
-1,329
| Closed | -$233K |
|
114
Eli Lilly
LLY
$1.05T
| – | – |
-399
| Closed | -$308K |
|
|
MASI
115
DELISTED
Masimo
MASI
| – | – |
-1,481
| Closed | -$245K |
|
116
O'Reilly Automotive
ORLY
$75.7B
| – | – |
-9,210
| Closed | -$728K |
|
117
SiteOne Landscape Supply
SITE
$4.55B
| – | – |
-2,318
| Closed | -$305K |
|
|
118
10x Genomics
TXG
$6.13B
| – | – |
-1,843,960
| Closed | -$26.5M |
|
119
Texas Instruments
TXN
$261B
| – | – |
-2,093
| Closed | -$392K |
|
120
Visa
V
$679B
| – | – |
-3,661
| Closed | -$1.16M |
|
|
NARI
121
DELISTED
Inari Medical, Inc. Common Stock
NARI
| – | – |
-343,778
| Closed | -$17.5M |
|
|
SMAR
122
DELISTED
Smartsheet Inc.
SMAR
| – | – |
-967,221
| Closed | -$54.2M |
|
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Brown Capital Management's Q1 2025 Portfolio in Review
As of Q1 2025, Brown Capital Management held 122 positions worth $3.32B, down 23% from $4.32B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Brown Capital Management withdrew a net $384M in Q1 2025, closing 17 positions and reducing 83 holdings. Its most notable exit was Smartsheet Inc., an estimated $54.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 61% of assets, up from 60% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Brown Capital Management opened a new position in Transmedics worth $31.5M.
- Brown Capital Management's largest Q1 2025 buy was Transmedics: 468,123 shares worth $31.5M.
- Brown Capital Management added most to SPS Commerce in Q1 2025, an estimated $26.4M increase.
- Brown Capital Management's biggest Q1 2025 reduction was Guidewire Software, cutting an estimated $51.5M.
- Brown Capital Management fully exited Smartsheet Inc. in Q1 2025, selling an estimated $54.2M.
- Brown Capital Management's ten largest holdings make up 41% of its $3.32B portfolio in Q1 2025.
- Brown Capital Management opened 4 new positions and closed 17 in Q1 2025.
- Brown Capital Management's portfolio value fell 23% quarter-over-quarter to $3.32B.
Based on Brown Capital Management's 13F filing for Q1 2025, filed 15 May 2025.