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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
+6.91%
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
$10.5B
AUM Growth
+$151M
(+1.5%)
Cap. Flow
-$361M
Cap. Flow
% of AUM
-3.45%
Top 10 Holdings %
Top 10 Hldgs %
44.72%
Holding
124
New
3
Increased
19
Reduced
84
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tandem Diabetes Care
TNDM
|
+$56.1M |
| 2 |
SMAR
Smartsheet Inc.
SMAR
|
+$54.1M |
| 3 |
AppFolio
APPF
|
+$12.4M |
| 4 |
Alarm.com
ALRM
|
+$11.5M |
| 5 |
CYBR
CyberArk
CYBR
|
+$4.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MDSO
Medidata Solutions, Inc.
MDSO
|
+$235M |
| 2 |
Guidewire Software
GWRE
|
+$57.1M |
| 3 |
Paycom
PAYC
|
+$43.8M |
| 4 |
Tyler Technologies
TYL
|
+$40.7M |
| 5 |
BCPC
Balchem Corp
BCPC
|
+$31.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 51.25% |
| 2 | Healthcare | 33.14% |
| 3 | Industrials | 8.37% |
| 4 | Materials | 3.36% |
| 5 | Consumer Discretionary | 0.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Tyler Technologies
TYL
$13.7B
| $556M | 5.32% |
1,854,286
-146,221
| -7% | -$40.7M |
|
|
2
Paycom
PAYC
$7.88B
| $546M | 5.23% |
2,063,650
-185,295
| -8% | -$43.8M |
|
3
Cognex
CGNX
$9.62B
| $528M | 5.05% |
9,429,812
-53,425
| -0.6% | -$2.76M |
|
4
Veeva Systems
VEEV
$33.8B
| $489M | 4.68% |
3,477,773
-1,875
| -0.1% | -$275K |
|
5
Manhattan Associates
MANH
$12.1B
| $477M | 4.56% |
5,980,010
-16,087
| -0.3% | -$1.28M |
|
|
ANSS
6
DELISTED
Ansys
ANSS
| $441M | 4.22% |
1,713,718
-97,628
| -5% | -$23.1M |
|
7
Neogen
NEOG
$2.05B
| $440M | 4.21% |
13,497,582
-8,946
| -0.1% | -$294K |
|
8
QuidelOrtho
QDEL
$1.13B
| $421M | 4.03% |
5,617,614
-29,400
| -0.5% | -$1.9M |
|
|
PRO
9
DELISTED
PROS Holdings
PRO
| $391M | 3.74% |
6,526,453
-15,150
| -0.2% | -$874K |
|
10
Protolabs
PRLB
$1.7B
| $385M | 3.68% |
3,788,628
+3,750
| +0.1% | +$372K |
|
|
AYX
11
DELISTED
Alteryx Inc
AYX
| $368M | 3.52% |
3,676,739
-700
| -0% | -$71.1K |
|
12
Bio-Techne
TECH
$11.2B
| $360M | 3.45% |
6,565,588
+11,400
| +0.2% | +$598K |
|
|
13
Guidewire Software
GWRE
$13.9B
| $353M | 3.38% |
3,218,113
-510,511
| -14% | -$57.1M |
|
|
BCPC
14
Balchem Corp
BCPC
$5.26B
| $349M | 3.34% |
3,438,569
-310,334
| -8% | -$31.3M |
|
15
Q2 Holdings
QTWO
$3.78B
| $338M | 3.23% |
4,165,089
-150
| -0% | -$11.5K |
|
|
CSII
16
DELISTED
Cardiovascular Systems, Inc.
CSII
| $285M | 2.73% |
5,868,827
-8,400
| -0.1% | -$382K |
|
|
CMD
17
DELISTED
Cantel Medical Corporation
CMD
| $279M | 2.66% |
3,928,146
+8,668
| +0.2% | +$629K |
|
|
ABMD
18
DELISTED
Abiomed Inc
ABMD
| $278M | 2.66% |
1,629,592
+3,050
| +0.2% | +$565K |
|
19
Blackbaud
BLKB
$1.94B
| $275M | 2.63% |
3,453,453
-182,640
| -5% | -$15.3M |
|
20
Helios Technologies
HLIO
$2.47B
| $265M | 2.54% |
5,742,832
-32,450
| -0.6% | -$1.39M |
|
21
Inogen
INGN
$174M
| $254M | 2.43% |
3,711,837
+8,064
| +0.2% | +$506K |
|
22
Glaukos
GKOS
$9.49B
| $249M | 2.38% |
4,565,966
+722
| +0% | +$43.9K |
|
23
Ironwood Pharmaceuticals
IRWD
$586M
| $238M | 2.28% |
17,901,053
-29,728
| -0.2% | -$328K |
|
24
iRhythm Holdings
IRTC
$4.02B
| $226M | 2.16% |
3,322,664
+7,560
| +0.2% | +$513K |
|
|
25
Alarm.com
ALRM
$2.75B
| $214M | 2.05% |
4,985,703
+254,911
| +5% | +$11.5M |
|
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Brown Capital Management's Q4 2019 Portfolio in Review
As of Q4 2019, Brown Capital Management held 124 positions worth $10.5B, up 1.5% from $10.3B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Brown Capital Management withdrew a net $361M in Q4 2019, closing 4 positions and reducing 84 holdings. Its most notable exit was Medidata Solutions, Inc., an estimated $235M position sold in full.
By sector, the portfolio is most concentrated in Technology at 51% of assets, up from 50% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Brown Capital Management opened a new position in Tandem Diabetes Care worth $54.2M.
- Brown Capital Management's largest Q4 2019 buy was Tandem Diabetes Care: 909,992 shares worth $54.2M.
- Brown Capital Management added most to AppFolio in Q4 2019, an estimated $12.4M increase.
- Brown Capital Management's biggest Q4 2019 reduction was Guidewire Software, cutting an estimated $57.1M.
- Brown Capital Management fully exited Medidata Solutions, Inc. in Q4 2019, selling an estimated $235M.
- Brown Capital Management's ten largest holdings make up 45% of its $10.5B portfolio in Q4 2019.
- Brown Capital Management opened 3 new positions and closed 4 in Q4 2019.
- Brown Capital Management's portfolio value rose 1.5% quarter-over-quarter to $10.5B.
Based on Brown Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.