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BCM
Brown Capital Management Portfolio holdings
AUM
$704M
1-Year Est. Return
6.25%
This Fund
S&P 500
This Quarter
Est. Return
+2.52%
1 Year Est. Return
+6.25%
3 Year Est. Return
+49.54%
5 Year Est. Return
+24.52%
10 Year Est. Return
+478.32%
AUM
$12.2B
AUM Growth
-$983M
(-7.4%)
Cap. Flow
-$812M
Cap. Flow
% of AUM
-6.65%
Top 10 Holdings %
Top 10 Hldgs %
46.86%
Holding
128
New
6
Increased
20
Reduced
81
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
nCino
NCNO
|
+$71.3M |
| 2 |
DCT
Duck Creek Technologies, Inc. Common Stock
DCT
|
+$70.4M |
| 3 |
Vericel Corp
VCEL
|
+$45.6M |
| 4 |
Inogen
INGN
|
+$25.5M |
| 5 |
CryoPort
CYRX
|
+$18.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Glaukos
GKOS
|
+$145M |
| 2 |
Paycom
PAYC
|
+$127M |
| 3 |
Manhattan Associates
MANH
|
+$74.9M |
| 4 |
Cognex
CGNX
|
+$71.1M |
| 5 |
Tyler Technologies
TYL
|
+$70.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 58.7% |
| 2 | Healthcare | 34.38% |
| 3 | Industrials | 3.81% |
| 4 | Materials | 0.75% |
| 5 | Consumer Discretionary | 0.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Paycom
PAYC
$6.78B
| $693M | 5.67% |
1,397,200
-285,397
| -17% | -$127M |
|
2
Datadog
DDOG
$87.9B
| $636M | 5.21% |
4,500,364
-392,640
| -8% | -$49.6M |
|
|
3
Tyler Technologies
TYL
$12.2B
| $611M | 5% |
1,332,245
-147,415
| -10% | -$70.4M |
|
|
4
Manhattan Associates
MANH
$8.97B
| $607M | 4.97% |
3,968,550
-480,621
| -11% | -$74.9M |
|
|
5
Cognex
CGNX
$10.3B
| $599M | 4.9% |
7,464,190
-825,805
| -10% | -$71.1M |
|
6
Veeva Systems
VEEV
$30.3B
| $598M | 4.9% |
2,074,716
-148,008
| -7% | -$47M |
|
7
Neogen
NEOG
$2.05B
| $523M | 4.28% |
12,047,203
-322,009
| -3% | -$14M |
|
|
SMAR
8
DELISTED
Smartsheet Inc.
SMAR
| $504M | 4.13% |
7,324,966
-146,654
| -2% | -$10.8M |
|
9
Bio-Techne
TECH
$11.2B
| $485M | 3.97% |
4,006,440
-329,048
| -8% | -$40M |
|
|
ABMD
10
DELISTED
Abiomed Inc
ABMD
| $466M | 3.81% |
1,430,504
-110,968
| -7% | -$37.6M |
|
11
Alarm.com
ALRM
$2.56B
| $442M | 3.62% |
5,656,574
-275,074
| -5% | -$22.7M |
|
|
ANSS
12
DELISTED
Ansys
ANSS
| $427M | 3.5% |
1,254,994
-55,732
| -4% | -$20.1M |
|
13
AppFolio
APPF
$5.85B
| $398M | 3.26% |
3,307,273
-88,371
| -3% | -$11.5M |
|
14
Q2 Holdings
QTWO
$3.42B
| $398M | 3.26% |
4,965,627
+4,139
| +0.1% | +$379K |
|
15
QuidelOrtho
QDEL
$1.09B
| $376M | 3.08% |
2,666,553
+21,944
| +0.8% | +$2.95M |
|
16
Guidewire Software
GWRE
$11.5B
| $344M | 2.82% |
2,893,263
-130,183
| -4% | -$15M |
|
17
Repligen
RGEN
$7.44B
| $294M | 2.41% |
1,017,477
+1,868
| +0.2% | +$479K |
|
|
PLAN
18
DELISTED
Anaplan, Inc.
PLAN
| $286M | 2.34% |
4,693,452
-25,158
| -0.5% | -$1.5M |
|
|
19
Vericel Corp
VCEL
$2.3B
| $267M | 2.19% |
5,471,016
+881,197
| +19% | +$45.6M |
|
20
Ironwood Pharmaceuticals
IRWD
$611M
| $222M | 1.82% |
17,004,395
-1,480,364
| -8% | -$19.1M |
|
21
Helios Technologies
HLIO
$2.64B
| $220M | 1.8% |
2,683,880
+3,736
| +0.1% | +$305K |
|
|
VCRA
22
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $212M | 1.73% |
4,629,771
-176,988
| -4% | -$7.9M |
|
|
CSII
23
DELISTED
Cardiovascular Systems, Inc.
CSII
| $195M | 1.6% |
5,936,074
-71,045
| -1% | -$2.65M |
|
|
PRO
24
DELISTED
PROS Holdings
PRO
| $193M | 1.58% |
5,426,322
-970,915
| -15% | -$40.8M |
|
25
10x Genomics
TXG
$5.87B
| $184M | 1.5% |
1,261,171
+32,486
| +3% | +$5.58M |
|
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Brown Capital Management's Q3 2021 Portfolio in Review
As of Q3 2021, Brown Capital Management held 128 positions worth $12.2B, down 7.4% from $13.2B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Brown Capital Management withdrew a net $812M in Q3 2021, closing 1 position and reducing 81 holdings. Its most notable exit was ACI Worldwide, an estimated $30.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 59% of assets, up from 57% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Brown Capital Management opened a new position in nCino worth $76M.
- Brown Capital Management's largest Q3 2021 buy was nCino: 1,069,881 shares worth $76M.
- Brown Capital Management added most to Vericel Corp in Q3 2021, an estimated $45.6M increase.
- Brown Capital Management's biggest Q3 2021 reduction was Glaukos, cutting an estimated $145M.
- Brown Capital Management fully exited ACI Worldwide in Q3 2021, selling an estimated $30.5M.
- Brown Capital Management's ten largest holdings make up 47% of its $12.2B portfolio in Q3 2021.
- Brown Capital Management opened 6 new positions and closed 1 in Q3 2021.
- Brown Capital Management's portfolio value fell 7.4% quarter-over-quarter to $12.2B.
Based on Brown Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.