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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
+12.81%
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
$4.32B
AUM Growth
-$332M
(-7.1%)
Cap. Flow
-$697M
Cap. Flow
% of AUM
-16.16%
Top 10 Holdings %
Top 10 Hldgs %
41.4%
Holding
136
New
3
Increased
19
Reduced
85
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Camtek
CAMT
|
+$84.2M |
| 2 |
SPS Commerce
SPSC
|
+$18.5M |
| 3 |
Duolingo
DUOL
|
+$17.4M |
| 4 |
RxSight
RXST
|
+$13.5M |
| 5 |
UFP Technologies
UFPT
|
+$8.06M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SMAR
Smartsheet Inc.
SMAR
|
+$142M |
| 2 |
Q2 Holdings
QTWO
|
+$54.5M |
| 3 |
Guidewire Software
GWRE
|
+$50.9M |
| 4 |
Manhattan Associates
MANH
|
+$47.2M |
| 5 |
Tyler Technologies
TYL
|
+$41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 60.11% |
| 2 | Healthcare | 26.17% |
| 3 | Industrials | 6.93% |
| 4 | Consumer Discretionary | 5.42% |
| 5 | Communication Services | 1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CYBR
1
DELISTED
CyberArk
CYBR
| $210M | 4.86% |
629,067
-70,561
| -10% | -$21.4M |
|
2
Glaukos
GKOS
$9.02B
| $202M | 4.68% |
1,347,857
-286,734
| -18% | -$39.5M |
|
3
Datadog
DDOG
$87.9B
| $194M | 4.49% |
1,357,006
-293,735
| -18% | -$40.3M |
|
|
4
Manhattan Associates
MANH
$8.97B
| $183M | 4.24% |
677,847
-165,768
| -20% | -$47.2M |
|
5
Vericel Corp
VCEL
$2.3B
| $178M | 4.12% |
3,235,731
-590,327
| -15% | -$29.9M |
|
|
6
Tyler Technologies
TYL
$12.2B
| $176M | 4.08% |
305,554
-67,830
| -18% | -$41M |
|
|
7
Guidewire Software
GWRE
$11.5B
| $174M | 4.04% |
1,034,105
-272,312
| -21% | -$50.9M |
|
8
AppFolio
APPF
$5.85B
| $168M | 3.9% |
682,033
-122,612
| -15% | -$28.7M |
|
9
Veeva Systems
VEEV
$30.3B
| $154M | 3.58% |
734,339
-131,428
| -15% | -$28.9M |
|
10
Xometry
XMTR
$4.77B
| $147M | 3.41% |
3,446,223
-1,025,149
| -23% | -$29M |
|
11
Alarm.com
ALRM
$2.56B
| $145M | 3.37% |
2,392,630
-411,250
| -15% | -$24.5M |
|
|
12
Q2 Holdings
QTWO
$3.42B
| $143M | 3.31% |
1,418,348
-573,235
| -29% | -$54.5M |
|
13
Repligen
RGEN
$7.44B
| $137M | 3.19% |
954,940
-164,639
| -15% | -$23.6M |
|
14
Bio-Techne
TECH
$11.2B
| $133M | 3.08% |
1,847,722
-262,492
| -12% | -$19.3M |
|
|
ANSS
15
DELISTED
Ansys
ANSS
| $130M | 3.02% |
385,738
-73,226
| -16% | -$24.6M |
|
16
Paycom
PAYC
$6.78B
| $122M | 2.83% |
596,439
-146,589
| -20% | -$29.9M |
|
17
Global E Online
GLBE
$6.08B
| $100M | 2.32% |
1,838,882
-8,178
| -0.4% | -$370K |
|
18
Cognex
CGNX
$10.3B
| $94.8M | 2.2% |
2,644,924
-490,471
| -16% | -$19.2M |
|
|
19
Camtek
CAMT
$6.9B
| $86.5M | 2.01% |
+1,071,348
| New | +$84.2M |
|
20
Workiva
WK
$2.94B
| $84.5M | 1.96% |
771,962
-141,764
| -16% | -$13.1M |
|
21
Agilysys
AGYS
$2.78B
| $81.5M | 1.89% |
618,956
-64,705
| -9% | -$7.92M |
|
22
nCino
NCNO
$1.81B
| $78.9M | 1.83% |
2,349,050
-81,991
| -3% | -$3.05M |
|
|
ENFN
23
DELISTED
Enfusion, Inc.
ENFN
| $73.6M | 1.71% |
7,147,530
-61,066
| -0.8% | -$590K |
|
24
Flutter Entertainment
FLUT
$17.6B
| $70.2M | 1.63% |
271,646
+1,863
| +0.7% | +$470K |
|
25
Helios Technologies
HLIO
$2.64B
| $68.3M | 1.58% |
1,530,748
-282,656
| -16% | -$14M |
|
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Brown Capital Management's Q4 2024 Portfolio in Review
As of Q4 2024, Brown Capital Management held 136 positions worth $4.32B, down 7.1% from $4.65B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Brown Capital Management withdrew a net $697M in Q4 2024, closing 18 positions and reducing 85 holdings. Its most notable exit was Equifax, an estimated $1.37M position sold in full.
By sector, the portfolio is most concentrated in Technology at 60% of assets, down from 60% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Brown Capital Management opened a new position in Camtek worth $86.5M.
- Brown Capital Management's largest Q4 2024 buy was Camtek: 1,071,348 shares worth $86.5M.
- Brown Capital Management added most to RxSight in Q4 2024, an estimated $13.5M increase.
- Brown Capital Management's biggest Q4 2024 reduction was Smartsheet Inc., cutting an estimated $142M.
- Brown Capital Management fully exited Equifax in Q4 2024, selling an estimated $1.37M.
- Brown Capital Management's ten largest holdings make up 41% of its $4.32B portfolio in Q4 2024.
- Brown Capital Management opened 3 new positions and closed 18 in Q4 2024.
- Brown Capital Management's portfolio value fell 7.1% quarter-over-quarter to $4.32B.
Based on Brown Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.