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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
-12.42%
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
$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
| 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
| 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
| 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 | |
|---|---|---|---|---|---|---|
|
CYBR
1
DELISTED
CyberArk
CYBR
| $201M | 6.07% |
595,620
-33,447
| -5% | -$12M |
|
2
Veeva Systems
VEEV
$32.1B
| $151M | 4.56% |
653,685
-80,654
| -11% | -$18.4M |
|
|
3
Tyler Technologies
TYL
$13B
| $149M | 4.49% |
256,486
-49,068
| -16% | -$29.1M |
|
|
4
Guidewire Software
GWRE
$12.4B
| $144M | 4.34% |
769,378
-264,727
| -26% | -$51.5M |
|
5
AppFolio
APPF
$6.42B
| $135M | 4.06% |
611,829
-70,204
| -10% | -$16.1M |
|
6
Vericel Corp
VCEL
$2.44B
| $129M | 3.88% |
2,882,147
-353,584
| -11% | -$19M |
|
7
Datadog
DDOG
$93.4B
| $121M | 3.64% |
1,216,492
-140,514
| -10% | -$17.7M |
|
8
Glaukos
GKOS
$9.13B
| $117M | 3.54% |
1,192,589
-155,268
| -12% | -$20.7M |
|
9
Manhattan Associates
MANH
$9.65B
| $117M | 3.53% |
677,375
-472
| -0.1% | -$98.3K |
|
10
Paycom
PAYC
$7.02B
| $110M | 3.32% |
504,175
-92,264
| -15% | -$19.5M |
|
11
Repligen
RGEN
$8.38B
| $110M | 3.31% |
864,035
-90,905
| -10% | -$14M |
|
|
ANSS
12
DELISTED
Ansys
ANSS
| $107M | 3.22% |
337,537
-48,201
| -12% | -$16.2M |
|
|
13
Alarm.com
ALRM
$2.68B
| $100M | 3.01% |
1,796,158
-596,472
| -25% | -$35.8M |
|
14
Q2 Holdings
QTWO
$3.48B
| $99.8M | 3.01% |
1,247,471
-170,877
| -12% | -$15.1M |
|
15
Bio-Techne
TECH
$11.2B
| $97.8M | 2.95% |
1,668,428
-179,294
| -10% | -$12.2M |
|
16
Xometry
XMTR
$5.33B
| $77.6M | 2.34% |
3,113,382
-332,841
| -10% | -$10.5M |
|
|
17
Global E Online
GLBE
$6.44B
| $76.3M | 2.3% |
2,139,077
+300,195
| +16% | +$14.7M |
|
18
Cognex
CGNX
$10.6B
| $71.4M | 2.15% |
2,392,756
-252,168
| -10% | -$8.88M |
|
19
Camtek
CAMT
$6.9B
| $64.6M | 1.95% |
1,101,652
+30,304
| +3% | +$2.44M |
|
20
Flutter Entertainment
FLUT
$18.8B
| $61.8M | 1.86% |
279,101
+7,455
| +3% | +$1.93M |
|
21
nCino
NCNO
$1.99B
| $59.9M | 1.81% |
2,180,399
-168,651
| -7% | -$5.33M |
|
|
ENFN
22
DELISTED
Enfusion, Inc.
ENFN
| $57.3M | 1.73% |
5,143,042
-2,004,488
| -28% | -$22.2M |
|
23
Inspire Medical Systems
INSP
$1.49B
| $56.1M | 1.69% |
352,340
+47,560
| +16% | +$8.6M |
|
|
CWAN
24
DELISTED
Clearwater Analytics
CWAN
| $55.5M | 1.67% |
2,072,731
-137,734
| -6% | -$3.87M |
|
25
Workiva
WK
$3.2B
| $52.8M | 1.59% |
695,479
-76,483
| -10% | -$7.22M |
|
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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.