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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
+14.67%
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
$3.44B
AUM Growth
+$120M
(+3.6%)
Cap. Flow
-$228M
Cap. Flow
% of AUM
-6.64%
Top 10 Holdings %
Top 10 Hldgs %
42.84%
Holding
106
New
1
Increased
13
Reduced
69
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vertex
VERX
|
+$29.1M |
| 2 |
CWAN
Clearwater Analytics
CWAN
|
+$25.9M |
| 3 |
Repligen
RGEN
|
+$18M |
| 4 |
Badger Meter
BMI
|
+$5.05M |
| 5 |
Red Violet
RDVT
|
+$4.88M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ENFN
Enfusion, Inc.
ENFN
|
+$57.3M |
| 2 |
Helios Technologies
HLIO
|
+$37.7M |
| 3 |
Vicor
VICR
|
+$34.5M |
| 4 |
Guidewire Software
GWRE
|
+$25.8M |
| 5 |
Veeva Systems
VEEV
|
+$24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 62.7% |
| 2 | Healthcare | 25.08% |
| 3 | Consumer Discretionary | 6.4% |
| 4 | Industrials | 4.67% |
| 5 | Communication Services | 1.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CYBR
1
DELISTED
CyberArk
CYBR
| $242M | 7.04% |
594,888
-732
| -0.1% | -$267K |
|
|
2
Veeva Systems
VEEV
$30.3B
| $160M | 4.66% |
556,852
-96,833
| -15% | -$24M |
|
|
3
Guidewire Software
GWRE
$11.5B
| $153M | 4.45% |
649,111
-120,267
| -16% | -$25.8M |
|
4
Datadog
DDOG
$87.9B
| $152M | 4.43% |
1,133,328
-83,164
| -7% | -$9.21M |
|
5
Tyler Technologies
TYL
$12.2B
| $142M | 4.13% |
239,390
-17,096
| -7% | -$9.68M |
|
6
AppFolio
APPF
$5.85B
| $133M | 3.88% |
578,745
-33,084
| -5% | -$7.21M |
|
7
Manhattan Associates
MANH
$8.97B
| $128M | 3.72% |
648,232
-29,143
| -4% | -$5.29M |
|
|
8
Repligen
RGEN
$7.44B
| $125M | 3.64% |
1,005,276
+141,241
| +16% | +$18M |
|
9
Vericel Corp
VCEL
$2.3B
| $120M | 3.48% |
2,812,009
-70,138
| -2% | -$2.92M |
|
10
Glaukos
GKOS
$9.02B
| $118M | 3.42% |
1,139,119
-53,470
| -4% | -$5.02M |
|
11
Paycom
PAYC
$6.78B
| $110M | 3.19% |
474,655
-29,520
| -6% | -$7M |
|
12
Q2 Holdings
QTWO
$3.42B
| $108M | 3.14% |
1,153,648
-93,823
| -8% | -$7.92M |
|
|
ANSS
13
DELISTED
Ansys
ANSS
| $99.8M | 2.9% |
284,257
-53,280
| -16% | -$17.5M |
|
14
Xometry
XMTR
$4.77B
| $99.5M | 2.89% |
2,943,593
-169,789
| -5% | -$4.98M |
|
15
Camtek
CAMT
$6.9B
| $96.4M | 2.8% |
1,140,137
+38,485
| +3% | +$2.6M |
|
16
Alarm.com
ALRM
$2.56B
| $96.4M | 2.8% |
1,703,557
-92,601
| -5% | -$5.14M |
|
17
Bio-Techne
TECH
$11.2B
| $81M | 2.35% |
1,573,603
-94,825
| -6% | -$4.76M |
|
18
Flutter Entertainment
FLUT
$17.6B
| $79.5M | 2.31% |
278,374
-727
| -0.3% | -$178K |
|
19
Agilysys
AGYS
$2.78B
| $74M | 2.15% |
645,183
+1,854
| +0.3% | +$167K |
|
20
Global E Online
GLBE
$6.08B
| $72.9M | 2.12% |
2,173,538
+34,461
| +2% | +$1.16M |
|
21
Cognex
CGNX
$10.3B
| $71.9M | 2.09% |
2,265,765
-126,991
| -5% | -$3.64M |
|
|
CWAN
22
DELISTED
Clearwater Analytics
CWAN
| $70.2M | 2.04% |
3,199,696
+1,126,965
| +54% | +$25.9M |
|
23
Mercado Libre
MELI
$91.3B
| $63.7M | 1.85% |
24,362
-2,451
| -9% | -$5.72M |
|
24
Transmedics
TMDX
$2.5B
| $60.5M | 1.76% |
451,371
-16,752
| -4% | -$1.84M |
|
|
OLO
25
DELISTED
Olo Inc
OLO
| $58.4M | 1.7% |
6,560,632
-445,709
| -6% | -$3.46M |
|
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Brown Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Brown Capital Management held 106 positions worth $3.44B, up 3.6% from $3.32B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Brown Capital Management withdrew a net $228M in Q2 2025, closing 23 positions and reducing 69 holdings. Its most notable exit was Enfusion, Inc., an estimated $57.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 63% of assets, up from 61% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Brown Capital Management opened a new position in Texas Instruments worth $204K.
- Brown Capital Management's largest Q2 2025 buy was Texas Instruments: 982 shares worth $204K.
- Brown Capital Management added most to Vertex in Q2 2025, an estimated $29.1M increase.
- Brown Capital Management's biggest Q2 2025 reduction was Guidewire Software, cutting an estimated $25.8M.
- Brown Capital Management fully exited Enfusion, Inc. in Q2 2025, selling an estimated $57.3M.
- Brown Capital Management's ten largest holdings make up 43% of its $3.44B portfolio in Q2 2025.
- Brown Capital Management opened 1 new position and closed 23 in Q2 2025.
- Brown Capital Management's portfolio value rose 3.6% quarter-over-quarter to $3.44B.
Based on Brown Capital Management's 13F filing for Q2 2025, filed 13 Aug 2025.