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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
+1.22%
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
$1.22B
AUM Growth
-$1.21B
(-50%)
Cap. Flow
-$1.18B
Cap. Flow
% of AUM
-97.19%
Top 10 Holdings %
Top 10 Hldgs %
44.97%
Holding
58
New
4
Increased
1
Reduced
50
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Loar Holdings
LOAR
|
+$7.08M |
| 2 |
Veracyte
VCYT
|
+$4.6M |
| 3 |
AvePoint
AVPT
|
+$3.87M |
| 4 |
PDF Solutions
PDFS
|
+$3.46M |
| 5 |
Global E Online
GLBE
|
+$557K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CYBR
CyberArk
CYBR
|
+$123M |
| 2 |
Datadog
DDOG
|
+$74M |
| 3 |
Repligen
RGEN
|
+$61.8M |
| 4 |
Veeva Systems
VEEV
|
+$54.1M |
| 5 |
Xometry
XMTR
|
+$51.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 56.49% |
| 2 | Healthcare | 23.59% |
| 3 | Consumer Discretionary | 12.94% |
| 4 | Industrials | 5.67% |
| 5 | Communication Services | 0.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Camtek
CAMT
$6.8B
| $114M | 9.38% |
1,075,053
-78,890
| -7% | -$8.86M |
|
|
2
Global E Online
GLBE
$6.44B
| $94.5M | 7.75% |
2,404,856
+15,014
| +0.6% | +$557K |
|
|
CYBR
3
DELISTED
CyberArk
CYBR
| $68M | 5.58% |
152,539
-255,752
| -63% | -$123M |
|
|
4
Repligen
RGEN
$9.46B
| $44.9M | 3.68% |
273,972
-394,886
| -59% | -$61.8M |
|
|
5
Xometry
XMTR
$5.3B
| $41.5M | 3.41% |
698,666
-913,016
| -57% | -$51.5M |
|
6
Shopify
SHOP
$187B
| $39.9M | 3.28% |
248,101
-131,035
| -35% | -$21M |
|
7
Guidewire Software
GWRE
$13.5B
| $36.9M | 3.03% |
183,624
-230,635
| -56% | -$51M |
|
8
Glaukos
GKOS
$10.5B
| $36.9M | 3.02% |
326,579
-436,181
| -57% | -$41.7M |
|
|
9
Veeva Systems
VEEV
$44.5B
| $35.8M | 2.93% |
160,187
-203,810
| -56% | -$54.1M |
|
10
AppFolio
APPF
$7.59B
| $35.4M | 2.9% |
152,123
-189,819
| -56% | -$45.1M |
|
11
Mercado Libre
MELI
$100B
| $34.6M | 2.84% |
17,176
-5,942
| -26% | -$12.5M |
|
12
Tyler Technologies
TYL
$14.9B
| $33.6M | 2.76% |
74,067
-88,020
| -54% | -$41.9M |
|
|
13
Datadog
DDOG
$76.5B
| $33.2M | 2.73% |
244,312
-467,965
| -66% | -$74M |
|
14
Manhattan Associates
MANH
$12.5B
| $32.5M | 2.67% |
187,550
-232,073
| -55% | -$42.4M |
|
|
CWAN
15
DELISTED
Clearwater Analytics
CWAN
| $30.5M | 2.51% |
1,266,310
-1,244,482
| -50% | -$24.9M |
|
16
Vericel Corp
VCEL
$2.06B
| $30M | 2.46% |
831,752
-1,119,237
| -57% | -$41.1M |
|
17
Flutter Entertainment
FLUT
$17.4B
| $28.5M | 2.33% |
132,335
-139,380
| -51% | -$31.3M |
|
18
Alarm.com
ALRM
$2.77B
| $25.8M | 2.11% |
504,728
-622,398
| -55% | -$31.7M |
|
19
Q2 Holdings
QTWO
$3.87B
| $25.6M | 2.1% |
355,407
-447,790
| -56% | -$30.7M |
|
20
Bio-Techne
TECH
$11.4B
| $25.6M | 2.1% |
435,641
-600,289
| -58% | -$36.5M |
|
21
Agilysys
AGYS
$3.14B
| $25.5M | 2.1% |
214,986
-266,681
| -55% | -$32.1M |
|
22
Paycom
PAYC
$10.4B
| $23.3M | 1.91% |
145,948
-180,065
| -55% | -$31.9M |
|
23
Cognex
CGNX
$10.5B
| $23M | 1.88% |
638,019
-805,877
| -56% | -$32.6M |
|
24
Icon
ICLR
$12.7B
| $22.7M | 1.86% |
124,638
-45,703
| -27% | -$8.14M |
|
25
nCino
NCNO
$2.44B
| $19M | 1.56% |
739,559
-944,557
| -56% | -$24M |
|
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Brown Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Brown Capital Management held 58 positions worth $1.22B, down 50% from $2.43B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Brown Capital Management withdrew a net $1.18B in Q4 2025, closing 3 positions and reducing 50 holdings. Its most notable exit was PROS Holdings, an estimated $7.44M position sold in full.
By sector, the portfolio is most concentrated in Technology at 56% of assets, down from 61% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Brown Capital Management opened a new position in Loar Holdings worth $6.61M.
- Brown Capital Management's largest Q4 2025 buy was Loar Holdings: 97,142 shares worth $6.61M.
- Brown Capital Management added most to Global E Online in Q4 2025, an estimated $557K increase.
- Brown Capital Management's biggest Q4 2025 reduction was CyberArk, cutting an estimated $123M.
- Brown Capital Management fully exited PROS Holdings in Q4 2025, selling an estimated $7.44M.
- Brown Capital Management's ten largest holdings make up 45% of its $1.22B portfolio in Q4 2025.
- Brown Capital Management opened 4 new positions and closed 3 in Q4 2025.
- Brown Capital Management's portfolio value fell 50% quarter-over-quarter to $1.22B.
Based on Brown Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.