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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
-11.77%
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
$704M
AUM Growth
-$515M
(-42%)
Cap. Flow
-$360M
Cap. Flow
% of AUM
-51.09%
Top 10 Holdings %
Top 10 Hldgs %
46.73%
Holding
60
New
5
Increased
2
Reduced
47
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cellebrite
CLBT
|
+$40.7M |
| 2 |
Atlassian
TEAM
|
+$5.4M |
| 3 |
Icon
ICLR
|
+$4.56M |
| 4 |
XPEL
XPEL
|
+$2.47M |
| 5 |
Krystal Biotech
KRYS
|
+$2.46M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Camtek
CAMT
|
+$69M |
| 2 |
CYBR
CyberArk
CYBR
|
+$68M |
| 3 |
Global E Online
GLBE
|
+$35.4M |
| 4 |
CWAN
Clearwater Analytics
CWAN
|
+$16.8M |
| 5 |
Xometry
XMTR
|
+$14.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 57.35% |
| 2 | Healthcare | 24.77% |
| 3 | Consumer Discretionary | 11.54% |
| 4 | Industrials | 4.73% |
| 5 | Communication Services | 0.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Camtek
CAMT
$7.07B
| $94M | 13.35% |
620,098
-454,955
| -42% | -$69M |
|
|
2
Global E Online
GLBE
$6.34B
| $43.2M | 6.13% |
1,398,886
-1,005,970
| -42% | -$35.4M |
|
|
3
Cellebrite
CLBT
$3.65B
| $37.2M | 5.29% |
+2,702,379
| New | +$40.7M |
|
4
Glaukos
GKOS
$8.92B
| $24.8M | 3.52% |
230,028
-96,551
| -30% | -$10.9M |
|
5
Mercado Libre
MELI
$92.3B
| $24.5M | 3.48% |
14,156
-3,020
| -18% | -$5.83M |
|
6
Shopify
SHOP
$165B
| $23.9M | 3.4% |
201,723
-46,378
| -19% | -$6.09M |
|
7
Datadog
DDOG
$89.7B
| $20.8M | 2.96% |
176,510
-67,802
| -28% | -$8.37M |
|
8
Cognex
CGNX
$10.2B
| $20.3M | 2.89% |
414,638
-223,381
| -35% | -$10.4M |
|
9
Veeva Systems
VEEV
$31.6B
| $20.2M | 2.87% |
114,935
-45,252
| -28% | -$8.89M |
|
10
Repligen
RGEN
$7.39B
| $20M | 2.85% |
169,996
-103,976
| -38% | -$14.5M |
|
11
Guidewire Software
GWRE
$12.4B
| $19.6M | 2.78% |
130,955
-52,669
| -29% | -$8.01M |
|
12
Vericel Corp
VCEL
$2.31B
| $19.1M | 2.71% |
592,494
-239,258
| -29% | -$8.5M |
|
13
Tyler Technologies
TYL
$13B
| $18.1M | 2.57% |
52,926
-21,141
| -29% | -$7.87M |
|
14
Manhattan Associates
MANH
$9.42B
| $17.8M | 2.53% |
134,011
-53,539
| -29% | -$8.02M |
|
|
15
Icon
ICLR
$13B
| $17.5M | 2.48% |
158,018
+33,380
| +27% | +$4.56M |
|
|
16
Xometry
XMTR
$4.75B
| $17.2M | 2.44% |
421,097
-277,569
| -40% | -$14.7M |
|
17
AppFolio
APPF
$5.98B
| $17.1M | 2.42% |
108,134
-43,989
| -29% | -$8.33M |
|
18
Bio-Techne
TECH
$11.2B
| $16.2M | 2.3% |
309,561
-126,080
| -29% | -$7.57M |
|
19
Alarm.com
ALRM
$2.65B
| $15.5M | 2.2% |
359,177
-145,551
| -29% | -$6.95M |
|
|
CWAN
20
DELISTED
Clearwater Analytics
CWAN
| $13.1M | 1.87% |
555,511
-710,799
| -56% | -$16.8M |
|
21
Paycom
PAYC
$7.05B
| $12.7M | 1.8% |
104,486
-41,462
| -28% | -$5.55M |
|
22
Q2 Holdings
QTWO
$3.64B
| $12M | 1.7% |
252,699
-102,708
| -29% | -$5.79M |
|
23
UFP Technologies
UFPT
$1.92B
| $11.4M | 1.62% |
58,807
-24,865
| -30% | -$5.76M |
|
24
Flutter Entertainment
FLUT
$18.4B
| $11.3M | 1.61% |
111,273
-21,062
| -16% | -$3.04M |
|
25
Badger Meter
BMI
$3.71B
| $11M | 1.56% |
72,119
-29,400
| -29% | -$4.61M |
|
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Brown Capital Management's Q1 2026 Portfolio in Review
As of Q1 2026, Brown Capital Management held 60 positions worth $704M, down 42% from $1.22B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Brown Capital Management withdrew a net $360M in Q1 2026, closing 4 positions and reducing 47 holdings. Its most notable exit was CyberArk, an estimated $68M position sold in full.
By sector, the portfolio is most concentrated in Technology at 57% of assets, up from 56% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Brown Capital Management opened a new position in Cellebrite worth $37.2M.
- Brown Capital Management's largest Q1 2026 buy was Cellebrite: 2,702,379 shares worth $37.2M.
- Brown Capital Management added most to Atlassian in Q1 2026, an estimated $5.4M increase.
- Brown Capital Management's biggest Q1 2026 reduction was Camtek, cutting an estimated $69M.
- Brown Capital Management fully exited CyberArk in Q1 2026, selling an estimated $68M.
- Brown Capital Management's ten largest holdings make up 47% of its $704M portfolio in Q1 2026.
- Brown Capital Management opened 5 new positions and closed 4 in Q1 2026.
- Brown Capital Management's portfolio value fell 42% quarter-over-quarter to $704M.
Based on Brown Capital Management's 13F filing for Q1 2026, filed 14 May 2026.