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BROWN CAPITAL MANAGEMENT LLC

Q3 2025 · Filed 2025-11-04
Market Value
$2.4B
-28.6%
Holdings
86
-19
New Purchases
6
Added To
3
Closed
33
Reduced
44
Top 10 Concentration
45.2%
Turnover
45.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CAMT 5.14% 2.92% +2.22% $121M
GLBE 3.63% 2.21% +1.42% $85M
DUOL 1.09% 0.00% +1.09% $26M
CYBR 8.37% 7.33% +1.04% $197M
SHOP 2.39% 1.45% +0.94% $56M
CORT 0.85% 0.00% +0.85% $20M
RDVT 0.84% 0.00% +0.84% $20M
XMTR 3.72% 3.01% +0.71% $88M
CGNX 2.77% 2.18% +0.60% $65M
AXGN 0.49% 0.00% +0.49% $12M
ICLR 1.26% 0.79% +0.47% $30M
BMI 1.59% 1.21% +0.38% $37M
INTA 0.37% 0.00% +0.37% $9M
MELI 2.29% 1.93% +0.36% $54M
MAMA 0.31% 0.00% +0.31% $7M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ANSS 0.00% 3.02% -3.02% $0
OLO 0.00% 1.77% -1.77% $0
VCEL 2.60% 3.62% -1.02% $61M
GKOS 2.64% 3.56% -0.92% $62M
QTWO 2.47% 3.27% -0.80% $58M
TYL 3.60% 4.30% -0.70% $85M
GWRE 4.04% 4.63% -0.59% $95M
INSP 0.88% 1.44% -0.57% $21M
PAYC 2.88% 3.33% -0.45% $68M
ALRM 2.54% 2.92% -0.38% $60M
TMDX 1.49% 1.83% -0.34% $35M
DDOG 4.30% 4.61% -0.31% $101M
VEEV 4.60% 4.85% -0.26% $108M
MANH 3.65% 3.88% -0.23% $86M
CWAN 1.92% 2.12% -0.21% $45M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 14 $2M 0.1%
Large Cap 32 $792M 33.6%
Mid Cap 23 $1.2B 51.6%
Small Cap 16 $340M 14.4%
Micro Cap 1 $7M 0.3%

Portfolio Analytics

Avg Market Cap
$313.3B
Median Market Cap
$11.5B
Avg P/E
47.1
Median P/E
29.4
Avg Dividend Yield
0.01%
Avg Beta
1.03
# Stocks
86
# ETFs / Funds
0

Top Holdings (86 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CYBR 8.37% 408,291 $197M $483.15 -$45M -186,597 -31.4%
2 CAMT 5.14% 1,153,943 $121M $105.05 $25M +13,806 +1.2%
3 VEEV 4.60% 363,997 $108M $297.91 -$52M -192,855 -34.6%
4 DDOG 4.30% 712,277 $101M $142.40 -$51M -421,051 -37.1%
5 GWRE 4.04% 414,259 $95M $229.86 -$58M -234,852 -36.2%
6 APPF 4.00% 341,942 $94M $275.66 -$39M -236,803 -40.9%
7 RGEN 3.79% 668,858 $89M $133.67 -$36M -336,418 -33.5%
8 XMTR 3.72% 1,611,682 $88M $54.47 -$12M -1,331,911 -45.2%
9 MANH 3.65% 419,623 $86M $204.98 -$42M -228,609 -35.3%
10 GLBE 3.63% 2,389,842 $85M $35.76 $13M +216,304 +9.9%
11 TYL 3.60% 162,087 $85M $523.16 -$57M -77,303 -32.3%
12 PAYC 2.88% 326,013 $68M $208.14 -$42M -148,642 -31.3%
13 CGNX 2.77% 1,443,896 $65M $45.30 -$6M -821,869 -36.3%
14 GKOS 2.64% 762,760 $62M $81.55 -$55M -376,359 -33.0%
15 VCEL 2.60% 1,950,989 $61M $31.47 -$58M -861,020 -30.6%
16 ALRM 2.54% 1,127,126 $60M $53.08 -$37M -576,431 -33.8%
17 QTWO 2.47% 803,197 $58M $72.39 -$50M -350,451 -30.4%
18 TECH 2.44% 1,035,930 $58M $55.63 -$23M -537,673 -34.2%
19 SHOP 2.39% 379,136 $56M $148.61 $8M -36,640 -8.8%
20 MELI 2.29% 23,118 $54M $2,336.94 -$10M -1,244 -5.1%
21 AGYS 2.15% 481,667 $51M $105.25 -$23M -163,516 -25.3%
22 NCNO 1.94% 1,684,116 $46M $27.11 -$12M -375,759 -18.2%
23 CWAN 1.92% 2,510,792 $45M $18.02 -$25M -688,904 -21.5%
24 WK 1.68% 461,360 $40M $86.08 -$8M -240,647 -34.3%
25 BMI 1.59% 209,744 $37M $178.58 -$3M +46,066 +28.1%
26 TMDX 1.49% 313,855 $35M $112.20 -$25M -137,516 -30.5%
27 UFPT 1.42% 168,109 $34M $199.60 -$8M -2,702 -1.6%
28 VERX 1.37% 1,302,663 $32M $24.79 -$18M -125,731 -8.8%
29 ICLR 1.26% 170,341 $30M $175.00 $4M -9,182 -5.1%
30 DUOL 1.09% 79,702 $26M $321.84 +79,702 NEW
31 CYRX 1.05% 2,621,844 $25M $9.48 -$3M -1,177,118 -31.0%
32 ERII 1.05% 1,602,982 $25M $15.42 -$7M -876,312 -35.4%
33 SPSC 0.96% 217,514 $23M $104.14 -$13M -43,781 -16.8%
34 DV 0.93% 1,821,754 $22M $11.98 -$10M -305,583 -14.4%
35 INSP 0.88% 278,040 $21M $74.20 -$27M -89,401 -24.3%
36 KIDS 0.85% 1,081,220 $20M $18.53 -$13M -475,484 -30.5%
37 CORT 0.85% 240,047 $20M $83.11 +240,047 NEW
38 RDVT 0.84% 377,513 $20M $52.25 +377,513 NEW
39 MNDY 0.79% 96,532 $19M $193.69 -$13M -5,484 -5.4%
40 CTKB 0.73% 4,958,016 $17M $3.47 -$7M -2,151,979 -30.3%
41 TEAM 0.70% 102,777 $16M $159.70 -$6M -5,980 -5.5%
42 CHKP 0.55% 62,853 $13M $206.91 -$2M -3,348 -5.1%
43 AXGN 0.49% 644,623 $12M $17.84 +644,623 NEW
44 INTA 0.37% 213,715 $9M $40.90 +213,715 NEW
45 PRO 0.32% 324,885 $7M $22.91 -$817K -202,600 -38.4%
46 MAMA 0.31% 697,627 $7M $10.51 +697,627 NEW
47 RXST 0.29% 771,180 $7M $8.99 -$8M -348,060 -31.1%
48 TNDM 0.19% 363,352 $4M $12.14 -$6M -187,855 -34.1%
49 AAPL 0.02% 1,825 $465K $254.63 -$2M -9,692 -84.2%
50 MSFT 0.02% 877 $454K $517.95 -$2M -3,376 -79.4%
51 GOOGL 0.02% 1,583 $385K $243.10 -$2M -9,777 -86.1%
52 AMZN 0.02% 1,713 $376K $219.57 -$1M -5,216 -75.3%
53 META 0.01% 412 $303K $734.38 -$1M -1,768 -81.1%
54 PG —% -$218K -1,370 -100.0% SOLD
55 APD —% -$204K -722 -100.0% SOLD
56 TXN —% -$204K -982 -100.0% SOLD
57 OLO —% -$58M -6,560,632 -100.0% SOLD
58 TROW —% -$392K -4,064 -100.0% SOLD
59 PWR —% -$502K -1,328 -100.0% SOLD
60 PODD —% -$363K -1,156 -100.0% SOLD
61 SYY —% -$229K -3,027 -100.0% SOLD
62 MCD —% -$230K -787 -100.0% SOLD
63 FI —% -$401K -2,327 -100.0% SOLD
64 TJX —% -$237K -1,922 -100.0% SOLD
65 MA —% -$994K -1,768 -100.0% SOLD
66 NVDA —% -$963K -6,095 -100.0% SOLD
67 JPM —% -$672K -2,319 -100.0% SOLD
68 WEC —% -$269K -2,582 -100.0% SOLD
69 SNA —% -$209K -671 -100.0% SOLD
70 MTB —% -$254K -1,308 -100.0% SOLD
71 DRI —% -$303K -1,391 -100.0% SOLD
72 SBUX —% -$312K -3,404 -100.0% SOLD
73 ADSK —% -$287K -926 -100.0% SOLD
74 ORCL —% -$404K -1,850 -100.0% SOLD
75 PAYX —% -$252K -1,735 -100.0% SOLD
76 CMG —% -$468K -8,340 -100.0% SOLD
77 HD —% -$511K -1,395 -100.0% SOLD
78 ECL —% -$384K -1,424 -100.0% SOLD
79 HUBS —% -$442K -794 -100.0% SOLD
80 PEP —% -$243K -1,840 -100.0% SOLD
81 HRB —% -$215K -3,915 -100.0% SOLD
82 CRM —% -$234K -857 -100.0% SOLD
83 ANSS —% -$100M -284,257 -100.0% SOLD
84 ADBE —% -$307K -793 -100.0% SOLD
85 ADP —% -$353K -1,143 -100.0% SOLD
86 FAST —% -$415K -9,874 -100.0% SOLD

New Positions

SymbolValue% Port
DUOL $26M 1.09%
CORT $20M 0.85%
RDVT $20M 0.84%
AXGN $12M 0.49%
INTA $9M 0.37%
MAMA $7M 0.31%

Sold Out Positions

SymbolValue% Port
HRB —%
CMG —%
APD —%
HUBS —%
HD —%
ECL —%
CRM —%
DRI —%
MTB —%
WEC —%
TJX —%
JPM —%
PG —%
PWR —%
MA —%
View SEC EDGAR Filings for BROWN CAPITAL MANAGEMENT LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms