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BROWN CAPITAL MANAGEMENT LLC

Q4 2025 · Filed 2026-02-17
Market Value
$1.2B
-49.5%
Holdings
57
-29
New Purchases
4
Added To
1
Closed
3
Reduced
49
Top 10 Concentration
46.0%
Turnover
12.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CAMT 9.60% 5.14% +4.46% $114M
GLBE 7.94% 3.63% +4.31% $95M
SHOP 3.35% 2.39% +0.96% $40M
CWAN 2.57% 1.92% +0.65% $31M
ICLR 1.91% 1.26% +0.64% $23M
MELI 2.91% 2.29% +0.61% $35M
LOAR 0.55% 0.00% +0.55% $7M
AXGN 0.96% 0.49% +0.47% $11M
GKOS 3.10% 2.64% +0.46% $37M
VCYT 0.40% 0.00% +0.40% $5M
TEAM 1.04% 0.70% +0.34% $12M
AVPT 0.33% 0.00% +0.33% $4M
PDFS 0.30% 0.00% +0.30% $4M
MAMA 0.53% 0.31% +0.22% $6M
INTA 0.57% 0.37% +0.20% $7M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CYBR 5.71% 8.37% -2.65% $68M
VEEV 3.00% 4.60% -1.60% $36M
DDOG 2.79% 4.30% -1.51% $33M
APPF 2.97% 4.00% -1.03% $35M
GWRE 3.10% 4.04% -0.94% $37M
PAYC 1.95% 2.88% -0.92% $23M
MANH 2.73% 3.65% -0.92% $33M
CGNX 1.93% 2.77% -0.85% $23M
TYL 2.82% 3.60% -0.77% $34M
CORT 0.40% 0.85% -0.44% $5M
ALRM 2.16% 2.54% -0.38% $26M
DUOL 0.74% 1.09% -0.35% $9M
VERX 1.02% 1.37% -0.35% $12M
NCNO 1.59% 1.94% -0.34% $19M
PRO 0.00% 0.32% -0.32% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 5 $912K 0.1%
Large Cap 10 $326M 27.4%
Mid Cap 25 $696M 58.4%
Small Cap 16 $164M 13.8%
Micro Cap 1 $4M 0.3%

Portfolio Analytics

Avg Market Cap
$302.6B
Median Market Cap
$4.5B
Avg P/E
62.7
Median P/E
38.7
Avg Dividend Yield
0.00%
Avg Beta
1.08
# Stocks
57
# ETFs / Funds
0

Top Holdings (57 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CAMT 9.60% 1,075,053 $114M $106.34 -$7M -78,890 -6.8%
2 GLBE 7.94% 2,404,856 $95M $39.31 $9M +15,014 +0.6%
3 CYBR 5.71% 152,539 $68M $446.06 -$129M -255,752 -62.6%
4 RGEN 3.77% 273,972 $45M $163.86 -$45M -394,886 -59.0%
5 XMTR 3.49% 698,666 $42M $59.47 -$46M -913,016 -56.6%
6 SHOP 3.35% 248,101 $40M $160.97 -$16M -131,035 -34.6%
7 GWRE 3.10% 183,624 $37M $201.01 -$58M -230,635 -55.7%
8 GKOS 3.10% 326,579 $37M $112.91 -$25M -436,181 -57.2%
9 VEEV 3.00% 160,187 $36M $223.23 -$73M -203,810 -56.0%
10 APPF 2.97% 152,123 $35M $232.65 -$59M -189,819 -55.5%
11 MELI 2.91% 17,176 $35M $2,014.26 -$19M -5,942 -25.7%
12 TYL 2.82% 74,067 $34M $453.95 -$51M -88,020 -54.3%
13 DDOG 2.79% 244,312 $33M $135.99 -$68M -467,965 -65.7%
14 MANH 2.73% 187,550 $33M $173.31 -$54M -232,073 -55.3%
15 CWAN 2.57% 1,266,310 $31M $24.12 -$15M -1,244,482 -49.6%
16 VCEL 2.52% 831,752 $30M $36.01 -$31M -1,119,237 -57.4%
17 ALRM 2.16% 504,728 $26M $51.02 -$34M -622,398 -55.2%
18 QTWO 2.15% 355,407 $26M $72.16 -$32M -447,790 -55.8%
19 TECH 2.15% 435,641 $26M $58.81 -$32M -600,289 -58.0%
20 AGYS 2.15% 214,986 $26M $118.84 -$25M -266,681 -55.4%
21 PAYC 1.95% 145,948 $23M $159.36 -$45M -180,065 -55.2%
22 CGNX 1.93% 638,019 $23M $35.98 -$42M -805,877 -55.8%
23 ICLR 1.91% 124,638 $23M $182.22 -$7M -45,703 -26.8%
24 NCNO 1.59% 739,559 $19M $25.64 -$27M -944,557 -56.1%
25 UFPT 1.56% 83,672 $19M $222.03 -$15M -84,437 -50.2%
26 WK 1.51% 208,494 $18M $86.25 -$22M -252,866 -54.8%
27 TMDX 1.49% 145,918 $18M $121.65 -$17M -167,937 -53.5%
28 BMI 1.49% 101,519 $18M $174.41 -$20M -108,225 -51.6%
29 TEAM 1.04% 76,015 $12M $162.14 -$4M -26,762 -26.0%
30 VERX 1.02% 610,332 $12M $19.97 -$20M -692,331 -53.1%
31 AXGN 0.96% 349,209 $11M $32.73 -$70K -295,414 -45.8%
32 INSP 0.93% 119,935 $11M $92.23 -$10M -158,105 -56.9%
33 CYRX 0.90% 1,112,771 $11M $9.60 -$14M -1,509,073 -57.6%
34 MNDY 0.88% 71,052 $10M $147.56 -$8M -25,480 -26.4%
35 CTKB 0.88% 2,072,915 $10M $5.05 -$7M -2,885,101 -58.2%
36 ERII 0.87% 764,793 $10M $13.49 -$14M -838,189 -52.3%
37 RDVT 0.84% 175,452 $10M $56.95 -$10M -202,061 -53.5%
38 DV 0.78% 815,446 $9M $11.44 -$12M -1,006,308 -55.2%
39 KIDS 0.77% 514,097 $9M $17.76 -$11M -567,123 -52.5%
40 SPSC 0.76% 101,560 $9M $89.13 -$14M -115,954 -53.3%
41 CHKP 0.75% 47,839 $9M $185.56 -$4M -15,014 -23.9%
42 DUOL 0.74% 49,876 $9M $175.50 -$17M -29,826 -37.4%
43 INTA 0.57% 148,656 $7M $45.82 -$2M -65,059 -30.4%
44 LOAR 0.55% 97,142 $7M $68.00 +97,142 NEW
45 MAMA 0.53% 469,538 $6M $13.49 -$998K -228,089 -32.7%
46 CORT 0.40% 138,191 $5M $34.80 -$15M -101,856 -42.4%
47 VCYT 0.40% 114,157 $5M $42.10 +114,157 NEW
48 AVPT 0.33% 280,223 $4M $13.89 +280,223 NEW
49 RXST 0.31% 357,713 $4M $10.42 -$3M -413,467 -53.6%
50 PDFS 0.30% 125,137 $4M $28.53 +125,137 NEW
51 AAPL 0.02% 952 $259K $271.86 -$206K -873 -47.8%
52 GOOGL 0.02% 744 $233K $313.00 -$152K -839 -53.0%
53 MSFT 0.02% 438 $212K $483.62 -$242K -439 -50.1%
54 AMZN 0.02% 903 $208K $230.82 -$168K -810 -47.3%
55 TNDM —% -$4M -363,352 -100.0% SOLD
56 PRO —% -$7M -324,885 -100.0% SOLD
57 META —% -$303K -412 -100.0% SOLD

New Positions

SymbolValue% Port
LOAR $7M 0.55%
VCYT $5M 0.40%
AVPT $4M 0.33%
PDFS $4M 0.30%

Sold Out Positions

SymbolValue% Port
META —%
TNDM —%
PRO —%
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