SEC 13F Intelligence

Managers / Q1 2025 · view latest →

BROWN CAPITAL MANAGEMENT LLC

CIK 0000885062 · 1201 N CALVERT ST, BALTIMORE, MD, 21201 · 4108373234

Reported Value
$3.3B
Q1 2025
Positions
105
Filings on Record
31
2019–present window
Filed
May 15, 2025
original filing

Summary

Brown Capital Management LLC reported $3.3B in U.S.-listed holdings across 105 positions for Q1 2025.

Its largest position, Cyberark Software, represents 6.1% of the portfolio.

Compared with Q4 2024, the fund opened 5 new positions and exited 18.

Portfolio Metrics

Turnover
+3.5%
vs prior filed quarter
Top-10 Concentration
+41.4%
share of reported value
Largest Position
+6.1%
Cyberark Software
New / Exited
5 / 18
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $8.3BQ4 ’18Q1 ’19: $9.9BQ2 ’19: $10.5BQ3 ’19: $10.3BQ4 ’19: $10.5BQ4 ’19Q1 ’20: $8.6BQ2 ’20: $11.6BQ3 ’20: $12.1BQ4 ’20: $14.5BQ4 ’20Q1 ’21: $13.4BQ2 ’21: $13.2BQ3 ’21: $12.2BQ4 ’21: $12.1BQ4 ’21Q1 ’22: $10.0BQ2 ’22: $7.5BQ3 ’22: $7.1BQ4 ’22: $6.0BQ4 ’22Q1 ’23: $6.7BQ2 ’23: $7.0BQ3 ’23: $6.5BQ4 ’23: $6.7BQ4 ’23Q1 ’24: $5.7BQ2 ’24: $4.9BQ3 ’24: $4.6BQ4 ’24: $4.3BQ4 ’24Q1 ’25: $3.3BQ2 ’25: $3.4BQ3 ’25: $2.4BQ4 ’25: $1.2BQ4 ’25Q1 ’26: $704Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 82.2%Other: 17.8%
  • Common Stock · 82.2% · $2.7B
  • Other · 17.8% · $589M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TMDXTRANSMEDICS GROUP INCNEW+468.1K468.1K+$31M$31M
BMIBADGER METER INCNEW+141.4K141.4K+$27M$27M
DUOLDUOLINGO INCNEW+76.2K76.2K+$24M$24M
RDVTRED VIOLET INCNEW+357.4K357.4K+$13M$13M
4I1PHILIP MORRIS INTL INCNEW+1.4K1.4K+$216,984$216,984
SPSCSPS COMM INCADDED+168.2K266.8K+$17M$35M
UFPTUFP TECHNOLOGIES INCADDED+76.9K153.3K+$12M$31M
SMARGBPSMARTSHEET INCSOLD OUT−967.2K0−$54M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2025

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CYBERARK SOFTWARE LTDSHS6.07%$201M595.6K
2VEEVVEEVA SYS INChistory →CL A COM4.56%$151M653.7K
3TYLTYLER TECHNOLOGIES INChistory →COM4.49%$149M256.5K
4GWREGUIDEWIRE SOFTWARE INChistory →COM4.34%$144M769.4K
5APPFAPPFOLIO INChistory →COM CL A4.06%$135M611.8K
6VCELVERICEL CORPhistory →COM3.88%$129M2.88M
7DDOGDATADOG INChistory →CL A COM3.64%$121M1.22M
8GKOSGLAUKOS CORPhistory →COM3.54%$117M1.19M
9MANHMANHATTAN ASSOCIATES INChistory →COM3.53%$117M677.4K
10PAYCPAYCOM SOFTWARE INChistory →COM3.32%$110M504.2K
11RGENREPLIGEN CORPhistory →COM3.31%$110M864.0K
12AKXANSYS INChistory →COM3.22%$107M337.5K
13ALRMALARM COM HLDGS INChistory →COM3.01%$100M1.80M
14QTWOQ2 HLDGS INChistory →COM3.01%$100M1.25M
15TECHBIO-TECHNE CORPhistory →COM2.95%$98M1.67M
16XMTRXOMETRY INChistory →CLASS A COM2.34%$78M3.11M
17GLOBAL E ONLINE LTDSHS2.30%$76M2.14M
18CGNXCOGNEX CORPhistory →COM2.15%$71M2.39M
19CAMTEK LTDORD1.95%$65M1.10M
20FLUTTER ENTMT PLCSHS1.86%$62M279.1K
21NCNONCINO INChistory →COM1.81%$60M2.18M
22ENFUSION INCCL A1.73%$57M5.14M
23INSPINSPIRE MED SYS INChistory →COM1.69%$56M352.3K
24CLEARWATER ANALYTICS HLDGS ICL A1.67%$56M2.07M
25WKWORKIVA INChistory →COM CL A1.59%$53M695.5K
26MLB1MERCADOLIBRE INChistory →COM1.58%$52M26.8K
27AGYSAGILYSYS INChistory →COM1.41%$47M643.3K
28OLOGBXOLO INChistory →CL A1.28%$42M7.01M
29ERIIENERGY RECOVERY INChistory →COM1.24%$41M2.60M
30KIDSORTHOPEDIATRICS CORPhistory →COM1.24%$41M1.67M
31SHOPSHOPIFY INChistory →CL A1.22%$40M423.7K
32HLIOHELIOS TECHNOLOGIES INChistory →COM1.14%$38M1.18M
33SPSCSPS COMM INChistory →COM1.07%$35M266.8K
34VICRVICOR CORPhistory →COM1.04%$34M737.0K
35ICON PLCSHS0.96%$32M182.0K
36TMDXTRANSMEDICS GROUP INChistory →COM0.95%$31M468.1K
37UFPTUFP TECHNOLOGIES INChistory →COM0.93%$31M153.3K
38DVDOUBLEVERIFY HLDGS INChistory →COM0.90%$30M2.24M
39CTKBCYTEK BIOSCIENCES INChistory →COM0.90%$30M7.46M
40BMIBADGER METER INChistory →COM0.81%$27M141.4K
41MONDAY COM LTDSHS0.76%$25M103.5K
42CYRXCRYOPORT INChistory →COM PAR $0.0010.74%$25M4.05M
43RXSTRXSIGHT INChistory →COM0.72%$24M947.3K
44DUOLDUOLINGO INChistory →CL A COM0.71%$24M76.2K
45TEAM1EURATLASSIAN CORPORATIONhistory →CL A0.71%$23M110.5K
46VERXVERTEX INChistory →CL A0.70%$23M664.8K
47CHECK POINT SOFTWARE TECH LTORD0.46%$15M67.3K
48RDVTRED VIOLET INChistory →COM0.40%$13M357.4K
49PROPROS HOLDINGS INChistory →COM0.36%$12M619.7K
50TNDMTANDEM DIABETES CARE INChistory →COM NEW0.34%$11M591.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$704M56May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.2B55Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$2.4B54Nov 4, 202513F-HRchanges · EDGAR ↗
Q2 2025$3.4B83Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$3.3B105May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$4.3B118Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$4.6B133Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$4.9B130Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$5.7B133May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$6.7B128Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$6.5B126Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$7.0B126Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$6.7B124May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$6.0B128Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$7.1B124Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$7.5B124Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$10.0B127May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$12.1B129Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$12.2B127Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$13.2B122Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$13.4B127May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$14.5B124Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$12.1B117Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$11.6B118Aug 7, 2020RESTATEMENTchanges · EDGAR ↗
Q1 2020$8.6B114May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$10.5B120Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$10.3B121Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$10.5B120Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$9.9B123May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$8.3B122Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.