Q2 2025 · 13F-HR
AMERICAN CAPITAL MANAGEMENT INCholdings as filed
Filed 2025-08-14 · accession 0001104659-25-078772
$2.41B
Reported value
63
Positions
2025-06-30
Period end
The Brief · AMERICAN CAPITAL MANAGEMENT INC · Q2 2025
AI · grounded in 13F
AMERICAN CAPITAL MANAGEMENT INC established a new position in AeroVironment AVAV worth $215.8M. The fund also initiated new stakes in CyberArk Software CYBR for $169.9M and Fortinet FTNT for $106.9M. Additional new positions include Kratos Defense KTOS and IDEXX Labs IDXX. The fund ended the period with 63 positions and total AUM of $2.4B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 008073108 | AVAV | AeroVironment | $215.8M | 8.95% | 757,433 | Common | NONE |
| M2682V108 | CYBR | CyberArk Software | $170.0M | 7.05% | 417,703 | Common | NONE |
| 34959E109 | FTNT | Fortinet | $106.9M | 4.44% | 1,011,471 | Common | NONE |
| 50077B207 | KTOS | Kratos Defense | $106.6M | 4.42% | 2,294,358 | Common | NONE |
| 45168D104 | IDXX | IDEXX Labs | $101.4M | 4.20% | 189,000 | Common | NONE |
| 204166102 | CVLT | Commvault Systems | $96.4M | 4.00% | 553,088 | Common | NONE |
| 58506Q109 | MEDP | Medpace Holdings | $83.3M | 3.46% | 265,431 | Common | NONE |
| 75524B104 | RBC | RBC Bearings | $82.6M | 3.42% | 214,563 | Common | NONE |
| 761152107 | RMD | ResMed | $82.0M | 3.40% | 317,916 | Common | NONE |
| 40171V100 | GWRE | Guidewire Software | $80.7M | 3.35% | 342,611 | Common | NONE |
| 562750109 | MANH | Manhattan Assocs | $74.2M | 3.08% | 375,522 | Common | NONE |
| 303075105 | FDS | FactSet Research | $70.6M | 2.93% | 157,823 | Common | NONE |
| 922475108 | VEEV | Veeva Systems | $66.3M | 2.75% | 230,272 | Common | NONE |
| 53815P108 | RAMP | LiveRamp Holdings | $65.8M | 2.73% | 1,991,014 | Common | NONE |
| 22160N109 | CSGP | CoStar Group | $64.0M | 2.65% | 795,961 | Common | NONE |
| M25133105 | CGNT | Cognyte Software | $62.0M | 2.57% | 6,712,241 | Common | NONE |
| 922280102 | VRNS | Varonis Systems | $59.9M | 2.48% | 1,179,877 | Common | NONE |
| 74758T303 | QLYS | Qualys | $59.6M | 2.47% | 417,253 | Common | NONE |
| 653656108 | NICE | NICE | $55.6M | 2.31% | 329,282 | Common | NONE |
| 63947X101 | NCNO | nCino | $54.7M | 2.27% | 1,955,856 | Common | NONE |
| 426281101 | JKHY | Jack Henry & Associates | $49.6M | 2.06% | 275,396 | Common | NONE |
| 09073M104 | TECH | Bio Techne | $49.0M | 2.03% | 951,614 | Common | NONE |
| 892672106 | TW | Tradeweb Markets | $42.4M | 1.76% | 289,819 | Common | NONE |
| 784117103 | SEIC | SEI Investments | $41.7M | 1.73% | 463,776 | Common | NONE |
| 759916109 | RGEN | Repligen | $41.0M | 1.70% | 329,281 | Common | NONE |
| 03662Q105 | AKX | ANSYS | $35.1M | 1.45% | 99,857 | Common | NONE |
| 78463M107 | SPSC | SPS Commerce | $31.6M | 1.31% | 232,467 | Common | NONE |
| 252131107 | DXCM | DexCom | $31.0M | 1.29% | 355,573 | Common | NONE |
| 617700109 | MORN | Morningstar | $30.6M | 1.27% | 97,479 | Common | SOLE |
| 156727109 | CRNC | Cerence | $28.6M | 1.18% | 2,796,364 | Common | SOLE |
| 379577208 | GMED | Globus Medical | $28.5M | 1.18% | 483,522 | Common | NONE |
| M6372Q113 | KRNT | Kornit Digital | $27.1M | 1.13% | 1,363,611 | Common | NONE |
| 70432V102 | PAYC | Paycom Software | $25.0M | 1.04% | 108,027 | Common | SOLE |
| 114340102 | AZTA | Azenta | $24.2M | 1.00% | 785,324 | Common | SOLE |
| 371901109 | GNTX | Gentex | $17.5M | 0.73% | 795,464 | Common | NONE |
| 640491106 | NEOG | Neogen | $16.0M | 0.66% | 3,339,316 | Common | NONE |
| 902252105 | TYL | Tyler Technologies | $14.8M | 0.61% | 24,976 | Common | NONE |
| 192422103 | CGNX | Cognex | $14.3M | 0.59% | 451,462 | Common | NONE |
| 89531P105 | TREX | Trex | $14.3M | 0.59% | 262,784 | Common | SOLE |
| 852312305 | STAA | STAAR Surgical | $13.2M | 0.55% | 784,914 | Common | SOLE |
| 589889104 | MMSI | Merit Medical Systems | $8.1M | 0.34% | 87,099 | Common | NONE |
| 67103H107 | ORLY | O'Reilly Automotive | $7.8M | 0.32% | 86,235 | Common | SOLE |
| 64049M209 | NEO | NeoGenomics | $7.8M | 0.32% | 1,061,873 | Common | NONE |
| 405024100 | HAE | Haemonetics | $7.5M | 0.31% | 100,915 | Common | NONE |
| G4705A100 | ICLR | ICON PLC | $7.2M | 0.30% | 49,226 | Common | NONE |
| 011642105 | ALRM | Alarm.Com Holdings | $6.2M | 0.26% | 110,144 | Common | NONE |
| 45784p101 | — | Insulet | $5.4M | 0.23% | 17,315 | Common | NONE |
| 609839105 | MPWR | Monolithic Power Systems | $5.1M | 0.21% | 7,015 | Common | NONE |
| 09227Q100 | BLKB | Blackbaud | $3.4M | 0.14% | 52,949 | Common | NONE |
| 258278100 | DORM | Dorman Products | $2.5M | 0.10% | 20,358 | Common | NONE |
| 353514102 | FELE | Franklin Electric | $2.2M | 0.09% | 25,000 | Common | NONE |
| 743713109 | PRLB | Proto Labs | $2.2M | 0.09% | 54,027 | Common | NONE |
| 384556106 | GHM | Graham | $2.0M | 0.08% | 40,449 | Common | NONE |
| 896239100 | TRMB | Trimble | $1.7M | 0.07% | 22,000 | Common | NONE |
| 78462F103 | SPY | Spdr S&P 500 Series 1 | $1.6M | 0.06% | 2,535 | Common | NONE |
| 436440101 | HO1 | Hologic | $1.5M | 0.06% | 23,780 | Common | SOLE |
| 249906108 | DSGX | Descartes Systems Group | $1.1M | 0.05% | 11,213 | Common | NONE |
| 989207105 | ZBRA | Zebra Technologies | $1.0M | 0.04% | 3,300 | Common | SOLE |
| 004498101 | ACIW | ACI Worldwide | $844,744 | 0.04% | 18,400 | Common | NONE |
| 918284100 | VSEC | VSE | $583,254 | 0.02% | 4,453 | Common | NONE |
| 037833100 | AAPL | Apple | $574,476 | 0.02% | 2,800 | Common | NONE |
| M6191J100 | FROG | JFrog | $502,207 | 0.02% | 11,445 | Common | SOLE |
| 452327109 | ILMN | Illumina | $217,058 | 0.01% | 2,275 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.