Q4 2025 · 13F-HR
AMERICAN CAPITAL MANAGEMENT INCholdings as filed
Filed 2026-02-17 · accession 0001104659-26-016553
$2.27B
Reported value
68
Positions
2025-12-31
Period end
The Brief · AMERICAN CAPITAL MANAGEMENT INC · Q4 2025
AI · grounded in 13F
AMERICAN CAPITAL MANAGEMENT INC closed its position in Paycom Software Inc PAYC, reducing its exposure by $21.6M. The fund increased its stake in Proto Labs Inc PRLB by 126.04% and Novanta Inc NOVT by 74.48%. Additionally, the fund trimmed holdings in Kratos Defense & Security Solutions Inc KTOS by 18.68% and AeroVironment Inc AVAV by 10.18%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 008073108 | AVAV | AEROVIRONMENT INC | $156.7M | 6.91% | 647,710 | Common | NONE |
| M2682V108 | CYBR | CYBERARK SOFTWARE LTD | $152.6M | 6.73% | 342,015 | Common | NONE |
| 58506Q109 | MEDP | MEDPACE HOLDINGS INC | $126.0M | 5.56% | 224,374 | Common | NONE |
| 50077B207 | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS INC | $124.1M | 5.47% | 1,634,493 | Common | NONE |
| 45168D104 | IDXX | IDEXX LABORATORIES INC | $123.0M | 5.43% | 181,745 | Common | NONE |
| 75524B104 | RBC | RBC BEARINGS INC | $96.0M | 4.24% | 214,117 | Common | NONE |
| 761152107 | RMD | RESMED INC | $73.9M | 3.26% | 306,956 | Common | NONE |
| 34959E109 | FTNT | FORTINET INC | $73.5M | 3.24% | 925,753 | Common | NONE |
| 204166102 | CVLT | COMMVAULT SYSTEMS INC | $66.9M | 2.95% | 533,806 | Common | SOLE |
| 40171V100 | GWRE | GUIDEWIRE SOFTWARE INC | $65.4M | 2.89% | 325,432 | Common | NONE |
| 562750109 | MANH | MANHATTAN ASSOCIATES INC | $63.6M | 2.81% | 366,860 | Common | NONE |
| M25133105 | CGNT | COGNYTE SOFTWARE LTD | $63.1M | 2.78% | 6,708,394 | Common | NONE |
| 22160N109 | CSGP | COSTAR GROUP INC | $55.5M | 2.45% | 825,340 | Common | NONE |
| 09073M104 | TECH | BIO-TECHNE CORP | $55.3M | 2.44% | 941,149 | Common | NONE |
| 53815P108 | RAMP | LIVE RAMP HOLDINGS INC | $55.1M | 2.43% | 1,877,756 | Common | NONE |
| 759916109 | RGEN | REPLIGEN CORP | $54.9M | 2.42% | 335,115 | Common | NONE |
| 74758T303 | QLYS | QUALYS INC | $53.7M | 2.37% | 404,119 | Common | NONE |
| 63947X101 | NCNO | NCINO INC | $52.0M | 2.29% | 2,027,809 | Common | NONE |
| 922475108 | VEEV | VEEVA SYSTEMS INC | $49.7M | 2.19% | 222,425 | Common | NONE |
| 922280102 | VRNS | VARONIS SYSTEMS INC | $49.5M | 2.18% | 1,509,039 | Common | SOLE |
| 784117103 | SEIC | SEI INVESTMENTS CO | $47.1M | 2.08% | 574,819 | Common | NONE |
| 426281101 | JKHY | JACK HENRY & ASSOCIATES INC | $45.9M | 2.02% | 251,337 | Common | NONE |
| 67000B104 | NOVT | NOVANTA INC | $45.4M | 2.00% | 381,866 | Common | NONE |
| 379577208 | GMED | GLOBUS MEDICAL INC | $42.5M | 1.87% | 486,212 | Common | SOLE |
| 303075105 | FDS | FACTSET RESEARCH SYSTEMS INC | $39.2M | 1.73% | 134,951 | Common | NONE |
| 114340102 | AZTA | AZENTA INC | $34.0M | 1.50% | 1,021,436 | Common | NONE |
| 653656108 | NICE | NICE LTD | $33.0M | 1.45% | 291,494 | Common | NONE |
| 743713109 | PRLB | PROTO LABS INC | $31.9M | 1.41% | 631,311 | Common | SOLE |
| 156727109 | CRNC | CERENCE INC | $28.4M | 1.25% | 2,655,131 | Common | SOLE |
| 892672106 | TW | TRADEWEB MARKETS INC | $27.8M | 1.23% | 258,715 | Common | NONE |
| 78463M107 | SPSC | SPS COMMERCE INC | $27.3M | 1.21% | 306,786 | Common | SOLE |
| 64049M209 | NEO | NEOGENOMICS INC | $27.3M | 1.21% | 2,324,366 | Common | NONE |
| 617700109 | MORN | MORNINGSTAR INC | $24.6M | 1.08% | 113,064 | Common | SOLE |
| 000360206 | AAON | AAON INC | $20.7M | 0.91% | 271,737 | Common | SOLE |
| 852312305 | STAA | STAAR SURGICAL CO | $17.1M | 0.75% | 739,536 | Common | SOLE |
| 44980X109 | IPGP | IPG PHOTONICS CORP | $16.9M | 0.74% | 235,554 | Common | SOLE |
| 252131107 | DXCM | DEXCOM INC | $16.5M | 0.73% | 248,774 | Common | SOLE |
| 371901109 | GNTX | GENTEX CORP | $13.5M | 0.60% | 579,892 | Common | NONE |
| 192422103 | CGNX | COGNEX CORP | $13.1M | 0.58% | 364,373 | Common | NONE |
| 902252105 | TYL | TYLER TECHNOLOGIES INC | $10.0M | 0.44% | 22,039 | Common | NONE |
| 640491106 | NEOG | NEOGEN CORP | $9.8M | 0.43% | 1,397,898 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $9.6M | 0.42% | 20,436 | Common | NONE |
| 589889104 | MMSI | MERIT MEDICAL SYSTEMS INC | $8.2M | 0.36% | 93,083 | Common | NONE |
| 67103H107 | ORLY | O'REILLY AUTOMOTIVE INC | $7.9M | 0.35% | 86,235 | Common | SOLE |
| 405024100 | HAE | HAEMONETICS CORP | $6.0M | 0.26% | 74,415 | Common | SOLE |
| 46435G268 | SMMD | ISHARES TRUST | $5.9M | 0.26% | 78,709 | Common | NONE |
| 609839105 | MPWR | MONOLITHIC POWER SYSTEMS INC | $5.9M | 0.26% | 6,488 | Common | NONE |
| 45784P101 | PODD | INSULET CORP | $5.4M | 0.24% | 18,890 | Common | NONE |
| G4705A100 | ICLR | ICON PLC | $4.3M | 0.19% | 23,732 | Common | NONE |
| M6372Q113 | KRNT | KORNIT DIGITAL LTD | $4.1M | 0.18% | 284,628 | Common | NONE |
| 011642105 | ALRM | ALARM.COM HOLDINGS INC | $3.8M | 0.17% | 73,687 | Common | NONE |
| 747316107 | KWR | Quaker Houghton | $3.6M | 0.16% | 26,146 | Common | NONE |
| 384556106 | GHM | GRAHAM CORP | $3.0M | 0.13% | 46,803 | Common | NONE |
| 258278100 | DORM | DORMAN PRODUCTS INC | $2.5M | 0.11% | 20,407 | Common | NONE |
| 353514102 | FELE | FRANKLIN ELECTRIC CO INC | $2.1M | 0.09% | 22,000 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 ETF TRUST | $1.7M | 0.08% | 2,535 | Common | SOLE |
| 896239100 | TRMB | TRIMBLE INC | $1.5M | 0.07% | 19,000 | Common | NONE |
| 249906108 | DSGX | DESCARTES SYSTEMS GROUP INC (THE) | $1.5M | 0.07% | 16,949 | Common | NONE |
| 918284100 | VSEC | VSE CORP | $1.3M | 0.06% | 7,523 | Common | NONE |
| 436440101 | HO1 | HOLOGIC INC | $1.2M | 0.05% | 16,280 | Common | SOLE |
| 004498101 | ACIW | ACI WORLDWIDE INC | $880,182 | 0.04% | 18,410 | Common | NONE |
| 09227Q100 | BLKB | BLACKBAUD INC | $818,728 | 0.04% | 12,930 | Common | SOLE |
| 989207105 | ZBRA | ZEBRA TECHNOLOGIES CORP | $801,306 | 0.04% | 3,300 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $761,208 | 0.03% | 2,800 | Common | NONE |
| M6191J100 | FROG | JFROG LTD | $683,625 | 0.03% | 10,945 | Common | SOLE |
| 452327109 | ILMN | ILLUMINA INC | $291,175 | 0.01% | 2,220 | Common | NONE |
| 58933Y105 | MRK | MERCK & COMPANY INC | $221,046 | 0.01% | 2,100 | Common | NONE |
| 78467Y107 | MDY | SPDR S&P MIDCAP 400 ETF TRUST | $212,958 | 0.01% | 353 | Common | SOLE |
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.