Q4 2025 · 13F-HR
BROWN CAPITAL MANAGEMENT LLCholdings as filed
Filed 2026-02-17 · accession 0001398344-26-003301
$1.22B
Reported value
55
Positions
2025-12-31
Period end
The Brief · BROWN CAPITAL MANAGEMENT LLC · Q4 2025
AI · grounded in 13F
Brown Capital Management LLC established a new position in LOAR valued at $6.6M. The fund also opened new stakes in VCYT for $4.8M and AVPT for $3.9M. Conversely, the manager reduced exposure across 53 positions, most notably trimming shares of DDOG by 65.7% and CYBR by 62.6%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| M20791105 | CAMT | CAMTEK LTD | $114.3M | 9.38% | 1,075,053 | Common | SOLE |
| M5216V106 | GLBE | GLOBAL E ONLINE LTD | $94.5M | 7.75% | 2,404,856 | Common | SOLE |
| M2682V108 | CYBR | CYBERARK SOFTWARE LTD | $68.0M | 5.58% | 152,539 | Common | NONE |
| 759916109 | RGEN | REPLIGEN CORP | $44.9M | 3.68% | 273,972 | Common | SOLE |
| 98423F109 | XMTR | XOMETRY INC | $41.5M | 3.41% | 698,666 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $39.9M | 3.28% | 248,101 | Common | SOLE |
| 40171V100 | GWRE | GUIDEWIRE SOFTWARE INC | $36.9M | 3.03% | 183,624 | Common | SOLE |
| 377322102 | GKOS | GLAUKOS CORP | $36.9M | 3.02% | 326,579 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $35.8M | 2.93% | 160,187 | Common | SOLE |
| 03783C100 | APPF | APPFOLIO INC | $35.4M | 2.90% | 152,123 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $34.6M | 2.84% | 17,176 | Common | SOLE |
| 902252105 | TYL | TYLER TECHNOLOGIES INC | $33.6M | 2.76% | 74,067 | Common | SOLE |
| 23804L103 | DDOG | DATADOG INC | $33.2M | 2.73% | 244,312 | Common | SOLE |
| 562750109 | MANH | MANHATTAN ASSOCIATES INC | $32.5M | 2.67% | 187,550 | Common | SOLE |
| 185123106 | CWAN | CLEARWATER ANALYTICS HLDGS I | $30.5M | 2.51% | 1,266,310 | Common | SOLE |
| 92346J108 | VCEL | VERICEL CORP | $30.0M | 2.46% | 831,752 | Common | SOLE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $28.5M | 2.33% | 132,335 | Common | SOLE |
| 011642105 | ALRM | ALARM COM HLDGS INC | $25.8M | 2.11% | 504,728 | Common | SOLE |
| 74736L109 | QTWO | Q2 HLDGS INC | $25.6M | 2.10% | 355,407 | Common | SOLE |
| 09073M104 | TECH | BIO-TECHNE CORP | $25.6M | 2.10% | 435,641 | Common | SOLE |
| 00847J105 | AGYS | AGILYSYS INC | $25.5M | 2.10% | 214,986 | Common | SOLE |
| 70432V102 | PAYC | PAYCOM SOFTWARE INC | $23.3M | 1.91% | 145,948 | Common | SOLE |
| 192422103 | CGNX | COGNEX CORP | $23.0M | 1.88% | 638,019 | Common | SOLE |
| G4705A100 | ICLR | ICON PLC | $22.7M | 1.86% | 124,638 | Common | SOLE |
| 63947X101 | NCNO | NCINO INC | $19.0M | 1.56% | 739,559 | Common | SOLE |
| 902673102 | UFPT | UFP TECHNOLOGIES INC | $18.6M | 1.52% | 83,672 | Common | SOLE |
| 98139A105 | WK | WORKIVA INC | $18.0M | 1.48% | 208,494 | Common | SOLE |
| 89377M109 | TMDX | TRANSMEDICS GROUP INC | $17.8M | 1.46% | 145,918 | Common | SOLE |
| 056525108 | BMI | BADGER METER INC | $17.7M | 1.45% | 101,519 | Common | SOLE |
| 049468101 | TEAM | ATLASSIAN CORPORATION | $12.3M | 1.01% | 76,015 | Common | SOLE |
| 92538J106 | VERX | VERTEX INC | $12.2M | 1.00% | 610,332 | Common | SOLE |
| 05463X106 | AXGN | AXOGEN INC | $11.4M | 0.94% | 349,209 | Common | SOLE |
| 457730109 | INSP | INSPIRE MED SYS INC | $11.1M | 0.91% | 119,935 | Common | SOLE |
| 229050307 | CYRX | CRYOPORT INC | $10.7M | 0.88% | 1,112,771 | Common | SOLE |
| M7S64H106 | MNDY | MONDAY COM LTD | $10.5M | 0.86% | 71,052 | Common | SOLE |
| 23285D109 | CTKB | CYTEK BIOSCIENCES INC | $10.5M | 0.86% | 2,072,915 | Common | SOLE |
| 29270J100 | ERII | ENERGY RECOVERY INC | $10.3M | 0.85% | 764,793 | Common | SOLE |
| 75704L104 | RDVT | RED VIOLET INC | $10.0M | 0.82% | 175,452 | Common | SOLE |
| 25862V105 | DV | DOUBLEVERIFY HLDGS INC | $9.3M | 0.77% | 815,446 | Common | SOLE |
| 68752L100 | KIDS | ORTHOPEDIATRICS CORP | $9.1M | 0.75% | 514,097 | Common | SOLE |
| 78463M107 | SPSC | SPS COMM INC | $9.1M | 0.74% | 101,560 | Common | SOLE |
| M22465104 | CHKP | CHECK POINT SOFTWARE TECH LT | $8.9M | 0.73% | 47,839 | Common | SOLE |
| 26603R106 | DUOL | DUOLINGO INC | $8.8M | 0.72% | 49,876 | Common | SOLE |
| 45827U109 | INTA | INTAPP INC | $6.8M | 0.56% | 148,656 | Common | SOLE |
| 53947R105 | LOAR | LOAR HOLDINGS INC | $6.6M | 0.54% | 97,142 | Common | SOLE |
| 56146T103 | MAMA | MAMAS CREATIONS INC | $6.3M | 0.52% | 469,538 | Common | SOLE |
| 218352102 | CORT | CORCEPT THERAPEUTICS INC | $4.8M | 0.39% | 138,191 | Common | SOLE |
| 92337F107 | VCYT | VERACYTE INC | $4.8M | 0.39% | 114,157 | Common | SOLE |
| 053604104 | AVPT | AVEPOINT INC | $3.9M | 0.32% | 280,223 | Common | SOLE |
| 78349D107 | RXST | RXSIGHT INC | $3.7M | 0.31% | 357,713 | Common | SOLE |
| 693282105 | PDFS | PDF SOLUTIONS INC | $3.6M | 0.29% | 125,137 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $258,811 | 0.02% | 952 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $232,872 | 0.02% | 744 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $211,826 | 0.02% | 438 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $208,430 | 0.02% | 903 | 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.