BROWN CAPITAL MANAGEMENT LLC
Long book
$704.0M
Q1 2026
Positions
56
Top-10 weight
47%
concentration
Last quarter
+22.7%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsBROWN CAPITAL MANAGEMENT LLC is a diversified fundamental manager, running a $704.0M US long book across 56 positions.
The portfolio is moderately concentrated (top 10 ≈ 47% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: CAMTEK LTD, GLOBAL-E ONLINE LTD, CELLEBRITE DI LTD, GLAUKOS CORP, MERCADOLIBRE INC.
Over the last 9 quarters its long book ran on average 3.6pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-6.6%
Q2 2024
+8.3%
Q3 2024
+7.8%
Q4 2024
-17.2%
Q1 2025
+10.5%
Q2 2025
-0.6%
Q3 2025
-2.0%
Q4 2025
-15.4%
Q1 2026
+22.7%
Sector allocation
Technology 52%
Healthcare 23%
Other 16%
Services media 6%
Industrials 2%
Consumer staples 1%
Long book by quarter
What does BROWN CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CAMT CAMTEK LTD | Other | 620.1K | $94.0M | 13.4% | -42.3% |
| GLBE GLOBAL-E ONLINE LTD | Technology | 1.4M | $43.2M | 6.1% | -41.8% |
| CLBT CELLEBRITE DI LTD | Technology | 2.7M | $37.2M | 5.3% | New |
| GKOS GLAUKOS CORP | Healthcare | 230.0K | $24.8M | 3.5% | -29.6% |
| MELI MERCADOLIBRE INC | Services media | 14.2K | $24.5M | 3.5% | -17.6% |
| SHOP SHOPIFY INC - CLASS A | Technology | 201.7K | $23.9M | 3.4% | -18.7% |
| DDOG DATADOG INC - CLASS A | Technology | 176.5K | $20.8M | 3.0% | -27.8% |
| CGNX COGNEX CORP | Technology | 414.6K | $20.3M | 2.9% | -35.0% |
| VEEV VEEVA SYSTEMS INC-CLASS A | Technology | 114.9K | $20.2M | 2.9% | -28.2% |
| RGEN REPLIGEN CORP | Healthcare | 170.0K | $20.0M | 2.8% | -38.0% |
| GWRE GUIDEWIRE SOFTWARE INC | Technology | 131.0K | $19.6M | 2.8% | -28.7% |
| VCEL VERICEL CORP | Healthcare | 592.5K | $19.1M | 2.7% | -28.8% |
| TYL TYLER TECHNOLOGIES INC | Technology | 52.9K | $18.1M | 2.6% | -28.5% |
| MANH MANHATTAN ASSOCIATES INC | Technology | 134.0K | $17.8M | 2.5% | -28.5% |
| ICLR ICON PLC | Healthcare | 158.0K | $17.5M | 2.5% | +26.8% |
| XMTR XOMETRY INC-A | Services media | 421.1K | $17.2M | 2.4% | -39.7% |
| APPF APPFOLIO INC - A | Technology | 108.1K | $17.1M | 2.4% | -28.9% |
| TECH BIO-TECHNE CORP | Healthcare | 309.6K | $16.2M | 2.3% | -28.9% |
| ALRM ALARM.COM HOLDINGS INC | Technology | 359.2K | $15.5M | 2.2% | -28.8% |
| PAYC PAYCOM SOFTWARE INC | Technology | 104.5K | $12.7M | 1.8% | -28.4% |
| QTWO Q2 HOLDINGS INC | Technology | 252.7K | $12.0M | 1.7% | -28.9% |
| UFPT UFP TECHNOLOGIES INC | Healthcare | 58.8K | $11.4M | 1.6% | -29.7% |
| PPB FLUTTER ENTERTAINMENT PLC-DI | — | 111.3K | $11.3M | 1.6% | -15.9% |
| BMI BADGER METER INC | Technology | 72.1K | $11.0M | 1.6% | -29.0% |
| AGYS AGILYSYS INC | Technology | 153.4K | $10.9M | 1.6% | -28.7% |
| TMDX TRANSMEDICS GROUP INC | Healthcare | 98.0K | $9.7M | 1.4% | -32.9% |
| TEAM ATLASSIAN CORP-CL A | Technology | 130.8K | $8.9M | 1.3% | +72.1% |
| WK WORKIVA INC | Technology | 149.0K | $8.9M | 1.3% | -28.5% |
| AXGN AXOGEN INC | Healthcare | 259.5K | $8.6M | 1.2% | -25.7% |
| NCNO NCINO INC | Technology | 529.8K | $7.9M | 1.1% | -28.4% |
| CTKB CYTEK BIOSCIENCES INC | Healthcare | 1.5M | $6.5M | 0.9% | -28.6% |
| CYRX CRYOPORT INC | Healthcare | 780.6K | $6.5M | 0.9% | -29.9% |
| DV DOUBLEVERIFY HOLDINGS INC | Technology | 584.6K | $5.6M | 0.8% | -28.3% |
| MAMA MAMA'S CREATIONS INC | Consumer staples | 361.3K | $5.5M | 0.8% | -23.1% |
| ERII ENERGY RECOVERY INC | Industrials | 538.1K | $5.4M | 0.8% | -29.6% |
| VERX VERTEX INC - CLASS A | Technology | 434.6K | $5.2M | 0.7% | -28.8% |
| KIDS ORTHOPEDIATRICS CORP | Healthcare | 310.5K | $4.9M | 0.7% | -39.6% |
| RDVT RED VIOLET INC | Technology | 135.6K | $4.7M | 0.7% | -22.7% |
| CPW CHECK POINT SOFTWARE TECH | — | 32.3K | $4.6M | 0.7% | -32.6% |
| INSP INSPIRE MEDICAL SYSTEMS INC | Healthcare | 84.4K | $4.4M | 0.6% | -29.7% |
| LOAR LOAR HOLDINGS INC | Industrials | 74.2K | $4.3M | 0.6% | -23.6% |
| SPSC SPS COMMERCE INC | Technology | 72.4K | $4.0M | 0.6% | -28.7% |
| CORT CORCEPT THERAPEUTICS INC | Healthcare | 93.7K | $3.8M | 0.5% | -32.2% |
| DUOL DUOLINGO | Technology | 35.3K | $3.5M | 0.5% | -29.2% |
| VCYT VERACYTE INC | Healthcare | 107.8K | $3.5M | 0.5% | -5.6% |
| PDFS PDF SOLUTIONS INC | Technology | 104.3K | $3.4M | 0.5% | -16.6% |
| INTA INTAPP INC | Technology | 113.4K | $2.9M | 0.4% | -23.7% |
| KRYS KRYSTAL BIOTECH INC | Healthcare | 9.2K | $2.4M | 0.3% | New |
| XPEL XPEL INC | Industrials | 51.6K | $2.3M | 0.3% | New |
| AVPT AVEPOINT INC | Technology | 237.3K | $2.3M | 0.3% | -15.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 56 | $704.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 55 | $1.22B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 54 | $2.43B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 83 | $3.44B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 105 | $3.32B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 118 | $4.32B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 133 | $4.65B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 130 | $4.95B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 133 | $5.65B | canonical | SEC ↗ |
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