American Capital Management Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), American Capital Management Inc. reported 63 stock positions worth $2.7 billion. Its top holding was Cyberark Software Ltd./Israel (CYBR) at 8.0% of the portfolio, followed by Aerovironment (AVAV, 5.3%) and Fortinet (FTNT, 5.2%). Compared with Q3 2024, it opened 3 new positions, sold out of 1, added to 12 and reduced 37. The biggest buy was Sei Investments (SEIC, shares +63%) and the biggest sale Aerovironment (AVAV, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001320168
- Portfolio Value
- $2.7B (Q4 2024)
- SEC Filing
- 0001104659-25-011376 ↗ filed Feb 11, 2025
Holdings Value
Holdings 63 stocks · $2.7B
| CYBR Cyberark Software Ltd./Israel | 7.97% | 642,409 | $214.0M | Reduce -18.1% |
| AVAV Aerovironment Inc. | 5.33% | 930,694 | $143.2M | Reduce -21.3% |
| FTNT Fortinet Inc. | 5.24% | 1,491,138 | $140.9M | Reduce -19.3% |
| MANH Manhattan Associates Inc. | 4.32% | 429,756 | $116.1M | Reduce -23.9% |
| MEDP Medpace Holdings Inc. | 4.07% | 329,435 | $109.4M | Reduce -13.4% |
| CVLT Commvault Systems Inc. | 3.91% | 695,409 | $104.9M | Reduce -9.4% |
| RMD Resmed Inc. | 3.34% | 392,765 | $89.8M | Reduce -14.4% |
| IDXX Idexx Laboratories Inc. | 3.17% | 206,062 | $85.2M | Reduce -17.2% |
| FDS Factset Research Systems Inc. | 3.11% | 173,993 | $83.6M | Reduce -6.0% |
| NICE Nice Ltd. - Spon ADR | 2.89% | 456,740 | $77.6M | Reduce -15.5% |
| TECH Bio-Techne Corp. | 2.85% | 1,063,866 | $76.6M | Reduce -4.5% |
| QLYS Qualys Inc. | 2.80% | 537,297 | $75.3M | Reduce -21.6% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 2.71% | 414,617 | $72.7M | Reduce -11.1% |
| GWRE Guidewire Software Inc. | 2.59% | 412,418 | $69.5M | Reduce -4.4% |
| RBC RBC Bearings Inc. | 2.53% | 227,267 | $68.0M | Add +4.4% |
| KTOS Kratos Defense & Security | 2.53% | 2,573,499 | $67.9M | Reduce -4.5% |
| CSGP Costar Group Inc. | 2.50% | 936,988 | $67.1M | Add +1.0% |
| RAMP Liveramp Holdings Inc. | 2.45% | 2,169,922 | $65.9M | Reduce -24.6% |
| VEEV Veeva Systems Inc. Class A | 2.27% | 289,895 | $61.0M | Reduce -11.2% |
| GNTX Gentex Corp. | 2.25% | 2,106,185 | $60.5M | Reduce -8.3% |
| KRNT Kornit Digital Ltd. | 2.18% | 1,896,319 | $58.7M | Reduce -12.1% |
| CGNT Cognyte Software Ltd. | 2.06% | 6,382,189 | $55.2M | Reduce -0.3% |
| RGEN Repligen Corp. | 2.06% | 383,529 | $55.2M | Add +1.2% |
| CGNX Cognex Corp. | 1.94% | 1,453,402 | $52.1M | Reduce -9.3% |
| AZPN Aspen Technology Inc. | 1.65% | 177,145 | $44.2M | Reduce -9.3% |
| MORN Morningstar Inc. | 1.61% | 128,692 | $43.3M | Reduce -10.8% |
| NEOG Neogen Corp. | 1.60% | 3,550,852 | $43.1M | Add +4.0% |
| NCNO Ncino Inc. | 1.56% | 1,250,099 | $42.0M | Add +21.4% |
| SEIC Sei Investments Company | 1.53% | 497,200 | $41.0M | Add +63.4% |
| TW Tradeweb Markets Inc. Class A | 1.45% | 298,237 | $39.0M | Add +1.4% |
| SPSC SPS Commerce Inc. | 1.41% | 205,720 | $37.9M | Add +22.2% |
| ANSS Ansys Inc. | 1.38% | 110,006 | $37.1M | Reduce -47.2% |
| AZTA Azenta Inc. | 1.23% | 659,652 | $33.0M | Add +93.7% |
| PAYC Paycom Software Inc. | 1.18% | 154,888 | $31.7M | Reduce -8.6% |
| CRNC Cerence Inc. | 1.02% | 3,488,944 | $27.4M | Reduce -11.0% |
| VRNS Varonis Systems Inc. | 1.01% | 611,265 | $27.2M | Add +293.9% |
| BLKB Blackbaud Inc. | 0.99% | 359,771 | $26.6M | Reduce -16.2% |
| DXCM Dexcom Inc. | 0.89% | 306,004 | $23.8M | Reduce -13.5% |
| STAA Staar Surgical Co. | 0.77% | 848,416 | $20.6M | Add +65.4% |
| ICLR Icon PLC | 0.63% | 81,279 | $17.0M | Reduce -54.2% |
| TYL Tyler Technologies Inc. | 0.58% | 26,992 | $15.6M | Reduce -0.8% |
| TREX Trex Company Inc. | 0.41% | 160,310 | $11.1M | New |
| ALRM Alarm.com Holdings Inc. | 0.29% | 128,276 | $7.8M | Reduce -3.7% |
| MMSI Merit Medical Systems Inc. | 0.29% | 80,438 | $7.8M | Add +3.4% |
| CRL Charles River Laboratories | 0.26% | 37,800 | $7.0M | Reduce -74.4% |
| HAE Haemonetics Corp. | 0.23% | 79,995 | $6.2M | No change |
| MPWR Monolithic Power Systems Inc. | 0.16% | 7,116 | $4.2M | Reduce -0.3% |
| PODD Insulet Corp. | 0.14% | 14,800 | $3.9M | No change |
| GMED Globus Medical Inc. Class A | 0.10% | 33,110 | $2.7M | New |
| FELE Franklin Electric Co. Inc. | 0.09% | 25,000 | $2.4M | No change |
| DORM Dorman Products Inc. | 0.09% | 18,190 | $2.4M | Reduce -86.8% |
| VRNT Verint Systems Inc. | 0.06% | 58,658 | $1.6M | Reduce -3.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.06% | 2,666 | $1.6M | No change |
| TRMB Trimble Inc. | 0.06% | 22,000 | $1.6M | No change |
| GHM Graham Corp. | 0.04% | 23,250 | $1.0M | No change |
| ACIW Aci Worldwide Inc. | 0.04% | 18,380 | $954K | Reduce -96.3% |
| DSGX The Descartes Systems Grp | 0.03% | 7,143 | $811K | New |
| ORLY O'reilly Automotive Inc. | 0.03% | 600 | $711K | No change |
| GLOB Globant SA | 0.01% | 1,871 | $401K | No change |
| ZBRA Zebra Technologies Corp. Class A | 0.01% | 900 | $348K | No change |
| AAPL Apple Inc. | 0.01% | 1,316 | $330K | No change |
| ILMN Illumina Inc. | 0.01% | 2,275 | $304K | Reduce -9.4% |
| MDY State Street SPDR S&P Midcap | 0.01% | 353 | $201K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| AVAV Aerovironment Inc. | Reduce -21.3% | 5.33% | −2.42 |
| ICLR Icon PLC | Reduce -54.2% | 0.63% | −1.03 |
| IDXX Idexx Laboratories Inc. | Reduce -17.2% | 3.17% | −0.94 |
| MANH Manhattan Associates Inc. | Reduce -23.9% | 4.32% | −0.87 |
| ACIW Aci Worldwide Inc. | Reduce -96.3% | 0.04% | −0.79 |
| ANSS Ansys Inc. | Reduce -47.2% | 1.38% | −0.79 |
| CRL Charles River Laboratories | Reduce -74.4% | 0.26% | −0.69 |
| DORM Dorman Products Inc. | Reduce -86.8% | 0.09% | −0.42 |
| RMD Resmed Inc. | Reduce -14.4% | 3.34% | −0.32 |
| BLKB Blackbaud Inc. | Reduce -16.2% | 0.99% | −0.20 |
| CGNX Cognex Corp. | Reduce -9.3% | 1.94% | −0.18 |
| NICE Nice Ltd. - Spon ADR | Reduce -15.5% | 2.89% | −0.18 |
| MEDP Medpace Holdings Inc. | Reduce -13.4% | 4.07% | −0.08 |
| QLYS Qualys Inc. | Reduce -21.6% | 2.80% | −0.07 |
| TECH Bio-Techne Corp. | Reduce -4.5% | 2.85% | −0.06 |
| MPWR Monolithic Power Systems Inc. | Reduce -0.3% | 0.16% | −0.06 |
| OSUR Orasure Technologies Inc. | Sold out | 0.00% | −0.04 |
| ILMN Illumina Inc. | Reduce -9.4% | 0.01% | +0.00 |
| GWRE Guidewire Software Inc. | Reduce -4.4% | 2.59% | +0.01 |
| VRNT Verint Systems Inc. | Reduce -3.5% | 0.06% | +0.01 |
| JKHY Jack Henry & Associates Inc. | Reduce -11.1% | 2.71% | +0.01 |
| GNTX Gentex Corp. | Reduce -8.3% | 2.25% | +0.02 |
| VEEV Veeva Systems Inc. Class A | Reduce -11.2% | 2.27% | +0.03 |
| CVLT Commvault Systems Inc. | Reduce -9.4% | 3.91% | +0.04 |
| ALRM Alarm.com Holdings Inc. | Reduce -3.7% | 0.29% | +0.05 |
| TYL Tyler Technologies Inc. | Reduce -0.8% | 0.58% | +0.06 |
| MORN Morningstar Inc. | Reduce -10.8% | 1.61% | +0.11 |
| DXCM Dexcom Inc. | Reduce -13.5% | 0.89% | +0.11 |
| AZPN Aspen Technology Inc. | Reduce -9.3% | 1.65% | +0.12 |
| RAMP Liveramp Holdings Inc. | Reduce -24.6% | 2.45% | +0.12 |
| PAYC Paycom Software Inc. | Reduce -8.6% | 1.18% | +0.26 |
| FDS Factset Research Systems Inc. | Reduce -6.0% | 3.11% | +0.33 |
| KRNT Kornit Digital Ltd. | Reduce -12.1% | 2.18% | +0.36 |
| KTOS Kratos Defense & Security | Reduce -4.5% | 2.53% | +0.47 |
| CYBR Cyberark Software Ltd./Israel | Reduce -18.1% | 7.97% | +0.49 |
| FTNT Fortinet Inc. | Reduce -19.3% | 5.24% | +0.56 |
| CRNC Cerence Inc. | Reduce -11.0% | 1.02% | +0.62 |
| CGNT Cognyte Software Ltd. | Reduce -0.3% | 2.06% | +0.63 |
Portfolio Buys Q3 2024 → Q4 2024
| SEIC Sei Investments Company | Add +63.4% | 1.53% | +0.84 |
| VRNS Varonis Systems Inc. | Add +293.9% | 1.01% | +0.72 |
| AZTA Azenta Inc. | Add +93.7% | 1.23% | +0.69 |
| NCNO Ncino Inc. | Add +21.4% | 1.56% | +0.50 |
| TREX Trex Company Inc. | New | 0.41% | +0.41 |
| RBC RBC Bearings Inc. | Add +4.4% | 2.53% | +0.40 |
| SPSC SPS Commerce Inc. | Add +22.2% | 1.41% | +0.34 |
| TW Tradeweb Markets Inc. Class A | Add +1.4% | 1.45% | +0.26 |
| RGEN Repligen Corp. | Add +1.2% | 2.06% | +0.21 |
| CSGP Costar Group Inc. | Add +1.0% | 2.50% | +0.21 |
| STAA Staar Surgical Co. | Add +65.4% | 0.77% | +0.14 |
| GMED Globus Medical Inc. Class A | New | 0.10% | +0.10 |
| MMSI Merit Medical Systems Inc. | Add +3.4% | 0.29% | +0.04 |
| DSGX The Descartes Systems Grp | New | 0.03% | +0.03 |
| NEOG Neogen Corp. | Add +4.0% | 1.60% | −0.27 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 79 | $2.2B | PANW, FTNT, MEDP, VRNS, RBC |
| Q1 2026 | 74 | $1.9B | MEDP, PANW, RBC, IDXX, AVAV |
| Q4 2025 | 68 | $2.3B | AVAV, CYBR, MEDP, KTOS, IDXX |
| Q3 2025 | 68 | $2.5B | AVAV, KTOS, CYBR, MEDP, IDXX |
| Q2 2025 | 63 | $2.4B | AVAV, CYBR, FTNT, KTOS, IDXX |
| Q1 2025 | 63 | $2.5B | CYBR, FTNT, AVAV, CVLT, MEDP |
| Q4 2024 | 63 | $2.7B | CYBR, AVAV, FTNT, MANH, MEDP |
| Q3 2024 | 61 | $3.1B | AVAV, CYBR, MANH, FTNT, MEDP |
| Q2 2024 | 62 | $3.0B | AVAV, CYBR, MANH, MEDP, IDXX |
| Q1 2024 | 64 | $3.1B | CYBR, AVAV, FTNT, MANH, IDXX |