American Capital Management Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), American Capital Management Inc. reported 63 stock positions worth $2.4 billion. Its top holding was Aerovironment (AVAV) at 9.0% of the portfolio, followed by Cyberark Software Ltd./Israel (CYBR, 7.0%) and Fortinet (FTNT, 4.4%). Compared with Q1 2025, it opened 2 new positions, sold out of 2, added to 13 and reduced 41. The biggest buy was Ncino (NCNO, shares +45%) and the biggest sale Gentex (GNTX, shares −62%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001320168
- Portfolio Value
- $2.4B (Q2 2025)
- SEC Filing
- 0001104659-25-078772 ↗ filed Aug 14, 2025
Holdings Value
Holdings 63 stocks · $2.4B
| AVAV Aerovironment Inc. | 8.95% | 757,433 | $215.8M | Reduce -20.1% |
| CYBR Cyberark Software Ltd./Israel | 7.05% | 417,703 | $170.0M | Reduce -16.3% |
| FTNT Fortinet Inc. | 4.44% | 1,011,471 | $106.9M | Reduce -21.4% |
| KTOS Kratos Defense & Security | 4.42% | 2,294,358 | $106.6M | Reduce -11.7% |
| IDXX Idexx Laboratories Inc. | 4.20% | 189,000 | $101.4M | Reduce -14.7% |
| CVLT Commvault Systems Inc. | 4.00% | 553,088 | $96.4M | Reduce -18.1% |
| MEDP Medpace Holdings Inc. | 3.46% | 265,431 | $83.3M | Reduce -18.3% |
| RBC RBC Bearings Inc. | 3.42% | 214,563 | $82.6M | Reduce -6.9% |
| RMD Resmed Inc. | 3.40% | 317,916 | $82.0M | Reduce -19.4% |
| GWRE Guidewire Software Inc. | 3.35% | 342,611 | $80.7M | Reduce -14.5% |
| MANH Manhattan Associates Inc. | 3.08% | 375,522 | $74.2M | Reduce -12.7% |
| FDS Factset Research Systems Inc. | 2.93% | 157,823 | $70.6M | Reduce -11.2% |
| VEEV Veeva Systems Inc. Class A | 2.75% | 230,272 | $66.3M | Reduce -18.7% |
| RAMP Liveramp Holdings Inc. | 2.73% | 1,991,014 | $65.8M | Reduce -16.1% |
| CSGP Costar Group Inc. | 2.65% | 795,961 | $64.0M | Reduce -15.2% |
| CGNT Cognyte Software Ltd. | 2.57% | 6,712,241 | $62.0M | Add +0.7% |
| VRNS Varonis Systems Inc. | 2.48% | 1,179,877 | $59.9M | Reduce -5.8% |
| QLYS Qualys Inc. | 2.47% | 417,253 | $59.6M | Reduce -22.1% |
| NICE Nice Ltd. - Spon ADR | 2.31% | 329,282 | $55.6M | Reduce -24.0% |
| NCNO Ncino Inc. | 2.27% | 1,955,856 | $54.7M | Add +45.1% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 2.06% | 275,396 | $49.6M | Reduce -27.3% |
| TECH Bio-Techne Corp. | 2.03% | 951,614 | $49.0M | Reduce -15.5% |
| TW Tradeweb Markets Inc. Class A | 1.76% | 289,819 | $42.4M | Reduce -7.7% |
| SEIC Sei Investments Company | 1.73% | 463,776 | $41.7M | Reduce -11.0% |
| RGEN Repligen Corp. | 1.70% | 329,281 | $41.0M | Reduce -13.6% |
| ANSS Ansys Inc. | 1.45% | 99,857 | $35.1M | Reduce -5.3% |
| SPSC SPS Commerce Inc. | 1.31% | 232,467 | $31.6M | Reduce -11.8% |
| DXCM Dexcom Inc. | 1.29% | 355,573 | $31.0M | Reduce -11.3% |
| MORN Morningstar Inc. | 1.27% | 97,479 | $30.6M | Reduce -23.9% |
| CRNC Cerence Inc. | 1.18% | 2,796,364 | $28.6M | Reduce -6.2% |
| GMED Globus Medical Inc. Class A | 1.18% | 483,522 | $28.5M | Add +64.0% |
| KRNT Kornit Digital Ltd. | 1.13% | 1,363,611 | $27.1M | Reduce -24.8% |
| PAYC Paycom Software Inc. | 1.04% | 108,027 | $25.0M | Reduce -29.7% |
| AZTA Azenta Inc. | 1.00% | 785,324 | $24.2M | Add +4.5% |
| GNTX Gentex Corp. | 0.73% | 795,464 | $17.5M | Reduce -61.9% |
| NEOG Neogen Corp. | 0.66% | 3,339,316 | $16.0M | Reduce -27.6% |
| TYL Tyler Technologies Inc. | 0.61% | 24,976 | $14.8M | Reduce -5.7% |
| CGNX Cognex Corp. | 0.59% | 451,462 | $14.3M | Reduce -62.0% |
| TREX Trex Company Inc. | 0.59% | 262,784 | $14.3M | Reduce -11.6% |
| STAA Staar Surgical Co. | 0.55% | 784,914 | $13.2M | Reduce -22.3% |
| MMSI Merit Medical Systems Inc. | 0.34% | 87,099 | $8.1M | Add +2.4% |
| ORLY O'reilly Automotive Inc. | 0.32% | 86,235 | $7.8M | No change |
| NEO Neogenomics Inc. | 0.32% | 1,061,873 | $7.8M | Add +1210.0% |
| HAE Haemonetics Corp. | 0.31% | 100,915 | $7.5M | No change |
| ICLR Icon PLC | 0.30% | 49,226 | $7.2M | Reduce -33.2% |
| ALRM Alarm.com Holdings Inc. | 0.26% | 110,144 | $6.2M | Reduce -7.7% |
| PODD Insulet Corp. | 0.23% | 17,315 | $5.4M | Add +2.5% |
| MPWR Monolithic Power Systems Inc. | 0.21% | 7,015 | $5.1M | Reduce -1.2% |
| BLKB Blackbaud Inc. | 0.14% | 52,949 | $3.4M | Reduce -80.4% |
| DORM Dorman Products Inc. | 0.10% | 20,358 | $2.5M | Add +0.1% |
| FELE Franklin Electric Co. Inc. | 0.09% | 25,000 | $2.2M | No change |
| PRLB Proto Labs Inc. | 0.09% | 54,027 | $2.2M | Add +7.8% |
| GHM Graham Corp. | 0.08% | 40,449 | $2.0M | Add +69.3% |
| TRMB Trimble Inc. | 0.07% | 22,000 | $1.7M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.07% | 2,535 | $1.6M | No change |
| HOLX Hologic Inc. | 0.06% | 23,780 | $1.5M | No change |
| DSGX The Descartes Systems Grp | 0.05% | 11,213 | $1.1M | Reduce -3.6% |
| ZBRA Zebra Technologies Corp. Class A | 0.04% | 3,300 | $1.0M | No change |
| ACIW Aci Worldwide Inc. | 0.04% | 18,400 | $845K | Add +0.1% |
| VSEC Vse Corp. | 0.02% | 4,453 | $583K | New |
| AAPL Apple Inc. | 0.02% | 2,800 | $574K | Add +112.8% |
| FROG Jfrog Ltd. | 0.02% | 11,445 | $502K | Add +1.6% |
| ILMN Illumina Inc. | 0.01% | 2,275 | $217K | New |
Portfolio Sells Q1 2025 → Q2 2025
| GNTX Gentex Corp. | Reduce -61.9% | 0.73% | −1.25 |
| NEOG Neogen Corp. | Reduce -27.6% | 0.66% | −0.96 |
| CGNX Cognex Corp. | Reduce -62.0% | 0.59% | −0.85 |
| JKHY Jack Henry & Associates Inc. | Reduce -27.3% | 2.06% | −0.76 |
| TECH Bio-Techne Corp. | Reduce -15.5% | 2.03% | −0.65 |
| FTNT Fortinet Inc. | Reduce -21.4% | 4.44% | −0.60 |
| MEDP Medpace Holdings Inc. | Reduce -18.3% | 3.46% | −0.57 |
| BLKB Blackbaud Inc. | Reduce -80.4% | 0.14% | −0.54 |
| NICE Nice Ltd. - Spon ADR | Reduce -24.0% | 2.31% | −0.41 |
| CSGP Costar Group Inc. | Reduce -15.2% | 2.65% | −0.37 |
| FDS Factset Research Systems Inc. | Reduce -11.2% | 2.93% | −0.36 |
| CVLT Commvault Systems Inc. | Reduce -18.1% | 4.00% | −0.34 |
| PAYC Paycom Software Inc. | Reduce -29.7% | 1.04% | −0.33 |
| MORN Morningstar Inc. | Reduce -23.9% | 1.27% | −0.29 |
| KRNT Kornit Digital Ltd. | Reduce -24.8% | 1.13% | −0.28 |
| RGEN Repligen Corp. | Reduce -13.6% | 1.70% | −0.27 |
| QLYS Qualys Inc. | Reduce -22.1% | 2.47% | −0.27 |
| ICLR Icon PLC | Reduce -33.2% | 0.30% | −0.23 |
| RMD Resmed Inc. | Reduce -19.4% | 3.40% | −0.19 |
| STAA Staar Surgical Co. | Reduce -22.3% | 0.55% | −0.18 |
| CRL Charles River Laboratories | Sold out | 0.00% | −0.17 |
| TW Tradeweb Markets Inc. Class A | Reduce -7.7% | 1.76% | −0.14 |
| SPSC SPS Commerce Inc. | Reduce -11.8% | 1.31% | −0.11 |
| TREX Trex Company Inc. | Reduce -11.6% | 0.59% | −0.11 |
| TYL Tyler Technologies Inc. | Reduce -5.7% | 0.61% | −0.01 |
| ALRM Alarm.com Holdings Inc. | Reduce -7.7% | 0.26% | −0.01 |
| VRNT Verint Systems Inc. | Sold out | 0.00% | −0.01 |
| DSGX The Descartes Systems Grp | Reduce -3.6% | 0.05% | −0.00 |
| MPWR Monolithic Power Systems Inc. | Reduce -1.2% | 0.21% | +0.05 |
| MANH Manhattan Associates Inc. | Reduce -12.7% | 3.08% | +0.05 |
| VEEV Veeva Systems Inc. Class A | Reduce -18.7% | 2.75% | +0.08 |
| SEIC Sei Investments Company | Reduce -11.0% | 1.73% | +0.08 |
| ANSS Ansys Inc. | Reduce -5.3% | 1.45% | +0.10 |
| DXCM Dexcom Inc. | Reduce -11.3% | 1.29% | +0.17 |
| CYBR Cyberark Software Ltd./Israel | Reduce -16.3% | 7.05% | +0.19 |
| RAMP Liveramp Holdings Inc. | Reduce -16.1% | 2.73% | +0.20 |
| CRNC Cerence Inc. | Reduce -6.2% | 1.18% | +0.23 |
| GWRE Guidewire Software Inc. | Reduce -14.5% | 3.35% | +0.29 |
| RBC RBC Bearings Inc. | Reduce -6.9% | 3.42% | +0.41 |
| IDXX Idexx Laboratories Inc. | Reduce -14.7% | 4.20% | +0.42 |
| VRNS Varonis Systems Inc. | Reduce -5.8% | 2.48% | +0.42 |
| KTOS Kratos Defense & Security | Reduce -11.7% | 4.42% | +1.28 |
| AVAV Aerovironment Inc. | Reduce -20.1% | 8.95% | +4.35 |
Portfolio Buys Q1 2025 → Q2 2025
| NCNO Ncino Inc. | Add +45.1% | 2.27% | +0.76 |
| CGNT Cognyte Software Ltd. | Add +0.7% | 2.57% | +0.46 |
| GMED Globus Medical Inc. Class A | Add +64.0% | 1.18% | +0.31 |
| NEO Neogenomics Inc. | Add +1210.0% | 0.32% | +0.29 |
| GHM Graham Corp. | Add +69.3% | 0.08% | +0.06 |
| PODD Insulet Corp. | Add +2.5% | 0.23% | +0.05 |
| VSEC Vse Corp. | New | 0.02% | +0.02 |
| PRLB Proto Labs Inc. | Add +7.8% | 0.09% | +0.02 |
| AAPL Apple Inc. | Add +112.8% | 0.02% | +0.01 |
| ILMN Illumina Inc. | New | 0.01% | +0.01 |
| FROG Jfrog Ltd. | Add +1.6% | 0.02% | +0.01 |
| DORM Dorman Products Inc. | Add +0.1% | 0.10% | +0.00 |
| ACIW Aci Worldwide Inc. | Add +0.1% | 0.04% | −0.01 |
| MMSI Merit Medical Systems Inc. | Add +2.4% | 0.34% | −0.03 |
| AZTA Azenta Inc. | Add +4.5% | 1.00% | −0.06 |
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 |