American Capital Management Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), American Capital Management Inc. reported 68 stock positions worth $2.3 billion. Its top holding was Aerovironment (AVAV) at 6.9% of the portfolio, followed by Cyberark Software Ltd./Israel (CYBR, 6.7%) and Medpace (MEDP, 5.6%). Compared with Q3 2025, it opened 2 new positions, sold out of 2, added to 17 and reduced 39. The biggest buy was Novanta (NOVT, shares +74%) and the biggest sale Aerovironment (AVAV, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001320168
- Portfolio Value
- $2.3B (Q4 2025)
- SEC Filing
- 0001104659-26-016553 ↗ filed Feb 17, 2026
Holdings Value
Holdings 68 stocks · $2.3B
| AVAV Aerovironment Inc. | 6.91% | 647,710 | $156.7M | Reduce -10.2% |
| CYBR Cyberark Software Ltd./Israel | 6.73% | 342,015 | $152.6M | Reduce -2.3% |
| MEDP Medpace Holdings Inc. | 5.56% | 224,374 | $126.0M | Reduce -9.8% |
| KTOS Kratos Defense & Security | 5.47% | 1,634,493 | $124.1M | Reduce -18.7% |
| IDXX Idexx Laboratories Inc. | 5.42% | 181,745 | $123.0M | Reduce -1.4% |
| RBC RBC Bearings Inc. | 4.24% | 214,117 | $96.0M | Reduce -1.7% |
| RMD Resmed Inc. | 3.26% | 306,956 | $73.9M | Reduce -1.3% |
| FTNT Fortinet Inc. | 3.24% | 925,753 | $73.5M | Reduce -3.9% |
| CVLT Commvault Systems Inc. | 2.95% | 533,806 | $66.9M | Reduce -0.1% |
| GWRE Guidewire Software Inc. | 2.89% | 325,432 | $65.4M | Reduce -2.0% |
| MANH Manhattan Associates Inc. | 2.81% | 366,860 | $63.6M | Add +1.5% |
| CGNT Cognyte Software Ltd. | 2.78% | 6,708,394 | $63.1M | Reduce -0.7% |
| CSGP Costar Group Inc. | 2.45% | 825,340 | $55.5M | Add +4.0% |
| TECH Bio-Techne Corp. | 2.44% | 941,149 | $55.3M | Reduce -2.0% |
| RAMP Liveramp Holdings Inc. | 2.43% | 1,877,756 | $55.1M | Reduce -2.5% |
| RGEN Repligen Corp. | 2.42% | 335,115 | $54.9M | Reduce -0.5% |
| QLYS Qualys Inc. | 2.37% | 404,119 | $53.7M | Reduce -2.1% |
| NCNO Ncino Inc. | 2.29% | 2,027,809 | $52.0M | Reduce -0.6% |
| VEEV Veeva Systems Inc. Class A | 2.19% | 222,425 | $49.7M | Add +0.1% |
| VRNS Varonis Systems Inc. | 2.18% | 1,509,039 | $49.5M | Add +10.0% |
| SEIC Sei Investments Company | 2.08% | 574,819 | $47.1M | Add +1.7% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 2.02% | 251,337 | $45.9M | Reduce -4.5% |
| NOVT Novanta Inc. | 2.00% | 381,866 | $45.4M | Add +74.5% |
| GMED Globus Medical Inc. Class A | 1.87% | 486,212 | $42.5M | Reduce -2.6% |
| FDS Factset Research Systems Inc. | 1.73% | 134,951 | $39.2M | Reduce -13.1% |
| AZTA Azenta Inc. | 1.50% | 1,021,436 | $34.0M | Add +23.2% |
| NICE Nice Ltd. - Spon ADR | 1.45% | 291,494 | $33.0M | Reduce -7.0% |
| PRLB Proto Labs Inc. | 1.41% | 631,311 | $31.9M | Add +126.0% |
| CRNC Cerence Inc. | 1.25% | 2,655,131 | $28.4M | Reduce -0.9% |
| TW Tradeweb Markets Inc. Class A | 1.23% | 258,715 | $27.8M | Reduce -2.7% |
| SPSC SPS Commerce Inc. | 1.21% | 306,786 | $27.3M | Add +8.2% |
| NEO Neogenomics Inc. | 1.21% | 2,324,366 | $27.3M | Reduce -0.9% |
| MORN Morningstar Inc. | 1.08% | 113,064 | $24.6M | Add +14.0% |
| AAON Aaon Inc. | 0.91% | 271,737 | $20.7M | Add +11.2% |
| STAA Staar Surgical Co. | 0.75% | 739,536 | $17.1M | Reduce -0.5% |
| IPGP Ipg Photonics Corp. | 0.74% | 235,554 | $16.9M | Add +106.4% |
| DXCM Dexcom Inc. | 0.73% | 248,774 | $16.5M | Reduce -30.5% |
| GNTX Gentex Corp. | 0.60% | 579,892 | $13.5M | Reduce -2.9% |
| CGNX Cognex Corp. | 0.58% | 364,373 | $13.1M | Reduce -1.5% |
| TYL Tyler Technologies Inc. | 0.44% | 22,039 | $10.0M | Reduce -4.5% |
| NEOG Neogen Corp. | 0.43% | 1,397,898 | $9.8M | Reduce -16.1% |
| SNPS Synopsys Inc. | 0.42% | 20,436 | $9.6M | Reduce -3.6% |
| MMSI Merit Medical Systems Inc. | 0.36% | 93,083 | $8.2M | Add +6.9% |
| ORLY O'reilly Automotive Inc. | 0.35% | 86,235 | $7.9M | No change |
| HAE Haemonetics Corp. | 0.26% | 74,415 | $6.0M | No change |
| SMMD iShares Russell 2500 ETF | 0.26% | 78,709 | $5.9M | New |
| MPWR Monolithic Power Systems Inc. | 0.26% | 6,488 | $5.9M | Reduce -1.9% |
| PODD Insulet Corp. | 0.24% | 18,890 | $5.4M | Reduce -0.7% |
| ICLR Icon PLC | 0.19% | 23,732 | $4.3M | Reduce -2.8% |
| KRNT Kornit Digital Ltd. | 0.18% | 284,628 | $4.1M | Reduce -72.4% |
| ALRM Alarm.com Holdings Inc. | 0.17% | 73,687 | $3.8M | Reduce -15.9% |
| KWR Quaker Chemical Corporation | 0.16% | 26,146 | $3.6M | Add +66.3% |
| GHM Graham Corp. | 0.13% | 46,803 | $3.0M | Add +15.8% |
| DORM Dorman Products Inc. | 0.11% | 20,407 | $2.5M | Add +0.2% |
| FELE Franklin Electric Co. Inc. | 0.09% | 22,000 | $2.1M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.08% | 2,535 | $1.7M | No change |
| TRMB Trimble Inc. | 0.07% | 19,000 | $1.5M | No change |
| DSGX The Descartes Systems Grp | 0.07% | 16,949 | $1.5M | Add +51.6% |
| VSEC Vse Corp. | 0.06% | 7,523 | $1.3M | Reduce -5.5% |
| HOLX Hologic Inc. | 0.05% | 16,280 | $1.2M | Reduce -31.5% |
| ACIW Aci Worldwide Inc. | 0.04% | 18,410 | $880K | No change |
| BLKB Blackbaud Inc. | 0.04% | 12,930 | $819K | Reduce -6.0% |
| ZBRA Zebra Technologies Corp. Class A | 0.04% | 3,300 | $801K | No change |
| AAPL Apple Inc. | 0.03% | 2,800 | $761K | No change |
| FROG Jfrog Ltd. | 0.03% | 10,945 | $684K | Reduce -4.4% |
| ILMN Illumina Inc. | 0.01% | 2,220 | $291K | No change |
| MRK Merck & Co. Inc. | 0.01% | 2,100 | $221K | New |
| MDY State Street SPDR S&P Midcap | 0.01% | 353 | $213K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| AVAV Aerovironment Inc. | Reduce -10.2% | 6.91% | −2.13 |
| KTOS Kratos Defense & Security | Reduce -18.7% | 5.47% | −1.84 |
| CVLT Commvault Systems Inc. | Reduce -0.1% | 2.95% | −1.07 |
| PAYC Paycom Software Inc. | Sold out | 0.00% | −0.86 |
| TREX Trex Company Inc. | Sold out | 0.00% | −0.58 |
| KRNT Kornit Digital Ltd. | Reduce -72.4% | 0.18% | −0.37 |
| NICE Nice Ltd. - Spon ADR | Reduce -7.0% | 1.45% | −0.35 |
| DXCM Dexcom Inc. | Reduce -30.5% | 0.73% | −0.23 |
| GWRE Guidewire Software Inc. | Reduce -2.0% | 2.89% | −0.15 |
| RMD Resmed Inc. | Reduce -1.3% | 3.26% | −0.13 |
| CGNX Cognex Corp. | Reduce -1.5% | 0.58% | −0.09 |
| GNTX Gentex Corp. | Reduce -2.9% | 0.60% | −0.08 |
| CRNC Cerence Inc. | Reduce -0.9% | 1.25% | −0.08 |
| FDS Factset Research Systems Inc. | Reduce -13.1% | 1.73% | −0.04 |
| STAA Staar Surgical Co. | Reduce -0.5% | 0.75% | −0.04 |
| TYL Tyler Technologies Inc. | Reduce -4.5% | 0.44% | −0.04 |
| ALRM Alarm.com Holdings Inc. | Reduce -15.9% | 0.17% | −0.02 |
| HOLX Hologic Inc. | Reduce -31.5% | 0.05% | −0.01 |
| CYBR Cyberark Software Ltd./Israel | Reduce -2.3% | 6.73% | −0.01 |
| BLKB Blackbaud Inc. | Reduce -6.0% | 0.04% | +0.00 |
| PODD Insulet Corp. | Reduce -0.7% | 0.24% | +0.00 |
| VSEC Vse Corp. | Reduce -5.5% | 0.06% | +0.00 |
| SNPS Synopsys Inc. | Reduce -3.6% | 0.42% | +0.01 |
| FROG Jfrog Ltd. | Reduce -4.4% | 0.03% | +0.01 |
| FTNT Fortinet Inc. | Reduce -3.9% | 3.24% | +0.02 |
| MPWR Monolithic Power Systems Inc. | Reduce -1.9% | 0.26% | +0.02 |
| ICLR Icon PLC | Reduce -2.8% | 0.19% | +0.02 |
| TW Tradeweb Markets Inc. Class A | Reduce -2.7% | 1.23% | +0.05 |
| NEOG Neogen Corp. | Reduce -16.1% | 0.43% | +0.05 |
| NCNO Ncino Inc. | Reduce -0.6% | 2.29% | +0.09 |
| QLYS Qualys Inc. | Reduce -2.1% | 2.37% | +0.19 |
| TECH Bio-Techne Corp. | Reduce -2.0% | 2.44% | +0.31 |
| RAMP Liveramp Holdings Inc. | Reduce -2.5% | 2.43% | +0.35 |
| JKHY Jack Henry & Associates Inc. | Reduce -4.5% | 2.02% | +0.46 |
| MEDP Medpace Holdings Inc. | Reduce -9.8% | 5.56% | +0.46 |
| NEO Neogenomics Inc. | Reduce -0.9% | 1.21% | +0.48 |
| CGNT Cognyte Software Ltd. | Reduce -0.7% | 2.78% | +0.52 |
| RGEN Repligen Corp. | Reduce -0.5% | 2.42% | +0.63 |
| IDXX Idexx Laboratories Inc. | Reduce -1.4% | 5.42% | +0.73 |
| GMED Globus Medical Inc. Class A | Reduce -2.6% | 1.87% | +0.73 |
| RBC RBC Bearings Inc. | Reduce -1.7% | 4.24% | +0.85 |
Portfolio Buys Q3 2025 → Q4 2025
| NOVT Novanta Inc. | Add +74.5% | 2.00% | +1.13 |
| PRLB Proto Labs Inc. | Add +126.0% | 1.41% | +0.85 |
| AZTA Azenta Inc. | Add +23.2% | 1.50% | +0.55 |
| IPGP Ipg Photonics Corp. | Add +106.4% | 0.74% | +0.38 |
| SMMD iShares Russell 2500 ETF | New | 0.26% | +0.26 |
| SEIC Sei Investments Company | Add +1.7% | 2.08% | +0.17 |
| MORN Morningstar Inc. | Add +14.0% | 1.08% | +0.17 |
| KWR Quaker Chemical Corporation | Add +66.3% | 0.16% | +0.08 |
| MMSI Merit Medical Systems Inc. | Add +6.9% | 0.36% | +0.07 |
| GHM Graham Corp. | Add +15.8% | 0.13% | +0.04 |
| SPSC SPS Commerce Inc. | Add +8.2% | 1.21% | +0.03 |
| DSGX The Descartes Systems Grp | Add +51.6% | 0.07% | +0.02 |
| MRK Merck & Co. Inc. | New | 0.01% | +0.01 |
| AAON Aaon Inc. | Add +11.2% | 0.91% | +0.00 |
| DORM Dorman Products Inc. | Add +0.2% | 0.11% | −0.02 |
| MANH Manhattan Associates Inc. | Add +1.5% | 2.81% | −0.15 |
| CSGP Costar Group Inc. | Add +4.0% | 2.45% | −0.22 |
| VEEV Veeva Systems Inc. Class A | Add +0.1% | 2.19% | −0.45 |
| VRNS Varonis Systems Inc. | Add +10.0% | 2.18% | −0.96 |
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 |