Brown Capital Management LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Brown Capital Management LLC reported 133 stock positions worth $5.7 billion. Its top holding was Appfolio Class A (APPF) at 5.0% of the portfolio, followed by Manhattan Associates (MANH, 4.9%) and Veeva Systems Class A (VEEV, 4.8%). Compared with Q4 2023, it opened 9 new positions, sold out of 4, added to 8 and reduced 77. The biggest buy was a new position in Global-E Online (GLBE) and the biggest sale Xometry Class A (XMTR, shares −12%).

Most Recent 13F
Q2 2026
Location
BALTIMORE, MD
CIK
0000885062
Portfolio Value
$5.7B (Q1 2024)
SEC Filing
0001398344-24-009611 ↗ filed May 15, 2024

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $5.7B $5.7B Q1 2024 Q2 2024: $4.9B Q2 2024 Q3 2024: $4.6B Q3 2024 Q4 2024: $4.3B Q4 2024 Q1 2025: $3.3B Q1 2025 Q2 2025: $3.4B Q2 2025 Q3 2025: $2.4B Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $704.0M Q1 2026 Q2 2026: $500.2M Q2 2026

Holdings 133 stocks · $5.7B
APPF Appfolio Inc. Class A 4.96% 1,135,932 $280.3M Reduce -28.4%
MANH Manhattan Associates Inc. 4.88% 1,102,031 $275.8M Reduce -15.6%
VEEV Veeva Systems Inc. Class A 4.77% 1,164,017 $269.7M Reduce -23.9%
DDOG Datadog Inc. Class A 4.57% 2,090,393 $258.4M Reduce -16.7%
VCEL Vericel Corp. 4.56% 4,950,943 $257.5M Reduce -27.4%
ALRM Alarm.com Holdings Inc. 4.42% 3,445,419 $249.7M Reduce -23.3%
GWRE Guidewire Software Inc. 4.30% 2,080,553 $242.8M Reduce -23.7%
TYL Tyler Technologies Inc. 3.97% 528,076 $224.4M Reduce -16.1%
RGEN Repligen Corp. 3.76% 1,154,635 $212.4M Reduce -24.3%
ANSS Ansys Inc. 3.66% 595,903 $206.9M Reduce -26.5%
GKOS Glaukos Corp. 3.56% 2,132,847 $201.1M Reduce -20.9%
CYBR Cyberark Software Ltd./Israel 3.50% 743,439 $197.5M Reduce -19.0%
PAYC Paycom Software Inc. 3.38% 958,300 $190.7M Reduce -13.4%
TECH Bio-Techne Corp. 3.20% 2,567,180 $180.7M Reduce -27.7%
SMAR Smartsheet Inc. Class A 3.07% 4,498,959 $173.2M Reduce -28.7%
CGNX Cognex Corp. 2.89% 3,850,002 $163.3M Reduce -29.0%
QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC 2.39% 2,565,647 $134.9M Add +0.4%
CYRX Cryoport Inc. 2.05% 6,557,809 $116.1M Reduce -2.9%
NCNO Ncino Inc. 2.01% 3,045,377 $113.8M Reduce -24.2%
HLIO Helios Technologies Inc. 1.78% 2,250,288 $100.6M Reduce -27.7%
TXG 10X Genomics Inc. Class A 1.78% 2,674,847 $100.4M Reduce -24.2%
ENFN Enfusion Inc. Class A 1.63% 9,975,601 $92.3M Reduce -15.6%
WK Workiva Inc. 1.58% 1,054,680 $89.4M Reduce -17.1%
XMTR Xometry Inc. Class A 1.57% 5,257,795 $88.8M Reduce -11.9%
KIDS Orthopediatrics Corp. 1.44% 2,791,703 $81.4M Reduce -15.9%
CTKB Cytek Biosciences Inc. 1.43% 12,022,014 $80.7M Add +0.1%
GLBE Global-E Online Ltd. 1.23% 1,907,907 $69.4M New
DV Doubleverify Holdings Inc. 1.18% 1,894,419 $66.6M Reduce -15.3%
OLO Olo Inc. Class A 1.17% 12,037,551 $66.1M Reduce -5.5%
ERII Energy Recovery Inc. 1.17% 4,183,804 $66.1M Reduce -4.0%
ICLR Icon PLC 1.03% 174,035 $58.5M Reduce -7.9%
CWAN Clearwater Analytics HDS-A 1.00% 3,182,869 $56.3M Reduce -10.0%
FLUT Flutter Entertainment PLC-Di 0.94% 269,269 $53.2M New
PRO Pros Holdings Inc. 0.87% 1,358,664 $49.4M Reduce -29.8%
NEOG Neogen Corp. 0.80% 2,877,283 $45.4M Reduce -15.1%
VICR Vicor Corp. 0.77% 1,141,417 $43.6M Reduce -25.6%
SHOP Shopify Inc. Class A 0.70% 515,624 $39.8M Reduce -0.1%
MELI MercadoLibre Inc. 0.68% 25,397 $38.4M Reduce -0.1%
TNDM Tandem Diabetes Care Inc. 0.60% 954,567 $33.8M Add +29.9%
MBLY Mobileye Global Inc. Class A 0.49% 861,516 $27.7M New
NARI Inari Medical Inc. 0.44% 522,422 $25.1M Add +4.2%
MNDY Monday.com Ltd. 0.43% 106,458 $24.0M New
IRWD Ironwood Pharmaceuticals Inc. 0.42% 2,700,705 $23.5M Reduce -27.2%
SWAV Shockwave Medical Inc. 0.40% 70,073 $22.8M Add +2.5%
TEAM Atlassian Corp. Class A 0.40% 115,334 $22.5M Reduce -0.1%
INSP Inspire Medical Systems Inc. 0.30% 78,399 $16.8M New
INGN Inogen Inc. 0.28% 1,975,312 $15.9M Add +26.6%
CHKP Check Point Software Tech 0.23% 77,989 $12.8M Reduce -0.2%
ALGN Align Technology Inc. 0.17% 29,257 $9.6M Reduce -0.7%
AAPL Apple Inc. 0.16% 51,669 $8.9M Reduce -1.8%
MSFT Microsoft Corp. 0.16% 20,989 $8.8M Reduce -2.6%
GOOGL Alphabet Inc. Class A 0.13% 48,521 $7.3M Reduce -0.2%
HUBS HubSpot Inc. 0.11% 10,194 $6.4M Reduce -0.8%
CRL Charles River Laboratories 0.11% 22,964 $6.2M Reduce -0.8%
AGYS Agilysys Inc. 0.11% 71,852 $6.1M New
ADSK Autodesk Inc. 0.10% 20,857 $5.4M Reduce -0.9%
BR Broadridge Financial Solutio 0.09% 25,148 $5.2M Reduce -1.0%
CPAY Corpay Inc. 0.09% 16,498 $5.1M Reduce -0.9%
CMG Chipotle Mexican Grill Inc. 0.09% 1,711 $5.0M Reduce -1.0%
AMZN Amazon.com Inc. 0.09% 26,995 $4.9M Add +2.8%
DXCM Dexcom Inc. 0.08% 33,799 $4.7M Reduce -0.9%
TSCO Tractor Supply Company 0.08% 17,343 $4.5M Reduce -0.3%
META Meta Platforms Inc. Class A 0.08% 8,945 $4.3M Reduce -5.8%
BSY Bentley Systems Inc. Class B 0.07% 79,534 $4.2M Reduce -1.1%
ACWX iShares MSCI Acwi Ex US ETF 0.07% 77,388 $4.1M New
EFX Equifax Inc. 0.07% 15,221 $4.1M Reduce -1.1%
MASI Masimo Corp. 0.07% 26,844 $3.9M Reduce -0.5%
RBC RBC Bearings Inc. 0.07% 13,700 $3.7M Reduce -1.0%
MA Mastercard Inc. Class A 0.06% 7,346 $3.5M Reduce -1.0%
HD Home Depot Inc. 0.06% 9,079 $3.5M No change
ENTG Entegris Inc. 0.06% 24,358 $3.4M Reduce -1.0%
PODD Insulet Corp. 0.06% 19,767 $3.4M Add +22.5%
EW Edwards Lifesciences Corp. 0.06% 35,296 $3.4M Reduce -0.7%
SSD Simpson Manufacturing Co. Inc. 0.06% 16,353 $3.4M Reduce -0.8%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.06% 26,763 $3.3M Reduce -0.2%
SITE Siteone Landscape Supply Inc. 0.05% 15,273 $2.7M Reduce -0.7%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.05% 15,033 $2.6M Reduce -0.6%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.04% 2,500 $2.5M No change
BFAM Bright Horizons Family Solut 0.04% 22,172 $2.5M Reduce -33.5%
FIVN FIVE9 Inc. 0.04% 37,470 $2.3M Reduce -1.0%
ULTA Ulta Beauty Inc. 0.03% 3,678 $1.9M Reduce -0.9%
ECL Ecolab Inc. 0.03% 8,009 $1.8M Reduce -4.2%
FAST Fastenal Co. 0.03% 21,558 $1.7M Reduce -15.2%
MKTX Marketaxess Holdings Inc. 0.03% 7,338 $1.6M Reduce -1.0%
ADP Automatic Data Processing 0.03% 5,908 $1.5M No change
ORLY O'reilly Automotive Inc. 0.02% 1,243 $1.4M Reduce -17.3%
MCD McDonald's Corp. 0.02% 4,953 $1.4M No change
OMCL Omnicell Inc. 0.02% 46,396 $1.4M Reduce -0.8%
ADBE Adobe Inc. 0.02% 2,601 $1.3M No change
DKS Dick's Sporting Goods Inc. 0.02% 5,500 $1.2M No change
PEP Pepsico Inc. 0.02% 6,665 $1.2M No change
FICO Fair Isaac Corp. 0.02% 911 $1.1M New
FISV Fiserv Inc. 0.02% 7,034 $1.1M No change
ABBV Abbvie Inc. 0.02% 6,043 $1.1M No change
CRM Salesforce Inc. 0.02% 3,601 $1.1M No change
ORCL Oracle Corp. 0.02% 8,540 $1.1M No change
ABT Abbott Laboratories 0.02% 9,315 $1.1M No change
V Visa Inc. Class A 0.02% 3,667 $1.0M No change
UPS United Parcel Service Class B 0.02% 6,312 $938K No change
JPM JPMorgan Chase & Co. 0.02% 4,639 $929K Reduce -0.4%

Show all 133 holdings

Portfolio Sells Q4 2023 → Q1 2024
XMTR Xometry Inc. Class A Reduce -11.9% 1.57% −1.64
SMAR Smartsheet Inc. Class A Reduce -28.7% 3.07% −1.46
TXG 10X Genomics Inc. Class A Reduce -24.2% 1.78% −1.19
TECH Bio-Techne Corp. Reduce -27.7% 3.20% −0.91
ANSS Ansys Inc. Reduce -26.5% 3.66% −0.75
CGNX Cognex Corp. Reduce -29.0% 2.89% −0.50
RGEN Repligen Corp. Reduce -24.3% 3.76% −0.36
WK Workiva Inc. Reduce -17.1% 1.58% −0.35
QDEL Quidelortho Corp. Sold out 0.00% −0.34
HLIO Helios Technologies Inc. Reduce -27.7% 1.78% −0.34
AYX Alteryx Inc. Class A Sold out 0.00% −0.30
VICR Vicor Corp. Reduce -25.6% 0.77% −0.26
PRO Pros Holdings Inc. Reduce -29.8% 0.87% −0.25
IRWD Ironwood Pharmaceuticals Inc. Reduce -27.2% 0.42% −0.22
NEOG Neogen Corp. Reduce -15.1% 0.80% −0.22
ESMT Engagesmart Inc. Sold out 0.00% −0.22
KIDS Orthopediatrics Corp. Reduce -15.9% 1.44% −0.18
GWRE Guidewire Software Inc. Reduce -23.7% 4.30% −0.16
ENFN Enfusion Inc. Class A Reduce -15.6% 1.63% −0.09
CWAN Clearwater Analytics HDS-A Reduce -10.0% 1.00% −0.07
ERII Energy Recovery Inc. Reduce -4.0% 1.17% −0.06
DV Doubleverify Holdings Inc. Reduce -15.3% 1.18% −0.06
PAYC Paycom Software Inc. Reduce -13.4% 3.38% −0.06
TEAM Atlassian Corp. Class A Reduce -0.1% 0.40% −0.01
NCNO Ncino Inc. Reduce -24.2% 2.01% −0.01
EXPE Expedia Group Inc. Reduce -54.8% 0.01% −0.01
PM Philip Morris International Sold out 0.00% −0.01
MKTX Marketaxess Holdings Inc. Reduce -1.0% 0.03% −0.00
FIVN FIVE9 Inc. Reduce -1.0% 0.04% −0.00
BFAM Bright Horizons Family Solut Reduce -33.5% 0.04% −0.00
OMCL Omnicell Inc. Reduce -0.8% 0.02% −0.00
ZTS Zoetis Inc. Reduce -1.7% 0.01% −0.00
DDOG Datadog Inc. Class A Reduce -16.7% 4.57% +0.00
JAZZ Jazz Pharmaceuticals PLC Reduce -2.1% 0.00% +0.00
MS Morgan Stanley Reduce -0.7% 0.01% +0.00
SCHW Schwab (charles) Corp. Reduce -5.0% 0.01% +0.00
PWR Quanta Services Inc. Reduce -3.0% 0.01% +0.00
ORLY O'reilly Automotive Inc. Reduce -17.3% 0.02% +0.00
ENV Envestnet Inc. Reduce -0.9% 0.02% +0.00
JPM JPMorgan Chase & Co. Reduce -0.4% 0.02% +0.00
FAST Fastenal Co. Reduce -15.2% 0.03% +0.00
AAPL Apple Inc. Reduce -1.8% 0.16% +0.00
RBC RBC Bearings Inc. Reduce -1.0% 0.07% +0.01
ULTA Ulta Beauty Inc. Reduce -0.9% 0.03% +0.01
ECL Ecolab Inc. Reduce -4.2% 0.03% +0.01
JKHY Jack Henry & Associates Inc. Reduce -0.6% 0.05% +0.01
SITE Siteone Landscape Supply Inc. Reduce -0.7% 0.05% +0.01
SSD Simpson Manufacturing Co. Inc. Reduce -0.8% 0.06% +0.01
BSY Bentley Systems Inc. Class B Reduce -1.1% 0.07% +0.01
BR Broadridge Financial Solutio Reduce -1.0% 0.09% +0.01

Portfolio Buys Q4 2023 → Q1 2024
GLBE Global-E Online Ltd. New 1.23% +1.23
FLUT Flutter Entertainment PLC-Di New 0.94% +0.94
QTWO Q2 Holdings Inc. Add +0.4% 2.39% +0.72
MBLY Mobileye Global Inc. Class A New 0.49% +0.49
MNDY Monday.com Ltd. New 0.43% +0.43
INSP Inspire Medical Systems Inc. New 0.30% +0.30
TNDM Tandem Diabetes Care Inc. Add +29.9% 0.60% +0.27
SWAV Shockwave Medical Inc. Add +2.5% 0.40% +0.21
INGN Inogen Inc. Add +26.6% 0.28% +0.15
AGYS Agilysys Inc. New 0.11% +0.11
ACWX iShares MSCI Acwi Ex US ETF New 0.07% +0.07
AMZN Amazon.com Inc. Add +2.8% 0.09% +0.03
FICO Fair Isaac Corp. New 0.02% +0.02
PODD Insulet Corp. Add +22.5% 0.06% +0.01
IBM Intl Business Machines Corp. New 0.00% +0.00
NARI Inari Medical Inc. Add +4.2% 0.44% −0.04
CTKB Cytek Biosciences Inc. Add +0.1% 1.43% −0.22

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 54$500.2MCAMT, CGNX, DDOG, XMTR, GLBE
Q1 2026 56$704.0MCAMT, GLBE, CLBT, GKOS, MELI
Q4 2025 55$1.2BCAMT, GLBE, CYBR, RGEN, XMTR
Q3 2025 54$2.4BCYBR, CAMT, VEEV, DDOG, GWRE
Q2 2025 83$3.4BCYBR, VEEV, GWRE, DDOG, TYL
Q1 2025 105$3.3BCYBR, VEEV, TYL, GWRE, APPF
Q4 2024 118$4.3BCYBR, GKOS, DDOG, MANH, VCEL
Q3 2024 133$4.6BGWRE, MANH, TYL, GKOS, CYBR
Q2 2024 130$4.9BGWRE, MANH, DDOG, TYL, GKOS
Q1 2024 133$5.7BAPPF, MANH, VEEV, DDOG, VCEL