Brown Capital Management LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Brown Capital Management LLC reported 133 stock positions worth $4.6 billion. Its top holding was Guidewire Software (GWRE) at 5.1% of the portfolio, followed by Manhattan Associates (MANH, 5.1%) and Tyler Technologies (TYL, 4.7%). Compared with Q2 2024, it opened 5 new positions, sold out of 2, added to 8 and reduced 93. The biggest buy was a new position in Rxsight (RXST) and the biggest sale Datadog Class A (DDOG, shares −13%).

Most Recent 13F
Q2 2026
Location
BALTIMORE, MD
CIK
0000885062
Portfolio Value
$4.6B (Q3 2024)
SEC Filing
0001398344-24-020402 ↗ filed Nov 12, 2024

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $5.7B Q1 2024 Q2 2024: $4.9B Q2 2024 Q3 2024: $4.6B $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 · $4.6B
GWRE Guidewire Software Inc. 5.14% 1,306,417 $239.0M Reduce -27.7%
MANH Manhattan Associates Inc. 5.11% 843,615 $237.4M Reduce -16.1%
TYL Tyler Technologies Inc. 4.69% 373,384 $218.0M Reduce -19.5%
GKOS Glaukos Corp. 4.58% 1,634,591 $213.0M Reduce -13.9%
CYBR Cyberark Software Ltd./Israel 4.39% 699,628 $204.0M Reduce -2.2%
SMAR Smartsheet Inc. Class A 4.18% 3,512,862 $194.5M Reduce -13.9%
DDOG Datadog Inc. Class A 4.09% 1,650,741 $189.9M Reduce -12.7%
APPF Appfolio Inc. Class A 4.08% 804,645 $189.4M Reduce -11.6%
VEEV Veeva Systems Inc. Class A 3.91% 865,767 $181.7M Reduce -16.1%
TECH Bio-Techne Corp. 3.63% 2,110,214 $168.7M Reduce -13.1%
RGEN Repligen Corp. 3.59% 1,119,579 $166.6M Reduce -13.5%
VCEL Vericel Corp. 3.48% 3,826,058 $161.7M Reduce -13.4%
QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC 3.42% 1,991,583 $158.9M Reduce -15.6%
ALRM Alarm.com Holdings Inc. 3.30% 2,803,880 $153.3M Reduce -12.4%
ANSS Ansys Inc. 3.15% 458,964 $146.2M Reduce -16.4%
CGNX Cognex Corp. 2.73% 3,135,395 $127.0M Reduce -12.3%
PAYC Paycom Software Inc. 2.66% 743,028 $123.8M Reduce -13.5%
HLIO Helios Technologies Inc. 1.86% 1,813,404 $86.5M Reduce -8.5%
XMTR Xometry Inc. Class A 1.77% 4,471,372 $82.1M Reduce -8.8%
NCNO Ncino Inc. 1.65% 2,431,041 $76.8M Reduce -14.2%
AGYS Agilysys Inc. 1.60% 683,661 $74.5M Reduce -9.2%
INSP Inspire Medical Systems Inc. 1.59% 350,461 $74.0M Reduce -14.1%
WK Workiva Inc. 1.56% 913,726 $72.3M Reduce -10.6%
GLBE Global-E Online Ltd. 1.53% 1,847,060 $71.0M Reduce -3.7%
ENFN Enfusion Inc. Class A 1.47% 7,208,596 $68.4M Reduce -15.9%
FLUT Flutter Entertainment PLC-Di 1.38% 269,783 $64.0M Add +0.3%
ERII Energy Recovery Inc. 1.31% 3,508,769 $61.0M Reduce -8.2%
KIDS Orthopediatrics Corp. 1.31% 2,241,920 $60.8M Reduce -13.6%
CWAN Clearwater Analytics HDS-A 1.29% 2,373,609 $59.9M Reduce -19.3%
MELI MercadoLibre Inc. 1.16% 26,194 $53.7M Add +2.4%
CTKB Cytek Biosciences Inc. 1.13% 9,493,474 $52.6M Reduce -16.6%
ICLR Icon PLC 1.10% 177,884 $51.1M Add +2.1%
TXG 10X Genomics Inc. Class A 1.07% 2,195,319 $49.6M Reduce -11.6%
OLO Olo Inc. Class A 1.00% 9,400,372 $46.6M Reduce -13.7%
CYRX Cryoport Inc. 0.90% 5,151,420 $41.8M Reduce -16.7%
VICR Vicor Corp. 0.86% 952,763 $40.1M Reduce -10.6%
SHOP Shopify Inc. Class A 0.83% 478,449 $38.3M Reduce -6.5%
TNDM Tandem Diabetes Care Inc. 0.67% 739,096 $31.3M Reduce -19.2%
MNDY Monday.com Ltd. 0.66% 110,720 $30.8M Add +2.4%
DV Doubleverify Holdings Inc. 0.64% 1,762,674 $29.7M Add +0.5%
RXST Rxsight Inc. 0.58% 542,437 $26.8M New
VERX Vertex Inc. Class A 0.45% 543,699 $20.9M New
TEAM Atlassian Corp. Class A 0.40% 116,505 $18.5M Add +2.4%
NARI Inari Medical Inc. 0.37% 420,879 $17.4M Reduce -13.2%
PRO Pros Holdings Inc. 0.36% 896,481 $16.6M Reduce -23.2%
UFPT Ufp Technologies Inc. 0.33% 48,768 $15.4M Reduce -9.4%
INGN Inogen Inc. 0.33% 1,558,458 $15.1M Reduce -20.1%
CHKP Check Point Software Tech 0.32% 76,357 $14.7M Add +1.7%
AAPL Apple Inc. 0.21% 42,104 $9.8M Reduce -2.1%
MSFT Microsoft Corp. 0.17% 18,174 $7.8M Reduce -0.4%
GOOGL Alphabet Inc. Class A 0.15% 41,998 $7.0M Reduce -0.6%
AMZN Amazon.com Inc. 0.10% 25,397 $4.7M Reduce -0.6%
TSCO Tractor Supply Company 0.09% 14,905 $4.3M Reduce -11.4%
META Meta Platforms Inc. Class A 0.09% 6,968 $4.0M Reduce -1.0%
HD Home Depot Inc. 0.08% 8,901 $3.6M Reduce -0.1%
MA Mastercard Inc. Class A 0.07% 6,667 $3.3M Reduce -0.3%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.05% 22,551 $2.5M Reduce -12.6%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.05% 2,340 $2.4M Reduce -6.4%
CMG Chipotle Mexican Grill Inc. 0.05% 41,697 $2.4M Reduce -51.0%
HUBS HubSpot Inc. 0.05% 4,376 $2.3M Reduce -54.4%
BR Broadridge Financial Solutio 0.05% 10,475 $2.3M Reduce -57.9%
ADSK Autodesk Inc. 0.04% 7,348 $2.0M Reduce -63.7%
ECL Ecolab Inc. 0.04% 7,299 $1.9M Reduce -0.5%
PODD Insulet Corp. 0.04% 7,806 $1.8M Reduce -58.8%
ALGN Align Technology Inc. 0.03% 6,201 $1.6M Reduce -79.5%
ADP Automatic Data Processing 0.03% 5,658 $1.6M No change
NVDA Nvidia Corp. 0.03% 12,419 $1.5M Reduce -1.2%
MCD McDonald's Corp. 0.03% 4,665 $1.4M Reduce -3.7%
EFX Equifax Inc. 0.03% 4,655 $1.4M Reduce -69.2%
CRL Charles River Laboratories 0.03% 6,546 $1.3M Reduce -67.4%
CPAY Corpay Inc. 0.03% 4,038 $1.3M Reduce -75.3%
FISV Fiserv Inc. 0.03% 6,989 $1.3M Reduce -0.8%
PEP Pepsico Inc. 0.03% 6,917 $1.2M No change
ABBV Abbvie Inc. 0.03% 5,953 $1.2M No change
FAST Fastenal Co. 0.03% 16,421 $1.2M Reduce -22.6%
DKS Dick's Sporting Goods Inc. 0.02% 5,475 $1.1M Reduce -0.5%
ADBE Adobe Inc. 0.02% 2,178 $1.1M Reduce -0.8%
BFAM Bright Horizons Family Solut 0.02% 7,822 $1.1M Reduce -50.0%
EW Edwards Lifesciences Corp. 0.02% 16,510 $1.1M Reduce -53.1%
BSY Bentley Systems Inc. Class B 0.02% 21,121 $1.1M Reduce -73.3%
RBC RBC Bearings Inc. 0.02% 3,504 $1.0M Reduce -74.2%
FICO Fair Isaac Corp. 0.02% 538 $1.0M Reduce -64.4%
WEC WEC Energy Group Inc. 0.02% 10,726 $1.0M Reduce -1.3%
ORLY O'reilly Automotive Inc. 0.02% 889 $1.0M Reduce -27.4%
V Visa Inc. Class A 0.02% 3,661 $1.0M No change
ORCL Oracle Corp. 0.02% 5,895 $1.0M No change
CRM Salesforce Inc. 0.02% 3,517 $963K Reduce -0.8%
JPM JPMorgan Chase & Co. 0.02% 4,455 $939K Reduce -0.4%
UPS United Parcel Service Class B 0.02% 6,656 $907K No change
PG The Procter & Gamble Co. 0.02% 5,170 $895K No change
ABT Abbott Laboratories 0.02% 7,846 $895K Reduce -1.9%
ENTG Entegris Inc. 0.02% 7,820 $880K Reduce -69.7%
ITW Illinois Tool Works 0.02% 3,352 $878K No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.02% 4,794 $846K Reduce -67.9%
SITE Siteone Landscape Supply Inc. 0.02% 5,388 $813K Reduce -64.4%
SYY Sysco Corp. 0.02% 10,305 $804K No change
SBUX Starbucks Corp. 0.02% 7,952 $775K No change
SSD Simpson Manufacturing Co. Inc. 0.01% 3,480 $666K Reduce -78.6%
DXCM Dexcom Inc. 0.01% 9,070 $608K Reduce -69.3%
MASI Masimo Corp. 0.01% 4,404 $587K Reduce -83.6%
MKTX Marketaxess Holdings Inc. 0.01% 2,037 $522K Reduce -72.0%
ZTS Zoetis Inc. 0.01% 2,644 $517K Reduce -34.3%
PWR Quanta Services Inc. 0.01% 1,640 $489K No change
ULTA Ulta Beauty Inc. 0.01% 1,217 $474K Reduce -62.4%
TGT Target Corp. 0.01% 2,888 $450K No change
TXN Texas Instruments Inc. 0.01% 2,161 $446K Add +22.7%
SCHW Schwab (charles) Corp. 0.01% 6,648 $431K Reduce -3.3%
YORW York Water Co. filed as YORK WTR CO 0.01% 11,250 $421K No change
UNH Unitedhealth Group Inc. 0.01% 706 $413K Reduce -2.2%
OMCL Omnicell Inc. 0.01% 9,261 $404K Reduce -79.9%
JNJ Johnson & Johnson 0.01% 2,437 $395K No change
MS Morgan Stanley 0.01% 3,773 $393K Reduce -7.1%
MRK Merck & Co. Inc. 0.01% 3,424 $389K No change
EXPE Expedia Group Inc. 0.01% 2,534 $375K Reduce -6.2%
NTRA Natera Inc. 0.01% 2,894 $367K Reduce -73.3%
BKNG Booking Holdings Inc. 0.01% 87 $366K Reduce -1.1%
APD Air Products & Chemicals Inc. 0.01% 1,196 $356K No change
HRB H&R Block Inc. filed as BLOCK H & R INC 0.01% 5,585 $355K No change
LLY Eli Lilly & Co. 0.01% 399 $353K No change
DRI Darden Restaurants Inc. 0.01% 2,003 $329K No change
DHR Danaher Corp. 0.01% 1,127 $313K No change
PAYX Paychex Inc. 0.01% 2,292 $308K No change
GIS General Mills Inc. 0.01% 3,896 $288K No change
SNA Snap-on Inc. 0.01% 979 $284K No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.01% 1,583 $282K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 2,318 $272K No change
FIVN FIVE9 Inc. 0.01% 9,278 $267K Reduce -75.1%
BOH Bank of Hawaii Corp. filed as BANK HAWAII CORP 0.01% 4,195 $263K No change
BX Blackstone Inc. 0.01% 1,712 $262K No change
ENV Envestnet Inc. 0.01% 3,867 $242K Reduce -75.7%
PHM Pultegroup Inc. 0.01% 1,674 $240K New
PM Philip Morris International 0.00% 1,770 $215K New
CSCO Cisco Systems Inc. 0.00% 3,880 $206K New

Portfolio Sells Q2 2024 → Q3 2024
DDOG Datadog Inc. Class A Reduce -12.7% 4.09% −0.87
ALRM Alarm.com Holdings Inc. Reduce -12.4% 3.30% −0.81
CGNX Cognex Corp. Reduce -12.3% 2.73% −0.64
VCEL Vericel Corp. Reduce -13.4% 3.48% −0.62
MBLY Mobileye Global Inc. Class A Sold out 0.00% −0.49
APPF Appfolio Inc. Class A Reduce -11.6% 4.08% −0.42
ANSS Ansys Inc. Reduce -16.4% 3.15% −0.42
IRWD Ironwood Pharmaceuticals Inc. Sold out 0.00% −0.34
PRO Pros Holdings Inc. Reduce -23.2% 0.36% −0.32
KIDS Orthopediatrics Corp. Reduce -13.6% 1.31% −0.20
CTKB Cytek Biosciences Inc. Reduce -16.6% 1.13% −0.15
NCNO Ncino Inc. Reduce -14.2% 1.65% −0.15
ALGN Align Technology Inc. Reduce -79.5% 0.03% −0.11
NARI Inari Medical Inc. Reduce -13.2% 0.37% −0.10
TNDM Tandem Diabetes Care Inc. Reduce -19.2% 0.67% −0.07
HUBS HubSpot Inc. Reduce -54.4% 0.05% −0.06
CPAY Corpay Inc. Reduce -75.3% 0.03% −0.06
ADSK Autodesk Inc. Reduce -63.7% 0.04% −0.06
CRL Charles River Laboratories Reduce -67.4% 0.03% −0.06
CMG Chipotle Mexican Grill Inc. Reduce -51.0% 0.05% −0.06
BSY Bentley Systems Inc. Class B Reduce -73.3% 0.02% −0.06
MASI Masimo Corp. Reduce -83.6% 0.01% −0.06
DXCM Dexcom Inc. Reduce -69.3% 0.01% −0.05
ENTG Entegris Inc. Reduce -69.7% 0.02% −0.05
HLIO Helios Technologies Inc. Reduce -8.5% 1.86% −0.05
RBC RBC Bearings Inc. Reduce -74.2% 0.02% −0.05
BR Broadridge Financial Solutio Reduce -57.9% 0.05% −0.05
EFX Equifax Inc. Reduce -69.2% 0.03% −0.04
EW Edwards Lifesciences Corp. Reduce -53.1% 0.02% −0.04
SSD Simpson Manufacturing Co. Inc. Reduce -78.6% 0.01% −0.04
PODD Insulet Corp. Reduce -58.8% 0.04% −0.04
JKHY Jack Henry & Associates Inc. Reduce -67.9% 0.02% −0.03
FIVN FIVE9 Inc. Reduce -75.1% 0.01% −0.03
TYL Tyler Technologies Inc. Reduce -19.5% 4.69% −0.02
FICO Fair Isaac Corp. Reduce -64.4% 0.02% −0.02
SITE Siteone Landscape Supply Inc. Reduce -64.4% 0.02% −0.02
MKTX Marketaxess Holdings Inc. Reduce -72.0% 0.01% −0.02
OMCL Omnicell Inc. Reduce -79.9% 0.01% −0.02
NTRA Natera Inc. Reduce -73.3% 0.01% −0.02
ULTA Ulta Beauty Inc. Reduce -62.4% 0.01% −0.01
ENV Envestnet Inc. Reduce -75.7% 0.01% −0.01
BFAM Bright Horizons Family Solut Reduce -50.0% 0.02% −0.01
TROW T Rowe Price Group Inc. Reduce -12.6% 0.05% −0.01
GOOGL Alphabet Inc. Class A Reduce -0.6% 0.15% −0.01
ORLY O'reilly Automotive Inc. Reduce -27.4% 0.02% −0.00
ENFN Enfusion Inc. Class A Reduce -15.9% 1.47% −0.00
ZTS Zoetis Inc. Reduce -34.3% 0.01% −0.00
FAST Fastenal Co. Reduce -22.6% 0.03% −0.00
SCHW Schwab (charles) Corp. Reduce -3.3% 0.01% −0.00
ADBE Adobe Inc. Reduce -0.8% 0.02% −0.00

Portfolio Buys Q2 2024 → Q3 2024
RXST Rxsight Inc. New 0.58% +0.58
VERX Vertex Inc. Class A New 0.45% +0.45
FLUT Flutter Entertainment PLC-Di Add +0.3% 1.38% +0.39
MELI MercadoLibre Inc. Add +2.4% 1.16% +0.31
MNDY Monday.com Ltd. Add +2.4% 0.66% +0.14
CHKP Check Point Software Tech Add +1.7% 0.32% +0.07
PHM Pultegroup Inc. New 0.01% +0.01
PM Philip Morris International New 0.00% +0.00
CSCO Cisco Systems Inc. New 0.00% +0.00
TXN Texas Instruments Inc. Add +22.7% 0.01% +0.00
ICLR Icon PLC Add +2.1% 1.10% −0.00
TEAM Atlassian Corp. Class A Add +2.4% 0.40% −0.01
DV Doubleverify Holdings Inc. Add +0.5% 0.64% −0.05

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