Brown Capital Management LLC

Name: BROWN CAPITAL MANAGEMENT LLC 13F holdings, Q4 2024
Creator: BROWN CAPITAL MANAGEMENT LLC
Published: 2025-02-14

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Brown Capital Management LLC reported 118 stock positions worth $4.3 billion. Its top holding was Cyberark Software Ltd./Israel (CYBR) at 4.9% of the portfolio, followed by Glaukos (GKOS, 4.7%) and Datadog Class A (DDOG, 4.5%). Compared with Q3 2024, it opened 3 new positions, sold out of 18, added to 19 and reduced 85. The biggest buy was a new position in Camtek (CAMT) and the biggest sale Smartsheet Class A (SMAR, shares −72%).

Most Recent 13F: Q2 2026
Location: BALTIMORE, MD
CIK: 0000885062
Portfolio Value: $4.3B (Q4 2024)
SEC Filing: 0001398344-25-002849 ↗ filed Feb 14, 2025

Holdings Value

Holdings 118 stocks · $4.3B


CYBR Cyberark Software Ltd./Israel	4.86%	629,067	$209.6M	Reduce -10.1%
GKOS Glaukos Corp.	4.68%	1,347,857	$202.1M	Reduce -17.5%
DDOG Datadog Inc. Class A	4.49%	1,357,006	$193.9M	Reduce -17.8%
MANH Manhattan Associates Inc.	4.24%	677,847	$183.2M	Reduce -19.6%
VCEL Vericel Corp.	4.12%	3,235,731	$177.7M	Reduce -15.4%
TYL Tyler Technologies Inc.	4.08%	305,554	$176.2M	Reduce -18.2%
GWRE Guidewire Software Inc.	4.04%	1,034,105	$174.3M	Reduce -20.8%
APPF Appfolio Inc. Class A	3.90%	682,033	$168.3M	Reduce -15.2%
VEEV Veeva Systems Inc. Class A	3.58%	734,339	$154.4M	Reduce -15.2%
XMTR Xometry Inc. Class A	3.41%	3,446,223	$147.0M	Reduce -22.9%
ALRM Alarm.com Holdings Inc.	3.37%	2,392,630	$145.5M	Reduce -14.7%
QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC	3.31%	1,418,348	$142.8M	Reduce -28.8%
RGEN Repligen Corp.	3.19%	954,940	$137.5M	Reduce -14.7%
TECH Bio-Techne Corp.	3.08%	1,847,722	$133.1M	Reduce -12.4%
ANSS Ansys Inc.	3.02%	385,738	$130.1M	Reduce -15.9%
PAYC Paycom Software Inc.	2.83%	596,439	$122.3M	Reduce -19.7%
GLBE Global-E Online Ltd.	2.32%	1,838,882	$100.3M	Reduce -0.4%
CGNX Cognex Corp.	2.20%	2,644,924	$94.8M	Reduce -15.6%
CAMT Camtek Ltd.	2.01%	1,071,348	$86.5M	New
WK Workiva Inc.	1.96%	771,962	$84.5M	Reduce -15.5%
AGYS Agilysys Inc.	1.89%	618,956	$81.5M	Reduce -9.5%
NCNO Ncino Inc.	1.83%	2,349,050	$78.9M	Reduce -3.4%
ENFN Enfusion Inc. Class A	1.71%	7,147,530	$73.6M	Reduce -0.8%
FLUT Flutter Entertainment PLC-Di	1.63%	271,646	$70.2M	Add +0.7%
HLIO Helios Technologies Inc.	1.58%	1,530,748	$68.3M	Reduce -15.6%
OLO Olo Inc. Class A	1.43%	8,022,158	$61.6M	Reduce -14.7%
CWAN Clearwater Analytics HDS-A	1.41%	2,210,465	$60.8M	Reduce -6.9%
INSP Inspire Medical Systems Inc.	1.31%	304,780	$56.5M	Reduce -13.0%
SMAR Smartsheet Inc. Class A	1.26%	967,221	$54.2M	Reduce -72.5%
CTKB Cytek Biosciences Inc.	1.24%	8,246,610	$53.5M	Reduce -13.1%
SHOP Shopify Inc. Class A	1.07%	435,341	$46.3M	Reduce -9.0%
MELI MercadoLibre Inc.	1.04%	26,357	$44.8M	Add +0.6%
KIDS Orthopediatrics Corp.	1.01%	1,882,405	$43.6M	Reduce -16.0%
ERII Energy Recovery Inc.	0.99%	2,919,453	$42.9M	Reduce -16.8%
VICR Vicor Corp.	0.91%	815,186	$39.4M	Reduce -14.4%
ICLR Icon PLC	0.87%	179,611	$37.7M	Add +1.0%
VERX Vertex Inc. Class A	0.85%	689,015	$36.8M	Add +26.7%
CYRX Cryoport Inc.	0.80%	4,458,774	$34.7M	Reduce -13.4%
DV Doubleverify Holdings Inc.	0.75%	1,688,073	$32.4M	Reduce -4.2%
RXST Rxsight Inc.	0.67%	842,192	$29.0M	Add +55.3%
TEAM Atlassian Corp. Class A	0.64%	113,523	$27.6M	Reduce -2.6%
TXG 10X Genomics Inc. Class A	0.61%	1,843,960	$26.5M	Reduce -16.0%
MNDY Monday.com Ltd.	0.58%	106,617	$25.1M	Reduce -3.7%
TNDM Tandem Diabetes Care Inc.	0.54%	642,020	$23.1M	Reduce -13.1%
UFPT Ufp Technologies Inc.	0.43%	76,466	$18.7M	Add +56.8%
SPSC SPS Commerce Inc.	0.42%	98,584	$18.1M	New
DUOL Duolingo	0.41%	54,791	$17.8M	New
NARI Inari Medical Inc.	0.41%	343,778	$17.5M	Reduce -18.3%
PRO Pros Holdings Inc.	0.40%	785,759	$17.3M	Reduce -12.3%
CHKP Check Point Software Tech	0.32%	73,592	$13.7M	Reduce -3.6%
INGN Inogen Inc.	0.29%	1,358,826	$12.5M	Reduce -12.8%
AAPL Apple Inc.	0.23%	40,500	$10.1M	Reduce -3.8%
GOOGL Alphabet Inc. Class A	0.17%	38,492	$7.3M	Reduce -8.3%
MSFT Microsoft Corp.	0.17%	17,016	$7.2M	Reduce -6.4%
AMZN Amazon.com Inc.	0.11%	22,159	$4.9M	Reduce -12.8%
TSCO Tractor Supply Company	0.08%	66,603	$3.5M	Reduce -10.6%
HD Home Depot Inc.	0.08%	8,802	$3.4M	Reduce -1.1%
META Meta Platforms Inc. Class A	0.08%	5,762	$3.4M	Reduce -17.3%
MA Mastercard Inc. Class A	0.08%	6,220	$3.3M	Reduce -6.7%
GWW WW Grainger Inc. filed as GRAINGER W W INC	0.06%	2,340	$2.5M	No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.06%	21,188	$2.4M	Reduce -6.0%
ADP Automatic Data Processing	0.04%	5,818	$1.7M	Add +2.8%
HUBS HubSpot Inc.	0.04%	2,346	$1.6M	Reduce -46.4%
ECL Ecolab Inc.	0.04%	6,757	$1.6M	Reduce -7.4%
NVDA Nvidia Corp.	0.03%	10,823	$1.5M	Reduce -12.8%
MCD McDonald's Corp.	0.03%	4,480	$1.3M	Reduce -4.0%
FISV Fiserv Inc.	0.03%	6,205	$1.3M	Reduce -11.2%
DKS Dick's Sporting Goods Inc.	0.03%	5,475	$1.3M	No change
CMG Chipotle Mexican Grill Inc.	0.03%	19,536	$1.2M	Reduce -53.1%
V Visa Inc. Class A	0.03%	3,661	$1.2M	No change
ABBV Abbvie Inc.	0.03%	6,308	$1.1M	Add +6.0%
PEP Pepsico Inc.	0.03%	7,282	$1.1M	Add +5.3%
CRM Salesforce Inc.	0.02%	3,087	$1.0M	Reduce -12.2%
JPM JPMorgan Chase & Co.	0.02%	4,218	$1.0M	Reduce -5.3%
ORCL Oracle Corp.	0.02%	5,895	$982K	No change
WEC WEC Energy Group Inc.	0.02%	9,926	$933K	Reduce -7.5%
PG The Procter & Gamble Co.	0.02%	5,445	$913K	Add +5.3%
UPS United Parcel Service Class B	0.02%	7,101	$895K	Add +6.7%
PODD Insulet Corp.	0.02%	3,392	$886K	Reduce -56.5%
ABT Abbott Laboratories	0.02%	7,776	$880K	Reduce -0.9%
ITW Illinois Tool Works	0.02%	3,352	$850K	No change
BR Broadridge Financial Solutio	0.02%	3,758	$850K	Reduce -64.1%
ADBE Adobe Inc.	0.02%	1,909	$849K	Reduce -12.3%
FAST Fastenal Co.	0.02%	11,743	$844K	Reduce -28.5%
SYY Sysco Corp.	0.02%	10,305	$788K	No change
ORLY O'reilly Automotive Inc.	0.02%	614	$728K	Reduce -30.9%
ADSK Autodesk Inc.	0.02%	2,397	$708K	Reduce -67.4%
SBUX Starbucks Corp.	0.02%	7,353	$671K	Reduce -7.5%
EW Edwards Lifesciences Corp.	0.01%	7,501	$555K	Reduce -54.6%
PWR Quanta Services Inc.	0.01%	1,608	$508K	Reduce -1.9%
ALGN Align Technology Inc.	0.01%	2,212	$461K	Reduce -64.3%
DRI Darden Restaurants Inc.	0.01%	2,288	$427K	Add +14.2%
EXPE Expedia Group Inc.	0.01%	2,276	$424K	Reduce -10.2%
MRK Merck & Co. Inc.	0.01%	4,054	$403K	Add +18.4%
MS Morgan Stanley	0.01%	3,190	$401K	Reduce -15.4%
CRL Charles River Laboratories	0.01%	2,159	$399K	Reduce -67.0%
TXN Texas Instruments Inc.	0.01%	2,093	$392K	Reduce -3.1%
APD Air Products & Chemicals Inc.	0.01%	1,336	$387K	Add +11.7%
TGT Target Corp.	0.01%	2,844	$384K	Reduce -1.5%
SNA Snap-on Inc.	0.01%	1,119	$380K	Add +14.3%

Show all 118 holdings

Portfolio Sells Q3 2024 → Q4 2024


SMAR Smartsheet Inc. Class A	Reduce -72.5%	1.26%	−2.93
GWRE Guidewire Software Inc.	Reduce -20.8%	4.04%	−1.10
MANH Manhattan Associates Inc.	Reduce -19.6%	4.24%	−0.86
TYL Tyler Technologies Inc.	Reduce -18.2%	4.08%	−0.61
TECH Bio-Techne Corp.	Reduce -12.4%	3.08%	−0.55
CGNX Cognex Corp.	Reduce -15.6%	2.20%	−0.53
TXG 10X Genomics Inc. Class A	Reduce -16.0%	0.61%	−0.45
RGEN Repligen Corp.	Reduce -14.7%	3.19%	−0.40
VEEV Veeva Systems Inc. Class A	Reduce -15.2%	3.58%	−0.33
ERII Energy Recovery Inc.	Reduce -16.8%	0.99%	−0.32
KIDS Orthopediatrics Corp.	Reduce -16.0%	1.01%	−0.30
INSP Inspire Medical Systems Inc.	Reduce -13.0%	1.31%	−0.28
HLIO Helios Technologies Inc.	Reduce -15.6%	1.58%	−0.28
APPF Appfolio Inc. Class A	Reduce -15.2%	3.90%	−0.18
TNDM Tandem Diabetes Care Inc.	Reduce -13.1%	0.54%	−0.14
ANSS Ansys Inc.	Reduce -15.9%	3.02%	−0.13
QTWO Q2 Holdings Inc.	Reduce -28.8%	3.31%	−0.11
CYRX Cryoport Inc.	Reduce -13.4%	0.80%	−0.10
MNDY Monday.com Ltd.	Reduce -3.7%	0.58%	−0.08
INGN Inogen Inc.	Reduce -12.8%	0.29%	−0.04
EFX Equifax Inc.	Sold out	0.00%	−0.03
BR Broadridge Financial Solutio	Reduce -64.1%	0.02%	−0.03
CPAY Corpay Inc.	Sold out	0.00%	−0.03
ADSK Autodesk Inc.	Reduce -67.4%	0.02%	−0.03
CMG Chipotle Mexican Grill Inc.	Reduce -53.1%	0.03%	−0.02
ALGN Align Technology Inc.	Reduce -64.3%	0.01%	−0.02
BSY Bentley Systems Inc. Class B	Sold out	0.00%	−0.02
RBC RBC Bearings Inc.	Sold out	0.00%	−0.02
ENTG Entegris Inc.	Sold out	0.00%	−0.02
BFAM Bright Horizons Family Solut	Reduce -76.3%	0.00%	−0.02
PODD Insulet Corp.	Reduce -56.5%	0.02%	−0.02
CRL Charles River Laboratories	Reduce -67.0%	0.01%	−0.02
SSD Simpson Manufacturing Co. Inc.	Sold out	0.00%	−0.01
FICO Fair Isaac Corp.	Reduce -66.0%	0.01%	−0.01
DXCM Dexcom Inc.	Sold out	0.00%	−0.01
JKHY Jack Henry & Associates Inc.	Reduce -72.3%	0.01%	−0.01
HUBS HubSpot Inc.	Reduce -46.4%	0.04%	−0.01
TSCO Tractor Supply Company	Reduce -10.6%	0.08%	−0.01
MKTX Marketaxess Holdings Inc.	Sold out	0.00%	−0.01
ZTS Zoetis Inc.	Sold out	0.00%	−0.01
EW Edwards Lifesciences Corp.	Reduce -54.6%	0.01%	−0.01
SITE Siteone Landscape Supply Inc.	Reduce -57.0%	0.01%	−0.01
ULTA Ulta Beauty Inc.	Sold out	0.00%	−0.01
OMCL Omnicell Inc.	Sold out	0.00%	−0.01
BKNG Booking Holdings Inc.	Sold out	0.00%	−0.01
NTRA Natera Inc.	Sold out	0.00%	−0.01
META Meta Platforms Inc. Class A	Reduce -17.3%	0.08%	−0.01
MASI Masimo Corp.	Reduce -66.4%	0.01%	−0.01
FAST Fastenal Co.	Reduce -28.5%	0.02%	−0.01
FIVN FIVE9 Inc.	Sold out	0.00%	−0.01

Portfolio Buys Q3 2024 → Q4 2024


CAMT Camtek Ltd.	New	2.01%	+2.01
SPSC SPS Commerce Inc.	New	0.42%	+0.42
DUOL Duolingo	New	0.41%	+0.41
VERX Vertex Inc. Class A	Add +26.7%	0.85%	+0.40
FLUT Flutter Entertainment PLC-Di	Add +0.7%	1.63%	+0.25
UFPT Ufp Technologies Inc.	Add +56.8%	0.43%	+0.10
RXST Rxsight Inc.	Add +55.3%	0.67%	+0.09
ADP Automatic Data Processing	Add +2.8%	0.04%	+0.01
DRI Darden Restaurants Inc.	Add +14.2%	0.01%	+0.00
SNA Snap-on Inc.	Add +14.3%	0.01%	+0.00
PG The Procter & Gamble Co.	Add +5.3%	0.02%	+0.00
PAYX Paychex Inc.	Add +12.4%	0.01%	+0.00
MTB M & T Bank Corp.	Add +9.4%	0.01%	+0.00
APD Air Products & Chemicals Inc.	Add +11.7%	0.01%	+0.00
UPS United Parcel Service Class B	Add +6.7%	0.02%	+0.00
MRK Merck & Co. Inc.	Add +18.4%	0.01%	+0.00
ABBV Abbvie Inc.	Add +6.0%	0.03%	+0.00
GIS General Mills Inc.	Add +16.7%	0.01%	+0.00
PEP Pepsico Inc.	Add +5.3%	0.03%	+0.00
HRB H&R Block Inc.	Add +13.4%	0.01%	+0.00
MELI MercadoLibre Inc.	Add +0.6%	1.04%	−0.12
ICLR Icon PLC	Add +1.0%	0.87%	−0.23

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	54	$500.2M	CAMT, CGNX, DDOG, XMTR, GLBE
Q1 2026	56	$704.0M	CAMT, GLBE, CLBT, GKOS, MELI
Q4 2025	55	$1.2B	CAMT, GLBE, CYBR, RGEN, XMTR
Q3 2025	54	$2.4B	CYBR, CAMT, VEEV, DDOG, GWRE
Q2 2025	83	$3.4B	CYBR, VEEV, GWRE, DDOG, TYL
Q1 2025	105	$3.3B	CYBR, VEEV, TYL, GWRE, APPF
Q4 2024	118	$4.3B	CYBR, GKOS, DDOG, MANH, VCEL
Q3 2024	133	$4.6B	GWRE, MANH, TYL, GKOS, CYBR
Q2 2024	130	$4.9B	GWRE, MANH, DDOG, TYL, GKOS
Q1 2024	133	$5.7B	APPF, MANH, VEEV, DDOG, VCEL