Brown Capital Management LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Brown Capital Management LLC reported 55 stock positions worth $1.2 billion. Its top holding was Camtek (CAMT) at 9.4% of the portfolio, followed by Global-E Online (GLBE, 7.8%) and Cyberark Software Ltd./Israel (CYBR, 5.6%). Compared with Q3 2025, it opened 4 new positions, sold out of 3, added to 1 and reduced 50. The biggest buy was Global-E Online (GLBE, shares +1%) and the biggest sale Cyberark Software Ltd./Israel (CYBR, shares −63%).
- Most Recent 13F
- Q2 2026
- Location
- BALTIMORE, MD
- CIK
- 0000885062
- Portfolio Value
- $1.2B (Q4 2025)
- SEC Filing
- 0001398344-26-003301 ↗ filed Feb 17, 2026
Holdings Value
Holdings 55 stocks · $1.2B
| CAMT Camtek Ltd. | 9.38% | 1,075,053 | $114.3M | Reduce -6.8% |
| GLBE Global-E Online Ltd. | 7.75% | 2,404,856 | $94.5M | Add +0.6% |
| CYBR Cyberark Software Ltd./Israel | 5.58% | 152,539 | $68.0M | Reduce -62.6% |
| RGEN Repligen Corp. | 3.68% | 273,972 | $44.9M | Reduce -59.0% |
| XMTR Xometry Inc. Class A | 3.41% | 698,666 | $41.5M | Reduce -56.6% |
| SHOP Shopify Inc. Class A | 3.28% | 248,101 | $39.9M | Reduce -34.6% |
| GWRE Guidewire Software Inc. | 3.03% | 183,624 | $36.9M | Reduce -55.7% |
| GKOS Glaukos Corp. | 3.02% | 326,579 | $36.9M | Reduce -57.2% |
| VEEV Veeva Systems Inc. Class A | 2.93% | 160,187 | $35.8M | Reduce -56.0% |
| APPF Appfolio Inc. Class A | 2.90% | 152,123 | $35.4M | Reduce -55.5% |
| MELI MercadoLibre Inc. | 2.84% | 17,176 | $34.6M | Reduce -25.7% |
| TYL Tyler Technologies Inc. | 2.76% | 74,067 | $33.6M | Reduce -54.3% |
| DDOG Datadog Inc. Class A | 2.73% | 244,312 | $33.2M | Reduce -65.7% |
| MANH Manhattan Associates Inc. | 2.67% | 187,550 | $32.5M | Reduce -55.3% |
| CWAN Clearwater Analytics HDS-A | 2.51% | 1,266,310 | $30.5M | Reduce -49.6% |
| VCEL Vericel Corp. | 2.46% | 831,752 | $30.0M | Reduce -57.4% |
| FLUT Flutter Entertainment PLC-Di | 2.33% | 132,335 | $28.5M | Reduce -51.3% |
| ALRM Alarm.com Holdings Inc. | 2.11% | 504,728 | $25.8M | Reduce -55.2% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 2.10% | 355,407 | $25.6M | Reduce -55.8% |
| TECH Bio-Techne Corp. | 2.10% | 435,641 | $25.6M | Reduce -58.0% |
| AGYS Agilysys Inc. | 2.10% | 214,986 | $25.5M | Reduce -55.4% |
| PAYC Paycom Software Inc. | 1.91% | 145,948 | $23.3M | Reduce -55.2% |
| CGNX Cognex Corp. | 1.88% | 638,019 | $23.0M | Reduce -55.8% |
| ICLR Icon PLC | 1.86% | 124,638 | $22.7M | Reduce -26.8% |
| NCNO Ncino Inc. | 1.56% | 739,559 | $19.0M | Reduce -56.1% |
| UFPT Ufp Technologies Inc. | 1.52% | 83,672 | $18.6M | Reduce -50.2% |
| WK Workiva Inc. | 1.48% | 208,494 | $18.0M | Reduce -54.8% |
| TMDX Transmedics Group Inc. | 1.46% | 145,918 | $17.8M | Reduce -53.5% |
| BMI Badger Meter Inc. | 1.45% | 101,519 | $17.7M | Reduce -51.6% |
| TEAM Atlassian Corp. Class A | 1.01% | 76,015 | $12.3M | Reduce -26.0% |
| VERX Vertex Inc. Class A | 1.00% | 610,332 | $12.2M | Reduce -53.1% |
| AXGN Axogen Inc. | 0.94% | 349,209 | $11.4M | Reduce -45.8% |
| INSP Inspire Medical Systems Inc. | 0.91% | 119,935 | $11.1M | Reduce -56.9% |
| CYRX Cryoport Inc. | 0.88% | 1,112,771 | $10.7M | Reduce -57.6% |
| MNDY Monday.com Ltd. | 0.86% | 71,052 | $10.5M | Reduce -26.4% |
| CTKB Cytek Biosciences Inc. | 0.86% | 2,072,915 | $10.5M | Reduce -58.2% |
| ERII Energy Recovery Inc. | 0.85% | 764,793 | $10.3M | Reduce -52.3% |
| RDVT Red Violet Inc. | 0.82% | 175,452 | $10.0M | Reduce -53.5% |
| DV Doubleverify Holdings Inc. | 0.77% | 815,446 | $9.3M | Reduce -55.2% |
| KIDS Orthopediatrics Corp. | 0.75% | 514,097 | $9.1M | Reduce -52.5% |
| SPSC SPS Commerce Inc. | 0.74% | 101,560 | $9.1M | Reduce -53.3% |
| CHKP Check Point Software Tech | 0.73% | 47,839 | $8.9M | Reduce -23.9% |
| DUOL Duolingo | 0.72% | 49,876 | $8.8M | Reduce -37.4% |
| INTA Intapp Inc. | 0.56% | 148,656 | $6.8M | Reduce -30.4% |
| LOAR Loar Holdings Inc. | 0.54% | 97,142 | $6.6M | New |
| MAMA Mama's Creations Inc. | 0.52% | 469,538 | $6.3M | Reduce -32.7% |
| CORT Corcept Therapeutics Inc. | 0.39% | 138,191 | $4.8M | Reduce -42.4% |
| VCYT Veracyte Inc. | 0.39% | 114,157 | $4.8M | New |
| AVPT Avepoint Inc. | 0.32% | 280,223 | $3.9M | New |
| RXST Rxsight Inc. | 0.31% | 357,713 | $3.7M | Reduce -53.6% |
| PDFS PDF Solutions Inc. | 0.29% | 125,137 | $3.6M | New |
| AAPL Apple Inc. | 0.02% | 952 | $259K | Reduce -47.8% |
| GOOGL Alphabet Inc. Class A | 0.02% | 744 | $233K | Reduce -53.0% |
| MSFT Microsoft Corp. | 0.02% | 438 | $212K | Reduce -50.1% |
| AMZN Amazon.com Inc. | 0.02% | 903 | $208K | Reduce -47.3% |
Portfolio Sells Q3 2025 → Q4 2025
| CYBR Cyberark Software Ltd./Israel | Reduce -62.6% | 5.58% | −2.55 |
| VEEV Veeva Systems Inc. Class A | Reduce -56.0% | 2.93% | −1.54 |
| DDOG Datadog Inc. Class A | Reduce -65.7% | 2.73% | −1.45 |
| APPF Appfolio Inc. Class A | Reduce -55.5% | 2.90% | −0.98 |
| GWRE Guidewire Software Inc. | Reduce -55.7% | 3.03% | −0.90 |
| PAYC Paycom Software Inc. | Reduce -55.2% | 1.91% | −0.89 |
| MANH Manhattan Associates Inc. | Reduce -55.3% | 2.67% | −0.88 |
| CGNX Cognex Corp. | Reduce -55.8% | 1.88% | −0.81 |
| TYL Tyler Technologies Inc. | Reduce -54.3% | 2.76% | −0.74 |
| FLUT Flutter Entertainment PLC-Di | Reduce -51.3% | 2.33% | −0.51 |
| CORT Corcept Therapeutics Inc. | Reduce -42.4% | 0.39% | −0.43 |
| ALRM Alarm.com Holdings Inc. | Reduce -55.2% | 2.11% | −0.35 |
| DUOL Duolingo | Reduce -37.4% | 0.72% | −0.34 |
| VERX Vertex Inc. Class A | Reduce -53.1% | 1.00% | −0.33 |
| NCNO Ncino Inc. | Reduce -56.1% | 1.56% | −0.33 |
| PRO Pros Holdings Inc. | Sold out | 0.00% | −0.31 |
| QTWO Q2 Holdings Inc. | Reduce -55.8% | 2.10% | −0.29 |
| TECH Bio-Techne Corp. | Reduce -58.0% | 2.10% | −0.27 |
| XMTR Xometry Inc. Class A | Reduce -56.6% | 3.41% | −0.21 |
| SPSC SPS Commerce Inc. | Reduce -53.3% | 0.74% | −0.19 |
| TNDM Tandem Diabetes Care Inc. | Sold out | 0.00% | −0.18 |
| ERII Energy Recovery Inc. | Reduce -52.3% | 0.85% | −0.17 |
| WK Workiva Inc. | Reduce -54.8% | 1.48% | −0.16 |
| CYRX Cryoport Inc. | Reduce -57.6% | 0.88% | −0.15 |
| DV Doubleverify Holdings Inc. | Reduce -55.2% | 0.77% | −0.13 |
| BMI Badger Meter Inc. | Reduce -51.6% | 1.45% | −0.09 |
| KIDS Orthopediatrics Corp. | Reduce -52.5% | 0.75% | −0.08 |
| VCEL Vericel Corp. | Reduce -57.4% | 2.46% | −0.07 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.01 |
| RGEN Repligen Corp. | Reduce -59.0% | 3.68% | −0.00 |
| MSFT Microsoft Corp. | Reduce -50.1% | 0.02% | −0.00 |
| AMZN Amazon.com Inc. | Reduce -47.3% | 0.02% | +0.00 |
| AAPL Apple Inc. | Reduce -47.8% | 0.02% | +0.00 |
| GOOGL Alphabet Inc. Class A | Reduce -53.0% | 0.02% | +0.00 |
| TMDX Transmedics Group Inc. | Reduce -53.5% | 1.46% | +0.00 |
| AGYS Agilysys Inc. | Reduce -55.4% | 2.10% | +0.01 |
| RDVT Red Violet Inc. | Reduce -53.5% | 0.82% | +0.01 |
| RXST Rxsight Inc. | Reduce -53.6% | 0.31% | +0.02 |
| INSP Inspire Medical Systems Inc. | Reduce -56.9% | 0.91% | +0.06 |
| MNDY Monday.com Ltd. | Reduce -26.4% | 0.86% | +0.09 |
| UFPT Ufp Technologies Inc. | Reduce -50.2% | 1.52% | +0.14 |
| CTKB Cytek Biosciences Inc. | Reduce -58.2% | 0.86% | +0.15 |
| CHKP Check Point Software Tech | Reduce -23.9% | 0.73% | +0.19 |
| INTA Intapp Inc. | Reduce -30.4% | 0.56% | +0.20 |
| MAMA Mama's Creations Inc. | Reduce -32.7% | 0.52% | +0.22 |
| TEAM Atlassian Corp. Class A | Reduce -26.0% | 1.01% | +0.33 |
| GKOS Glaukos Corp. | Reduce -57.2% | 3.02% | +0.46 |
| AXGN Axogen Inc. | Reduce -45.8% | 0.94% | +0.46 |
| MELI MercadoLibre Inc. | Reduce -25.7% | 2.84% | +0.61 |
| ICLR Icon PLC | Reduce -26.8% | 1.86% | +0.63 |
Portfolio Buys Q3 2025 → Q4 2025
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 |