$6.69 Billion is the total value of Brown Capital Management's 124 reported holdings in Q1 2023. The portfolio turnover from Q4 2022 to Q1 2023 was 10.1% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ANSS | Sell | ANSYS INC | $340,936,960 | +32.2% | 1,024,450 | -4.0% | 5.10% | +19.5% |
| APPF | Sell | APPFOLIO INC | $337,161,175 | +14.2% | 2,708,557 | -3.3% | 5.04% | +3.2% |
| MANH | Sell | MANHATTAN ASSOCIATES INC | $324,271,075 | +8.0% | 2,094,098 | -15.3% | 4.85% | -2.4% |
| VEEV | Sell | VEEVA SYS INC | $300,432,507 | +12.3% | 1,634,651 | -1.4% | 4.49% | +1.4% |
| PAYC | Sell | PAYCOM SOFTWARE INC | $297,631,566 | -2.9% | 979,019 | -0.9% | 4.45% | -12.3% |
| SMAR | Sell | SMARTSHEET INC | $287,761,736 | +20.5% | 6,020,120 | -0.8% | 4.30% | +8.9% |
| TYL | Sell | TYLER TECHNOLOGIES INC | $286,901,987 | +2.2% | 808,995 | -7.1% | 4.29% | -7.7% |
| ALRM | Sell | ALARM COM HLDGS INC | $260,100,904 | +0.8% | 5,173,049 | -0.8% | 3.89% | -8.9% |
| CGNX | Sell | COGNEX CORP | $259,224,938 | -9.2% | 5,231,583 | -13.7% | 3.88% | -18.0% |
| GWRE | Sell | GUIDEWIRE SOFTWARE INC | $248,211,834 | +30.3% | 3,025,129 | -0.7% | 3.71% | +17.7% |
| RGEN | Sell | REPLIGEN CORP | $242,500,356 | -1.4% | 1,440,368 | -0.8% | 3.62% | -10.9% |
| TECH | Sell | BIO-TECHNE CORP | $242,035,750 | -11.5% | 3,262,377 | -1.2% | 3.62% | -20.1% |
| HLIO | Sell | HELIOS TECHNOLOGIES INC | $194,667,089 | +19.4% | 2,976,561 | -0.6% | 2.91% | +7.9% |
| CYBR | Sell | CYBERARK SOFTWARE LTD | $150,178,095 | +9.4% | 1,014,854 | -4.1% | 2.24% | -1.1% |
| ABCM | Sell | ABCAM PLCads | $131,258,138 | -14.8% | 9,751,719 | -1.5% | 1.96% | -23.0% |
| PRO | Sell | PROS HOLDINGS INC | $124,386,383 | +7.7% | 4,539,649 | -4.7% | 1.86% | -2.7% |
| NEOG | Sell | NEOGEN CORP | $108,260,568 | +7.3% | 5,845,603 | -11.8% | 1.62% | -3.1% |
| CSII | Sell | CARDIOVASCULAR SYS INC DEL | $56,404,386 | +42.6% | 2,840,100 | -2.2% | 0.84% | +28.9% |
| ICLR | Sell | ICON PLC | $50,333,765 | +1.5% | 235,656 | -7.7% | 0.75% | -8.3% |
| AYX | Sell | ALTERYX INC | $49,863,781 | +11.6% | 847,447 | -3.9% | 0.74% | +0.8% |
| IRWD | Sell | IRONWOOD PHARMACEUTICALS INC | $41,384,975 | -16.4% | 3,933,933 | -1.6% | 0.62% | -24.4% |
| MELI | Sell | MERCADOLIBRE INC | $41,006,165 | +44.3% | 31,111 | -7.4% | 0.61% | +30.4% |
| BCPC | Sell | BALCHEM CORP | $37,865,709 | -0.4% | 299,381 | -3.8% | 0.57% | -10.0% |
| Sell | QUIDELORTHO CORP | $37,810,331 | -44.7% | 424,406 | -46.8% | 0.56% | -50.0% | |
| SHOP | Sell | SHOPIFY INCcl a | $29,356,586 | +30.9% | 612,361 | -5.3% | 0.44% | +18.3% |
| PRLB | Sell | PROTO LABS INC | $22,618,809 | +21.2% | 682,317 | -6.6% | 0.34% | +9.4% |
| Sell | ATLASSIAN CORPORATIONcl a | $20,494,526 | +23.4% | 119,732 | -7.3% | 0.31% | +11.3% | |
| CHKP | Sell | CHECK POINT SOFTWARE TECH LTord | $14,457,430 | -7.9% | 111,211 | -10.7% | 0.22% | -16.9% |
| NXGN | Sell | NEXTGEN HEALTHCARE INC | $6,023,581 | -65.6% | 345,984 | -62.9% | 0.09% | -68.9% |
| TSCO | Sell | TRACTOR SUPPLY CO | $4,410,996 | +2.1% | 18,767 | -2.2% | 0.07% | -7.0% |
| PODD | Sell | INSULET CORP | $4,281,400 | +8.0% | 13,423 | -0.3% | 0.06% | -3.0% |
| MASI | Sell | MASIMO CORP | $3,558,485 | +5.7% | 19,283 | -15.3% | 0.05% | -5.4% |
| MA | Sell | MASTERCARD INCORPORATEDcl a | $3,465,114 | +4.4% | 9,535 | -0.1% | 0.05% | -5.5% |
| TROW | Sell | PRICE T ROWE GROUP INC | $3,308,986 | +3.0% | 29,309 | -0.5% | 0.05% | -7.5% |
| BR | Sell | BROADRIDGE FINL SOLUTIONS IN | $3,212,375 | +8.7% | 21,917 | -0.5% | 0.05% | -2.0% |
| HD | Sell | HOME DEPOT INC | $2,814,559 | -6.6% | 9,537 | -0.1% | 0.04% | -16.0% |
| EFX | Sell | EQUIFAX INC | $2,709,537 | +3.6% | 13,358 | -0.7% | 0.04% | -7.0% |
| BSY | Sell | BENTLEY SYS INC | $2,527,425 | +15.7% | 58,791 | -0.5% | 0.04% | +5.6% |
| FLT | Sell | FLEETCOR TECHNOLOGIES INC | $1,932,019 | +14.4% | 9,163 | -0.3% | 0.03% | +3.6% |
| ORLY | Sell | OREILLY AUTOMOTIVE INC | $1,762,482 | -6.2% | 2,076 | -6.7% | 0.03% | -16.1% |
| JKHY | Sell | HENRY JACK & ASSOC INC | $1,687,461 | -21.4% | 11,196 | -8.5% | 0.02% | -30.6% |
| FAST | Sell | FASTENAL CO | $1,635,784 | +11.3% | 30,326 | -2.4% | 0.02% | 0.0% |
| ECL | Sell | ECOLAB INC | $1,607,958 | +13.0% | 9,714 | -0.7% | 0.02% | 0.0% |
| ADP | Sell | AUTOMATIC DATA PROCESSING IN | $1,266,319 | -8.4% | 5,688 | -1.7% | 0.02% | -17.4% |
| PEP | Sell | PEPSICO INC | $1,184,950 | -0.0% | 6,500 | -0.9% | 0.02% | -10.0% |
| FISV | Sell | FISERV INC | $1,026,991 | +10.7% | 9,086 | -1.0% | 0.02% | 0.0% |
| SBUX | Sell | STARBUCKS CORP | $964,244 | +4.8% | 9,260 | -0.1% | 0.01% | -6.7% |
| EXPE | Sell | EXPEDIA GROUP INC | $922,464 | +10.3% | 9,507 | -0.4% | 0.01% | 0.0% |
| ITW | Sell | ILLINOIS TOOL WKS INC | $853,049 | +10.0% | 3,504 | -0.4% | 0.01% | 0.0% |
| JPM | Sell | JPMORGAN CHASE & CO | $772,217 | -3.9% | 5,926 | -1.1% | 0.01% | -7.7% |
| V | Sell | VISA INC | $826,762 | +7.9% | 3,667 | -0.5% | 0.01% | -7.7% |
| ZTS | Sell | ZOETIS INCcl a | $694,055 | +12.0% | 4,170 | -1.3% | 0.01% | 0.0% |
| ENV | Sell | ENVESTNET INC | $680,983 | -23.4% | 11,607 | -19.5% | 0.01% | -33.3% |
| UNH | Sell | UNITEDHEALTH GROUP INC | $635,161 | -11.7% | 1,344 | -0.9% | 0.01% | -25.0% |
| MS | Sell | MORGAN STANLEY | $554,896 | +2.8% | 6,320 | -0.5% | 0.01% | -11.1% |
| LLY | Sell | LILLY ELI & CO | $464,647 | -12.0% | 1,353 | -6.2% | 0.01% | -22.2% |
| BKNG | Sell | BOOKING HOLDINGS INC | $371,337 | +28.9% | 140 | -2.1% | 0.01% | +20.0% |
| KMB | Sell | KIMBERLY-CLARK CORP | $424,404 | -5.9% | 3,162 | -4.8% | 0.01% | -14.3% |
| APD | Sell | AIR PRODS & CHEMS INC | $317,367 | -14.6% | 1,105 | -8.3% | 0.01% | -16.7% |
| SNA | Sell | SNAP ON INC | $257,012 | +6.1% | 1,041 | -1.8% | 0.00% | 0.0% |
| JAZZ | Sell | JAZZ PHARMACEUTICALS PLC | $272,174 | -8.7% | 1,860 | -0.6% | 0.00% | -20.0% |
| PAYX | Sell | PAYCHEX INC | $262,411 | -9.5% | 2,290 | -8.8% | 0.00% | -20.0% |
| MTB | Exit | M & T BK CORP | $0 | – | -1,385 | -100.0% | -0.00% | – |
| BOH | Exit | BANK HAWAII CORP | $0 | – | -2,854 | -100.0% | -0.00% | – |
| DG | Exit | DOLLAR GEN CORP NEW | $0 | – | -908 | -100.0% | -0.00% | – |
| COUP | Exit | COUPA SOFTWARE INC | $0 | – | -23,746 | -100.0% | -0.03% | – |
| AMSWA | Exit | AMER SOFTWARE INCcl a | $0 | – | -1,177,634 | -100.0% | -0.29% | – |
| BLKB | Exit | BLACKBAUD INC | $0 | – | -331,218 | -100.0% | -0.32% | – |
| DCT | Exit | DUCK CREEK TECHNOLOGIES INC | $0 | – | -4,560,206 | -100.0% | -0.91% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2023-05-15
About Brown Capital Management
Brown Capital Management is a Baltimore-based investment management firm that was founded in 1983 by Eddie C. Brown. The firm specializes in small and mid-cap growth equity investments and has a long-standing reputation for delivering strong returns to its clients. Brown Capital Management has a team of experienced investment professionals, including its current CEO, Keith Lee, and its Chief Investment Officer, Ken Torrey.
The firm's investment philosophy is centered around identifying companies with strong growth potential and a competitive advantage in their respective industries. Brown Capital Management's investment process involves rigorous fundamental analysis and a focus on long-term value creation. The firm's investment strategies include the Small Company Growth Strategy, the Mid Company Growth Strategy, and the International Small Company Growth Strategy.
Brown Capital Management has a strong track record of delivering consistent returns to its clients. The firm's Small Company Growth Strategy has outperformed its benchmark, the Russell 2000 Growth Index, over the long term. The Mid Company Growth Strategy has also delivered strong returns, outperforming its benchmark, the Russell Midcap Growth Index, since its inception.
Overall, Brown Capital Management is a well-respected investment management firm with a proven track record of delivering strong returns to its clients. With a team of experienced investment professionals and a disciplined investment process, the firm is well-positioned to continue delivering value to its clients in the years to come.
It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| TYLER TECHNOLOGIES INC | 42 | Q3 2023 | 5.6% |
| COGNEX CORP | 42 | Q3 2023 | 5.8% |
| MANHATTAN ASSOCS INC | 42 | Q3 2023 | 5.6% |
| ANSYS INC | 42 | Q3 2023 | 5.1% |
| NEOGEN CORP | 42 | Q3 2023 | 5.3% |
| PROS HOLDINGS INC | 42 | Q3 2023 | 3.9% |
| ICON PLC | 42 | Q3 2023 | 0.8% |
| APPLE INC | 42 | Q3 2023 | 0.3% |
| T. Rowe Price Group Inc. | 42 | Q3 2023 | 0.5% |
| TRACTOR SUPPLY CO | 42 | Q3 2023 | 0.5% |
View Brown Capital Management's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| AMERICAN SOFTWARE INC | February 14, 2023 | 1,177,634 | 3.7% |
| Cardiovascular Systems Inc | February 14, 2023 | 2,904,759 | 6.9% |
| DUCK CREEK TECHNOLOGIES, INC. | February 14, 2023 | 4,560,206 | 3.4% |
| IRONWOOD PHARMACEUTICALS INC | February 14, 2023 | 3,997,045 | 2.6% |
| MANHATTAN ASSOCIATES INC | February 14, 2023 | 2,472,331 | 4.0% |
| Proto Labs Inc | February 14, 2023 | 730,716 | 2.7% |
| QuidelOrtho Corp | February 14, 2023 | 798,088 | 1.2% |
| SMARTSHEET INC | February 14, 2023 | 6,067,397 | 4.6% |
| DMC Global Inc. | October 11, 2022 | ? | ? |
| NEOGEN CORP | October 11, 2022 | 8,739,338 | 4.0% |
View Brown Capital Management's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
View Brown Capital Management's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.