BROWN CAPITAL MANAGEMENT LLC
Q4 2025 Form 13-F
BALTIMORE, MARYLAND
CIK 0000885062
· CRD 105633
· SEC-registered investment adviser
$1.2B Reported Value Total
BROWN CAPITAL MANAGEMENT, LLC reports 109 total accounts under management (AUM). There are 109 discretionary accounts valued at $8,098,760,315, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-07-13
Reported value
$1.2B
Quarter over quarter
-2.4%
Holdings
55
Top-10 concentration
45.0%
Filing Structure
Reports holdings for
- Wespath Institutional Investments LLC · File #028-19526 · Q1 2024 – Q2 2025 · declared by one filing
- Nationwide Fund Advisors · File #028-05161 · Q1 2024 – Q1 2025 · declared by one filing
- UMC Benefit Board Inc · File #028-11783 · Q1 2024 – Q1 2025 · declared by one filing
Holdings reported by
- Nationwide Fund Advisors · Q2 2013 – Q1 2023 · declared by one filing
Key People
Form ADV owners & control persons
Eddie Carl Brown
FOUNDER, EXECUTIVE CHAIRMAN, & SENIOR PORTFOLIO MANAGER
Jennifer Brown Bunkley
DIRECTOR
Damien Lawrence Davis
CIO AND SENIOR PORTFOLIO MANAGER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
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Q4 2025 13F record
Q4 2025 13F filing summary
| Period of report | December 31, 2025 |
|---|---|
| Filed | February 17, 2026 |
| Form | 13F-HR |
| Reported value | $1.2B |
| Positions | 55 |
| Change in reported value | -49.8% |
| New positions | 4 |
| Exited positions | 3 |
| Position turnover | 12.1% |
| Top-10 concentration | 45.0% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 27, 2026
|
55 | $526.9M |
|
Q2 2026 13F
Filed Jul 27, 2026
|
54 | $500.2M |
|
Q1 2026 13F
Filed May 14, 2026
|
56 | $704.0M |
|
Q4 2025 13F
Filed Feb 17, 2026
|
55 | $1.2B |
|
Q3 2025 13F
Filed Nov 4, 2025
|
54 | $2.4B |
|
Q2 2025 13F
Filed Aug 13, 2025
|
83 | $3.4B |
|
Q1 2025 13F
Filed May 15, 2025
|
105 | $3.3B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
118 | $4.3B |
|
Q3 2024 13F
Filed Nov 12, 2024
|
133 | $4.6B |
|
Q2 2024 13F
Filed Aug 12, 2024
|
130 | $4.9B |
|
Q1 2024 13F
Filed May 15, 2024
|
133 | $5.7B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
128 | $6.7B |
|
Q3 2023 13F
Filed Nov 14, 2023
|
126 | $6.5B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
126 | $7.0B |
|
Q1 2023 13F
Filed May 15, 2023
|
124 | $6.7B |
|
Q4 2022 13F
Filed Feb 14, 2023
|
128 | $6.0B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
124 | $7.1B |
|
Q2 2022 13F
Filed Aug 15, 2022
|
124 | $7.5B |
|
Q1 2022 13F
Filed May 16, 2022
|
127 | $10.0B |
|
Q4 2021 13F
Filed Feb 14, 2022
|
129 | $12.1B |
34 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q4 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | CAMT CAMTEK LTD | $114.3M | 9.38% |
| 2 | GLBE GLOBAL E ONLINE LTD | $94.5M | 7.75% |
| 3 | CYBR CYBERARK SOFTWARE LTD | $68.0M | 5.58% |
| 4 | RGEN REPLIGEN CORP | $44.9M | 3.68% |
| 5 | XMTR XOMETRY INC | $41.5M | 3.41% |
| 6 | SHOP SHOPIFY INC | $39.9M | 3.28% |
| 7 | GWRE GUIDEWIRE SOFTWARE INC | $36.9M | 3.03% |
| 8 | GKOS GLAUKOS CORP | $36.9M | 3.02% |
| 9 | VEEV VEEVA SYS INC | $35.8M | 2.93% |
| 10 | APPF APPFOLIO INC | $35.4M | 2.9% |
| 11 | MELI MERCADOLIBRE INC | $34.6M | 2.84% |
| 12 | TYL TYLER TECHNOLOGIES INC | $33.6M | 2.76% |
| 13 | DDOG DATADOG INC | $33.2M | 2.73% |
| 14 | MANH MANHATTAN ASSOCIATES INC | $32.5M | 2.67% |
| 15 | CWAN CLEARWATER ANALYTICS HLDGS I | $30.5M | 2.51% |
| 16 | VCEL VERICEL CORP | $30.0M | 2.46% |
| 17 | FLUT FLUTTER ENTMT PLC | $28.5M | 2.33% |
| 18 | ALRM ALARM COM HLDGS INC | $25.8M | 2.11% |
| 19 | QTWO Q2 HLDGS INC | $25.6M | 2.1% |
| 20 | TECH BIO-TECHNE CORP | $25.6M | 2.1% |
Values as reported on the Q4 2025 Form 13F. Every position is in the holdings table below.