1y return−1.0%S&P 500 +20.9%
3y return+8.7%S&P 500 +68.5%
5y return−22.4%S&P 500 +74.5%
10y return+109.8%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $210 against $357 in the S&P 500.2
Brown Capital Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| Camtek LtdCUSIP M20791105 | $29.2M | 5.8% | −71.1% |
| CGNXCognex Corp | $25.5M | 5.1% | −15.1% |
| DDOGDatadog Inc | $25.5M | 5.1% | −44.6% |
| XMTRXometry Inc | $25.0M | 5.0% | −38.5% |
| Global E Online LtdCUSIP M5216V106 | $23.8M | 4.8% | −51.0% |
| GKOSGlaukos Corp | $23.5M | 4.7% | −27.0% |
| VCELVericel Corp | $22.4M | 4.5% | −14.9% |
| RGENRepligen Corp | $19.2M | 3.8% | −17.1% |
| VEEVVeeva Sys Inc | $17.7M | 3.5% | −13.5% |
| Cellebrite Di LtdCUSIP M2197Q107 | $16.6M | 3.3% | −57.8% |
| GWREGuidewire Software Inc | $16.4M | 3.3% | +2.0% |
| MANHManhattan Associates Inc | $16.2M | 3.2% | −13.4% |
| APPFAppfolio Inc | $16.0M | 3.2% | −7.9% |
| TECHBio-techne Corp | $14.0M | 2.8% | −36.1% |
| AGYSAgilysys Inc | $13.8M | 2.8% | −13.8% |
| UFPTUfp Technologies Inc | $13.4M | 2.7% | −13.8% |
| TYLTyler Technologies Inc | $11.1M | 2.2% | −28.1% |
| CYRXCryoport Inc | $10.5M | 2.1% | −14.2% |
| QTWOQ2 Hldgs Inc | $10.5M | 2.1% | −13.5% |
| AXGNAxogen Inc | $10.4M | 2.1% | −13.2% |
| BMIBadger Meter Inc | $9.2M | 1.8% | −13.7% |
| RDVTRed Violet Inc | $7.4M | 1.5% | −14.0% |
| CORTCorcept Therapeutics Inc | $7.3M | 1.5% | −10.3% |
| PDFSPdf Solutions Inc | $7.2M | 1.4% | −2.0% |
| LOARLoar Holdings Inc | $6.8M | 1.4% | +14.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GKOSGlaukos Corp | June 30, 2020 | +263.8% | $23.5M |
| VCELVericel Corp | June 30, 2020 | +221.9% | $22.4M |
| DDOGDatadog Inc | June 30, 2020 | +199.4% | $25.5M |
| Credo Technology Group HoldiCUSIP G25457105 | March 31, 2026 | +189.7% | $4.3M |
| XMTRXometry Inc | June 30, 2022 | +184.5% | $25.0M |
| AXGNAxogen Inc | September 30, 2025 | +158.9% | $10.4M |
| PDFSPdf Solutions Inc | December 31, 2025 | +148.1% | $7.2M |
| SITMSitime Corp | March 31, 2026 | +115.9% | $3.4M |
| Camtek LtdCUSIP M20791105 | December 31, 2024 | +102.0% | $29.2M |
| MAMAMamas Creations Inc | September 30, 2025 | +69.8% | $5.9M |
Sold off last quarter
- MELIMercadolibre Inc was $24.5M
- SHOPShopify Inc was $23.9M
- Icon PLCCUSIP G4705A100 was $17.5M
- Clearwater Analytics Hldgs ICUSIP 185123106 was $13.1M
- Flutter Entmt PLCCUSIP G3643J108 was $11.3M
- TEAMAtlassian Corporation was $8.9M
- CTKBCytek Biosciences Inc was $6.5M
- DVDoubleverify Hldgs Inc was $5.6M
- Check Point Software Tech LtCUSIP M22465104 was $4.6M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +19.3% | +14.8% |
| March 31, 2026 | −15.6% | −4.6% |
| December 31, 2025 | −2.0% | +2.4% |
| September 30, 2025 | +0.3% | +7.8% |
| June 30, 2025 | +11.1% | +10.5% |
| March 31, 2025 | −14.9% | −4.6% |
| December 31, 2024 | +8.3% | +2.1% |
| September 30, 2024 | +8.7% | +5.4% |
| June 30, 2024 | −5.8% | +4.0% |
| March 31, 2024 | +2.2% | +10.0% |
| December 31, 2023 | +8.7% | +11.2% |
| September 30, 2023 | −5.7% | −3.6% |
| June 30, 2023 | +9.3% | +8.3% |
| March 31, 2023 | +9.5% | +7.0% |
| December 31, 2022 | −5.0% | +7.1% |
| September 30, 2022 | −3.1% | −5.3% |
| June 30, 2022 | −23.6% | −16.5% |
| March 31, 2022 | −15.4% | −4.9% |
| December 31, 2021 | +1.8% | +10.7% |
| September 30, 2021 | −1.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Brown Capital Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=885062&type=13F-HR&dateb=&owner=include&count=40CIK 885062
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/885062/000139834426012784/Filed July 27, 2026 · accession 0001398344-26-012784