BROWN CAPITAL MANAGEMENT LLC

Q4 2025 13F-HR Holdings

Location
Baltimore, MD
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
55
Total value ($000)
$1,219,147
Net value change ($000)
-1,207,348 (-49.8%)
New positions
4
Sold out positions
3
Turnover %
2.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/4/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GLBE 9,074 10.6%
LOAR 6,606 NEW
VCYT 4,806 NEW
AVPT 3,892 NEW
PDFS 3,570 NEW
Top Reduces (Value $000, Stocks/ETFs)
CYBR -129,224 -65.5%
VEEV -72,679 -67.0%
DDOG -68,204 -67.2%
APPF -58,869 -62.5%
GWRE -58,312 -61.2%
MANH -53,510 -62.2%
TYL -51,174 -60.3%
XMTR -46,238 -52.7%
PAYC -44,598 -65.7%
RGEN -44,513 -49.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type