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Livermore
Livermore
ZHEN

Brown Capital Management LLC

SEC CIK
0000885062
Latest filing
Jul 27, 2026

The latest 13F from Brown Capital Management LLC covers Q2 2026 (filed Jul 27, 2026): 54 long positions worth $500.2M. The top 10 holdings make up 45.7% of the portfolio, and the largest is Camtek Ltd (CAMT) at 5.8%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
7
Est. +$19.8M
Added
5
Est. +$3.28M
Reduced
40
Est. −$242.9M
Sold out
9
Est. −$115.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. CAMTCamtek Ltd
    5.8%$29.2MHistory
  2. CGNXCognex Corp
    5.1%$25.5MHistory
  3. DDOGDatadog, Inc.
    5.1%$25.5MHistory
  4. XMTRXometry, Inc.
    5.0%$25.0MHistory
  5. GLBEGlobal-E Online Ltd.
    4.8%$23.8MHistory

Share of portfolio

Top 5 holdings and the other 49 positions, by share of portfolio value

  1. CAMT5.8%
  2. CGNX5.1%
  3. DDOG5.1%
  4. XMTR5.0%
  5. GLBE4.8%
  6. Other 49 positions74.2%

Biggest buys

New and added positions, by estimated amount bought

  1. WRBYWarby Parker Inc.
    +$4.24MNewHistory
  2. PKEPark Aerospace Corp
    +$4.15MNewHistory
  3. KRMNKarman Holdings Inc.
    +$3.13MNewHistory
  4. AMSCAmerican Superconductor Corp
    +$2.83MNewHistory
  5. FIGRFigure Technology Solutions, Inc.
    +$2.81MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. WRBYWarby Parker Inc.
    +0.85 pp0.0% → 0.8%History
  2. PKEPark Aerospace Corp
    +0.83 pp0.0% → 0.8%History
  3. LOARLoar Holdings Inc.
    +0.76 pp0.6% → 1.4%History
  4. KRMNKarman Holdings Inc.
    +0.63 pp0.0% → 0.6%History
  5. AMSCAmerican Superconductor Corp
    +0.57 pp0.0% → 0.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CAMTCamtek Ltd
    −$72.0MReducedHistory
  2. GLBEGlobal-E Online Ltd.
    −$24.8MReducedHistory
  3. MELIMercadolibre Inc
    −$24.5MSold outHistory
  4. SHOPShopify Inc.
    −$23.9MSold outHistory
  5. CLBTCellebrite DI Ltd.
    −$22.8MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. CAMTCamtek Ltd
    −7.52 pp13.4% → 5.8%History
  2. MELIMercadolibre Inc
    −3.48 pp3.5% → 0.0%History
  3. SHOPShopify Inc.
    −3.40 pp3.4% → 0.0%History
  4. ICLRIcon PLC
    −2.48 pp2.5% → 0.0%History
  5. CLBTCellebrite DI Ltd.
    −1.96 pp5.3% → 3.3%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$500.2M
−$203.8M (−28.9%) vs. prior quarter
Positions
54
−2 vs. prior quarter
Top 10 concentration
45.7%
Top 10 as share of value
Turnover
3.8%
Q2 2026, one quarter
Average holding period
14.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $13.4B (Q1 2021)

Q1 2021: $13.4BQ2 2021: $13.2BQ3 2021: $12.2BQ4 2021: $12.1BQ1 2022: $10.0BQ2 2022: $7.47BQ3 2022: $7.13BQ4 2022: $6.05BQ1 2023: $6.69BQ2 2023: $7.05BQ3 2023: $6.52BQ4 2023: $6.66BQ1 2024: $5.65BQ2 2024: $4.95BQ3 2024: $4.65BQ4 2024: $4.32BQ1 2025: $3.32BQ2 2025: $3.44BQ3 2025: $2.43BQ4 2025: $1.22BQ1 2026: $704.0MQ2 2026: $500.2M
Q1 2021Q2 2026
13F filings of Brown Capital Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 27, 202654$500.2MCAMTCGNXDDOGvs. Q1 2026SEC
Q1 2026May 14, 202656$704.0MCAMTGLBECLBTvs. Q4 2025SEC
Q4 2025Feb 17, 202655$1.22BCAMTGLBECyberark Software Ltdvs. Q3 2025SEC
Q3 2025Nov 4, 202554$2.43BCyberark Software LtdCAMTVEEVvs. Q2 2025SEC
Q2 2025Aug 13, 202583$3.44BCyberark Software LtdVEEVGWREvs. Q1 2025SEC
Q1 2025May 15, 2025105$3.32BCyberark Software LtdVEEVTYLvs. Q4 2024SEC
Q4 2024Feb 14, 2025118$4.32BCyberark Software LtdGKOSDDOGvs. Q3 2024SEC
Q3 2024Nov 12, 2024133$4.65BGWREMANHTYLvs. Q2 2024SEC
Q2 2024Aug 12, 2024130$4.95BGWREMANHDDOGvs. Q1 2024SEC
Q1 2024May 15, 2024133$5.65BAPPFMANHVEEVvs. Q4 2023SEC
Q4 2023Feb 14, 2024128$6.66BDDOGSMARGWREvs. Q3 2023SEC
Q3 2023Nov 14, 2023126$6.52BAPPFVEEVMANHvs. Q2 2023SEC
Q2 2023Aug 14, 2023126$7.05BMANHAPPFDDOGvs. Q1 2023SEC
Q1 2023May 15, 2023124$6.69BANSSAPPFMANHvs. Q4 2022SEC
Q4 2022Feb 14, 2023128$6.05BPAYCMANHAPPFvs. Q3 2022SEC
Q3 2022Nov 14, 2022124$7.13BMANHPAYCTYLvs. Q2 2022SEC
Q2 2022Aug 15, 2022124$7.47BMANHVEEVTYLvs. Q1 2022SEC
Q1 2022May 16, 2022127$10.0BCGNXTYLDDOGvs. Q4 2021SEC
Q4 2021Feb 14, 2022129$12.1BTYLDDOGMANHvs. Q3 2021SEC
Q3 2021Nov 15, 2021127$12.2BPAYCDDOGTYLvs. Q2 2021SEC
Q2 2021Aug 16, 2021122$13.2BCGNXVEEVTYLvs. Q1 2021SEC
Q1 2021May 14, 2021127$13.4BCGNXMANHPAYC–SEC

13D and 13G filings

Companies where Brown Capital Management LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

2 companies, largest stake first.

Companies where Brown Capital Management LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
OLOOlo Inc.13G/A5.95%7.01M shares−1.23 ppfrom 7.18%Dec 10, 20219 filingsMay 15, 2025SEC
ENFNEnfusion, Inc.13G/A5.43%5.14M shares–Oct 11, 20226 filingsMay 15, 2025SEC

Latest filings

158 filings on file made by Brown Capital Management LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Brown Capital Management LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
CYRXCryoport, Inc.Feb 17, 20265:00 PM ET13G/A2.20%1.11M shares−3.04 ppfrom 5.24%Below 5%Dec 31, 2025SEC
VCELVericel CorpNov 12, 20254:43 PM ET13G/A3.87%1.95M shares−2.69 ppfrom 6.56%Below 5%Sep 30, 2025SEC
CYRXCryoport, Inc.Nov 12, 20252:15 PM ET13G/A5.24%2.62M shares−2.34 ppfrom 7.58%Sep 30, 2025SEC
CTKBCytek Biosciences, Inc.Nov 12, 20252:00 PM ET13G/A3.90%4.96M shares−1.99 ppfrom 5.89%Below 5%Sep 30, 2025SEC
KIDSOrthopediatrics CorpNov 12, 20251:52 PM ET13G/A4.31%1.08M shares−2.43 ppfrom 6.74%Below 5%Sep 30, 2025SEC
XMTRXometry, Inc.Nov 12, 20251:46 PM ET13G/A3.27%1.61M shares−2.71 ppfrom 5.98%Below 5%Sep 30, 2025SEC
CYRXCryoport, Inc.Aug 13, 20255:16 PM ET13G/A7.58%3.80M shares−1.44 ppfrom 9.02%Jun 30, 2025SEC
XMTRXometry, Inc.Aug 13, 20255:08 PM ET13G/A5.98%2.94M shares−1.19 ppfrom 7.17%Jun 30, 2025SEC
KIDSOrthopediatrics CorpMay 15, 20252:38 PM ET13G/A6.74%1.67M shares−1.03 ppfrom 7.77%Mar 31, 2025SEC
OLOOlo Inc.May 15, 20252:17 PM ET13G/A5.95%7.01M shares−1.23 ppfrom 7.18%Mar 31, 2025SEC
ERIIEnergy Recovery, Inc.May 15, 20252:11 PM ET13G/A4.76%2.60M shares−0.28 ppfrom 5.04%Below 5%Mar 31, 2025SEC
CTKBCytek Biosciences, Inc.May 15, 20252:07 PM ET13G/A5.89%7.46M shares–Mar 31, 2025SEC
INGNInogen IncMay 15, 20252:04 PM ET13G/A0.00%0 shares–Below 5%Mar 31, 2025SEC
ENFNEnfusion, Inc.May 15, 20252:03 PM ET13G/A5.43%5.14M shares–Mar 31, 2025SEC
VCELVericel CorpMay 15, 202512:58 PM ET13G/A6.56%3.24M shares0.00 ppfrom 6.56%Dec 31, 2024SEC
XMTRXometry, Inc.May 15, 202512:54 PM ET13G/A7.17%3.45M shares0.00 ppfrom 7.17%Dec 31, 2024SEC
OLOOlo Inc.May 15, 202512:53 PM ET13G/A7.18%8.02M shares0.00 ppfrom 7.18%Dec 31, 2024SEC
ERIIEnergy Recovery, Inc.May 15, 202512:51 PM ET13G/A5.04%2.92M shares0.00 ppfrom 5.04%Dec 31, 2024SEC
KIDSOrthopediatrics CorpMay 15, 202512:50 PM ET13G/A7.77%1.88M shares0.00 ppfrom 7.77%Dec 31, 2024SEC
HLIOHelios Technologies, Inc.May 15, 202512:46 PM ET13G/A4.60%1.53M shares0.00 ppfrom 4.60%Below 5%Dec 31, 2024SEC