BROWN CAPITAL MANAGEMENT LLC Diversified Active

Location: BALTIMORE, MD

CIK: 0000885062 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 14, 2026

Total Value ($000): $703,990 (100.0% shares, 0.0% debt)

Holdings (56)

New Positions (5)

CLBT CELLEBRITE DI LTD 5.3%

Value ($000) $37,239 Shares 2,702,379 Est. Cost $15.55 Unrealized 0.0%

KRYS KRYSTAL BIOTECH INC 0.3%

Value ($000) $2,389 Shares 9,247 Est. Cost $272.40 Unrealized 0.0%

XPEL XPEL INC 0.3%

Value ($000) $2,285 Shares 51,616 Est. Cost $52.39 Unrealized 0.0%

SITM SITIME CORP 0.2%

Value ($000) $1,547 Shares 4,479 Est. Cost $377.59 Unrealized 0.0%

CRDO CREDO TECHNOLOGY GROUP HOLDI 0.2%

Value ($000) $1,498 Shares 15,956 Est. Cost $131.33 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CLBT	CELLEBRITE DI LTD	2,702,379	$37,239	5.3%	$15.55	0.0%	ORDINARY SHARES	M2197Q107
KRYS	KRYSTAL BIOTECH INC	9,247	$2,389	0.3%	$272.40	0.0%	COM	501147102
XPEL	XPEL INC	51,616	$2,285	0.3%	$52.39	0.0%	COM	98379L100
SITM	SITIME CORP	4,479	$1,547	0.2%	$377.59	0.0%	COM	82982T106
CRDO	CREDO TECHNOLOGY GROUP HOLDI	15,956	$1,498	0.2%	$131.33	0.0%	ORDINARY SHARES	G25457105

Increased Positions (2)

ICLR ICON PLC 2.5%

Value ($000) $17,486 (-23.0%) Shares 158,018 (+26.8%) Est. Cost $101.96 Unrealized +53.4%

TEAM ATLASSIAN CORPORATION 1.3%

Value ($000) $8,930 (-27.5%) Shares 130,838 (+72.1%) Est. Cost $140.50 Unrealized -19.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ICLR	ICON PLC	158,018 (+26.8%)	$17,486 (-23.0%)	2.5%	$101.96	+53.4%	SHS	G4705A100
TEAM	ATLASSIAN CORPORATION	130,838 (+72.1%)	$8,930 (-27.5%)	1.3%	$140.50	-19.4%	CL A	049468101

Exited Positions (4)

— CYBERARK SOFTWARE LTD 9.7%

Value ($000) $68,042 Shares 152,539 Est. Cost $127.27 Unrealized —

MNDY MONDAY COM LTD 1.5%

Value ($000) $10,484 Shares 71,052 Est. Cost $213.09 Unrealized -48.7%

MSFT MICROSOFT CORP 0.0%

Value ($000) $212 Shares 438 Est. Cost $90.31 Unrealized +381.2%

AMZN AMAZON COM INC 0.0%

Value ($000) $208 Shares 903 Est. Cost $120.46 Unrealized +88.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	CYBERARK SOFTWARE LTD	152,539	$68,042	9.7%	$127.27	—	—	M2682V108
MNDY	MONDAY COM LTD	71,052	$10,484	1.5%	$213.09	-48.7%	—	M7S64H106
MSFT	MICROSOFT CORP	438	$212	0.0%	$90.31	+381.2%	—	594918104
AMZN	AMAZON COM INC	903	$208	0.0%	$120.46	+88.3%	—	023135106

Decreased Positions (47)

GLBE GLOBAL E ONLINE LTD 6.1%

Value ($000) $43,156 (-54.3%) Shares 1,398,886 (-41.8%) Est. Cost $38.27 Unrealized -5.4%

RGEN REPLIGEN CORP 2.8%

Value ($000) $20,029 (-55.4%) Shares 169,996 (-38.0%) Est. Cost $177.63 Unrealized -14.2%

XMTR XOMETRY INC 2.4%

Value ($000) $17,198 (-58.6%) Shares 421,097 (-39.7%) Est. Cost $33.54 Unrealized +80.7%

CAMT CAMTEK LTD 13.4%

Value ($000) $94,013 (-17.8%) Shares 620,098 (-42.3%) Est. Cost $78.41 Unrealized +86.1%

APPF APPFOLIO INC 2.4%

Value ($000) $17,066 (-51.8%) Shares 108,134 (-28.9%) Est. Cost $116.71 Unrealized +71.6%

CWAN CLEARWATER ANALYTICS HLDGS I 1.9%

Value ($000) $13,138 (-57.0%) Shares 555,511 (-56.1%) Est. Cost $19.52 Unrealized +22.1%

GWRE GUIDEWIRE SOFTWARE INC 2.8%

Value ($000) $19,586 (-46.9%) Shares 130,955 (-28.7%) Est. Cost $61.22 Unrealized +145.3%

FLUT FLUTTER ENTMT PLC 1.6%

Value ($000) $11,344 (-60.1%) Shares 111,273 (-15.9%) Est. Cost $204.82 Unrealized -18.7%

SHOP SHOPIFY INC 3.4%

Value ($000) $23,928 (-40.1%) Shares 201,723 (-18.7%) Est. Cost $43.21 Unrealized +215.8%

VEEV VEEVA SYS INC 2.9%

Value ($000) $20,189 (-43.5%) Shares 114,935 (-28.2%) Est. Cost $36.77 Unrealized +454.7%

TYL TYLER TECHNOLOGIES INC 2.6%

Value ($000) $18,121 (-46.1%) Shares 52,926 (-28.5%) Est. Cost $83.45 Unrealized +361.4%

MANH MANHATTAN ASSOCIATES INC 2.5%

Value ($000) $17,840 (-45.1%) Shares 134,011 (-28.5%) Est. Cost $40.25 Unrealized +287.1%

AGYS AGILYSYS INC 1.6%

Value ($000) $10,912 (-57.3%) Shares 153,392 (-28.7%) Est. Cost $88.98 Unrealized +8.0%

QTWO Q2 HLDGS INC 1.7%

Value ($000) $11,953 (-53.4%) Shares 252,699 (-28.9%) Est. Cost $64.55 Unrealized -5.9%

DDOG DATADOG INC 3.0%

Value ($000) $20,837 (-37.3%) Shares 176,510 (-27.8%) Est. Cost $63.43 Unrealized +95.4%

GKOS GLAUKOS CORP 3.5%

Value ($000) $24,765 (-32.8%) Shares 230,028 (-29.6%) Est. Cost $57.90 Unrealized +100.5%

NCNO NCINO INC 1.1%

Value ($000) $7,936 (-58.1%) Shares 529,786 (-28.4%) Est. Cost $37.49 Unrealized -44.6%

VCEL VERICEL CORP 2.7%

Value ($000) $19,061 (-36.4%) Shares 592,494 (-28.8%) Est. Cost $25.76 Unrealized +44.2%

PAYC PAYCOM SOFTWARE INC 1.8%

Value ($000) $12,699 (-45.4%) Shares 104,486 (-28.4%) Est. Cost $78.03 Unrealized +76.7%

ALRM ALARM COM HLDGS INC 2.2%

Value ($000) $15,513 (-39.8%) Shares 359,177 (-28.8%) Est. Cost $51.69 Unrealized -6.1%

MELI MERCADOLIBRE INC 3.5%

Value ($000) $24,476 (-29.3%) Shares 14,156 (-17.6%) Est. Cost $934.33 Unrealized +121.2%

TECH BIO-TECHNE CORP 2.3%

Value ($000) $16,178 (-36.9%) Shares 309,561 (-28.9%) Est. Cost $64.37 Unrealized -0.5%

WK WORKIVA INC 1.3%

Value ($000) $8,885 (-50.6%) Shares 148,997 (-28.5%) Est. Cost $90.67 Unrealized -17.5%

TMDX TRANSMEDICS GROUP INC 1.4%

Value ($000) $9,738 (-45.1%) Shares 97,954 (-32.9%) Est. Cost $68.78 Unrealized +96.8%

UFPT UFP TECHNOLOGIES INC 1.6%

Value ($000) $11,385 (-38.7%) Shares 58,807 (-29.7%) Est. Cost $249.63 Unrealized +0.6%

VERX VERTEX INC 0.7%

Value ($000) $5,167 (-57.6%) Shares 434,579 (-28.8%) Est. Cost $38.64 Unrealized -56.4%

BMI BADGER METER INC 1.6%

Value ($000) $10,987 (-37.9%) Shares 72,119 (-29.0%) Est. Cost $206.67 Unrealized -21.7%

INSP INSPIRE MED SYS INC 0.6%

Value ($000) $4,352 (-60.7%) Shares 84,368 (-29.7%) Est. Cost $187.43 Unrealized -58.7%

RDVT RED VIOLET INC 0.7%

Value ($000) $4,692 (-53.0%) Shares 135,602 (-22.7%) Est. Cost $47.41 Unrealized -2.6%

DUOL DUOLINGO INC 0.5%

Value ($000) $3,479 (-60.2%) Shares 35,299 (-29.2%) Est. Cost $334.45 Unrealized -58.8%

SPSC SPS COMM INC 0.6%

Value ($000) $4,028 (-55.5%) Shares 72,362 (-28.7%) Est. Cost $168.44 Unrealized -52.6%

ERII ENERGY RECOVERY INC 0.8%

Value ($000) $5,418 (-47.5%) Shares 538,063 (-29.6%) Est. Cost $22.66 Unrealized -34.6%

CHKP CHECK POINT SOFTWARE TECH LT 0.7%

Value ($000) $4,607 (-48.1%) Shares 32,253 (-32.6%) Est. Cost $92.03 Unrealized +91.7%

CYRX CRYOPORT INC 0.9%

Value ($000) $6,463 (-39.5%) Shares 780,564 (-29.9%) Est. Cost $37.91 Unrealized -74.8%

KIDS ORTHOPEDIATRICS CORP 0.7%

Value ($000) $4,928 (-46.0%) Shares 310,548 (-39.6%) Est. Cost $47.52 Unrealized -63.0%

CTKB CYTEK BIOSCIENCES INC 0.9%

Value ($000) $6,470 (-38.2%) Shares 1,480,506 (-28.6%) Est. Cost $10.77 Unrealized -54.2%

INTA INTAPP INC 0.4%

Value ($000) $2,914 (-57.2%) Shares 113,419 (-23.7%) Est. Cost $43.22 Unrealized -25.0%

DV DOUBLEVERIFY HLDGS INC 0.8%

Value ($000) $5,554 (-40.5%) Shares 584,579 (-28.3%) Est. Cost $29.04 Unrealized -64.7%

AXGN AXOGEN INC 1.2%

Value ($000) $8,599 (-24.8%) Shares 259,549 (-25.7%) Est. Cost $14.51 Unrealized +129.5%

CGNX COGNEX CORP 2.9%

Value ($000) $20,313 (-11.5%) Shares 414,638 (-35.0%) Est. Cost $36.75 Unrealized +21.1%

LOAR LOAR HOLDINGS INC 0.6%

Value ($000) $4,253 (-35.6%) Shares 74,228 (-23.6%) Est. Cost $72.91 Unrealized -5.5%

RXST RXSIGHT INC 0.2%

Value ($000) $1,533 (-58.9%) Shares 248,896 (-30.4%) Est. Cost $42.01 Unrealized -78.5%

AVPT AVEPOINT INC 0.3%

Value ($000) $2,257 (-42.0%) Shares 237,280 (-15.3%) Est. Cost $13.81 Unrealized -14.3%

VCYT VERACYTE INC 0.5%

Value ($000) $3,473 (-27.7%) Shares 107,819 (-5.6%) Est. Cost $40.31 Unrealized -2.5%

CORT CORCEPT THERAPEUTICS INC 0.5%

Value ($000) $3,777 (-21.5%) Shares 93,693 (-32.2%) Est. Cost $72.36 Unrealized -46.4%

MAMA MAMAS CREATIONS INC 0.8%

Value ($000) $5,542 (-12.5%) Shares 361,268 (-23.1%) Est. Cost $9.07 Unrealized +63.6%

PDFS PDF SOLUTIONS INC 0.5%

Value ($000) $3,412 (-4.4%) Shares 104,322 (-16.6%) Est. Cost $27.67 Unrealized +17.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLBE	GLOBAL E ONLINE LTD	1,398,886 (-41.8%)	$43,156 (-54.3%)	6.1%	$38.27	-5.4%	SHS	M5216V106
RGEN	REPLIGEN CORP	169,996 (-38.0%)	$20,029 (-55.4%)	2.8%	$177.63	-14.2%	COM	759916109
XMTR	XOMETRY INC	421,097 (-39.7%)	$17,198 (-58.6%)	2.4%	$33.54	+80.7%	CLASS A COM	98423F109
CAMT	CAMTEK LTD	620,098 (-42.3%)	$94,013 (-17.8%)	13.4%	$78.41	+86.1%	ORD	M20791105
APPF	APPFOLIO INC	108,134 (-28.9%)	$17,066 (-51.8%)	2.4%	$116.71	+71.6%	COM CL A	03783C100
CWAN	CLEARWATER ANALYTICS HLDGS I	555,511 (-56.1%)	$13,138 (-57.0%)	1.9%	$19.52	+22.1%	CL A	185123106
GWRE	GUIDEWIRE SOFTWARE INC	130,955 (-28.7%)	$19,586 (-46.9%)	2.8%	$61.22	+145.3%	COM	40171V100
FLUT	FLUTTER ENTMT PLC	111,273 (-15.9%)	$11,344 (-60.1%)	1.6%	$204.82	-18.7%	SHS	G3643J108
SHOP	SHOPIFY INC	201,723 (-18.7%)	$23,928 (-40.1%)	3.4%	$43.21	+215.8%	CL A SUB VTG SHS	82509L107
VEEV	VEEVA SYS INC	114,935 (-28.2%)	$20,189 (-43.5%)	2.9%	$36.77	+454.7%	CL A COM	922475108
TYL	TYLER TECHNOLOGIES INC	52,926 (-28.5%)	$18,121 (-46.1%)	2.6%	$83.45	+361.4%	COM	902252105
MANH	MANHATTAN ASSOCIATES INC	134,011 (-28.5%)	$17,840 (-45.1%)	2.5%	$40.25	+287.1%	COM	562750109
AGYS	AGILYSYS INC	153,392 (-28.7%)	$10,912 (-57.3%)	1.6%	$88.98	+8.0%	COM	00847J105
QTWO	Q2 HLDGS INC	252,699 (-28.9%)	$11,953 (-53.4%)	1.7%	$64.55	-5.9%	COM	74736L109
DDOG	DATADOG INC	176,510 (-27.8%)	$20,837 (-37.3%)	3.0%	$63.43	+95.4%	CL A COM	23804L103
GKOS	GLAUKOS CORP	230,028 (-29.6%)	$24,765 (-32.8%)	3.5%	$57.90	+100.5%	COM	377322102
NCNO	NCINO INC	529,786 (-28.4%)	$7,936 (-58.1%)	1.1%	$37.49	-44.6%	COM	63947X101
VCEL	VERICEL CORP	592,494 (-28.8%)	$19,061 (-36.4%)	2.7%	$25.76	+44.2%	COM	92346J108
PAYC	PAYCOM SOFTWARE INC	104,486 (-28.4%)	$12,699 (-45.4%)	1.8%	$78.03	+76.7%	COM	70432V102
ALRM	ALARM COM HLDGS INC	359,177 (-28.8%)	$15,513 (-39.8%)	2.2%	$51.69	-6.1%	COM	011642105
MELI	MERCADOLIBRE INC	14,156 (-17.6%)	$24,476 (-29.3%)	3.5%	$934.33	+121.2%	COM	58733R102
TECH	BIO-TECHNE CORP	309,561 (-28.9%)	$16,178 (-36.9%)	2.3%	$64.37	-0.5%	COM	09073M104
WK	WORKIVA INC	148,997 (-28.5%)	$8,885 (-50.6%)	1.3%	$90.67	-17.5%	COM CL A	98139A105
TMDX	TRANSMEDICS GROUP INC	97,954 (-32.9%)	$9,738 (-45.1%)	1.4%	$68.78	+96.8%	COM	89377M109
UFPT	UFP TECHNOLOGIES INC	58,807 (-29.7%)	$11,385 (-38.7%)	1.6%	$249.63	+0.6%	COM	902673102
VERX	VERTEX INC	434,579 (-28.8%)	$5,167 (-57.6%)	0.7%	$38.64	-56.4%	CL A	92538J106
BMI	BADGER METER INC	72,119 (-29.0%)	$10,987 (-37.9%)	1.6%	$206.67	-21.7%	COM	056525108
INSP	INSPIRE MED SYS INC	84,368 (-29.7%)	$4,352 (-60.7%)	0.6%	$187.43	-58.7%	COM	457730109
RDVT	RED VIOLET INC	135,602 (-22.7%)	$4,692 (-53.0%)	0.7%	$47.41	-2.6%	COM	75704L104
DUOL	DUOLINGO INC	35,299 (-29.2%)	$3,479 (-60.2%)	0.5%	$334.45	-58.8%	CL A COM	26603R106
SPSC	SPS COMM INC	72,362 (-28.7%)	$4,028 (-55.5%)	0.6%	$168.44	-52.6%	COM	78463M107
ERII	ENERGY RECOVERY INC	538,063 (-29.6%)	$5,418 (-47.5%)	0.8%	$22.66	-34.6%	COM	29270J100
CHKP	CHECK POINT SOFTWARE TECH LT	32,253 (-32.6%)	$4,607 (-48.1%)	0.7%	$92.03	+91.7%	ORD	M22465104
CYRX	CRYOPORT INC	780,564 (-29.9%)	$6,463 (-39.5%)	0.9%	$37.91	-74.8%	COM PAR $0.001	229050307
KIDS	ORTHOPEDIATRICS CORP	310,548 (-39.6%)	$4,928 (-46.0%)	0.7%	$47.52	-63.0%	COM	68752L100
CTKB	CYTEK BIOSCIENCES INC	1,480,506 (-28.6%)	$6,470 (-38.2%)	0.9%	$10.77	-54.2%	COM	23285D109
INTA	INTAPP INC	113,419 (-23.7%)	$2,914 (-57.2%)	0.4%	$43.22	-25.0%	COM	45827U109
DV	DOUBLEVERIFY HLDGS INC	584,579 (-28.3%)	$5,554 (-40.5%)	0.8%	$29.04	-64.7%	COM	25862V105
AXGN	AXOGEN INC	259,549 (-25.7%)	$8,599 (-24.8%)	1.2%	$14.51	+129.5%	COM	05463X106
CGNX	COGNEX CORP	414,638 (-35.0%)	$20,313 (-11.5%)	2.9%	$36.75	+21.1%	COM	192422103
LOAR	LOAR HOLDINGS INC	74,228 (-23.6%)	$4,253 (-35.6%)	0.6%	$72.91	-5.5%	COM SHS	53947R105
RXST	RXSIGHT INC	248,896 (-30.4%)	$1,533 (-58.9%)	0.2%	$42.01	-78.5%	COM	78349D107
AVPT	AVEPOINT INC	237,280 (-15.3%)	$2,257 (-42.0%)	0.3%	$13.81	-14.3%	COM CL A	053604104
VCYT	VERACYTE INC	107,819 (-5.6%)	$3,473 (-27.7%)	0.5%	$40.31	-2.5%	COM	92337F107
CORT	CORCEPT THERAPEUTICS INC	93,693 (-32.2%)	$3,777 (-21.5%)	0.5%	$72.36	-46.4%	COM	218352102
MAMA	MAMAS CREATIONS INC	361,268 (-23.1%)	$5,542 (-12.5%)	0.8%	$9.07	+63.6%	COM	56146T103
PDFS	PDF SOLUTIONS INC	104,322 (-16.6%)	$3,412 (-4.4%)	0.5%	$27.67	+17.2%	COM	693282105

Unchanged Positions (2)

GOOGL ALPHABET INC 0.0%

Value ($000) $214 Shares 744 Est. Cost $106.67 Unrealized +203.1%

AAPL APPLE INC 0.0%

Value ($000) $242 Shares 952 Est. Cost $91.13 Unrealized +188.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	744	$214	0.0%	$106.67	+203.1%	CAP STK CL A	02079K305
AAPL	APPLE INC	952	$242	0.0%	$91.13	+188.4%	COM	037833100