Top 5 2nd Quarter Trades of BROWN CAPITAL MANAGEMENT LLC

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Aug 15, 2022
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BROWN CAPITAL MANAGEMENT LLC recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

Brown Capital Management is an investment management company based out of Baltimore. The company was established by Eddie Brown in 1983. Brown Capital Management grow and expand from its inception, launching its Small Company Service in 1991 and Mid Capitalization Service in 1992. The company continue to expand its business offerings, launching a variety of new services and mutual funds and establishing the Management Committee in 2006. The company is currently headed by CEO and Portfolio Manager Eddie C. Brown and has 34 employees with 11 of them being investment professionals. The firm is employee owned with the majority of ownership split between Keith A. Lee and Eddie C. Brown. Brown Capital Management utilizes a bottom up analysis with a fundamental methodology to make its investments, focusing on the growth stocks of companies across all market caps. The company invests most heavily in the information technology sector, which alone makes up over half of its total asset allocations, and also invests in the health care sector, which makes up another third of its total asset allocations, among other sectors to a lesser degree including industrials, consumer discretionary, and materials, in order of decreasing asset allocation. Brown Capital Management currently holds over $6.8 billion in total assets under management spread across 122 accounts, all of which are discretionary accounts. Although its total number of accounts held has not changed significantly in recent years, its total assets under management has been increasing, growing from $1.75 billion back in 2010 to almost four times that amount today. The company mainly caters to high net worth individuals, which alone makes up almost a third of its client base, and also provides services to individuals, pension and profit sharing plans, charities, state or municipal entities, investment companies, and corporations, among others, in order of decreasing clientele. Brown Capital Management’s line up of funds currently includes its Mid Cap, International Equity, and Small Company funds.

As of the latest 13F report, the guru’s equity portfolio contained 124 stocks valued at a total of $7.47Bil. The top holdings were MANH(5.28%), VEEV(5.24%), and TYL(5.06%).

According to GuruFocus data, these were BROWN CAPITAL MANAGEMENT LLC’s top five trades of the quarter.

Xometry Inc


During the quarter, BROWN CAPITAL MANAGEMENT LLC bought 346,087 shares of NAS:XMTR for a total holding of 2,252,253. The trade had a 0.18% impact on the equity portfolio. During the quarter, the stock traded for an average price of $38.

On 08/15/2022, Xometry Inc traded for a price of $50.015 per share and a market cap of $2.36Bil. The stock has returned -28.79% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 1 out of 10.

In terms of valuation, Xometry Inc has a price-book ratio of 5.89, a EV-to-Ebitda ratio of -33.98 and a price-sales ratio of 7.60.

Anaplan Inc


The guru sold out of their 4,209,499-share investment in NYSE:PLAN. Previously, the stock had a 2.73% weight in the equity portfolio. Shares traded for an average price of $64.77 during the quarter.

On 08/15/2022, Anaplan Inc traded for a price of $63.73 per share and a market cap of $9.59Bil. The stock has returned 16.85% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 3 out of 10.

In terms of valuation, Anaplan Inc has a price-book ratio of 38.93, a EV-to-Ebitda ratio of -51.13 and a price-sales ratio of 14.91.

The price-to-GF Value ratio is 0.82, earning the stock a GF Value rank of 9.

Repligen Corp


During the quarter, BROWN CAPITAL MANAGEMENT LLC bought 302,286 shares of NAS:RGEN for a total holding of 1,757,047. The trade had a 0.66% impact on the equity portfolio. During the quarter, the stock traded for an average price of $158.63.

On 08/15/2022, Repligen Corp traded for a price of $255.42 per share and a market cap of $14.19Bil. The stock has returned -0.87% over the past year.

GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, Repligen Corp has a price-earnings ratio of 92.33, a price-book ratio of 7.86, a price-earnings-to-growth (PEG) ratio of 2.20, a EV-to-Ebitda ratio of 56.78 and a price-sales ratio of 18.96.

The price-to-GF Value ratio is 0.81, earning the stock a GF Value rank of 10.

QuidelOrtho Corp


BROWN CAPITAL MANAGEMENT LLC reduced their investment in NAS:QDEL by 523,701 shares. The trade had a 0.59% impact on the equity portfolio. During the quarter, the stock traded for an average price of $102.11.

On 08/15/2022, QuidelOrtho Corp traded for a price of $88.275 per share and a market cap of $5.89Bil. The stock has returned -27.91% over the past year.

GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 7 out of 10.

In terms of valuation, QuidelOrtho Corp has a price-earnings ratio of 3.69, a price-book ratio of 1.53, a price-earnings-to-growth (PEG) ratio of 0.03, a EV-to-Ebitda ratio of 3.45 and a price-sales ratio of 1.63.

The price-to-GF Value ratio is 0.28, earning the stock a GF Value rank of 2.

CryoPort Inc


During the quarter, BROWN CAPITAL MANAGEMENT LLC bought 1,382,963 shares of NAS:CYRX for a total holding of 4,507,634. The trade had a 0.57% impact on the equity portfolio. During the quarter, the stock traded for an average price of $26.74.

On 08/15/2022, CryoPort Inc traded for a price of $44.94 per share and a market cap of $2.16Bil. The stock has returned -22.11% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 3 out of 10.

In terms of valuation, CryoPort Inc has a price-book ratio of 3.91, a EV-to-Ebitda ratio of -7.88 and a price-sales ratio of 9.37.

The price-to-GF Value ratio is 0.48, earning the stock a GF Value rank of 4.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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