13F 申报指南13F 概念全攻略
什么是 SEC Form 13F 申报？美股机构大户持股全攻略
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
AlphaSMO 权威研究指南阅读专题
CIK: 0000885062
申报总市值
US$5.0亿
US$5.0亿
54 檔
124.7%
Brown Capital Management LLC 在 Q3 2025 季度的美股仓位总计估值为 US$5.0亿，分散于 54 个持仓标的之中，反映其市场参与广度与投资规模。
在 Q3 2025，Brown Capital Management LLC 展现出较为审慎的避险与获利了结姿态。本季共减仓 42 个仓位并完全清仓 55 档持股，调降曝光的仓位数量高于加仓动作。
在资产配置集中度方面，Brown Capital Management LLC 的前 5 大核心持股（包含 CYBERARK SOFTWARE LTD. CMN, CAMT, VEEV 等）合计占整体申报市值的 124.7%，反映机构在主要关键仓位上的权重分布。
| # | 代码 | 标的名称 | 资产子类别 | 占比 | 占比变动 | 持仓量变化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 8.13% | — | -31.37% | |
| 2 | CAMT | Camtek Ltd. | 股票-其他 | 5.00% | -7.51% | +1.21% | |
| 3 | VEEV | Veeva Systems Inc-class A | 股票-医疗保健 | 4.47% | +0.66% | -34.63% | |
| 4 | DDOG | Datadog Inc - Class A | 股票-科技 | 4.18% | +2.13% | -37.15% | |
| 5 | GWRE | Guidewire Software Inc | 股票-科技 | 3.92% | +0.51% | -36.18% | |
| 6 | APPF | Appfolio Inc - A | 股票-科技 | 3.88% | +0.77% | -40.92% | |
| 7 | RGEN | Repligen CORP | 股票-医疗保健 | 3.68% | +0.99% | -33.47% | |
| 8 | XMTR | Xometry Inc-a | 股票-其他 | 3.62% | +2.56% | -45.25% | |
| 9 | MANH | Manhattan Associates Inc | 股票-科技 | 3.54% | +0.70% | -35.27% | |
| 10 | GLBE | Global-E Online Ltd. | 股票-其他 | 3.52% | -1.37% | +9.95% | |
| 11 | TYL | Tyler Technologies Inc | 股票-科技 | 3.49% | -0.35% | -32.29% | |
| 12 | FLUT | Flutter Entertainment plc | 股票-周期性消费 | 2.84% | -1.61% | EXIT | |
| 13 | PAYC | Paycom Software Inc | 股票-科技 | 2.80% | -0.45% | -31.32% | |
| 14 | CGNX | Cognex CORP | 股票-科技 | 2.70% | +2.21% | -36.27% | |
| 15 | GKOS | Glaukos CORP | 股票-医疗保健 | 2.56% | +1.17% | -33.04% | |
| 16 | VCEL | Vericel CORP | 股票-其他 | 2.53% | +1.77% | -30.62% | |
| 17 | ALRM | Alarm.com Holdings Inc | 股票-其他 | 2.47% | -1.07% | -33.84% | |
| 18 | QTWO | Q2 Holdings Inc | 股票-科技 | 2.40% | +0.40% | -30.38% | |
| 19 | TECH | Bio-techne CORP | 股票-医疗保健 | 2.37% | +0.49% | -34.17% | |
| 20 | SHOP | Shopify Inc - Class A | 股票-科技 | 2.32% | -3.40% | EXIT | |
| 21 | MELI | Mercadolibre Inc | 股票-周期性消费 | 2.23% | -3.48% | EXIT | |
| 22 | AGYS | Agilysys Inc | 股票-其他 | 2.09% | +1.21% | -25.34% | |
| 23 | NCNO | Ncino Inc | 股票-其他 | 1.88% | +0.08% | -18.24% | |
| 24 | CWAN | Clearwater Analytics Holdings, Inc. | 股票-科技 | 1.86% | -1.87% | EXIT | |
| 25 | WK | Workiva Inc | 股票-科技 | 1.64% | -0.01% | -34.28% | |
| 26 | BMI | Badger Meter Inc | 股票-科技 | 1.54% | +0.29% | +28.14% | |
| 27 | TMDX | Transmedics Group Inc | 股票-医疗保健 | 1.45% | -0.19% | -30.47% | |
| 28 | UFPT | Ufp Technologies Inc | 股票-其他 | 1.38% | +1.07% | -1.58% | |
| 29 | VERX | Vertex Inc - Class A | 股票-其他 | 1.33% | +0.13% | -8.80% | |
| 30 | ICLR | ICON Public Limited Company | 股票-医疗保健 | 1.23% | -2.48% | EXIT | |
| 31 | DUOL | Duolingo | 股票-科技 | 1.06% | +0.21% | — | |
| 32 | CYRX | Cryoport Inc | 股票-其他 | 1.02% | +1.18% | -30.99% | |
| 33 | ERII | Energy Recovery Inc | 股票-其他 | 1.02% | -0.26% | -35.35% | |
| 34 | SPSC | Sps Commerce Inc | 股票-科技 | 0.93% | -0.13% | -16.76% | |
| 35 | DV | Doubleverify Holdings Inc | 股票-其他 | 0.90% | -0.79% | EXIT | |
| 36 | INSP | Inspire Medical Systems Inc | 股票-医疗保健 | 0.85% | -0.23% | -24.33% | |
| 37 | KIDS | Orthopediatrics CORP | 股票-其他 | 0.83% | -0.11% | -30.54% | |
| 38 | CORT | Corcept Therapeutics Inc | 股票-医疗保健 | 0.82% | +0.92% | — | |
| 39 | RDVT | Red Violet Inc | 股票-其他 | 0.81% | +0.82% | — | |
| 40 | MNDY | monday.com Ltd. | 股票-科技 | 0.77% | — | -5.38% | |
| 41 | CTKB | Cytek Biosciences Inc | 股票-其他 | 0.71% | -0.92% | EXIT | |
| 42 | TEAM | Atlassian Corp-cl A | 股票-科技 | 0.68% | -1.27% | EXIT | |
| 43 | CHKP | Check Point Software Technologies Ltd. | 股票-科技 | 0.54% | -0.65% | EXIT | |
| 44 | AXGN | Axogen Inc | 股票-其他 | 0.47% | +0.86% | — | |
| 45 | INTA | Intapp Inc | 股票-其他 | 0.36% | +0.09% | — | |
| 46 | PRO | Pros Holdings Inc | 股票-其他 | 0.31% | — | -38.41% | |
| 47 | MAMA | Mama's Creations Inc | 股票-其他 | 0.30% | +0.38% | — | |
| 48 | RXST | Rxsight Inc | 股票-其他 | 0.29% | -0.01% | -31.10% | |
| 49 | TNDM | Tandem Diabetes Care Inc | 股票-其他 | 0.18% | — | -34.08% | |
| 50 | AAPL | Apple Inc | 股票-科技 | 0.02% | +0.03% | -84.15% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | CAMT | Camtek Ltd. | +3.1% | +1.21% | 加仓 |
| 2 | ✓ | Cyberark Software LTD. Cmn | +2.1% | -31.37% | 减仓 |
| 3 | XMTR | Xometry Inc-a | +1.3% | -45.25% | 减仓 |
| 4 | GLBE | Global-E Online Ltd. | +1.2% | +9.95% | 加仓 |
| 5 | SHOP | Shopify Inc - Class A | +1.1% | -8.81% | 减仓 |
| 6 | FLUT | Flutter Entertainment plc | +1% | -2.39% | 减仓 |
| 7 | BMI | Badger Meter Inc | +0.7% | +28.14% | 加仓 |
| 8 | AGYS | Agilysys Inc | +0.7% | -25.34% | 减仓 |
| 9 | MELI | Mercadolibre Inc | +0.7% | -5.11% | 减仓 |
| 10 | VERX | Vertex Inc - Class A | +0.6% | -8.80% | 加仓 |
| 11 | CGNX | Cognex CORP | +0.6% | -36.27% | 减仓 |
| 12 | DDOG | Datadog Inc - Class A | +0.5% | -37.15% | 减仓 |
| 13 | TMDX | Transmedics Group Inc | +0.5% | -30.47% | 减仓 |
| 14 | UFPT | Ufp Technologies Inc | +0.5% | -1.58% | 加仓 |
| 15 | RDVT | Red Violet Inc | +0.4% | — | 加仓 |
| 16 | RGEN | Repligen CORP | +0.4% | -33.47% | 减仓 |
| 17 | DUOL | Duolingo | +0.4% | — | 加仓 |
| 18 | CYRX | Cryoport Inc | +0.3% | -30.99% | 减仓 |
| 19 | ICLR | ICON Public Limited Company | +0.3% | -5.11% | 减仓 |
| 20 | CWAN | Clearwater Analytics Holdings, Inc. | +0.2% | -21.53% | 加仓 |
| 21 | CHKP | Check Point Software Technologies Ltd. | +0.1% | -5.06% | 减仓 |
| 22 | NCNO | Ncino Inc | +0.1% | -18.24% | 减仓 |
| 23 | WK | Workiva Inc | +0.1% | -34.28% | 减仓 |
| 24 | MANH | Manhattan Associates Inc | 0% | -35.27% | 减仓 |
| 25 | MNDY | monday.com Ltd. | 0% | -5.38% | 减仓 |
| 26 | DV | Doubleverify Holdings Inc | — | -14.36% | 减仓 |
| 27 | TEAM | Atlassian Corp-cl A | 0% | -5.50% | 减仓 |
| 28 | AMZN | Amazon.com Inc | 0% | -75.28% | 减仓 |
| 29 | PRO | Pros Holdings Inc | -0.1% | -38.41% | 减仓 |
| 30 | GOOGL | Alphabet Inc-cl A | -0.1% | -86.07% | 减仓 |
| 31 | AAPL | Apple Inc | -0.1% | -84.15% | 减仓 |
| 32 | META | Meta Platforms Inc-class A | -0.1% | -81.10% | 减仓 |
| 33 | VEEV | Veeva Systems Inc-class A | -0.1% | -34.63% | 减仓 |
| 34 | MSFT | Microsoft CORP | -0.1% | -79.38% | 减仓 |
| 35 | SPSC | Sps Commerce Inc | -0.1% | -16.76% | 减仓 |
| 36 | TNDM | Tandem Diabetes Care Inc | -0.2% | -34.08% | 减仓 |
| 37 | APPF | Appfolio Inc - A | -0.2% | -40.92% | 减仓 |
| 38 | CTKB | Cytek Biosciences Inc | -0.2% | -30.27% | 减仓 |
| 39 | ERII | Energy Recovery Inc | -0.2% | -35.35% | 减仓 |
| 40 | KIDS | Orthopediatrics CORP | -0.4% | -30.54% | 减仓 |
| 41 | GWRE | Guidewire Software Inc | -0.4% | -36.18% | 减仓 |
| 42 | RXST | Rxsight Inc | -0.4% | -31.10% | 减仓 |
| 43 | PAYC | Paycom Software Inc | -0.5% | -31.32% | 减仓 |
| 44 | ALRM | Alarm.com Holdings Inc | -0.5% | -33.84% | 减仓 |
| 45 | TECH | Bio-techne CORP | -0.6% | -34.17% | 减仓 |
| 46 | QTWO | Q2 Holdings Inc | -0.6% | -30.38% | 减仓 |
| 47 | INSP | Inspire Medical Systems Inc | -0.8% | -24.33% | 减仓 |
| 48 | GKOS | Glaukos CORP | -1% | -33.04% | 减仓 |
| 49 | TYL | Tyler Technologies Inc | -1% | -32.29% | 减仓 |
| 50 | VCEL | Vericel CORP | -1.4% | -30.62% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Brown Capital Management LLC 在 Q3 2025 季度的美股持仓总市值约为 US$5.0亿，共申报了 54 个公开持股仓位。
在 Q3 2025 季度，Brown Capital Management LLC 按市值排列的前三大核心持股分别为：CYBERARK SOFTWARE LTD. CMN (8.1%)、CAMT (5.0%)、VEEV (4.5%)。其中最大持股仓位 CYBERARK SOFTWARE LTD. CMN 占据整体投资组合约 8.1% 的权重。
精选 AlphaSMO 大户持股与内部人交易深度分析，提升投资决策胜率
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
本季最大新建仓标的
CORT
市值: US$1995.0万
本季最大获利了结 / 清仓标的
AKX
前期市值: US$1.1亿
在 Q3 2025 季度中，Brown Capital Management LLC 共进行了 109 项持仓异动，包含新建仓 4 个仓位、加仓 8 个仓位、减仓 42 个仓位以及清仓 55 个仓位。 其中最大新建仓标的为 CORT。 本季清仓仓位包含 AKX。
本页面所有持股数据均直接同步自美国证券交易委员会（SEC）EDGAR 官方系统之 13F-HR / 13F-HR/A 季度申报文件。AlphaSMO 通过机器解析 CUSIP 与个股对照，提供 100% 精准对齐的历史时序数据集，并支持 Schema.org 结构化数据格式。
解析公司高管、董事与 10% 大股东之 Form 4 内部人交易申报，掌握高管自家股票买卖第一手信号。
深入剖析 5% 股权申报门槛、13D 与 13G 之差异，以及最新 SEC 申报时程规范，洞察机构法人的激进投资动向。