# EDGAR Filing Document

**Accession Number:** 0000869351
**File Stem:** 0000869351-26-000036
**Filing Date:** 2026-5
**Character Count:** 19172
**Document Hash:** bb4ece29dcf6bec1c8ec1cc06e4dc5fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000869351-26-000036.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0000869351-26-000036

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Brown Capital Management Mutual Funds
- **CENTRAL INDEX KEY:** 0000869351

**ORGANIZATION NAME:**
- **EIN:** 566376571
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06199
- **FILM NUMBER:** 261025304

**BUSINESS ADDRESS:**
- **STREET 1:** 1201 N. CALVERT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 4108373234

**MAIL ADDRESS:**
- **STREET 1:** 1201 N. CALVERT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NOTTINGHAM INVESTMENT TRUST II
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### The Brown Capital Management Small Company Fund (Series ID: S000010418)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000028793 | Investor Shares      | BCSIX           |
| C000105412 | Institutional Shares | BCSSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Brown Capital Management Mutual Funds

- **b. Investment Company Act file number:** 811-06199

- **c. CIK number of Registrant:** 0000869351

- **d. LEI of Registrant:** 549300CCIM9MVH3XK623

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1201 N Calvert Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21202

  - **Telephone number:** 877-892-4226

**Item A.2. Information about the Series.**

- **a. Name of Series:** Brown Capital Management Small Company Fund

- **b. EDGAR series identifier (if any):** S000010418

- **c. LEI of Series:** 549300J0Q4WH1MYBBN64

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $322566678.96

**Total Liabilities:** $519406.70

**Net Assets:** $322047272.26

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000105412 | -7.35%               | -7.45%               | -6.36%               |
| Class ID C000028793 | -7.36%               | -7.50%               | -6.39%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4704090.37              | $-43414751.53                              |
| Month 2  | $7021182.18              | $-43062426.52                              |
| Month 3  | $12810148.36             | $-38541225.54                              |

### Schedule of Portfolio Investments

| Name                                     | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Datadog Inc                              | Datadog, Inc. Class A                    | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |    126044 | NS      | $14879494.20  | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Loar Holdings Inc                        | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54478 | NS      | $3121044.62   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates, Inc.               | Manhattan Associates, Inc.               | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |     95209 | NS      | $12674222.08  | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Intapp Inc                               | CUSIP: 45827U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83162 | NS      | $2136431.78   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| nCino, Inc.                              | nCino, Inc.                              | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |    369363 | NS      | $5533057.74   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Xpel Inc.                                | CUSIP: 98379L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37328 | NS      | $1652137.28   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Transmedics Group Inc                    | CUSIP: 89377M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71349 | NS      | $7092804.09   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp.                            | Glaukos Corp.                            | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |    163917 | NS      | $17647304.22  | 5.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Mama's Creations Inc                     | CUSIP: 56146T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    273784 | NS      | $4199846.56   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Red Violet Inc                           | CUSIP: 75704L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     95263 | NS      | $3296099.80   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | AVEPOINT INC                             | CUSIP: 053604104<br>LEI: 743700EOHQ00ZG477V68 | Long             | EC               | CORP              | US        |    174016 | NS      | $1654892.16   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Badger Meter, Inc.                       | CUSIP: 056525108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51606 | NS      | $7862174.10   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                              | Cognex Corp.                             | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |    294334 | NS      | $14419422.66  | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies, Inc.                 | Tyler Technologies, Inc.                 | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |     37143 | NS      | $12717020.34  | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp.                           | Repligen Corp.                           | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |    121282 | NS      | $14289445.24  | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software, Inc.                 | Guidewire Software, Inc.                 | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     91965 | NS      | $13754285.40  | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-techne Corp                          | Bio-Techne Corp.                         | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |    215199 | NS      | $11246299.74  | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Credo Technology Group Holding           | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     11484 | NS      | $1078003.08   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AXOGEN INC                               | Axogen, Inc.                             | CUSIP: 05463X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    198605 | NS      | $6579783.65   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Vertex Inc.                              | CUSIP: 92538J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    303815 | NS      | $3612360.35   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | PDF SOLUTIONS INC                        | CUSIP: 693282105<br>LEI: 549300GMSP6MROFBI160 | Long             | EC               | CORP              | US        |     76339 | NS      | $2497048.69   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Rxsight                                  | CUSIP: 78349D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    183035 | NS      | $1127495.60   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc                   | Alarm.com Holdings, Inc.                 | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |    255375 | NS      | $11029646.25  | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Sitime Corp                              | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3387 | NS      | $1169700.45   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLION HEALTHCAR                         | Krystal Biotech Inc                      | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |      6669 | NS      | $1722736.08   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems, Inc.            | Inspire Medical Systems, Inc.            | CUSIP: 457730109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57388 | NS      | $2960073.04   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp.                            | Vericel Corp.                            | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |    422178 | NS      | $13581466.26  | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Corcept Therapeutics, Inc.               | CUSIP: 218352102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71812 | NS      | $2894741.72   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Doubleverify Holdings Inc.               | DoubleVerify Holdings, Inc.              | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    416766 | NS      | $3959277.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc                     | UFP Technologies Inc                     | CUSIP: 902673102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41794 | NS      | $8091318.40   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| OrthoPediatrics Corp.                    | OrthoPediatrics Corp.                    | CUSIP: 68752L100<br>LEI: 5493000KUTPFGOPAT717 | Long             | EC               | CORP              | US        |    229236 | NS      | $3637975.32   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cryoport Inc                             | CryoPort, Inc.                           | CUSIP: 229050307<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    553757 | NS      | $4585107.96   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Duolingo Inc                             | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25663 | NS      | $2529601.91   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obligations Fund | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   9564866 | NS      | $9564866.14   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS COMMERCE INC                         | SPS Commerce Inc                         | CUSIP: 78463M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50489 | NS      | $2810722.63   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems, Inc.                      | Veeva Systems, Inc. Class A              | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     81160 | NS      | $14256565.60  | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Clearwater Analytics Holdings, Inc.      | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    303651 | NS      | $7181346.15   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Veracyte, Inc.                           | CUSIP: 92337F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77664 | NS      | $2501557.44   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys, Inc.                           | Agilysys, Inc.                           | CUSIP: 00847J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106796 | NS      | $7597467.44   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software, Inc.                    | Paycom Software, Inc.                    | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     72874 | NS      | $8857105.96   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY RECOVERY INC                      | Energy Recovery, Inc.                    | CUSIP: 29270J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    419259 | NS      | $4221938.13   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings, Inc.                        | Q2 Holdings, Inc.                        | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |    178574 | NS      | $8446550.20   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio Inc                             | AppFolio, Inc.                           | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |     76987 | NS      | $12150088.34  | 3.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CYTEK BIOSCIENCES INC                    | Cytek Biosciences, Inc.                  | CUSIP: 23285D109<br>LEI: 549300K2J28BOC6FBO89 | Long             | EC               | CORP              | US        |   1059515 | NS      | $4630080.55   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Workiva, Inc.                            | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | EC               | CORP              | US        |    108516 | NS      | $6470809.08   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Xometry, Inc.                            | Xometry, Inc.                            | CUSIP: 98423F109<br>LEI: 5493006JFRGU7YRRXE44 | Long             | EC               | CORP              | US        |    302006 | NS      | $12333925.04  | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

**Name of Applicant:** Brown Capital Management Mutual Funds

**Signature:** Michael Forster

**Name of Signer:** Michael Forster

**Title:** Treasurer and Principal Financial Officer