# EDGAR Filing Document

**Accession Number:** 0000885062
**File Stem:** 0001398344-23-003134
**Filing Date:** 2023-2
**Character Count:** 16504
**Document Hash:** 6f70bc87735eec078451d7f59449745e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-003134.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001398344-23-003134

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BROWN CAPITAL MANAGEMENT LLC
- **CENTRAL INDEX KEY:** 0000885062
- **IRS NUMBER:** 521304372
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-03139
- **FILM NUMBER:** 23623154

**BUSINESS ADDRESS:**
- **STREET 1:** 1201 N CALVERT ST
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21201
- **BUSINESS PHONE:** 4108373234

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BROWN CAPITAL MANAGEMENT INC
- **DATE OF NAME CHANGE:** 19990325

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** BROWN CAPITAL MANAGEMENT LLC<br>**Address:** 1201 N CALVERT STREET<br>BALTIMORE, MD 21202

**Form 13F File Number:** 028-03139

**CRD Number (if applicable):** 000105633

**SEC File Number (if applicable):** 801-19287

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Eddie C. Brown<br>**Title:** CEO<br>**Phone:** 410-837-3234

**Signature, Place, and Date of Signing:**

/s/ Eddie C. Brown  Baltimore, MD  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 128

**Form 13F Information Table Value Total:** $6045493229

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 10X GENOMICS INC | CL A COM | 88025U109 |  | 52970277 | 1453630 | SH |  | SOLE |  | 773824 | 0 | 679806 |
| ABBOTT LABS | COM | 002824100 |  | 1104487 | 10060 | SH |  | SOLE |  | 188 | 0 | 9872 |
| ABBVIE INC | COM | 00287Y109 |  | 1046910 | 6478 | SH |  | SOLE |  | 1003 | 0 | 5475 |
| ABCAM PLC | ADS | 000380204 |  | 154069020 | 9901608 | SH |  | SOLE |  | 8316243 | 0 | 1585365 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 1072521 | 3187 | SH |  | SOLE |  | 2156 | 0 | 1031 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 371453 | 1205 | SH |  | SOLE |  | 770 | 0 | 435 |
| ALARM COM HLDGS INC | COM | 011642105 |  | 258050174 | 5215242 | SH |  | SOLE |  | 3506205 | 0 | 1709037 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 5038612 | 23891 | SH |  | SOLE |  | 23704 | 0 | 187 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 4874002 | 55242 | SH |  | SOLE |  | 40937 | 0 | 14305 |
| ALTERYX INC | COM CL A | 02156B103 |  | 44699098 | 882161 | SH |  | SOLE |  | 517486 | 0 | 364675 |
| AMAZON COM INC | COM | 023135106 |  | 2237760 | 26640 | SH |  | SOLE |  | 23069 | 0 | 3571 |
| AMER SOFTWARE INC | CL A | 029683109 |  | 17287667 | 1177634 | SH |  | SOLE |  | 629493 | 0 | 548141 |
| ANSYS INC | COM | 03662Q105 |  | 257872683 | 1067398 | SH |  | SOLE |  | 696895 | 0 | 370503 |
| APPFOLIO INC | COM CL A | 03783C100 |  | 295135132 | 2800675 | SH |  | SOLE |  | 1883624 | 0 | 917051 |
| APPLE INC | COM | 037833100 |  | 7930537 | 61037 | SH |  | SOLE |  | 36126 | 0 | 24911 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 16613875 | 129110 | SH |  | SOLE |  | 83914 | 0 | 45196 |
| AUTODESK INC | COM | 052769106 |  | 2439401 | 13054 | SH |  | SOLE |  | 12770 | 0 | 284 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1382522 | 5788 | SH |  | SOLE |  | 1038 | 0 | 4750 |
| BALCHEM CORP | COM | 057665200 |  | 38011133 | 311286 | SH |  | SOLE |  | 172576 | 0 | 138710 |
| BANK HAWAII CORP | COM | 062540109 |  | 221356 | 2854 | SH |  | SOLE |  | 1985 | 0 | 869 |
| BENTLEY SYS INC | COM CL B | 08265T208 |  | 2184632 | 59108 | SH |  | SOLE |  | 57327 | 0 | 1781 |
| BIO-TECHNE CORP | COM | 09073M104 |  | 273627657 | 3301492 | SH |  | SOLE |  | 2234181 | 0 | 1067311 |
| BLACKBAUD INC | COM | 09227Q100 |  | 19495491 | 331218 | SH |  | SOLE |  | 216066 | 0 | 115152 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 288185 | 143 | SH |  | SOLE |  | 125 | 0 | 18 |
| BRIGHT HORIZONS FAM SOL IN D | COM | 109194100 |  | 1335322 | 21162 | SH |  | SOLE |  | 20653 | 0 | 509 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 228585 | 3177 | SH |  | SOLE |  | 0 | 0 | 3177 |
| BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 |  | 2955018 | 22031 | SH |  | SOLE |  | 20423 | 0 | 1608 |
| CARDIOVASCULAR SYS INC DEL | COM | 141619106 |  | 39562818 | 2904759 | SH |  | SOLE |  | 1400496 | 0 | 1504263 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 2781276 | 12764 | SH |  | SOLE |  | 12140 | 0 | 624 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 15703514 | 124473 | SH |  | SOLE |  | 61410 | 0 | 63063 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 2193622 | 1581 | SH |  | SOLE |  | 1542 | 0 | 39 |
| CISCO SYS INC | COM | 17275R102 |  | 353679 | 7424 | SH |  | SOLE |  | 1405 | 0 | 6019 |
| CLEARWATER ANALYTICS HLDGS I | CL A | 185123106 |  | 16782750 | 895080 | SH |  | SOLE |  | 465129 | 0 | 429951 |
| COGNEX CORP | COM | 192422103 |  | 285609981 | 6062619 | SH |  | SOLE |  | 4092323 | 0 | 1970296 |
| COUPA SOFTWARE INC | COM | 22266L106 |  | 1879971 | 23746 | SH |  | SOLE |  | 22574 | 0 | 1172 |
| CRYOPORT INC | COM PAR $0.001 | 229050307 |  | 120742241 | 6959207 | SH |  | SOLE |  | 5022459 | 0 | 1936748 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 137249175 | 1058613 | SH |  | SOLE |  | 871634 | 0 | 186979 |
| CYTEK BIOSCIENCES INC | COM | 23285D109 |  | 52151434 | 5107878 | SH |  | SOLE |  | 3482699 | 0 | 1625179 |
| DANAHER CORPORATION | COM | 235851102 |  | 483861 | 1823 | SH |  | SOLE |  | 816 | 0 | 1007 |
| DATADOG INC | CL A COM | 23804L103 |  | 250739811 | 3411426 | SH |  | SOLE |  | 2289267 | 0 | 1122159 |
| DEXCOM INC | COM | 252131107 |  | 2703039 | 23870 | SH |  | SOLE |  | 23250 | 0 | 620 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 661595 | 5500 | SH |  | SOLE |  | 0 | 0 | 5500 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 223595 | 908 | SH |  | SOLE |  | 601 | 0 | 307 |
| DUCK CREEK TECHNOLOGIES INC | SHS | 264120106 |  | 54950482 | 4560206 | SH |  | SOLE |  | 2421300 | 0 | 2138906 |
| ECOLAB INC | COM | 278865100 |  | 1423286 | 9778 | SH |  | SOLE |  | 5436 | 0 | 4342 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 3158017 | 42327 | SH |  | SOLE |  | 39274 | 0 | 3053 |
| ENFUSION INC | CL A | 292812104 |  | 58037812 | 6001842 | SH |  | SOLE |  | 4563008 | 0 | 1438834 |
| ENTEGRIS INC | COM | 29362U104 |  | 615628 | 9386 | SH |  | SOLE |  | 9124 | 0 | 262 |
| ENVESTNET INC | COM | 29404K106 |  | 889467 | 14416 | SH |  | SOLE |  | 14010 | 0 | 406 |
| EQUIFAX INC | COM | 294429105 |  | 2615114 | 13455 | SH |  | SOLE |  | 13055 | 0 | 400 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 836142 | 9545 | SH |  | SOLE |  | 7960 | 0 | 1585 |
| FASTENAL CO | COM | 311900104 |  | 1469665 | 31058 | SH |  | SOLE |  | 27971 | 0 | 3087 |
| FISERV INC | COM | 337738108 |  | 927317 | 9175 | SH |  | SOLE |  | 7425 | 0 | 1750 |
| FIVE9 INC | COM | 338307101 |  | 1439786 | 21217 | SH |  | SOLE |  | 20588 | 0 | 629 |
| FLEETCOR TECHNOLOGIES INC | COM | 339041105 |  | 1688938 | 9195 | SH |  | SOLE |  | 9195 | 0 | 0 |
| GLAUKOS CORP | COM | 377322102 |  | 118495497 | 2712809 | SH |  | SOLE |  | 1990846 | 0 | 721963 |
| GRAINGER W W INC | COM | 384802104 |  | 1390625 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| GUIDEWIRE SOFTWARE INC | COM | 40171V100 |  | 190545748 | 3045808 | SH |  | SOLE |  | 2082592 | 0 | 963216 |
| HELIOS TECHNOLOGIES INC | COM | 42328H109 |  | 162990910 | 2993955 | SH |  | SOLE |  | 2096783 | 0 | 897172 |
| HENRY JACK  ASSOC INC | COM | 426281101 |  | 2147801 | 12234 | SH |  | SOLE |  | 11968 | 0 | 266 |
| HOME DEPOT INC | COM | 437076102 |  | 3014252 | 9543 | SH |  | SOLE |  | 4498 | 0 | 5045 |
| HUBSPOT INC | COM | 443573100 |  | 2034030 | 7035 | SH |  | SOLE |  | 6721 | 0 | 314 |
| ICON PLC | SHS | G4705A100 |  | 49569492 | 255184 | SH |  | SOLE |  | 161862 | 0 | 93322 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 775236 | 3519 | SH |  | SOLE |  | 280 | 0 | 3239 |
| INOGEN INC | COM | 45780L104 |  | 33806355 | 1715188 | SH |  | SOLE |  | 680106 | 0 | 1035082 |
| INSULET CORP | COM | 45784P101 |  | 3964550 | 13467 | SH |  | SOLE |  | 12335 | 0 | 1132 |
| IPG PHOTONICS CORP | COM | 44980X109 |  | 210262 | 2221 | SH |  | SOLE |  | 2221 | 0 | 0 |
| IRONWOOD PHARMACEUTICALS INC | COM CL A | 46333X108 |  | 49523388 | 3997045 | SH |  | SOLE |  | 2532646 | 0 | 1464399 |
| JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 |  | 298069 | 1871 | SH |  | SOLE |  | 1871 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 430496 | 2437 | SH |  | SOLE |  | 174 | 0 | 2263 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 803259 | 5990 | SH |  | SOLE |  | 4054 | 0 | 1936 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 450962 | 3322 | SH |  | SOLE |  | 1493 | 0 | 1829 |
| LILLY ELI  CO | COM | 532457108 |  | 527907 | 1443 | SH |  | SOLE |  | 1068 | 0 | 375 |
| M  T BK CORP | COM | 55261F104 |  | 200908 | 1385 | SH |  | SOLE |  | 1210 | 0 | 175 |
| MANHATTAN ASSOCIATES INC | COM | 562750109 |  | 300140983 | 2472331 | SH |  | SOLE |  | 1611841 | 0 | 860490 |
| MARKETAXESS HLDGS INC | COM | 57060D108 |  | 1508795 | 5410 | SH |  | SOLE |  | 5410 | 0 | 0 |
| MASIMO CORP | COM | 574795100 |  | 3367934 | 22764 | SH |  | SOLE |  | 21982 | 0 | 782 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 3319083 | 9545 | SH |  | SOLE |  | 7050 | 0 | 2495 |
| MCDONALDS CORP | COM | 580135101 |  | 1269160 | 4816 | SH |  | SOLE |  | 2066 | 0 | 2750 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 28422663 | 33587 | SH |  | SOLE |  | 21743 | 0 | 11844 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1257673 | 10451 | SH |  | SOLE |  | 5314 | 0 | 5137 |
| MICROSOFT CORP | COM | 594918104 |  | 6278488 | 26180 | SH |  | SOLE |  | 15315 | 0 | 10865 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 539877 | 6350 | SH |  | SOLE |  | 4378 | 0 | 1972 |
| NCINO INC | COM | 63947X101 |  | 103599376 | 3918282 | SH |  | SOLE |  | 2865800 | 0 | 1052482 |
| NEOGEN CORP | COM | 640491106 |  | 100939505 | 6627676 | SH |  | SOLE |  | 4130938 | 0 | 2496738 |
| NEXTGEN HEALTHCARE INC | COM | 65343C102 |  | 17491504 | 931390 | SH |  | SOLE |  | 574649 | 0 | 356741 |
| OLO INC | CL A | 68134L109 |  | 82281731 | 13165077 | SH |  | SOLE |  | 9133572 | 0 | 4031505 |
| OMNICELL COM | COM | 68213N109 |  | 1320046 | 26181 | SH |  | SOLE |  | 25461 | 0 | 720 |
| ORACLE CORP | COM | 68389X105 |  | 698060 | 8540 | SH |  | SOLE |  | 1690 | 0 | 6850 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 1878811 | 2226 | SH |  | SOLE |  | 2081 | 0 | 145 |
| ORTHOPEDIATRICS CORP | COM | 68752L100 |  | 126182202 | 3175993 | SH |  | SOLE |  | 2220603 | 0 | 955390 |
| PAYCHEX INC | COM | 704326107 |  | 290056 | 2510 | SH |  | SOLE |  | 2370 | 0 | 140 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 306662306 | 988245 | SH |  | SOLE |  | 641250 | 0 | 346995 |
| PEPSICO INC | COM | 713448108 |  | 1185130 | 6560 | SH |  | SOLE |  | 948 | 0 | 5612 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 391683 | 3870 | SH |  | SOLE |  | 31 | 0 | 3839 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 3212144 | 29453 | SH |  | SOLE |  | 17405 | 0 | 12048 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 670805 | 4426 | SH |  | SOLE |  | 791 | 0 | 3635 |
| PROS HOLDINGS INC | COM | 74346Y103 |  | 115515082 | 4761545 | SH |  | SOLE |  | 3297162 | 0 | 1464383 |
| PROTO LABS INC | COM | 743713109 |  | 18655179 | 730716 | SH |  | SOLE |  | 393508 | 0 | 337208 |
| Q2 HLDGS INC | COM | 74736L109 |  | 84597992 | 3148418 | SH |  | SOLE |  | 1906171 | 0 | 1242247 |
| QUANTA SVCS INC | COM | 74762E102 |  | 309225 | 2170 | SH |  | SOLE |  | 2089 | 0 | 81 |
| QUIDELORTHO CORP | COM | 219798105 |  | 68372199 | 798088 | SH |  | SOLE |  | 561232 | 0 | 236856 |
| REPLIGEN CORP | COM | 759916109 |  | 245894839 | 1452335 | SH |  | SOLE |  | 966318 | 0 | 486017 |
| SALESFORCE INC | COM | 79466L302 |  | 608456 | 4589 | SH |  | SOLE |  | 4098 | 0 | 491 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1183707 | 14217 | SH |  | SOLE |  | 10232 | 0 | 3985 |
| SHOPIFY INC | CL A | 82509L107 |  | 22433038 | 646299 | SH |  | SOLE |  | 431056 | 0 | 215243 |
| SITEONE LANDSCAPE SUPPLY INC | COM | 82982L103 |  | 1417695 | 12084 | SH |  | SOLE |  | 11756 | 0 | 328 |
| SMARTSHEET INC | COM CL A | 83200N103 |  | 238812746 | 6067397 | SH |  | SOLE |  | 4076069 | 0 | 1991328 |
| SNAP ON INC | COM | 833034101 |  | 242199 | 1060 | SH |  | SOLE |  | 621 | 0 | 439 |
| STARBUCKS CORP | COM | 855244109 |  | 919782 | 9272 | SH |  | SOLE |  | 7308 | 0 | 1964 |
| SYSCO CORP | COM | 871829107 |  | 786747 | 10291 | SH |  | SOLE |  | 2501 | 0 | 7790 |
| TANDEM DIABETES CARE INC | COM NEW | 875372203 |  | 90592185 | 2015399 | SH |  | SOLE |  | 1393594 | 0 | 621805 |
| TARGET CORP | COM | 87612E106 |  | 430428 | 2888 | SH |  | SOLE |  | 90 | 0 | 2798 |
| TJX COS INC NEW | COM | 872540109 |  | 394179 | 4952 | SH |  | SOLE |  | 2422 | 0 | 2530 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 4318974 | 19198 | SH |  | SOLE |  | 9707 | 0 | 9491 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 280861991 | 871133 | SH |  | SOLE |  | 586135 | 0 | 284998 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 1422689 | 3033 | SH |  | SOLE |  | 2911 | 0 | 122 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 1039911 | 5982 | SH |  | SOLE |  | 907 | 0 | 5075 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 718924 | 1356 | SH |  | SOLE |  | 1153 | 0 | 203 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 267565297 | 1657983 | SH |  | SOLE |  | 1107510 | 0 | 550473 |
| VERICEL CORP | COM | 92346J108 |  | 182579424 | 6931641 | SH |  | SOLE |  | 4776584 | 0 | 2155057 |
| VICOR CORP | COM | 925815102 |  | 37435908 | 696482 | SH |  | SOLE |  | 326163 | 0 | 370319 |
| VISA INC | COM CL A | 92826C839 |  | 766011 | 3687 | SH |  | SOLE |  | 3607 | 0 | 80 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 955321 | 10189 | SH |  | SOLE |  | 1344 | 0 | 8845 |
| WORKIVA INC | COM CL A | 98139A105 |  | 22873596 | 272402 | SH |  | SOLE |  | 145160 | 0 | 127242 |
| XOMETRY INC | CLASS A COM | 98423F109 |  | 118158725 | 3666110 | SH |  | SOLE |  | 2494669 | 0 | 1171441 |
| YORK WTR CO | COM | 987184108 |  | 506025 | 11250 | SH |  | SOLE |  | 0 | 0 | 11250 |
| ZOETIS INC | CL A | 98978V103 |  | 619467 | 4227 | SH |  | SOLE |  | 4227 | 0 | 0 |

---