BROWN CAPITAL MANAGEMENT LLC

CIK

885062

City

BALTIMORE

State / Country

Stock

APPF — Appfolio Inc

Top Portfolio Positions

56 positions · $703,989,616 total · as of Mar 31, 2026

Ticker	Company	Shares	Value (USD)	% of Portfolio
CAMT	Camtek Ltd Technology	620,098	$94,013,057	13.35%
GLBE	Global-E Online Ltd. Consumer Cyclical	1,398,886	$43,155,633	6.13%
CLBT	Cellebrite DI Ltd. Technology	2,702,379	$37,238,782	5.29%
GKOS	GLAUKOS Corp Healthcare	230,028	$24,764,814	3.52%
MELI	Mercadolibre Inc Consumer Cyclical	14,156	$24,476,007	3.48%
SHOP	Shopify Inc. Technology	201,723	$23,928,382	3.40%
DDOG	Datadog, Inc. Technology	176,510	$20,837,005	2.96%
CGNX	Cognex Corp Technology	414,638	$20,313,115	2.89%
VEEV	Veeva Systems Inc Healthcare	114,935	$20,189,482	2.87%
RGEN	Repligen Corp Healthcare	169,996	$20,028,928	2.85%

Portfolio Trend

25 quarters · across all stocks

Holdings in APPF

Compact Export CSV

Shares Held

Position Value (USD)

25 quarters on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$17,065,707	108,134	-28.9%	Shares	Sole	2026-05-14
2025-12-31	$35,391,415	152,123	-55.5%	Shares	Sole	2026-02-17
2025-09-30	$94,259,731	341,942	-40.9%	Shares	Sole	2025-11-04
2025-06-30	$133,273,398	578,745	-5.4%	Shares	Sole	2025-08-13
2025-03-31	$134,541,197	611,829	-10.3%	Shares	Sole	2025-05-15
2024-12-31	$168,271,181	682,033	-15.2%	Shares	Sole	2025-02-14
2024-09-30	$189,413,433	804,645	-11.6%	Shares	Sole	2024-11-12
2024-06-30	$222,602,478	910,179	-19.9%	Shares	Sole	2024-08-12
2024-03-31	$280,279,861	1,135,932	-28.4%	Shares	Sole	2024-05-15
2023-12-31	$274,682,414	1,585,560	-12.4%	Shares	Sole	2024-02-14
2023-09-30	$330,669,512	1,810,598	-9.2%	Shares	Sole	2023-11-14
2023-06-30	$343,242,856	1,993,975	-26.4%	Shares	Sole	2023-08-14
2023-03-31	$337,161,175	2,708,557	-3.3%	Shares	Sole	2023-05-15
2022-12-31	$295,135,131	2,800,675	-11.2%	Shares	Sole	2023-02-14
2022-09-30	$330,445,635	3,155,516	-0.5%	Shares	Sole	2022-11-14
2022-06-30	$287,330,703	3,170,021	-4.0%	Shares	Sole	2022-08-15
2022-03-31	$373,738,474	3,301,285	+0.2%	Shares	Sole	2022-05-16
2021-12-31	$398,732,779	3,293,679	-0.4%	Shares	Sole	2022-02-14
2021-09-30	$398,195,669	3,307,273	-2.6%	Shares	Sole	2021-11-15
2021-06-30	$479,464,932	3,395,644	+18.7%	Shares	Sole	2021-08-16
2021-03-31	$404,386,500	2,859,674	+8.2%	Shares	Sole	2021-05-14
2020-12-31	$475,799,989	2,642,746	+0.2%	Shares	Sole	2021-02-16
2020-09-30	$373,924,891	2,636,802	+0.0%	Shares	Sole	2020-11-13
2020-06-30	$428,868,902	2,635,787	+45.1%	Shares	Sole	2020-08-07
2020-03-31	$201,546,555	1,816,553	—	Shares	Sole	2020-05-08
No 13F history on record for this holder in this stock.