BROWN CAPITAL MANAGEMENT, LLC

CRD 105633File 801-19287

APPROVED

Retail clients

Disclosure events

Filing as of Jul 13, 2026

Feed vintage Aug 17, 2026

Regulatory AUM

$4.54B

Top 25% of cohort (national)

Discretionary AUM

$4.54B

Clients

33 accounts

Employees

Top 25% of cohort in MD

Identity & registration

ADV Item 1

Organization form: Limited Liability Company
Firm type: Registered
SEC region: PLRO
Registration date: Jul 14, 1983
Principal office: 1201 N CALVERT ST, BALTIMORE, MD, 21202-3908
Phone: 410-837-3234
Website: HTTP://WWW.BROWNCAPITAL.COM/

Assets & accounts

ADV Item 5F

Total regulatory AUM: $4.54B
Discretionary AUM: $4.54B
Non-discretionary AUM: $0
Discretionary accounts: 33
Non-discretionary accounts: 0
Total accounts: 33
AUM per client: $137.5M

Clients by type

ADV Item 5D

Client type	Clients	AUM
Other	5	$356.1M
Insurance companies	1	$50.3M
Investment companies	3	$2.50B
Charitable organizations	10	$402.3M
High net worth individuals	1	$2.0M
Pension and profit sharing plans	2	$63.9M
State or municipal government entities	11	$1.17B

Compensation & activities

ADV Items 5E, 5G

Compensation

Performance-based fees
A percentage of assets under your management

Advisory activities

Portfolio management for businesses
Portfolio management for investment companies
Portfolio management for individuals and/or small businesses

Custody

ADV Item 9

Firm Custody Cash: No
Firm Custody Assets: No
Firm Custody Clients: No
Firm Custody Securities: No
Related Person Custody Cash: No
Related Person Custody Assets: No
Related Person Custody Clients: No
Related Person Custody Securities: No

Disclosure events

ADV Item 11

Q11G

Filed changes

Date	Field	From	To
Aug 12, 2026	Registration	—	APPROVED

Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.