0001398344-11-001062.txt : 20110506 0001398344-11-001062.hdr.sgml : 20110506 20110506143436 ACCESSION NUMBER: 0001398344-11-001062 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110506 DATE AS OF CHANGE: 20110506 EFFECTIVENESS DATE: 20110506 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: 11818740 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 13F-HR 1 fp0002911_13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 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 Address: 1201 N. Calvert Street Baltimore, MD 21202 Form 13F File Number: 028-3139 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 Title: President Phone: 410-837-3234 Signature, Place, and Date of Signing: /s/ Eddie C. Brown Baltimore, MD 05/06/2011 ------------------ ------------- ---------- [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 reported are 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).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ----------- Form 13F Information Table Entry Total: 127 ----------- Form 13F Information Table Value Total: $ 3,121,149 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the names(s) and Form 13F file numbers(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

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------- -------------- --------- -------- ------------------- ---------- -------- -------------------------- VOTING AUTHORITY VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER -------------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- -------- -------- -------- ABAXIS INC COM 002567105 81,539 2,827,266 SH Sole 1,359,216 1,468,050 ABBOTT LABS COM 002824100 1,388 28,305 SH Sole 17,005 11,300 ACCELRYS INC COM 00430U103 63,164 7,895,451 SH Sole 4,171,840 3,723,611 ACI WORLDWIDE INC COM 004498101 56,847 1,733,125 SH Sole 886,432 846,693 AFLAC INC COM 001055102 8,229 155,913 SH Sole 23,926 131,987 AKAMAI TECHNOLOGIES INC COM 00971T101 1,771 46,617 SH Sole 12,592 34,025 ALBANY MOLECULAR RESH INC COM 012423109 7,088 1,663,779 SH Sole 675,822 987,957 ALLSCRIPTS HEALTHCARE SOL COM 01988P108 9,323 444,163 SH Sole 129,022 315,141 AMERICAN SOFTWARE INC CL A 029683109 23,672 3,207,538 SH Sole 1,617,601 1,589,937 ANSYS INC COM 03662Q105 73,615 1,358,457 SH Sole 586,591 771,866 APPLE INC COM 037833100 7,349 21,090 SH Sole 7,074 14,016 AUTOMATIC DATA PROCESSING COM 053015103 379 7,394 SH Sole 1,234 6,160 BALCHEM CORP COM 057665200 75,410 2,009,849 SH Sole 910,408 1,099,441 BLACKBAUD INC COM 09227Q100 68,449 2,512,794 SH Sole 1,341,452 1,171,342 BRUKER CORP COM 116794108 26,070 1,250,379 SH Sole 765,779 484,600 CAMERON INTERNATIONAL COR COM 13342B105 7,278 127,468 SH Sole 55,209 72,259 CANTEL MEDICAL CORP COM 138098108 50,584 1,964,418 SH Sole 1,090,452 873,966 CARBO CERAMICS INC COM 140781105 82,297 583,170 SH Sole 306,618 276,552 CELGENE CORP COM 151020104 13,692 237,994 SH Sole 68,409 169,585 CERNER CORP COM 156782104 2,692 24,210 SH Sole 24,210 CHEVRON CORP NEW COM 166764100 339 3,153 SH Sole 3,153 CISCO SYS INC COM 17275R102 4,932 287,600 SH Sole 73,417 214,183 COACH INC COM 189754104 2,379 45,711 SH Sole 27,032 18,679 COCA COLA CO COM 191216100 202 3,051 SH Sole 940 2,111 COGNEX CORP COM 192422103 47,633 1,686,118 SH Sole 844,388 841,730 CONCUR TECHNOLOGIES INC COM 206708109 70,593 1,273,089 SH Sole 511,002 762,087 COVANCE INC COM 222816100 6,635 121,261 SH Sole 67,556 53,705 DANAHER CORP DEL COM 235851102 346 6,674 SH Sole 1,000 5,674 DIAMOND OFFSHORE DRILLING COM 25271C102 6,795 87,457 SH Sole 37,867 49,590 DICKS SPORTING GOODS INC COM 253393102 13,397 335,088 SH Sole 94,515 240,573 DIODES INC COM 254543101 94,506 2,774,700 SH Sole 1,363,970 1,410,730 DOLBY LABORATORIES INC COM 25659T107 41,020 833,561 SH Sole 366,604 466,957 DTS INC COM 23335C101 73,504 1,576,331 SH Sole 707,747 868,584 DYNAMIC MATLS CORP COM 267888105 56,240 2,012,174 SH Sole 994,949 1,017,225 E M C CORP MASS COM 268648102 9,475 356,857 SH Sole 86,448 270,409 ECOLAB INC COM 278865100 4,763 93,357 SH Sole 50,063 43,294 ENERNOC INC COM 292764107 31,347 1,640,352 SH Sole 871,067 769,285 EXPEDITORS INTL WASH INC COM 302130109 4,632 92,385 SH Sole 47,981 44,404 EXXON MOBIL CORP COM 30231G102 607 7,213 SH Sole 85 7,128 FACTSET RESH SYS INC COM 303075105 3,600 34,375 SH Sole 13,772 20,603 FASTENAL CO COM 311900104 3,555 54,831 SH Sole 20,738 34,093 FEI CO COM 30241L109 96,174 2,852,129 SH Sole 1,373,490 1,478,639 FLAMEL TECHNOLOGIES SA SPONSORED ADR 338488109 2,873 478,023 SH Sole 238,660 239,363 FLIR SYS INC COM 302445101 61,239 1,769,388 SH Sole 969,960 799,428 GENERAL ELECTRIC CO COM 369604103 241 12,022 SH Sole 3,190 8,832 GEN-PROBE INC NEW COM 36866T103 70,777 1,066,724 SH Sole 551,454 515,270 GILEAD SCIENCES INC COM 375558103 8,809 207,555 SH Sole 42,406 165,149 GOLDMAN SACHS GROUP INC COM 38141G104 9,822 61,981 SH Sole 11,327 50,654 GOOGLE INC CL A 38259P508 8,212 14,008 SH Sole 3,622 10,386 GRAINGER W W INC COM 384802104 358 2,600 SH Sole 2,600 GREEN MTN COFFEE ROASTERS COM 393122106 111,632 1,727,786 SH Sole 906,112 821,674 HANSEN NAT CORP COM 411310105 4,123 68,450 SH Sole 30,226 38,224 HITTITE MICROWAVE CORP COM 43365Y104 73,248 1,148,626 SH Sole 587,451 561,175 HOME DEPOT INC COM 437076102 224 6,055 SH Sole 1,811 4,244 HUMAN GENOME SCIENCES INC COM 444903108 9,762 355,618 SH Sole 197,657 157,961 HUNT J B TRANS SVCS INC COM 445658107 2,980 65,607 SH Sole 29,386 36,221 ICON PUB LTD CO SPONSORED ADR 45103T107 7,303 338,279 SH Sole 167,841 170,438 IDEXX LABS INC COM 45168D104 5,073 65,700 SH Sole 32,062 33,638 IMMUCOR INC COM 452526106 53,301 2,694,702 SH Sole 1,483,102 1,211,600 INCYTE CORP COM 45337C102 28,226 1,780,851 SH Sole 661,715 1,119,136 INTERNATIONAL BUSINESS MA COM 459200101 3,679 22,563 SH Sole 14,222 8,341 INVESCO LTD SHS G491BT108 6,545 256,061 SH Sole 127,571 128,490 IRIS INTL INC COM 46270W105 34,093 3,779,756 SH Sole 2,137,761 1,641,995 IRON MTN INC COM 462846106 5,815 186,186 SH Sole 86,955 99,231 JPMORGAN CHASE & CO COM 46625H100 6,623 143,663 SH Sole 36,785 106,878 KENDLE INTERNATIONAL INC COM 48880L107 12,911 1,205,505 SH Sole 501,936 703,569 KENSEY NASH CORP COM 490057106 33,002 1,324,861 SH Sole 729,273 595,588 KIMBERLY CLARK CORP COM 494368103 211 3,240 SH Sole 940 2,300 MANHATTAN ASSOCS INC COM 562750109 49,000 1,497,555 SH Sole 723,017 774,538 MCDONALDS CORP COM 580135101 444 5,833 SH Sole 833 5,000 MEASUREMENT SPECIALTIES COM 583421102 94,006 2,760,007 SH Sole 1,366,984 1,393,023 MEDASSETS INC COM 584045108 57,855 3,788,813 SH Sole 1,806,013 1,982,800 MEDICIS PHARMACEUTICAL CO CL A NEW 584690309 23,419 730,916 SH Sole 449,716 281,200 MEDIDATA SOLUTIONS INC COM 58471A105 54,234 2,121,019 SH Sole 1,120,475 1,000,544 MERIDIAN BIOSCIENCE INC COM 589584101 69,985 2,917,245 SH Sole 1,573,440 1,343,805 MICROSOFT CORP COM 594918104 278 10,953 SH Sole 2,146 8,807 MILLICOM INTL CELLULAR S SHS NEW L6388F110 12,393 128,868 SH Sole 46,245 82,623 MSC INDL DIRECT INC CL A 553530106 4,859 70,965 SH Sole 31,430 39,535 MYRIAD GENETICS INC COM 62855J104 2,247 111,525 SH Sole 53,366 58,159 NABORS INDUSTRIES LTD SHS G6359F103 16,925 557,106 SH Sole 180,175 376,931 NEOGEN CORP COM 640491106 90,633 2,190,261 SH Sole 1,105,197 1,085,064 NETAPP INC COM 64110D104 3,153 65,445 SH Sole 26,872 38,573 NETSCOUT SYS INC COM 64115T104 73,556 2,692,380 SH Sole 1,280,270 1,412,110 NIC INC COM 62914B100 75,913 6,092,519 SH Sole 3,221,827 2,870,692 NUANCE COMMUNICATIONS INC COM 67020Y100 29,640 1,515,342 SH Sole 836,602 678,740 NVR INC COM 62944T105 2,031 2,686 SH Sole 1,321 1,365 ORACLE CORP COM 68389X105 8,314 249,146 SH Sole 62,427 186,719 PALL CORP COM 696429307 317 5,500 SH Sole 5,500 PAREXEL INTL CORP COM 699462107 8,646 347,235 SH Sole 96,425 250,810 PEETS COFFEE & TEA INC COM 705560100 43,815 911,114 SH Sole 453,457 457,657 PEPSICO INC COM 713448108 389 6,036 SH Sole 910 5,126 PETMED EXPRESS INC COM 716382106 32,742 2,064,435 SH Sole 900,360 1,164,075 PHILIP MORRIS INTL INC COM 718172109 2,067 31,494 SH Sole 20,950 10,544 PRAXAIR INC COM 74005P104 990 9,743 SH Sole 7,037 2,706 PRICE T ROWE GROUP INC COM 74144T108 13,163 198,167 SH Sole 55,056 143,111 PROS HOLDINGS INC COM 74346Y103 58,902 4,042,702 SH Sole 2,051,434 1,991,268 PULTE GROUP INC COM 745867101 190 25,732 SH Sole 20,373 5,359 QUALITY SYS INC COM 747582104 81,755 980,978 SH Sole 475,659 505,319 QUANTA SVCS INC COM 74762E102 11,796 525,905 SH Sole 168,685 357,220 ROVI CORP COM 779376102 76,526 1,426,392 SH Sole 649,447 776,945 SASOL LTD SPONSORED ADR 803866300 20,833 359,500 SH Sole 125,011 234,489 SCHLUMBERGER LTD COM 806857108 446 4,787 SH Sole 2,788 1,999 SHIRE PLC SPONSORED ADR 82481R106 6,723 77,186 SH Sole 35,127 42,059 SIGMA ALDRICH CORP COM 826552101 2,174 34,159 SH Sole 29,359 4,800 ST JUDE MED INC COM 790849103 6,086 118,730 SH Sole 52,535 66,195 STAPLES INC COM 855030102 2,444 125,866 SH Sole 53,562 72,304 STARBUCKS CORP COM 855244109 5,246 141,987 SH Sole 69,051 72,936 STIFEL FINL CORP COM 860630102 5,535 77,097 SH Sole 34,661 42,436 STRYKER CORP COM 863667101 1,205 19,816 SH Sole 16,152 3,664 SUN HYDRAULICS CORP COM 866942105 69,877 1,621,269 SH Sole 851,707 769,562 SYSCO CORP COM 871829107 318 11,491 SH Sole 2,088 9,403 TARGET CORP COM 87612E106 1,389 27,769 SH Sole 19,676 8,093 TECHNE CORP COM 878377100 59,694 833,721 SH Sole 428,205 405,516 TOLL BROTHERS INC COM 889478103 1,829 92,500 SH Sole 43,313 49,187 TRACTOR SUPPLY CO COM 892356106 18,284 305,440 SH Sole 96,512 208,928 TRANSOCEAN LTD REG SHS H8817H100 18,958 243,206 SH Sole 89,092 154,114 TRIMBLE NAVIGATION LTD COM 896239100 7,537 149,130 SH Sole 66,613 82,517 TYCO INTERNATIONAL LTD SHS H89128104 10,466 233,778 SH Sole 116,045 117,733 TYLER TECHNOLOGIES INC COM 902252105 68,421 2,885,731 SH Sole 1,535,362 1,350,369 UNITED PARCEL SERVICE INC CL B 911312106 339 4,555 SH Sole 860 3,695 UNITED TECHNOLOGIES CORP COM 913017109 1,854 21,906 SH Sole 17,358 4,548 WAL MART STORES INC COM 931142103 223 4,277 SH Sole 1,247 3,030 WATERS CORP COM 941848103 5,304 61,035 SH Sole 36,691 24,344 WESTERN UN CO COM 959802109 4,837 232,876 SH Sole 105,065 127,811 WHOLE FOODS MKT INC COM 966837106 5,787 87,821 SH Sole 35,864 51,957 WISCONSIN ENERGY CORP COM 976657106 369 12,109 SH Sole 2,100 10,009 YORK WTR CO COM 987184108 196 11,250 SH Sole 11,250