AMERICAN CAPITAL MANAGEMENT INC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| PALO ALTO NETWORKS INC | PANW | $195.4M | 572,934 | +3.39pp | 2q | -8.2%-$17.4M | |
| FORTINET INC | FTNT | $112.1M | 729,885 | +1.39pp | 31q | -11.9%-$15.2M | |
| MEDPACE HLDGS INC | MEDP | $111.3M | 210,217 | -0.63pp | 26q | -3.5%-$4.1M | |
| VARONIS SYS INC | VRNS | $94.1M | 2,241,704 | +1.53pp | 15q | -3.7%-$3.6M | |
| RBC BEARINGS INC | RBC | $92.6M | 143,737 | -0.97pp | 31q | -18.1%-$20.4M | |
| IDEXX LABS INC | IDXX | $85.3M | 162,110 | -1.18pp | 31q | -2.4%-$2.1M | |
| NCINO INC | NCNO | $83.5M | 5,107,539 | +1.83pp | 9q | +115.0%+$44.7M | |
| AEROVIRONMENT INC | AVAV | $69.7M | 422,518 | -1.16pp | 31q | -3.2%-$2.3M | |
| BIO-TECHNE CORP | TECH | $68.8M | 973,789 | +0.22pp | 31q | -4.6%-$3.3M | |
| SEI INVTS CO | SEIC | $65.4M | 745,323 | -0.31pp | 31q | -3.0%-$2.0M | |
| COMMVAULT SYS INC | CVLT | $62.5M | 440,931 | +0.54pp | 31q | -18.5%-$14.2M | |
| MERCURY SYS INC | MRCY | $59.5M | 486,064 | - | new | NEW | |
| NOVANTA INC | NOVT | $58.8M | 362,271 | +0.26pp | 4q | -3.1%-$1.9M | |
| DYNATRACE INC | DT | $58.5M | 1,332,429 | +0.53pp | 2q | +26.4%+$12.2M | |
| COGNYTE SOFTWARE LTD | CGNT | $54.3M | 6,183,567 | -0.39pp | 22q | -4.8%-$2.7M | |
| GLOBUS MED INC | GMED | $51.6M | 653,072 | -0.75pp | 7q | -1.5%-$788.3K | |
| KRATOS DEFENSE & SEC SOLUTIO | KTOS | $51.3M | 1,029,653 | -1.76pp | 26q | -3.9%-$2.1M | |
| MANHATTAN ASSOCIATES INC | MANH | $50.8M | 364,696 | -0.28pp | 31q | +1.9%+$959.3K | |
| PROTO LABS INC | PRLB | $50.5M | 619,845 | +0.34pp | 6q | -1.3%-$640.7K | |
| REPLIGEN CORP | RGEN | $49.3M | 361,055 | -0.05pp | 31q | +0.9%+$455.0K | |
| AAON INC | AAON | $47.6M | 375,178 | +0.90pp | 4q | +35.5%+$12.5M | |
| RESMED INC | RMD | $44.5M | 228,458 | -1.20pp | 31q | -13.9%-$7.2M | |
| GUIDEWIRE SOFTWARE INC | GWRE | $40.5M | 328,983 | -0.79pp | 29q | +1.5%+$589.0K | |
| DORMAN PRODS INC | DORM | $38.8M | 284,244 | +1.40pp | 31q | +370.3%+$30.5M | |
| BADGER METER INC | BMI | $38.3M | 258,243 | +0.20pp | 2q | +39.0%+$10.7M | |
| VEEVA SYS INC | VEEV | $34.9M | 196,848 | -0.38pp | 31q | -4.5%-$1.7M | |
| NEOGENOMICS INC | NEO | $32.6M | 2,237,707 | +0.57pp | 6q | -0.6%-$192.2K | |
| TYLER TECHNOLOGIES INC | TYL | $29.6M | 101,210 | -0.49pp | 21q | +2.3%+$663.3K | |
| VSE CORP | VSEC | $29.5M | 128,934 | +0.48pp | 5q | +52.1%+$10.1M | |
| CERENCE INC | CRNC | $27.3M | 2,407,398 | +0.37pp | 19q | -4.4%-$1.3M | |
| AZENTA INC | AZTA | $27.1M | 1,061,490 | -0.26pp | 21q | -18.1%-$6.0M | |
| STAAR SURGICAL CO | STAA | $24.3M | 846,659 | +0.21pp | 17q | -3.6%-$900.2K | |
| TRADEWEB MKTS INC | TW | $23.7M | 238,244 | -0.51pp | 25q | -4.4%-$1.1M | |
| IPG PHOTONICS CORP | IPGP | $23.2M | 197,882 | -0.24pp | 4q | -5.3%-$1.3M | |
| ESCO TECHNOLOGIES INC | ESE | $22.9M | 65,312 | +0.44pp | 2q | +70.0%+$9.4M | |
| COSTAR GROUP INC | CSGP | $20.5M | 725,143 | -0.87pp | 31q | -12.1%-$2.8M | |
| COGNEX CORP | CGNX | $18.2M | 251,103 | +0.10pp | 31q | -7.5%-$1.5M | |
| MORNINGSTAR INC | MORN | $17.9M | 114,947 | -0.18pp | 31q | +6.1%+$1.0M | |
| DEXCOM INC | DXCM | $15.8M | 235,152 | -0.14pp | 26q | -6.5%-$1.1M | |
| HENRY JACK & ASSOC INC | JKHY | $13.8M | 99,930 | -1.45pp | 31q | -58.9%-$19.7M | |
| GENTEX CORP | GNTX | $13.4M | 531,229 | -0.03pp | 31q | -0.6%-$79.0K | |
| NICE LTD | NICE | $12.4M | 136,644 | -0.38pp | 31q | -13.3%-$1.9M | |
| FACTSET RESH SYS INC | FDS | $9.4M | 40,986 | -0.08pp | 31q | -4.7%-$465.2K | |
| LIVERAMP HLDGS INC | RAMP | $9.3M | 246,042 | -2.24pp | 31q | -86.8%-$60.9M | |
| SYNOPSYS INC | SNPS | $8.6M | 19,196 | -0.03pp | 4q | -1.3%-$114.6K | |
| MONOLITHIC PWR SYS INC | MPWR | $8.2M | 5,897 | -0.01pp | 31q | -6.7%-$584.7K | |
| OREILLY AUTOMOTIVE INC | ORLY | $7.9M | 86,235 | -0.07pp | 31q | HELD | |
| MERIT MED SYS INC | MMSI | $7.3M | 104,967 | -0.10pp | 31q | -9.3%-$749.4K | |
| GRAHAM CORP | GHM | $6.4M | 52,050 | +0.07pp | 31q | +1.0%+$65.6K | |
| HAEMONETICS CORP MASS | HAE | $5.0M | 66,915 | +0.02pp | 31q | HELD | |
| KORNIT DIGITAL LTD | KRNT | $4.6M | 282,976 | -0.02pp | 31q | HELD | |
| INSULET CORP | PODD | $4.5M | 29,455 | -0.02pp | 11q | +52.8%+$1.5M | |
| QUAKER HOUGHTON | KWR | $4.3M | 27,279 | -0.06pp | 4q | -29.4%-$1.8M | |
| SPS COMM INC | SPSC | $4.2M | 73,958 | -0.07pp | 27q | -14.1%-$692.8K | |
| ALARM COM HLDGS INC | ALRM | $3.2M | 68,544 | -0.02pp | 31q | -1.8%-$58.9K | |
| BALCHEM CORP | BCPC | $2.7M | 16,067 | -0.06pp | 2q | -20.1%-$681.7K | |
| FRANKLIN ELEC INC | FELE | $2.4M | 22,000 | flat | 31q | HELD | |
| ISHARES TR | SHY | $2.1M | 25,524 | -0.02pp | 2q | -3.6%-$79.3K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.8M | 2,425 | flat | 28q | HELD | |
| MACOM TECH SOLUTIONS HLDGS I | MTSI | $1.4M | 3,626 | +0.01pp | 2q | -7.7%-$115.3K | |
| DESCARTES SYS GROUP INC | DSGX | $1.4M | 19,605 | -0.01pp | 7q | +2.4%+$32.3K | |
| JFROG LTD | FROG | $1.2M | 13,479 | +0.02pp | 6q | +3.9%+$45.4K | |
| NEOGEN CORP | NEOG | $1.2M | 133,457 | -0.01pp | 13q | HELD | |
| ISHARES TR | IGSB | $1.1M | 21,496 | - | new | NEW | |
| QUALYS INC | QLYS | $979.6K | 7,125 | -0.35pp | 31q | -91.5%-$10.5M | |
| TRIMBLE INC | TRMB | $972.4K | 19,000 | -0.02pp | 31q | HELD | |
| ISHARES TR | LQD | $949.1K | 8,702 | - | new | NEW | |
| NOVANTA INC | NOVTU | $946.0K | 14,035 | +0.01pp | 2q | +39.0%+$265.2K | |
| ACI WORLDWIDE INC | ACIW | $925.8K | 18,410 | flat | 31q | HELD | |
| ZEBRA TECHNOLOGIES CORPORATI | ZBRA | $868.8K | 3,300 | flat | 31q | HELD | |
| APPLE INC | AAPL | $810.2K | 2,800 | flat | 14q | HELD | |
| ISHARES TR | MBB | $773.7K | 8,186 | - | new | NEW | |
| ISHARES TR | HYG | $573.6K | 7,173 | - | new | NEW | |
| ICON PUB LTD CO | ICLR | $490.4K | 2,823 | flat | 31q | -13.7%-$77.6K | |
| ILLUMINA INC | ILMN | $390.3K | 2,220 | flat | 5q | HELD | |
| MERCK & CO INC | MRK | $269.9K | 2,100 | flat | 3q | HELD | |
| VANGUARD SCOTTSDALE FDS | VONG | $249.1K | 1,949 | - | new | NEW | |
| STATE STR SPDR S&P MIDCAP 40 | MDY | $248.3K | 353 | flat | 4q | HELD | |
| VANGUARD INDEX FDS | VUG | $246.4K | 2,860 | - | new | NEW | |
| ISHARES TR | ACWX | $245.1K | 3,220 | flat | 2q | +5.9%+$13.7K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $601.3M | 27.0% |
| Biotech & Pharma | $317.1M | 14.2% |
| Computer Hardware | $308.3M | 13.8% |
| Industrials | $229.7M | 10.3% |
| Semiconductors & Electronics | $177.1M | 7.9% |
| Autos & Aerospace | $173.3M | 7.8% |
| Medical Devices | $153.0M | 6.9% |
| Capital Markets | $107.0M | 4.8% |
| Business Services | $82.6M | 3.7% |
| Instruments & Controls | $57.5M | 2.6% |
| Other sectors | $17.0M | 0.8% |
| Not classified | $6.3M | 0.3% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $2.2B | 80 | 7 | 18 | 42 | 2 | 43.9% | 45 |
| Q1 2026 | $1.9B | 75 | 9 | 20 | 33 | 2 | 42.6% | 45 |
| Q4 2025 | $2.3B | 68 | 2 | 15 | 38 | 2 | 46.7% | 48 |
| Q3 2025 | $2.5B | 68 | 6 | 17 | 33 | 1 | 50.0% | 45 |
| Q2 2025 | $2.4B | 63 | 2 | 12 | 41 | 2 | 46.7% | 45 |
| Q1 2025 | $2.5B | 63 | 4 | 27 | 22 | 4 | 41.7% | 45 |
| Q4 2024 | $2.7B | 63 | 3 | 12 | 35 | 1 | 43.4% | 42 |
| Q3 2024 | $3.1B | 61 | 1 | 17 | 26 | 2 | 46.9% | 45 |
| Q2 2024 | $3.0B | 62 | 1 | 22 | 19 | 3 | 48.6% | 45 |
| Q1 2024 | $3.1B | 64 | 0 | 13 | 33 | 0 | 49.0% | 45 |
| Q4 2023 | $2.9B | 64 | 1 | 16 | 25 | 0 | 49.2% | 45 |
| Q3 2023 | $2.6B | 63 | 0 | 14 | 20 | 1 | 49.5% | 45 |
| Q2 2023 | $2.9B | 64 | 2 | 17 | 33 | 0 | 49.3% | 45 |
| Q1 2023 | $2.8B | 62 | 1 | 21 | 12 | 0 | 50.9% | 33 |
| Q4 2022 | $2.6B | 61 | 1 | 19 | 21 | 3 | 49.2% | 45 |
| Q3 2022 | $2.5B | 63 | 0 | 6 | 23 | 0 | 49.5% | 45 |
| Q2 2022 | $2.7B | 63 | 3 | 23 | 18 | 5 | 48.0% | 46 |
| Q1 2022 | $3.4B | 65 | 0 | 35 | 18 | 1 | 48.9% | 46 |
| Q4 2021 | $3.9B | 66 | 2 | 25 | 15 | 3 | 51.2% | 45 |
| Q3 2021 | $3.7B | 67 | 0 | 18 | 28 | 2 | 50.6% | 46 |
| Q2 2021 | $3.6B | 69 | 2 | 32 | 8 | 3 | 50.8% | 44 |
| Q1 2021 | $3.3B | 70 | 1 | 20 | 21 | 2 | 47.4% | 47 |
| Q4 2020 | $3.3B | 71 | 1 | 18 | 21 | 1 | 46.1% | 47 |
| Q3 2020 | $2.7B | 71 | 1 | 14 | 43 | 1 | 46.0% | 47 |
| Q2 2020 | $2.7B | 71 | 2 | 15 | 26 | 0 | 46.3% | 44 |
| Q1 2020 | $2.1B | 69 | 4 | 27 | 23 | 6 | 43.1% | 45 |
| Q4 2019 | $2.4B | 71 | 5 | 24 | 10 | 3 | 44.6% | 43 |
| Q3 2019 | $2.3B | 69 | 1 | 16 | 12 | 2 | 42.0% | 45 |
| Q2 2019 | $2.3B | 70 | 2 | 33 | 21 | 1 | 41.9% | 137 |
| Q1 2019 | $2.2B | 69 | 2 | 27 | 21 | 7 | 42.3% | 44 |
| Q4 2018 | $1.9B | 74 | 0 | 0 | 0 | 0 | 41.8% | 39 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.