American Capital Management
NEW YORK, NYfiles as AMERICAN CAPITAL MANAGEMENT INC
$2.2bn in 80 US stocks at the end of 30 June 2026. The top 10 are 43.9% of the money. It changed about 17.7% of the portfolio this quarter.
Value
$2.2bn
Stocks
80
Top 10 share
43.9%
Turnover
17.7%
What changed this quarter
New
Bought for the first time this quarter.
- Mercury SystemsMRCY2.7% of the fund
- Ishares TRIGSB<0.1% of the fund
- Ishares TRLQD<0.1% of the fund
- Ishares TRMBB<0.1% of the fund
- Ishares TRHYG<0.1% of the fund
- Vanguard Scottsdale FDSVONG<0.1% of the fund
- Vanguard Index FDSVUG<0.1% of the fund
Added
Bought more of a stock they already held.
- nCinoNCNO3.7% of the fund+115%
- DynatraceDT2.6% of the fund+26%
- AaonAAON2.1% of the fund+36%
- Dorman ProductsDORM1.7% of the fund+370%
- Badger MeterBMI1.7% of the fund+39%
- Tyler TechnologiesTYL1.3% of the fund+2%
- VSEVSEC1.3% of the fund+52%
- Esco TechnologiesESE1.0% of the fund+70%
- MorningstarMORN0.8% of the fund+6%
- InsuletPODD0.2% of the fund+53%
- Descartes Systems GroupDSGX<0.1% of the fund+2%
- JFrogFROG<0.1% of the fund+4%
- Novanta<0.1% of the fund+39%
- Ishares TRACWX<0.1% of the fund+6%
Cut
Sold some of their stake.
- Palo Alto NetworksPANW8.8% of the fund-8%
- FortinetFTNT5.0% of the fund-12%
- Medpace HoldingsMEDP5.0% of the fund-4%
- Varonis SystemsVRNS4.2% of the fund-4%
- RBC BearingsRBC4.2% of the fund-18%
- Idexx LaboratoriesIDXX3.8% of the fund-2%
- AeroVironmentAVAV3.1% of the fund-3%
- Bio-TechneTECH3.1% of the fund-5%
- SEI InvestmentsSEIC2.9% of the fund-3%
- Commvault SystemsCVLT2.8% of the fund-18%
- NovantaNOVT2.6% of the fund-3%
- Cognyte SoftwareCGNT2.4% of the fund-5%
- Kratos Defense & Security SolutionsKTOS2.3% of the fund-4%
- ResmedRMD2.0% of the fund-14%
- Veeva SystemsVEEV1.6% of the fund-5%
- CerenceCRNC1.2% of the fund-4%
- AzentaAZTA1.2% of the fund-18%
- Staar SurgicalSTAA1.1% of the fund-4%
- Tradeweb MarketsTW1.1% of the fund-4%
- IPG PhotonicsIPGP1.0% of the fund-5%
- Costar GroupCSGP0.9% of the fund-12%
- CognexCGNX0.8% of the fund-8%
- DexcomDXCM0.7% of the fund-6%
- Jack Henry & AssociatesJKHY0.6% of the fund-59%
- NiceNICE0.6% of the fund-13%
Sold out
Sold their entire stake.
- Hologic-100%
- BlackbaudBLKB-100%
Holdings
- NiceNICE
- Share
- 0.6%
- Value
- $12m
- Shares
- 136,644
-13%
- Ishares TRSHY
- Share
- <0.1%
- Value
- $2m
- Shares
- 25,524
-4%
- State STR Spdr S&P 500 ETF TSPY
- Share
- <0.1%
- Value
- $2m
- Shares
- 2,425
Held
- Descartes Systems GroupDSGX
- Share
- <0.1%
- Value
- $1m
- Shares
- 19,605
+2%
- Ishares TRIGSB
- Share
- <0.1%
- Value
- $1m
- Shares
- 21,496
New
- Ishares TRLQD
- Share
- <0.1%
- Value
- $949,127
- Shares
- 8,702
New
- Novanta
- Share
- <0.1%
- Value
- $945,959
- Shares
- 14,035
+39%
- Ishares TRMBB
- Share
- <0.1%
- Value
- $773,741
- Shares
- 8,186
New
- Ishares TRHYG
- Share
- <0.1%
- Value
- $573,625
- Shares
- 7,173
New
- Vanguard Scottsdale FDSVONG
- Share
- <0.1%
- Value
- $249,102
- Shares
- 1,949
New
- State STR Spdr S&P Midcap 40MDY
- Share
- <0.1%
- Value
- $248,279
- Shares
- 353
Held
- Vanguard Index FDSVUG
- Share
- <0.1%
- Value
- $246,360
- Shares
- 2,860
New
- Ishares TRACWX
- Share
- <0.1%
- Value
- $245,074
- Shares
- 3,220
+6%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Palo Alto NetworksPANW | 8.8% | $195m | 572,934 | -8% |
| FortinetFTNT | 5.0% | $112m | 729,885 | -12% |
| Medpace HoldingsMEDP | 5.0% | $111m | 210,217 | -4% |
| Varonis SystemsVRNS | 4.2% | $94m | 2,241,704 | -4% |
| RBC BearingsRBC | 4.2% | $93m | 143,737 | -18% |
| Idexx LaboratoriesIDXX | 3.8% | $85m | 162,110 | -2% |
| nCinoNCNO | 3.7% | $84m | 5,107,539 | +115% |
| AeroVironmentAVAV | 3.1% | $70m | 422,518 | -3% |
| Bio-TechneTECH | 3.1% | $69m | 973,789 | -5% |
| SEI InvestmentsSEIC | 2.9% | $65m | 745,323 | -3% |
| Commvault SystemsCVLT | 2.8% | $62m | 440,931 | -18% |
| Mercury SystemsMRCY | 2.7% | $59m | 486,064 | New |
| NovantaNOVT | 2.6% | $59m | 362,271 | -3% |
| DynatraceDT | 2.6% | $59m | 1,332,429 | +26% |
| Cognyte SoftwareCGNT | 2.4% | $54m | 6,183,567 | -5% |
| Globus MedicalGMED | 2.3% | $52m | 653,072 | Held |
| Kratos Defense & Security SolutionsKTOS | 2.3% | $51m | 1,029,653 | -4% |
| Manhattan AssociatesMANH | 2.3% | $51m | 364,696 | Held |
| Proto LabsPRLB | 2.3% | $51m | 619,845 | Held |
| RepligenRGEN | 2.2% | $49m | 361,055 | Held |
| AaonAAON | 2.1% | $48m | 375,178 | +36% |
| ResmedRMD | 2.0% | $45m | 228,458 | -14% |
| Guidewire SoftwareGWRE | 1.8% | $40m | 328,983 | Held |
| Dorman ProductsDORM | 1.7% | $39m | 284,244 | +370% |
| Badger MeterBMI | 1.7% | $38m | 258,243 | +39% |
| Veeva SystemsVEEV | 1.6% | $35m | 196,848 | -5% |
| NeogenomicsNEO | 1.5% | $33m | 2,237,707 | Held |
| Tyler TechnologiesTYL | 1.3% | $30m | 101,210 | +2% |
| VSEVSEC | 1.3% | $29m | 128,934 | +52% |
| CerenceCRNC | 1.2% | $27m | 2,407,398 | -4% |
| AzentaAZTA | 1.2% | $27m | 1,061,490 | -18% |
| Staar SurgicalSTAA | 1.1% | $24m | 846,659 | -4% |
| Tradeweb MarketsTW | 1.1% | $24m | 238,244 | -4% |
| IPG PhotonicsIPGP | 1.0% | $23m | 197,882 | -5% |
| Esco TechnologiesESE | 1.0% | $23m | 65,312 | +70% |
| Costar GroupCSGP | 0.9% | $21m | 725,143 | -12% |
| CognexCGNX | 0.8% | $18m | 251,103 | -8% |
| MorningstarMORN | 0.8% | $18m | 114,947 | +6% |
| DexcomDXCM | 0.7% | $16m | 235,152 | -6% |
| Jack Henry & AssociatesJKHY | 0.6% | $14m | 99,930 | -59% |
| GentexGNTX | 0.6% | $13m | 531,229 | Held |
| NiceNICE | 0.6% | $12m | 136,644 | -13% |
| Factset Research SystemsFDS | 0.4% | $9m | 40,986 | -5% |
| LiveRamp HoldingsRAMP | 0.4% | $9m | 246,042 | -87% |
| SynopsysSNPS | 0.4% | $9m | 19,196 | Held |
| Monolithic Power SystemsMPWR | 0.4% | $8m | 5,897 | -7% |
| O'Reilly AutomotiveORLY | 0.4% | $8m | 86,235 | Held |
| Merit Medical SystemsMMSI | 0.3% | $7m | 104,967 | -9% |
| GrahamGHM | 0.3% | $6m | 52,050 | Held |
| HaemoneticsHAE | 0.2% | $5m | 66,915 | Held |
| Kornit DigitalKRNT | 0.2% | $5m | 282,976 | Held |
| InsuletPODD | 0.2% | $4m | 29,455 | +53% |
| Quaker ChemicalKWR | 0.2% | $4m | 27,279 | -29% |
| SPS CommerceSPSC | 0.2% | $4m | 73,958 | -14% |
| Alarm.com HoldingsALRM | 0.1% | $3m | 68,544 | Held |
| BalchemBCPC | 0.1% | $3m | 16,067 | -20% |
| Franklin ElectricFELE | 0.1% | $2m | 22,000 | Held |
| Ishares TRSHY | <0.1% | $2m | 25,524 | -4% |
| State STR Spdr S&P 500 ETF TSPY | <0.1% | $2m | 2,425 | Held |
| MACOM Technology Solutions HoldingsMTSI | <0.1% | $1m | 3,626 | -8% |
| Descartes Systems GroupDSGX | <0.1% | $1m | 19,605 | +2% |
| JFrogFROG | <0.1% | $1m | 13,479 | +4% |
| NeogenNEOG | <0.1% | $1m | 133,457 | Held |
| Ishares TRIGSB | <0.1% | $1m | 21,496 | New |
| QualysQLYS | <0.1% | $979,616 | 7,125 | -91% |
| TrimbleTRMB | <0.1% | $972,420 | 19,000 | Held |
| Ishares TRLQD | <0.1% | $949,127 | 8,702 | New |
| Novanta | <0.1% | $945,959 | 14,035 | +39% |
| ACI WorldwideACIW | <0.1% | $925,839 | 18,410 | Held |
| Zebra TechnologiesZBRA | <0.1% | $868,758 | 3,300 | Held |
| AppleAAPL | <0.1% | $810,208 | 2,800 | Held |
| Ishares TRMBB | <0.1% | $773,741 | 8,186 | New |
| Ishares TRHYG | <0.1% | $573,625 | 7,173 | New |
| IconICLR | <0.1% | $490,383 | 2,823 | -14% |
| IlluminaILMN | <0.1% | $390,343 | 2,220 | Held |
| MerckMRK | <0.1% | $269,850 | 2,100 | Held |
| Vanguard Scottsdale FDSVONG | <0.1% | $249,102 | 1,949 | New |
| State STR Spdr S&P Midcap 40MDY | <0.1% | $248,279 | 353 | Held |
| Vanguard Index FDSVUG | <0.1% | $246,360 | 2,860 | New |
| Ishares TRACWX | <0.1% | $245,074 | 3,220 | +6% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 7.5% since 30 June 2025.
Where the money is
Technology46.4%
Health care22.6%
Industrials20.2%
Financial services5.8%
Retail & consumer2.7%
Real estate0.9%
Energy0.2%
Materials0.1%
Other1.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.