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AMERICAN CAPITAL MANAGEMENT INC

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13F filer, CIK 1320168, NEW YORK, NY

AMERICAN CAPITAL MANAGEMENT INC reported $2,266,464,200 across 68 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 46.68% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001104659-26-016553

Period
2025-12-31
Reported value
$2.27B
Holdings
68
Top 10 weight
46.68%
New
2
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
NOVTadded+163,005$19.4M
PRLBadded+352,015$17.8M
IPGPadded+121,426$8.69M
AZTAadded+192,116$6.39M
SMMDnew+78,709$5.9M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
KTOSreduced-375,508-$28.5M
PAYCexited-103,802-$21.6M
AVAVreduced-73,400-$17.8M
TREXexited-280,737-$14.5M
MEDPreduced-24,383-$13.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001104659-26-016553, largest first. % of portfolio is the value over $2,266,464,200, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
AVAVAEROVIRONMENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,182,193 shares; 2024Q4: 930,694 shares; 2025Q1: 947,949 shares; 2025Q2: 757,433 shares; 2025Q3: 721,110 shares; 2025Q4: 647,710 shares 647,710$157M6.91%-73,400Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 783,936 shares; 2024Q4: 642,409 shares; 2025Q1: 498,771 shares; 2025Q2: 417,703 shares; 2025Q3: 349,980 shares; 2025Q4: 342,015 shares 342,015$153M6.73%-7,965
MEDPMEDPACE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 380,646 shares; 2024Q4: 329,435 shares; 2025Q1: 324,811 shares; 2025Q2: 265,431 shares; 2025Q3: 248,757 shares; 2025Q4: 224,374 shares 224,374$126M5.56%-24,383Timeline
KTOSKRATOS DEFENSE & SEC SOLUTIOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,694,948 shares; 2024Q4: 2,573,499 shares; 2025Q1: 2,597,876 shares; 2025Q2: 2,294,358 shares; 2025Q3: 2,010,001 shares; 2025Q4: 1,634,493 shares 1,634,493$124M5.47%-375,508Timeline
IDXXIDEXX LABS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 248,853 shares; 2024Q4: 206,062 shares; 2025Q1: 221,606 shares; 2025Q2: 189,000 shares; 2025Q3: 184,298 shares; 2025Q4: 181,745 shares 181,745$123M5.43%-2,553Timeline
RBCRBC BEARINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 217,666 shares; 2024Q4: 227,267 shares; 2025Q1: 230,498 shares; 2025Q2: 214,563 shares; 2025Q3: 217,819 shares; 2025Q4: 214,117 shares 214,117$96M4.24%-3,702Timeline
RMDRESMED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 459,070 shares; 2024Q4: 392,765 shares; 2025Q1: 394,534 shares; 2025Q2: 317,916 shares; 2025Q3: 310,853 shares; 2025Q4: 306,956 shares 306,956$73.9M3.26%-3,897Timeline
FTNTFORTINET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,847,865 shares; 2024Q4: 1,491,138 shares; 2025Q1: 1,286,720 shares; 2025Q2: 1,011,471 shares; 2025Q3: 963,358 shares; 2025Q4: 925,753 shares 925,753$73.5M3.24%-37,605Timeline
CVLTCOMMVAULT SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 767,821 shares; 2024Q4: 695,409 shares; 2025Q1: 675,191 shares; 2025Q2: 553,088 shares; 2025Q3: 534,413 shares; 2025Q4: 533,806 shares 533,806$66.9M2.95%-607Timeline
GWREGUIDEWIRE SOFTWARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 431,277 shares; 2024Q4: 412,418 shares; 2025Q1: 400,859 shares; 2025Q2: 342,611 shares; 2025Q3: 332,082 shares; 2025Q4: 325,432 shares 325,432$65.4M2.89%-6,650Timeline
MANHMANHATTAN ASSOCIATES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 564,818 shares; 2024Q4: 429,756 shares; 2025Q1: 430,213 shares; 2025Q2: 375,522 shares; 2025Q3: 361,321 shares; 2025Q4: 366,860 shares 366,860$63.6M2.81%+5,539Timeline
CGNTCOGNYTE SOFTWARE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,402,813 shares; 2024Q4: 6,382,189 shares; 2025Q1: 6,665,590 shares; 2025Q2: 6,712,241 shares; 2025Q3: 6,751,962 shares; 2025Q4: 6,708,394 shares 6,708,394$63.1M2.78%-43,568Timeline
CSGPCOSTAR GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 927,391 shares; 2024Q4: 936,988 shares; 2025Q1: 938,142 shares; 2025Q2: 795,961 shares; 2025Q3: 793,664 shares; 2025Q4: 825,340 shares 825,340$55.5M2.45%+31,676Timeline
TECHBIO-TECHNE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,114,393 shares; 2024Q4: 1,063,866 shares; 2025Q1: 1,125,648 shares; 2025Q2: 951,614 shares; 2025Q3: 960,447 shares; 2025Q4: 941,149 shares 941,149$55.3M2.44%-19,298Timeline
RAMPLIVERAMP HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,877,814 shares; 2024Q4: 2,169,922 shares; 2025Q1: 2,373,215 shares; 2025Q2: 1,991,014 shares; 2025Q3: 1,926,376 shares; 2025Q4: 1,877,756 shares 1,877,756$55.1M2.43%-48,620Timeline
RGENREPLIGEN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 379,034 shares; 2024Q4: 383,529 shares; 2025Q1: 380,982 shares; 2025Q2: 329,281 shares; 2025Q3: 336,862 shares; 2025Q4: 335,115 shares 335,115$54.9M2.42%-1,747Timeline
QLYSQUALYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 685,245 shares; 2024Q4: 537,297 shares; 2025Q1: 535,691 shares; 2025Q2: 417,253 shares; 2025Q3: 412,947 shares; 2025Q4: 404,119 shares 404,119$53.7M2.37%-8,828Timeline
NCNONCINO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,029,725 shares; 2024Q4: 1,250,099 shares; 2025Q1: 1,348,206 shares; 2025Q2: 1,955,856 shares; 2025Q3: 2,040,303 shares; 2025Q4: 2,027,809 shares 2,027,809$52M2.29%-12,494Timeline
VEEVVEEVA SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 326,533 shares; 2024Q4: 289,895 shares; 2025Q1: 283,185 shares; 2025Q2: 230,272 shares; 2025Q3: 222,157 shares; 2025Q4: 222,425 shares 222,425$49.7M2.19%+268Timeline
VRNSVARONIS SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 155,182 shares; 2024Q4: 611,265 shares; 2025Q1: 1,253,001 shares; 2025Q2: 1,179,877 shares; 2025Q3: 1,371,806 shares; 2025Q4: 1,509,039 shares 1,509,039$49.5M2.18%+137,233Timeline
SEICSEI INVTS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 304,386 shares; 2024Q4: 497,200 shares; 2025Q1: 520,906 shares; 2025Q2: 463,776 shares; 2025Q3: 565,117 shares; 2025Q4: 574,819 shares 574,819$47.1M2.08%+9,702Timeline
JKHYHENRY JACK & ASSOC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 466,447 shares; 2024Q4: 414,617 shares; 2025Q1: 378,902 shares; 2025Q2: 275,396 shares; 2025Q3: 263,118 shares; 2025Q4: 251,337 shares 251,337$45.9M2.02%-11,781Timeline
NOVTNOVANTA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 218,861 shares; 2025Q4: 381,866 shares 381,866$45.4M2%+163,005Timeline
GMEDGLOBUS MED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 33,110 shares; 2025Q1: 294,841 shares; 2025Q2: 483,522 shares; 2025Q3: 499,059 shares; 2025Q4: 486,212 shares 486,212$42.5M1.87%-12,847Timeline
FDSFACTSET RESH SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 185,143 shares; 2024Q4: 173,993 shares; 2025Q1: 177,632 shares; 2025Q2: 157,823 shares; 2025Q3: 155,304 shares; 2025Q4: 134,951 shares 134,951$39.2M1.73%-20,353Timeline
AZTAAZENTA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 340,501 shares; 2024Q4: 659,652 shares; 2025Q1: 751,546 shares; 2025Q2: 785,324 shares; 2025Q3: 829,320 shares; 2025Q4: 1,021,436 shares 1,021,436$34M1.5%+192,116Timeline
NICENICE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 540,311 shares; 2024Q4: 456,740 shares; 2025Q1: 433,100 shares; 2025Q2: 329,282 shares; 2025Q3: 313,431 shares; 2025Q4: 291,494 shares 291,494$33M1.45%-21,937Timeline
PRLBPROTO LABS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 50,112 shares; 2025Q2: 54,027 shares; 2025Q3: 279,296 shares; 2025Q4: 631,311 shares 631,311$31.9M1.41%+352,015Timeline
CRNCCERENCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,919,880 shares; 2024Q4: 3,488,944 shares; 2025Q1: 2,982,162 shares; 2025Q2: 2,796,364 shares; 2025Q3: 2,679,057 shares; 2025Q4: 2,655,131 shares 2,655,131$28.4M1.25%-23,926Timeline
TWTRADEWEB MKTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 294,229 shares; 2024Q4: 298,237 shares; 2025Q1: 314,124 shares; 2025Q2: 289,819 shares; 2025Q3: 266,006 shares; 2025Q4: 258,715 shares 258,715$27.8M1.23%-7,291Timeline
SPSCSPS COMM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 168,407 shares; 2024Q4: 205,720 shares; 2025Q1: 263,437 shares; 2025Q2: 232,467 shares; 2025Q3: 283,475 shares; 2025Q4: 306,786 shares 306,786$27.3M1.21%+23,311Timeline
NEONEOGENOMICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 81,062 shares; 2025Q2: 1,061,873 shares; 2025Q3: 2,345,263 shares; 2025Q4: 2,324,366 shares 2,324,366$27.3M1.21%-20,897Timeline
MORNMORNINGSTAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 144,231 shares; 2024Q4: 128,692 shares; 2025Q1: 128,075 shares; 2025Q2: 97,479 shares; 2025Q3: 99,197 shares; 2025Q4: 113,064 shares 113,064$24.6M1.08%+13,867Timeline
AAONAAON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 244,446 shares; 2025Q4: 271,737 shares 271,737$20.7M0.91%+27,291Timeline
STAASTAAR SURGICAL COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 512,813 shares; 2024Q4: 848,416 shares; 2025Q1: 1,010,164 shares; 2025Q2: 784,914 shares; 2025Q3: 743,424 shares; 2025Q4: 739,536 shares 739,536$17.1M0.75%-3,888Timeline
IPGPIPG PHOTONICS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 114,128 shares; 2025Q4: 235,554 shares 235,554$16.9M0.74%+121,426Timeline
DXCMDEXCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 353,799 shares; 2024Q4: 306,004 shares; 2025Q1: 400,793 shares; 2025Q2: 355,573 shares; 2025Q3: 357,790 shares; 2025Q4: 248,774 shares 248,774$16.5M0.73%-109,016Timeline
GNTXGENTEX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,296,375 shares; 2024Q4: 2,106,185 shares; 2025Q1: 2,085,578 shares; 2025Q2: 795,464 shares; 2025Q3: 597,006 shares; 2025Q4: 579,892 shares 579,892$13.5M0.6%-17,114Timeline
CGNXCOGNEX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,601,577 shares; 2024Q4: 1,453,402 shares; 2025Q1: 1,187,814 shares; 2025Q2: 451,462 shares; 2025Q3: 369,891 shares; 2025Q4: 364,373 shares 364,373$13.1M0.58%-5,518Timeline
TYLTYLER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,216 shares; 2024Q4: 26,992 shares; 2025Q1: 26,471 shares; 2025Q2: 24,976 shares; 2025Q3: 23,086 shares; 2025Q4: 22,039 shares 22,039$10M0.44%-1,047Timeline
NEOGNEOGEN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,414,700 shares; 2024Q4: 3,550,852 shares; 2025Q1: 4,610,506 shares; 2025Q2: 3,339,316 shares; 2025Q3: 1,665,936 shares; 2025Q4: 1,397,898 shares 1,397,898$9.77M0.43%-268,038Timeline
SNPSSYNOPSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 21,191 shares; 2025Q4: 20,436 shares 20,436$9.6M0.42%-755Timeline
MMSIMERIT MED SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 77,818 shares; 2024Q4: 80,438 shares; 2025Q1: 85,049 shares; 2025Q2: 87,099 shares; 2025Q3: 87,079 shares; 2025Q4: 93,083 shares 93,083$8.2M0.36%+6,004Timeline
ORLYOREILLY AUTOMOTIVE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 600 shares; 2024Q4: 600 shares; 2025Q1: 5,749 shares; 2025Q2: 86,235 shares; 2025Q3: 86,235 shares; 2025Q4: 86,235 shares 86,235$7.87M0.35%0Timeline
HAEHAEMONETICS CORP MASSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,995 shares; 2024Q4: 79,995 shares; 2025Q1: 100,915 shares; 2025Q2: 100,915 shares; 2025Q3: 74,415 shares; 2025Q4: 74,415 shares 74,415$5.96M0.26%0Timeline
SMMDISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 78,709 shares 78,709$5.9M0.26%newTimeline
MPWRMONOLITHIC PWR SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,141 shares; 2024Q4: 7,116 shares; 2025Q1: 7,098 shares; 2025Q2: 7,015 shares; 2025Q3: 6,610 shares; 2025Q4: 6,488 shares 6,488$5.88M0.26%-122Timeline
PODDINSULET CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,800 shares; 2024Q4: 14,800 shares; 2025Q1: 16,900 shares; 2025Q2: 17,315 shares; 2025Q3: 19,030 shares; 2025Q4: 18,890 shares 18,890$5.37M0.24%-140Timeline
ICLRICON PUB LTD COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 177,520 shares; 2024Q4: 81,279 shares; 2025Q1: 73,680 shares; 2025Q2: 49,226 shares; 2025Q3: 24,421 shares; 2025Q4: 23,732 shares 23,732$4.32M0.19%-689Timeline
KRNTKORNIT DIGITAL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,158,122 shares; 2024Q4: 1,896,319 shares; 2025Q1: 1,813,883 shares; 2025Q2: 1,363,611 shares; 2025Q3: 1,032,018 shares; 2025Q4: 284,628 shares 284,628$4.09M0.18%-747,390Timeline
ALRMALARM COM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 133,243 shares; 2024Q4: 128,276 shares; 2025Q1: 119,332 shares; 2025Q2: 110,144 shares; 2025Q3: 87,663 shares; 2025Q4: 73,687 shares 73,687$3.76M0.17%-13,976Timeline
KWRQUAKER HOUGHTONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 15,727 shares; 2025Q4: 26,146 shares 26,146$3.59M0.16%+10,419Timeline
GHMGRAHAM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,250 shares; 2024Q4: 23,250 shares; 2025Q1: 23,894 shares; 2025Q2: 40,449 shares; 2025Q3: 40,429 shares; 2025Q4: 46,803 shares 46,803$3.01M0.13%+6,374Timeline
DORMDORMAN PRODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 138,080 shares; 2024Q4: 18,190 shares; 2025Q1: 20,343 shares; 2025Q2: 20,358 shares; 2025Q3: 20,358 shares; 2025Q4: 20,407 shares 20,407$2.51M0.11%+49Timeline
FELEFRANKLIN ELEC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,000 shares; 2024Q4: 25,000 shares; 2025Q1: 25,000 shares; 2025Q2: 25,000 shares; 2025Q3: 22,000 shares; 2025Q4: 22,000 shares 22,000$2.1M0.09%0Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,666 shares; 2024Q4: 2,666 shares; 2025Q1: 2,535 shares; 2025Q2: 2,535 shares; 2025Q3: 2,535 shares; 2025Q4: 2,535 shares 2,535$1.73M0.08%0Timeline
TRMBTRIMBLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,000 shares; 2024Q4: 22,000 shares; 2025Q1: 22,000 shares; 2025Q2: 22,000 shares; 2025Q3: 19,000 shares; 2025Q4: 19,000 shares 19,000$1.49M0.07%0Timeline
DSGXDESCARTES SYS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 7,143 shares; 2025Q1: 11,633 shares; 2025Q2: 11,213 shares; 2025Q3: 11,177 shares; 2025Q4: 16,949 shares 16,949$1.49M0.07%+5,772Timeline
VSECVSE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,453 shares; 2025Q3: 7,958 shares; 2025Q4: 7,523 shares 7,523$1.3M0.06%-435Timeline
HOLXHOLOGIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 23,780 shares; 2025Q2: 23,780 shares; 2025Q3: 23,780 shares; 2025Q4: 16,280 shares 16,280$1.21M0.05%-7,500Timeline
ACIWACI WORLDWIDE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 498,330 shares; 2024Q4: 18,380 shares; 2025Q1: 18,385 shares; 2025Q2: 18,400 shares; 2025Q3: 18,410 shares; 2025Q4: 18,410 shares 18,410$880K0.04%0Timeline
BLKBBLACKBAUD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 429,377 shares; 2024Q4: 359,771 shares; 2025Q1: 270,215 shares; 2025Q2: 52,949 shares; 2025Q3: 13,759 shares; 2025Q4: 12,930 shares 12,930$819K0.04%-829Timeline
ZBRAZEBRA TECHNOLOGIES CORPORATIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 900 shares; 2024Q4: 900 shares; 2025Q1: 3,300 shares; 2025Q2: 3,300 shares; 2025Q3: 3,300 shares; 2025Q4: 3,300 shares 3,300$801K0.04%0Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,316 shares; 2024Q4: 1,316 shares; 2025Q1: 1,316 shares; 2025Q2: 2,800 shares; 2025Q3: 2,800 shares; 2025Q4: 2,800 shares 2,800$761K0.03%0Timeline
FROGJFROG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 11,265 shares; 2025Q2: 11,445 shares; 2025Q3: 11,445 shares; 2025Q4: 10,945 shares 10,945$684K0.03%-500Timeline
ILMNILLUMINA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,511 shares; 2024Q4: 2,275 shares; 2025Q1: not reported; 2025Q2: 2,275 shares; 2025Q3: 2,220 shares; 2025Q4: 2,220 shares 2,220$291K0.01%0Timeline
MRKMERCK & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,100 shares 2,100$221K0.01%newTimeline
MDYSTATE STR SPDR S&P MIDCAP 40Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 353 shares; 2024Q4: 353 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 353 shares; 2025Q4: 353 shares 353$213K0.01%0Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
PAYCPAYCOM SOFTWARE INC103,802$21.6Mshares
TREXTREX INC280,737$14.5Mshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001104659-26-016553 base2026-02-17acceptance time not in the bulk data set