Brown Advisory US Smaller Companies PLC (BASC), a London-listed investment trust focused on US smaller company equities, has published its month-end portfolio update as at 31 October 2026. The disclosure reveals the trust's top ten holdings and full sector breakdown, with Industrials and Healthcare together accounting for more than half of total assets. CCC Intelligent Solutions Holdings Inc tops the portfolio at 4.06% of total assets, while the top ten holdings combined represent 30.16% of the trust. Investors tracking the trust's positioning in US smaller companies will find the update a useful snapshot of current allocations.

Key Points

  • Brown Advisory US Smaller Companies PLC (BASC) — London-listed investment trust targeting US smaller company equities
  • Month-end portfolio data published as at 31 October 2026, covering top ten holdings and sector weightings
  • Top ten holdings collectively represent 30.16% of total assets; CCC Intelligent Solutions Holdings Inc is the largest position at 4.06%
  • Investors should watch for further updates on the trust's total assets and net asset value, neither of which were disclosed in this announcement

CCC Intelligent Solutions and HealthEquity Lead BASC's October 2026 Top Ten Holdings

The trust's largest holding as at 31 October 2026 is CCC Intelligent Solutions Holdings Inc at 4.06% of total assets, followed by HealthEquity Inc at 3.66% and Oceaneering International Inc at 3.63%. Anderson Group Inc and Waste Connections Inc round out the top five at 3.38% and 3.06% respectively. Further positions include Prosperity Bancshares Inc at 3.00%, Bio-Techne Corp at 2.80%, Encompass Health Corp at 2.52%, Dynatrace Inc at 2.12%, and Openlane Inc at 1.93%. The company did not disclose total assets or net asset value figures in the announcement.

Industrials Takes the Largest Sector Weighting at 28.14% of BASC's Total Assets

The sector breakdown as at 31 October 2026 shows Industrials as the dominant allocation at 28.14% of total assets, with Healthcare in second place at 23.64% and Information Technology third at 18.68%. Financials accounts for 10.36%, while Cash represents 6.20% of total assets — a notably sizeable liquid position relative to the trust's other allocations. Smaller weightings are held in Energy at 3.63%, Materials at 2.95%, Real Estate at 2.91%, Utilities at 1.73%, Consumer Discretionary at 1.32%, and Consumer Staples at 0.43%, with all percentages calculated on a total assets basis.

Brown Advisory US Smaller Companies Trust Structure and Ongoing Disclosure Commitments

Brown Advisory US Smaller Companies PLC is managed by Brown Advisory, with FundRock Partners Limited serving as company secretary through the Apex Group. The trust is registered with Legal Entity Identifier 549300HKKL9K1NY4TW55. The announcement states that the portfolio data will shortly be made available on the investment manager's website at brownadvisory.com. Regular monthly portfolio disclosures of this nature allow investors to monitor sector rotation and concentration risk within the trust's US smaller companies mandate over time.