Brown Capital Management’s International All-Company Fund saw a 4.46% loss for investor shares in Q3 2025, underperforming the MSCI World ex-US Growth-Net Index’s 2.84% return. YTD, the fund returned 6.67%, lagging behind the index’s 19.32% return due to company-specific challenges and missed opportunities in high-performing industries.

The fund highlighted Shopify Inc. (NASDAQ:SHOP) in its Q3 2025 investor letter, noting the company’s 1.38% one-month return and 39.72% gain over the past 52 weeks. Shopify Inc. (NASDAQ:SHOP) closed at $161.08 per share on December 5, 2025, with a market capitalization of $209.701 billion, offering cloud-based commerce solutions for businesses.

Shopify Inc. (NASDAQ:SHOP) was praised in Brown Capital Management’s investor letter for its global leadership in digital commerce solutions. The company’s turnkey services streamline online store management with features like web design, inventory management, payment processing, and analytics. Shopify’s user-friendly tools and unique offerings, such as the Shop Pay button, simplify operations and foster merchant growth.

Read more at Yahoo Finance: What Makes Shopify (SHOP) a Strong Investment?