SCHEDULE 13G/A: Brown Capital Management Amends Xometry Inc. Stake, Discloses 7.17% Beneficial Ownership

Brown Capital Management, LLC has filed an amendment to its Schedule 13G, disclosing a 7.17% beneficial ownership stake in Xometry Inc. as of December 31, 2024.

Summary

• Brown Capital Management, LLC, an investment adviser based in Maryland, has filed an Amendment No. 6 to its Schedule 13G regarding its holdings in Xometry Inc.
• As of December 31, 2024, Brown Capital Management, LLC beneficially owned an aggregate of 3,446,223 shares of Xometry Inc.'s Class A Common Stock.
• This ownership represents 7.17% of the Class A Common Stock outstanding.
• The firm holds sole voting power over 1,747,519 shares and sole dispositive power over all 3,446,223 shares.
• The shares are held on behalf of various investment advisory clients, with Brown Capital Management, LLC deemed a beneficial owner due to its discretionary power over investment decisions and voting rights.

Sentiment

Score: 5

Explanation: The document is a standard regulatory disclosure of beneficial ownership, which is neutral in sentiment. It provides factual information about an investment firm's stake without expressing positive or negative opinions on the company's performance or outlook.

Positives

• Increased institutional ownership by a reputable investment adviser like Brown Capital Management can signal confidence in the company's long-term prospects.
• The filing indicates a significant, passive stake, suggesting a long-term investment horizon rather than an activist intent.

Future Outlook

This document is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from the issuer or the reporting person regarding the issuer's future performance.

Industry Context

This filing reflects a passive investment by an institutional asset manager in Xometry Inc., a company operating in the on-demand manufacturing marketplace. Such disclosures are common for investment firms managing client assets and indicate their portfolio allocations within various industries.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and liquidity.
• Management: Awareness of a large, passive institutional holder may influence strategic decisions, though the filing explicitly states no intent to change or influence control.

Key Dates

Keywords

Xometry Inc., Brown Capital Management, Schedule 13G, Beneficial Ownership, Institutional Investor, Class A Common Stock, SEC Filing, Investment Adviser, XMTR