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RIVERBRIDGE PARTNERS LLC

80 SOUTH 8TH STREET, SUITE 1500, MINNEAPOLIS, MN 55402 • 55402

Q2 2025 · Filed 2025-07-15
Market Value
$5.9B
+0.3%
Holdings
186
+2
New Purchases
12
Added To
56
Closed
7
Reduced
103
Top 10 Concentration
31.2%
Turnover
10.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 4.89% 3.51% +1.38% $291M
MSFT 4.48% 3.48% +0.99% $266M
FIVE 2.27% 1.43% +0.84% $135M
CWAN 0.59% 0.00% +0.59% $35M
NOW 1.78% 1.42% +0.36% $106M
TRNS 0.64% 0.28% +0.35% $38M
FWRG 0.35% 0.00% +0.35% $21M
NFLX 1.24% 0.90% +0.34% $74M
ALKT 1.06% 0.75% +0.32% $63M
HEI 3.94% 3.63% +0.30% $234M
VEEV 1.75% 1.45% +0.30% $104M
AMZN 2.41% 2.16% +0.25% $143M
CCCS 1.06% 0.81% +0.25% $63M
BBSI 0.25% 0.00% +0.25% $15M
GKOS 0.70% 0.47% +0.23% $42M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PYCR 0.00% 0.79% -0.79% $0
GLOB 1.47% 2.10% -0.62% $87M
UNH 0.72% 1.25% -0.53% $43M
CRM 0.88% 1.34% -0.46% $53M
WK 1.58% 1.97% -0.38% $94M
USPH 0.00% 0.35% -0.35% $0
CERT 0.01% 0.34% -0.33% $512K
PCTY 1.90% 2.21% -0.32% $113M
KNSL 2.13% 2.39% -0.26% $127M
KAI 1.15% 1.40% -0.25% $68M
GDYN 0.44% 0.68% -0.25% $26M
CHE 0.51% 0.74% -0.23% $30M
NEOG 0.00% 0.23% -0.23% $0
CRL 0.34% 0.57% -0.22% $20M
FND 1.23% 1.44% -0.21% $73M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 31.4%
Healthcare 20.4%
Industrials 16.2%
Consumer Cyclical 13.2%
Financial Services 8.0%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 25 $1.1B 18.0%
Large Cap 67 $2.5B 42.8%
Mid Cap 29 $1.7B 28.6%
Small Cap 42 $574M 9.7%
Micro Cap 23 $52M 0.9%

Portfolio Analytics

Avg Market Cap
$229.1B
Median Market Cap
$8.8B
Avg P/E
40.9
Median P/E
28.8
Avg Dividend Yield
0.03%
Avg Beta
0.89
# Stocks
135
# ETFs / Funds
51

Top Holdings (186 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 4.89% 1,841,832 $291M $157.99 $83M -78,293 -4.1%
2 MSFT 4.48% 535,307 $266M $497.41 $60M -14,977 -2.7%
3 HEI 3.94% 713,376 $234M $328.00 $19M -92,938 -11.5%
4 LOPE 3.51% 1,104,185 $209M $189.00 -$11M -164,340 -13.0%
5 TYL 2.81% 281,881 $167M $592.84 -$8M -19,790 -6.6%
6 AMZN 2.41% 653,610 $143M $219.39 $15M -19,215 -2.9%
7 CSGP 2.37% 1,754,018 $141M $80.40 -$7M -112,327 -6.0%
8 MEDP 2.29% 434,024 $136M $313.86 -$10M -47,102 -9.8%
9 FIVE 2.27% 1,026,993 $135M $131.18 $50M -102,248 -9.1%
10 ENSG 2.25% 868,943 $134M $154.26 -$5M -204,126 -19.0%
11 KNSL 2.13% 261,471 $127M $483.90 -$15M -29,345 -10.1%
12 ROL 2.00% 2,112,697 $119M $56.42 -$4M -160,398 -7.1%
13 PRVA 1.91% 4,947,871 $114M $23.00 -$10M -569,799 -10.3%
14 PCTY 1.90% 621,949 $113M $181.19 -$19M -78,413 -11.2%
15 FAST 1.85% 2,617,934 $110M $42.00 $6M +1,275,815 +95.1%
16 PAYC 1.83% 470,081 $109M $231.40 -$2M -36,765 -7.2%
17 ANSS 1.82% 307,279 $108M $351.22 $3M -23,447 -7.1%
18 NOW 1.78% 102,727 $106M $1,028.08 $22M -2,856 -2.7%
19 VEEV 1.75% 361,378 $104M $287.98 $18M -9,549 -2.6%
20 VRSK 1.65% 315,086 $98M $311.50 -$828K -17,478 -5.3%
21 ADI 1.61% 402,037 $96M $238.02 $12M -11,494 -2.8%
22 WK 1.58% 1,375,867 $94M $68.45 -$22M -160,583 -10.4%
23 SPGI 1.48% 167,416 $88M $527.29 $756K -4,836 -2.8%
24 GLOB 1.47% 963,108 $87M $90.84 -$37M -92,963 -8.8%
25 FRPT 1.45% 1,264,959 $86M $67.96 $565K +238,130 +23.2%
26 WST 1.41% 383,520 $84M $218.80 -$8M -24,886 -6.1%
27 NFLX 1.24% 54,920 $74M $1,339.12 $20M -2,019 -3.5%
28 FND 1.23% 964,751 $73M $75.96 -$12M -95,945 -9.1%
29 SPSC 1.19% 518,420 $71M $136.09 -$8M -74,284 -12.5%
30 GWRE 1.18% 298,511 $70M $235.45 -$9M -127,262 -29.9%
31 KAI 1.15% 215,690 $68M $317.45 -$15M -31,499 -12.7%
32 DSGX 1.09% 638,062 $65M $101.64 -$9M -92,462 -12.7%
33 ALKT 1.06% 2,098,790 $63M $30.14 $19M +412,299 +24.4%
34 TSLA 1.06% 198,985 $63M $317.66 $10M -6,583 -3.2%
35 CCCS 1.06% 6,701,496 $63M $9.41 $15M +1,380,783 +25.9%
36 V 0.99% 165,761 $59M $355.05 -$917K -4,787 -2.8%
37 DOCS 0.97% 938,620 $58M $61.34 -$5M -142,693 -13.2%
38 GOOGL 0.94% 318,643 $56M $176.23 $6M -8,409 -2.6%
39 IDXX 0.90% 99,330 $53M $536.34 $10M -3,162 -3.1%
40 CRM 0.88% 192,828 $53M $272.69 -$27M -104,350 -35.1%
41 DHR 0.86% 259,984 $51M $197.54 -$3M -7,002 -2.6%
42 ALRM 0.84% 882,716 $50M $56.57 -$6M -129,268 -12.8%
43 TECH 0.83% 954,889 $49M $51.45 $13M +334,436 +53.9%
44 GDDY 0.83% 272,589 $49M $180.06 -$6M -34,716 -11.3%
45 ACVA 0.82% 3,006,737 $49M $16.22 $1M -375,180 -11.1%
46 TOST 0.77% 1,034,995 $46M $44.29 $7M -138,438 -11.8%
47 RGEN 0.77% 368,079 $46M $124.38 -$8M -54,023 -12.8%
48 AGYS 0.77% 397,539 $46M $114.64 $13M -56,178 -12.4%
49 SBUX 0.76% 492,293 $45M $91.63 -$4M -13,226 -2.6%
50 CTAS 0.75% 201,405 $45M $222.87 $2M -5,242 -2.5%
51 GOOG 0.75% 252,089 $45M $177.39 $4M -5,849 -2.3%
52 BL 0.74% 779,121 $44M $56.62 -$8M -298,883 -27.7%
53 SSD 0.74% 281,692 $44M $155.31 -$7M -39,887 -12.4%
54 UNH 0.72% 137,179 $43M $311.97 -$32M -4,840 -3.4%
55 GKOS 0.70% 403,971 $42M $103.29 $14M +118,509 +41.5%
56 OPCH 0.69% 1,265,679 $41M $32.48 -$10M -183,176 -12.6%
57 WSO 0.69% 92,603 $41M $441.62 -$12M -10,920 -10.6%
58 ALGN 0.68% 213,575 $40M $189.33 $4M -13,973 -6.1%
59 TRNS 0.64% 440,747 $38M $85.96 $21M +213,927 +94.3%
60 CWAN 0.59% 1,610,240 $35M $21.93 +1,610,240 NEW
61 CGNX 0.58% 1,086,561 $34M $31.72 -$3M -153,598 -12.4%
62 MSI 0.57% 80,385 $34M $420.46 -$2M -966 -1.2%
63 DV 0.56% 2,208,048 $33M $14.97 -$121K -273,308 -11.0%
64 FICO 0.55% 18,016 $33M $1,827.93 -$1M -499 -2.7%
65 CSWI 0.55% 113,503 $33M $286.83 $676K +4,146 +3.8%
66 CHE 0.51% 62,004 $30M $486.93 -$14M -9,515 -13.3%
67 GDYN 0.44% 2,259,889 $26M $11.55 -$14M -334,157 -12.9%
68 GSHD 0.43% 240,378 $25M $105.51 -$7M -36,755 -13.3%
69 TTD 0.41% 335,656 $24M $71.99 $6M -418 -0.1%
70 RIVBX 0.41% 661,655 $24M $36.48 $3M +4,688 +0.7%
71 PNTG 0.41% 807,137 $24M $29.85 $738K -121,474 -13.1%
72 POWI 0.39% 411,187 $23M $55.90 -$891K -61,607 -13.0%
73 WSC 0.38% 817,341 $22M $27.40 -$4M -123,974 -13.2%
74 ENTG 0.37% 272,640 $22M $80.65 -$6M -45,599 -14.3%
75 JKHY 0.36% 118,260 $21M $180.17 -$3M -13,941 -10.6%
76 STVN 0.35% 843,349 $21M $24.43 $856K -123,681 -12.8%
77 FWRG 0.35% 1,279,544 $21M $16.04 +1,279,544 NEW
78 CRL 0.34% 133,627 $20M $151.73 -$13M -89,107 -40.0%
79 HLMN 0.30% 2,489,726 $18M $7.14 -$8M -416,962 -14.3%
80 PHR 0.26% 551,522 $16M $28.46 -$519K -82,874 -13.1%
81 BBSI 0.25% 354,809 $15M $41.69 +354,809 NEW
82 INSP 0.25% 113,886 $15M $129.77 -$6M -18,505 -14.0%
83 TWFG 0.20% 344,267 $12M $35.00 +344,267 NEW
84 JAMF 0.19% 1,174,779 $11M $9.51 -$6M -203,841 -14.8%
85 AAPL 0.11% 32,375 $7M $205.17 -$584K -157 -0.5%
86 VXF 0.10% 31,560 $6M $192.71 -$2M -18,241 -36.6%
87 TJX 0.07% 34,980 $4M $123.49 $9K -414 -1.2%
88 VFIAX 0.07% 7,193 $4M $572.56 $393K -2 -0.0%
89 EFX 0.06% 14,468 $4M $259.37 -$436K -2,731 -15.9%
90 ECL 0.06% 13,556 $4M $269.44 $201K -57 -0.4%
91 WMT 0.06% 34,204 $3M $97.78 $317K -282 -0.8%
92 ORCL 0.05% 14,392 $3M $218.63 $2M +9,592 +199.8%
93 TSM 0.05% 12,280 $3M $226.49 $825K +496 +4.2%
94 SNA 0.05% 8,669 $3M $311.18 -$248K -72 -0.8%
95 PG 0.04% 15,201 $2M $159.32 -$189K -119 -0.8%
96 ASML 0.04% 3,009 $2M $801.39 $497K +120 +4.2%
97 PAYX 0.04% 16,373 $2M $145.46 -$160K -98 -0.6%
98 ROK 0.04% 6,991 $2M $332.17 $502K -54 -0.8%
99 IWO 0.03% 6,751 $2M $285.85 -$1M -6,630 -49.5%
100 TSCO 0.03% 36,376 $2M $52.77 +36,376 NEW

New Positions

SymbolValue% Port
CWAN $35M 0.59%
FWRG $21M 0.35%
BBSI $15M 0.25%
TWFG $12M 0.20%
TSCO $2M 0.03%
ABT $2M 0.03%
AOMR $765K 0.01%
SYM $358K 0.01%
DSCSY $225K —%
SBGSY $212K —%
AAGIY $209K —%
LRLCY $204K —%

Sold Out Positions

SymbolValue% Port
USPH —%
MDT —%
NEOG —%
PEP —%
IWF —%
DASTY —%
PYCR —%
View SEC EDGAR Filings for RIVERBRIDGE PARTNERS LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms