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Asset Manager ← All Institutions

Montanaro Asset Management Ltd

Q3 2025 · Filed 2025-11-13
Market Value
$400M
+3.2%
Holdings
42
-4
New Purchases
3
Added To
17
Closed
1
Reduced
9
Top 10 Concentration
48.5%
Turnover
9.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EGP 1.56% 0.00% +1.56% $6M
TECH 5.03% 3.91% +1.12% $20M
MANH 4.72% 3.62% +1.10% $19M
MIR 1.00% 0.00% +1.00% $4M
HLI 4.56% 3.76% +0.81% $18M
NVMI 5.88% 5.10% +0.79% $24M
DOCS 0.59% 0.00% +0.59% $2M
HWKN 2.70% 2.17% +0.53% $11M
ROL 4.36% 3.85% +0.50% $17M
FN 3.01% 2.51% +0.50% $12M
LRN 4.92% 4.49% +0.43% $20M
VEEV 2.99% 2.66% +0.33% $12M
AWK 3.39% 3.10% +0.29% $14M
SITM 2.63% 2.47% +0.16% $11M
MSCI 2.03% 1.90% +0.14% $8M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ANSS 0.00% 2.98% -2.98% $0
BRKRP 1.79% 3.30% -1.51% $7M
TMDX 3.66% 4.35% -0.69% $15M
BRBR 1.00% 1.64% -0.64% $4M
BMI 0.54% 1.11% -0.58% $2M
CSWI 2.42% 2.96% -0.53% $10M
TYL 5.30% 5.82% -0.52% $21M
MASI 0.48% 0.99% -0.51% $2M
ALRM 2.18% 2.59% -0.41% $9M
EXPO 2.11% 2.34% -0.23% $8M
WMS 0.92% 1.12% -0.20% $4M
TW 1.80% 1.98% -0.18% $7M
TRNS 0.73% 0.89% -0.16% $3M
CGNX 0.75% 0.90% -0.15% $3M
BSY 5.93% 6.08% -0.15% $24M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 18 $181M 45.2%
Mid Cap 21 $210M 52.3%
Small Cap 3 $10M 2.5%

Portfolio Analytics

Avg Market Cap
$11.9B
Median Market Cap
$7.9B
Avg P/E
44.4
Median P/E
31.4
Avg Dividend Yield
0.01%
Avg Beta
1.06
# Stocks
42
# ETFs / Funds
0

Top Holdings (42 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BSY 5.93% 460,900 $24M $51.51 $161K +24,000 +5.5%
2 NVMI 5.88% 73,680 $24M $319.66 $4M +1,850 +2.6%
3 TYL 5.30% 40,575 $21M $523.16 -$1M +2,500 +6.6%
4 TECH 5.03% 362,050 $20M $55.63 $5M +67,100 +22.8%
5 LRN 4.92% 132,200 $20M $148.94 $2M +12,200 +10.2%
6 MANH 4.72% 92,160 $19M $204.98 $5M +21,100 +29.7%
7 HLI 4.56% 89,000 $18M $205.32 $4M +8,000 +9.9%
8 ROL 4.36% 297,000 $17M $58.74 $2M +32,000 +12.1%
9 TREX 4.16% 322,462 $17M $51.67 $322K +22,000 +7.3%
10 TMDX 3.66% 130,586 $15M $112.20 -$2M +4,650 +3.7%
11 AWK 3.39% 97,540 $14M $139.19 $2M +11,000 +12.7%
12 PAYC 3.30% 63,500 $13M $208.14 -$89K +6,000 +10.4%
13 FN 3.01% 33,000 $12M $364.62 $2M
14 VEEV 2.99% 40,200 $12M $297.91 $2M +4,400 +12.3%
15 BCPC 2.95% 78,700 $12M $150.06 -$35K +4,300 +5.8%
16 HWKN 2.70% 59,100 $11M $182.72 $2M
17 SITM 2.63% 35,000 $11M $301.31 $957K -10,000 -22.2%
18 CSWI 2.42% 40,000 $10M $242.75 -$2M
19 ALRM 2.18% 164,300 $9M $53.08 -$1M -13,300 -7.5%
20 EXPO 2.11% 121,600 $8M $69.48 -$636K
21 MSCI 2.03% 14,350 $8M $567.41 $789K +1,600 +12.6%
22 FCN 2.02% 50,000 $8M $161.65 $8K
23 GGG 1.91% 90,000 $8M $84.96 -$91K
24 TW 1.80% 65,000 $7M $110.98 -$472K +12,500 +23.8%
25 BRKRP 1.79% 220,600 $7M $32.49 -$6M -90,100 -29.0%
26 EGP 1.56% 37,000 $6M $169.26 +37,000 NEW
27 FSS 1.23% 41,300 $5M $118.99 $242K -2,600 -5.9%
28 FORM 1.14% 125,000 $5M $36.42 $251K
29 STVN 1.13% 175,000 $5M $25.75 $231K
30 ENTG 1.12% 48,600 $4M $92.46 -$297K -10,800 -18.2%
31 BRBR 1.00% 110,000 $4M $36.35 -$2M
32 MIR 1.00% 171,600 $4M $23.26 +171,600 NEW
33 WMS 0.92% 26,600 $4M $138.70 -$652K -11,200 -29.6%
34 ERII 0.79% 205,560 $3M $15.42 $543K
35 HQY 0.78% 32,900 $3M $94.77 $174K +4,800 +17.1%
36 CGNX 0.75% 66,312 $3M $45.30 -$492K -43,900 -39.8%
37 TRNS 0.73% 40,000 $3M $73.20 -$510K
38 DOCS 0.59% 32,200 $2M $73.15 +32,200 NEW
39 BMI 0.54% 12,000 $2M $178.58 -$2M -5,600 -31.8%
40 OLED 0.50% 14,000 $2M $143.63 -$151K
41 MASI 0.48% 12,960 $2M $147.55 -$2M -9,900 -43.3%
42 ANSS —% -$12M -32,900 -100.0% SOLD

New Positions

SymbolValue% Port
EGP $6M 1.56%
MIR $4M 1.00%
DOCS $2M 0.59%

Sold Out Positions

SymbolValue% Port
ANSS —%
View SEC EDGAR Filings for Montanaro Asset Management Ltd →

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