Q2 2025 · 13F-HR
Montanaro Asset Management Ltdholdings as filed
Filed 2025-08-05 · accession 0001085146-25-004529
$387.9M
Reported value
39
Positions
2025-06-30
Period end
The Brief · Montanaro Asset Management Ltd · Q2 2025
AI · grounded in 13F
Montanaro Asset Management Ltd established a new position in Bentley Sys Inc BSY valued at $23.6M. The fund also initiated new stakes in Tyler Technologies Inc TYL for $22.6M and Nova Ltd NVMI for $19.8M. Additional new positions include Stride Inc LRN at $17.4M and TransMedics Group Inc TMDX at $16.9M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 08265T208 | BSY | BENTLEY SYS INC | $23.6M | 6.08% | 436,900 | Common | SOLE |
| 902252105 | TYL | TYLER TECHNOLOGIES INC | $22.6M | 5.82% | 38,075 | Common | NONE |
| M7516K103 | NVMI | NOVA LTD | $19.8M | 5.10% | 71,830 | Common | NONE |
| 86333M108 | LRN | STRIDE INC | $17.4M | 4.49% | 120,000 | Common | NONE |
| 89377M109 | TMDX | TRANSMEDICS GROUP INC | $16.9M | 4.35% | 125,936 | Common | SOLE |
| 89531P105 | TREX | TREX CO INC | $16.3M | 4.21% | 300,462 | Common | SOLE |
| 09073M104 | TECH | BIO-TECHNE CORP | $15.2M | 3.91% | 294,950 | Common | SOLE |
| 775711104 | ROL | ROLLINS INC | $15.0M | 3.85% | 265,000 | Common | SOLE |
| 441593100 | HLI | HOULIHAN LOKEY INC | $14.6M | 3.76% | 81,000 | Common | NONE |
| 562750109 | MANH | MANHATTAN ASSOCIATES INC | $14.0M | 3.62% | 71,060 | Common | NONE |
| 70432V102 | PAYC | PAYCOM SOFTWARE INC | $13.3M | 3.43% | 57,500 | Common | NONE |
| 116794108 | BRKR | BRUKER CORP | $12.8M | 3.30% | 310,700 | Common | NONE |
| 030420103 | AWK | AMERICAN WTR WKS CO INC NEW | $12.0M | 3.10% | 86,540 | Common | SOLE |
| 057665200 | BCPC | BALCHEM CORP | $11.8M | 3.05% | 74,400 | Common | NONE |
| 03662Q105 | AKX | ANSYS INC | $11.6M | 2.98% | 32,900 | Common | SOLE |
| 126402106 | CSW | CSW INDUSTRIALS INC | $11.5M | 2.96% | 40,000 | Common | NONE |
| 922475108 | VEEV | VEEVA SYS INC | $10.3M | 2.66% | 35,800 | Common | SOLE |
| 011642105 | ALRM | ALARM COM HLDGS INC | $10.0M | 2.59% | 177,600 | Common | SOLE |
| G3323L100 | FN | FABRINET | $9.7M | 2.51% | 33,000 | Common | NONE |
| 82982T106 | SITM | SITIME CORP | $9.6M | 2.47% | 45,000 | Common | NONE |
| 30214U102 | EXPO | EXPONENT INC | $9.1M | 2.34% | 121,600 | Common | NONE |
| 420261109 | HWKN | HAWKINS INC | $8.4M | 2.17% | 59,100 | Common | NONE |
| 302941109 | FCN | FTI CONSULTING INC | $8.1M | 2.08% | 50,000 | Common | NONE |
| 384109104 | GGG | GRACO INC | $7.7M | 1.99% | 90,000 | Common | NONE |
| 892672106 | TW | TRADEWEB MKTS INC | $7.7M | 1.98% | 52,500 | Common | SOLE |
| 55354G100 | MSCI | MSCI INC | $7.4M | 1.90% | 12,750 | Common | SOLE |
| 07831C103 | BRBR | BELLRING BRANDS INC | $6.4M | 1.64% | 110,000 | Common | NONE |
| 29362U104 | ENTG | ENTEGRIS INC | $4.8M | 1.24% | 59,400 | Common | SOLE |
| 313855108 | FSS | FEDERAL SIGNAL CORP | $4.7M | 1.20% | 43,900 | Common | SOLE |
| 00790R104 | WMS | ADVANCED DRAIN SYS INC DEL | $4.3M | 1.12% | 37,800 | Common | SOLE |
| 056525108 | BMI | BADGER METER INC | $4.3M | 1.11% | 17,600 | Common | SOLE |
| 346375108 | FORM | FORMFACTOR INC | $4.3M | 1.11% | 125,000 | Common | NONE |
| T9224W109 | STVN | STEVANATO GROUP S P A | $4.3M | 1.10% | 175,000 | Common | NONE |
| 574795100 | MASI | MASIMO CORP | $3.8M | 0.99% | 22,860 | Common | SOLE |
| 192422103 | CGNX | COGNEX CORP | $3.5M | 0.90% | 110,212 | Common | SOLE |
| 893529107 | TRNS | TRANSCAT INC | $3.4M | 0.89% | 40,000 | Common | NONE |
| 42226A107 | HQY | HEALTHEQUITY INC | $2.9M | 0.76% | 28,100 | Common | SOLE |
| 29270J100 | ERII | ENERGY RECOVERY INC | $2.6M | 0.68% | 205,560 | Common | SOLE |
| 91347P105 | OLED | UNIVERSAL DISPLAY CORP | $2.2M | 0.56% | 14,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.