Q4 2025 · 13F-HR
Pembroke Management, LTDholdings as filed
Filed 2026-02-12 · accession 0001172661-26-000669
$967.9M
Reported value
92
Positions
2025-12-31
Period end
The Brief · Pembroke Management, LTD · Q4 2025
AI · grounded in 13F
Pembroke Management, LTD closed its position in TREX for a reduction of $24.6M. The fund established a new position in BGSI worth $26.1M and added LPX with a $10.9M investment. Other notable activity includes increasing shares of TECH by 36.0% and FSS by 32.5%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 76118Y104 | REZI | RESIDEO TECHNOLOGIES INC | $50.7M | 5.24% | 1,444,832 | Common | SOLE |
| 379577208 | GMED | GLOBUS MED INC | $49.7M | 5.14% | 569,735 | Common | SOLE |
| 609839105 | MPWR | MONOLITHIC PWR SYS INC | $48.2M | 4.98% | 53,142 | Common | SOLE |
| 21874C102 | CNM | CORE & MAIN INC | $46.6M | 4.81% | 895,855 | Common | SOLE |
| 000360206 | AAON | AAON INC | $41.7M | 4.31% | 547,215 | Common | SOLE |
| 98139A105 | WK | WORKIVA INC | $40.9M | 4.23% | 474,356 | Common | SOLE |
| 313855108 | FSS | FEDERAL SIGNAL CORP | $40.5M | 4.18% | 372,543 | Common | SOLE |
| 74624M102 | P | PURE STORAGE INC | $40.1M | 4.15% | 598,966 | Common | SOLE |
| 45780R101 | IBP | INSTALLED BLDG PRODS INC | $34.1M | 3.52% | 131,367 | Common | SOLE |
| 82982L103 | SITE | SITEONE LANDSCAPE SUPPLY INC | $32.7M | 3.37% | 262,126 | Common | SOLE |
| 09073M104 | TECH | BIO-TECHNE CORP | $30.2M | 3.12% | 512,868 | Common | SOLE |
| 405166109 | HGTY | HAGERTY INC | $29.9M | 3.09% | 2,226,961 | Common | SOLE |
| 562750109 | MANH | MANHATTAN ASSOCIATES INC | $29.0M | 2.99% | 167,248 | Common | SOLE |
| 607828100 | MOD | MODINE MFG CO | $28.2M | 2.91% | 211,143 | Common | SOLE |
| 103310108 | BGSI | BOYD GROUP SERVICES INC | $26.1M | 2.70% | 119,498 | Common | SOLE |
| T9224W109 | STVN | STEVANATO GROUP S P A | $25.4M | 2.63% | 1,263,833 | Common | SOLE |
| M2197Q107 | CLBT | CELLEBRITE DI LTD | $24.9M | 2.57% | 1,380,940 | Common | SOLE |
| 05465C100 | AX | AXOS FINANCIAL INC | $24.9M | 2.57% | 288,555 | Common | SOLE |
| 74736L109 | QTWO | Q2 HLDGS INC | $24.8M | 2.56% | 343,134 | Common | SOLE |
| 258278100 | DORM | DORMAN PRODS INC | $19.4M | 2.01% | 157,561 | Common | SOLE |
| 45245E109 | IMAX | IMAX CORP | $19.0M | 1.97% | 514,648 | Common | SOLE |
| 942622200 | WSO | WATSCO INC | $15.8M | 1.63% | 46,803 | Common | SOLE |
| 12618T105 | CRAI | CRA INTL INC | $15.3M | 1.58% | 76,184 | Common | SOLE |
| 464287200 | IVV | ISHARES TR | $15.3M | 1.58% | 22,303 | Common | SOLE |
| 103002101 | BWMN | BOWMAN CONSULTING GROUP LTD | $14.5M | 1.50% | 439,401 | Common | SOLE |
| 75704L104 | RDVT | RED VIOLET INC | $14.1M | 1.46% | 247,470 | Common | SOLE |
| 92538J106 | VERX | VERTEX INC | $12.9M | 1.34% | 648,097 | Common | SOLE |
| 681116109 | OLLI | OLLIES BARGAIN OUTLET HLDGS | $12.2M | 1.26% | 111,216 | Common | SOLE |
| 92512J106 | VBNK | VERSABANK NEW | $11.0M | 1.14% | 736,222 | Common | SOLE |
| 546347105 | LPX | LOUISIANA PAC CORP | $11.0M | 1.13% | 135,592 | Common | SOLE |
| 78351F107 | RYAN | RYAN SPECIALTY HOLDINGS INC | $10.0M | 1.03% | 193,966 | Common | SOLE |
| 375916103 | GIL | GILDAN ACTIVEWEAR INC | $9.9M | 1.03% | 159,161 | Common | SOLE |
| 16679L109 | CHWY | CHEWY INC | $9.8M | 1.01% | 297,007 | Common | SOLE |
| 92645B103 | VCTR | VICTORY CAP HLDGS INC | $9.4M | 0.97% | 148,809 | Common | SOLE |
| 33829M101 | FIVE | FIVE BELOW INC | $8.9M | 0.92% | 47,307 | Common | SOLE |
| 249906108 | DSGX | DESCARTES SYS GROUP INC | $8.9M | 0.91% | 100,973 | Common | SOLE |
| 913915104 | UTI | UNIVERSAL TECHNICAL INST INC | $7.4M | 0.76% | 283,155 | Common | SOLE |
| 50189K103 | LCII | LCI INDS | $7.2M | 0.74% | 59,153 | Common | SOLE |
| 12763L105 | CDRE | CADRE HLDGS INC | $6.5M | 0.67% | 159,913 | Common | SOLE |
| 26701L100 | BROS | DUTCH BROS INC | $5.9M | 0.61% | 96,537 | Common | SOLE |
| 147448104 | CWST | CASELLA WASTE SYS INC | $5.0M | 0.51% | 50,755 | Common | SOLE |
| 46432F842 | IEFA | ISHARES TR | $4.9M | 0.50% | 54,471 | Common | SOLE |
| 56035L104 | MAIN | MAIN STR CAP CORP | $3.9M | 0.40% | 64,529 | Common | SOLE |
| 46434G103 | IEMG | ISHARES INC | $3.8M | 0.39% | 56,439 | Common | SOLE |
| 464286681 | EUSA | ISHARES INC | $2.4M | 0.25% | 23,623 | Common | SOLE |
| 780087102 | RY | ROYAL BK CDA | $2.3M | 0.23% | 13,266 | Common | SOLE |
| 124765108 | CAE | CAE INC | $1.9M | 0.19% | 61,864 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY INC | $1.8M | 0.18% | 10,937 | Common | SOLE |
| 94106B101 | WCN | WASTE CONNECTIONS INC | $1.6M | 0.16% | 6,625 | Common | SOLE |
| 12634H200 | PMTS | CPI CARD GROUP INC | $1.5M | 0.15% | 99,567 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $1.3M | 0.14% | 7,170 | Common | SOLE |
| 12532H104 | GIB | CGI INC | $1.3M | 0.14% | 14,220 | Common | SOLE |
| 226552107 | CXDO | CREXENDO INC | $1.3M | 0.13% | 195,371 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $1.1M | 0.11% | 4,789 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $1.1M | 0.11% | 4,058 | Common | SOLE |
| 33767E202 | FSV | FIRSTSERVICE CORP NEW | $1.0M | 0.11% | 6,541 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $989,970 | 0.10% | 2,047 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $979,109 | 0.10% | 21,336 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $964,353 | 0.10% | 3,081 | Common | SOLE |
| 683715106 | OTEX | OPEN TEXT CORP | $882,065 | 0.09% | 19,733 | Common | SOLE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $760,504 | 0.08% | 3,416 | Common | SOLE |
| 008474108 | AEM | AGNICO EAGLE MINES LTD | $760,003 | 0.08% | 4,483 | Common | SOLE |
| 962879102 | WPM | WHEATON PRECIOUS METALS CORP | $743,196 | 0.08% | 6,324 | Common | SOLE |
| 60937P106 | MDB | MONGODB INC | $701,302 | 0.07% | 1,671 | Common | SOLE |
| 011532108 | AGI | ALAMOS GOLD INC NEW | $694,903 | 0.07% | 18,012 | Common | SOLE |
| 85472N109 | STN | STANTEC INC | $654,198 | 0.07% | 6,933 | Common | SOLE |
| 922475108 | VEEV | VEEVA SYS INC | $572,585 | 0.06% | 2,565 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $553,155 | 0.06% | 838 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $545,190 | 0.06% | 955 | Common | SOLE |
| H5919C104 | ONON | ON HLDG AG | $542,189 | 0.06% | 11,665 | Common | SOLE |
| N07059210 | ASML | ASML HOLDING N V | $531,720 | 0.05% | 497 | Common | SOLE |
| 194693107 | CIGI | COLLIERS INTL GROUP INC | $518,945 | 0.05% | 3,530 | Common | SOLE |
| 45168D104 | IDXX | IDEXX LABS INC | $512,133 | 0.05% | 757 | Common | SOLE |
| 893641100 | TDG | TRANSDIGM GROUP INC | $508,003 | 0.05% | 382 | Common | SOLE |
| 05587G203 | BKTI | BK TECHNOLOGIES CORPORATION | $500,648 | 0.05% | 6,712 | Common | SOLE |
| G54950103 | LIN | LINDE PLC | $500,155 | 0.05% | 1,173 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $494,353 | 0.05% | 460 | Common | SOLE |
| 67103H107 | ORLY | OREILLY AUTOMOTIVE INC | $449,118 | 0.05% | 4,924 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $440,062 | 0.05% | 3,951 | Common | SOLE |
| 743315103 | PGR | PROGRESSIVE CORP | $407,847 | 0.04% | 1,791 | Common | SOLE |
| 101137107 | BSX | BOSTON SCIENTIFIC CORP | $400,470 | 0.04% | 4,200 | Common | SOLE |
| 22160N109 | CSGP | COSTAR GROUP INC | $394,968 | 0.04% | 5,874 | Common | SOLE |
| 217204106 | CPRT | COPART INC | $379,129 | 0.04% | 9,684 | Common | SOLE |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $346,684 | 0.04% | 597 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC | $344,100 | 0.04% | 1,000 | Common | SOLE |
| G8994E103 | TT | TRANE TECHNOLOGIES PLC | $315,252 | 0.03% | 810 | Common | SOLE |
| 127387108 | CDNS | CADENCE DESIGN SYSTEM INC | $309,767 | 0.03% | 991 | Common | SOLE |
| 74460D109 | PSA | PUBLIC STORAGE OPER CO | $274,292 | 0.03% | 1,057 | Common | SOLE |
| 902252105 | TYL | TYLER TECHNOLOGIES INC | $272,370 | 0.03% | 600 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $272,011 | 0.03% | 824 | Common | SOLE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $210,620 | 0.02% | 650 | Common | SOLE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $200,925 | 0.02% | 233 | 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.