Q3 2025 · 13F-HR
Dundas Partners LLPholdings as filed
Filed 2025-11-13 · accession 0001742418-25-000009
$1.42B
Reported value
50
Positions
2025-09-30
Period end
The Brief · Dundas Partners LLP · Q3 2025
AI · grounded in 13F
Dundas Partners LLP established a new position in MSFT valued at $96.6M. The fund also initiated new stakes in WRB for $90.5M and TSM for $78.9M. Additional new positions included APH at $75M and GOOG at $73.5M. The fund ended the period with 50 positions and total AUM of $1.4B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | MICROSOFT CORP | $96.6M | 6.82% | 186,468 | Common | SOLE |
| 084423102 | WRB | WR BERKLEY CORP | $90.5M | 6.39% | 1,181,601 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR SP ADR | $78.9M | 5.57% | 282,445 | Common | SOLE |
| 032095101 | APH | AMPHENOL CORP NEW | $75.0M | 5.30% | 606,161 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC CL C | $73.5M | 5.19% | 301,749 | Common | SOLE |
| 025816109 | AXP | AMERICAN EXPRESS CO | $62.8M | 4.44% | 189,180 | Common | SOLE |
| 92826C839 | V | VISA INC CLASS A SHARES | $62.0M | 4.37% | 181,492 | Common | SOLE |
| 115236101 | BRO | BROWN & BROWN INC | $59.4M | 4.19% | 633,541 | Common | SOLE |
| 002824100 | ABT | ABBOTT LABORATORIES | $59.3M | 4.19% | 442,954 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATERIALS INC | $57.0M | 4.02% | 278,394 | Common | SOLE |
| 032654105 | ADI | ANALOG DEVICES INC | $50.8M | 3.59% | 206,749 | Common | SOLE |
| 761152107 | RMD | RESMED INC | $47.9M | 3.38% | 175,117 | Common | SOLE |
| 631103108 | NDAQ | NASDAQ INC | $46.9M | 3.31% | 530,283 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $46.2M | 3.26% | 95,231 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $45.7M | 3.22% | 8,458 | Common | SOLE |
| 98978V103 | ZTS | ZOETIS INC | $45.5M | 3.21% | 310,676 | Common | SOLE |
| 053015103 | ADP | AUTOMATIC DATA PROCESSING INC | $44.5M | 3.14% | 151,673 | Common | SOLE |
| 778296103 | ROST | ROSS STORES INC | $41.2M | 2.91% | 270,309 | Common | SOLE |
| 863667101 | SYK | STRYKER CORP | $36.5M | 2.58% | 98,694 | Common | SOLE |
| G1151C101 | ACN | ACCENTURE PLC CL A | $36.0M | 2.54% | 145,882 | Common | SOLE |
| 294429105 | EFX | EQUIFAX INC | $34.0M | 2.40% | 132,615 | Common | SOLE |
| 031100100 | AME | AMETEK INC | $32.4M | 2.29% | 172,472 | Common | SOLE |
| 461202103 | INTU | INTUIT | $29.9M | 2.11% | 43,762 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD ADR | $29.5M | 2.08% | 864,132 | Common | SOLE |
| H01301128 | ALC | ALCON AG | $29.2M | 2.06% | 391,786 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $25.3M | 1.79% | 44,459 | Common | SOLE |
| 55354G100 | MSCI | MSCI INC | $21.4M | 1.51% | 37,782 | Common | SOLE |
| 384802104 | GWW | WW GRAINGER INC | $20.2M | 1.43% | 21,181 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $20.2M | 1.42% | 85,152 | Common | SOLE |
| 74935Q107 | RBA | RB GLOBAL INC | $10.1M | 0.72% | 93,605 | Common | NONE |
| 78351F107 | RYAN | RYAN SPECIALTY HOLDINGS INC | $660,708 | 0.05% | 11,723 | Common | SOLE |
| 942749102 | WTS | WATTS WATER TECHNOLOGIES INC | $633,966 | 0.04% | 2,270 | Common | SOLE |
| 70432V102 | PAYC | PAYCOM SOFTWARE INC | $586,747 | 0.04% | 2,819 | Common | SOLE |
| 45867GAD3 | IDCC 3.5 06/01/27 | INTERDIGITAL INC | $571,010 | 0.04% | 1,654 | Common | SOLE |
| 09073M104 | TECH | BIO-TECHNE CORP | $552,740 | 0.04% | 9,936 | Common | SOLE |
| 03820C105 | AIT | APPLIED INDL TECHNOLOGIES IN | $550,816 | 0.04% | 2,110 | Common | SOLE |
| 426281101 | JKHY | HENRY JACK & ASSOC INC | $534,808 | 0.04% | 3,591 | Common | SOLE |
| 29605J106 | ESAB | ESAB CORPORATION | $471,990 | 0.03% | 4,224 | Common | SOLE |
| 57060D108 | MKTX | MARKETAXESS HLDGS INC | $390,146 | 0.03% | 2,239 | Common | SOLE |
| 860630102 | SF | STIFEL FINL CORP | $380,578 | 0.03% | 3,354 | Common | SOLE |
| 407497106 | HLNE | HAMILTON LANE INC | $346,949 | 0.02% | 2,574 | Common | SOLE |
| 89400J107 | TRU | TRANSUNION | $345,341 | 0.02% | 4,122 | Common | SOLE |
| G6700G107 | NVT | NVENT ELECTRIC PLC | $323,638 | 0.02% | 3,281 | Common | SOLE |
| 224408104 | CR | CRANE COMPANY | $319,667 | 0.02% | 1,736 | Common | SOLE |
| 749607107 | RLI | RLI CORP | $313,056 | 0.02% | 4,800 | Common | SOLE |
| 29977A105 | EVR | EVERCORE INC | $309,322 | 0.02% | 917 | Common | SOLE |
| 537008104 | LFUS | LITTELFUSE INC | $236,476 | 0.02% | 913 | Common | SOLE |
| 525558201 | LMAT | LEMAITRE VASCULAR INC | $232,777 | 0.02% | 2,660 | Common | SOLE |
| 384109104 | GGG | GRACO INC | $156,496 | 0.01% | 1,842 | Common | SOLE |
| 056525108 | BMI | BADGER METER INC | $138,042 | 0.01% | 773 | 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.