Q3 2025 · 13F-HR
Montanaro Asset Management Ltdholdings as filed
Filed 2025-11-13 · accession 0001831133-25-000003
$400.4M
Reported value
41
Positions
2025-09-30
Period end
The Brief · Montanaro Asset Management Ltd · Q3 2025
AI · grounded in 13F
Montanaro Asset Management Ltd established a new position in Bentley Sys Inc BSY worth $23.7M. The fund also initiated new stakes in Nova Ltd NVMI for $23.6M and Tyler Technologies Inc TYL for $21.2M. Additional new positions include Bio-Techne Corp TECH and Stride Inc LRN.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 08265T208 | BSY | BENTLEY SYS INC | $23.7M | 5.93% | 460,900 | Common | SOLE |
| M7516K103 | NVMI | NOVA LTD | $23.6M | 5.88% | 73,680 | Common | NONE |
| 902252105 | TYL | TYLER TECHNOLOGIES INC | $21.2M | 5.30% | 40,575 | Common | SOLE |
| 09073M104 | TECH | BIO-TECHNE CORP | $20.1M | 5.03% | 362,050 | Common | SOLE |
| 86333M108 | LRN | STRIDE INC | $19.7M | 4.92% | 132,200 | Common | NONE |
| 562750109 | MANH | MANHATTAN ASSOCIATES INC | $18.9M | 4.72% | 92,160 | Common | SOLE |
| 441593100 | HLI | HOULIHAN LOKEY INC | $18.3M | 4.56% | 89,000 | Common | NONE |
| 775711104 | ROL | ROLLINS INC | $17.4M | 4.36% | 297,000 | Common | SOLE |
| 89531P105 | TREX | TREX CO INC | $16.7M | 4.16% | 322,462 | Common | SOLE |
| 89377M109 | TMDX | TRANSMEDICS GROUP INC | $14.7M | 3.66% | 130,586 | Common | SOLE |
| 030420103 | AWK | AMERICAN WTR WKS CO INC NEW | $13.6M | 3.39% | 97,540 | Common | SOLE |
| 70432V102 | PAYC | PAYCOM SOFTWARE INC | $13.2M | 3.30% | 63,500 | Common | NONE |
| G3323L100 | FN | FABRINET | $12.0M | 3.01% | 33,000 | Common | NONE |
| 922475108 | VEEV | VEEVA SYS INC | $12.0M | 2.99% | 40,200 | Common | SOLE |
| 057665200 | BCPC | BALCHEM CORP | $11.8M | 2.95% | 78,700 | Common | NONE |
| 420261109 | HWKN | HAWKINS INC | $10.8M | 2.70% | 59,100 | Common | NONE |
| 82982T106 | SITM | SITIME CORP | $10.5M | 2.63% | 35,000 | Common | NONE |
| 126402106 | CSW | CSW INDUSTRIALS INC | $9.7M | 2.42% | 40,000 | Common | NONE |
| 011642105 | ALRM | ALARM COM HLDGS INC | $8.7M | 2.18% | 164,300 | Common | SOLE |
| 30214U102 | EXPO | EXPONENT INC | $8.4M | 2.11% | 121,600 | Common | NONE |
| 55354G100 | MSCI | MSCI INC | $8.1M | 2.03% | 14,350 | Common | SOLE |
| 302941109 | FCN | FTI CONSULTING INC | $8.1M | 2.02% | 50,000 | Common | NONE |
| 384109104 | GGG | GRACO INC | $7.6M | 1.91% | 90,000 | Common | NONE |
| 892672106 | TW | TRADEWEB MKTS INC | $7.2M | 1.80% | 65,000 | Common | SOLE |
| 116794108 | BRKR | BRUKER CORP | $7.2M | 1.79% | 220,600 | Common | NONE |
| 277276101 | EGP | EASTGROUP PPTYS INC | $6.3M | 1.56% | 37,000 | Common | NONE |
| 313855108 | FSS | FEDERAL SIGNAL CORP | $4.9M | 1.23% | 41,300 | Common | SOLE |
| 346375108 | FORM | FORMFACTOR INC | $4.6M | 1.14% | 125,000 | Common | NONE |
| T9224W109 | STVN | STEVANATO GROUP S P A | $4.5M | 1.13% | 175,000 | Common | NONE |
| 29362U104 | ENTG | ENTEGRIS INC | $4.5M | 1.12% | 48,600 | Common | SOLE |
| 07831C103 | BRBR | BELLRING BRANDS INC | $4.0M | 1.00% | 110,000 | Common | NONE |
| 60471A101 | MIR | MIRION TECHNOLOGIES INC | $4.0M | 1.00% | 171,600 | Common | NONE |
| 00790R104 | WMS | ADVANCED DRAIN SYS INC DEL | $3.7M | 0.92% | 26,600 | Common | SOLE |
| 29270J100 | ERII | ENERGY RECOVERY INC | $3.2M | 0.79% | 205,560 | Common | SOLE |
| 42226A107 | HQY | HEALTHEQUITY INC | $3.1M | 0.78% | 32,900 | Common | SOLE |
| 192422103 | CGNX | COGNEX CORP | $3.0M | 0.75% | 66,312 | Common | SOLE |
| 893529107 | TRNS | TRANSCAT INC | $2.9M | 0.73% | 40,000 | Common | NONE |
| 26622P107 | DOCS | DOXIMITY INC | $2.4M | 0.59% | 32,200 | Common | SOLE |
| 056525108 | BMI | BADGER METER INC | $2.1M | 0.54% | 12,000 | Common | SOLE |
| 91347P105 | OLED | UNIVERSAL DISPLAY CORP | $2.0M | 0.50% | 14,000 | Common | SOLE |
| 574795100 | MASI | MASIMO CORP | $1.9M | 0.48% | 12,960 | 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.