Q4 2025 · 13F-HR
Montanaro Asset Management Ltdholdings as filed
Filed 2026-03-10 · accession 0001831133-26-000001
$358.8M
Reported value
41
Positions
2025-12-31
Period end
The Brief · Montanaro Asset Management Ltd · Q4 2025
AI · grounded in 13F
Montanaro Asset Management Ltd closed its position in Formfactor Inc FORM, reducing its holdings by $4.55M. The fund increased its stake in Entegris Inc ENTG by 115.43% and Federal Signal Corp FSS by 65.86%. Additionally, the manager trimmed positions in Tyler Technologies Inc TYL by 25.39% and Paycom Software Inc PAYC by 20.47%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| M7516K103 | NVMI | NOVA LTD | $20.9M | 5.82% | 63,630 | Common | NONE |
| 09073M104 | TECH | BIO-TECHNE CORP | $20.4M | 5.68% | 346,450 | Common | SOLE |
| 775711104 | ROL | ROLLINS INC | $18.3M | 5.10% | 305,000 | Common | SOLE |
| 08265T208 | BSY | BENTLEY SYS INC | $17.6M | 4.91% | 461,409 | Common | SOLE |
| 441593100 | HLI | HOULIHAN LOKEY INC | $17.0M | 4.74% | 97,650 | Common | NONE |
| 562750109 | MANH | MANHATTAN ASSOCIATES INC | $16.4M | 4.58% | 94,910 | Common | SOLE |
| 057665200 | BCPC | BALCHEM CORP | $15.5M | 4.33% | 101,300 | Common | SOLE |
| 902252105 | TYL | TYLER TECHNOLOGIES INC | $13.7M | 3.83% | 30,275 | Common | NONE |
| 126402106 | CSW | CSW INDUSTRIALS INC | $13.6M | 3.78% | 46,200 | Common | NONE |
| G3323L100 | FN | FABRINET | $12.5M | 3.49% | 27,500 | Common | NONE |
| 89377M109 | TMDX | TRANSMEDICS GROUP INC | $12.4M | 3.46% | 101,939 | Common | NONE |
| 82982T106 | SITM | SITIME CORP | $12.4M | 3.44% | 35,000 | Common | NONE |
| 030420103 | AWK | AMERICAN WTR WKS CO INC NEW | $11.8M | 3.28% | 90,240 | Common | SOLE |
| 89531P105 | TREX | TREX CO INC | $10.6M | 2.96% | 302,462 | Common | SOLE |
| 420261109 | HWKN | HAWKINS INC | $9.4M | 2.61% | 65,900 | Common | NONE |
| 922475108 | VEEV | VEEVA SYS INC | $8.8M | 2.46% | 39,600 | Common | SOLE |
| 29362U104 | ENTG | ENTEGRIS INC | $8.8M | 2.46% | 104,700 | Common | NONE |
| 55354G100 | MSCI | MSCI INC | $8.7M | 2.42% | 15,150 | Common | SOLE |
| 302941109 | FCN | FTI CONSULTING INC | $8.5M | 2.38% | 50,000 | Common | NONE |
| 277276101 | EGP | EASTGROUP PPTYS INC | $8.5M | 2.36% | 47,600 | Common | NONE |
| 30214U102 | EXPO | EXPONENT INC | $8.4M | 2.33% | 120,500 | Common | NONE |
| 116794108 | BRKR | BRUKER CORP | $8.2M | 2.28% | 173,500 | Common | NONE |
| 70432V102 | PAYC | PAYCOM SOFTWARE INC | $8.0M | 2.24% | 50,500 | Common | NONE |
| 011642105 | ALRM | ALARM COM HLDGS INC | $7.7M | 2.13% | 150,100 | Common | SOLE |
| 892672106 | TW | TRADEWEB MKTS INC | $7.5M | 2.08% | 69,500 | Common | SOLE |
| 313855108 | FSS | FEDERAL SIGNAL CORP | $7.4M | 2.07% | 68,500 | Common | SOLE |
| 384109104 | GGG | GRACO INC | $7.4M | 2.06% | 90,000 | Common | NONE |
| 86333M108 | LRN | STRIDE INC | $7.0M | 1.95% | 108,000 | Common | NONE |
| 60471A101 | MIR | MIRION TECHNOLOGIES INC | $6.0M | 1.67% | 255,400 | Common | NONE |
| T9224W109 | STVN | STEVANATO GROUP S P A | $3.5M | 0.98% | 175,000 | Common | NONE |
| 42226A107 | HQY | HEALTHEQUITY INC | $3.4M | 0.95% | 37,200 | Common | SOLE |
| 07831C103 | BRBR | BELLRING BRANDS INC | $2.9M | 0.82% | 110,000 | Common | NONE |
| 00790R104 | WMS | ADVANCED DRAIN SYS INC DEL | $2.4M | 0.66% | 16,300 | Common | SOLE |
| 893529107 | TRNS | TRANSCAT INC | $2.3M | 0.63% | 40,000 | Common | NONE |
| 056525108 | BMI | BADGER METER INC | $2.1M | 0.58% | 12,000 | Common | SOLE |
| 26622P107 | DOCS | DOXIMITY INC | $1.8M | 0.51% | 41,200 | Common | SOLE |
| 29270J100 | ERII | ENERGY RECOVERY INC | $1.7M | 0.48% | 128,160 | Common | SOLE |
| 192422103 | CGNX | COGNEX CORP | $1.5M | 0.42% | 42,012 | Common | SOLE |
| 91347P105 | OLED | UNIVERSAL DISPLAY CORP | $1.5M | 0.42% | 12,900 | Common | SOLE |
| 913915104 | UTI | UNIVERSAL TECHNICAL INST INC | $1.2M | 0.32% | 44,300 | Common | SOLE |
| 49714P108 | KNSL | KINSALE CAP GROUP INC | $1.1M | 0.31% | 2,800 | 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.