Institutional
Montanaro Asset Management Ltd
CIK 0001831133
$334.4M
Reported AUM
42
Positions
Q1 2026
Period
2026-05-11
Filed
The Brief · Montanaro Asset Management Ltd · Q1 2026
AI · grounded in 13F
Montanaro Asset Management Ltd exited its position in TREX for a reduction of $10.6M. The fund also closed positions in BRKR and PAYC, totaling over $16M in combined sales. To offset these exits, the manager established new positions in VMI for $7.75M and WTS for $7.69M. Additionally, the fund increased its holdings in FSS by 79.7% and EXPO by 59.1%.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | NVMI | NOVA LTD | $390.87 | -0.81% | 48.31% | 286.43% | $20.9M | 6.25% | — | HELD |
| 2 | TECH | BIO-TECHNE CORP | $72.09 | 0.08% | 32.02% | -41.01% | $17.8M | 5.33% | — | HELD |
| 3 | BCPC | BALCHEM CORP | $167.56 | 2.97% | 7.60% | 19.00% | $16.7M | 5.00% | — | HELD |
| 4 | HLI | HOULIHAN LOKEY INC | $125.49 | -2.22% | -32.96% | 52.12% | $14.1M | 4.22% | — | HELD |
| 5 | BSY | BENTLEY SYS INC | $35.44 | 0.65% | -38.68% | -44.81% | $14.1M | 4.20% | — | HELD |
| 6 | EGP | EASTGROUP PPTYS INC | $209.01 | -0.27% | 33.47% | 34.78% | $14.0M | 4.19% | — | HELD |
| 7 | FSS | FEDERAL SIGNAL CORP | $124.95 | 0.32% | 2.46% | 217.48% | $13.3M | 3.98% | — | HELD |
| 8 | CSW | CSW INDUSTRIALS INC | $318.93 | 1.76% | 30.65% | 145.41% | $13.0M | 3.88% | — | HELD |
| 9 | EXPO | EXPONENT INC | $66.85 | 3.53% | -0.43% | -39.16% | $12.5M | 3.74% | — | HELD |
| 10 | AWK | AMERICAN WTR WKS CO INC NEW | $134.17 | -1.93% | -3.64% | -16.94% | $12.2M | 3.66% | — | HELD |
| 11 | LRN | STRIDE INC | $80.29 | -3.35% | -36.74% | 138.81% | $11.0M | 3.30% | — | HELD |
| 12 | ROL | ROLLINS INC | $37.97 | -0.99% | -33.95% | 3.06% | $10.8M | 3.24% | — | HELD |
| 13 | MANH | MANHATTAN ASSOCIATES INC | $191.36 | 0.20% | -11.04% | 17.17% | $10.6M | 3.16% | — | HELD |
| 14 | FN | FABRINET | $435.41 | -0.89% | 39.34% | 326.33% | $10.4M | 3.12% | — | HELD |
| 15 | ENTG | ENTEGRIS INC | $119.05 | 1.66% | 60.77% | 2.86% | $9.6M | 2.87% | — | HELD |
| 16 | TYL | TYLER TECHNOLOGIES INC | $309.60 | -4.24% | -46.77% | -36.26% | $9.4M | 2.80% | — | HELD |
| 17 | GGG | GRACO INC | $79.38 | -0.76% | -2.51% | 7.91% | $9.3M | 2.78% | — | HELD |
| 18 | HWKN | HAWKINS INC | $128.03 | -0.92% | -23.55% | 233.44% | $9.2M | 2.75% | — | HELD |
| 19 | FCN | FTI CONSULTING INC | $159.38 | -2.85% | -3.71% | 14.08% | $8.8M | 2.64% | — | HELD |
| 20 | SITM | SITIME CORP | $535.20 | 1.39% | 173.38% | 148.01% | $8.6M | 2.58% | — | HELD |
| 21 | MSCI | MSCI INC | $572.24 | -0.61% | 5.36% | -3.70% | $8.4M | 2.52% | — | HELD |
| 22 | TMDX | TRANSMEDICS GROUP INC | $76.51 | 0.50% | -36.53% | 134.12% | $7.8M | 2.34% | — | HELD |
| 23 | VMI | VALMONT INDS INC | $481.70 | 1.07% | 36.43% | 103.53% | $7.8M | 2.32% | — | HELD |
| 24 | WTS | WATTS WATER TECHNOLOGIES INC | $345.79 | 0.49% | 33.83% | 108.10% | $7.7M | 2.30% | — | HELD |
| 25 | VEEV | VEEVA SYS INC | $203.78 | 1.10% | -27.27% | -38.36% | $6.3M | 1.89% | — | HELD |
| 26 | TW | TRADEWEB MKTS INC | $100.50 | 2.76% | -26.14% | 18.11% | $6.3M | 1.87% | — | HELD |
| 27 | ALRM | ALARM COM HLDGS INC | $54.75 | 0.98% | 0.31% | -35.70% | $6.1M | 1.83% | — | HELD |
| 28 | MIR | MIRION TECHNOLOGIES INC | $14.98 | 0.94% | -24.57% | 50.86% | $5.7M | 1.70% | — | HELD |
| 29 | HQY | HEALTHEQUITY INC | $100.61 | -0.38% | 10.49% | 56.79% | $4.2M | 1.27% | — | HELD |
| 30 | HXL | HEXCEL CORP NEW | $102.95 | 0.04% | 74.48% | 88.75% | $3.4M | 1.02% | — | HELD |
| 31 | MDA | MDA SPACE LTD | $30.25 | -0.10% | — | — | $3.4M | 1.02% | — | HELD |
| 32 | TRNS | TRANSCAT INC | $85.37 | 2.44% | — | — | $2.9M | 0.88% | — | HELD |
| 33 | SNEX | STONEX GROUP INC | $76.57 | -1.35% | — | — | $2.4M | 0.72% | — | HELD |
| 34 | UTI | UNIVERSAL TECHNICAL INST INC | $39.31 | -1.87% | — | — | $2.4M | 0.72% | — | HELD |
| 35 | STVN | STEVANATO GROUP S P A | $19.85 | -1.73% | — | — | $2.4M | 0.72% | — | HELD |
| 36 | BRBR | BELLRING BRANDS INC | $12.39 | -5.78% | — | — | $2.3M | 0.67% | — | HELD |
| 37 | TTEK | TETRA TECH INC NEW | $33.16 | 2.19% | — | — | $2.2M | 0.64% | — | HELD |
| 38 | KNSL | KINSALE CAP GROUP INC | $356.42 | 0.15% | — | — | $1.5M | 0.46% | — | HELD |
| 39 | WMS | ADVANCED DRAIN SYS INC DEL | $138.48 | 0.66% | — | — | $1.5M | 0.44% | — | HELD |
| 40 | BMI | BADGER METER INC | $134.35 | 3.04% | — | — | $1.1M | 0.33% | — | HELD |
| 41 | DOCS | DOXIMITY INC | $20.91 | -1.55% | — | — | $1.1M | 0.32% | — | HELD |
| 42 | CLH | CLEAN HARBORS INC | $312.88 | -1.35% | — | — | $1.0M | 0.31% | — | HELD |
Source: SEC EDGAR · accession 0001831133-26-000002. 13F discloses long positions only — shorts, foreign equities, and options are excluded.