Montanaro Asset Management Ltd
CIK 0001831133
Annualised vol
7.698084%
Beta
0.259205
HHI
334.319751
Top-10 weight
45.402057%
VaR 95%
0.648054%
VaR 99%
1.320312%
Max drawdown
15.502369%
Matched value
64.06132%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| NVMI | REDUCED | 34,380 | 48,130 | -28.57% | 18,666,277 |
| WTS | ADDED | 46,100 | 26,500 | 73.96% | 18,045,845 |
| BCPC | REDUCED | 87,518 | 98,700 | -11.33% | 14,786,166 |
| SITM | REDUCED | 16,000 | 25,000 | -36.0% | 11,928,960 |
| CSW | REDUCED | 40,705 | 49,800 | -18.26% | 11,328,202 |
| HLI | REDUCED | 82,934 | 98,250 | -15.59% | 11,123,937 |
| ENTG | REDUCED | 59,500 | 81,900 | -27.35% | 10,701,670 |
| EXPO | REDUCED | 179,089 | 191,800 | -6.63% | 10,523,270 |
| MANH | REDUCED | 67,765 | 79,310 | -14.56% | 9,436,276 |
| TECH | REDUCED | 126,335 | 341,050 | -62.96% | 8,925,568 |
| LRN | REDUCED | 97,249 | 125,300 | -22.39% | 8,386,754 |
| SXT | NEW | 65,500 | - | - | 8,075,495 |
| MIR | ADDED | 418,646 | 305,300 | 37.13% | 7,506,323 |
| ROL | REDUCED | 151,315 | 203,000 | -25.46% | 6,315,888 |
| MSCI | REDUCED | 11,000 | 15,650 | -29.71% | 6,160,440 |
| FN | REDUCED | 10,000 | 20,000 | -50.0% | 5,620,800 |
| MDA | REDUCED | 121,600 | 134,100 | -9.32% | 5,021,626 |
| HQY | REDUCED | 47,400 | 50,800 | -6.69% | 4,281,168 |
| HWKN | REDUCED | 29,800 | 59,800 | -50.17% | 4,234,580 |
| CLH | ADDED | 13,500 | 3,600 | 275.0% | 4,033,125 |
| GGG | REDUCED | 50,000 | 110,000 | -54.55% | 3,780,500 |
| TRNS | REDUCED | 32,105 | 40,000 | -19.74% | 2,978,381 |
| SNEX | REDUCED | 24,079 | 30,000 | -19.74% | 2,853,362 |
| TTEK | ADDED | 91,800 | 71,500 | 28.39% | 2,652,102 |
| STVN | REDUCED | 140,459 | 175,000 | -19.74% | 2,538,094 |
| ESE | NEW | 5,000 | - | - | 1,750,200 |
| BMI | ADDED | 10,300 | 7,300 | 41.1% | 1,528,314 |
| BRBR | CLOSED OUT | 0 | 140,000 | -100.0% | 0 |
| TMDX | CLOSED OUT | 0 | 78,739 | -100.0% | 0 |
| FCN | CLOSED OUT | 0 | 50,000 | -100.0% | 0 |
| DOCS | CLOSED OUT | 0 | 45,300 | -100.0% | 0 |
| TYL | CLOSED OUT | 0 | 27,325 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| NVMI | REDUCED | NOVA LTD | COM | M7516K103 | 18,666,277 | 5.89 | 34380.0 |
| WTS | ADDED | WATTS WATER TECHNOLOGIES INC | CL A | 942749102 | 18,045,845 | 5.69 | 46100.0 |
| - | EASTGROUP PPTYS INC | COM | 277276101 | 16,064,275 | 5.06 | 79318.0 | |
| - | FEDERAL SIGNAL CORP | COM | 313855108 | 15,744,008 | 4.96 | 122531.0 | |
| - | VALMONT INDS INC | COM | 920253101 | 14,930,960 | 4.71 | 25850.0 | |
| BCPC | REDUCED | BALCHEM CORP | COM | 057665200 | 14,786,166 | 4.66 | 87518.0 |
| SITM | REDUCED | SITIME CORP | COM | 82982T106 | 11,928,960 | 3.76 | 16000.0 |
| - | BENTLEY SYS INC | COM CL B | 08265T208 | 11,383,098 | 3.59 | 380833.0 | |
| CSW | REDUCED | CSW INDUSTRIALS INC | COM | 126402106 | 11,328,202 | 3.57 | 40705.0 |
| HLI | REDUCED | HOULIHAN LOKEY INC | CL A | 441593100 | 11,123,937 | 3.51 | 82934.0 |
| - | AMERICAN WTR WKS CO INC NEW | COM | 030420103 | 11,071,141 | 3.49 | 84140.0 | |
| - | ACUITY INC | COM | 00508Y102 | 10,904,307 | 3.44 | 28950.0 | |
| ENTG | REDUCED | ENTEGRIS INC | COM | 29362U104 | 10,701,670 | 3.37 | 59500.0 |
| EXPO | REDUCED | EXPONENT INC | COM | 30214U102 | 10,523,270 | 3.32 | 179089.0 |
| MANH | REDUCED | MANHATTAN ASSOCIATES INC | COM | 562750109 | 9,436,276 | 2.98 | 67765.0 |
| TECH | REDUCED | BIO-TECHNE CORP | COM | 09073M104 | 8,925,568 | 2.81 | 126335.0 |
| LRN | REDUCED | STRIDE INC | COM | 86333M108 | 8,386,754 | 2.64 | 97249.0 |
| SXT | NEW | SENSIENT TECHNOLOGIES CORP | COM | 81725T100 | 8,075,495 | 2.55 | 65500.0 |
| - | VEEVA SYS INC | CL A COM | 922475108 | 7,648,957 | 2.41 | 43100.0 | |
| MIR | ADDED | MIRION TECHNOLOGIES INC | COM CL A | 60471A101 | 7,506,323 | 2.37 | 418646.0 |
| ROL | REDUCED | ROLLINS INC | COM | 775711104 | 6,315,888 | 1.99 | 151315.0 |
| MSCI | REDUCED | MSCI INC | COM | 55354G100 | 6,160,440 | 1.94 | 11000.0 |
| FN | REDUCED | FABRINET | SHS | G3323L100 | 5,620,800 | 1.77 | 10000.0 |
| - | ALARM COM HLDGS INC | COM | 011642105 | 5,195,124 | 1.64 | 111197.0 | |
| MDA | REDUCED | MDA SPACE LTD | COM | 55293N109 | 5,021,626 | 1.58 | 121600.0 |
| HQY | REDUCED | HEALTHEQUITY INC | COM | 42226A107 | 4,281,168 | 1.35 | 47400.0 |
| HWKN | REDUCED | HAWKINS INC | COM | 420261109 | 4,234,580 | 1.34 | 29800.0 |
| CLH | ADDED | CLEAN HARBORS INC | COM | 184496107 | 4,033,125 | 1.27 | 13500.0 |
| - | TRADEWEB MKTS INC | CL A | 892672106 | 3,936,570 | 1.24 | 39500.0 | |
| GGG | REDUCED | GRACO INC | COM | 384109104 | 3,780,500 | 1.19 | 50000.0 |
| - | BEL FUSE INC | CL B | 077347300 | 3,663,440 | 1.16 | 11000.0 | |
| - | KODIAK GAS SVCS INC | COM | 50012A108 | 3,380,850 | 1.07 | 45000.0 | |
| - | HEXCEL CORP NEW | COM | 428291108 | 3,373,023 | 1.06 | 33710.0 | |
| TRNS | REDUCED | TRANSCAT INC | COM | 893529107 | 2,978,381 | 0.94 | 32105.0 |
| SNEX | REDUCED | STONEX GROUP INC | COM | 861896108 | 2,853,362 | 0.9 | 24079.0 |
| - | ADVANCED DRAIN SYS INC DEL | COM | 00790R104 | 2,809,584 | 0.89 | 17900.0 | |
| TTEK | ADDED | TETRA TECH INC NEW | COM | 88162G103 | 2,652,102 | 0.84 | 91800.0 |
| STVN | REDUCED | STEVANATO GROUP S P A | ORD SHS | T9224W109 | 2,538,094 | 0.8 | 140459.0 |
| - | UNIVERSAL TECHNICAL INST INC | COM | 913915104 | 2,312,488 | 0.73 | 54068.0 | |
| ESE | NEW | ESCO TECHNOLOGIES INC | COM | 296315104 | 1,750,200 | 0.55 | 5000.0 |
| - | KINSALE CAP GROUP INC | COM | 49714P108 | 1,568,906 | 0.49 | 4757.0 | |
| BMI | ADDED | BADGER METER INC | COM | 056525108 | 1,528,314 | 0.48 | 10300.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-12 | 317,170,054 | 42 | 7.698084 | 0.259205 | 15.502369 |
| 2026-03-31 | 2026-05-11 | 334,351,877 | 42 | 9.014741 | 0.328402 | 15.638551 |
| 2025-12-31 | 2026-03-10 | 358,838,232 | 41 | 11.173448 | 0.434742 | 17.168669 |
| 2025-09-30 | 2025-11-13 | 400,412,450 | 41 | 11.058421 | 0.432605 | 16.557771 |
| 2025-03-31 | 2025-05-13 | 340,900,732 | 46 | 10.516642 | 0.416173 | 16.688851 |
| 2024-12-31 | 2025-02-12 | 484,417,670 | 47 | 10.68931 | 0.421745 | 16.751671 |