Montanaro Asset Management Ltd

13F filer · CIK 0001831133

Reported Aug 12, 2026

Net seller this quarter

13F portfolio value$317MU.S. long equity reported on 13F

Positions425 new · 5 closed

Net flow last quarter-$47.2MBuys minus sells

Top 10 positions weight45.4%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 12, 202642 positions
NVMINova Ltd.	$18.7M	5.89%	0.11%	-28.6%	Q4 2020
WTSWatts Water Technologies Inc	$18M	5.69%	Not reported	+74.0%	Q1 2026
EGPEastgroup Properties Inc	$16.1M	5.06%	0.15%	+4.9%	Q3 2025
FSSFederal Signal Corp	$15.7M	4.96%	0.20%	-0.5%	Q1 2025
VMIValmont Industries Inc	$14.9M	4.71%	0.13%	+33.3%	Q1 2026
BCPCBalchem Corp	$14.8M	4.66%	0.27%	-11.3%	Q2 2022
SITMSITIME Corp	$11.9M	3.76%	0.06%	-36.0%	Q2 2021
BSYBentley Systems Inc	$11.4M	3.59%	Not reported	-4.9%	Q3 2022
CSWCSW Industrials, Inc.	$11.3M	3.57%	0.25%	-18.3%	Q4 2020
HLIHoulihan Lokey, Inc.	$11.1M	3.51%	14.11%	-15.6%	Q4 2020
AWKAmerican Water Works Company, Inc.	$11.1M	3.49%	0.04%	-6.3%	Q4 2020
AYIAcuity Inc. (De)	$10.9M	3.44%	0.10%	New	Q2 2026
ENTGEntegris Inc	$10.7M	3.37%	0.04%	-27.4%	Q2 2021
EXPOExponent Inc	$10.5M	3.32%	0.37%	-6.6%	Q4 2020
MANHManhattan Associates Inc	$9.44M	2.98%	0.12%	-14.6%	Q3 2024
TECHBIO-TECHNE Corp	$8.93M	2.81%	0.08%	-63.0%	Q1 2021
LRNStride, Inc.	$8.39M	2.64%	0.23%	-22.4%	Q2 2024
SXTSensient Technologies Corp	$8.08M	2.55%	0.15%	New	Q2 2026
VEEVVeeva Systems Inc	$7.65M	2.41%	0.03%	+19.7%	Q4 2020
MIRMirion Technologies, Inc.	$7.51M	2.37%	2.23%	+37.1%	Q3 2025
ROLRollins Inc	$6.32M	1.99%	0.03%	-25.5%	Q4 2020
MSCIMSCI Inc.	$6.16M	1.94%	0.02%	-29.7%	Q4 2020
FNFabrinet	$5.62M	1.77%	0.03%	-50.0%	Q2 2023
ALRMAlarm.com Holdings, Inc.	$5.2M	1.64%	0.23%	-21.5%	Q4 2020
MDAMDA Space Ltd.	$5.02M	1.58%	Not reported	-9.3%	Q1 2026
HQYHealthequity, Inc.	$4.28M	1.35%	0.06%	-6.7%	Q1 2025
HWKNHawkins Inc	$4.23M	1.34%	0.14%	-50.2%	Q4 2024
CLHClean Harbors Inc	$4.03M	1.27%	0.03%	+275.0%	Q1 2026
TWTradeweb Markets Inc.	$3.94M	1.24%	39500.00%	-25.7%	Q2 2024
GGGGraco Inc	$3.78M	1.19%	0.03%	-54.6%	Q4 2024
BELFBBel Fuse Inc	$3.66M	1.16%	Not reported	New	Q2 2026
KGSKodiak Gas Services, Inc.	$3.38M	1.07%	0.04%	New	Q2 2026
HXLHexcel Corp	$3.37M	1.06%	0.04%	-19.7%	Q1 2026
TRNSTranscat Inc	$2.98M	0.94%	0.34%	-19.7%	Q1 2024
SNEXStoneX Group Inc.	$2.85M	0.90%	0.02%	-19.7%	Q1 2026
WMSAdvanced Drainage Systems, Inc.	$2.81M	0.89%	0.03%	+65.7%	Q3 2021
TTEKTetra Tech Inc	$2.65M	0.84%	0.04%	+28.4%	Q1 2026
STVNStevanato Group S.p.A.	$2.54M	0.80%	0.05%	-19.7%	Q1 2024
UTIUniversal Technical Institute Inc	$2.31M	0.73%	0.10%	-18.9%	Q4 2025
ESEEsco Technologies Inc	$1.75M	0.55%	0.02%	New	Q2 2026
KNSLKinsale Capital Group, Inc.	$1.57M	0.49%	0.02%	+6.7%	Q4 2025
BMIBadger Meter Inc	$1.53M	0.48%	0.04%	+41.1%	Q4 2020
Q1 2026Reported May 11, 202642 positions
NVMINova Ltd.	$20.9M	6.25%	0.15%	-24.4%	Q4 2020
TECHBIO-TECHNE Corp	$17.8M	5.33%	0.22%	-1.6%	Q1 2021
BCPCBalchem Corp	$16.7M	5.00%	0.31%	-2.6%	Q2 2022
HLIHoulihan Lokey, Inc.	$14.1M	4.22%	16.71%	+0.6%	Q4 2020
BSYBentley Systems Inc	$14.1M	4.20%	Not reported	-13.2%	Q3 2022
EGPEastgroup Properties Inc	$14M	4.19%	0.14%	+58.8%	Q3 2025
FSSFederal Signal Corp	$13.3M	3.98%	0.20%	+79.7%	Q1 2025
CSWCSW Industrials, Inc.	$13M	3.88%	0.30%	+7.8%	Q4 2020
EXPOExponent Inc	$12.5M	3.74%	0.39%	+59.2%	Q4 2020
AWKAmerican Water Works Company, Inc.	$12.2M	3.66%	0.05%	-0.4%	Q4 2020
LRNStride, Inc.	$11M	3.30%	0.29%	+16.0%	Q2 2024
ROLRollins Inc	$10.8M	3.24%	0.04%	-33.4%	Q4 2020
MANHManhattan Associates Inc	$10.6M	3.16%	0.13%	-16.4%	Q3 2024
FNFabrinet	$10.4M	3.12%	0.06%	-27.3%	Q2 2023
ENTGEntegris Inc	$9.6M	2.87%	0.05%	-21.8%	Q2 2021
TYLTyler Technologies Inc	$9.36M	2.80%	0.06%	-9.7%	Q4 2020
GGGGraco Inc	$9.31M	2.78%	0.07%	+22.2%	Q4 2024
HWKNHawkins Inc	$9.19M	2.75%	0.29%	-9.3%	Q4 2024
FCNFti Consulting, Inc	$8.84M	2.64%	0.17%	Not reported	Q1 2024
SITMSITIME Corp	$8.63M	2.58%	0.09%	-28.6%	Q2 2021
MSCIMSCI Inc.	$8.44M	2.52%	0.02%	+3.3%	Q4 2020
TMDXTransMedics Group, Inc.	$7.83M	2.34%	0.23%	-22.8%	Q2 2021
VMIValmont Industries Inc	$7.75M	2.32%	0.10%	New	Q1 2026
WTSWatts Water Technologies Inc	$7.69M	2.30%	Not reported	New	Q1 2026
VEEVVeeva Systems Inc	$6.32M	1.89%	0.02%	-9.1%	Q4 2020
TWTradeweb Markets Inc.	$6.25M	1.87%	53150.00%	-23.5%	Q2 2024
ALRMAlarm.com Holdings, Inc.	$6.12M	1.83%	0.29%	-5.6%	Q4 2020
MIRMirion Technologies, Inc.	$5.68M	1.70%	1.63%	+19.5%	Q3 2025
HQYHealthequity, Inc.	$4.25M	1.27%	0.06%	+36.6%	Q1 2025
HXLHexcel Corp	$3.4M	1.02%	0.06%	New	Q1 2026
MDAMDA Space Ltd.	$3.4M	1.02%	Not reported	New	Q1 2026
TRNSTranscat Inc	$2.94M	0.88%	0.43%	Not reported	Q1 2024
SNEXStoneX Group Inc.	$2.42M	0.72%	0.04%	New	Q1 2026
UTIUniversal Technical Institute Inc	$2.41M	0.72%	0.12%	+50.5%	Q4 2025
STVNStevanato Group S.p.A.	$2.41M	0.72%	0.06%	Not reported	Q1 2024
BRBRBellring Brands, Inc.	$2.25M	0.67%	0.12%	+27.3%	Q4 2024
TTEKTetra Tech Inc	$2.15M	0.64%	0.03%	New	Q1 2026
KNSLKinsale Capital Group, Inc.	$1.52M	0.46%	0.02%	+59.2%	Q4 2025
WMSAdvanced Drainage Systems, Inc.	$1.48M	0.44%	0.01%	-33.7%	Q3 2021
BMIBadger Meter Inc	$1.11M	0.33%	0.03%	-39.2%	Q4 2020
DOCSDoximity, Inc.	$1.06M	0.32%	0.02%	+10.0%	Q3 2025
CLHClean Harbors Inc	$1.03M	0.31%	0.01%	New	Q1 2026
Q4 2025Reported Mar 10, 202641 positions
NVMINova Ltd.	$20.9M	5.82%	0.20%	-13.6%	Q4 2020
TECHBIO-TECHNE Corp	$20.4M	5.68%	0.22%	-4.3%	Q1 2021
ROLRollins Inc	$18.3M	5.10%	0.06%	+2.7%	Q4 2020
BSYBentley Systems Inc	$17.6M	4.91%	Not reported	+0.1%	Q3 2022
HLIHoulihan Lokey, Inc.	$17M	4.74%	16.61%	+9.7%	Q4 2020
MANHManhattan Associates Inc	$16.4M	4.58%	0.16%	+3.0%	Q3 2024
BCPCBalchem Corp	$15.5M	4.33%	0.32%	+28.7%	Q2 2022
TYLTyler Technologies Inc	$13.7M	3.83%	0.06%	-25.4%	Q4 2020
CSWCSW Industrials, Inc.	$13.6M	3.78%	0.28%	+15.5%	Q4 2020
FNFabrinet	$12.5M	3.49%	0.08%	-16.7%	Q2 2023
TMDXTransMedics Group, Inc.	$12.4M	3.46%	0.30%	-21.9%	Q2 2021
SITMSITIME Corp	$12.4M	3.44%	0.13%	Not reported	Q2 2021
AWKAmerican Water Works Company, Inc.	$11.8M	3.28%	0.05%	-7.5%	Q4 2020
TREXTrex Co Inc	$10.6M	2.96%	0.29%	-6.2%	Q4 2020
HWKNHawkins Inc	$9.36M	2.61%	0.32%	+11.5%	Q4 2024
VEEVVeeva Systems Inc	$8.84M	2.46%	0.02%	-1.5%	Q4 2020
ENTGEntegris Inc	$8.82M	2.46%	0.07%	+115.4%	Q2 2021
MSCIMSCI Inc.	$8.69M	2.42%	0.02%	+5.6%	Q4 2020
FCNFti Consulting, Inc	$8.54M	2.38%	0.16%	Not reported	Q1 2024
EGPEastgroup Properties Inc	$8.48M	2.36%	0.09%	+28.7%	Q3 2025
EXPOExponent Inc	$8.37M	2.33%	0.24%	-0.9%	Q4 2020
BRKRBruker Corp	$8.17M	2.28%	0.11%	-21.4%	Q4 2020
PAYCPaycom Software, Inc.	$8.05M	2.24%	0.09%	-20.5%	Q4 2020
ALRMAlarm.com Holdings, Inc.	$7.66M	2.13%	0.30%	-8.6%	Q4 2020
TWTradeweb Markets Inc.	$7.47M	2.08%	69500.00%	+6.9%	Q2 2024
FSSFederal Signal Corp	$7.44M	2.07%	0.11%	+65.9%	Q1 2025
GGGGraco Inc	$7.38M	2.06%	0.05%	Not reported	Q4 2024
LRNStride, Inc.	$7.01M	1.95%	0.25%	-18.3%	Q2 2024
MIRMirion Technologies, Inc.	$5.98M	1.67%	1.36%	+48.8%	Q3 2025
STVNStevanato Group S.p.A.	$3.52M	0.98%	0.06%	Not reported	Q1 2024
HQYHealthequity, Inc.	$3.41M	0.95%	0.04%	+13.1%	Q1 2025
BRBRBellring Brands, Inc.	$2.94M	0.82%	0.09%	Not reported	Q4 2024
WMSAdvanced Drainage Systems, Inc.	$2.36M	0.66%	0.02%	-38.7%	Q3 2021
TRNSTranscat Inc	$2.27M	0.63%	0.43%	Not reported	Q1 2024
BMIBadger Meter Inc	$2.09M	0.58%	0.03%	Not reported	Q4 2020
DOCSDoximity, Inc.	$1.82M	0.51%	0.02%	+28.0%	Q3 2025
ERIIEnergy Recovery, Inc.	$1.73M	0.48%	0.24%	-37.7%	Q2 2021
CGNXCognex Corp	$1.51M	0.42%	0.03%	-36.6%	Q4 2020
OLEDUniversal Display Corp \pa\	$1.51M	0.42%	0.03%	-7.9%	Q2 2024
UTIUniversal Technical Institute Inc	$1.16M	0.32%	0.08%	New	Q4 2025
KNSLKinsale Capital Group, Inc.	$1.1M	0.31%	0.01%	New	Q4 2025
Q3 2025Reported Nov 13, 202541 positions
BSYBentley Systems Inc	$23.7M	5.93%	Not reported	+5.5%	Q3 2022
NVMINova Ltd.	$23.6M	5.88%	0.25%	+2.6%	Q4 2020
TYLTyler Technologies Inc	$21.2M	5.30%	0.08%	+6.6%	Q4 2020
TECHBIO-TECHNE Corp	$20.1M	5.03%	0.23%	+22.8%	Q1 2021
LRNStride, Inc.	$19.7M	4.92%	0.30%	+10.2%	Q2 2024
MANHManhattan Associates Inc	$18.9M	4.72%	0.15%	+29.7%	Q3 2024
HLIHoulihan Lokey, Inc.	$18.3M	4.56%	15.14%	+9.9%	Q4 2020
ROLRollins Inc	$17.4M	4.36%	0.06%	+12.1%	Q4 2020
TREXTrex Co Inc	$16.7M	4.16%	0.30%	+7.3%	Q4 2020
TMDXTransMedics Group, Inc.	$14.7M	3.66%	0.38%	+3.7%	Q2 2021
AWKAmerican Water Works Company, Inc.	$13.6M	3.39%	0.05%	+12.7%	Q4 2020
PAYCPaycom Software, Inc.	$13.2M	3.30%	0.11%	+10.4%	Q4 2020
FNFabrinet	$12M	3.01%	0.09%	Not reported	Q2 2023
VEEVVeeva Systems Inc	$12M	2.99%	0.02%	+12.3%	Q4 2020
BCPCBalchem Corp	$11.8M	2.95%	0.24%	+5.8%	Q2 2022
HWKNHawkins Inc	$10.8M	2.70%	0.29%	Not reported	Q4 2024
SITMSITIME Corp	$10.5M	2.63%	0.13%	-22.2%	Q2 2021
CSWCSW Industrials, Inc.	$9.71M	2.43%	0.24%	Not reported	Q4 2020
ALRMAlarm.com Holdings, Inc.	$8.72M	2.18%	0.33%	-7.5%	Q4 2020
EXPOExponent Inc	$8.45M	2.11%	0.24%	Not reported	Q4 2020
MSCIMSCI Inc.	$8.14M	2.03%	0.02%	+12.6%	Q4 2020
FCNFti Consulting, Inc	$8.08M	2.02%	0.16%	Not reported	Q1 2024
GGGGraco Inc	$7.65M	1.91%	0.05%	Not reported	Q4 2024
TWTradeweb Markets Inc.	$7.21M	1.80%	65000.00%	+23.8%	Q2 2024
BRKRBruker Corp	$7.17M	1.79%	0.15%	-29.0%	Q4 2020
EGPEastgroup Properties Inc	$6.26M	1.56%	0.07%	New	Q3 2025
FSSFederal Signal Corp	$4.91M	1.23%	0.07%	-5.9%	Q1 2025
FORMFormfactor Inc	$4.55M	1.14%	0.16%	Not reported	Q2 2022
STVNStevanato Group S.p.A.	$4.51M	1.13%	0.06%	Not reported	Q1 2024
ENTGEntegris Inc	$4.49M	1.12%	0.03%	-18.2%	Q2 2021
BRBRBellring Brands, Inc.	$4M	1.00%	0.09%	Not reported	Q4 2024
MIRMirion Technologies, Inc.	$3.99M	1.00%	0.92%	New	Q3 2025
WMSAdvanced Drainage Systems, Inc.	$3.69M	0.92%	0.04%	-29.6%	Q3 2021
ERIIEnergy Recovery, Inc.	$3.17M	0.79%	0.39%	Not reported	Q2 2021
HQYHealthequity, Inc.	$3.12M	0.78%	0.04%	+17.1%	Q1 2025
CGNXCognex Corp	$3M	0.75%	0.04%	-39.8%	Q4 2020
TRNSTranscat Inc	$2.93M	0.73%	0.43%	Not reported	Q1 2024
DOCSDoximity, Inc.	$2.36M	0.59%	0.02%	New	Q3 2025
BMIBadger Meter Inc	$2.14M	0.54%	0.04%	-31.8%	Q4 2020
OLEDUniversal Display Corp \pa\	$2.01M	0.50%	0.03%	Not reported	Q2 2024
MASIMasimo Corp	$1.91M	0.48%	0.02%	-43.3%	Q4 2020

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