MAM

Montanaro Asset Management Portfolio holdings

AUM $317M Turnover 21.28%
1-Year Est. Return 16.08%
This Fund
S&P 500
This Quarter Est. Return
+18.68%
1 Year Est. Return
+16.08%
3 Year Est. Return
+49.62%
5 Year Est. Return
+55.15%
10 Year Est. Return
–
AUM
$317M
AUM Growth
-$17.2M
Cap. Flow
-$56M
Cap. Flow %
-17.67%
Top 10 Hldgs %
45.4%
Holding
47
New
5
Increased
10
Reduced
27
Closed
5
Avg Time Held
2.5 years
Top 10 Avg Time Held
0.6 years
Top 20 Avg Time Held
1.5 years

Top Buys

Rank Stock Value
1
AYI icon
Acuity Brands
AYI
+$8.58M
2
SXT icon
Sensient Technologies
SXT
+$7.29M
3
WTS icon
Watts Water Technologies
WTS
+$6.11M
4
VMI icon
Valmont Industries
VMI
+$3.24M
5
KGS icon
Kodiak Gas Services
KGS
+$3.06M

Top Sells

Rank Stock Value
1
TECH icon
Bio-Techne
TECH
+$11.6M
2
TYL icon
Tyler Technologies
TYL
+$9.36M
3
FCN icon
FTI Consulting
FCN
+$8.84M
4
TMDX icon
Transmedics
TMDX
+$7.83M
5
NVMI icon
Nova
NVMI
+$7.07M

Sector Composition

Rank Sector Weight
1 Industrials 35.83%
2 Technology 25.18%
3 Materials 8.54%
4 Financials 8.09%
5 Healthcare 7.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
NVMI icon
1
Nova
NVMI
$10.5B
$18.7M 5.89%
34,380
-13,750
-29% -$7.07M
2020 Q4
22 quarters
WTS icon
2
Watts Water Technologies
WTS
$11.8B
$18M 5.69%
46,100
+19,600
+74% +$6.11M
2026 Q1
1 quarter
EGP icon
3
EastGroup Properties
EGP
$10.4B
$16.1M 5.06%
79,318
+3,718
+5% +$745K
2025 Q3
3 quarters
FSS icon
4
Federal Signal
FSS
$6.9B
$15.7M 4.96%
122,531
-569
-0.5% -$65.3K
2025 Q1
5 quarters
VMI icon
5
Valmont Industries
VMI
$8.98B
$14.9M 4.71%
25,850
+6,450
+33% +$3.24M
2026 Q1
1 quarter
BCPC icon
6
Balchem Corp
BCPC
$5.43B
$14.8M 4.66%
87,518
-11,182
-11% -$1.86M
2022 Q2
16 quarters
SITM icon
7
SiTime
SITM
$15.8B
$11.9M 3.76%
16,000
-9,000
-36% -$5.67M
2021 Q2
20 quarters
BSY icon
8
Bentley Systems
BSY
$10.6B
$11.4M 3.59%
380,833
-19,467
-5% -$633K
2022 Q3
15 quarters
CSW icon
9
CSW Industrials
CSW
$4.7B
$11.3M 3.57%
40,705
-9,095
-18% -$2.52M
2020 Q4
22 quarters
HLI icon
10
Houlihan Lokey
HLI
$8.72B
$11.1M 3.51%
82,934
-15,316
-16% -$2.26M
2020 Q4
22 quarters
AWK icon
11
American Water Works
AWK
$26.2B
$11.1M 3.49%
84,140
-5,700
-6% -$732K
2022 Q2
16 quarters
AYI icon
12
Acuity Brands
AYI
$8.89B
$10.9M 3.44%
+28,950
New +$8.58M
2026 Q2
0 quarters
ENTG icon
13
Entegris
ENTG
$23.4B
$10.7M 3.37%
59,500
-22,400
-27% -$3.23M
2021 Q2
20 quarters
EXPO icon
14
Exponent
EXPO
$3.38B
$10.5M 3.32%
179,089
-12,711
-7% -$780K
2020 Q4
22 quarters
MANH icon
15
Manhattan Associates
MANH
$12.8B
$9.44M 2.98%
67,765
-11,545
-15% -$1.59M
2024 Q3
7 quarters
TECH icon
16
Bio-Techne
TECH
$11.4B
$8.93M 2.81%
126,335
-214,715
-63% -$11.6M
2021 Q1
21 quarters
LRN icon
17
Stride
LRN
$3.43B
$8.39M 2.64%
97,249
-28,051
-22% -$2.58M
2024 Q2
8 quarters
SXT icon
18
Sensient Technologies
SXT
$5.65B
$8.08M 2.55%
+65,500
New +$7.29M
2026 Q2
0 quarters
VEEV icon
19
Veeva Systems
VEEV
$48.1B
$7.65M 2.41%
43,100
+7,100
+20% +$1.17M
2020 Q4
22 quarters
MIR icon
20
Mirion Technologies
MIR
$3.96B
$7.51M 2.37%
418,646
+113,346
+37% +$2.1M
2025 Q3
3 quarters
ROL icon
21
Rollins
ROL
$15.7B
$6.32M 1.99%
151,315
-51,685
-25% -$2.64M
2020 Q4
22 quarters
MSCI icon
22
MSCI
MSCI
$40.7B
$6.16M 1.94%
11,000
-4,650
-30% -$2.71M
2020 Q4
22 quarters
FN icon
23
Fabrinet
FN
$14.1B
$5.62M 1.77%
10,000
-10,000
-50% -$6.44M
2023 Q2
12 quarters
ALRM icon
24
Alarm.com
ALRM
$2.78B
$5.2M 1.64%
111,197
-30,503
-22% -$1.37M
2020 Q4
22 quarters
MDA icon
25
MDA Space Ltd
MDA
$4.47B
$5.02M 1.58%
121,600
-12,500
-9% -$454K
2026 Q1
1 quarter
1
2

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Montanaro Asset Management's Q2 2026 Portfolio in Review

As of Q2 2026, Montanaro Asset Management held 47 positions worth $317M, down 5.1% from $334M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Montanaro Asset Management withdrew a net $56M in Q2 2026, closing 5 positions and reducing 27 holdings. Its most notable exit was Tyler Technologies, an estimated $9.36M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 36% of assets, up from 28% a quarter earlier, followed by Technology and Materials.

Against the trend, Montanaro Asset Management opened a new position in Acuity Brands worth $10.9M.

  • Montanaro Asset Management's largest Q2 2026 buy was Acuity Brands: 28,950 shares worth $10.9M.
  • Montanaro Asset Management added most to Watts Water Technologies in Q2 2026, an estimated $6.11M increase.
  • Montanaro Asset Management's biggest Q2 2026 reduction was Bio-Techne, cutting an estimated $11.6M.
  • Montanaro Asset Management fully exited Tyler Technologies in Q2 2026, selling an estimated $9.36M.
  • Montanaro Asset Management's ten largest holdings make up 45% of its $317M portfolio in Q2 2026.
  • Montanaro Asset Management opened 5 new positions and closed 5 in Q2 2026.
  • Montanaro Asset Management's portfolio value fell 5.1% quarter-over-quarter to $317M.

Based on Montanaro Asset Management's 13F filing for Q2 2026, filed 12 Aug 2026.