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MAM

Montanaro Asset Management Portfolio holdings

AUM $334M
1-Year Est. Return 12.52%
This Fund
S&P 500
This Quarter Est. Return
+8.97%
1 Year Est. Return
+12.52%
3 Year Est. Return
+37.38%
5 Year Est. Return
+44.93%
10 Year Est. Return
–
AUM
$632M
AUM Growth
-$11.6M
Cap. Flow
-$53.9M
Cap. Flow %
-8.52%
Top 10 Hldgs %
48.66%
Holding
46
New
1
Increased
16
Reduced
16
Closed
1

Top Buys

Rank Stock Value
1
POWI icon
Power Integrations
POWI
+$5.32M
2
FN icon
Fabrinet
FN
+$2.67M
3
BCPC
Balchem Corp
BCPC
+$2.25M
4
SEDG icon
SolarEdge
SEDG
+$1.72M
5
MASI
Masimo
MASI
+$1.48M

Top Sells

Rank Stock Value
1
IDXX icon
Idexx Laboratories
IDXX
+$19.1M
2
ENTG icon
Entegris
ENTG
+$10.3M
3
TREX icon
Trex
TREX
+$7.64M
4
MSCI icon
MSCI
MSCI
+$6.98M
5
BRKR icon
Bruker
BRKR
+$6.67M

Sector Composition

Rank Sector Weight
1 Technology 36.18%
2 Healthcare 27.84%
3 Industrials 21.11%
4 Financials 4.31%
5 Materials 4.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CSW
26
CSW Industrials
CSW
$5.67B
$7.48M 1.18%
45,000
+5,000
+13% +$722K
EXPO icon
27
Exponent
EXPO
$3.21B
$7.47M 1.18%
80,000
– –
ROL icon
28
Rollins
ROL
$17.7B
$7.28M 1.15%
170,000
+20,000
+13% +$813K
SITM icon
29
SiTime
SITM
$20.6B
$6.79M 1.07%
57,550
– –
BSY icon
30
Bentley Systems
BSY
$10.7B
$6.3M 1%
116,250
+17,500
+18% +$817K
AXON
31
Axon Enterprise
AXON
$42.1B
$6.08M 0.96%
31,150
– –
PCTY icon
32
Paylocity
PCTY
$8.39B
$5.54M 0.88%
30,000
– –
FOXF icon
33
Fox Factory Holding Corp
FOXF
$791M
$5.43M 0.86%
50,000
– –
FORM icon
34
FormFactor
FORM
$9B
$4.47M 0.71%
130,500
– –
INMD icon
35
InMode
INMD
$869M
$3.95M 0.62%
105,750
– –
FN icon
36
Fabrinet
FN
$19.5B
$3.25M 0.51%
+25,000
New +$2.67M
PAYC icon
37
Paycom
PAYC
$10.1B
$3.24M 0.51%
10,100
+3,500
+53% +$1.03M
NRC icon
38
NRC Health Common Stock
NRC
$431M
$2.92M 0.46%
67,100
– –
TTGT icon
39
TechTarget
TTGT
$312M
$1.97M 0.31%
63,150
– –
TMDX icon
40
Transmedics
TMDX
$2.78B
$672K 0.11%
8,000
-250
-3% -$19.1K
SWAV
41
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$243K 0.04%
850
-225
-21% -$62.5K
ZS icon
42
Zscaler
ZS
$26.3B
$187K 0.03%
1,275
-325
-20% -$39.7K
AMBA icon
43
Ambarella
AMBA
$3.68B
$184K 0.03%
2,200
– –
U icon
44
Unity
U
$17.8B
$130K 0.02%
3,000
– –
MXCT icon
45
MaxCyte
MXCT
$119M
$129K 0.02%
29,000
– –
APPS icon
46
Digital Turbine
APPS
$1.73B
– –
-66,000
Closed -$816K
1
2

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HGA
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RWI
Red Wave Investments Dillsburg, Pennsylvania $335M AUM 15.13% 1-Year Est. Return
PCM
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VFIC
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WHGC
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WCM
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HFS
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Montanaro Asset Management's Q2 2023 Portfolio in Review

As of Q2 2023, Montanaro Asset Management held 46 positions worth $632M, down 1.8% from $644M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Montanaro Asset Management withdrew a net $53.9M in Q2 2023, closing 1 position and reducing 16 holdings. Its most notable exit was Digital Turbine, an estimated $816K position sold in full.

By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 35% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Montanaro Asset Management opened a new position in Fabrinet worth $3.25M.

  • Montanaro Asset Management's largest Q2 2023 buy was Fabrinet: 25,000 shares worth $3.25M.
  • Montanaro Asset Management added most to Power Integrations in Q2 2023, an estimated $5.32M increase.
  • Montanaro Asset Management's biggest Q2 2023 reduction was Idexx Laboratories, cutting an estimated $19.1M.
  • Montanaro Asset Management fully exited Digital Turbine in Q2 2023, selling an estimated $816K.
  • Montanaro Asset Management's ten largest holdings make up 49% of its $632M portfolio in Q2 2023.
  • Montanaro Asset Management opened 1 new position and closed 1 in Q2 2023.
  • Montanaro Asset Management's portfolio value fell 1.8% quarter-over-quarter to $632M.

Based on Montanaro Asset Management's 13F filing for Q2 2023, filed 11 Aug 2023.