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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
-8.33%
1 Year Est. Return
+12.52%
3 Year Est. Return
+37.38%
5 Year Est. Return
+44.93%
10 Year Est. Return
–
AUM
$568M
AUM Growth
-$63.9M
Cap. Flow
+$3.41M
Cap. Flow %
0.6%
Top 10 Hldgs %
47.29%
Holding
45
New
–
Increased
15
Reduced
12
Closed
–

Top Buys

Rank Stock Value
1
EXPO icon
Exponent
EXPO
+$11.3M
2
BSY icon
Bentley Systems
BSY
+$8.68M
3
BRKR icon
Bruker
BRKR
+$2.5M
4
MSCI icon
MSCI
MSCI
+$2.36M
5
FN icon
Fabrinet
FN
+$2.08M

Top Sells

Rank Stock Value
1
TREX icon
Trex
TREX
+$9.43M
2
IDXX icon
Idexx Laboratories
IDXX
+$5.24M
3
ICLR icon
Icon
ICLR
+$5.19M
4
WMS icon
Advanced Drainage Systems
WMS
+$2.87M
5
CGNX icon
Cognex
CGNX
+$2.85M

Sector Composition

Rank Sector Weight
1 Technology 36.61%
2 Healthcare 25.42%
3 Industrials 21.37%
4 Financials 5.68%
5 Materials 4.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XPEL icon
26
XPEL
XPEL
$1.38B
$8.86M 1.56%
114,850
+5,000
+5% +$402K
CSW
27
CSW Industrials
CSW
$5.71B
$7.89M 1.39%
45,000
– –
ROL icon
28
Rollins
ROL
$18.2B
$6.81M 1.2%
182,500
+12,500
+7% +$505K
FN icon
29
Fabrinet
FN
$20.1B
$6.66M 1.17%
40,000
+15,000
+60% +$2.08M
SITM icon
30
SiTime
SITM
$21.8B
$6.58M 1.16%
57,550
– –
AXON
31
Axon Enterprise
AXON
$46.4B
$6.2M 1.09%
31,150
– –
PCTY icon
32
Paylocity
PCTY
$7.98B
$5.45M 0.96%
30,000
– –
FOXF icon
33
Fox Factory Holding Corp
FOXF
$886M
$4.95M 0.87%
50,000
– –
FORM icon
34
FormFactor
FORM
$9.17B
$4.56M 0.8%
130,500
– –
INMD icon
35
InMode
INMD
$880M
$3.21M 0.56%
105,250
-500
-0.5% -$19.6K
NRC icon
36
NRC Health Common Stock
NRC
$450M
$2.98M 0.52%
67,100
– –
PAYC icon
37
Paycom
PAYC
$9.69B
$2.75M 0.48%
10,600
+500
+5% +$152K
IDXX icon
38
Idexx Laboratories
IDXX
$46.2B
$2.19M 0.38%
5,000
-10,500
-68% -$5.24M
TTGT icon
39
TechTarget
TTGT
$278M
$1.82M 0.32%
60,000
-3,150
-5% -$96K
TMDX icon
40
Transmedics
TMDX
$2.91B
$391K 0.07%
7,150
-850
-11% -$61.2K
ZS icon
41
Zscaler
ZS
$27.3B
$198K 0.03%
1,275
– –
SWAV
42
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$169K 0.03%
850
– –
AMBA icon
43
Ambarella
AMBA
$3.81B
$117K 0.02%
2,200
– –
U icon
44
Unity
U
$18.9B
$94.2K 0.02%
3,000
– –
MXCT icon
45
MaxCyte
MXCT
$126M
$90.2K 0.02%
29,000
– –
1
2

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Montanaro Asset Management's Q3 2023 Portfolio in Review

As of Q3 2023, Montanaro Asset Management held 45 positions worth $568M, down 10% from $632M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Trading was light in Q3 2023: portfolio turnover was 0%. Montanaro Asset Management opened no new positions and made no exits, leaving the 45-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 36% a quarter earlier, followed by Healthcare and Industrials.

  • Montanaro Asset Management added most to Exponent in Q3 2023, an estimated $11.3M increase.
  • Montanaro Asset Management's biggest Q3 2023 reduction was Trex, cutting an estimated $9.43M.
  • Montanaro Asset Management's ten largest holdings make up 47% of its $568M portfolio in Q3 2023.
  • Montanaro Asset Management opened 0 new positions and closed 0 in Q3 2023.
  • Montanaro Asset Management's portfolio value fell 10% quarter-over-quarter to $568M.

Based on Montanaro Asset Management's 13F filing for Q3 2023, filed 13 Nov 2023.