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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
+15.04%
1 Year Est. Return
+12.52%
3 Year Est. Return
+37.38%
5 Year Est. Return
+44.93%
10 Year Est. Return
–
AUM
$388M
AUM Growth
+$47M
Cap. Flow
+$11.1M
Cap. Flow %
2.87%
Top 10 Hldgs %
45.19%
Holding
46
New
–
Increased
18
Reduced
17
Closed
7

Top Buys

Rank Stock Value
1
PAYC icon
Paycom
PAYC
+$9.17M
2
BSY icon
Bentley Systems
BSY
+$5.91M
3
HWKN icon
Hawkins
HWKN
+$5.55M
4
FSS icon
Federal Signal
FSS
+$2.27M
5
TECH icon
Bio-Techne
TECH
+$1.93M

Top Sells

Rank Stock Value
1
PCTY icon
Paylocity
PCTY
+$6.55M
2
TMDX icon
Transmedics
TMDX
+$3.05M
3
LRN icon
Stride
LRN
+$2.98M
4
POWI icon
Power Integrations
POWI
+$2.27M
5
TYL icon
Tyler Technologies
TYL
+$1.92M

Sector Composition

Rank Sector Weight
1 Technology 39.5%
2 Industrials 17.48%
3 Healthcare 17.07%
4 Financials 7.63%
5 Consumer Staples 6.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSCI icon
26
MSCI
MSCI
$41.2B
$7.35M 1.9%
12,750
+750
+6% +$415K
BRBR icon
27
BellRing Brands
BRBR
$1.41B
$6.37M 1.64%
110,000
– –
ENTG icon
28
Entegris
ENTG
$21.8B
$4.79M 1.24%
59,400
+3,820
+7% +$290K
FSS icon
29
Federal Signal
FSS
$7.8B
$4.67M 1.2%
43,900
+25,500
+139% +$2.27M
WMS icon
30
Advanced Drainage Systems
WMS
$11.4B
$4.34M 1.12%
37,800
-200
-0.5% -$22.4K
BMI icon
31
Badger Meter
BMI
$3.98B
$4.31M 1.11%
17,600
-2,900
-14% -$657K
FORM icon
32
FormFactor
FORM
$9B
$4.3M 1.11%
125,000
+10,499
+9% +$319K
STVN icon
33
Stevanato
STVN
$5.54B
$4.28M 1.1%
175,000
– –
MASI
34
DELISTED
Masimo
MASI
$3.85M 0.99%
22,860
-9,440
-29% -$1.51M
CGNX icon
35
Cognex
CGNX
$11.2B
$3.5M 0.9%
110,212
-29,990
-21% -$859K
TRNS icon
36
Transcat
TRNS
$885M
$3.44M 0.89%
40,000
– –
HQY icon
37
HealthEquity
HQY
$8.65B
$2.94M 0.76%
28,100
+12,800
+84% +$1.21M
ERII icon
38
Energy Recovery
ERII
$450M
$2.63M 0.68%
205,560
-11,140
-5% -$151K
OLED icon
39
Universal Display
OLED
$4.01B
$2.16M 0.56%
14,000
-1,995
-12% -$279K
AEHR icon
40
Aehr Test Systems
AEHR
$3.25B
– –
-4,850
Closed -$35.4K
AXON
41
Axon Enterprise
AXON
$42.1B
– –
-430
Closed -$226K
GLOB icon
42
Globant
GLOB
$1.61B
– –
-1,170
Closed -$138K
PCTY icon
43
Paylocity
PCTY
$8.39B
– –
-35,000
Closed -$6.55M
POWI icon
44
Power Integrations
POWI
$3.29B
– –
-45,000
Closed -$2.27M
P
45
Everpure Inc
P
$29B
– –
-2,570
Closed -$114K
ZS icon
46
Zscaler
ZS
$26.3B
– –
-500
Closed -$99.2K
1
2

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Montanaro Asset Management's Q2 2025 Portfolio in Review

As of Q2 2025, Montanaro Asset Management held 46 positions worth $388M, up 14% from $341M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Montanaro Asset Management's Q2 2025 filing shows 18 increased, 17 reduced and 7 closed positions. The largest sale was Paylocity, an estimated $6.55M.

By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 37% a quarter earlier, followed by Industrials and Healthcare.

  • Montanaro Asset Management added most to Paycom in Q2 2025, an estimated $9.17M increase.
  • Montanaro Asset Management's biggest Q2 2025 reduction was Transmedics, cutting an estimated $3.05M.
  • Montanaro Asset Management fully exited Paylocity in Q2 2025, selling an estimated $6.55M.
  • Montanaro Asset Management's ten largest holdings make up 45% of its $388M portfolio in Q2 2025.
  • Montanaro Asset Management opened 0 new positions and closed 7 in Q2 2025.
  • Montanaro Asset Management's portfolio value rose 14% quarter-over-quarter to $388M.

Based on Montanaro Asset Management's 13F filing for Q2 2025, filed 5 Aug 2025.