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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
-0.99%
1 Year Est. Return
+12.52%
3 Year Est. Return
+37.38%
5 Year Est. Return
+44.93%
10 Year Est. Return
–
AUM
$653M
AUM Growth
-$12.2M
Cap. Flow
+$10.4M
Cap. Flow %
1.6%
Top 10 Hldgs %
44.78%
Holding
49
New
1
Increased
18
Reduced
18
Closed
1

Top Buys

Rank Stock Value
1
BCPC
Balchem Corp
BCPC
+$14.1M
2
TREX icon
Trex
TREX
+$8.72M
3
ALRM icon
Alarm.com
ALRM
+$7.55M
4
AWK icon
American Water Works
AWK
+$5.65M
5
MSCI icon
MSCI
MSCI
+$5.49M

Top Sells

Rank Stock Value
1
IEX icon
IDEX
IEX
+$7.58M
2
WMS icon
Advanced Drainage Systems
WMS
+$7.03M
3
VEEV icon
Veeva Systems
VEEV
+$5.59M
4
TTGT icon
TechTarget
TTGT
+$5.06M
5
ICLR icon
Icon
ICLR
+$4.35M

Sector Composition

Rank Sector Weight
1 Technology 36.58%
2 Healthcare 27.61%
3 Industrials 23.06%
4 Financials 4.41%
5 Utilities 3.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ICLR icon
1
Icon
ICLR
$13B
$33.7M 5.16%
183,400
-20,000
-10% -$4.35M
SEDG icon
2
SolarEdge
SEDG
$2.62B
$33.6M 5.14%
144,980
-11,820
-8% -$3.49M
TREX icon
3
Trex
TREX
$4.57B
$32M 4.9%
728,000
+163,000
+29% +$8.72M
BRKR icon
4
Bruker
BRKR
$9.14B
$31.7M 4.85%
597,400
-15,000
-2% -$896K
ENTG icon
5
Entegris
ENTG
$19.2B
$29.3M 4.49%
353,050
+19,450
+6% +$1.9M
ANSS
6
DELISTED
Ansys
ANSS
$29.2M 4.47%
131,550
+13,200
+11% +$3.37M
TECH icon
7
Bio-Techne
TECH
$11.2B
$29M 4.43%
407,800
+32,000
+9% +$2.77M
IEX icon
8
IDEX
IEX
$16.6B
$24.9M 3.81%
124,500
-37,500
-23% -$7.58M
CGNX icon
9
Cognex
CGNX
$10.2B
$24.6M 3.77%
594,200
+10,000
+2% +$453K
ALRM icon
10
Alarm.com
ALRM
$2.65B
$24.5M 3.75%
378,000
+110,000
+41% +$7.55M
NVMI
11
Nova
NVMI
$13.6B
$24.3M 3.72%
284,875
+10,000
+4% +$982K
TYL icon
12
Tyler Technologies
TYL
$13B
$21.9M 3.35%
63,000
+2,175
+4% +$809K
AWK icon
13
American Water Works
AWK
$26.3B
$20.7M 3.17%
158,900
+37,500
+31% +$5.65M
WMS icon
14
Advanced Drainage Systems
WMS
$11B
$20.1M 3.09%
162,000
-56,500
-26% -$7.03M
ZS icon
15
Zscaler
ZS
$23.8B
$19.5M 2.98%
118,600
+6,500
+6% +$1.06M
XYL icon
16
Xylem
XYL
$28.6B
$19.2M 2.93%
219,000
-15,000
-6% -$1.36M
MSCI icon
17
MSCI
MSCI
$41.5B
$19M 2.91%
45,000
+12,000
+36% +$5.49M
BCPC
18
Balchem Corp
BCPC
$5.29B
$18.9M 2.89%
155,500
+108,000
+227% +$14.1M
ERII icon
19
Energy Recovery
ERII
$439M
$18.9M 2.89%
869,000
+10,000
+1% +$225K
VEEV icon
20
Veeva Systems
VEEV
$31.6B
$16.8M 2.58%
102,150
-28,000
-22% -$5.59M
MASI
21
DELISTED
Masimo
MASI
$16.4M 2.52%
116,500
-26,000
-18% -$3.8M
IDXX icon
22
Idexx Laboratories
IDXX
$43.9B
$15.6M 2.38%
47,800
-10,000
-17% -$3.67M
AMRC icon
23
Ameresco
AMRC
$1.12B
$15.2M 2.33%
229,000
– –
BMI icon
24
Badger Meter
BMI
$3.71B
$14.4M 2.21%
156,000
-9,000
-5% -$835K
CTLT
25
DELISTED
CATALENT, INC.
CTLT
$14M 2.14%
192,500
+34,000
+21% +$3.38M
1
2

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HGA
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RWI
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PMA
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PCM
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VFIC
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WHGC
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Montanaro Asset Management's Q3 2022 Portfolio in Review

As of Q3 2022, Montanaro Asset Management held 49 positions worth $653M, down 1.8% from $665M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Trading was light in Q3 2022: portfolio turnover was 4.1%. Montanaro Asset Management opened 1 new position and exited 1, leaving the 49-position portfolio largely intact.

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

  • Montanaro Asset Management's largest Q3 2022 buy was Bentley Systems: 35,000 shares worth $1.07M.
  • Montanaro Asset Management added most to Balchem Corp in Q3 2022, an estimated $14.1M increase.
  • Montanaro Asset Management's biggest Q3 2022 reduction was IDEX, cutting an estimated $7.58M.
  • Montanaro Asset Management fully exited Avalara, Inc. in Q3 2022, selling an estimated $212K.
  • Montanaro Asset Management's ten largest holdings make up 45% of its $653M portfolio in Q3 2022.
  • Montanaro Asset Management opened 1 new position and closed 1 in Q3 2022.
  • Montanaro Asset Management's portfolio value fell 1.8% quarter-over-quarter to $653M.

Based on Montanaro Asset Management's 13F filing for Q3 2022, filed 9 Nov 2022.